By Tim Ryan

In the dynamic heart of Norfolk’s entrepreneurial ecosystem, the City of Norfolk’s Department of Economic Development is thrilled to announce the latest chapter of the Capital Access Program (CAP), a pivotal initiative for entrepreneurs eager to ignite or expand their business dreams. As Innovate Hampton Roads (IHR), we are aligned with this mission, advocating to bridge financial gaps and elevate the aspirations of local business owners into tangible success.

CAP is designed as a vital lifeline, offering alternative and accessible financial support for those on the cusp of starting or growing their businesses. By addressing the challenges of accessing conventional financing sources, CAP stands as a cornerstone for businesses in need of “gap financing,” underlining our shared commitment to fostering a flourishing, innovative community.

This program is not merely financial; it’s a comprehensive platform for empowerment through mandatory educational workshops, ensuring participants are well-prepared for the competitive grant application process. With the grant portal opening soon and the application period closing on March 17th, now is the time for potential applicants to engage and capitalize on this opportunity.

IHR lauds CAP as a reflection of the resilience and innovation inherent to the Hampton Roads region. This initiative is a testament to our collective vision of nurturing a robust economic landscape rich in diversity and innovation. We encourage the community to explore this opportunity, dive into the wealth of resources provided, and participate in a movement towards a brighter, more inventive future for our region.

For those interested in embarking on this journey with CAP, further details and the path to application can be found on the Norfolk Development website. Let us move forward together, harnessing this chance to sculpt a thriving, innovative Hampton Roads.

Explore CAP and seize the opportunity.