The Virginia Department of Veterans Services Announces launch of new V3 Employment Grant
The Virginia Department of Veterans Services announced today the launch of the new V3 Employment Grant, which recognizes Virginia employers that achieve goals for hiring and retaining veterans.
The grants will be awarded to companies that are part of the Virginia Values Veterans (V3) Program of the Virginia Department of Veterans Services. The V3 Program works to educate and train employers throughout the Commonwealth on the value veterans bring to Virginia’s workforce. Through the V3 Program, employers develop strategies to recruit, hire, and retain veterans, maximizing the productivity of their workforce. The 300+ V3 companies have pledged to hire over 12,000 veterans, with over 9,000 veterans already hired.
Targeted at companies with 300 or fewer employees, the new V3 Employment Grant is designed to increase participation in the V3 Program and encourage the hiring of talented and dedicated veterans. V3 employers may apply to the V3 Program for a $1,000 grant for each veteran that has been hired and retained for one year, up to a maximum of $10,000 per company per year. Veterans must have been out of the military for one year or less when hired, and must be paid at least the prevailing wage for the locality in which they work.
“This grant for V3-certified companies is a demonstration of the Commonwealth’s commitment to creating the New Virginia Economy by encouraging employers to hire veterans,” said John Newby, Commissioner of the Virginia Department of Veterans Services. “Veterans have the leadership skills, work ethic, and character that make them an invaluable asset to any business. Hiring veterans is one of the best business decisions Virginia companies can make.”
The grants are funded through a $500,000 appropriation approved by Governor McAuliffe and the 2015 General Assembly, and will be available on a first-come, first-served basis until available funds are exhausted.
V3 Employment Grant applications must be submitted through the V3 Program website at www.dvsv3.com.