RICHMOND, VA (STL.News) Governor Ralph Northam today announced that six small businesses will receive a total of more than $1 million in funding and services through the 2021 RISE Coastal Community Resilience Challenge. The winners were selected from nearly 100 applications and will each receive a combination of a grant and a loan of up to $250,000 to advance and demonstrate innovative products that help coastal communities adapt to the impacts of sea level rise and flooding, including flood management and infrastructure, data analytics, protection of buildings, and re-establishing critical utilities.
“The RISE Coastal Community Resilience Challenge is one important way that Virginia is answering the call to address the growing challenge of extreme weather events, flooding, and sea level rise,” said Governor Northam. “This funding will provide a significant boost to the groundbreaking work of six innovative entrepreneurs focused on creating adaptive, scalable solutions that will ensure the viability, resiliency, and economic vitality of our coastal communities now and for future generations.”
In October 2020, Governor Northam unveiled the Virginia Coastal Resilience Master Planning Framework, which included a series of initiatives the Commonwealth will undertake to bolster Virginia’s resilience to sea level rise and natural hazards to limit the impact of flooding, extreme weather events, and wildfires.