Location Benefits

State Incentives*

 

Financial Assistance:
Small Business Environmental Compliance Assistance Fund Virgina Defense Conversion Revolving Loan Fund Industrial Development Bonds Virginia Small Business Financing Authority Virginia Economic Development Revolving Loan Fund	Loan Guaranty Program Virginia Investment Partnership Grant Fund Export Financing Assistance Program Child Day Care Financing Program Governor's Opportunity Fund Community Development Block Grants Solar Photovoltaic Manufacturing Grants

 

Infrastructure Development Grants:

• Industrial Access Road Program
• Rail Industrial Access Program
• Foreign Trade Zones

 

Customized Workforce Training:

• Workforce services including consulting, video production, and funding of training
• Regional Workforce Development Initiative: wage and skills survey, Workforce Development Center

 

Tax Credits and Exemptions:

Major Business Facility Job Tax Credit Recycling Equipment Tax Credit Enterprise Zone Tax Credits Sales and Use Tax Exemptions

Day Care Facility Investment Tax Credit Worker Retraining Tax Credit Technology Zone Tax Credits

 

Technical Support Programs:

• Virginia's Center for Innovative Technology
• Global Market Research Program
• Small Business Development Centers
• Technical Assistance Centers
• Virginia Leaders in Export Trade (VALET)

 

*Note:    The Program is presently under review by State Legislature for possible extension or revision.  Please contact the Virginia Department of Housing and Community Development for information on Enterprise Zone status.