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12/20/21

Downtown Richmond Arts District Broad Street Tenant Recruitment Grants

Ten $10,000 grants available by May 15, 2022

Venture Richmond was awarded a grant from the Virginia Department of Housing & Community Development to help recruit ten new tenants to Broad Street in Downtown Richmond. Each new tenant will get a $10,000 grant for moving in and opening by May 15, 2022. Venture Richmond is partnering with the Metropolitan Business League (MBL) to help recruit existing small, women, and minority (SWaM) and immigrant-owned businesses to ­fill street-level vacancies in the area.

The new businesses will join many galleries, retailers, restaurants, and small businesses who already call Broad Street home, as well as businesses that attract thousands of out of town visitors annually like Quirk Hotel, Richmond Marriott, the Hilton Hotel, and the Convention Center. Gather, co-working space, has a location in the area. A popular neighborhood happening is RVA First Fridays Artwalk which is a monthly celebration of the arts and galleries along and around Broad St. This section of Broad Street is also a part of Richmond’s Arts District and adjacent to Jackson Ward, near the VCU Monroe Park Campus and the Institute of Contemporary Art (ICA) to the west and City and State offices and VCU Health to the east.

The criteria for eligibility includes the following:

  • Eligible once the business has moved into the space and opened for business by May 15, 2022.
  • Veri­fied 1-year minimum lease
  • Lease street-level space on Broad Street between Belvidere and 5th streets
  • New business to Downtown, not the relocation of an existing business in the General District/BID.
  • Existing businesses in the General District, who want to open an additional location on Broad Street.
  • Existing businesses located outside of the General District, who want to open another location/outpost on Broad Street.
  • Types of qualifying businesses include retailers, restaurants, makers, entrepreneurs, startups, and other creative businesses.
  • One $10,000 reimbursement grant per storefront, if a group of small businesses wanted to share space there would only be one grant available for the group.
  • Only eligible once
  • Availability based on ­first come fi­rst served

For more information or assistance, contact:

Micah White

Business Development Manager

The MBL

804-356-9298

mwhite@thembl.org

Lucy Meade

Director Economic Development & Community Relations

Venture Richmond, Inc.

804-248-8372

lmeade@venturerichmond.com