Virginia Department of Business Assistance


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The Virginia Department of Business Assistance is the Commonwealth's economic development agency for entrepreneurs, existing businesses, financing programs, and workforce incentives. Check out upcoming small business workshops coming around Virginia at

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Virginia Department of Business Assistance

  1. 1. VIRGINIA DEPARTMENT OF BUSINESS ASSISTANCE OUR MISSION The mission of the Department of Business Assistance is to promote economic growth by helping Virginia businesses prosper. SERVICE TEAMS & PROGRAMS Business Information Services Entrepreneur Express Workshops Virginia Business Information Center Virginia Business One Stop One-on-One Business Builder Counseling Business Sales Growth Seminars Social Media Training Virginia Jobs Investment Program New Jobs Program Retraining How we support Virginia business: Small Business New Jobs Program The Virginia Department of Business Assistance (VDBA) provides highly effective economic development programs and services which contribute to Virginia Small Business Financing Virginia’s prosperity by creating new jobs, retaining existing jobs and generating additional revenues. The agency supports business expansion, formation and Authority recruitment efforts by providing the following programs and services: Industrial Development Bonds Entrepreneurial/Business Education and Assistance: Loan Guaranty Program Economic Development Loan Fund Educational programs and assistance (Entrepreneur Express, Growing Sales Child Care Financing Program Seminar, and Procurement Assistance Workshop) designed to assist Virginia Capital Access Program entrepreneurs and business owners with business formation and expansion. (VCAP) Business One Stop (BOS): Providing Access to Capital for An innovative, online service designed to accelerate business formation in Entrepreneurs Virginia. While the capabilities of this service are being expanded, Business One Stop currently provides specific licensing, permitting and registration requirements for many types of businesses and assist with partial completion of the necessary forms. Virginia Business Information Center (VBIC): This heavily utilized information resource for Virginia businesses provides personalized assistance by phone, email or live chat. VBIC counselors responds to questions, problems and inquiries about business formation, access to 851 French Moore Jr. Blvd financing and state government resources. Abingdon, VA 24210 Virginia Small Business Financing Authority (VSBFA): 276-676-3768 ph Virginia’s primary source for economic development financing programs supports business expansion, formation and recruitment by partnering with 1220 Bank Street private-sector lenders to provide financing for viable businesses. Richmond, VA 23219 804-371-8200 ph Virginia Jobs Investment Program (VJIP): The program offsets the recruitment and training costs for qualifying companies that are creating new jobs by providing: 1) funding incentives, and 2) customized consulting and organizational management services. VBIC - 1-866-248-8814