Virginia Enterprise Zone GY2023 Annual Report
Summary
Virginia Enterprise Zone (VEZ) GY2023 Annual Report. It states that Virginia comprises 45 enterprise zones, covering approximately 245 square miles, and that the Enterprise Zone Grant Act of 2005 replaced the prior tax credit benefits with the Real Property Investment Grant (RPIG) and the Job Creation Grant (JCG). The Grant Year 2023 summary table lists total funds available of $16,250,000, funds disbursed of $15,216,949.91, 180 grants issued, jobs created of 3,274.14, and investment leveraged of $293,764,115.54. Applications for Grant Year 2024 are due April 1, 2025.
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VIRGINIA
ENTERPRISE ZONE
GY2023 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 2023 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 Appendix A | Zone Highlights
21 Appendix B | Enterprise Zones
22 Appendix C | Local Incentives
28 Appendix D | Incentive Utilization
31 Appendix E | High Unemployment Areas (HUAs)
VEZ Program Overview
Located in Smyth County, SIG’s, (formerly Scholle IPN) expansion of their facility encompasses 72,500 square feet plus the addition of 700 feet of rail and a spur to facilitate importing of raw
materials for their blown film exterior process.
The Virginia Enterprise Zone (VEZ) initiative is a collaboration between the The 2005 act also permitted prequalified businesses to maintain access
Commonwealth of Virginia and local governments, aimed at boosting job to the former general income and investment tax credit incentives. The tax
creation and investment in real property. This program seeks to stimulate credit program 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. In
Originating in 1982, VEZ began as a tax credit initiative. Subsequently, the the 2023 Grant Year (GY2023), 17 out of the 45 zones were categorized as
Enterprise Zone Grant Act of 2005 replaced the prior tax credit benefits with joint zones, which includes zones designated jointly by counties and towns
two new grants: the Real Property Investment Grant (RPIG) and the Job before 2005. 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.
3 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Grant Year 2023 Program Summary
Table 1 | Grant Year 2023 Summary
Total Funds Available: $16,250,000
RPIG JCG Total
45 Fund Requests $13,187,294.91 $2,029,655.00 $15,216,949.91
enterprise
zones Funds Disbursed $13,187,294.91 $2,029,655.00 $15,216,949.91
Number of Grants Issued 140 40 180
20 34 Number of Entities 131 40 171
cities counties
Proration (RPIG only) $0 N/A $0
12 Jobs Created N/A 3,274.14 3,274.14
towns
Investment Leveraged $293,764,115.54 N/A $293,764,115.54
Average QRPI per RPIG Grant $2,098,315.11 N/A $2,098,315.11
- Unique businesses and/or investors receiving grants
4 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Real Property Investment Grant (RPIG)
The Real Property Investment Grant (RPIG) In cases of rehabilitation and expansion projects, expansion projects that include solar panels
offers financial assistance to offset the a minimum QRPI of $100,000 is necessary to qualify at the lower threshold of $50,000 in QRPI.
“hard” construction expenses associated with qualify for RPIG. For new construction initiatives, Solar-only projects ranging from $50,000 to
qualified real property investments (QRPI) in a minimum investment outlay of $500,000 is $100,000 are exempt from minimum threshold
enterprise zones. These investments pertain to required for eligibility. Grant allotments for all requirements for grant eligibility. If the solar
properties under new construction, expansion, property types are calculated based on 20% of panels are the only investment made to the
or rehabilitation. For QRPI amounts under $5 the investment that surpasses the $100,000 and building or facility, the grant amount is 20% of
million, the program extends grants of up to 20% $500,000 thresholds for rehabilitation and new the amount made in solar installation.
(capped at $100,000 within five consecutive construction.
years) of the total QRPI within a building or Allocation of enterprise zone grants hinges on an
facility. If the QRPI reaches or exceeds $5 In 2019, the program expanded to include annual appropriation by the General Assembly.
million, grants per building or facility are solar projects. Along with this expansion, the As per statute, funding priority is given to Job
attainable up to a maximum of $200,000 over threshold amounts for projects incorporating Creation Grants (JCGs). After fully funding
five consecutive years. solar panels were lowered, making it easier for JCGs, any remaining funds are distributed to
such projects to qualify for funding or support. RPIG, and the payment to each RPIG applicant
New construction projects that include solar is proportional if grant applications exceed the
must have a total investment that exceeds remaining funds. In GY2023, RPIG requests were
Table 2 $450,000 in QRPI to qualify. Rehabilitation and fully awarded without proration. Table 2 provides
Example-RPIG Threshold and a visual representation of the calculations for
Award grant requests under RPIG.
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
GY2023 ANNUAL REPORT
Job Creation Grant (JCG)
The Job Creation Grant (JCG) offers financial Eligible businesses meeting the criteria have the SWaM-certified business entities meeting
incentives to encourage the establishment potential to receive up to $800 for each net new, regulations 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 GY2023, the applicable with a lowered wage threshold set at 125% of
state minimum wage was $11 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 GY2023, refer to Appendix E.
Table 3 ELIGIBILITY % of Minimum Wage Hourly Pay Minimum Grant Award Per Job*
JCG Grant Wage Thresholds
and Awards HUAs / SWaM $13.75
125% $500
All Other EZs 150% $16.50 $500
Max 175% $19.25 $800
*Jobs above the four-job minimum threshold meeting all other program requirements
6 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Grant Year 2023 RPIG Overview
In total, 140 RPIG grants were issued to 131 Figure 1:
distinct investors and businesses. These Funding and Proration GY2023 | Surplus/Shortfall
investors and businesses utilized $293,764,115
for qualified real property investments, resulting
in RPIGs, with an average QRPI per grant
amounting to $2,098,315. $6,000,000
Figure 1 and Table 4 depict the contrasts $5,000,000
between allocations and requests for VEZ
grants over the last five years. In the past, the
$4,000,000
program faced challenges in fully funding grant
applications. Since 2021, however, there has
been an increase in program funding, allowing $3,000,000
for the full financing of JCG and PRIG grants for
three consecutive years. $2,000,000
$1,000,000
$0.00
-$1,000,000
-$2,000,000
-$3,000,000
2019 2020 2021 2022 2023
Surplus/Shortfall -$2,215,484.00 -$1,647,653.00 $1,167,191.00 $5,097,019.80 $1,033,050.09
7 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Grant Year 2023 RPIG Overview
Table 4:
RPIG Proration by Grant Year 2019-2023
YEAR 2019 2020 2021 2022 2023
Surplus/Shortfall -$2,215,484.00 -$1,647,653.00 $1,167,191.00 $5,097,019.80 $1,033,050.09
Appropriation $14,500,000,00 $14,500,000,00 $14,750,000.00 $16,250,000.00 $16,250,000.00
Grant Request $16,715,484.00 $16,147,653.00 $13,582,809.00 $11,152,980.20 $15,216,949.91
RPIG Request $13,788,160.00 $14,217,222.00 $11,089,415.74 $9,357,734.20 $13,187,294.91
Proration 84% 88% 0% 0% 0%
Since the VEZ grant programs were created in 2005, most 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 consistently outweighed the demand for JCGs over the last decade.
In GY2023, the ratio of RPIG to JCG requests was $6.50 in RPIG requests for every $1 in JCG requests.
8 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Grant Year 2023 RPIG Overview
RPIGs are granted to zone investors based on their
Figure 2:
qualified real property investments, which encompasses Grants by Investment Amount
a varying spectrum of amounts. During GY2023, zone
investors engaged in QRPIs spanning from $116,771 for a
rehabilitation of an existing building, to $42,885,190 for a
new construction project. Figure 2 shows an illustration of
the zone investments ranges and the percentage of grant
applications received in GY2023 within those ranges.
4%
In GY2023 QRPI investments ranging from $500,0000- 9%
$499,999 comprised 31% of the grant applications, followed 26%
by investments ranging from $100,000-$499,999 making
9%
up 26% of applications. Investments in the $1M - $2M
bracket range followed closely, comprising 21% of all grant
applications. Collectively, these applications (QRPI of $2M
or less per investor) contributed around 27% of the total
QRPI for GY2023 applications. In GY2023 investments
ranging from $2M-$5M comprised 9% of the RPIG 21%
applications, comparatively applications in the $5M-$10M
31%
also constituted 9% of the total applications. The largest
QRPI investment range, $10M and above, has the least
amount of RPIG applications at only 7.5%, which is to be
expected based on the higher QRPI range and previous
trends.
The total QRPI for GY2023 was $293,764,115. Investors
with investments of at least $5M encompassed 60% of the
total QRPI made in 2023 while only being 13% of the total $100,000-499,999 (37) $5 million -10 million (13)
applications.
$500,00-999,999 (43) $10 million + (5)
$1 million - 2 million (29)
$2 million -5 million (13) TOTAL: 140
9 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
GY2023 RPIG by Property End Use
RPIG funding is exclusively accessible for
investments into commercial, industrial, or Figure 3:
mixed-use properties, where a minimum of GY2023 RPIG Application by Property End Use
30% of the usable floor space is allocated to
commercial, office or industrial functions.
Mixed-use, 13, 9%
Both retail and office properties fall under
Commercial, 113, 81%
the category of commercial properties in the
context of RPIG. As highlighted in Figure 3,
Industrial, 14, 10%
commercial projects in GY2023 constituted the
largest segment, accounting for a little over 80%
of the RPIG applications. The remaining 20% of
applications were distributed among industrial
projects, accounting for 10% of applications
and mixed-use properties accounting for the
remaining 9% of applications. In the GY2023,
113 RPIGs were commercial use, followed by
14 for industrial properties and 13 for mixed-
use developments.
Commercial
Industrial
Mixed-use
10 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
GY2023 RPIG by Project Type
Property enhancements that are eligible Figure 4:
for RPIGs encompass new construction, GY2023 RPIG Applications by Project Type
rehabilitation of existing structures, expansion
1%
of current buildings or facilities, and solar
projects. Figure 4 illustrates the distribution
of RPIG awards based on the type of property
improvements made in GY2023. Projects in 5%
which solar was the only investment to the
building/facility were introduced as eligible
in GY2020, accompanied by a new and
lower threshold for projects involving solar
installations. 23%
In GY2023, rehabilitation of existing buildings/
facilities accounted for the majority of grant
applications, with 69% of projects in this
category, followed by 23% of applications from
new construction projects. This is consistent 69% 2%
with past years’ data. The consistently high
number of rehabilitation projects each year
highlights the program’s success in achieving
its goal of stimulating economic development
through revitalization.
Expansion of an existing building/facility (7)
New Construction (32)
Rehab/Expansion w/ Solar (3)
Rehabilitation of existing building/facility (96)
Solar Only ($50,000 to $100,000) (2) TOTAL: 140
11 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
GY2023 RPIG by End Use and Project Type
There are multiple factors contributing to why rehabilitations of commercial This rise in solar-inclusive projects reflects the program’s growing influence
spaces make up the majority of RPIG awards. Numerous enterprise in encouraging investors to integrate solar into their construction efforts.
zones encompass downtown areas and commercial corridors, fostering
a significant number of small- and mid-size commercial rehabilitation The trend in average grant awards by property improvement type mirrored
projects spanning retail, restaurants, office spaces and other commercial the QRPI rankings. New construction projects received the highest average
uses. In these zones, resources like the Virginia Main Street program or grant award of $132,334. Expansion projects followed, with an average
local rehabilitation tax incentives often encourage adaptive reuse and award of $100,840. Projects that included solar components received an
rehabilitation as opposed to demolition and new construction. average grant of $93,973. Meanwhile, the rehabilitation of existing buildings
and facilities, which accounted for the highest number of grants, had an
In the 2023 grant cycle, new construction projects had the highest average average award of $81,000.
Qualified Real Property Investment (QRPI) among all property improvement
types, averaging $5.2 million. This was followed by the expansion of existing Industrial property projects, though receiving fewer grants than commercial
buildings and facilities, with an average QRPI of $2.7 million. Notably, properties, secured the highest average grant award of $140,158, driven by
solar-only projects saw a significant increase, reaching an average QRPI of large private investments. Across all qualified investors, the average grant
$542,927—substantially higher than in previous years. The average QRPI award was $94,195. The maximum eligible grant amount remains capped
for the rehabilitation of existing buildings or facilities stood at just over $1 at $100,000 for projects with QRPI under $5 million and $200,000 for those
million. Additionally, projects that incorporated solar components, whether exceeding $5 million.
through rehabilitation or expansion, achieved an average QRPI of $1.5
million.
Southern Charm Garden Center, located in Franklin, VA is a retail nursery and garden center expansion that included a new 3,000 square-foot wood framed, metal single story building,
as well as improvements to an existing metal warehouse structure.
12 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
GY2023 RPIG by Qualified Zone Investors
Qualified Zone Investors include property
owners (occupant or non-occupant), owners Figure 5:
of space within a larger building or facility GY2023 Zone Investor
(condominium), tenants leasing space and
capitalizing any improvements made to 1%
that space and developers capitalizing their
investment before the property is sold. As
1%
Figure 5 illustrates, non-occupant owners of
buildings/facilities are the most common type
of qualified zone investor in GY2023, followed 10%
by owner-occupant as the second highest type
of qualified investor. Developers and tenants Tenant (2)
make up the smallest portion of qualified
investors with only 2% of the applications. In Non-Occupant Owner (68)
GY2023, qualified investors that own space
in a building comprised 10% of all RPIG
Owner Occupant (55)
applications. This is a significant change from 49%
GY2022, when there were no applications for
investors that own space in a building. 39% Developer (1)
VEZ requires that investors capitalize and/or
Owns space in building (14)
expense their investment to qualify for RPIGs.
The program is not open to developers who will
TOTAL: 140
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.
13 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
GY2023 Job Creation Overview
DHCD awarded a total of $2,029,655 in JCGs to 40 businesses in other companies applied for between 200-349 jobs. Those top job
GY2023, as Table 5 illustrates. JCG requests represented 13% of funds creators were located throughout Virginia in the cities of Norfolk and
requested and awarded. Hopewell and Henry and Pittsylvania counties.
One company applied for the maximum number of positions (350)
eligible for awards under the JCG program in 2023. In addition, four
Table 5: Job Creation Grant Summary, 2019-2023
YEAR 2019 2020 2021 2022 2023
Qualified Businesses 54 42 50 38 40
Jobs Created (PFTPs) 1,519 825 1,362 825 1,162
Total Awards $2,927,324 $1,930,431 $2,493,393 $1,795,246 $2,029,655
Award per Job Created $1,926.58 $2,339.75 $1,830.69 $2,176.06 $1,746.69
Average New Jobs per Firm 28 20 27 22 29
Total Qualified Jobs 4,676 2,740 4,115 2,745 3,274
Average Qualified Jobs per Firm 87 65 82 72 82
**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
GY2023 ANNUAL REPORT
GY2023 JCG by Wage Rates
Job Creation Grant (JCG) award amounts are determined based on wage Among the 54 designated localities (excluding towns within these counties),
rates for newly created positions within eligible firms. In HUAs, businesses seven were classified as High Unemployment Areas (HUAs) for GY2023.
creating new positions with wages between 125-149% of the minimum wage Companies that previously applied for a JCG within a designated HUA locality
are eligible for a grant award of $500 per position. For businesses paying remain eligible to apply at 125% of the minimum wage during their 5-year
employees at 175% or above the minimum wage, the grant amount becomes JCG grant cycle. In GY2023, one company from a previously HUA-designated
$800 per eligible position. locality submitted an application. Overall, six companies (15% of total grants
awarded) from three localities received grants for jobs meeting the 125%
For areas outside of HUAs, eligible businesses must pay their employees minimum wage threshold. These jobs represented about 12% (431 jobs) of
at least 150% of the minimum wage to qualify for a grant award. Higher all jobs from companies that applied, reflecting a 5% increase from GY2022.
grant amounts are available for positions paid at over 175% of the minimum Qualifying businesses in HUAs received a $500 grant per eligible position that
wage. Certified business firms throughout Virginia that adhere to regulations exceeded 125% of the minimum wage.
stipulated by the director of the Virginia Department of Small Business and
Supplier Diversity, per subdivision 8 of § 2.2-1606 of the Code of Virginia, can There were no SWaM (Small, Women-owned, and Minority-owned)
apply the reduced wage rate threshold (125% of minimum wage) to meet the applications submitted for GY2023.
criteria for the $500 grant amount.
For a comprehensive list of GY2023 HUA localities, refer to Appendix E.
During the 2023 grant cycle, the Job Creation Grant (JCG) minimum wage
thresholds were adjusted to align with the increased minimum wage rates. To
qualify for a grant, applicant companies must now offer jobs that pay at least
150% of the minimum wage. As a result, approximately 21% (776 jobs) of all Figure 6: GY2023 JCG Total Jobs Wage Rates
jobs met or exceeded this threshold, earning a $500 grant award per eligible
position. Consistent with previous years, the majority of jobs awarded a grant 12%
are those paying at least 175% of the minimum wage. In GY2023, 67% (2,492 175% Threshold (2492.48)
jobs) of total jobs surpassed the 175% threshold, leading to an $800 grant
150% Threshold (775.78)
award per eligible position.
21%
125% Threshold (430.75)
67%
TOTAL: 3699.01
* Based on total Grant Eligible Positions for
GY2023: 3,699.01 jobs
15 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
GY2023 JCG by Sector
The industry sector of each entity receiving JCGs is tracked using the the following industries: Healthcare/Social Assistance (NAICS 621),
North American Industry Classification System (NAICS) codes. As with Transportation and Warehousing (NAICS 484), Wholesale Trade (NAICS
previous grant cycles, the largest share of qualified firms in GY2023 423-424) and Administration and Support along with Waste Management
were manufacturers (NAICS 300s), representing 60% of all grantees. and Remediation (NAICS 561).
Construction (NAICS 236-238) and Professional/Scientific Services
(NAICS 541) were the second largest job grantees with a combined 20% of
qualified firms receiving grants. The remaining 20% of grantees represented
Wholesale Trade, 3, 20% Administrative, 1, 20%
Figure 7:
GY2023 Job Creation by Sector Other, 1
Construction, 4, 20%
Transportation and Warehousing, 2, 20%
Construction Professional/Scientific, 4, 20%
Health Care/Social Assistance
Health Care/Social Assistance, 1, 20%
Manufacturing
Professional/Scientific Services
Transportation and Warehousing
Wholesale Trade
Manufacturing, 24, 60%
Admin and Support, Waste Mangement.
and Remediation TOTAL: 40
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
GY2023 ANNUAL REPORT
Appendix A | Zone Highlights
Accomack County – Bristol (City) (#29) Emporia (City) – Greensville
Northampton County (#26) Qualifying for the fourth year in a County (#43)
Cape Charles Mini Golf, an 18- row, American Merchant received 95/58 Emporia Partners invested
hole ADA miniature golf course a total of $9,234 in JCG funds over $354,000 and received
in Northampton County, received for creating 16 new jobs total. RPIG funds totaling $48,175 for
$34,716.86 in RPIG funding. 503 State LLC received $100,000 replacing roofing on three stores
Owner Tom Austin stated, “We in RPIG funds for a private within a shopping center in
were on pins-and-needles. It was investment of $1,032,971. The Emporia.
an investment just to apply for it company completed a historic
[Enterprise Zone Grant], and we rehabilitation of a three-story Franklin (City) – Southampton
are super-excited to receive the mixed-use building. County – Isle of Wight County
grant. It changed our year. We (#18)
are super-grateful from a small Danville (City) (#1) Two businesses in the city of
business point of view.” Dogwood East LLC, a locally Franklin received RPIG funds
owned commercial real estate totaling $156,086. 1130 Armory
Bedford (Town) (#12) company, renovated four Drive LLC invested over $799,000
With a private investment of industrial buildings and one office in the rehabilitation of their
$150,000, Bedford Storage building at this site and received building and BEAM Properties
Investment LLC received $50,000 $74,245 in RPIG funds. Mid- invested $380,433 in the
in RPIG funds for the rehabilitation Atlantic Prospects LLC renovated rehabilitation of the building on
of the industrial building used as a former doctor’s office to develop their property that is the home of
the main manufacturing plant for a boutique hotel and an extended- Southern Charm Garden Center.
their foam products. stay hotel. The company invested
over $7 million on the project and
received the maximum $200,000
RPIG.
VFP, Inc manufacturers buildings and shelters for telecommunica-
tion and utility companies across the US. Located in Scott County,
VFP expanded their building footprint in 2022 adding jobs during
that first year and seeing continued job growth in 2023.
17 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix A | Zone Highlights
Halifax County – South Boston challenges the best opportunity to facility, as well as a warehouse in the RPIG funds. In Westmoreland County,
(Town) (#15) improve their life’s journey through Commonwealth Crossing Business Executive Properties LLC received
Lewis Metal Works Inc., a steel evidence-based practice, completed Centre in Henry County’s Zone 54. RPIG funds totaling $74,590 for the
fabricator, invested over $513,000 in construction of the final building The company invested over $42 complete renovation of an existing
the rehabilitation and expansion of on the campus. Pioneer Hall, a million in the project and received the building to house a restaurant, Fire
their industrial building in the town of 12,000-square-foot, two-story maximum grant amount of $200,000 Escape American Grill. The company
South Boston. The company received building, houses six classrooms, an in RPIG funds. Additionally, the invested $472,950 in the project.
RPIG funds totaling $82,612. instructional kitchen and a behavioral company received JCG funds totaling Healthy Harvest Food Bank, located
health clinic. The organization $109,200 for creating 140 new jobs. in the town of Warsaw, invested
Hampton (City) (#8) (#35) invested over $5.74 million and In Martinsville’s Zone 54, WHLR over $3.35 million for expansion and
Huntington Ingalls Industries, the received $200,000 in RPIG funds. Village of Martinsville received renovation of their facility, including
nation’s largest military shipbuilder, In the city of Richmond, Virginia RPIG funds totaling $100,000 for solar panels and construction of a
leased 115,500 square feet of new Wood Processing and Virginia an investment of $694,664 in the greenhouse for an indoor aquaponic
industrial space developed by Doran Wood Properties LLC, joint owners, renovation of a grocery store. vegetable farming system. The
Tract Building, who received RPIG received a total of $100,000 for the company received RPIG funding
funding totaling $200,000 for an rehabilitation of their property. The Hopewell (City) #9 totaling $116,068. In the town of
investment over $10.3 million in owners invested a total of $923,182 WEB Comm LLC received RPIG Kilmarnock, Lawrence Fuccella
Hampton’s Zone 8. In the city’s Zone in the project. funding for their project in downtown invested over $2.1 million in the
35, Magruder Landing Development Hopewell to rehabilitate a blighted construction of a new car wash and
Company LLC completed Henry County – Martinsville (City) building and lease to a growing local received $100,000 in RPIG funds.
construction of 10,000 square feet (#36) (#54) business, Downtown Pups. The
of flex industrial space in the Langley In Henry County’s Zone 36, company invested $422,069 in the Lunenburg County – Kenbridge
Research and Development Park. Monogram Food Solutions received rehabilitation. (Town) – Victoria (Town) (#55A)
The company invested $1,071,523 $107,659 in JCG funds for creating In Kenbridge, Broad Street Lofts &
and received $100,000 in EZ RPIG a total of 184 jobs. In addition, the Lancaster County – Fitness invested over $780,000 and
funding. company completed expansion of Northumberland County – received a total of $75,999 in RPIG
their current facility that included an Westmoreland County -Richmond funds for the renovation of their
Henrico County – Richmond investment of over $6.4 million. The County – Kilmarnock (Town) – mixed-use building that includes
(City) (#28) company received the maximum Warsaw (Town) (#50) apartments and a fitness studio.
In the Henrico zone, The Faison RPIG amount of $200,000. Crestwood Partners, LLC in
Center Inc., a nonprofit organization Crown Cork & Seal completed the Northumberland County invested over
whose mission is to give children construction of a 355,000-square- $1.32 million in new construction for
and adults with autism and related foot beverage can production their project and received $100,000 in
18 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix A | Zone Highlights
Lynchburg (City) (#2) (#46) Norfolk (City) (#7) Pittsylvania County (#24)
Two companies in Lynchburg’s Zone 2, ANCH LLC Dante Valve Company, a family-owned, Staunton River Plastics, located in the Southern
and R&P Kirkley LLC, received the maximum RPIG international manufacturer and distributor of Virginia Multimodal Park in Hurt, invested over $9.9
amount, $200,000, for investing in over $5 million valves and related products, invested $1.5 million million in the construction of their 150,000-square-
each in their projects. Four other companies, to expand its operation in the city of Norfolk, foot manufacturing facility. The company received
BMS Direct Inc., R&B Properties LLC, Freedom which secured $100,000 in funding through RPIG. the maximum grant amount of $200,000 and is
First Federal Credit Union and Hoffmann Mondial The company completely renovated its facility expected to create many jobs in upcoming years.
Inc., each received $100,000 in RPIG funds, the to increase production and better serve its East
maximum amount for investments under $5 Coast customers. In addition to this, Dante Valve Pittsylvania County – Danville (City) (#57)
million. Company anticipates creating 30 new jobs at their In Pittsylvania County, Morgan Olson received
In Zone 46, R&B Properties LLC received the Norfolk facility within the next year. JCG funds for a fourth year in a row. The company
maximum grant amount of $100,000 for the has created over 350 jobs in total and received
expansion of their existing building, home to Patrick County – Stuart (Town) (#22) $241,933 in JCG funds. In Danville, Litehouse
Electronic Design & Manufacturing Company, an After receiving RPIG funds in the previous grant Foods, a food manufacturer, completed real estate
electronics manufacturing services provider that year for an investment of over $1.68 million in improvements totaling $6,4333,200 since its
also provides support for engineering, supply chain, construction of a stacking facility, Ten Oaks LLC inception and has created 96 new jobs.
assembly and other resources. received a JCG in GY23. The company created 27
jobs and received grant funds totaling $15,238. Portsmouth (City) (#4) (#20)
Newport News (City) (#3) (#31) PER Associates Inc., a commercial concrete
In Zone 3, Fresenius invested over $1.4 million Petersburg (City) (#10) processor located in Portsmouth’s Zone 20,
in the construction of a new 11,050-square-foot Cathelle LLC received $90,412 in RPIG funds for employed more than 26 persons and received
facility, bringing new, accessible medical services renovation of a mixed-use building in the historic $21,155 in VEZ grant funds through the JCG. PER’s
to this underserved portion of Newport News. Old Towne district of Petersburg. The original operations are providing critical construction
Glass and aluminum systems fabricator, Aldora, structure was built over 150 years ago then materials in support of local and regional
acquired a 72,000-square-foot fabrication facility in underwent renovation in 1909, adding a third floor. development projects. In Zone 4, Life’s Journey
the EDA-managed Oakland Industrial Park in Zone The renovation included private investment by the LLC rehabilitated their office building with an
31 and invested over $1.9 million to upgrade the company of $552,061. investment exceeding $600,000. This significant
property. Aldora’s Newport News facility will create investment enabled the company to secure a
between 40 and 75 jobs. The full-service glass $100,000 Real Property Investment Grant from
fabrication and distribution facility will serve a the Commonwealth. The new facility will provide
150-mile geographical radius to include Richmond, essential mental health support services to the
Baltimore, Washington, D.C., Norfolk, Raleigh- residents of Portsmouth and the surrounding
Durham, and Roanoke. Hampton Roads communities.
19 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix A | Zone Highlights
Prince George County (#16) Scott County (#23) Washington County – Chilhowie (Town) –
NVR Inc. received $100,000 in RPIG funds for VFP Inc., a production facility for equipment Glade Spring (Town) – Smyth County (#51)
the expansion of their manufacturing facility that shelters and modular structures, received JCG In the Washington County portion of the zone,
included $855,972 in private investment. The funds for a second year in a row. The company has Mission Dental, a nonprofit community dental
company received a JCG for the fifth year in a row created a total of 135 jobs and received $56,488 in clinic providing affordable oral healthcare to the
after creating a total of 154 jobs in the county. JCG funds in GY23. community, received $100,000 in RPIG funds for
In total, since their inception in 2019, they have their renovation project that included $877,835 in
received a total grant disbursement of $613,040. Smyth County (#51) private investment.
SIG (formerly Scholle IPN) completed a new
Pulaski County – Radford (City) (#25) addition to their existing facility that nearly doubled Winchester (City) (#21)
In Pulaski County, BimmerWorld, a company that the company’s square footage. The expansion Brereton Properties LLC, a local restaurant owner’s
offers distribution and wholesale programs for included an investment of just over $31 million real estate development arm, received $55,899
BMW products, received JCG funds for a third year and 75 new full-time jobs. In addition to the larger in RPIG funds for their rehabilitation project. The
in a row. The company has created a total of 26 footprint and additional employees, they are also company invested $379,498 on the renovation
jobs and received $18,224 in GY23. Two companies adding 700 feet of rail and a spur to facilitate the of the space, which had previously been vacant
in the city of Radford received maximum grant importing of raw materials for their blown film for six years after more than seventy years as
amounts of $100,000, including Ellett Valley extruder process. the Winchester Newsstand. Additionally, the new
Investments LLC and Tall Oaks Crossing LLC. tenant of the renovated property is a cider producer
Staunton (City) (#17) from surrounding Frederick County that expanded
Richmond (City) (#19) BCS Holdings LLC, located in Staunton’s Beverley into a taproom/small plate space in the city.
Evergreen Enterprises, a wholesale provider Historic District, invested $626,970 in the
specializing in home and garden décor, as well as renovation of a mixed-use space that includes Wise County (#52)
sports and fashion accessories, received RPIG apartments and retail. The company received Earthlink received $9,048 in Job Creation Grant
funds totaling $100,000 for the rehabilitation $100,00 in RPIG funds. funds for creating a total of 38 new jobs. The
of their building utilized for distribution and a company previously received $43,830 in RPIG
warehouse. The company invested a total of Tazewell County (#44) funds last year.
$1,067,544 for the project. Simmons Equipment, a world-class mining
equipment manufacturer, received JCG funds for Wythe County (#11)
Roanoke (City) (#5) a fourth year in a row. The company has created a Carter Bank & Trust invested $666,059 in the
Freedom First Federal Credit Union completed a full total of 49 jobs in the last four years and received a rehabilitation of their Wytheville location and
aesthetic remodel of the historic Elmwood building total of $30,099 in GY23. received $100,000 in RPIG funds.
to serve as its corporate headquarters. The
company invested over $6.4 million in the historic
restoration and received an RPIG in the amount of
$100,000.
20 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix B | Enterprise Zones
21 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix C | Local Incentives
Accomack County #26A Bristol (City) #29 • BPOL tax exemption (Town of Keysville only)
• Utility connection fee waiver (Town of Keysville only)
• Expedited plans review for county permits • Accelerated permit processing • Waiver of tax liens (Town of Keysville only)
• Marketing assistance • Job training assistance
• Rebate of County permit fees • Design assistance
• License fee rebate • Façade improvement grant Chilhowie (Town) #51C
• Landfill rebate fee • Business location assistance
• Real Property Improvement Grant • Rehabilitated real estate tax exemption • Building permit fee waiver
• Personal Property/Tools & Machinery Grant • Economic stimulus grant
Property Acquisition Discount • Water and sewer cost reductions
•
Brunswick County #32B
• Bond conduit issuer fee exemption • BPOL tax credit
• New jobs incentive (Accomack County Industrial • Accelerated permit processing • Partial real estate tax exemption
Park) • Building permit fee waiver
• Site acquisition cost discount (Accomack County • Coordination with local banking services
Clifton Forge (Town) #53C
Industrial Park) • Discounted land buy-down
• Discounted sewer hookup fees and rates • Low-interest loans for fixed assets • Building permit fee reimbursement
(Accomack County Industrial Park) • Machinery and tools tax grant • Rezoning fee reimbursement
• Partial real estate tax exemption • Real estate tax reduction
• Water and sewer connection fee waiver • Utility consumer tax reduction
Alleghany County #53A
• Business license tax reduction
Building permit fee reimbursement • Machinery and tools tax reduction
•
Carroll County #27A
• Rezoning fee reimbursement
• Real estate tax reduction • Building permit fee waiver
Clintwood (Town) #49B
• Utility consumer tax reduction • Local job creation credit program
• Business license tax reduction • Water and sewer connection fee waiver • Water and sewer connection fee waiver
• Machinery and tools tax reduction • Workforce training opportunities
Charlotte County #48A
Bedford (Town) #12 Covington (City) #53B
• Accelerated permit processing (Charlotte County and
• Real property improvement incentive Town of Keysville) • Machinery and tools tax grant
• Downtown property improvement incentive • Site purchase discount (Charlotte County and Town • Partial business, professional and occupational
• Downtown façade and signage incentive of Keysville) license fee waiver
• Equipment and jobs incentive • Machinery and tools tax reinvestment grant • Partial real estate tax exemption
• Zoning fees waiver (Charlotte County & Town of Keysville) • Permit and zoning fee waiver
• Sign fees waiver • Real estate reinvestment grant (Charlotte County and • Small business loan program
• Business license fees waiver Town of Keysville) • Utility consumption tax reduction
22 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix C | Local Incentives
Danville (City) #1 and #57B Galax (City) #27C • Workforce training opportunities
• Hospitality stimulus program
• Building permit fee waiver • Building permit fee waiver
• Machinery and tools tax rebate • Water and sewer connection fee waiver
• Industrial development grant Hampton (City) #8 and #35
Glade Spring (Town) #51D
• Capital investment grant
Dickenson County #49A • Partial real estate tax exemption • Business, professional and occupational license fee
• Business, professional and occupational license rebate
• Building and permit fee waivers • Refund of local utility taxes
credit
• Grants based on real estate taxes paid • Coliseum physical improvement grant
• Machinery and tools tax grant • Coliseum central cooperative advertising program
• Partial real estate tax exemption
Grayson County #27B and security improvement grant
• Utility connection fee rebates • Façade improvement grants
• Workforce training grants • Building permit fee waiver • Manufacturing and innovation grant
• Water and sewer connection fee waiver • NASA Langley Research Center Technology grant
Downtown Hampton and Phoebus Retail Incentive
Emporia (City) #43B •
grants
Greensville County #43A
• Business incubation grant
• Business personal property grant • Building and zoning permit fee waiver
• Business, professional and occupational license fee • Discounted land buy-down
waiver • Real estate tax grant
• Façade improvement grant • Machinery and tools tax grant
• Machinery and tools tax grant • Water and sewer connection fee waiver
• Partial real estate tax exemption
• Water and sewer connection fee waiver
• Zoning and building permit fee waiver
Halifax County #15
• Business, professional, and occupational license fee
waiver
Franklin (City) #18A
• Chamber of Commerce membership fee waivers
• Accelerated permit processing • Discounted land buy-down
• Discounted land buy-down • Furniture, fixtures and equipment grant
• Building rehabilitation tax incentive • Local real property investment grants
• Machinery and tools tax rebate • Machinery and tools tax grant
• Electric utility tax rebate • Partial permit fee waivers by the town of South
• Building code and land use development fees rebate Boston
• Fast track permitting process • Partial sales tax exemption in the town of South
Boston
• Utility tax grant on electricity and natural gas Cape Charles Mini Golf in Northhampton County
23 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix C | Local Incentives
Henrico County #28B Isle of Wight County #18C Lunenburg County #48B and #55A
• Accelerated development processing • Accelerated permit processing • Accelerated permit processing
• Rehabilitation real estate tax exemptions • Local job creation grant • Building permit fee waiver
• Building facade grant • Machinery and tools tax grant • Tax-exempt industrial revenue bonds
• Employment & training assistance • Permit fee waivers • Workforce training opportunities
• Plan review & permit fee waivers • Reduced/waived land cost in county industrial parks
• Architectural design assistance program • Reduced/waived cost of water and sewer extension
Kenbridge (Town) #55B
• Fire safety seminars for small businesses • Reduced/waived cost of water and sewer connection
• Crime prevention through environmental design • Accelerated permit processing fees
• Commercial revitalization staff assistance • Building permit fee waiver • Real estate tax grant
• Training seminars for small businesses • Business, professional and occupational license fee • Machinery and tools tax grant
• Off-site improvement grant waiver
• Paving & parking lot sealing grant • Discounted land buy-down
• Landscaping grant • Tax-exempt industrial revenue bonds Lynchburg (City) #46
• Building facade grant for small businesses • Water and sewer connection fee waiver and reduced
• Real estate rehabilitation program
• Building demolition grant extension fees
• Local enterprise zone redevelopment program
• Existing freestanding signage grant • Workforce training
• Local enterprise zone loan pool
Henry County #46A and #54A Kilmarnock (Town) #50A Martinsville (City) #36 and #54B
• Building permit fee waiver • Auto decal fee waiver • Building permit fee waiver
• Furniture, fixtures and equipment grant • Business, professional and occupational license fee • Business, professional and occupational license fee
• Machinery and tools tax grant waivers rebate
• Partial real estate tax exemption • Capital investment and job creation incentives • Furniture, fixtures and equipment grant
• Water and sewer connection fee waiver • Water and sewer connection fee waivers • Grant based on real estate taxes paid
• Zoning, permit and subdivision fee waivers • Machinery and tools tax grant
• Partial real estate tax exemption
Hopewell (City) #9
• Water and sewer connection fee waiver
Lancaster County #50B
• Accelerated permit processing
• Crime prevention assessments Capital investment and job creation incentives
• Mecklenburg County #32A
• Fire safety education seminars • Façade improvement grants
• Land development and permit fee waiver • Micro-enterprise loan pool • Building permit fee waiver (Town of South Hill and
• Partial business, professional and occupational • Partial real estate tax exemption Mecklenburg County)
license fee waiver • Zoning permit fee waiver (Towns of Clarksville and La
• Machinery and tools tax rebate Crosse)
• Partial real estate tax exemption • Water and sewer connect fee refund
• Sewer connection fee waiver • Business license tax waiver (Town of La Crosse)
• Discounted land buy-down in the Airport Industrial
Park
24 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix C | Local Incentives
Mecklenburg County #32A (Continued) Northampton County #26B Pittsylvania County #24 and #57A
• Local job creation grant • Accelerated permit processing and plan review • Dan River Businesses Development Center assis-
• Machinery and tools tax grant • Micro-enterprise loan pool tance
• Partial real property tax exemption • Discounted land buy-down
• Local job creation grant
Newport News (City) #3 • Machinery and tools tax grant
Northumberland County #50C
• Partial business, professional and occupational
• Expansion/relocation cost reduction incentive
• Capital investment and job creation incentive license fee waiver
• Business license (BPOL) fee abatement & utility tax
• Partial real estate tax exemption
refund
• Permit fee waiver
• Façade improvement grant Page County #30 • Regional Center for Applied Technology and Training
• Commercial rehabilitation property tax abatement
• Accelerated permit processing assistance
• Waiver of building permit & development fees
• Business, professional and occupational license fee • Utility connection fee rebates
rebate
• Capital investment grants
Newport News (City) #31 Portsmouth (City) #4
• Development fee rebates
• Expansion/relocation cost reduction incentive • Local sales, meals and lodging tax partial refund
• Business personal property investment grant
• Business, professional and occupational license fee • Partial real estate tax exemption
• Machinery and tools investment grant
rebate • Small business loan program
• Development fee rebate
• Business license (BPOL) fee abatement & utility tax
• Commercial façade loan program
refund
Patrick County #22A • Corridor streetscape improvement incentive
• Commercial rehabilitation property tax abatement
• Mixed-use development incentive
• Façade improvement grant • Building permit fee waiver
• Commercial real estate rehabilitation tax exemption
• Waiver of building permit and development fees • Machinery and tools tax grant
• Partial real estate tax exemption
Norfolk (City) #7 Portsmouth (City) #20
Petersburg (City) #10
• Building permit fee waiver • Business personal property investment grant
• Business, professional, and occupational license fee • Mechanical, plumbing and building permit fee waiver • Machinery and tools tax grant
rebate • Water and sewer permit fee waiver • Real estate investment grant
• Marketing opportunities • Water and sewer tap fee reduction • Commercial real estate rehabilitation tax exemption
• Partial real estate tax exemption • Façade improvement grant • Environmental restoration site tax exemption
• Utility consumption tax reduction • Architectural assistance grant • Development fee rebate
• Free recruiting provided by the city of Norfolk De- • Machinery and tools tax reduction
partment of Economic Development’s Norfolk Works
office
25 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix C | Local Incentives
Prince Edward County #48C Radford #25 Saltville (Town) #6A
• Accelerated permit processing • Utility connect fee rebate • Economic stimulus grant for manufacturers
• Architectural design fee rebate in Farmville Historic • Machinery & tools tax rebate • Building permit fee rebate
District • Small business incentive grant • Water and sewer cost reductions
• Building permit fee waiver • Real estate tax relief • Real estate rehabilitation tax exemption
• Business security audit • BPOL tax credits (Town of Saltville)
Richmond (City) #19
• Crime Prevention through Environmental Design • Tourism-business marketing incentive (Town of
• Discounted land buy-down in Prince Edward Business • Brownfields rebate Saltville)
Park • Business relocation rebate • Downtown revitalization grant (Town of Saltville)
• Machinery and tools tax grants in select business • Development fee rebate • Broadband access connection
parks • Employment assistance grant • Loan application assistance
• Partial real estate tax exemption • Loan fee rebate • Training assistance
• Permit fee waiver for select properties • Machinery and equipment rebate
• Water and sewer connection fee reduction (Town of
Scott County #23
Farmville)
Richmond County #50E
• Building permit and zoning fee waiver
Capital investment and job creation incentives CPA fee refund for EZ incentive attestation
Prince George County #16 • •
• Partial real estate tax exemption • Grant based on real estate taxes paid
• Business, professional and occupational license tax • Meals tax reimbursement • Lodging tax grant
credit • Beautification grant • Machinery and tools tax grant
• Machinery and tools tax rebate • Loan forgiveness program • Merchant capital tax grant
• Utility connection fee discount
• Zoning fee waiver
Smyth County #6B
Roanoke (City) #5
Economic stimulus grant for manufacturers
Pulaski County #25 • Business security grant
•
• Building permit fee rebate
• Permit fee rebates
• Building and equipment financing • Water and sewer cost reductions
• Façade, parking and landscaping improvement grant
• Rebate of water and sewer connection fees • Real estate rehabilitation tax exemption
• Fire suppression retrofit grant and connection fee
• Reduction of water and sewer charges per month • BPOL tax credits (Town of Saltville)
rebate
• Building fee waivers • Tourism-business marketing incentive (Town of
• Partial real estate tax exemption
• Industrial revenue bond financing Saltville)
• Water and sewer and fire connection fee rebates
• Downtown revitalization grant (Town of Saltville)
• Broadband access connection
• Loan application assistance
• Training assistance
26 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix C | Local Incentives
Smyth County #51A Tazewell County # 44 Winchester (City) #21
• Economic stimulus grant for manufacturers • Industrial development grant programs • Growing business development program waiver
• Building permit fee rebate • Partial real estate tax exemption • Business development grant for vacant properties
• Water and sewer cost reductions • Commercial/industrial/mixed-use property rehabili-
• Real estate rehabilitation tax exemption tation grant
Victoria (Town) #55C
• BPOL tax credits (Towns of Chilhowie and Marion) • Commercial façade improvement loans
• Accelerated permit processing • Business growth revolving loan
Major mixed-use development incentive
Southampton County #18B • Discounted land buy-down •
• Tax-exempt industrial revenue bonds • Micro-enterprise loan pool
• Accelerated permit processing • Water and sewer connection and extension fee • Exterior improvement grant
• Building permit fee waiver reduction • Real estate development revolving loan fund
• Discounted land buy-down
• Labor pool information
• Machinery and tools tax grant Warsaw (Town) #50F Wise County #52
• Partial real estate tax exemption
• Capital investment and job creation incentives
• Temporary office space • Building permit fee waiver
• Façade improvement grants
• Utility tax grant for electricity • Discounted land buy-down and reduced development
• Partial real estate tax exemptions
• Workforce training costs
• Machinery and tools tax grant
Washington County #51 • Partial real estate tax exemption
Staunton (City) #17 • Workforce training at UVA Wise and MECC
• Building permit fee waiver
• High tech business location and expansion
• Real property tax exemption
• Professional jobs grant
• Rezoning permit fee waiver Wythe County #11
• Premier company location incentive
• Creative class/entrepreneurship
• Discounted land purchase price
• Destination retail Waynesboro (City) #14 • Reduced water rate
• Minority business incentive
• Local façade grants • Reduced wastewater rate
• Property tax exemption
• Local job creation grants • Rebates of water connection fee
• Increased property tax exemption for low impact
• Partial real estate tax exemption • Meals tax grant
development
• Sidewalk and landscape enhancement grants • Lodging tax grant
• Building permit fee waiver
• Fast track permitting
Stuart (Town) #22B Westmoreland County #50D • Joint IDA revolving loan fund interest rate reduction
• Annual grant to qualifying high-wage, high-invest-
• Business, professional and occupational license fee • Capital investment and job creation incentives
ment, non-manufacturing operations
reduction
• Machinery and tools tax grant
• Partial real estate tax exemption
• Water and sewer connection fee waiver
27 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix D-Incentive Utilization
Zone Information Number of Grants Per Year Summary of 2023 Grants
Total Amount of Percent of Total
Zone # Community Acreage Designation Expiration 2023 2022 2021 2020 2019
Grant Funding Amount
Charlotte County 773 0 1 0 0 1 $0.00 0.00%
48 Lunenburg County 405 2000 2033 0 0 0 0 0 $0.00 0.00%
Prince Edward County 2,859 0 1 0 3 2 $0.00 0.00%
Dickenson County 3,645 0 0 0 0 0 $0.00 0.00%
49 Town of Clintwood 237 2000 2033 0 1 0 0 0 $0.00 0.00%
Town of Haysi 163 0 0 0 0 0 $0.00 0.00%
Town of Warsaw 961 1 2 1 4 3 $116,068.02 0.76%
Lancaster County 3,696 0 0 0 1 0 $0.00 0.00%
Northumberland County 2,496 1 0 1 0 0 $100,000.00 0.66%
50 2000 2033
Richmond County 1,140 0 1 0 0 3 $0.00 0.00%
Westmoreland County 3,786 1 3 2 2 2 $74,590.19 0.49%
Town of Kilmarnock 374 3 1 3 0 1 $259,912.99 1.71%
Smyth County 3,572 2 3 4 2 3 $238,986.00 1.57%
Washington County 3,594 6 4 2 1 0 $495,825.80 3.26%
51 2000 2033
Town of Chilhowie 505 0 0 0 0 0 $0.00 0.00%
Town of Glade Spring 289 0 0 1 1 0 $0.00 0.00%
Alleghany County 3,608 0 1 2 0 3 $0.00 0.00%
53 Town of Clifton Forge 246 2001 2034 0 0 0 1 1 $0.00 0.00%
City of Covington 639 0 0 0 3 1 $0.00 0.00%
Henry County 2934 5 2 1 2 7 $639,114.27 4.20%
54 2001 2034
City of Martinsville 527 1 0 0 2 2 $100,000.00 0.66%
Lunenburg County 364 0 0 0 0 0 $0.00 0.00%
55 Town of Kenbridge 310 2001 2034 2 1 0 0 0 $75,999.53 0.50%
Town of Victoria 220 0 0 0 0 0 $0.00 0.00%
Pittsylvania County 3,428 4 5 3 4 0 $577,885.00 3.80%
57 2001 2034
City of Danville 1,608 3 4 4 3 1 $120,281.00 0.79%
Patrick County 3,621 2 1 0 0 0 $115,238.00 0.76%
22 2002 2035
Town of Stuart 176 0 0 0 0 0 $0.00 0.00%
28 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix D | Incentive Utilization (Continued)
City of Richmond (North) 3,588 13 11 15 22 35 $1,053,383.71 6.92%
28 2003 2036
Henrico County 3,811 20 17 13 17 12 $1,782,145.55 11.71%
1 City of Danville 1,911 2004 2037 4 3 7 8 9 $368,235.37 2.42%
2 City of Lynchburg 2,198 2004 2037 8 5 10 11 9 $750,232.30 4.93%
3 City of Newport News 3,839 2004 2037 24 4 10 15 14 $2,148,812.04 14.12%
5 City of Roanoke 1,904 2004 2037 2 6 7 11 7 $116,872.00 0.77%
Smyth County 619 0 0 0 0 0 $0.00 0.00%
6 2004 2037
Town of Saltville 357 0 0 0 0 0 $0.00 0.00%
8 City of Hampton 3,233 2005 2038 4 3 3 3 10 $600,000.00 3.94%
9 City of Hopewell 2,183 2005 2038 2 1 2 2 2 $98,957.89 0.65%
10 City of Petersburg 922 2005 2038 3 2 2 1 3 $161,394.72 1.06%
11 Wythe County 3,421 2005 2038 1 1 3 3 3 $100,000.00 0.66%
12 Town of Bedford 636 2005 2038 1 1 0 1 0 $50,000.00 0.33%
14 City of Waynesboro 608 2008 2041 0 0 0 2 2 $0.00 0.00%
15 Halifax County 2,853 2008 2041 7 5 5 4 6 $558,196.94 3.67%
52 Wise County 3,808 2008 2041 1 2 1 0 1 $9,048.00 0.06%
4 City of Portsmouth 1,468 2010 2043 5 5 4 3 4 $313,222.33 2.06%
7 City of Norfolk 2,371 2010 2043 9 7 8 13 14 $827,062.93 5.44%
16 Prince George County 3,754 2010 2043 2 2 2 1 4 $220,248.00 1.45%
17 City of Staunton 699 2010 2043 1 1 2 3 2 $100,000.00 0.66%
City of Franklin 878 2 0 2 0 1 $156,086.68 1.03%
18 Southampton County 3412 2010 2043 0 0 0 0 0 $0.00 0.00%
Isle of Wight County 2,438 0 1 1 1 1 $0.00 0.00%
24 Pittsylvania County 3,132 2010 2043 1 0 0 0 0 $200,000.00 1.31%
19 City of Richmond (South) 3,611 2013 2046 3 3 6 7 3 $127,997.60 0.84%
Greensville 3,280 0 0 0 0 0 $0.00 0.00%
43 2013 2046
City of Emporia 631 2 1 2 0 1 $148,175.00 0.97%
20 City of Portsmouth 3,659 2014 2047 1 2 3 2 3 $21,155.00 0.14%
21 City of Winchester 607 2014 2047 4 2 0 1 2 $252,182.58 1.66%
29 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix D | Incentive Utilization (Continued)
23 Scott County 3,133 2014 2047 2 2 1 0 0 $156,488.00 1.03%
Pulaski County 3,748 3 2 4 3 4 $97,463.00 0.64%
25 2014 2047
City of Radford 1,289 2 2 2 4 2 $200,000.00 1.31%
Accomack County 3,361 0 0 0 0 1 $0.00 0.00%
26 2015 2048
Northampton County 2,993 1 2 2 1 2 $34,716.86 0.23%
Carroll County 3,658 0 1 0 0 0 $0.00 0.00%
27 Grayson County 1,231 2015 2048 0 0 1 0 0 $0.00 0.00%
City of Galax 638 0 0 1 3 0 $0.00 0.00%
29 City of Bristol 634 2015 3 2 3 4 5 $209,234.00 1.38%
2048
30 Page County 2,084 2015 0 0 0 4 0 $0.00 0.00%
31 City of Newport News 3,236 2015 2048 6 3 2 2 5 $489,949.00 3.22%
Mecklenburg County 2,738 0 1 2 1 1 $0.00 0.00%
32 2016 2049
Brunswick County 273 0 1 1 1 0 $0.00 0.00%
35 City of Hampton 3,636 2016 2049 2 2 3 2 10 $180,069.60 1.18%
Henry County 3,840 4 4 3 4 7 $443,452.36 2.91%
36 2016 2049
City of Martinsville 630 0 1 0 1 2 $0.00 0.00%
44 Tazewell County 3,786 2016 2049 1 2 2 2 1 $30,099.00 0.20%
46 City of Lynchburg 2,176 2016 2049 5 1 5 4 3 $298,168.65 1.96%
180 Summary of 2023 Grants 100%
Number of Incentives
Per Year (2023) Amount: $15,216,949.91
30 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
Appendix E | High Unemployment Areas (HUAs)
High Unemployment Areas (HUAs) are enterprise zone localities with unemployment rates one and one-half times (150%)
or more than the state average based on the most recent annualized unemployment data published by the Virginia
Employment Commission. The following localities are HUAs:
32 1 57 49 43
Brunswick County City of Danville Dickenson County City of Emporia
9 36 10
City of Hopewell City of Martinsville City of Petersburg
The following localities in joint zones with the HUAs above are NOT HUAs:
Mecklenburg County
Pittsylvania County
Towns of Clintwood and Haysi
Mecklenburg County
Greensville County
Henry County
31 VIRGINIA ENTERPRISE ZONE
GY2023 ANNUAL REPORT
GRANT YEAR 2024
Applications for the upcoming grant year, Grant Year 2024 (GY2024),
are due April 1, 2025. The EZ Application Submission Portal is open for
submitting GY2024 January 1, 2025-April 1, 2025. For the Job Creation
Grant, zone investors that created grant-eligible jobs anytime in
calendar year 2024 (January 1, 2024 - December 31, 2024) are eligible
for GY2024. For the Real Property Investment Grant, zone investors
that received final placed-in-service documentation for qualified
real property investments in calendar year 2024 (January 1, 2024-
December 31, 2024) are eligible for GY2024.
ezone@dhcd.virginia.gov
dhcd.virginia.gov/vez
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