Virginia offers a variety of performance-based incentives designed to target the needs of the company and the development plans of localities and the state. From tax credits to tax exemptions, Virginia continues to demonstrate its willingness to invest in those who invest and reinvest in the Commonwealth. Virginia incentives include:
Commonwealth Opportunity Fund (COF)
Governor’s Agriculture and Forestry Industries Development (AFID) Fund
Virginia Investment Partnership (VIP) Program
Virginia Jobs Investment Program (VJIP)
Virginia Small Business Financing Authority (VSBFA)
Virginia Enterprise Zone Program
Economic Development Access Program for Roads
Rail Industrial Access Program
Transportation Partnership Opportunity Fund
Statewide Tax Incentives
Virginia continues to demonstrate a willingness to invest in those who invest in the Commonwealth.
The Shenandoah Valley Partnership connects prospects with state and local government agencies to assure an incentive package tailored to the specific needs and requirements of each prospective project.
Local incentive packages are generally performance-based utilizing ROI analysis. Recent Shenandoah Valley incentive packages have included heavily discounted land sale prices, infrastructure development, workforce recruitment and training assistance, Enterprise Zone benefits, Technology Zone benefits, HUB Zone benefits, utility fee concessions and connection fee waivers, and expedited plan of development approval and permitting.
For additional information or assistance, contact the Shenandoah Valley Partnership 540-568-3100.