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Roanoke County Economic Development Authority’s Business Equipment Acquisition Program (BEAP) Grant offers funding opportunities for eligible for-profit businesses that desire to bolster their operations through the acquisition of new capital. On a competitive basis, the Authority will award grants of up to 50% of capital acquisition costs in amounts up to $20,000 per award. Watch the video for more information, or see more details below. 

Business Applicant Eligibility

• In order to qualify for an award, a business must: 
• Employ more than three (3) full-time employees (or FTEs) at a physical location in Roanoke County,
• Have operated as a for-profit business for at least one year in Roanoke County, 
• Have a current County or town business license and be in good standing with all applicable requirements, and
• Have been and continue to be in compliance and in good standing with all local ordinances, on the County tax rolls, current with Roanoke County taxes/fees or other assessments, and have a current business license as required.

Eligible Acquisitions

Eligible capital acquisitions must be taxable, pursuant to Chapter 21 of the Roanoke County Code, as business personal property or business machinery or tools. Examples include:

• TANGIBLE PERSONAL PROPERTY such as furniture, fixtures, office and business machines, tools and equipment used in any business or profession.
• COMPUTER EQUIPMENT ONLY. Does not include software. Includes computer equipment, printers, disk drives, mouse, modem, etc.
• MACHINERY & TOOLS used in manufacturing, mining, processing, broadcasting, dry cleaners, commercial laundry, and dairy businesses.

All submissions must be received no later than September 1, 2024.

>> Download the BEAP Grant application at https://www.yesroanoke.com/492/Roanoke-County-EDA-BEAP-Grant

Economic Development Department
PO Box 29800 |  5204 Bernard Drive
Roanoke, VA 24018