Virginia Enterprise Zone GY2021 Annual Report, Department of Housing and Community Development
Summary
The Virginia Enterprise Zone GY2021 Annual Report of the Virginia Department of Housing and Community Development. It describes the Virginia Enterprise Zone (VEZ) program, which the report says was originally established as a tax credit program in 1982 and now provides the Real Property Investment Grant (RPIG) and the Job Creation Grant (JCG). Its Grant Year 2021 summary table lists funds disbursed of $11,089,416 for RPIG and $2,493,393 for JCG, a total of $13,582,809, with 4,115 jobs created and $307,083,311 in investment leveraged. Appendices cover zone highlights, state incentive usage by zone, local incentives, an enterprise zone map and high unemployment areas.
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Virginia
Department of
Housing and
Community
Development
VIRGINIA
ENTERPRISE
ZONE
GY2021 ANNUAL REPORT
1
TABLE OF CONTENTS
Qualification Year 2021 Snapshot 3
Enterprise Zone Program Overview 4
Grant Year 2021 Program Summary 5
Real Property Investment Grant (RPIG) 6
Job Creation Grant (JCG) 8
GY2021 RPIG Overview 9
RPIG by Property End Use 13
RPIG by Construction Project Type 14
RPIG by Property End Use and Project Type 15
RPIG by Qualified Zone Investor 16
GY2021 Job Creation Overview 17
JCG by Wage Rates 18
JCG by Sector 19
GY2021 JCG Overview 20
Local Enterprise Zones 21
Appendix A: Zone Highlights 22
Appendix B: State Incentive Usage by Zone, 2017-2021 30
Appendix C: Local Incentives 34
Appendix D: Enterprise Zone Map 45
Appendix E: High Unemployment Areas 46
Cover Photo | Within Interior Design on 1088 Granby Street in the city of Norfolk was previously Ogle Auto Repair and Machine Work Company
(top photos circa 1916 & 2019). The building now houses a design team on the bottom floor and a construction team on the mezzanine.
2
The company leveraged over $995,000 for a grant award of $100,000.
2
Qualification Year 2021 Snapshot
JOB CREATION GRANTS
4,115
$2,493,393
50 Jobs
Total
Businesses Created/
Awards
Retained
REAL PROPERTY INVESTMENT GRANTS
$307,083,311
$11,089,416
114 in
Total
Properties Qualified
Awards
Investments
3
3
VEZ 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 considered “economically distressed.”
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
The downtown Hampton Landing Hotel completed a $2.1 million renovation prequalified firms to continue accessing the former
on the waterfront in the city of Hampton and received a Real Property general income and investment tax credit incentives.
Investment Grant totaling $100,000. The tax credit program officially concluded in 2019.
4
4
Grant Year 2021 Program Summary
When used in conjunction with other local, state and federal programs, Virginia Enterprise Zone incentives can
leverage substantial private sector investment for economic development in localities across the Commonwealth.
There are currently 45 enterprise zones throughout the state that encompass approximately 245 square miles and
include zones in 20 cities, 34 counties and 12 towns within those counties.
Table 1 | Grant Year 2021 Summary
RPIG JCG TOTAL
Fund Requests $11,089,416 $2,493,393 $13,582,809
Funds Disbursed $11,089,416 $2,493,393 $13,582,809
Number of Grants Issued 114 50 164
Number of Entities 107 50 157
Proration (RPIG only) $0 N/A $0
Jobs Created N/A 4,115 4,115
Investment Leveraged $307,083,311 N/A $307,083,311
Average QRPI per RPIG Grant $2,693,713 N/A $2,693,713
5
5
Real Property Investment Grant (RPIG)
The Real Property Investment Grant (RPIG) provides funds to offset “hard”
construction costs, referred to as Qualified Real Property Investments (QRPI),
incurred by property owners/developers for properties being constructed,
expanded and/or rehabilitated in enterprise zones. For QRPI 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, for up to $200,000. For rehabilitation and expansion projects, a
zone investor must invest at least $100,000 in QRPI to be eligible for the RPIG. Lilian Lumber Company and
Lumber Yard in
New construction projects require zone investors to spend at least $500,000 in Northumberland County
order to qualify. Grant awards for all property types are based on the amount of recently celebrated its 110th
investment made in excess of the $100,000 and $500,000 eligibility thresholds for anniversary and the completion
rehabilitation and new construction, respectively. of a new drive-through
lumberyard and contractor
showroom. The company was
In GY2019, solar-only projects were added to the program, as well as a lower the first to mill lumber in the
threshold for other projects that include solar panels. A zone investor must invest Northern Neck to manufacture
in solar panels costing at least $50,000 to be considered for RPIG. New windows and doors. The
company invested $550,000 in
construction projects that include solar panels that cost at least $50,000 require remodeling and expansion of its
zone investors to spend at least $450,000 in order to qualify for RPIG. Solar-only retail store, consolidating two
projects of at least $50,000 and no more than $100,000 do not have a QRPI branches. It received a $100,000
amount to meet in order to be eligible for grant funding. RPIG award.
6
Real Property Investment Grant (RPIG)
Enterprise zone grants are subject to an annual appropriation by the General Assembly. By statute, the Job
Creation Grants (JCGs) receive funding priority. After fully funding JCGs, the remaining funds are allocated to RPIG,
and the amount paid to each RPIG applicant is prorated proportionally should grant requests exceed the
remaining funds. In GY2021, RPIG requests were awarded in full without proration. Table 2 illustrates how grant
requests under RPIG are calculated.
Table 2 | Example-RPIG Threshold & Award
Total Grant- Grant Grant Pro- Grant
| TYPE | Investment Threshold Eligible Funds Rate Request ration Award
New Construction $1,000,000 $500,000 $500,000 20% $100,000 $0 $100,000
Rehab/Expansion $500,000 $100,000 $400,000 20% $80,000 $0 $80,000
New Construction with Solar $1,000,000 $450,000 $550,000 20% $100,000 $0 $100,000
Rehab/Expansion with Solar $100,000 $50,000 $50,000 20% $10,000 $0 $10,000
Solar-only $75,000 $0 $75,000 20% $15,000 $0 $15,000
7
7
Job Creation Grant (JCG)
The Job Creation Grant (JCG) provides funds to
incentivize the creation of full-time jobs with health Table 3 | JCG Grant Wage Thresholds & Awards
benefits that pay well above minimum wage in % of
Hourly Pay Grant Award
enterprise zones. Qualifying businesses can receive up to | ELIGIBILITY | Minimum
Minimum per Job*
$800 for each net new, permanent, full-time position Wage
created above a baseline four-position threshold for a HUAs 150% $10.88 $500
maximum five-year period. Eligible firms can receive All Other EZs 175% $12.69 $500
grants for up to 350 new positions created per year for a Max 200% $14.50 $800
maximum of five years. Retail, food and beverage, *Jobs above the four-job minimum threshold meeting all other program requirements
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 2020). 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 GY2021 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 $800 per position created, as Table 3 on the right shows.
8
GY2021 RPIG Overview
Overall, 164 grants were issued to 157 unique investors and
businesses. Zone investors leveraged $307,083,311 in qualified real
property investments to receive RPIGs, with the average QRPI per
grant issued being $2,693,713. There were 4,115 jobs that were
awarded JCGs. Figure 1 illustrates the approximate percentage of
total grant funds disbursed by grant program type in 2021.
18%
JCGs
82%
RPIGs
Figure 1 | GY2021 Grant Funds
Disbursed by Program
9
GY2021 RPIG Overview
Figure 2 and Table 4 show the difference
between allocations and requests for VEZ
grants over the last ten years. Due to
increased program funding in 2020 and
2021, the proration was lower in 2020 than
it had been since 2013, and 2021 was the
first time in 10 years that a funding surplus
existed, with a surplus of $1,167,191. GY
2015 had the largest shortfall in the past
decade, with approximately $4.7 million
more funds requested than disbursed,
which required a proration of $0.67 on the
dollar for grants disbursed.
Projects that received funding in GY2020
likely began construction in 2019 or early
Table 4 | RPIG Proration by Grant Year 2017-2021 2020, before the COVID-19 pandemic
Year 2017 2018 2019 2020 2021 began. Projects eligible for GY2021 funds
Surplus/Shortfall -$4,571,915 -$3,696,572 -$2,215,484 -$1,647,653 $1,167,191 received final placed-in-service
Appropriation $12,814,467 $13,500,000 $14,500,000 $14,500,000 $14,750,000 documentation in calendar year 2021.
Grant Requests $17,386,382 $17,196,572 $16,715,484 $16,147,653 $13,582,809 GY2021 likely reflects projects least
RPIG Requests $15,224,750 $14,499,840 $13,788,160 $14,217,222 $11,089,416 impacted by pandemic related construction
Proration 70% 75% 84% 88% 0% and supply chain delays.
10
GY2021 RPIG Overview
RPIG are awarded to zone investors who make investments in widely
varying amounts, ranging from $100,000 (the required threshold for
qualifying for an RPIG for rehabilitation or expansion of an existing
structure(s) up to more than $10 million, with Table 5 and Figure 3 (both
above) showing data for the last five years. Investments ranged from
$57,247 for a solar-only project to $34,241,147 for a new construction
project in GY2021. Investments in the range of $500,000-$999,000
comprised 27.7% of the amounts of total QRPI, which is similar to
previous years. Investments in the $5 million-$10 million range
comprised 22.6% of projects this year, which is about 3% more than
GY2020. The third largest share of investments was in the $100,000-
$999,000 range at 14.9%, followed closely by the $10 million plus range
at 14.4%, which is a 7% increase from 2020. Over 11% of investments
were made in the $1 million-$2 million range.
Table 5 | Percentage of Funds Awarded & Application Count by QRPI
Investments in the ranges of $2 million- Ranges
$5 million comprised about 9% of total
QRPI, while projects with an 2017 2018 2019 2020 2021
QRPI Amount
investment of $50,000-$100,000, which % # % # % # % # % #
are solar-only projects, made up the smallest $50,000-100,000 0% 0 0% 0 0% 0 0% 0 0.1% 1
percentage of applications receiving RPIGs $100,000-499,999 12.9% 45 15.3% 53 19.2% 56 12.0% 42 14.9% 35
in 2021. $500,000-$999,000 39.2% 64 40.5% 63 27.0% 42 28.3% 44 27.7% 33
$1 million-$2 million 20.8% 33 19.7% 30 14.9% 22 20.1% 30 11.0% 13
$2 million-$5 million 6.6% 10 4.8% 7 11.4% 17 12.7% 18 9.1% 11
$5 million-$10 million 19.7% 15 18.3% 14 21.8% 15 19.9% 15 22.6% 13
$10 million + 0.8% 1 1.4% 1 5.8% 4 7.0% 5 14.4% 8
11
GY2021 RPIG Overview
Since the VEZ grant programs
were created in 2005, the
majority of funds have been
utilized for RPIG awards.
However, beginning in GY2010
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 Moog Inc. in the city of Galax is a
worldwide designer, manufacturer and
consistently outweighed the integrator of precision motion control
demand for JCGs over the last products and systems. Moog’s high-
decade. In 2021, the ratio of performance systems control military and
commercial aircraft, satellites and space
RPIG to JCG requests was $4.45 vehicles, launch vehicles, missiles, industrial
in RPIG requests for every $1 in machinery, marine applications and medical
JCG requests. equipment. The company invested over
$5.4 million in rehabilitation costs and was
awarded $200,000 in RPIG funds.
12
12
GY2021 RPIG by Property End Use
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 designated 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. Grant years 2019-2021 had slightly
more RPIGs awarded for industrial properties, at 11.5%,
12.34% and 17% respectively. Mixed-use has consistently
made up between 10-12.5% of RPIGs for the last four years.
In 2021, 82 RPIGS were awarded for commercial use, followed by 19 for industrial and 13 for mixed-use developments.
In previous years, industrial use projects had the highest average QRPI, however, in 2021 commercial projects had the
highest with an average of $2,757,389. Mixed-Use projects followed with an average of $2,576,087, and industrial projects
had an average of $2,499,381 in QRPI. Average grant awards by property end use followed a different pattern. Mixed-use
had the highest average award of $106,901, followed by grants for industrial properties, which averaged out to $101,232.
Commercial grants averaged out to $94,833, due to the high number of awards in the category, and the wide range of QRPI
invested to leverage grant funding.
13
GY2021 RPIG by Project Type
Property improvements eligible for RPIGs include
new construction, rehabilitation of an existing
building or facility, expansion of an existing
building or facility, or solar projects. Figure 5 shows
the share of RPIG awards by type of property
improvement over the last five grant cycles. Solar-
only projects were eligible for the first time in
GY2020, and this new regulation included a new,
lower threshold for projects that included solar.
The largest share of grants awarded over the last
five years was consistently for rehabilitation
projects, followed by new construction. Investors
who were expanding existing building/facilities,
rehabilitation/expansion with solar projects and
solar-only projects had the smallest share of grants
awarded. The high number of rehabilitation
projects demonstrates the revitalization goals of
the program are being fulfilled.
14
GY2021 RPIG by End Use and Project Type
There are multiple factors contributing to why rehabilitations of commercial spaces make up the majority of RPIG
awards. Many enterprise zones encompass downtown areas and commercial corridors and see a significant number
of small and mid-size commercial rehabilitation projects for retail, restaurants, office space or other commercial
uses. Other resources 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.
In the 2021 grant cycle, the average QRPI was highest
for new construction, at $5.03 million. This was
followed by expansion at $2.18 million and
rehabilitation at $2.03 million respectively.
Rehabilitation and expansion with solar had an
average QRPI of $563,551, and solar-only had one 0.1%
project with a QRPI of $57,247. The average award by Solar-only
property improvement type followed a similar trend:
the average RPIG for new construction projects was
$372,814, the average rehabilitation award was
$280,907 and the average RPIG for expansion was
$191,822. The average RPIG for rehabilitation and
expansion projects with solar was $86,064, and the
solar-only project received a grant award of $11,449.
Due to the higher threshold requirement, the highest average RPIG was awarded for new construction projects. New
construction industrial projects were awarded the highest average RPIG, with an average grant of approximately
$140,000, followed by commercial new construction projects and rehabilitation of mixed-use properties, show in
Figure 6.
15
GY2021 RPIG by Qualified Zone Investors
“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 7 shows, non-occupant property owners had been the most common type of qualified zone investor in the
previous five years, however, in GY2021, owner-occupants were the most common. This was followed by non-occupants,
tenants improving leased space, developers and owners of a space within a larger building. VEZ requires that investors
capitalize and/or expense their investment in order to qualify for RPIGs. The program is not open to developers who will
not be expensing and/or 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.
Figure 7 | Application by Type of Zone Investor,
2017-2021
2021
2020
2019
2018
2017
0% 20% 40% 60% 80% 100%
Tenant Non-Occupant Owner Owner Occupant Developer Owns space in building
16
GY2021 Job Creation Overview
Table 6 | Job Creation Grant Summary, 2017-2021
2017 2018 2019 2020 2021
DHCD awarded a total of $2,493,393 in JCGs to 50
Qualified
48 55 54 42 50
businesses in GY2021, as Table 6 illustrates. JCG
Businesses
Jobs Created
requests represented 18% of funds requested and
1,497 2,108 1,519 825 4,115
(PFTPs) awarded. Figure 8 shows the five-year trends in
Total Awards $2,161,632 $2,696,732 $2,927,324 $1,930,431 $2,493,393 qualified businesses applying for JCGs and
Award per Job
$1,443.98 $1,279.28 $1,926.58 $2,339.75 $605.88 corresponding job creation. Over the five-year
Created
Average New
31 38 28 20 82 period, job creation peaked in GY2021.
Jobs per Firm
Total Qualified
Jobs
3,443 4,543 4,676 2,740 4,115 Four companies applied for the maximum number
of positions (350) eligible for awards under the
Average Qualified
72 83 87 65 82
Jobs per Firm JCG program in 2021. In addition, three other
companies applied for 250 or more jobs (not
including the four companies that applied for the
maximum amount). Those top job creators were
located throughout Virginia in the cities of
Norfolk, Hampton, Newport News and Lynchburg,
as well as Pittsylvania County.
17
17
GY2021 JCG by Wage Rates
JCG award amounts are based on wage rates for new positions
created by grant-eligible firms. For new positions created by eligible
businesses in High Unemployment Areas (HUAs), an award of $500
per position is available for employees earning between 150-199%
of the federal minimum 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.
.
Figure 9 illustrates that approximately 21% (115 jobs) of the total jobs in HUA localities were given $500 grant awards
for exceeding 150% of minimum wage (this level constitutes about 2.5% of the total JCG awards) in GY2021.
Approximately 3% of the total JCG awards were awarded $500 grants for meeting or exceeding 175% of the federal
minimum wage, and 95% of the total were awarded $800 grants for jobs meeting or exceeding 200% of minimum wage
in 2021. 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. GY2021 was the 11th grant cycle that
localities could be classified as an HUA. Eight of the 54 designated localities (not including towns within these counties)
were designated as HUAs for GY2021. Firms in half of the HUAs submitted JCG applications. Appendix E on page 41
shows a complete list of GY2021 HUA localities.
18
GY2021 JCG 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 GY2021 were manufacturers (NAICS
300), representing half of all grantees. Construction (NAICS 236-238) and Finance and Insurance (NAICS 521-525), both
with 12% of the total qualified firms, tied to make up the second-largest share of JCG grantees, as Figure 10 and Table 8
illustrate. None of the qualifying firms fell under Utilities (NAICS 221) or Management of Companies and Enterprises
(NAICS 551), which was also the case in the last two previous years.
19
19
GY2021 Job Creation Grant Overview
Table 8 | Qualified Firms by Industry Sector, 2017-2021
2017 2018 2019 2020 2021
# % # % # % # % # %
Construction 2 4% 3 5% 5 9% 7 17% 6 12%
Health Care/Social Assistance 0 0% 0 0% 1 2% 1 2% 1 2%
Information 0 0% 1 2% 1 2% 1 2% 1 2%
Manufacturing 24 50% 26 47% 25 46% 18 43% 25 50%
Other Services* 7 15% 8 15% 0 0% 0 0% 0 0%
Professional/Scientific Services 10 21% 10 18% 7 13% 3 7% 2 4%
Transport/Warehousing 0 0% 0 0% 0 0% 0 0% 3 6%
Wholesale Trade 2 4% 4 7% 5 9% 3 7% 3 6%
Admin. & Support; Waste Mgmt. & Remediation 3 6% 2 4% 2 4% 2 5% 1 2%
Utilities 0 0% 0 0% 0 0% 0 0% 0 0%
Accommodations and Food Service 0 0% 1 2% 1 2% 1 2% 1 2%
Management of Companies and Enterprises 0 0% 0 0% 0 0% 0 0% 0 0%
Finance and Insurance 0 0 0 0% 6 11% 6 14% 6 12%
Real Estate and Rental and Leasing 0 0 0 0% 1 2% 0 0% 1 2%
Total 48 100% 55 100% 54 100% 42 100% 50 100%
20
Local Enterprise Zones
Virginia 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 GY2021, 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.
Hubbard Peanut Company expanded operations into an old
The following sections of the annual report are a series of grocery store location in the city of Franklin. The 2021
appendices that provide the details of how our local partners renovations included a 7,000-square-foot retail market, café and
are contributing to the success of the program. entertainment venue, as well as the installation of a new
production line and a packaging room. The company invested
over $585,950 in the project and received an RPIG award $89,190.
21
Appendix A | Zone Highlights
Accomack County – Northampton County Bristol (City)
Rocket Lab announced the project in 2021 and broke Lux Enterprises created 49 jobs and received $36,296
ground in April 2022 on a 250,000-square-foot rocket in JCG awards. American Merchant received its
manufacturing complex on Wallops Island. Once fully second year of JCG award funding, creating 49 jobs
operational, the company will become one of the largest total and receiving $27,611 in award funds.
employers with one of the highest paid local work forces.
Coastal Precast Systems in Northampton County received
$37,424 in JCG awards for creating 54 new jobs.
Alleghany County – Clifton Forge (Town) – Covington (City)
The Alleghany Highlands is moving forward with the
creation of a 35-acre graded site on a 105-acre contiguous
parcel in the Alleghany Regional Commerce Center. This
site, located in the enterprise zone, will include a 750,000- The Alleghany Highlands Industrial Heritage and Technology
square-foot building or three separate buildings. Discovery Center in Covington is a project developed by the
Alleghany Historical Society as part of an area wide effort to create a
heritage trail and boost the economic revitalization of our community. It
Bedford (Town) showcases the 275+ years of settlement and growth of the Alleghany
Highlands and provides an interactive experience for visitors of all
The Bedford EDA awarded 12 grants for property ages and chronicles the technological advances in our industrial
improvement and equipment for businesses in the heritage. The Center had a total QRPI of over $879,112 and received
an RPIG award of $100,000
enterprise zone. The reimbursed incentives totaled $41,707
and leveraged private investment of $2,633,527. Work
began on a catalytic mixed-use project to convert an old
Rubatex factory into “The 620” at 620 Railroad Avenue that
will include with 52 apartments and three commercial
spaces near Beale’s Brewery.
22
Appendix A | Zone Highlights
Brunswick County – Mecklenburg County Charlotte County – Lunenburg County – Prince
Three new businesses opened in the Brunswick County Edward County
enterprise zone during 2021. Holistic Safe Space, Eastern Engineered Wood Products (EEWP) completed
Glorious Events and Designs, and Kindred Non construction at a 32-acre parcel in the Heartland Park
Emergency Medical Transport have accounted for the for a storage yard and distribution center for trusses
creation of 10 jobs for the community. In addition, the and other products. EEWP will be eligible for grants in
zone was expanded in 2021 to include two established the upcoming grant cycle.
businesses, Brunswick Box and the Butler Lumber
Danville (City) – Pittsylvania County
property, as well as to add property in the Alberta zone.
Tyson Foods’ celebrated the $300 million, 325,000-
Freeman Enterprises Inc. invested $533,027 in the
square-foot, state-of-the-art manufacturing facility,
rehabilitation of their building and received $86,605 in
which is expected to be operational in early 2023. RMC
RPIG awards.
Investments leveraged over $6.37 million in private
Carroll County – Galax (City) – Grayson County investment to received a $200,000 RPIG for the
Moog Inc. in the city of Galax invested over $5.4 million construction of a Hampton Inn.
in rehabilitation costs and was awarded $200,000 in
RPIG funds. Marathon Realty invested $5.24 million and
received $200,000 in RPIG funds.
Ma's Cakes is a locally owned bakery in the city
of Danville that offers a variety of pastries,
cakes, gourmet breads, juices coffee and teas.
The company invested over $464,235 and
received a Real Property Investment Grant of
$62,847.
23
Appendix A | Zone Highlights
Emporia (City) – Greensville County Hampton (City)
Two companies in Emporia invested over $1.45 million Two companies received the maximum $100,000
and received a total of $133,553 in RPIG awards. award for rehab/expansion projects. Wisconsin
Physicians Service Insurance Corporation received its
Franklin (City) – Southampton County – Isle of Wight
fifth year of JCG. The company has created a total of
County
260 jobs and received $198,920 in JCG funds for GY21.
Birdsong Corporation invested over $5 million to build
the Rose Valley facilities in the city of Franklin to store Henrico County
bulk farmer stock peanuts. The company received the Henrico County saw significant investment in its zone
maximum RPIG award of $200,000. Franklin Lumber with 11 businesses investing more than a total of $54
began installation of a sawmill line and building million in private investment. This included three
improvements in Isle of Wight County, valued at companies that invested over $5 million each in new
approximately $15 million. construction projects that received the maximum
award amount of $200,000 in RPIG funding. Kenmore
Halifax County – South Boston (Town) Envelope Company has added 62 jobs in the past three
This zone saw a total of private and public investment of years and received $46,920 in JCG funds in GY21.
over $8 million. Factory Street Brewery opened in a
former blighted tobacco warehouse in downtown South
Boston, and the SoVA Innovation Hub opened with a
tremendous partnership between Mid-Atlantic
Broadband Communities Corporation and Microsoft.
24
Appendix A | Zone Highlights
Henry County – Martinsville (City) Hopewell (City)
Crown Holdings Inc., an industry leader in metal WRM LLC completed a rehabilitation project, which
packaging technology, will invest $145 million to included investing over $566,200 and receiving a RPIG for
establish a manufacturing operation in Henry County. $93,241. AdvanSix received its third year of JCGs and has
The company will build a 355,000-square-foot created 84 net new jobs and was awarded $66,920.
aluminum beverage can production facility and create
126 jobs in the Commonwealth Crossing Business Lynchburg (City)
Centre. Press Glass Inc. continues to invest in Henry Businesses in the zone leveraged over $21.7 million in
County and receive JCGs for its new facility located in private investment and received a total of $674,302 in
the Commonwealth Crossing Business Centre. RPIGs. Finalized commercial building permits totaled
more than $29,680,594 million in real property
investment in the city’s enterprise zone. Of the 2,416
businesses licensed in the city in 2020, 50% have been in
business 10 years or more.
FerraTex Solutions LLC in the city of Martinsville
invested over $777,112 in the rehabilitation and
expansion of their facility. The company received
$100,000 in RPIG funds.
25
Appendix A | Zone Highlights
Newport News (City) Northern Neck Zone (Counties of Lancaster,
Newport News had 12 companies invest over $22.4 Northumberland, Richmond, Westmoreland, and Towns
million in capital investment in the enterprise zone. of Warsaw and Kilmarnock)
In addition, five companies created 429 jobs, The Town of Kilmarnock had three business that invested
including Liebherr-America Inc., who created 124 over $2.92 million to receive a total of $231,062 in Real
jobs in its third year of JCG eligibility. Property Investment Grants. This included the Boys and
Girls Club of the Northern Neck, which invested
Norfolk (City) $2,070,298 in their new building. Lillian Lumber company
A total of eight businesses utilized the zone benefits in Northumberland County invested $862,000 in
for a total of $550,543.14 in grant awards. Five remodeling and expansion of a retail store, consolidating
business utilized JCG for a total of $238,954 in grant two branches of the company and was awarded a
awards. The city had four new businesses create jobs $100,000 RPIG.
for over 25 employees, and seven businesses
expanded to create over 25 jobs. BAE Systems
Norfolk Ship Repair received its 13th year of JCG
awards, creating 128 new jobs in 2021. Colonna’s
Shipyard received its 14th year of JCG awards and
created 61 new jobs in 2021. Seaward Marine Corp
received its third year of JCG awards and has created
85 jobs.
Ferguson Enterprises completed construction on the company’s third headquarters (HQ3) building in the city of
Newport News. The headquarters is an eight-story building with 260,000 square feet of office space. Ferguson invested
over $82 million in their new building and received a $200,000 Real Property Investment Grant in 2021.
26
Appendix A | Zone Highlights
Patrick County – Stuart (Town) Portsmouth (City)
Prolam, a hardwood flooring manufacturer, W F Magann received their fifth year of JCGs, creating 101
announced that they would be expanding their jobs and receiving $78,248 in awards. Marcom Services
business, investing $12.8 million and creating 58 received their third year of grants, creating 41 jobs and
jobs. Ten Oaks LLC, a manufacturer of hardwood receiving $29,632 in awards. Two other businesses
floors, announced that they would invested $9.3 received JCG awards totaling over $15,650.
million to construct a new facility in the county and
create 11 jobs. Both companies are in the Enterprise Prince George County
Zone and eligible for EZ incentives once final placed- NVR Inc. received its third year of JCGs, creating 148 jobs
in-service documents are received. and receiving a total award in 2021 of $115,248. RAM’s
Petroleum invested over $2,300,000 and received a
Petersburg (City) $100,000 RPIG.
Two companies invested over $921,903 to receive a
total of $144,380 in Real Property Investment
Grants.
Pittsylvania County
Morgan Olson received their second year of JCG
funding. The company created 465 jobs and were
eligible for the maximum 350 jobs with an award of
$280,000. RAM’s Petroleum opened RAM’s Café in Prince George County. This
travel center offers made-to-order breakfast, lunch and dinner
options. RAM’s Petroleum invested over $2.3 million and received a
$100,000 RPIG.
27
Appendix A | Zone Highlights
Pulaski County – Radford (City) Roanoke (City)
Patton Logistics completed new construction on a Twelve businesses opened and one business expanded in
275,000-square-foot warehouse, investing over $12.47 2021 with over $10,000,000 in private investment. Five
million and received $200,000 in RPIG awards. The businesses received a total of over $426,935 in RPIGs.
company hired 21 employees and received $13,376 in Clarkston-Potomac Group Inc. received its third year of
JCG award. The city of Radford had two RPIG projects JCGs, creating 19 jobs and receiving $12,080 in awards.
that received a total of over $123,697 in awards.
Scott (County)
Richmond (City) Delhaize US Holding received $40,541 in RPIG award with a
Nineteen companies/commercial property owners private investment of $302,706.
received local enterprise zone incentives. The result was
approximately $59 million in private investment and Smyth County – Washington County – Chilhowie (Town) –
$1,976,212 in RPIG awards. Two companies received Glade Spring (Town)
$307,000 in JCG awards for creating/retaining over 950 Scholle IPN Packaging received its second year of JCGs,
jobs in the city. Economic development projects in this creating 42 jobs and receiving $29,472 in awards. Two
zone account for $833.5 million in new capital businesses received $100,000 each, the maximum RPIG
investment and 2,827 new jobs. award for rehab/new construction.
28
Appendix A | Zone Highlights
Staunton (City) Wise County
Two businesses invested over $2.6 million and received Tractor Supply company invested $362,146 to renovate a
$100,000 each in RPIG awards. store in Wise, and received $52,429 in RPIG funds.
Winchester (City) Wythe County
A private investor has purchased the former Sara Zane Musser Biomass and Wood Products invested $1,268,000
Firehouse and is working on the rehabilitation this for new production and drying capacity at their umber
property into eight residential units and two commercial facility for sawdust and wood shavings, which will be
spaces to be occupied with a coffee shop/deli and a sourced exclusively from Virginia saw mills. Two other
medical office. The owners of the former F&M bank companies invested over $7.25 million. These companies
building have continued renovations to their building received a total of $400,000 in RPIG funds.
and are adding 10 residential units and commercial
space. In 2021, the former Sunshine’s Pride Dairy was
purchased by TFC Poultry to renovate and operate a
turkey deboning facility. These projects will be eligible
for zone incentives upon completion.
NOVA of Virginia Aquatic Center is a component of the Regency Square shopping mall
redevelopment in Henrico County. The aquatics center was built from the former Macy’s
department store and represented an $8,799,966 investment. The project received a Real Property
Investment Grant of $200,000.
29
Appendix B | Incentive Usage by Zone, 2017-2021
Zone Information Number of Incentives Summary of 2020 Grants
Zone # Community Acreage Designation Expiration 2021 2020 2019 2018 2017 $ Amt. % of Total
Charlotte County 773 0 0 1 0
48 Lunenburg County 405 2000 2024 0 0 0 0 6 $236,507.26 1.71%
Prince Edward County 2,859 0 3 2 6
Dickenson County 3,645 0 0 0 0
49 Town of Clintwood 237 2000 2024 0 0 0 0 0 $0.00 0.00%
Town of Haysi 163 0 0 0 0
Town of Warsaw 961 1 4 3 3
Lancaster County 3,696 0 1 0 0
Northumberland County 2,496 1 0 0 1
50 2000 2024 8 $473,378.50 3.42%
Richmond County 1,140 0 0 3 0
Westmoreland County 3,786 2 2 2 0
Town of Kilmarnock 374 3 0 1 0
Smyth County 3,572 4 2 3 5
Washington County 3,594 2 1 0 0
51 2000 2023 4 $309,092.00 2.23%
Town of Chilhowie 505 0 0 0 0
Town of Glade Spring 289 1 1 0 0
Alleghany County 3,608 2 0 3 0
53 Town of Clifton Forge 246 2001 2025 0 1 1 0 1 $108,568.00 0.78%
City of Covington 639 0 3 1 3
Henry County 2934 1 2 7 0
54 2001 2025 4 $131,152.00 0.95%
City of Martinsville 527 0 2 2 4
30
Appendix B | Incentive Usage by Zone, 2017-2021
Lunenburg County 364 0 0 0 1
55 Town of Kenbridge 310 2001 2025 0 0 0 0 1 $0.00 0.00%
Town of Victoria 220 0 0 0 0
Pittsylvania County 3,428 3 4 0 1
57 2001 2025 4 $729,484.00 5.27%
City of Danville 1,608 4 3 1 2
Patrick County 3,621 0 0 0 2
22 2002 2021 1 $0.00 0.00%
Town of Stuart 176 0 0 0 0
City of Richmond (North) 3,588 15 22 35 34 34
28 2003 2022 $2,948,801.27 21.30%
Henrico County 3,811 13 17 12 16 16
1 City of Danville 1,911 2004 2023 7 8 9 5 5 $492,706.35 3.56%
2 City of Lynchburg 2,198 2004 2023 10 11 9 10 10 $879,647.69 6.35%
3 City of Newport News 3,839 2004 2023 10 15 14 12 12 $1,068,850.55 7.72%
5 City of Roanoke 1,904 2004 2023 7 11 7 11 11 $445,955.00 3.22%
Smyth County 619 0 0 0 0 0
6 2004 2024 $0.00 0.00%
Town of Saltville 357 0 0 0 0 0
8 City of Hampton 3,233 2005 2024 3 3 10 11 11 $237,035.43 1.71%
9 City of Hopewell 2,183 2005 2024 2 2 2 0 0 $160,161.00 1.16%
10 City of Petersburg 922 2005 2024 2 1 3 3 3 $144,380.89 1.04%
11 Wythe County 3,421 2005 2024 3 3 3 4 4 $400,000.00 2.89%
12 Town of Bedford 636 2005 2024 0 1 0 1 1 $0.00 0.00%
14 City of Waynesboro 608 2008 2027 0 2 2 1 1 $0.00 0.00%
31
Appendix B | Incentive Usage by Zone, 2017-2021
15 Halifax County 2,853 2008 2027 5 4 6 3 3 $301,964.30 2.18%
52 Wise County 3,808 2008 2027 1 0 1 0 0 $52,429.38 0.38%
4 City of Portsmouth 1,468 2010 2029 4 3 4 4 4 $254,434.00 1.84%
7 City of Norfolk 2,371 2010 2029 8 13 14 8 8 $550,543.14 3.98%
16 Prince George County 3,754 2010 2029 2 1 4 2 2 $215,248.00 1.55%
17 City of Staunton 699 2010 2029 2 3 2 2 2 $200,000.00 1.44%
City of Franklin 878 2 0 1 2 2
18 Southampton County 3412 2010 2029 0 0 0 3 3 $304,758.70 2.20%
Isle of Wight County 2,438 1 1 1 1 1
24 Pittsylvania County 3,132 2010 2029 0 0 0 0 0 $0.00 0.00%
19 City of Richmond (South) 3,611 2013 2032 6 7 3 7 7 $600,000.00 4.33%
Greensville 3,280 0 0 0 0 0
43 2013 2032 $133,553.00 0.96%
City of Emporia 631 2 0 1 2 2
20 City of Portsmouth 3,659 2014 2033 3 2 3 1 1 $94,048.00 0.68%
21 City of Winchester 607 2014 2033 0 1 2 2 2 $0.00 0.00%
23 Scott County 3,133 2014 2033 1 0 0 1 1 $40,541.28 0.29%
Pulaski County 3,748 4 3 4 3
25 2014 2033 3 $354,121.43 2.56%
City of Radford 1,289 2 4 2 3
Accomack County 3,361 0 0 1 3
26 2015 2034 1 $137,424.00 0.99%
Northampton County 2,993 2 1 2 4
32
Appendix B | Incentive Usage by Zone, 2017-2021
Carroll County 3,658 0 0 0 0
27 Grayson County 1,231 2015 2034 1 0 0 0 1 $400,000.00 2.89%
City of Galax 638 1 3 0 0
29 City of Bristol 634 2015 2034 3 4 5 1 0 $163,907.00 1.18%
30 Page County 2,084 2015 2034 0 4 0 0 5 $0.00 0.00%
31 City of Newport News 3,236 2015 2034 2 2 5 10 0 $124,400.00 0.90%
Mecklenburg County 2,738 2 1 1 0
32 2016 2035 8 $105,424.35 0.76%
Brunswick County 273 1 1 0 2
35 City of Hampton 3,636 2016 2035 3 2 10 7 6 $362,668.56 2.62%
Henry County 3,840 3 4 7 8
36 2016 2035 2 $168,633.00 1.22%
City of Martinsville 630 0 1 2 1
44 Tazewell County 3,786 2016 2035 2 2 1 2 4 $65,889.53 0.48%
46 City of Lynchburg 2,176 2016 2035 5 4 3 3 2 $448,407.82 3.24%
0 JCG from Expired Zones N/A N/A N/A 0 0 2 N/A $0.00 0.00%
33
Appendix C | Local Incentives
Accomack County #26A • Accelerated permit processing • Water and sewer connection
• Accelerated permit processing and • Utility service improvements and fee waiver
plan review reduction of connection fees
• Bond conduit issuer fee exemption • Zoning and signage fee waiver Carroll County #27A
• Business personal property tax grant • Building permit fee waiver
• Discounted land buy-down Bristol (City) #29 • Local job creation credit
• Local job creation grants in the • Accelerated permit processing program
Accomack Industrial Park • Business and job training grants • Water and sewer connection
• Local real property investment grants • Design assistance
• Marketing opportunities fee waiver
• Façade improvement grant
• Permit fee and land fill rebates • Partial real property tax Charlotte County #48A
exemption • Accelerated permit processing
Alleghany County #53A
• Utilities connection fee credit • Discounted land buy-down
• Building permit fee rebate
• Business license tax reduction • Machinery and tools tax grant
• Machinery and tools tax reduction Brunswick County #32B • Technology assistance in
• Partial real estate tax exemption • Accelerated permit processing industrial parks
• Utility consumption tax reduction • Building permit fee waiver • Workforce training
• Zoning fee rebate • Coordination with local banking
services
Bedford (Town) #12 • Discounted land buy-down
• Five-year business, occupational, • Low-interest loans for fixed assets
license (BPOL) fee rebates • Machinery and tools tax grant
• Five-year rehabilitated real estate tax • Partial real estate tax exemption
exemption
34
Appendix C | Local Incentives
Chilhowie (Town) #51C Covington (City) #53B Dickenson County #49A
• Building permit fee waiver • Machinery and tools tax grant • Building and permit fee waivers
• Business, professional and • Partial business, professional • Grants based on real estate taxes
occupational license fee waiver for and occupational license fee paid
businesses creating new jobs waiver • Machinery and tools tax grant
• Partial real estate tax exemption • Partial real estate tax exemption
• Partial real estate tax exemption
• Permit and zoning fee waiver • Utility connection fee rebates
Clifton Forge (Town) #53C • Workforce training grants
• Small business loan program
• Business, professional and
occupational license fee partial • Utility consumption tax
reduction Emporia (City) #43B
waiver • Business incubation grant
• Machinery and tools tax grant
Danville (City) #1 and #57B • Business personal property grant
• Partial real estate tax exemption
• Reimbursement of tap fees • Business, professional and
• Utility consumption tax reduction
• Zoning and building permit fee • Exemption from city permit fees occupational license fee waiver
rebate • Machinery & tools tax rebate • Façade improvement grant
• Partial business, professional • Machinery and tools tax grant
Clintwood (Town) #49B and occupational license fee • Partial real estate tax exemption
• Water and sewer connection fee waiver • Water and sewer connection fee
waiver • Local job creation grant waiver
• Workforce training opportunities • Zoning and building permit fee
waiver
35
Appendix C | Local Incentives
Franklin (City) #18A Grayson County #27B • Local real property investment
• Accelerated permit processing • Building permit fee waiver grants
• Discounted land buy-down • Water and sewer connection • Machinery and tools tax grant
• Electricity fee and tax rebate fee waiver • Partial permit fee waivers by the
• Regional Workforce Development town of South Boston
Center assistance
Greensville County #43A • Partial sales tax exemption in the
• Free temporary office space for up town of South Boston
• Building and zoning permit fee
to five persons • Utility tax grant on electricity and
waivers
• Machinery and tools tax grant natural gas
• Partial real estate tax exemption • Discounted land buy-down
• Grant based on real estate taxes • Workforce training opportunities
• Permit fee rebate
• Reduced fee for jobs skills paid
assessment • Machinery and tools tax grant
• Water and sewer connection
Galax (City) #27C fee waiver
• Building permit fee waiver
• Water and sewer connection fee Halifax County #15
waiver • Business, professional and
occupational license fee waiver Press Glass, the largest independent flat
Glade Spring (Town) #51D • Chamber of Commerce glass processing operation in Europe,
• Partial real estate tax exemption membership fee waivers invested $43.55 million and established a
• Business, professional and • Discounted land buy-down
280,000-square-foot manufacturing
operation to employ 212 in Henry County.
occupational license credit • Furniture, fixtures and The company received a JCG in the amount
equipment grant of $131,152 in 2021.
36
Appendix C | Local Incentives
Hampton (City) #8 and #35 Henrico County #28B Henry County #46A and #54A
• Capital investment grants • Accelerated permit processing • Building permit fee waiver
• Business, professional and and design assistance • Furniture, fixtures and equipment
occupational license fee rebate • Architectural Design Assistance grant
• Refund of local utility taxes Program for façade, exterior • Machinery and tools tax grant
• Real property improvement tax (landscaping) improvements • Partial real estate tax exemption
credit • Building demolition and site • Water and sewer connection fee
• Redevelopment cost write down preparation grant waiver
• Coliseum physical improvement • Crime prevention through
grant environmental design Hopewell (City) #9
• Coliseum central cooperative • Façade improvement grants • Accelerated permit processing
advertising program & security • Freestanding signage grants • Crime prevention assessments
improvement grant • Offsite improvement grants for
• Fire safety education seminars
• Façade improvement grants draining, water and sewer,
• Manufacturing and innovation • Land development and permit fee
extending broadband and
grants construction or replacement of waivers
• NASA Langley Research Center sidewalks • Partial business, professional and
Technology grants • Parking lot sealing and paving occupational license fee waiver
• Downtown Hampton and Phoebus and landscaping grants • Partial real estate tax exemption
Retail Incentive grants • Partial real estate tax exemption • Public facility and infrastructure
• Permit and plan review fee enhancements
waivers • Sewer connection fee waiver
• Training seminars for businesses
• Workforce training
opportunities
37
Appendix C | Local Incentives
Isle of Wight County #18C • Water and sewer connection Lunenburg County #55A
• Accelerated permit processing fee waive • Accelerated permit processing
• Local job creation grant • Zoning, permit and subdivision • Building permit fee waiver
• Machinery and tools tax grant fee waivers • Business, professional and
• Permit fee waivers occupational license fee waiver
Lancaster County #50B • Discounted land buy-down
Kenbridge (Town) #55B • Capital investment and job • Equipment investment grants
• Accelerated permit processing creation incentives • Industrial and commercial
• Building permit fee waiver • Façade improvement grants development grants
• Business, professional and • Micro-enterprise loan pool • Tax-exempt industrial revenue
occupational license fee waiver
• Partial real estate tax exemption bonds
• Discounted land buy-down
• Workforce training opportunities
• Tax-exempt industrial revenue
Lunenburg County #48B
bonds
• Water and sewer connection fee • Accelerated permit processing
waiver and reduced extension fees • Discounted land buy-down
• Workforce training • Machinery and tools tax grant
• Real estate tax grants
Kilmarnock (Town) #50A • Technology assistance
• Auto decal fee waiver • Workforce training
• Business, professional and opportunities
occupational license fee waivers
• Capital investment and job creation
incentives
38
Appendix C | Local Incentives
Martinsville (City) #46B and #54B Newport News (City) #3 Norfolk (City) #7
• Building permit fee waiver • Business, professional and • Building permit fee waiver
• Business, professional and occupational license fee rebate • Business assistance
occupational license fee rebate • Infrastructure improvements to • Business, professional and
• Furniture, fixtures and equipment the Oakland Industrial Park and occupational license fee rebate
grant Carleton Farm Industrial Park • Free tax consultations
• Grant based on real estate taxes • Occupancy cost reduction for • Marketing opportunities
paid target industries • Norfolk Redevelopment Housing
• Machinery and tools tax grant • Utility tax Authority technical and research
• Partial real estate tax exemption assistance and access to free
• Water and sewer connection fee Newport News (City) #31 meeting space
waiver • Business assistance • Partial real estate tax exemption
• Business, professional and • Utility consumption tax reduction
Mecklenburg County #32A occupational license fee rebate
• Building permit fee waiver • Discounted land buy-down Northampton County #26B
• Coordination with local banking • Loan guarantee assistance • Accelerated permit processing and
services • Low-interest loan pool plan review
• Discounted land buy-down in the • Occupancy cost reduction for • Micro-enterprise loan pool
Airport Industrial Park target industries • Partial real property tax
• Local job creation grant • Partial real estate tax exemption exemption
• Machinery and tools tax grant • Utility consumption tax
reduction
39
Appendix C | Local Incentives
Northumberland County #50C • Discounted land buy-down Portsmouth (City) #20
• Capital investment and job creation • Façade improvement grants • Business personal property
incentive • Machinery and tools tax grant investment grant
• Partial real estate tax exemption • Façade improvement grants
Page County #30 • Water and sewer connection • Machinery and tools tax grant
• Accelerated permit processing fee reduction • Mixed-use development
• Business, professional and • Water and sewer permit fee incentives
occupational license fee rebate waivers • Partial real estate tax exemption
• Capital investment grants • Permit fee waivers
• Development fee rebates Pittsylvania County #24 and #57A • Streetscape improvement grants
• Local sales, meals and lodging tax • Dan River Businesses
partial refund Development Center assistance
• Partial real estate tax exemption • Discounted land buy-down
• Small business loan program • Local job creation grant
• Machinery and tools tax grant
Patrick County #22A • Partial business, professional
• Building permit fee waiver and occupational license fee
• Machinery and tools tax grant waiver
• Partial real estate tax exemption • Partial real estate tax exemption
• Permit fee waiver
Petersburg (City) #10 • Regional Center for Applied
• Architectural Design Assistance Technology and Training Speyside Bourbon Cooperage created
Program 19 new jobs this year in Smyth County
assistance and received $12,592 in JCG awards.
• Building and land disturbance • Utility connection fee rebates
permit and zoning fee waivers
40
Appendix C | Local Incentives
Prince Edward County #48C • Utility consumption tax Saltville (Town) #6A
• Accelerated permit processing reduction • Broadband access connection
• Architectural design fee rebate in • Zoning fee waiver reimbursement
Farmville Historic District • Business personal property
• Building permit fee waiver Richmond County #50E investment grant
• Business security audit • Capital investment and job • Downtown revitalization grants
• Crime Prevention through creation incentives and loans
Environmental Design • Partial real estate tax exemption • Tourism marketing mini-grant
• Discounted land buy-down in
Prince Edward Business Park Roanoke (City) #5 Scott County #23
• Machinery and tools tax grants in • Business security grant • Building permit and zoning fee
select business parks • Development fee rebates waiver
• Partial real estate tax exemption • Façade, parking and landscaping • CPA fee refund for EZ incentive
• Permit fee waiver for select improvement grants attestation
properties • Fire suppression retro-fit grant • Grant based on real estate taxes
• Water and sewer connection fee and connection fee rebate paid
reduction in the town of Farmville • Neighborhood parks and • Lodging tax grant
recreation grant • Machinery and tools tax grant
Prince George County #16 • Partial real estate tax exemption • Merchant capital tax grant
• Business, professional and • Water and sewer and fire
occupational license fee rebate connection fee rebates
• Machinery and tools tax grant
41
Appendix C | Local Incentives
Smyth County #6B and #51A Staunton (City) #17 Stuart (Town) #22B
• Loan assistance • Five-year business grant • Business, professional and
• Partial real estate tax exemption • Crime prevention through occupational license fee reduction
• Stimulus grant for job creation and environmental design • Machinery and tools tax grant
equipment investments • Labor pool information • Partial real estate tax exemption
• Water and sewer connection fee • Local job creation grant • Water and sewer connection fee
reduction • Low-interest loan pool waiver
• Workforce training opportunities • Machinery and tools tax grant
• Partial real estate tax exemption Tazewell County # 44
Southampton County #18B • Permit fee waivers • Industrial development grant
• Accelerated permit processing • Public property enhancement programs
• Building permit fee waiver and beautification program • Partial real estate tax exemption
• Discounted land buy-down • Water and sewer connection
• Labor pool information fee reduction Victoria (Town) #55C
• Machinery and tools tax grant • Workforce training assessment • Accelerated permit processing
• Partial real estate tax exemption • Business, professional and
• Zoning modification
• Temporary office space occupational license fee waivers in
consideration
• Utility tax grant for electricity the Kilmarnock Business and
• Workforce training Technology Park
• Discounted land buy-down
• Tax-exempt industrial revenue
bonds
• Water and sewer connection and
extension fee reduction
42
Appendix C | Local Incentives
Warsaw (Town) #50F Westmoreland County #50D • Exterior Improvement Grant
• Capital investment and job creation • Capital investment and job Program
incentives creation incentives • Revolving loan fund
• Façade improvement grants
• Partial real estate tax exemptions Winchester (City) #21 Wise County #52
• Business development grants • Building permit fee waiver
Washington County #51B • Commercial and mixed-use • Discounted land buy-down and
• Building and zoning permit fee property rehabilitation grant reduced development costs
waivers or reductions • Development fee rebates • Machinery and tools tax grant
• Discounted land buy-down • Entrepreneurship grant • Partial real estate tax exemption
• Partial real estate tax exemption • Façade improvement loans • Workforce training at UVA Wise
• Tax-exempt industrial revenue • Professional job creation grant and MECC
bond application fee waiver • Major mixed-use development
incentive
Waynesboro (City) #14 • Micro-enterprise loan pool
• Local job creation grants in the • New or expanding technology-
Accomack Industrial Park driven business grant
• Partial real estate tax exemption • Partial real property tax
• Sidewalk and landscape exemption
enhancement grants • Residential real estate
improvement grant
43
Appendix C | Local Incentives
Wythe County #11
• Accelerated permit processing
• Business, professional and
occupational license fee reduction
• Dining and lodging establishment
grants
• Discounted land buy-down in
Progress Park
• Local job creation grants for high-
wage businesses
• Permit fee waivers
• Revolving loan fund
• Sewer connection fee reduction
American Merchant made their new home in Bristol, Virginia in 2018. They have
• Water consumption rate reduction
invested more than $24 million in state-of-the-art equipment including a water
treatment facility that restores water to its original quality, before being returned
to local waterways. The textile company is committed to sustainable production as
well as re-shoring. The company received an RPIG grant in 2019 for $167,863.96
and received JCG grants totaling $49,668.00 in 2020 and 2021. Thus far, they have
created almost 50 jobs.
44
Appendix D | Enterprise Zone Map
45
Appendix E | High Unemployment Areas (HUAs)
ZONE NAME ZONE #
Brunswick County 32B
City of Danville 1 & 57B
City of Emporia 43B
City of Franklin 18
City of Hopewell 9
City of Martinsville 36
City of Peterburg 10
City of Portsmouth 4 & 20
*The following communities in joint zones are NOT HUAs:
• Greensville County
• Henry County
• Isle of Wight County
• Mecklenburg County
• Pittsylvania County
• Southampton County
Businesses in these communities are NOT ELIGIBLE for the reduced wage threshold.
46
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