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 the costs of opening or expanding a business facility within the Commonwealth.
The Commonwealth offers a variety of performance based incentives and financing programs, including:
- 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.