RICHMOND, Va. — Gov. Terry McAuliffe is announcing a new federal grant designed to help entrepreneurs in the state’s southeast.
McAuliffe said Tuesday that the U.S. Department of Commerce had awarded $500,000 to 757 Accelerate, a business incubator.
757 Accelerate is a three-month project designed to help pair startups with mentors and investors.
McAuliffe’s office said 757 Accelerate was one of 27 successful applications out of more than 200.