The Portsmouth Economic Development Authority (EDA) supports the City's growing entrepreneurship and small business community through the Business Investment Grant program.
Grant programs are tailored to help new businesses, growing businesses, and established organizations making additional investments in the city. For details on the programs and eligibility requirements, please download the application packages.
Please submit all questions regarding the grant program through the Contact Us Form or by calling 757-393-8804.
Completed applications, and the required documentation, can be submitted by email to econdev@portsmouthva.gov. Applications may also be submitted in person, or by mail, to 200 High Street, Suite 200, Portsmouth, Va. 23704.
**The EDA has redesigned the Local Incentive Program grants for the fiscal year 2022 (FY22). FY22 Grants are accepted from January 1, 2022 - June 30, 2022.
Smart Start Business Acceleration Grant
Provide financial support to established small businesses to advance and accelerate the growth and expansion of Portsmouth’s entrepreneurial and small business community.
Smart Start Business Development Grant
Provide financial support for new and recently established startups and small businesses to assist with expanding entrepreneurial opportunity, business resiliency, and organizational capacity building.
Real Property Investment Grant
Provide new or relocating businesses, expanding businesses, and commercial property owners with the rehabilitation and redevelopment of interior and exterior spaces to visually enhance the local streetscape, and increase interest in the City of Portsmouth.