The Loudoun County Road Renaming Business Assistance Program was designed to assist businesses impacted by the renaming of several streets and roads in Loudoun County. The program was open to for-profit and nonprofit businesses with a registered address on a street that has been or will be renamed at the direction of the Loudoun County Board of Supervisors. The program included a one-time grant and a sign reimbursement grant.
The application period for the grants closed December 1, 2023.
Yes. The IRS considers business grants as revenue for tax purposes. The money from the grant should be included when calculating the business’s taxable income. If your business receives funding and still operates at a loss this year, then it will not have a taxable income because it operated at a loss.
Submitted information will be used to determine the eligibility of the business applicant. Additional communication with Loudoun County Government staff will be to verify the information provided.
Information submitted for this grant becomes public record and subject to requests in accordance with the Freedom of Information Act. We cannot exclude anyone’s submitted information from that process.