Virginia’s most valuable business incentive is its pro-business climate. In addition to this, the Commonwealth offers a range of incentives and services to encourage business growth and reduce costs of opening or expanding a business.
The Commonwealth offers these performance-based incentives and financing programs:
- Commonwealth Opportunity Fund – Grants awarded to localities on a matching basis to secure a business location or expansion for the State.
- VA Jobs Investment Program – Supports the creation of new jobs and investment by offsetting recruiting and training costs for new and expanding companies.
- VA Investment Partnership Grant – Designed to encourage continued capital investment by companies resulting in added capacity, modernization and increased productivity.
- Governor’s Agriculture and Forestry Industries Development Fund – Grants awarded to localities on a matching bases to grow agriculture and forestry industries.