Independent Analysis: RISE, PIVOT Programs Helped Small Businesses Survive Pandemic

RISE and PIVOT grant programs helped thousands of small businesses remain open, retain jobs and contribute to the county’s economic recovery.

In 2020, Fairfax County’s Department of Economic Initiatives rapidly established two relief programs:

The Relief Initiative to Support Employers (RISE), funded through the federal CARES Act

The PIVOT Recovery Grant Program, supported through the American Rescue Plan

The programs distributed nearly $70 million to more than 5,400 small businesses and nonprofit organizations across Fairfax County.

An evaluation by the George Mason University Center for Regional Analysis found that businesses receiving grants were more likely to remain in operation than comparable businesses that did not receive assistance. The study estimated that participation in the programs increased business survival rates by nearly 6%, even under conservative assumptions. Survey findings reinforce those results. Ninety-four percent of responding grant recipients reported they are still operating, and most said the funding improved their long-term business stability.

Beyond individual business outcomes, the programs also generated broader economic impact. The analysis estimates that grant-related spending boosted total economic activity in Fairfax County by produced $95.5 million, increased regional economic output by nearly $64 million and supported 572 jobs, with approximately $50 million in wages and benefits. All impacts are shown in 2021 dollars, consistent with the period when grant funds were distributed. 

The results reflect Fairfax County’s broader strategies on economic resilience, workforce support and long-term competitiveness.

 

More information:  Impact Analysis Summary | Press Release | Request Copy of Study | Questions