Virginia Enterprise Zone Program, 2019 Qualification Year
Summary
A report on the Virginia Enterprise Zone (VEZ) program with a 2019 Qualification Year Snapshot, program overview, and sections on the Real Property Investment Grant and the Job Creation Grant. It states that the VEZ is a partnership between the Commonwealth of Virginia and local governments to incentivize job creation and real property investment, and that it was originally established as a tax credit program in 1982. According to the report, the General Assembly passed the Enterprise Zone Grant Act in 2005, replacing the former tax credit incentives with the Real Property Investment Grant (RPIG) and the Job Creation Grant (JCG). Appendices cover zone highlights, state incentive usage by zone, local incentives, an enterprise zone map and high unemployment areas.
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“Virginia Enterprise Zone Program, 2019 Qualification Year.”
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Table of Contents
2019 Qualification Year Snapshot...............................................................................3
Enterprise Zone Program Overview: .......................................................................... 4
Enterprise Zone Grant 2019 Summary ...................................................................... 4
The Real Property Investment Grant ......................................................................... 5
The Job Creation Grant ............................................................................................. 5
2019 Real Property Investment Grant Overview ........................................................ 8
Applications by Property End Use............................................................................ 10
Applications by Construction Project Type............................................................... 11
Applications by Qualified Zone Investors ................................................................. 13
2019 Job Creation Grant Overview .......................................................................... 14
JCG Payouts by Wage Rates .................................................................................. 15
Job Creation Grants by Sector ................................................................................. 17
Local Enterprise Zones ............................................................................................ 18
Appendix A: Zone Highlights .................................................................................... 20
Appendix B: State Incentive Usage by Zone, 2015-2019......................................... 26
Appendix C: Local Incentives ................................................................................... 29
Appendix D: Enterprise Zone Map ........................................................................... 37
Appendix E: High Unemployment Areas .................................................................. 38
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Enterprise Zone Program Overview:
The Virginia Enterprise Zone (VEZ) program is a partnership between the Commonwealth of Virginia and local governments designed to
incentivize job creation and real property investment. The goal of the program is to promote local and regional economic development and
revitalization, particularly in areas that are (or were in the past) considered “economically distressed.” The VEZ was originally established as a tax
credit program in 1982. In 2005, the General Assembly passed the Enterprise Zone Grant Act, which replaced the former tax credit incentives with
the Real Property Investment Grant (RPIG) and the Job Creation Grant (JCG). These grants are performance-based, requiring firms to create jobs
meeting specific requirements and/or place a real property investment into service before applying for grant awards. The 2005 Act allowed pre-
qualified firms to continue accessing the former General Income and Investment Tax Credit incentives. The tax credit program officially concluded
in 2019. When used in conjunction with other local, state and federal programs, Enterprise Zone incentives can leverage substantial private sector
investment for economic development in localities across the commonwealth. The commonwealth’s 45 Enterprise Zones encompass
approximately 245 square miles, and include boundaries in 20 cities, 34 counties, and 12 towns within those counties.
Enterprise Zone Grant 2019 Summary
Table 1: Enterprise Zone Grant 2019 Summary
Total Funds Available: $14,500,000
RPIG JCG Total
Funds Requested $13,788,160 $2,927,324 $16,715,484
Funds Disbursed $11,572,676 $2,927,324 $14,500,000
Number of Grants Issued 156 54 210
Number of Entities* 139 54 193
Proration (RPIG Only) $0.84 N/A $0.84
Jobs Created N/A 3,829 3,829
Investment Leveraged $281,668,333 N/A $281,668,333
Average QRPI Per RPIG $1,805,566 N/A $1,805,566
Grant
*Unique businesses and/or investors receiving grants
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The Real Property Investment Grant
The RPIG provides grants to offset “hard” construction costs, referred to as Qualified Real Property Investments (QRPI), invested by property
owners/developers for properties being constructed, expanded, and/or rehabilitated in Enterprise Zones. For QPRI of less than $5 million, the
program provides grants for up to 20% (not to exceed $100,000 within a five-consecutive-year period) of the total amount of QRPI in a building or
facility. For QRPI of $5 million or more, grants of up to 20% per building or facility can be requested, up to $200,000. For rehabilitation and
expansion projects, a Zone investor must invest at least $100,000 in QRPI to be considered eligible for the RPIG. New construction projects
require Zone investors spend at least $500,000 in order to qualify for the RPIG grant. The grant award is based on the amount of investment made
in excess of the $100,000 and $500,000 eligibility thresholds for rehabilitation and new construction, respectively. It is important to note that,
because the number of Enterprise Zones currently exceeds what the program is funded for, grants may be awarded on a pro-rated basis. In 2019,
RPIG requests were awarded at a rate of $0.84 on the dollar. Table 2 shows an example of how grant requests under the RPIG are calculated.
Table 2: RPIG Grant Threshold and Award Example
Total Grant-Eligible Grant Grant Example Grant
Type Investment Threshold
Funds* Rate Request Proration Award*
New
$1,000,000 $500,000 $500,000 20% $100,000 $0.85 $85,000
Construction
Rehab/Expansion $500,000 $100,000 $400,000 20% $80,000 $0.85 $68,000
*Must meet all program requirements to be considered
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The Job Creation Grant
The JCG provides grants to incentivize the creation of full-time jobs with health benefits that pay well above minimum wage in Enterprise Zones.
Qualifying businesses can receive up to $800 for each net new, permanent, full-time position created above a baseline four-position threshold for
a maximum five-year period. Eligible firms can receive grants for up to 350 new positions created per year for a maximum of five years. Retail,
food and beverage, personal service, and nonprofit positions are not eligible for the JCG. Eligible firms in High Unemployment Areas (HUAs) can
receive JCGs of $500 per job created meeting program requirements at a reduced wage threshold of 150% of the federal minimum wage ($7.25
per hour in 2019). HUAs are localities with unemployment rates that are equal to or more than 150% of the state average unemployment. A list of
the HUA zones for the 2019 Qualification Year (QY) is included in Appendix E. Qualifying positions paying at least 175% of the federal minimum
wage are eligible for a grant of $500 per new position created, and qualifying positions paying at least 200% of the federal minimum wage are
eligible for a grant of up to $800 per position created, as Table 3 shows:
Table 3: JCG Grant Wage Thresholds & Awards
Eligibility % of Minimum Wage Hourly Pay Minimum Grant Award per Job*
HUAs 150% $10.88 $500.00
All Other EZs 175% $12.69 $500.00
Max 200% $14.50 $800.00
*Jobs above the four-job minimum threshold meeting all other program requirements
In 2019, the total funds available for the VEZ program was
Figure 1: Share of Grant Funds Disbursed by Program, 2019
$14,500,000, as Table 3 shows. Total requests for funding exceeded
that amount by just over $2.2 million. Overall, 210 grants were issued
to 193 unique investors and businesses. Because of the high number
of grant requests, proration for the RPIG for 2019 was $0.84 on the
dollar. There were 3,829 jobs awarded JCGs in 2019. Nearly $282
million in QRPI was leveraged to receive RPIGs, with the average
QRPI per grant issued being just over $1.8 million. Figure 1 shows the
approximate percentage of total grant funds disbursed by grant
program type in 2019.
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Figure 2: Enterprise Zone Funding Shortfall/Surplus History, 2010-19
Figure 2 illustrates the difference between allocations and requests for VEZ grants over the last 10 years. The last year that a funding surplus
existed was in 2011, when $1.5 million remained after grants were disbursed. The largest shortfall over the last decade occurred in 2015, when
there was approximately $4.7 million more funds requested than disbursed. This required a proration of $0.67 on the dollar for grants disbursed.
Due to the higher program funding in 2019 of $14,500,000, and the lower number of grants issues (223 grants were issued in 2018, compared to
210 in 2019), the shortfall was lower in 2019 than it had been in the five previous years. Based on this data, it is evident that there is and has been
a high level of interest/participation in the VEZ grant programs and demand for the program has been higher than funding in recent years.
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2019 Real Property Investment Grant Overview
Table 4: RPIG Proration by Grant Year 2015-19
Year 2015 2016 2017 2018 2019
Surplus/Shortfall -$4,671,430 -$3,878,710 -$4,571,915 -$3,696,572 -$2,215,484
Appropriation $12,071,157 $12,650,000 $12,814,467 $13,500,000 $14,500,000
Grant Requests $16,742,587 $16,528,710 $17,386,382 $17,196,572 $16,715,484
Proration $0.67 $0.74 $0.70 $0.75 $0.84
As Table 4 illustrates, proration for the RPIG has varied over the past five grant cycles, with the lowest being $0.67 on the dollar in 2015, and the
highest being $0.84 on the dollar in 2019. This demonstrates that demand for RPIGs and JCGs has exceeded funding levels for the past five
years in a row.
Table 5: Percentage of Funds Awarded and Application Count by QRPI Ranges, 2015-19
2015 2016 2017 2018 2019
QRPI Amount
% # % # % # % # % #
$100,000-$499,999 14.2% 49 12.2% 44 12.9% 45 15.3% 53 19.2% 56
$500,000-$999,000 25.5% 44 29.7% 51 39.2% 64 40.5% 63 27.0% 42
$1 million-$2 million 19.3% 27 26.9% 42 20.8% 33 19.7% 30 14.9% 22
$2 million-$5 million 8.9% 14 8.1% 12 6.6% 10 4.8% 7 11.4% 17
$5 million-$10 million 27.9% 20 19.0% 14 19.7% 15 18.3% 14 21.8% 15
$10 million + 4.3% 3 4.1% 3 0.8% 1 1.4% 1 5.8% 4
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Figure 3: Percentage of Funds Awarded and Application Count by QRPI Ranges, 2015-19:
Over the last five years, the RPIG program has awarded grants to zone investors who have made investments in VEZ properties in widely varying
amounts, ranging from $100,000 (the “floor” for qualifying for an RPIG for rehabilitation of an existing structure or structures) up to $10 million and
above. Qualification Year 2019 saw a wide variation in levels of investments across Zones and investors, from a $20,000,000 investment in a new
industrial facility in the City of Richmond to a $127,000 investment in the rehabilitation of a small commercial property in Waynesboro. As Table 4
and Figure 3 show, the largest share of investments leveraged for RPIG funding in 2019, 27%, were made in the $500,000-999,000 range, which
was also the most common investment range by zone investors awarded RPIGs over the past five years. The second largest-share of investments
was significantly more; nearly 22% of investments leveraged for RPIG funding in 2019 fell within the $5 million to $10 million range. Unsurprisingly,
investments exceeding $10 million made up the smallest percentage of applications receiving RPIGs over the years, but that level of investment
experienced a slight uptick between 2018 and 2019.
Since the grant programs were created in 2005, the majority of VEZ funds have been utilized for RPIG awards. However, beginning with QY 2010,
JCG applications were given funding priority. JCG awards are funded at 100%, and then the remaining funds are prorated, if necessary, among
qualifying RPIG applicants. The demand for RPIG awards has consistently outweighed the demand for JCGs over the last decade with the ratio of
RPIG to JCG requests ranging from $3.62 in RPIG requests for every $1 in JCG requests in 2010 to $8.22 for every $1 in JCG requests in 2016.
In 2019, the ratio of RPIG to JCG requests was $4.71 in RPIG requests for every $1 in JCG requests.
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Top RPIG Grantees by QRPI in 2019:
• Richmond Industrial Investor Holdings, LLC of Richmond invested over $20 million in QRPI.
• Soy sauce manufacturer San-J International invested more than $15 million in QRPI in Henrico County to expand their production facility.
• Brooks Crossing II, LLC of Newport News invested just over $14 million in the new Brooks Crossing Innovation and Opportunity Center.
• Blue Ridge Knives invested over $10 million in QRPI in their Smyth County facility.
• Tabani Holdings VA, LLC received an RPIG for investing over $8.5 million in the new Element Hotel in the City of Hampton in 2019
Applications by Property End Use
Figure 4: RPIG Applications by Property End Use, 2015-2019
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RPIG funding is only available for investments made to commercial, industrial, or mixed-use properties (where a minimum of 30% of the useable
floor space is devoted to commercial, office, or industrial use) in Enterprise Zones. Retail and office properties are considered to be commercial
properties for the purposes of the RPIG. As illustrated in Figure 4, commercial projects have consistently made up the largest share (more than
70%) of RPIG applications over the last five grant cycles. A slightly larger share of RPIGs (11.5%) were awarded for industrial properties in 2019
than in 2018 or 2017. In 2019, 122 RPIGs were awarded for commercial uses, followed by 18 for industrial uses and 16 for mixed-use
developments.
The projects with the highest average QRPI were industrial use projects, with an average QRPI of $3,848,812, followed by commercial projects,
with an average QRPI of $1,560,581, and mixed use projects, with an average QRPI of $1,374,928. It is therefore unsurprising that average grant
awards by property end use in 2019 were highest for industrial uses, with an average award of $96,791. Grants for mixed-use properties averaged
out to $76,259 per award, and commercial uses had the lowest average grant amount, $70,576, due to the high number of awards in that
category, and the wide range of QRPIs invested to leverage grant funding.
Applications by Construction Project Type
Figure 5: RPIG Applications by Project Type, 2015-2019
Property improvements eligible for RPIGs include new construction, rehabilitation of an existing building or facility, or expansion of an existing
building or facility. Figure 5 shows the share of RPIG awards by type of property improvement over the last five grant cycles. The largest share of
grants awarded over the last five years were consistently for rehabilitation investments, followed by new construction, with the smallest share of
awards being made to investors who were expanding existing buildings/facilities. The high number of rehabilitation project demonstrates the
revitalization goals of the program are being fulfilled.
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In 2019, 70% of awards were for investments in building/facility rehabilitation, followed by 22% for investments in new construction, and 8% for
investments in building/facility expansion. There are multiple factors contributing to why rehabilitations of commercial spaces make up the bulk of
RPIG awards. Many Enterprise Zones encompass downtown areas and commercial corridors, and see a significant number of smaller and mid-
scale commercial rehabilitation projects for retail, restaurants, office space or other commercial uses. Other programs and incentives in those
areas, such as the Virginia Main Street program or local rehabilitation tax incentives, may encourage rehabilitation and adaptive reuse over
demolition/new construction. For the 2019 grant cycle, unsurprisingly, the average QRPI was highest for new construction, at $3.8 million, followed
by expansion at $2.8 million, and rehabilitation at just below $1.1 million. The average award by property improvement type followed the same
trend: the average RPIG for new construction projects was $106,442, the average RPIG for expansion was $80,942, and the average RPIG for
rehabilitation was $63,082.
Figure 6: Average Grant by Property Improvement and Use, 2019
In 2019, the highest average RPIG was awarded for the expansion of industrial buildings/facilities, with an average grant of $118,913 for those
projects, as Figure 6 shows. The lowest average RPIG was awarded for commercial rehabilitations, with an average grant of $58,128. As
previously noted, grants for smaller-scale commercial rehabilitations make up the bulk of RPIGs awarded in Enterprise Zones, which tend to have
both lower QRPIs and therefore lower grant awards. No grants were awarded for mixed-use expansion projects in 2019.
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Applications by Qualified Zone Investors
Figure 8: Application by Type of Zone Investor, 2015-2019
“Qualified Zone Investors” include property owners (occupant or non-occupant), owners of space within a
larger building or facility (condominium), tenants leasing space and capitalizing any improvements made to
that space, and developers capitalizing their investment before the property is sold. As Figure 8 shows, non-
occupant property owners have been the most common type of qualified zone investor over the last five years,
followed by owner-occupants, tenants improving leased space and developers. Because the VEZ program
requires that investors capitalize/expense their investment in order to qualify for RPIGs, the program is not
open to developers who will not be expensing/capitalizing hard cost real property investments, which is one
reason why the percentage of developers making up total qualified zone investors tends to be lower.
Solar Expansion Project in Staunton
In 2019, VEZ funding was increased to accommodate solar expansion as an eligible qualifying expense
with RPIG investments. BSC Holdings LLC invested more than $866,000 in rehabilitating, expanding and
adding rooftop solar panels to the Historic Stratton Building in Staunton, a historic building that is now
downtown office space.
Figure 7: The Historic Stratton Building,
Downtown Staunton. Photo Courtesy the city
of Staunton.
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2019 Job Creation Grant Overview
Table 6: Job Creation Grant Summary, 2015-19
2015 2016 2017 2018 2019
Qualified Businesses 58 63 48 55 54
Jobs Created (PFTPs) 1,280 881 1,497 2,108 1,519
Total Awards $2,738,137 $1,791,829 $2,161,632 $2,696,732 $2,927,324
Award per Job Created $2,139.17 $2,033.86 $1,443.98 $1,279.28 $1,926.58
Average New Jobs per Firm 22 14 31 38 28
Total Qualified Jobs 4,752 3,049 3,443 4,543 4,676
Average Qualified Jobs per Firm 82 48 72 83 87
Figure 9: Qualified JCG Businesses & Jobs Created, 2015-2019
DHCD awarded 54 qualified businesses a total of $2,927,324 in JCGs in 2019, an increase of nearly $231,000 from 2018, as Table 6 shows. JCG
requests represent 17.5% of funds requested through the VEZ program, and approximately 20% of awarded funds. Figure 9 shows the five-year
trends in qualified businesses applying for JCGs and corresponding job creation.
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Over the five-year period, job creation peaked in QY 2018. Three companies applied for the maximum number of positions (350) eligible for
awards under the JCG program 350, and several existing firms already receiving JCGs expanded in the Cities of Hampton, Newport News,
Richmond and Lynchburg, and Prince George County. 2019 was the second-highest year for new jobs created by eligible firms, and had the
highest total awards since 2015. Once again, firms in the Cities of Richmond, Hampton, and Newport News were top job creators, along with firms
in the City of Norfolk and Prince George County.
Top JCG Job Creators, 2019:
• CoStar Realty Information, Inc. created more than 700 net new jobs in Richmond for which they received JCGs.
• Wisconsin Physicians Service Insurance Corporation created over 500 net new jobs for the City of Hampton.
• BAE Systems Norfolk Ship Repair, Inc. created over 300 net new jobs in the City of Norfolk in 2019.
• Vitesco Technologies USA, LLC of Newport News created just under 300 net new jobs in the City’s Enterprise Zone.
• Owens & Minor Medical, Inc. created more than 280 net new jobs for the City of Richmond.
JCG Payouts by Wage Rates
Figure 10: JCG Payout by Wage Rates, 2015-2019
As previously noted, JCG award amounts are based on wage rates for new positions created by grant-eligible firms. For new positions created by
eligible businesses in HUAs, an award of $500 per position is available for employees earning between 150% and 199% of federal minimum
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wage, and can receive a higher grant amount for paying over 200% of minimum wage. For all other areas outside of HUAs, businesses must pay
at least 175% of federal minimum wage, and can also receive a higher grant award for paying over 200% of minimum wage. In 2019, as Figure 10
shows, 1% of total jobs in HUA localities (45 jobs) were given $500 grant awards for exceeding 150% of minimum wage, 11% of the total (409
jobs) were awarded $500 grants for meeting or exceeding 175% of federal minimum wage, and 88% of the total (3,376 jobs) were awarded $800
grants for jobs meeting or exceeding 200% of minimum wage. Similar shares were awarded in previous years, with the majority of grants being
awarded at the 200% threshold level, with less than 10% of jobs being awarded at the 150% level.
QY 2019 was the ninth grant cycle that localities could be classified as a HUA. Nine localities (17%) of the 54 designated localities (not including
towns within these counties) were designated as HUAs for QY 2019. Table 7 shows the 2019 list of HUA localities. Of all eligible jobs created by
businesses in HUA localities, only 16% of those positions were granted at the lowest wage threshold of 150-174%. Appendix E shows complete
list of QY 2019 HUA Zones.
Table 7: Qualifying Firms in HUA Localities
Qualifying Total Awarded Jobs Percentage of Jobs
GY 2019
Businesses Awarded Jobs at 150% Qualifying at 150%
Dickenson County 0 N/A N/A N/A
City of Covington 0 N/A N/A N/A
City of Danville 4 53.9 0 0.0%
City of Hopewell 1 82.8 0 0.0%
City of Martinsville 0 N/A N/A N/A
Northampton County 0 N/A N/A N/A
City of Petersburg 0 N/A N/A N/A
City of Portsmouth* 1 36.2 N/A 0.0%
Tazewell County 1 16.0 4.56 28.5%
Wise County 0 N/A N/A N/A
Smyth (Saltville, Chilhowie)* 1 85.9 40 46.6%
Totals 8 274.8 44.6 16.2%
*Table includes jobs still qualifying within the 5-year grant period in previous HUAs no longer designated as such
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Job Creation Grants by Sector
Figure 11: 2019 Job Creation Grants by Sector
The industry sector of each entity receiving JCGs is tracked using the North American Industry Classification System (NAICS) codes. As with
previous grant cycles, the largest share of qualified firms in QY 2019 were manufacturers (NAICS 300), representing 46% of all grantees. In 2019,
professional and scientific services (NAICS 541) made up the second-largest share of JCG grantees, as Figure 11 and Table 8 show. None of the
qualifying firms fell under utilities (NAICS 221) or management of companies and enterprises (NAICS 551).
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Table 8: Qualified Firms by Industry Sector, 2015-19
2015 2016 2017 2018 2019
Industry
# % # % # % # % # %
Construction 0 0% 3 5% 2 4% 3 5% 5 9%
Health Care/Social Assistance 2 3% 3 5% 0 0% 0 0% 1 2%
Information 1 2% 1 2% 0 0% 1 2% 1 2%
Manufacturing 37 64% 36 57% 24 50% 26 47% 25 46%
Other Services* 0 0% 2 3% 7 15% 8 15% 0 0%
Professional/Scientific Services 10 17% 12 19% 10 21% 10 18% 7 13%
Transport/Warehousing 2 3% 1 2% 0 0% 0 0% 0 0%
Wholesale Trade 3 5% 1 2% 2 4% 4 7% 5 9%
Admin. & Support; Waste Mgmt. &
2 3% 3 5% 3 6% 2 4% 2 4%
Remediation
Utilities 0 0% 0 0% 0 0% 0 0% 0 0%
Accommodations and Food
1 2% 1 2% 0 0% 1 2% 1 2%
Service
Management of Companies and
0 0% 0 0% 0 0% 0 0% 0 0%
Enterprises
Finance and Insurance 0 0% 0 0% 0 0 0 0% 6 11%
Real Estate and Rental and
0 0% 0 0% 0 0 0 0% 1 2%
Leasing
Total 58 100% 63 100% 48 100% 55 100% 54 100%
* Activities 522 and 531 grouped into Other Services
Local Enterprise Zones
As previously noted, the Commonwealth has 45 Enterprise Zones encompassing approximately 245 square miles. These zones are located in 20
cities, 34 counties and 12 towns within those counties. During QY 2019, 17 of the 45 were joint zones (including pre-2005 zones designated as
joint zones between counties and towns), and 12 localities had two Enterprise Zone designations.
Unless noted otherwise, all data used in this report is generated from the Enterprise Zone Administration Database and is based on information
reported by Local Zone Administrators (LZAs), businesses, and investors on the incentive applications.
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The following sections of the annual report are a series of appendices that provide the details of how our local partners are contributing to the
success of the program.
• Appendix A: Zone Highlights
• Appendix B: State Incentive Usage by Zone, 2015-2019
• Appendix C: Report on Local Incentives
• Appendix D: Enterprise Zone Maps
• Appendix E: 2019 High Unemployment Areas
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Appendix A: Zone Highlights
Accomack County - Northampton County
• A total of 48 new businesses opened in Accomack County in 2019, creating an estimated 185 net new jobs. In Northampton County,
Coastal Precast Systems acquired the Bayshore Concrete Products building and has begun re-hiring former Bayshore staff.
Alleghany County – Clifton Forge (Town) – Covington (City)
• In 2019, Schaefer Rolls invested nearly $2,772,000 in building a new plant in Alleghany County, and received an RPIG for investing
nearly $1.2 million in qualified funds. In the city of Covington, Wright Way Motors invested almost $479,000 in qualified funds to receive
an RPIG to rehabilitate their current facility.
Bedford (Town)
• Eight new businesses opened in Bedford’s
Enterprise Zone in 2019, all in the downtown
area, adding an estimated 10 new jobs.
Bristol
• Bristol’s Enterprise Zone received nearly $3.4
million in private investment in 2019,
concentrated in manufacturing and mixed-use
development, creating an estimated 83 jobs in
the zone.
Brunswick County - Mecklenburg County
• In 2019, 14 new businesses opened in
Mecklenburg County, and one expanded, adding Figure 12: The Kyocera SGS Tech Hub. Photo Courtesy: City of Danville Economic Development
an estimated 30 net new jobs in their Enterprise
Zone.
Danville (City) – Pittsylvania County
• Danville had a high level of activity in their Enterprise Zones in 2019, with six new businesses opening up, creating an estimated 560 new
jobs. The Kyocera SGS Tech Hub held its highly anticipated grand opening. Morgan Olson, a step van manufacturer, announced plans to
take over the former IKEA warehouse space in Pittsylvania County’s Enterprise Zone.
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Emporia (City) – Greensville County
• A new Family Fare convenience store invested over $1 million in qualified funds to receive an RPIG to build a new store in Emporia in
2019.
Franklin (City) – Southampton County – Isle of Wight County
• The city of Franklin’s Enterprise Zone also had a busy 2019. Twenty-one new businesses opened, leveraging over $627,000 in private
investment and creating an estimated 44 new jobs. Southampton County also saw new business activity and expansion, including a hemp
farming operation and a local butcher shop. In Isle of Wight’s Zone, M&M Milling, an agricultural milling operation, announced plans to
establish its first East Coast facility in the county.
Halifax County
• Five new businesses opened in Halifax County’s Enterprise Zone in 2019, and nine expanded. In South Boston, the Imperial Lofts, an
adaptive reuse project converting an historic tobacco warehouse into a mixed-use development, leveraged nearly $823,000 in qualified
investment funds to receive an RPIG in 2019.
Hampton (City)
• Two new hotels opened in Coliseum Central, aided by
RPIG grants and nearly $3.6 million in performance
grants from the Hampton Economic Development
Authority. Despite several closures, the city gained
over 400 net new jobs as a result of business
development and expansion.
Henrico County
• Henrico County’s Enterprise Zone saw significant
investment in manufacturing, retail, and mixed use
development and expansion in 2019, including a $5
million investment in qualified funds by San-J
International to expand an existing production facility,
for which they received RPIG funding, and an ongoing Figure 13: Coach's Restaurant. Photo Courtesy: City of Martinsville
shopping center redevelopment that is converting a
traditional shopping center into a mixed-use, urban live-work center.
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Henry County – Martinsville (City)
• Henry County’s manufacturing sector grew significantly in 2019, with an estimated $5.6 million in investment, which included two different
furniture companies. Several adaptive reuse projects were initiated or completed in the city of Martinsville in 2019, including Uptown
Pinball, a retro-style arcade that draws a regional crowd. Coach’s, a North
Carolina-based restaurant chain, opened their first Martinsville location with the
help of an RPIG.
Lynchburg
• Multiple projects in the city of Lynchburg’s Zone received RPIG awards in 2019,
including 801 Church Street, a building built in 1877 that was converted into loft
apartments with the help of an RPIG, and a 1950s-era packing shed that
became the headquarters for Lynchburg Grows’ community supported
agriculture operation.
Figure 14: 801 Church Street. Photo Courtesy: City of Lynchburg
Figure 15: Lynchburg Grows’ new headquarters. Photo Courtesy: City of
Lynchburg.
Newport News (City)
• The city of Newport News’s Zone also had a busy 2019, particularly in the retail and manufacturing sectors. Governor Ralph Northam
attended the opening of the Brooks Crossing Innovation & Opportunity Center, a partnership between Newport News Shipbuilding, Old
Dominion University, and the City of Newport News that received a RPIG after investing more than $14 million in qualified funds.
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Norfolk (City)
• In Norfolk’s Enterprise Zone, significant development and expansion activity in the retail and manufacturing sectors occurred in 2019,
particularly in the shipbuilding and logistics industries, with over $15 million in investment in new construction, rehabilitation, and
expansion projects in the Zone.
Northern Neck Zone (Counties of Lancaster,
Northumberland, Richmond, Westmoreland and towns of
Warsaw and Kilmarnock)
• The Callao Downtown Revitalization Project in Northumberland
continued in 2019, with several local businesses receiving grants
and loans from other agencies for façade improvements and
other upgrades. In total, Northumberland’s zone saw nearly
$647,000 in private investment in 2019.
Petersburg (City)
• Several businesses received RPIGs in Petersburg’s Enterprise
Zone in 2019, including the Petersburg Home for Ladies, an
assisted living facility which underwent a $225,000 renovation Figure 16: Brooks Crossing Innovation Center. Photo Courtesy: City of Newport
last year. News
Portsmouth (City)
• The city of Portsmouth saw significant investment in its Zone’s office and retail
sectors that generated over 300 net new jobs, despite a number of business closures.
Two businesses associated with the maritime industry in Portsmouth received JCGs for
creating more than 50 new jobs combined in 2019.
Prince George County
• The Rolls-Royce Crosspointe facility in Prince George, which manufactures
precision-engineered engine components for aircraft carriers around the world,
received an RPIG after investing nearly $465,000 in qualifying funds for work done on
Figure 17: Star Express & Huddle House. Photo Courtesy: their existing facility and received a JCG for creating 282 jobs in the Enterprise Zone in
Prince George County 2019. Star Express and Huddle House, an RPIG recipient, celebrated their grand
opening in March 2019.
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Pulaski County – Radford (City)
• Pulaski County saw more than $39 million in private investment in their Enterprise Zone in 2019, mainly in the manufacturing sector.
Additionally, Volvo Trucks North America announced last year the addition of over 700 jobs to their manufacturing facility in Pulaski’s
Zone.
Richmond (City)
• The city of Richmond saw a tremendous amount of activity in both of their Zones in 2019. Combined, investors in the city’s two zones
added more than 1,200 qualifying jobs for which they received JCGs, and invested more than $56 million in RPIG-qualifying funds for new
construction, rehabilitation, and expansion of manufacturing, commercial and mixed-use properties.
Roanoke (City)
• Two major property rehabilitations occurred on Jefferson Street in the city of Roanoke’s Enterprise Zone in 2019, including a mixed-use
development in the former Heironimous department store building, and the renovation of a former bank building into a 52-room boutique
hotel. Overall, the city saw more than $4 million in private investment in their zone in 2019.
Scott County
• Although no investors received Enterprise Zone grants in Scott County in 2019, the county’s Daniel Boone Wilderness Trail Interpretive
Center was completed and opened to the public.
Smyth County
• Smyth County’s Enterprise Zones had an active year. Despite several
business closures, the towns of Marion and Chilhowie created an estimated
136 net new jobs and saw over $10 million in private investment. Blue Ridge
Knives, which received an RPIG, completed their expansion project.
Staunton (City)
• The city of Staunton’s Enterprise Zone saw more than 62 new businesses
open up in 2019, creating an estimated 88 net new jobs. These included
multiple new restaurants, office, and retail establishments. Work is also
continuing on the Blackburn Inn with the next phase of development including
a small conference center and wellness center with spa facilities.
Figure 18: Blue Ridge Knives' new facility. Photo Courtesy: Smyth County
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Tazewell (County)
• Tazewell County had five businesses in the Enterprise Zone make over $100,000 in capital investment in 2019, with Simmons Equipment
Company also receiving JCG funding for creating 16 net new jobs.
Waynesboro (City)
• In 2019, the city of Waynesboro’s Enterprise Zone saw a significant uptick in private investment since last year, particularly in the office
and retail sectors. This translated to more than $3.7 million in private investments in the Enterprise Zone, with 33 new businesses opening
over the course of the year.
Winchester (City)
• Investors in Winchester’s Enterprise Zone rehabilitated an old BB&T bank building into office space, leveraging more than $374,000 in
qualifying investments to receive RPIG funding to help defray project costs. The renovation includes co-working space inside the bank’s
former vault.
Wise County
• In Wise County’s Enterprise Zone, 19 new small businesses opened up, and over $1 million in private investments were made in 2019.
Wythe County
• In 2019, Wythe County’s Enterprise Zone experienced investment across multiple industries, including manufacturing, retail, and tourism.
Two businesses were awarded RPIGs for their combined investment of nearly $851,000, and one was awarded a JCG for creating nine
net new jobs meeting the program’s minimum requirements.
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Appendix B: State Incentive Usage by Zone, 2015-19
Zone Information Number of Incentives Summary of 2019 Grants
% of
Zone # Community Acreage Designation Expiration 2019 2018 2017 2016 2015 $ Amt.
Total
Charlotte County 773 1 0
48 Lunenburg County 405 2000 2024 0 0 6 8 6 $215,981.45 1.5%
Prince Edward County 2,859 2 6
Dickenson County 3,645 0 0
49 Town of Clintwood 237 2000 2024 0 0 0 0 0 $0.00 0.0%
Town of Haysi 163 0 0
Town of Warsaw 961 3 3
Lancaster County 3,696 0 0
Northumberland County 2,496 0 1
50 2000 2024 8 3 0 $534,374.88 3.7%
Richmond County 1,140 3 0
Westmoreland County 3,786 2 0
Town of Kilmarnock 374 1 0
Smyth County 3,572 3 5
Washington County 3,594 0 0
51 2000 2023 4 3 3 $273,115.87 1.9%
Town of Chilhowie 505 0 0
Town of Glade Spring 289 0 0
Alleghany County 3,608 3 0
53 Town of Clifton Forge 246 2001 2020 1 0 1 3 1 $322,032.62 2.2%
City of Covington 639 1 3
Henry County 2934 7 0
54 2001 2020 4 0 1 $171,929.46 1.2%
City of Martinsville 527 2 4
Lunenburg County 364 0 1
55 Town of Kenbridge 310 2001 2020 0 0 1 3 1 $0.00 0.0%
Town of Victoria 220 0 0
Pittsylvania County 3,428 0 1
57 2001 2025 4 5 3 $20,160.00 0.1%
City of Danville 1,608 1 2
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Patrick County 3,621 0 2
22 2002 2021 1 0 1 $0.00 0.0%
Town of Stuart 176 0 0
City of Richmond (North) 3,588 35 34 34
28 2003 2022 42 45 $3,088,794.40 21.3%
Henrico County 3,811 12 16 16
1 City of Danville 1,911 2004 2023 9 5 5 7 5 $450,996.79 3.1%
2 City of Lynchburg 2,198 2004 2023 9 10 10 10 9 $755,872.20 5.2%
3 City of Newport News 3,839 2004 2023 14 12 12 14 12 $1,096,381.40 7.6%
5 City of Roanoke 1,904 2004 2023 7 11 11 16 13 $172,492.18 1.2%
Smyth County 619 0 0 0
6 2004 2024 0 0 $0.00 0.0%
Town of Saltville 357 0 0 0
8 City of Hampton 3,233 2005 2024 10 11 11 15 4 $1,012,765.41 7.0%
9 City of Hopewell 2,183 2005 2024 2 0 0 1 1 $234,103.96 1.6%
10 City of Petersburg 922 2005 2024 3 3 3 7 0 $188,767.08 1.3%
11 Wythe County 3,421 2005 2024 3 4 4 1 0 $116,328.76 0.8%
12 Town of Bedford 636 2005 2024 0 1 1 3 2 $0.00 0.0%
14 City of Waynesboro 608 2008 2027 2 1 1 2 1 $172,378.09 1.2%
15 Halifax County 2,853 2008 2027 6 3 3 7 7 $273,829.15 1.9%
52 Wise County 3,808 2008 2027 1 0 0 1 0 $83,931.98 0.6%
4 City of Portsmouth 1,468 2010 2029 4 4 4 2 6 $210,545.51 1.5%
7 City of Norfolk 2,371 2010 2029 14 8 8 11 10 $845,712.98 5.8%
16 Prince George County 3,754 2010 2029 4 2 2 2 1 $420,907.78 2.9%
17 City of Staunton 699 2010 2029 2 2 2 1 1 $167,863.96 1.2%
City of Franklin 878 1 2 2
18 Southampton County 3412 2010 2029 0 3 3 8 7 $103,155.98 0.7%
Isle of Wight County 2,438 1 1 1
24 Pittsylvania County 3,132 2010 2029 0 0 0 0 0 $0.00 0.0%
19 City of Richmond (South) 3,611 2013 2032 3 7 7 6 3 $383,377.20 2.6%
Greensville 3,280 0 0 0
43 2013 2032 2 0 $83,931.98 0.6%
City of Emporia 631 1 2 2
20 City of Portsmouth 3,659 2014 2033 3 1 1 2 1 $114,618.50 0.8%
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21 City of Winchester 607 2014 2033 2 2 2 2 1 $54,683.80 0.4%
23 Scott County 3,133 2014 2033 0 1 1 0 2 $0.00 0.0%
Pulaski County 3,748 4 3
25 2014 2033 3 4 5 $340,011.61 2.3%
City of Radford 1,289 2 3
Accomack County 3,361 1 3
26 2015 2034 1 4 6 $222,780.76 1.5%
Northampton County 2,993 2 4
Carroll County 3,658 0 0
27 Grayson County 1,231 2015 2034 0 0 1 0 2 $0.00 0.0%
City of Galax 638 0 0
29 City of Bristol 634 2015 2034 5 1 0 1 2 $403,094.80 2.8%
30 Page County 2,084 2015 2034 0 0 5 3 0 $0.00 0.0%
31 City of Newport News 3,236 2015 2034 5 10 0 10 5 $635,419.94 4.4%
Mecklenburg County 2,738 1 0
32 2016 2035 8 1 1 $83,931.98 0.6%
Brunswick County 273 0 2
35 City of Hampton 3,636 2016 2035 10 7 6 3 6 $390,380.37 2.7%
Henry County 3,840 7 8
36 2016 2035 2 5 8 $411,519.27 2.8%
City of Martinsville 630 2 1
44 Tazewell County 3,786 2016 2035 1 2 4 1 3 $11,424.00 0.1%
46 City of Lynchburg 2,176 2016 2035 3 3 2 7 5 $419,659.90 2.9%
0 JCG from Expired Zones N/A N/A N/A 0 2 N/A N/A N/A $12,744.00 0.1%
$14,500,000.00 100.0%
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Appendix C: Local Incentives
Accomack County #26A Brunswick County #32B
• Accelerated permit processing and plan review • Accelerated permit processing
• Bond conduit issuer fee exemption • Building permit fee waiver
• Business Personal Property tax grant • Coordination with local banking services
• Discounted land buy-down • Discounted land buy-down
• Local job creation grants in the Accomack Industrial Park • Low-interest loans for fixed assets
• Local real property investment grants • Machinery and tools tax grant
• Marketing opportunities • Partial real estate tax exemption
• Permit fee and land fill rebates • Water and sewer connection fee waiver
Alleghany County #53A Carroll County #27A
• Building permit fee rebate • Building permit fee waiver
• Business license tax reduction • Local job creation credit program
• Machinery and tools tax reduction • Water and sewer connection fee waiver
• Partial real estate tax exemption
Charlotte County #48A
• Utility consumption tax reduction
• Zoning fee rebate • Accelerated permit processing
Bedford (Town) #12 • Discounted land buy-down
• Machinery and tools tax grant
• Five-year business, occupational, license (BPOL) fee • Technology assistance in industrial parks
rebates • Workforce training
• Five-year rehabilitated real estate tax exemption
Chilhowie (Town) #51C
• Accelerated permit processing
• Utility service improvements and reduction of connection • Building permit fee waiver
fees • Business, professional and occupational license fee waiver
• Zoning and signage fee waiver for businesses creating new jobs
Bristol (City) #29 • Partial real estate tax exemption
• Utilities connection fee credit
• Accelerated permit processing
• Business and job training grants
• Design assistance
• Façade improvement grant
• Partial real property tax exemption
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Clifton Forge (Town) #53C Dickenson County #49A
• Business, professional and occupational license fee partial • Building and permit fee waivers
waiver • Grants based on real estate taxes paid
• Machinery and tools tax grant • Machinery and tools tax grant
• Partial real estate tax exemption • Partial real estate tax exemption
• Utility consumption tax reduction • Utility connection fee rebates
• Zoning and building permit fee rebate • Workforce training grants
Clintwood (Town) #49B Emporia (City) #43B
• Water and sewer connection fee waiver • Business incubation grant
• Workforce training opportunities • Business personal property grant
• Business, professional and occupational license fee waiver
Covington (City) #53B
• Façade improvement grant
• Machinery and tools tax grant • Machinery and tools tax grant
• Partial business, professional and occupational license fee • Partial real estate tax exemption
waiver • Water and sewer connection fee waiver
• Partial real estate tax exemption • Zoning and building permit fee waiver
• Permit and zoning fee waiver
Franklin (City) #18A
• Small business loan program
• Utility consumption tax reduction • Accelerated permit processing
• Discounted land buy-down
Danville (City) #1 & #57B
• Electricity fee and tax rebate
• Dan River Businesses Development Center assistance • Regional Workforce Development Center assistance
• Discounted land buy-down • Free temporary office space for up to five persons
• Local job creation grant • Machinery and tools tax grant
• Machinery and tools tax grant • Partial real estate tax exemption
• Partial business, professional and occupational license fee • Permit fee rebate
waiver • Reduced fee for jobs skills assessment
• Partial real estate tax exemption
Galax (City) #27C
• Permit fee waiver
• Regional Center for Applied Technology and Training • Building permit fee waiver
assistance • Water and sewer connection fee waiver
• Utility connection fee rebates
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Glade Spring (Town) #51D Henrico County #28B
• Partial real estate tax exemption • Accelerated permit processing and design assistance
• Business, professional and occupational license credit • Architectural Design Assistance Program for façade, exterior
(landscaping) improvements
Grayson County #27B
• Building demolition and site preparation grant
• Building permit fee waiver • Crime Prevention Through Environmental Design
• Water and sewer connection fee waiver • Façade improvement grants
• Freestanding signage grants
Greensville County #43A • Offsite improvement grants for draining, water and sewer
• Parking lot sealing and paving, and landscaping grants
• Building and zoning permit fee waivers
• Partial real estate tax exemption
• Discounted land buy-down
• Permit and plan review fee waivers
• Grant based on real estate taxes paid
• Training seminars for businesses
• Machinery and tools tax grant
• Workforce training opportunities
• Water and sewer connection fee waiver
Henry County #46A & #54A
Halifax County #15
• Building permit fee waiver
• Business, professional and occupational license fee waiver
• Furniture, fixtures and equipment grant
• Chamber of Commerce membership fee waivers
• Machinery and tools tax grant
• Discounted land buy-down
• Partial real estate tax exemption
• Furniture, fixtures and equipment grant
• Water and sewer connection fee waiver
• Local real property investment grants
• Machinery and tools tax grant Hopewell (City) #9
• Partial permit fee waivers by the town of South Boston
• Partial sales tax exemption in the town of South Boston • Accelerated permit processing
• Utility tax grant on electricity and natural gas • Crime prevention assessments
• Workforce training opportunities • Fire safety education seminars
• Land development and permit fee waivers
Hampton (City) #8 & #35 • Partial business, professional and occupational license fee
waiver
• Capital investment grants
• Partial real estate tax exemption
• Business, professional and occupational license fee rebate
• Public facility and infrastructure enhancements
• Hampton Technology Incubator assistance
• Sewer connection fee waiver
• Hampton University Small Business Incubator assistance
• Revolving loan fund
• Utility tax grant
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Isle of Wight County #18C • Technology assistance
• Workforce training opportunities
• Accelerated permit processing
• Local job creation grant Lunenburg County #55A
• Machinery and tools tax grant
• Accelerated permit processing
• Permit fee waivers
• Building permit fee waiver
Kenbridge (Town) #55B • Business, professional and occupational license fee waiver
• Discounted land buy-down
• Accelerated permit processing
• Equipment investment grants
• Building permit fee waiver
• Industrial and commercial development grants
• Business, professional and occupational license fee waiver
• Tax-exempt industrial revenue bonds
• Discounted land buy-down
• Workforce training opportunities
• Tax-exempt industrial revenue bonds
• Water and sewer connection fee waiver and reduced Lynchburg (City) #2 & #46
extension fees
• Workforce training • Discounted land buy-down
• Industrial training programs through CVCC
Kilmarnock (Town) #50A • Low-interest loan pool
• Partial real estate tax exemption
• Auto decal fee waiver
• Real estate redevelopment grants
• Business, professional and occupational license fee waivers
• Water and sewer connection fee financing
• Capital investment and job creation incentives
• Water and sewer connection fee waiver Martinsville (City) #46B & #54B
• Zoning, permit and subdivision fee waivers
• Building permit fee waiver
Lancaster County #50B • Business, professional and occupational license fee rebate
• Furniture, fixtures and equipment grant
• Capital investment and job creation incentives
• Grant based on real estate taxes paid
• Façade improvement grants
• Machinery and tools tax grant
• Micro-enterprise loan pool
• Partial real estate tax exemption
• Partial real estate tax exemption
• Water and sewer connection fee waiver
Lunenburg County #48B
Mecklenburg County #32A
• Accelerated permit processing
• Building permit fee waiver
• Discounted land buy-down
• Coordination with local banking services
• Machinery and tools tax grant
• Discounted land buy-down in the Airport Industrial Park
• Real estate tax grants
• Local job creation grant
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• Machinery and tools tax grant Northumberland County #50C
Newport News (City) #3 • Capital investment and job creation incentives
• Business, professional and occupational license fee rebate Page County #30
• Infrastructure improvements to the Oakland Industrial Park
• Accelerated permit processing
and Carleton Farm Industrial Park
• Business, professional and occupational license fee rebate
• Occupancy cost reduction for target industries
• Capital investment grants
• Utility tax
• Development fee rebates
Newport News (City) #31 • Local sales, meals and lodging tax partial refund
• Partial real estate tax exemption
• Business assistance
• Small business loan program
• Business, professional and occupational license fee rebate
• Discounted land buy-down Patrick County #22A
• Loan guarantee assistance
• Building permit fee waiver
• Low-interest loan pool
• Machinery and tools tax grant
• Occupancy cost reduction for target industries
• Partial real estate tax exemption
• Partial real estate tax exemption
• Utility consumption tax reduction Petersburg (City) #10
Norfolk (City) #7 • Architectural Design Assistance Program
• Building and land disturbance permit and zoning fee waivers
• Building permit fee waiver
• Discounted land buy-down
• Business assistance
• Façade improvement grants
• Business, professional and occupational license fee rebate
• Machinery and tools tax grant
• Free tax consultations
• Partial real estate tax exemption
• Marketing opportunities
• Water and sewer connection fee reduction
• Norfolk Redevelopment Housing Authority technical and
research assistance and access to free meeting space • Water and sewer permit fee waivers
• Partial real estate tax exemption Pittsylvania County #24 & #57A
• Utility consumption tax reduction
• Dan River Businesses Development Center assistance
Northampton County #26B • Discounted land buy-down
• Accelerated permit processing and plan review • Local job creation grant
• Micro-enterprise loan pool • Machinery and tools tax grant
• Partial real property tax exemption • Partial business, professional and occupational license fee
waiver
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• Partial real estate tax exemption Pulaski County #25B
• Permit fee waiver
• Accelerated permit processing
• Regional Center for Applied Technology and Training
• Off-balance sheet financing
assistance
• Stimulus Grant for job creation and capital investments
• Utility connection fee rebates
• Tax-exempt industrial revenue bonds
Portsmouth (City) #20 • Water and sewer connection fee waiver
• Reduced consumption charges for water and sewer
• Business personal property investment grant
• Façade improvement grants Radford (City) #25A
• Machinery and tools tax grant
• Machinery and tools tax grant
• Mixed-use development incentives
• Partial real property tax exemption
• Partial real estate tax exemption
• Utility connection fee waiver
• Permit fee waivers
• Streetscape improvement grants Richmond (City) #19 and #28A
Prince Edward County #48C • Brownfield development rebate
• Business relocation rebate
• Accelerated permit processing
• Employment assistance grant for job creation
• Architectural design fee rebate in Farmville Historic District
• Industrial development fee rebate
• Building permit fee waiver
• Loan fee rebate up to $1,000
• Business security audit
• Machinery and tools tax grant
• Crime Prevention Through Environmental Design
• Partial real estate tax exemption
• Discounted land buy-down in Prince Edward Business Park
• Machinery and tools tax grants in select business parks Richmond County #50E
• Partial real estate tax exemption
• Permit fee waiver for select properties • Capital investment and job creation incentives
• Water and sewer connection fee reduction in the town of • Partial real estate tax exemption
Farmville
Roanoke (City) #5
Prince George County #16
• Business security grant
• Business, professional and occupational license fee rebate • Development fee rebates
• Machinery and tools tax grant • Façade, parking and landscaping improvement grants
• Utility consumption tax reduction • Fire suppression retro-fit grant and connection fee rebate
• Zoning fee waiver • Neighborhood parks and recreation grant
• Partial real estate tax exemption
• Water and sewer and fire connection fee rebates
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Saltville (Town) #6A • Crime Prevention Through Environmental Design
• Labor pool information
• Broadband access connection reimbursement
• Local job creation grant
• Business personal property investment grant
• Low-interest loan pool
• Downtown revitalization grants and loans
• Machinery and tools tax grant
• Tourism marketing mini-grant
• Partial real estate tax exemption
Scott County #23 • Permit fee waivers
• Public property enhancement and beautification program
• Building permit and zoning fee waiver • Water and sewer connection fee reduction
• CPA fee refund for EZ incentive attestation • Workforce training assessment
• Grant based on real estate taxes paid • Zoning modification consideration
• Lodging tax grant
• Machinery and tools tax grant Stuart (Town) #22B
• Merchant Capital tax grant
• Business, professional and occupational license fee
Smyth County #6B & #51A reduction
• Machinery and tools tax grant
• Loan assistance • Partial real estate tax exemption
• Partial real estate tax exemption • Water and sewer connection fee waiver
• Stimulus grant for job creation and equipment investments
• Water and sewer connection fee reduction Tazewell County # 44
• Workforce training opportunities
• Industrial development grant programs
Southampton County #18B • Partial real estate tax exemption
• Accelerated permit processing Victoria (Town) #55C
• Building permit fee waiver
• Accelerated permit processing
• Discounted land buy-down
• Business, professional and occupational license fee waivers
• Labor pool information in the Kilmarnock Business and Technology Park
• Machinery and tools tax grant • Discounted land buy-down
• Partial real estate tax exemption • Tax-exempt industrial revenue bonds
• Temporary office space • Water and sewer connection and extension fee reduction
• Utility tax grant for electricity
• Workforce training Warsaw (Town) #50F
Staunton (City) #17 • Capital investment and job creation incentives
• Façade improvement grants
• Five-year business grant • Partial real estate tax exemptions
35 | P a g e
Washington County #51B • New or expanding technology-driven business grant
• Partial real property tax exemption
• Building and zoning permit fee waivers or reductions
• Residential real estate improvement grant
• Discounted land buy-down
• Exterior Improvement Grant Program
• Partial real estate tax exemption
• Revolving loan fund
• Tax-exempt industrial revenue bond application fee waiver
Wise County #52
Waynesboro (City) #14
• Building permit fee waiver
• Local job creation grants in the Accomack Industrial Park
• Discounted land buy-down and reduced development costs
• Partial real estate tax exemption
• Machinery and tools tax grant
• Sidewalk and landscape enhancement grants
• Partial real estate tax exemption
Westmoreland County #50D • Workforce training at UVA Wise and MECC
• Capital investment and job creation incentives Wythe County #11
Winchester (City) #21 • Accelerated permit processing
• Business, professional and occupational license fee
• Business development grants reduction
• Commercial and mixed-use property rehabilitation grant • Dining and lodging establishment grants
• Development fee rebates • Discounted land buy-down in Progress Park
• Entrepreneurship grant • Local job creation grants for high-wage businesses
• Façade improvement loans • Permit fee waivers
• Professional Job Creation Grant • Revolving loan fund
• Major mixed-use development incentive • Sewer connection fee reduction
• Micro-enterprise loan pool • Water consumption rate reduction
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Appendix D: Enterprise Zone Map
37 | P a g e
Appendix E: High Unemployment Areas
2019 High Unemployment Areas (HUA)
Dickenson County (Town of Haysi, Town of Clintwood) 49 Northampton County 26*
City of Covington 53* City of Petersburg 10
City of Danville 1,57* Tazewell County 44
City of Hopewell 9 Wise County 52
City of Martinsville 36, 54*
*The following communities in joint zones are NOT HUAs: Alleghany, Henry, Accomack and Pittsylvania counties, and the town of Clifton Forge. Businesses in these communities are
not eligible for the reduced wage threshold. Source: DHCD, based on the LAUS Unit and Bureau of Labor Statistics 2018 Annual Virginia Unemployment Report.
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