Tuesday, March 20, 2018

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2017 SEED Grants Totaling $107,000 Awarded to Five East End Businesses

Five local businesses in Richmond’s East End received Supporting East End Entrepreneurship Development (SEED) grant awards today, totaling $107,000. Bon Secours and Virginia Local Initiatives Support Corporation (LISC) created the SEED program in 2011 as an economic development and job creation initiative for Richmond’s East End.

The SEED program provides grants to business owners who plan to open or expand a business within the city of Richmond, along the 25th Street and Nine Mile Road corridor. Today’s announcement, the sixth in program history, consisted of four first-time award recipients: a dance studio, neighborhood food shop, ice cream shop, and a landscaping and yard services business. These four first time winners join a hair salon that previously received a SEED award in 2015.

“The SEED program is an important initiative for Bon Secours. As a faith based, mission driven health care organization, our goal is to improve the overall health of our communities through health promotion, job creation, food access, education and affordable housing,” said Toni R. Ardabell, CEO, Bon Secours Virginia Health System. “SEED has been a catalyst for a new vibrancy in the neighborhood, creating jobs, enhancing quality of life, and drawing people from across the region to this historic district.”

Since the program’s inception, a total of $420,000 in SEED awards has helped 30 East End businesses take root in the community. For the past three years, Capital One has also been a supporter of the program.

“We at Virginia LISC have greatly enjoyed working with the SEED businesses – expanding and bringing increased investment into the Church Hill community,” said Candice Streett, executive director of Virginia LISC. “Services and amenities are vital to residents because neighborhoods are where jobs go to spend the night.”

Beyond the grant funding, Virginia LISC provides the SEED recipients with business planning and coaching to teach each business owner key strategies for how to run a successful business. Both Bon Secours and Capital One have provided funding beyond their grant donations to cover the cost of these critical business-mentoring services.

The 2017 SEED Blue Ribbon Panelists who selected the 2017 SEED recipients includes; Becky Clay Christensen, director community partnerships, Bon Secours Richmond Health System; Patricia Foster, director, Minority Business Development Department, City of Richmond; Killeen King, communications coordinator, Virginia LISC; John Murden, writer and photographer, Church Hill People’s News; Van Knick, managing director/market executive and head of middle market corporate banking, Capital One; Candice Streett, executive director, Virginia LISC; Barb Upchurch, business coach/consultant, The Apple Cart Company; and Albert Walker, director healthy communities, Bon Secours Richmond Health System.




About Bon Secours Richmond Health System

Bon Secours Richmond is part of Bon Secours Virginia, which provides compassionate medical care to thousands of Virginians through a network of hospitals, primary and specialty care practices, ambulatory care sites and continuing care facilities across the Commonwealth. The fourth largest and only faith-based health system in Virginia, Bon Secours Richmond is a Catholic health ministry that partners with the community to create a more humane world, build health and social justice and serve those who are vulnerable. Bon Secours Richmond provides nearly $130 million in community care through Medicare, Medicaid, charity care and other community benefits. As one of Richmond’s largest employers, the not-for-profit health system employs more than 9,000 people, including nearly 420 providers as part of the Bon Secours Medical Group. Bon Secours Richmond includes St. Mary’s Hospital, Memorial Regional Medical Center, Richmond Community Hospital, St. Francis Medical Center, Rappahannock General Hospital and Westchester Emergency Center. The Bon Secours Virginia Health Care Foundation raises charitable funds to help Bon Secours Virginia Health System address the community’s growing health care needs with compassion and excellence.

About Local Initiatives Support Corporation

Created by the Ford Foundation in 1979, LISC helps organizations transform distressed communities into healthy neighborhoods of choice and opportunity. By providing capital, technical expertise, training and information, LISC supports the development of local leadership and the creation of affordable housing, commercial, industrial and community facilities, businesses and jobs. Since 1990, Virginia LISC has raised $26.1 million locally, which we used to attract $428 million to invest in Virginia neighborhoods, creating more than 3,300 affordable homes and 300,000 square feet of commercial and community facilities space. To learn more, visit www.virginialisc.org.

About Capital One

Capital One Financial Corporation, headquartered in McLean, Virginia, is a Fortune 500 company with branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. Its subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One applies the same principles of innovation, collaboration and empowerment in its commitment to its communities across the country that it does in its business. Capital One recognizes that helping to build strong and healthy communities -- good places to work, good places to do business and good places to raise families -- benefits us all, and Capital One is proud to support this and other community initiatives.