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Virginia Economic Development Incentive Grant

Virginia Economic Development Incentive Grant

Virginia Economic Development Partnership
LOCATION & INDUSTRIES
AMOUNT

Up to $1,000,000

OWNERSHIP REQUIREMENTS
DEADLINE

Rolling

ABOUT THE GRANT

Virginia Economic Development Incentive Grants are designed to attract competitive projects to Virginia. Projects must be significant, creating hundreds of jobs in Virginia by relocating headquarters, administrative, or service sector operations to Virginia. Depending on location and wages offered, companies must create between 200 and 400 jobs, ranging from 150 to 200 percent of the local prevailing wage, and meet minimum capital or job investment requirements. Award amounts vary and are calculated based on a return-on-investment analysis, jobs and wages, capital investment, regional unemployment and poverty figures, and more.

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NOTES

We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.

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