Norfolk, Virginia, offers a dynamic environment for entrepreneurs and small business owners, supported by a variety of resources and initiatives designed to foster growth and innovation.
City-Sponsored Programs
Small Business Kickstart Program
The Small Business Kickstart Program provides local businesses with startup assistance, marketing exposure, and opportunities to participate in major events and festivals. This initiative is particularly beneficial for restaurants, food trucks, and retail vendors aiming to expand their reach. Learn more
Revolving Loan Fund Program
Administered by the Economic Development Authority, the Revolving Loan Fund offers below-market-rate loans to startups and early-stage businesses with fewer than 25 employees. These funds can be used for acquiring fixed assets, equipment, working capital, and, in certain cases, refinancing existing debt to promote employment growth among Norfolk residents. Learn more
Support Centers and Resources
Hendrix Business Center
Located within the Slover Library, the Hendrix Business Center provides entrepreneurs with one-on-one consulting, business notary services, and access to essential business insights. These services are designed to assist business owners at various stages of development. Learn more
Hampton Roads Small Business Development Center (SBDC)
The SBDC offers confidential, no-cost business counseling and educational programs to businesses with up to 99 employees. Their services include business plan preparation, access to capital, and growth strategies, catering to a wide range of industries. Learn more
Specialized Support for Veterans
Veterans Business Outreach Center (VBOC)
Hosted by Old Dominion University, the VBOC provides tailored support to veteran entrepreneurs, including business training, counseling, and mentoring. Their programs are designed to assist veterans in transitioning their skills into successful business ventures. Learn more
Community Initiatives
Retail Catalyst Program
In partnership with various organizations, the Retail Catalyst Program supports new and existing small retail businesses through comprehensive services such as business education, community engagement campaigns, access to capital, and ongoing technical assistance. The program is currently piloted in select neighborhood districts, including Granby Street in Norfolk. Learn more
By leveraging these resources, Norfolk’s entrepreneurs and small business owners can navigate the local business landscape more effectively, contributing to the city’s economic vitality and community development.