Virginia Jobs Investment Program
Virginia Economic Development Partnership
About the Grant
The Virginia Jobs Investment Program (VJIP) is a discretionary incentive that provides funding and services to qualifying companies to support new job creation or upskilling in conjunction with new or expanding operations. The cash grant and accompanying services are intended to offset a company’s recruitment and training costs.
The funding for each net new, full-time job created or full-time employee retrained is based on a customized budget determined by an assessment of the company’s recruiting and training activities, as well as the project’s expected benefit to the Commonwealth. The final budget and proposal are approved in advance of the project by the Secretary of Commerce and Trade.
VJIP support is typically for a 36-month period. Companies can be reimbursed 90 days after the new employee is hired (for new jobs programs) or after the retraining activity is complete (for retraining programs).
Notes
Related Grants
Fairview URA Grant Program
City of Salem
The City of Salem offers a matching grant program in the Fairview Urban Renewal Area (URA) to support businesses in constructing new buildings, adding to existing structures, or investing in permanent manufacturing equipment and related building improvements. This program is designed to encourage economic growth and enhance business operations within the district. By providing financial support, the program helps reduce the cost burden of construction and equipment investments, making it easier for businesses to grow. For property owners and business tenants, this program offers an opportunity to modernize facilities and improve productivity, benefiting both individual businesses and the community as a whole.
Athens Business Marketing Grant
Athens Downtown Development Authority
The Athens Downtown Development Authority (ADDA) Business Marketing Grant Program is intended to incentivize economic development by encouraging investment in brand development and online marketing. This grant supports funding for branding strategies; logo design; web design and development; e-commerce; and online/social media marketing optimization. The program will offer a 50% matching grant up to $5,000 for reimbursement. Improvements must contribute to the overall value of downtown business and investments.
WI International Market Access Grant
Wisconsin Economic Development Corporation
Wisconsin companies can be reimbursed for specific expenses associated with a short-term export development project that will help to grow their presence in an international market. This grant program is tiered to provide a base amount of support (up to $10,000 per application, limited to three total grants per company), with a higher level of support (up to $30,000 per application, limited to six total grants per company) available for companies that have completed ExporTech.
The Wish Local Empowerment Program
Wish
The Wish Local Empowerment Program, funded by the e-commerce brand Wish, is designed to support Black-owned small businesses. With a $2 million fund, the program offers financial assistance between $500 and $2,000 to around 4,000 Wish Local partners. To qualify, businesses must be Black-owned, have 20 or fewer employees, and earn under $1 million annually. Recipients will also gain access to Wish Local's consumer base through various partnership opportunities.
Vermont Training Program
Vermont ACCD
For over 30 years, the Vermont Training Program (VTP) has partnered with employers of all sizes and training providers to prepare Vermont's employees for the jobs of tomorrow. VTP provides performance-based workforce grants for pre-employment training, training for new hires, and training for incumbent workers. This training can either be on-site or offered through an outside provider. VTP grants may cover up to 50% of the training cost. The program also works with eligible employers to introduce manufacturers and other regionally significant employers to Vermont students at every level. Employers who provide work-based learning programs or activities developed in partnership with a school or educational program may apply to VTP for a grant to offset the costs of providing these programs. This work supports several different types of training, but the most requested programs are for advanced manufacturing skills like Lean Technology, Computer-Aided Design, and Computer Numerical Control machining. Supervisory and management training are also popular.