Virginia Enterprise Zone GY2022 Annual Report
Summary
The Virginia Enterprise Zone (VEZ) Grant Year 2022 (GY2022) annual report. It opens with a program overview of the Real Property Investment Grant (RPIG) and the Job Creation Grant (JCG), which replaced the earlier tax credit benefits under the Enterprise Zone Grant Act of 2005. The Grant Year 2022 summary table lists $9,357,734 in RPIG funds disbursed, $1,795,246 in JCG funds disbursed, a total of $11,152,980, 2,745 jobs created and $466,494,655 in investment leveraged. The closing pages note that investors creating grant-eligible jobs in calendar year 2023 are eligible for Grant Year 2023.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Virginia Enterprise Zone GY2022 Annual Report.”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-rd502-690bfcab20/
, SHA-256 b0d43dd81acc9092d9d49b2e6a10b56d6fec1ffbcb8058c15553f4bfaf4d1d2b.Full text
VIRGINIA
ENTERPRISE ZONE
GY2022 ANNUAL REPORT
www.dhcd.virginia.gov
Content
3 VEZ Program Overview
4 Grant Year Summary
5 Real Property Investment Grant (RPIG)
6 Job Creation Grant (JCG)
7 Grant Year 2022 RPIG Overview
10 RPIG by Property End Use
11 RPIG by Project Type
12 RPIG by End Use and Project Type
13 RPIG by Qualified Zone Investors
14 Job Creation Overview
15 JCG by Wage Rates
16 JCG by Sector
17 Enterprise Zones
18 High Unemployment Areas (HUAs)
19 Appendix C | Zone Highlights
23 Appendix D | Incentive Utilization
25 Appendix E | Local Incentives
VEZ Program Overview
The Virginia Enterprise Zone (VEZ) initiative is a collaboration between the also permitted prequalified businesses to maintain access to the former
Commonwealth of Virginia and local governments, aimed at boosting job general income and investment tax credit incentives. The tax credit program
creation and investment in real property. This program seeks to stimulate reached its official conclusion in 2019.
economic growth and rejuvenate economically challenged areas at both
local and regional levels. Virginia comprises 45 enterprise zones, covering approximately 245 square
miles. These zones are located within 20 cities, 34 counties and 12 towns.
Originating in 1982, VEZ began as a tax credit initiative. Subsequently, the In GY2022, 17 out of the 45 zones were categorized as joint zones, which
Enterprise Zone Grant Act of 2005 replaced the prior tax credit benefits with includes zones designated jointly by counties and towns before 2005.
two new grants: the Real Property Investment Grant (RPIG) and the Job Additionally, 12 localities had two enterprise zone designations.
Creation Grant (JCG). These grants are tied to performance, necessitating
companies to meet specific job creation criteria and/or initiate real property
investments before becoming eligible for grant consideration. The 2005 act
3 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Grant Year 2022
When combined with various local, state and federal programs, the incentives
provided by VEZ can amplify considerable private sector investments, driving
economic development in communities across the Commonwealth. Presently, there
Program Summary are 45 enterprise zones spread throughout the state, covering roughly 245 square
miles. These zones encompass 20 cities, 34 counties and 12 towns.
Table 1 | Grant Year 2022 Summary
RPIG JCG Total
Fund Requests $9,357,734 $1,795,246 $11,152,980
45
enterprise Funds Disbursed $9,357,734 $1,795,246 $11,152,980
zones
Number of Grants Issued 104 38 142
20 34 Number of Entities 97 38 135
cities counties
Proration (RPIG only) $0 N/A $0
Jobs Created N/A 2,745 2,745
12
towns
Investment Leveraged $466,494,655 N/A $466,494,655
Average QRPI per RPIG Grant QRPI not yet defined N/A QRPI not yet defined
4 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Real Property Investment Grant (RPIG)
The Real Property Investment Grant (RPIG) In cases of rehabilitation and expansion projects zone investor expenditure of $450,000 to qualify.
offers financial assistance to offset the “hard” a minimum QRPI investment of $100,000 Solar-only projects ranging from $50,000 to
construction expenses associated with qualified is necessary to qualify for RPIG. For new $100,000 are exempt from QRPI requirements
real property investments (QRPI) in enterprise construction initiatives, a minimum investment for grant eligibility.
zones. These investments pertain to properties outlay of $500,000 is required for eligibility. Grant
under construction, expansion or rehabilitation. allotments for all property types are calculated Allocation of enterprise zone grants hinges on an
For QRPI amounts under $5 million, the program based on the investment that surpasses annual appropriation by the General Assembly.
extends grants of up to 20% (capped at $100,000 the $100,000 and $500,000 thresholds for As per statute, funding priority is given to Job
within five consecutive years) of the total rehabilitation and new construction. Creation Grants (JCGs). After fully funding
QRPI within a building or facility. If the QRPI JCGs, any remaining funds are distributed to
reaches $5 million or beyond, grants of up to In 2019, the program expanded to encompass RPIG, and the payment to each RPIG applicant
20% per building or facility are attainable, up to solar-only projects and lowered the threshold is proportional if grant applications exceed
a maximum of $200,000 over five consecutive amounts for projects incorporating solar panels. the remaining funds. In the 2022 Grant Year
years. For solar panels, a zone investor must spend (GY2022), RPIG requests were fully awarded
at least $50,000 to be eligible for RPIG. New without proration. Table 2 provides a visual
construction projects that include solar panels representation of the calculations for grant
costing at least $50,000 mandate a minimum requests under RPIG.
Table 2
Example-RPIG Threshold and Award
Total
Grant-Eligible
TYPE Investment Threshold Funds Grant Rate Grant Request Pro- ration Grant 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
5 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Job Creation Grant (JCG)
The Job Creation Grant (JCG) offers financial Eligible businesses meeting the criteria have the Certified business entities meeting regulations
incentives to encourage the establishment potential to receive up to $800 for each net new, set forth by the director of the Virginia
of full-time employment opportunities with permanent, full-time position beyond a baseline Department of Small Business and Supplier
compensation exceeding the minimum wage threshold of four positions, spanning a maximum Diversity under § 2.2-1606, subdivision 8, of the
within enterprise zones. In 2021, the Virginia span of five years. Qualified businesses can Code of Virginia are qualified to apply the reduced
General Assembly enacted legislation modifying secure grants for up to 350 positions created wage rate threshold (125% of minimum wage) in
the interpretation of “minimum wage” within annually, for a cumulative maximum of five fulfilling requirements for the $500 grant.
the VEZ program. As outlined in Virginia Code years. It is important to note that sectors such as
13VAC5-112-10, “minimum wage” signifies retail, food and beverage, personal services and In all other enterprise zones, qualifying positions
either the federal or Virginia minimum wage, nonprofit positions are ineligible for JCG benefits. yielding compensation of at least 150% of the
whichever is higher, determined for the ongoing minimum wage are eligible for a $500 grant per
calendar year by the department as of Dec. 1 of In regions designated as High Unemployment new position formed, while positions offering at
the preceding year. This determination remains Areas (HUAs), qualifying businesses can least 175% of the minimum wage qualify for an
effective throughout the year, unaffected by acquire JCGs amounting to $500 for each job $800 grant per created position, as demonstrated
fluctuations in the federal or state minimum wage established, adhering to program prerequisites, in Table 3.
during that period. For GY2022, the applicable with a lowered wage threshold set at 125% of
state minimum wage stood at $9.50 per hour. the minimum wage. HUAs encompass localities
where unemployment rates are equal to or exceed
150% of the statewide average unemployment
rate. For a comprehensive listing of HUA zones
for GY2022, refer to Appendix B.
Table 3 ELIGIBILITY % of Minimum Wage Hourly Pay Minimum Grant Award per Job*20%
JCG Grant Wage Thresholds
and Awards
HUAs / SWaM 125% $11.88 $500
All Other EZs 150% $14.25 $500
Max 175% $16.63 $800
*Jobs above the four-job minimum threshold meeting all other program requirements
6 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Grant Year 2022 RPIG Overview
In total, 104 RPIG grants were issued to 97 Figure 1:
distinct investors and businesses. These Funding Shortfall & Surplus History,
investors and businesses utilized $466,494,655 GY 2012-2022
for qualified real property investments, resulting
in RPIGs, with an average QRPI per grant
amounting to $4,485,525.
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Figure 1 and Table 4 depict the contrasts
between allocations and requests for VEZ $6,000,000
grants over the preceding decade. With
increased program funding in 2021 and 2022, $4,000,000
the initiative fully financed both JCG and
RPIG grants for the second consecutive year,
$2,000,000
while also accruing a surplus of $5,097,019 in
GY2022. The VEZ program had not experienced
a surplus in funding for a decade, tracing $0
back to the 2011 grant cycle. Within the past
10 years, GY2015 saw the most significant -$2,000,000
shortfall, with approximately $4.7 million
in excess funds requested compared to
-$4,000,000
disbursed, leading to a proration of $0.67 for
each dollar disbursed in grants. For GY2022,
the projects qualifying for funds received final -$6,000,000
placed-in-service documentation in the calendar
year 2022. The projects that secured funding in
GY2022 initiated construction in 2020 or earlier,
predating the onset of the COVID-19 pandemic.
The surplus of funds in GY2022 can be likely be
attributed to persistent pandemic-related rises
in construction costs and disruptions in supply
chains.
7 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Table 4:
RPIG Proration by Grant Year 2018-2022
YEAR 2018 2019 2020 2021 2022
Surplus/Shortfall -$3,696572.23 -$2,215,484.00 -$1,647,653.00 $1,167,191.00 $5,097,019.80
Appropriation $13,500,000.00 $14,500,000,00 $14,500,000,00 $14,750,000.00 $16,250,000.00
Grant Request $17,196,572.23 $16,715,484.00 $16,147,653.00 $13,582,809.00 $11,152,980.20
RPIG Request $14,499,840.23 $13,788,160.00 $14,217,222.00 $11,089,415.74 $9,357,734.20
Proration 75% 84% 88% 0% 0%
Since the establishment of the VEZ grant program in 2005, a
substantial portion of the funds has been directed towards RPIG
grants. However, starting in GY2010, priority shifted towards JCG
applications. JCG awards are granted full funding at 100%, after which
any remaining funds are prorated among eligible RPIG applicants.
Over the past decade, the interest in RPIG awards has consistently
surpassed the demand for JCGs.
In 2022, the ratio of RPIG requests to JCG requests was $5.21 in RPIG
requests for every $1 in JCG requests.
8 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Figure 2:
Grants by Investment Amount, 2018-2022
RPIGs are granted to zone investors based on their qualified 100%
real property investments, which encompasses a varying
spectrum of amounts. These investments range from the
mandated minimum of $50,000 for solar-only projects to
substantial figures surpassing $10 million. During GY2022, 80%
zone investors engaged in QRPIs spanning from $69,760 for
solar-only projects to $148,915,613 for new construction.
Figure 2 shows an illustration of QRPI ranges over the last
five years. 60%
In the GY2022 cycle, investments within the bracket of
$500,000 to $999,000 constituted 26.7% of the aggregate
QRPI amounts, maintain consistency with previous
40%
years. Investments ranging from $5 million to $10 million
constituted 10.7% of the projects for the current year,
marking an estimated 11% decrease compared to the prior
year, while reflecting an average reduction of 20% over
the past five years. Investments exceeding $10 million 20%
comprised another 10.7% of the total grants, showcasing a
marginal 3.75% decline from the previous year. Investments
within the range of $2 million to $5 million constituted
about 9% of the total QRPI, closely trailed by the $100,000 0%
to $499,000 range at 11.5%, which indicates a 3% drop
from 2021. Over 31.6% of investments fell within the $1-2 2018 2019 2020 2021 2022
million range, marking the most substantial range among all
investments. This figure is around 20% higher than GY2021
and approximately 10-15% above the average. $50,000-99,999 $2 million -5 million
$100,00-499,999 $5 million -10 million
$500,000-999,999 $10 million +
$1 million - 2 million
9 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
GY2022 RPIG by Property End Use
RPIG funding is exclusively accessible for Figure 3:
investments into commercial, industrial, or RPIG Application by Property End Use, 2018-222
mixed-use properties, where a minimum of
30% of the usable floor space is allocated to
commercial, office, or industrial functions. 100%
Both retail and office properties fall under
the category of commercial properties in
the context of RPIG. As highlighted in Figure 80%
3, commercial projects have consistently
constituted the largest segment, accounting for
over 70% of RPIG applications during the past
five grant cycles. However, GY2022 witnessed 60%
a decrease in industrial property applications,
declining from 17% to 10% of the total RPIG
awards granted. Over the last five years, mixed-
use properties have consistently represented
40%
between 10-12.5% of all RPIGs. In the year
2022, 82 RPIGs were allocated for commercial
use, followed by 10 for industrial properties and
12 for mixed-use developments.
20%
Commercial
0%
Industrial 2018 2019 2020 2021 2022
Mixed Use
10 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
GY2022 RPIG by Project Type
Property enhancements that are eligible Figure 4:
for RPIGs encompass new construction, RPIG Applications by Project Type, 2018-2022
rehabilitation of existing structures, expansion
of current buildings or facilities, and solar
projects. Figure 4 illustrates the distribution 100%
of RPIG awards based on the type of property
improvement across the last five grant cycles.
Solar-only projects were introduced as eligible
in GY2020, accompanied by a new and 80%
lower-threshold for projects involving solar
installations.
Throughout the past five years, the largest 60%
portion of grants awarded has consistently
been directed towards rehabilitation projects,
closely trailed by new construction initiatives.
In GY2022, investors undertaking the expansion
40%
of existing buildings or facilities accounted
for 9% of the granted awards, while solar-only
projects secured the smallest share of grant
awards. The substantial count of rehabilitation
20%
projects attests to the program’s efficacy in
accomplishing its goals of revitalization.
Expansion 0%
Rehabilitation 2018 2019 2020 2021 2022
New Construction
Rehab/Exp with Solar
Solar Only
11 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
GY2022 RPIG by End Use and Project
There are multiple factors contributing to why rehabilitations of commercial The average grant award by property improvement exhibited a distinct
spaces make up the majority of RPIG awards. Numerous enterprise pattern: new construction projects held the highest average RPIG at
zones encompass downtown areas and commercial corridors, fostering $113,724, followed by the expansion of existing facilities with an average
a significant number of small- and mid-size commercial rehabilitation award of $101,288 and rehabilitation projects with an average RPIG of
projects spanning retail, restaurants, office spaces and other commercial $79,514. The single solar-only project garnered a grant award of $13,952.
uses. In these zones, resources like the Virginia Main Street program or Mixed-use new construction and mixed-use expansion projects secured the
local rehabilitation tax incentives often encourage adaptive reuse and most substantial average RPIGs, each averaging around $200,000. They
rehabilitation as opposed to demolition and new construction. were trailed by industrial rehabilitation projects in terms of average grant
During the 2022 grant cycle, the average highest QRPI for expansion amounts.
projects reached $15.18 million. This was succeeded by new construction,
averaging over $9 million, and rehabilitation, which estimated $1.16 million.
In this cycle, rehabilitation and expansion projects involving solar did not
receive any grant applications, however, there was a solitary solar-only
project with a QRPI of $69,760.
12 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
GY2022 RPIG by Qualified Zone Investors
Qualified Zone Investors” include property Figure 5:
owners (occupant or non-occupant), owners Application by Type of Zone Investor, 2018-2022
of space within a larger building or facility
(condominium), tenants leasing space and
capitalizing any improvements made to 2022
that space and developers capitalizing their
investment before the property is sold. As
Figure 5 shows, non-occupant property owners
have been the most common type of qualified 2021
zone investor in the previous five years,
excluding GY 2021. The owner-occupant was
the second highest type of qualified property
investor followed by tenants improving leased 2020
space and developers. GY2022 did not have
any qualified applicants that own space within
a building.
2019
VEZ requires that investors capitalize and/or
expense their investment to qualify for RPIGs.
The program is not open to developers who will
not be expensing and/or capitalizing hard cost
2018
real property investments, which is one reason
why the percentage of developers making up
total qualified zone investors tends to be lower.
0% 20% 40% 60% 80%
Tenant Non-Occupant Owner Owner Occupant Developer Owns space in bilding
13 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
GY 2022 Job Creation Overview
In GY2022, a total of $1,795,246 in Job Creation Grants (JCGs) were making them contributors to job creation. These job generators were
provided to 38 businesses, a breakdown of which is presented in geographically dispersed throughout Virginia, with operations located
Table 5. JCG requests accounted for 16% of the overall requested and in the cities of Newport News and Hopewell, and the counties of Henry
awarded funds. and Pittsylvania.
Within this cycle, a single company applied for the maximum allowable
number of positions (350) eligible for JCG awards. Three additional
companies submitted applications for positions ranging from 200-349,
Table 5: Job Creation Grant Summary, 2018-2022
YEAR 2018 2019 2020 2021 2022
Qualified Businesses 55 54 42 50 38
Jobs Created (PFTPs) 2,108 1,519 825 1,362 825
Total Awards $2,696,732 $2,927,324 $1,930,431 $2,493,393 $1,795,246
Award per Job Created $1,279.28 $1,926.58 $2,339.75 $1,830.69 $2,176.06
Average New Jobs per Firm 38 28 20 27 22
Total Qualified Jobs 4,543 4,676 2,740 4,115 2,745
Average Qualified Jobs per Firm 83 87 65 82 72
**Jobs Created PFTPs is a year over year look at jobs created by firms applying. Total Qualified Jobs is the total amount of jobs
created by companies in current year, prior to subtracting the four-job-minimum threshold.
14 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
GY2022 JCG by Wage Rates
Job Creation Grant (JCG) award amounts are determined based on wage approximately 7% (249 jobs) of all jobs in applying companies were in HUA
rates for newly created positions within eligible firms. In HUAs, businesses localities, qualifying for a $500 grant per eligible position by exceeding
creating new positions with wages between 125-149% of the minimum wage 125% of the minimum wage. There were no SWaM applications for GY2022.
are eligible for a grant award of $500 per position. For businesses paying Roughly 11% (380 jobs) of total jobs met or exceeded 150% of the minimum
employees at 175% or above the minimum wage, the grant amount becomes wage, resulting in a $500 grant award per eligible position. In line with
$800 per eligible position. previous years, the majority of jobs, approximately 82% (2,823 jobs), earned at
least 175% of the minimum wage, leading to an $800 grant award per eligible
For areas outside of HUAs, eligible businesses must pay their employees position. This shift from previous years is likely due to the increased minimum
at least 150% of the minimum wage to qualify for a grant award. Higher wage requirements in Virginia.
grant amounts are available for positions paid at over 175% of the minimum
wage. Certified business firms throughout Virginia that adhere to regulations Of the 54 designated localities (excluding towns within these counties),
stipulated by the director of the Virginia Department of Small Business and approximately eight were designated as HUAs for GY2022. Firms within three
Supplier Diversity, per subdivision 8 of § 2.2-1606 of the Code of Virginia, can of these HUAs submitted JCG applications, accounting for 21% of the total
apply the reduced wage rate threshold (125% of minimum wage) to meet the grant awards granted. For a comprehensive list of GY2022 HUA localities,
criteria for the $500 grant amount. refer to Appendix B.
During the 2022 grant cycle, the JCG minimum wage thresholds were Figure 6: JCG Total Jobs Wage Rates, 2018-2022
adjusted to align with increased minimum wage rates. As Figure 6 illustrates,
100%
80%
60%
40%
* For GY2022 the minimum threshold for wages was lowered to
175% - 150% - 125%. Based on total jobs for companies applying for 20%
grants during GY 2022: 3,451.3 jobs.
0%
2018 2019 2020 2021 2022
15 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
GY2022 JCG by Sector
The industry sector of each recipient entity of Job Creation Grants (JCGs) is Health Care/Social Assistance (NAICS 621-624), Professional/Other
classified using the North American Industry Classification System (NAICS) Services (NAICS 541), Wholesale Trade (NAICS 423-425), Administrative
codes. Similar to prior grant cycles, in GY2022, manufacturers (NAICS 300) (NAICS 561-562), and Finance and Insurance (NAICS 521-525) collectively
accounted for the largest proportion of qualified firms, comprising 61% represented the remaining 25% of jobs generated, each contributing no
of all grantees. Following this, the construction sector (NAICS 236-238) more than three jobs per business sector.
constituted the second-largest share, making up 13% of the total qualified
firms, as depicted in Figure 7.
Other
Finance and Insurance
Figure 7:
Administrative
Job Creation by Sector, 2022
Construction
Wholesale Trade
Professional/Scientific
Health Care/Social Assistance
61% Manufacturing
13% Construction
8% Wholesale Trade
5% Finance and Insurance
5% Health Care/Social Assistance Manufacturering
3% Administrative & Support, Waste
Mgmt. and Remediation
3% Other
All information in this report is sourced from the Enterprise Zone Administration Database and stems from data generated by Local Zone Administrators
(LZAs), businesses, and investors via incentive applications. The following sections of the annual report consist of a range of appendices that outline the
contributions of our local partners to the program’s achievements.
16 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix A | Enterprise Zones
17 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix B | High Unemployment Areas (HUAs)
32B 43B 9 10
Brunswick County City of Emporia City of Hopewell City of Petersburg
1 57B 18 36 4 20
City of Danville City of Franklin City of Martinsville City of Portsmouth
The following communities in joint zones are NOT HUAs, businesses in these
communities are NOT ELIGIBLE for the read reduced threshold.
Greensville County
Henry County
Isle of Wight County
Mecklenburg County
Pittsylvania County
Southhampton County
18 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix C | Zone Highlights
Accomack County – Brunswick County – Fishin’ Pig invested over $48,400
Northampton County (#26) Mecklenburg County (#32B) in qualified investments for the
Coastal Precast Systems in RLB Holdings 21 LLC received rehabilitation of a building for
Northampton County received $93,421 in RPIG funds for a new their new restaurant location and
JCG funds for the second year for construction with an investment received $69,681 in RPIG funds.
creating a total of 31 new jobs. of over $967,100 in Brunswick
County. In Mecklenburg County, Danville (City) (#1)
Alleghany County – Covington a company doing business as JKCROPPP LLC and Memorial
(Town) – Clifton Forge (Town) South Hill VA LLC (NWC E Atlantic HTC LLC received $100,000
(#53) and Peebles) received $69,632 and $200,000 in RPIG funds,
Schaeffer Rolls received JCG in total RPIG funds with a private respectively. Infinity Global
funds for the third year for investment of over $848,160. received JCG funds for the third
creating a total of 17 new jobs in qualifying year for creating a total
Alleghany County. Carroll County – Galax (City) – of 28 new jobs.
Grayson County (#27)
Bedford (Town) (#12) JMB Investment Company Dickenson County – Clintwood
With a private investment of over invested over $1.2 million in (Town) – Haysi (Town) (#49)
$143,000, Proprietors Group of Carroll County on the construction JMB Investment Company LLC
Bedford received RPIG funds for of a new retail building and invested over $1 million and
the rehabilitation of a mixed-use received $100,000 in RPIG funds. received $100,000 in RPIG funds
building. in Clintwood.
Charlotte County – Lunenburg
Bristol (City) (#29) County – Prince Edward Emporia (City) – Greensville
Qualifying for the third year in a County (#48) County (#43)
row, American Merchant received In Charlotte County, VASDC In the city of Emporia, 95/58
a total of $17,691 in JCG funds Property LLC invested over $7.5 Emporia Partners LLC received
for creating 28 new jobs total. Lux million in the construction of a RPIG funds in the amount of
Enterprises received $11,456 after new manufacturing facility in $51,825 after investing $359,125
qualifying for a second year in a the Heartland Industrial Park in qualified investments on the
row and creating 18 new jobs in and received $200,000 in RPIG rehabilitation of a commercial
total. funds. In Prince Edward County, building.
19 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix C | Zone Highlights
Halifax County – South Boston Henrico County – Richmond funds after investing $924,443 in the and investing $672,269 in qualified
(Town) (#15) (City) (#28) expansion of an industrial property. improvements.
Two businesses received JCG Sixteen businesses in Henrico County In Henry County’s zone 54, Press
funds for a total of $24,776. Gloster received a total of $1,268,422 in Glass qualified for and received JCG Lynchburg (City) (#2) (#46)
Furniture created 24 total new jobs RPIG funds. Ten of those businesses funds for the third year in a row for Five businesses in Lynchburg’s Zone
and qualified for and received JCG received the maximum grant amount creating over 225 jobs in that time. 2 received RPIG funds for a total
funds for the third consecutive year. for each respective investment In Martinsville’s zone 36, Smith of $352,306. Two businesses, 5
Rogers Heating & Cooling Inc. created threshold. Kenmore Envelope Wholesale received $100,000 in Parkwood Inc. and Sinclair Television
a total of 14 jobs. Four businesses Company Inc. received JCG funds RPIG funds for the rehabilitation of Stations, received $100,000, which
received a total of $211,589 in RPIG for the fourth consecutive year after the former Martinsville newspaper is the maximum grant amount
funds, including KelMar Properties creating a total of 61 new jobs. In building. for businesses with a qualified
LLC, who invested over $2.1 million Richmond’s zone, 10 businesses investment under $5 million. In
in qualified improvements. Clarksville received a total of $887,635 in RPIG Hopewell (City) #9 Zone 46, PEC Real Estate LLC
Auto LLC invested over $633,484 to funds. Six of those businesses AdvanSix received JCG funds for the received $100,000 in RPIG funds
qualify for RPIG funds. received the maximum grant amount fourth year in a row, receiving a total after investing over $1 million in
for each respective investment of $29,000 this year for creating 40 an expansion of their commercial
Hampton (City) (#8) (#35) threshold, including Apple Seven jobs total. property that is currently utilized by
In Hampton’s Zone 8, three SPE Richmond Inc., who completed an ophthalmology practice.
businesses received a total of a hotel renovation and invested Isle of Wight County – Franklin
$149,126 in RPIG funds, including over $8.31 million in qualified (City) – Southampton County Newport News (City) (#3) (#31)
Hago Properties 2 LLC, who invested improvements. (#18) Liebherr-America Inc. in Newport
over $1.22 million in qualified ST Tissue LLC created new jobs News’ Zone 3 qualified for and
improvements on the rehabilitation of Henry County – Martinsville (City) and qualified for JCG funds for 10 received JCG funds for the tenth
a commercial building. In zone 35, the (#36) (#54) consecutive years. This year, they consecutive year. In the last five
Hampton Roads Center Zone, KATO Henry County’s Zone 36 had three received $22,896 for creating over 32 years, the company has created 119
Fastening Systems Inc. invested JCG recipients, including Carter Bank, jobs in the last five years. new jobs total. S23 Holdings received
over $1.25 million in qualified who qualified for and received JCG $68,304 in JCG funds, qualifying for
improvements and received $100,000 funds for the fifth year in a row and Lunenburg County – Kenbridge the second consecutive year and
in total RPIG funds. Magruder has created 65 new jobs in that time. (Town) – Victoria (Town) (#55A) creating a total of 89 new jobs. Canon
Landing Development Company LLC Monogram Foods received $102,401 Southside Real Estate Holdings LLC Virginia, a manufacturer for Canon’s
also received $100,000 in total RPIG in JCG funds for creating 186 new in the town of Kenbridge received office and consumer products,
funds after investing over $1.02 jobs in 2022. Eastman Performance $100,000 in RPIG funds after received $103,096 in RPIG funds
million in qualified improvements. Films received $100,000 in total RPIG renovating a commercial building after investing over $4.16 million
20 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix C | Zone Highlights
Newport News (City) (#3) (#31) Continued
in qualified improvements for the renovation of received RPIG funds for a total of $168,336. Horn Portsmouth (City) (#4) (#20)
one of its buildings. In addition, CCJ LLC invested Holdings LLC in Kilmarnock received $43,351 in Four businesses received a total of $409,680 in
$670,856 in the renovation of a commercial RPIG funds for the completion of a rehabilitation of RPIG funds in the city of Portsmouth’s Zone 4.
building and received $100,000 in RPIG funds. administrative offices for retail hardware stores on Marcom Services qualified for and received JCG
In Zone 31, two businesses received a total of the Northern Neck and Middle Peninsula. funds for the fourth year in a row after creating a
$128,926 in RPIG funds. Aery Aviation LLC received total of 45 jobs. In Zone 20, PER Associates Inc.
JCG funds for the second year, creating 62 jobs Patrick County – Stuart (Town) (#22) also received JCG funds for the fourth year in a
total and receiving a total of $46,544 this year. Ten Oaks LLC received $100,000 in RPIG funds row after creating a total of 19 jobs. CF Partnership
after completing an expansion of their floor invested over $1.19 million in the new construction
Norfolk (City) (#7) manufacturing plant, which included construction of a warehouse building and received $100,000 in
Five businesses received a total of $700,000 in of a stacking facility and over $1.68 million in RPIG funds.
RPIG funds. These businesses qualified to receive qualified investments.
the maximum grant amount for the respective Prince George County (#16)
investment threshold, with three businesses Petersburg (City) (#10) RLB Holdings 22 LLC received $100,000 in RPIG
receiving $100,000 and two businesses receiving Two companies, Mitchell Row LLC and South Street funds for the construction of retail property
$200,000 in RPIG funds. Provost Construction Partners LLC, received $100,000 each in RPIG after investing over $1.13 million in qualified
& Sons LLC received JCG funds for the fourth funds, the maximum amount for investments under investments. NVR Inc. received JCG funds for the
consecutive year after creating a total of 26 new $5 million. fourth consecutive year. The company received
jobs. In addition, Seaward Marine Corporation also $135,352 in JCG funds this year after creating 173
received JCG funds for the fourth consecutive Pittsylvania County – Danville (City) (#57) total jobs in the last four years.
year. The company received $70,328 this year for In Pittsylvania County, Aerofarms received
creating a total of 91 new jobs. $200,000 in RPIG funds after completing Pulaski County – Radford (City) (#25)
construction of their new agricultural In Pulaski County, SPS Land LLC completed a new
Northern Neck Zone (Counties of manufacturing facility, which included over $23 construction for a retail commercial property. The
Lancaster, Northumberland, Richmond and million in qualified investments. The company also company invested over $949,660 and received a
Westmoreland, and towns of Warsaw and received $26,512 in JCG funds after creating 37 total of $89,993 in RPIG funds. Oransi received
Kilmarnock) (#50) new jobs. In Danville, four businesses received a JCG and RPIG funds in the city of Radford. The
Two businesses in the town of Warsaw received total of $233,839 in JCG funds, including Litehouse company created 13 jobs and invested over
RPIG funds totaling of $136,537. RLB Holdings 21 Inc., who received JCG funds for the second $315,000 in qualified investments.
LLC received $93,421 in RPIG funds for the new consecutive year after creating 94 jobs in total.
construction of a commercial building in Richmond
County. In Westmoreland County, three businesses
21 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix C | Zone Highlights
Richmond (City) (#19) Tazewell County (#44) Winchester (City) (#21)
LVI Investments received $400,000 in RPIG Simmons Equipment received JCG funds for a Front Royal Brewing Company, dba Vibrissa Beer,
funds for the new construction of two mixed-use third year in a row for creating a total of 32 jobs received $100,000 in RPIG funds after investing
buildings. In addition, 613 Stockton Street Tenant in the last three years. The Happy Goat LLC, a over $1.1 million in qualified investments on
LLC received $100,000 for the rehabilitation of commercial retail business, received $27,566 in the rehabilitation of a building for their second
a mixed-use building that includes office and RPIG funds. location. OTW LLC also received $100,000 in
commercial space, as well as two residential units. RPIG funds, and the company invested over $1.18
Washington County – Chilhowie (Town) – million in qualified investments to renovate a 1950
Roanoke (City) (#5) Glade Spring (Town) – Smyth County (#51) commercial building that is fully occupied with a
Five businesses received a total of $600,000 in In the Washington County portion of the zone, restaurant and office space on the ground floor and
RPIG funds. These businesses qualified to receive three businesses received a total of $233,542 in 10 extended-stay apartments on the second and
the maximum grant amount for the respective RPIG funds, including Blue Mountain Therapy. The partial third floors.
investment threshold, with four businesses company also received JCG funds for the second
receiving $100,000 each and one business year, and after creating a total of 24 jobs, the Wise County (#52)
receiving $200,000 in RPIG funds for a private company received $16,720 in JCG funds. Scholle Earthlink received $43,830 in RPIG funds and NDT
investment of over $6.4 million in the historic IPN Packaging in Smyth County received JCG Properties LLC received $100,000 in RPIG funds
restoration of the First National Bank building funds for a third consecutive year after creating a after the completion of the renovation of their
(completed by JS Project LLC). total of 35 jobs in that time. In addition, Speyside commercial building that currently is leased to a
Bourbon Cooperage also received JCG funds for pizza restaurant.
Scott County (#23) a third consecutive year. The company received
VFP Inc., a production facility for equipment $28,400 after creating a total of 39 jobs. Wythe County (#11)
shelters and modular structures, received both The Millwald Theatre, a performing arts center,
JCG and RPIG funds this year. With a total qualified underwent renovation with a total of over $2.17
investment of over $1.89 million, the company million in qualified investments. Millwald Theatre
received $100,000 in RPIG funds and $22,814 in Landlord LLC received $100,000 RPIG funds for the
JCG funds after creating 48 total jobs. completion of the renovation.
Staunton (City) (#17)
Duffy Pappas received $35,603 in RPIG funds for
the rehabilitation of a mixed-use building.
22 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix D-Incentive Utilization
Zone Information Number of Incentives Per Year Summary of 2022 Grants
Zone # Community Acreage Designation Expiration 2022 2021 2020 2019 2018 $ Amt. % of Total
Charlotte County 773 1 0 0 1 0 $200,000.00 1.79%
48 Lunenburg County 405 2000 2024 0 0 0 0 0 $0.00 0.00%
Prince Edward County 2,859 1 0 3 2 6 $69,681.35 0.62%
Dickenson County 3,645 0 0 0 0 0 $0.00 0.00%
49 Town of Clintwood 237 2000 2024 1 0 0 0 0 $100,000.00 0.90%
Town of Haysi 163 0 0 0 0 0 $0.00 0.00%
Town of Warsaw 961 2 1 4 3 3 $136,537.42 1.22%
Lancaster County 3,696 0 0 1 0 0 $0.00 0.00%
Northumberland County 2,496 0 1 0 0 1 $0.00 0.00%
50 2000 2024
Richmond County 1,140 1 0 0 3 0 $93,421.92 0.84%
Westmoreland County 3,786 3 2 2 2 0 $168,336.00 1.51%
Town of Kilmarnock 374 1 3 0 1 0 $43,351.29 0.39%
Smyth County 3,572 3 4 2 3 5 $139,833.71 1.25%
Washington County 3,594 4 2 1 0 0 $250,262.81 2.24%
51 2000 2023
Town of Chilhowie 505 0 0 0 0 0 $0.00 0.00%
Town of Glade Spring 289 0 1 1 0 0 $0.00 0.00%
Alleghany County 3,608 1 2 0 3 0 $10,992.00 0.10%
53 Town of Clifton Forge 246 2001 2025 0 0 1 1 0 $0.00 0.00%
City of Covington 639 0 0 3 1 3 $0.00 0.00%
Henry County 2934 2 1 2 7 0 $182,437.58 1.64%
54 2001 2025
City of Martinsville 527 0 0 2 2 4 $0.00 0.00%
Lunenburg County 364 0 0 0 0 1 $0.00 0.00%
55 Town of Kenbridge 310 2001 2025 1 0 0 0 0 $100,000.00 0.90%
Town of Victoria 220 0 0 0 0 0 $0.00 0.00%
Pittsylvania County 3,428 5 3 4 0 1 $681,384.00 6.11%
57 2001 2025
City of Danville 1,608 4 4 3 1 2 $233,839.00 2.10%
Patrick County 3,621 1 0 0 0 2 $100,000.00 0.90%
22 2002 2021
Town of Stuart 176 0 0 0 0 0 $0.00 0.00%
City of Richmond (North) 3,588 11 15 22 35 34 $889,419.93 7.97%
28 2003 2022
Henrico County 3,811 17 13 17 12 16 $1,314,558.41 11.79%
1 City of Danville 1,911 2004 2023 3 7 8 9 5 $319,664.00 2.87%
2 City of Lynchburg 2,198 2004 2023 5 10 11 9 10 $352,306.32 3.16%
3 City of Newport News 3,839 2004 2023 4 10 15 14 12 $175,470.71 1.57%
5 City of Roanoke 1,904 2004 2023 6 7 11 7 11 $614,560.00 5.51%
Smyth County 619 0 0 0 0 0 $0.00 0.00%
6 2004 2024
Town of Saltville 357 0 0 0 0 0 $0.00 0.00%
8 City of Hampton 3,233 2005 2024 3 3 3 10 11 $149,126.79 1.34%
9 City of Hopewell 2,183 2005 2024 1 2 2 2 0 $29,000.00 0.26%
10 City of Petersburg 922 2005 2024 2 2 1 3 3 $200,000.00 1.79%
11 Wythe County 3,421 2005 2024 1 3 3 3 4 $100,000.00 0.90%
Smyth County 619 0 0 0 0 0 $0.00 0.00%
6 2004 2024
Appendix D | Incentive Town
Utilization (Continued) 357
of Saltville 0 0 0 0 0 $0.00 0.00%
8 City of Hampton 3,233 2005 2024 3 3 3 10 11 $149,126.79 1.34%
9 City of Hopewell 2,183 2005 2024 1 2 2 2 0 $29,000.00 0.26%
10 City of Petersburg 922 2005 2024 2 2 1 3 3 $200,000.00 1.79%
11 Wythe County 3,421 2005 2024 1 3 3 3 4 $100,000.00 0.90%
12 Town of Bedford 636 2005 2024 1 0 1 0 1 $8,779.44 0.08%
14 City of Waynesboro 608 2008 2027 0 0 2 2 1 $0.00 0.00%
15 Halifax County 2,853 2008 2027 5 5 4 6 3 $236,365.14 2.12%
52 Wise County 3,808 2008 2027 2 1 0 1 0 $143,830.40 1.29%
4 City of Portsmouth 1,468 2010 2029 5 4 3 4 4 $442,968.14 3.97%
7 City of Norfolk 2,371 2010 2029 7 8 13 14 8 $788,520.00 7.07%
16 Prince George County 3,754 2010 2029 2 2 1 4 2 $235,352.00 2.11%
17 City of Staunton 699 2010 2029 1 2 3 2 2 $35,603.72 0.32%
City of Franklin 878 0 2 0 1 2 $0.00 0.00%
18 Southampton County 3412 2010 2029 0 0 0 0 3 $0.00 0.00%
Isle of Wight County 2,438 1 1 1 1 1 $22,896.00 0.21%
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 3 6 7 3 7 $500,000.00 4.48%
Greensville 3,280 0 0 0 0 0 $0.00 0.00%
43 2013 2032
City of Emporia 631 1 2 0 1 2 $51,825.00 0.46%
20 City of Portsmouth 3,659 2014 2033 2 3 2 3 1 $112,632.00 1.01%
21 City of Winchester 607 2014 2033 2 0 1 2 2 $200,000.00 1.79%
23 Scott County 3,133 2014 2033 2 1 0 0 1 $122,814.00 1.10%
Pulaski County 3,748 2 4 3 4 3 $104,469.40 0.94%
25 2014 2033
City of Radford 1,289 2 2 4 2 3 $50,706.40 0.45%
Accomack County 3,361 0 0 0 1 3 $0.00 0.00%
26 2015 2034
Northampton County 2,993 2 2 1 2 4 $55,784.00 0.50%
Carroll County 3,658 1 0 0 0 0 $100,000.00 0.90%
27 Grayson County 1,231 2015 2034 0 1 0 0 0 $0.00 0.00%
City of Galax 638 0 1 3 0 0 $0.00 0.00%
29 City of Bristol 634 2015 2034 2 3 4 5 1 $29,147.00 0.26%
30 Page County 2,084 2015 2034 0 0 4 0 0 $0.00 0.00%
31 City of Newport News 3,236 2015 2034 3 2 2 5 10 $363,968.09 3.26%
Mecklenburg County 2,738 1 2 1 1 0 $69,632.24 0.62%
32 2016 2035
Brunswick County 273 1 1 1 0 2 $96,348.99 0.86%
35 City of Hampton 3,636 2016 2035 2 3 2 10 7 $200,000.00 1.79%
Henry County 3,840 4 3 4 7 8 $279,981.00 2.51%
36 2016 2035
City of Martinsville 630 1 0 1 2 1 $100,000.00 0.90%
44 Tazewell County 3,786 2016 2035 2 2 2 1 2 $47,174.00 0.42%
46 City of Lynchburg 2,176 2016 2035 1 5 4 3 3 $100,000.00 0.90%
142 $11,152,980.20 100.00%
142 Summary of 2022 Grants 100%
Number of Incentives
Per Year (2022) Amount: $11,152,980.20
Appendix E | Local Incentives
Accomack County #26A Bristol (City) #29 Chilhowie (Town) #51C
• Expedited plans review for county permits • Accelerated permit processing • Building permit fee waiver
• Marketing assistance • Job training assistance • Economic stimulus grant
• Rebate of County permit fees • Design assistance • Water and sewer cost reductions
• License fee rebate • Façade improvement grant • BPOL tax credit
• Landfill rebate fee • Business location assistance • Partial real estate tax exemption
• Real Property Improvement Grant • Rehabilitated real estate tax exemption
• Personal Property/Tools & Machinery Grant
Clifton Forge (Town) #53C
Property Acquisition Discount
•
Brunswick County #32B
• Bond conduit issuer fee exemption • Building permit fee reimbursement
• New jobs incentive (Accomack County Industrial • Accelerated permit processing • Rezoning fee reimbursement
Park) • Building permit fee waiver • Real estate tax reduction
• Site acquisition cost discount (Accomack County • Coordination with local banking services • Utility consumer tax reduction
Industrial Park) • Discounted land buy-down • Business license tax reduction
• Discounted sewer hookup feeds and rates (Acco- • Low-interest loans for fixed assets • Machinery and tools tax reduction
mack County Industrial Park) • Machinery and tools tax grant
• Partial real estate tax exemption
• Water and sewer connection fee waiver Clintwood (Town) #49B
Alleghany County #53A
• Water and sewer connection fee waiver
Building permit fee reimbursement
•
Carroll County #27A • Workforce training opportunities
• Rezoning fee reimbursement
• Real estate tax reduction • Building permit fee waiver
Covington (City) #53B
• Utility consumer tax reduction • Local job creation credit program
• Business license tax reduction • Water and sewer connection fee waiver • Machinery and tools tax grant
• Machinery and tools tax reduction • Partial business, professional and occupational
license fee waiver
Charlotte County #48A
• Partial real estate tax exemption
Bedford (Town) #12
• Accelerated permit processing • Permit and zoning fee waiver
• Real property improvement incentive • Site purchase discount • Small business loan program
• Downtown property improvement incentive • Machinery and tools tax grant • Utility consumption tax reduction
• Downtown façade and signage incentive • Real estate reinvestment grant
Danville (City) #1 and #57B
• Equipment and jobs incentive
• Zoning fees waiver • Building permit fee waiver
• Sign fees waiver • Machinery and tools tax rebate
• Business license fees waiver • Industrial development grant
25 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix E | Local Incentives
Dickenson County #49A Glade Spring (Town) #51D Hampton (City) #8 and #35
• Building and permit fee waivers • Partial real estate tax exemption • Capital investment grant
• Grants based on real estate taxes paid • Business, professional and occupational license • Business, professional and occupational license fee
• Machinery and tools tax grant credit rebate
• Partial real estate tax exemption • Refund of local utility taxes
• Utility connection fee rebates • Coliseum physical improvement grant
• Workforce training grants Grayson County #27B • Coliseum central cooperative advertising program
and security improvement grant
• Building permit fee waiver
• Façade improvement grants
Emporia (City) #43B • Water and sewer connection fee waiver
• Manufacturing and innovation grant
• Business incubation grant • NASA Langley Research Center Technology grant
• Business personal property grant Greensville County #43A • Downtown Hampton and Phoebus Retail Incentive
• Business, professional and occupational license fee grants
• Building and zoning permit fee waiver
waiver
• Discounted land buy-down
• Façade improvement grant
• Real estate tax grant Henrico County #28B
• Machinery and tools tax grant
• Machinery and tools tax grant
• Partial real estate tax exemption • Accelerated permit processing and design assistance
• Water and sewer connection fee waiver
• Water and sewer connection fee waiver • Rehabilitation real estate tax exemption
• Zoning and building permit fee waiver • Employment and training assistance
Halifax County #15 • Architectural design assistance
• Program for façade and exterior (landscaping)
Franklin (City) #18A • Business, professional, and occupational license fee improvements
waiver • Building demolition and site preparation grant
• Accelerated permit processing
• Chamber of Commerce membership fee waivers • Crime prevention through environmental design
• Discounted land buy-down
• Discounted land buy-down • Freestanding signage grants
• Building rehabilitation tax incentive
• Furniture, fixtures and equipment grant • Offsite improvement grants for draining, water and
• Machinery and tools tax rebate
• Local real property investment grants sewer, extending broadband and construction or
• Electric utility tax rebate
• Machinery and tools tax grant replacement of sidewalks
• Building code and land use development fees rebate
• Partial permit fee waivers by the town of South • Parking lot sealing and paving and landscaping grant
• Fast track permitting process
Boston • Partial real estate tax exemption
• Partial sales tax exemption in the town of South • Permit and plan review fee waivers
Galax (City) #27C Boston • Fire safety seminars for small businesses
• Utility tax grant on electricity and • Commercial revitalization staff assistance
• Building permit fee waiver
• natural gas • Training seminars for businesses
• Water and sewer connection fee waiver
• Workforce training opportunities
• Hospitality stimulus program
26 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix E | Local Incentives
Henry County #46A and #54A Kilmarnock (Town) #50A Lynchburg (City) #46
• Building permit fee waiver • Auto decal fee waiver • Real estate rehabilitation program
• Furniture, fixtures and equipment grant • Business, professional and occupational license fee • Local enterprise zone redevelopment program
• Machinery and tools tax grant waivers • Local enterprise zone loan pool
• Partial real estate tax exemption • Capital investment and job creation incentives
• Water and sewer connection fee waiver • Water and sewer connection fee waivers
Martinsville (City) #36 and #54B
• Zoning, permit and subdivision fee waivers
• Building permit fee waiver
Hopewell (City) #9
• Business, professional and occupational license fee
Lancaster County #50B
• Accelerated permit processing rebate
• Crime prevention assessments • Capital investment and job creation incentives • Furniture, fixtures and equipment grant
• Fire safety education seminars • Façade improvement grants • Grant based on real estate taxes paid
• Land development and permit fee waiver • Micro-enterprise loan pool • Machinery and tools tax grant
• Partial business, professional and occupational • Partial real estate tax exemption • Partial real estate tax exemption
license fee waiver • Water and sewer connection fee waiver
• Machinery and tools tax rebate
Lunenburg County #48B
• Partial real estate tax exemption
Mecklenburg County #32A
• Sewer connection fee waiver • Accelerated permit processing
• Discounted land buy-down • Building permit fee waiver (Town of South Hill and
Machinery and tools tax grant Mecklenburg County)
Isle of Wight County #18C •
• Real estate tax grants • Zoning permit fee waiver (Towns of Clarksville and La
• Accelerated permit processing • Technology assistance Crosse)
• Local job creation grant • Workforce training opportunities • Water and sewer connect fee refund
• Machinery and tools tax grant • Business license tax waiver (Town of La Crosse)
• Permit fee waivers • Discounted land buy-down in the Airport Industrial
Lunenburg County #55A
Park
Accelerated permit processing • Local job creation grant
Kenbridge (Town) #55B •
• Building permit fee waiver • Machinery and tools tax grant
• Accelerated permit processing • Business, professional and occupational license fee
• Building permit fee waiver waiver
Newport News (City) #3
• Business, professional and occupational license fee • Tax-exempt industrial revenue bonds
waiver • Workforce training opportunities • Business, professional and occupational license fee
• Discounted land buy-down • Reduced/waived land cost in county industrial parks rebate
• Tax-exempt industrial revenue bonds • Reduced/waived cost of water and sewer extension • Occupancy cost reduction for target industries
• Water and sewer connection fee waiver and reduced • Reduced/waived cost of water and sewer connection • Waiver of building permit and development fees
extension fees fees • Façade improvement grant program
• Workforce training • Real estate tax rebate • Commercial rehabilitation real estate property tax
• Machinery and tax rebate abatement
• Locally utility tax refund
27 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix E | Local Incentives
Newport News (City) #31 Page County #30 Portsmouth (City) #4
• Expansion/relocation cost reduction incentive • Accelerated permit processing • Business personal property investment grant
• Business, professional and occupational license fee • Business, professional and occupational license fee • Machinery and tools investment grant
rebate rebate • Development fee rebate
• Local utility tax refund • Capital investment grants • Commercial façade loan program
• Commercial rehabilitation real estate property tax • Development fee rebates • Corridor streetscape improvement incentive
abatement • Local sales, meals and lodging tax partial refund • Mixed-use development incentive
• Façade improvement grant program • Partial real estate tax exemption • Commercial real estate rehabilitation tax exemption
• Waiver of building permit and development fees • Small business loan program
Portsmouth (City) #20
Norfolk (City) #7 Patrick County #22A
• Business personal property investment grant
• Building permit fee waiver • Building permit fee waiver
• Machinery and tools tax grant
• Business, professional, and occupational license fee • Machinery and tools tax grant
• Real estate investment grant
rebate • Partial real estate tax exemption
• Commercial real estate rehabilitation tax exemption
• Marketing opportunities
• Environmental restoration site tax exemption
• Partial real estate tax exemption
Petersburg (City) #10) • Development fee rebate
• Utility consumption tax reduction
• Free recruiting provided by the city of Norfolk De- • Mechanical, plumbing and building permit fee waiver
partment of Economic Development’s Norfolk Works • Water and sewer permit fee waiver Prince Edward County #48C
office. • Water and sewer tap fee reduction
• Accelerated permit processing
• Façade improvement grant
• Architectural design fee rebate in Farmville Historic
Architectural assistance grant
Northampton County #26B •
District
• Machinery and tools tax reduction
• Building permit fee waiver
• Accelerated permit processing and plan review
• Business security audit
• Micro-enterprise loan pool
Pittsylvania County #24 and #57A • Crime Prevention through Environmental Design
• Partial real property tax exemption
• Discounted land buy-down in Prince Edward Business
• Dan River Businesses Development Center assis-
Park
tance
Northumberland County #50C • Machinery and tools tax grants in select business
• Discounted land buy-down
parks
• Capital investment and job creation incentive • Local job creation grant
• Partial real estate tax exemption
• Machinery and tools tax grant
• Permit fee waiver for select properties
• Partial business, professional and occupational
• Water and sewer connection fee reduction (Town of
license fee waiver
Farmville)
• Partial real estate tax exemption
• Permit fee waiver
• Regional Center for Applied Technology and Training
assistance
• Utility connection fee rebates
28 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix E | Local Incentives
Prince George County #16 Roanoke (City) #5 Smyth County #6B
• Business, professional and occupational license tax • Business security grant • Economic stimulus grant for manufacturers
credit • Permit fee rebates • Building permit fee rebate
• Machinery and tools tax rebate • Façade, parking and landscaping improvement grant • Water and sewer cost reductions
• Utility connection fee discount • Fire suppression retrofit grant and connection fee • Real estate rehabilitation tax exemption
• Zoning fee waiver rebate • BPOL tax credits (Town of Saltville)
• Partial real estate tax exemption • Tourism-business marketing incentive (Town of
• Water and sewer and fire connection fee rebates Saltville)
Pulaski County #25
• Downtown revitalization grant (Town of Saltville)
• Building and equipment financing • Broadband access connection
• Rebate of water and sewer connection fees Saltville (Town) #6A • Loan application assistance
• Reduction of water and sewer charges per month • Training assistance
• Economic stimulus grant for manufacturers
• Building fee waivers
• Building permit fee rebate
• Industrial revenue bond financing
• Water and sewer cost reductions
Smyth County #51A
• Real estate rehabilitation tax exemption
• BPOL tax credits (Town of Saltville) • Economic stimulus grant for manufacturers
Radford #25
• Tourism-business marketing incentive (Town of • Building permit fee rebate
• Utility connect fee rebate Saltville) • Water and sewer cost reductions
• Machinery & tools tax rebate • Downtown revitalization grant (Town of Saltville) • Real estate rehabilitation tax exemption
• Small business incentive grant • Broadband access connection • BPOL tax credits (Towns of Chilhowie and Marion)
• Real estate tax relief • Loan application assistance
Training assistance
•
Southampton County #18B
Richmond (City) #19 • Accelerated permit processing
Scott County #23
• Building permit fee waiver
• Brownfields rebate
• Building permit and zoning fee waiver • Discounted land buy-down
• Business relocation rebate
• CPA fee refund for EZ incentive attestation • Labor pool information
• Development fee rebate
• Grant based on real estate taxes paid • Machinery and tools tax grant
• Employment assistance grant
• Lodging tax grant • Partial real estate tax exemption
• Loan fee rebate
• Machinery and tools tax grant • Temporary office space
• Machinery and equipment rebate
• Merchant capital tax grant • Utility tax grant for electricity
• Workforce training
Richmond County #50E
• Capital investment and job creation incentives
• Partial real estate tax exemption
• Meals tax reimbursement
• Beautification grant
• Loan forgiveness program
29 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
Appendix E | Local Incentives
Staunton (City) #17 Washington County #51 Wise County #52
• High tech business location and expansion • Building permit fee waiver • Building permit fee waiver
• Professional jobs grant • Real property tax exemption • Discounted land buy-down and reduced development
• Premier company location incentive • Rezoning permit fee waiver costs
• Creative class/entrepreneurship • Machinery and tools tax grant
• Destination retail • Partial real estate tax exemption
Waynesboro (City) #14
• Minority business incentive • Workforce training at UVA Wise and MECC
• Property tax exemption • Local façade grants
• Increased property tax exemption for low impact • Local job creation grants
development • Partial real estate tax exemption Wythe County #11
• Sidewalk and landscape enhancement grants
Stuart (Town) #22B • Discounted land purchase price
• Reduced water rate
• Business, professional and occupational license fee
Westmoreland County #50D • Reduced wastewater rate
reduction
• Rebates of water connection fee
• Machinery and tools tax grant • Capital investment and job creation incentives
• Meals tax grant
• Partial real estate tax exemption
• Lodging tax grant
• Water and sewer connection fee waiver
• Building permit fee waiver
Winchester (City) #21 • Fast track permitting
• Joint IDA revolving loan fund interest rate reduction
Tazewell County # 44 • Business development grants for vacant properties
• Commercial and mixed-use property rehabilitation • Annual grant to qualifying high-wage, high-invest-
• Industrial development grant programs grant ment, non-manufacturing operations
• Partial real estate tax exemption • Development fee rebates
• Entrepreneurship grant
Commercial Façade improvement loans
Victoria (Town) #55C •
• Professional job creation grant
• Accelerated permit processing • Major mixed-use development incentive
• Discounted land buy-down • Micro-enterprise loan pool
• Tax-exempt industrial revenue bonds • New or expanding technology-driven business grant
• Water and sewer connection and extension fee • Major economic development project incentive
reduction • Residential real estate improvement grant
• Exterior Improvement Grant
• Revolving loan fund
Warsaw (Town) #50F
• Capital investment and job creation incentives
• Façade improvement grants
• Partial real estate tax exemptions
30 VIRGINIA ENTERPRISE ZONE
GY2022 ANNUAL REPORT
GRANT YEAR 2023
Applications for Grant Year 2023 will be due April 1, 2024. Zone
investors that created grant-eligible jobs in calendar year 2023 (January
1, 2023 - December 31, 2023) and zone investors that received final
placed-in-service documentation for qualified real property investments
in calendar year 2023 (January 1, 2023- December 31, 2023) are eligible
for Grant Year 2023. Instruction manuals and Agreed Upon Procedures
for the CPA Attestation are available in the Program Resources Section
on Enterprise Zone webpage.
ezone@dhcd.virginia.gov
dhcd.virginia.gov/vez
File and source
- File
- 2023-RD502.pdf
- Size
- 945,759 bytes
- SHA-256
- b0d43dd81acc9092d9d49b2e6a10b56d6fec1ffbcb8058c15553f4bfaf4d1d2b
- Our copy
- 2023-RD502.pdf
- Original
- No public link identified.