Virginia Economic Development Incentive Grant (Virginia)
Last modified on February 12, 2015.
|Applies to States or Provinces||Virginia|
|Name||Virginia Economic Development Incentive Grant (Virginia)|
|Policy Category||Financial Incentive|
|Policy Type||Grant Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Virginia Economic Development Partnership|
|Primary Website|| http://www.yesvirginia.org/WhyVirginia/Financial_Advantages/Business_Incentives.aspx
|Last Review|| 2014-09-15
The Virginia Economic Development Incentive Grant is a discretionary cash grant, designed to assist and encourage companies to invest and create new employment opportunities by locating significant headquarters, administrative or service sector operations in Virginia. The program requires a capital investment of at least $5 million or $6,500 per job (whichever is greater) and job creation thresholds ranging between 200-400 depending upon the locality.
|Department||Virginia Economic Development Partnership|
|Address||901 East Byrd Street|
|Address 2||P.O. Box 798|
|Phone|| (804) 545-5600