Danville Regional Foundation announces $10 million grant for entrepreneurship
July 27, 2012
The Danville Regional Foundation (DRF) recently announced a $10 million grant as part of its entrepreneur initiative to stimulate growth and innovation across Southern Virginia communities. DRF is an organization that focuses on improving education, economic stability, financial vitality and community wellness in localities along the Dan River.
"In today's global economy, regions have to create new competitive advantage every day," said DRF president and CEO Karl Stauber. "The focus of this grant is attracting and retaining serial entrepreneurs, people who will create multiple new businesses over time, hiring high-skilled, high-wage employees."
Stauber explains that projects like this will help Southern Virginia stay competitive over a long period of time in an increasingly global economy.
DRF made the grant to the Southside Business Technology Center (SBTC), which will work with the Danville Center of Economic Development to provide funds, entrepreneurship and growth opportunities for both local and regional applicants.
Grant hopefuls might be able to stand out from others in the pool of applicants when they create reports generating their financial needs and plans for how they will use the funds. A nonprofit fund accounting
program may help with these aims.