MARTINSVILLE, VA – The Tobacco Region Revitalization Commission awarded The Chamber's Partnership for Economic Growth $103,575 to expand its Startup and Grow Martinsville-Henry County.
Startup is an entrepreneurial mentoring program with an eight-week entrepreneurial boot-camp program for startups and four-week boot-camp for growing companies.
C-PEG says this opportunity will allow them to serve additional entrepreneurs, provide additional training to entrepreneurs, and to make additional investments in viable business concepts.
“This award will allow C-PEG to further leverage support from our generous funders. We are very grateful for the confidence and funding from the Tobacco Region Revitalization Committee to expand our efforts to grow businesses and create jobs through the Startup and Grow MHC programs,” said Lisa Watkins, executive director of C-PEG and president of Martinsville-Henry County Chamber of Commerce.
Funding will be focused on incentives for businesses that produce a traded product or service and contribute to the region’s economic base, according to Watkins.
Some examples of targeted sectors include agribusiness, technology, small-scale production, manufacturing, and health care businesses.
To date, the initiative has graduated 231 individuals from its training program, awarded 35 businesses with over $204,750 in cash and in-kind funding.
Watkins says these businesses have created over $1,450,000 in new capital investment and created 125 new jobs.