Small Business Investment Forum (SBIF) Business Plan Competition

Q: When is the deadline for Small Business Investment Forum (SBIF) Business Plan Competition?

The funder has not published a deadline for this grant.

Q: Who is eligible for Small Business Investment Forum (SBIF) Business Plan Competition?

Eligible applicants: For-profit businesses; Located in the City of Martinsville or Henry County, Virginia.

Martinsville-Henry County Economic Development Corp

Foundation Annual Small Business Grants Grants for Startups Workforce Development Grants

Funding Amount

Over $10,000

Deadline

Deadline not published

Grant Type

Foundation

Deadline history & next window

Cycle: Annual
Tracked since: April 2026

Source: the cycle recorded on this listing. Confirm dates with the funder.

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Eligible organizations

For-profit businesses
Located in the City of Martinsville or Henry County, Virginia

Other requirements

Start-up businesses OR businesses less than 3 years old

Overview

Funder: Partnership of City of Martinsville, Martinsville-Henry County Chamber of Commerce, EDC, HD Web Studio, Patrick Henry Community College, and West Piedmont Business Development Center

Geographic Scope: City of Martinsville and Henry County, Virginia

Purpose: Encourage small business development and job creation through funding and support for new and young businesses.

Eligibility

For-profit businesses
Start-up businesses OR businesses less than 3 years old
Located in the City of Martinsville or Henry County, Virginia

What They Fund

Inventory purchases
Kitchen equipment
Technology and advertising
Marketing assistance
Business training classes
Free workspace
In-kind services

Award Details

Total Amount: Over $10,000 in grants and services (as of 2016)
Additional Benefits: One year of mentoring from funding partners
Recipients: 4 winners in 2016 competition
Cumulative: Over $88,000 awarded since program creation in 2008

Background

Annual competition with consistent funding
Provides mentoring and business services alongside grants
Committee chair: Retired banker Carolyn Shough
Focuses on start-ups and young businesses

Contact Information

Martinsville-Henry County Economic Development Corporation

Address: 191 Fayette St., Third Floor, PO Box 631, Martinsville, Virginia 24114
Phone: (276) 403-5940
Website: yesmartinsville.com

How to Apply

Application Process

Submit Business Plan
- Complete detailed business plan
- Include all required sections (see materials below)
Plan Review
- SBIF committee reviews submissions
- Plans evaluated for feasibility and impact
Selection and Award
- Winners selected by committee
- Awards announced
- One year of mentoring assigned to each winner

Required Materials

Comprehensive business plan
Business concept/overview
Market analysis
Financial projections
Management structure
Marketing strategy
Startup or expansion details

Additional Support

Mentoring from SBIF committee members (1 year)
Free business space
In-kind services
Access to training opportunities
Booth at Fast Track Trade Show (if applicable)

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What Martinsville-Henry County Economic Development Corp actually gave

Source: IRS Form 990, 2025

Grants in 2025: 5
Total given: $378K
Median grant: $20K
Range: $7,500–$183K

By dollars: Virginia 100%. Top recipient cities: Ridgeway, VA; Colinsville, VA; Martinsville, VA.
0% of grants with a stated purpose were for general or operating support.

Example grants

Press Glass · Ridgeway, VA

Lease commonwealth centre

$183K
Advanced Revert LLC · Ridgeway, VA

Building improvements

$150K
Martinsville International L · Ridgeway, VA

Speedway sponsorship

$20K
Henry County Parks & Rec · Colinsville, VA

Smith river fest; henry county fair

$18K
Rooster Walk · Martinsville, VA

Music festival

$7,500