Virginia Enterprise Zone Job Creation Grant
Virginia Enterprise Zone Job Creation Grant
Virginia Department of Housing and Urban Development
ABOUT THE GRANT
Virginia Enterprise Zone Job Creation Grants incentivize businesses that bring jobs to areas falling within defined Enterprise Zones. Eligible companies may claim grants for up to 350 jobs per year and must create over four full-time jobs to qualify for a five-year grant period. Awards are per-employee and range-based on the salary offered, benchmarked against the federal minimum wage or the Virginia minimum wage, whichever is higher. For jobs providing 150% of the minimum wage, companies receive up to $500 per worker. Those offering 175% of the minimum wage get up to $800 annually per worker. In areas with high unemployment, companies can receive a defined grant of $500 for jobs paying 125% of minimum wage and $800 for jobs paying 175%.
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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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