|Jordan Snelling (804-371-7121)
Tory McGowan (804-371-7066)
The Virginia Enterprise Zone (VEZ) program is a partnership between state and local government that encourages job creation and private investment. VEZ accomplishes this by designating Enterprise Zones throughout the state and providing two grant-based incentives, the Job Creation Grant (JCG) and the Real Property Investment Grant (RPIG), to qualified investors and job creators within those zones, while the locality provides local incentives.
For a list of zones, see the VEZ map.
Grant Year 2016
- Grant Year 2015 “How to Qualify” Presentation
- Grant Year 2015 How-to-Qualify Frequently Asked Questions
NEW ELECTRONIC DISBURSEMENT REQUIREMENTS FOR 2016!
Beginning with Grant Year 2016, all Enterprise Zone Grant applicants are required to register for the Electronic Data Interchange (EDI) program through the Virginia Department of Accounts (DOA) in advance of submitting an Enterprise Zone application. All grant payments will be disbursed electronically to the bank accounts registered with the EDI program, and hard-copy checks will not be utilized. W-9s will not be accepted in lieu of registering for the EDI.
If you are not currently participating in the EDI program, you must go to www.doa.virginia.gov , choose the Electronic Data Interchange (EDI) button on the right side of your screen and select, complete, and submit the appropriate Trading Partner Agreement and Enrollment form, using the EDI Guide for Vendors, Localities, Grantees, State Agencies and Non-state Agencies for information on the Commonwealth of Virginia's EDI payment program. Completed forms can be returned to the Department of Accounts via email, fax or by US mail:
Applicants who have more than one EDI account should have Suffix numbers for each bank account registered for Commonwealth of Virginia payments. In addition to the Taxpayer Identification Number (FEIN or SSN), applicants should provide the Suffix number (typically formatted as 00, 01, 02, etc.) for the desired bank account for the EZ grant payment. If an applicant does not provide the additional Suffix, the payment will automatically route to the main bank account registered with the FEIN on the application.
If you have any questions regarding EDI enrollment, please contact the EDI Unit at the Department of Accounts:
How-to-Qualify Workshop Registration
December 12, 2016
Wytheville Meeting Centre, Evansham Ballroom
333 Community Boulevard, Wytheville, VA 24382
December 13, 2016
Main Street Centre, 12th Floor, North Conference Room
600 E. Main Street, Richmond, VA 23219
January 10, 2017
Halifax County IDA, 1st Floor, Conference Room
1100 Confroy Drive, South Boston, VA 24592
January 11, 2017
Ruppert Sargent Building, 1st Floor, Veterans Conference Room
1 Franklin Street, Hampton, VA 23669
- Job Creation Grant Manual (JCG)
- JCG Worksheets
- Real Property Investment Grant (RPIG)
- RPIG Supplemental Forms
- RPIG 2011-2014 Award Schedule
- CPA Agreed Upon Procedures
- CPA Attestation Report Forms
- CPA Engagement Letter Template
State incentives are available to businesses and zone investors who create jobs and invest in real property within the boundaries of enterprise zones.
- Qualification for the Job Creation Grant (JCG) is based on permanent full-time job creation over a four job threshold, wage rates of at least 175 percent of the Federal minimum wage (150 percent in HUAs*), and the availability of health benefits. Personal service, retail, food and beverage positions are not eligible to receive job creation grants.
*As of 2010, firms located in High Unemployment Areas (HUAs) may qualify for the JCG at the reduced wage rate threshold of $10.88 (150 percent of the Federal minimum wage). A list of HUAs is provided below in the Helpful Links section of this page.
- Eligiblity for the Real Property Investment Grant (RPIG) is based on qualified investments made to commercial, industrial, and mixed-use buildings or facilities located within the boundaries of an enterprise zone. To be eligible for the RPIG, an individual or entity must invest at least $100,000 for rehabilitation or expansion projects and at least $500,000 for new construction projects.
For more information about state incentive eligibility criteria and grant awards please reference the Virginia Enterprise Zone Grant Matrix under the “Helpful Links “section.
- Funding Allocation Revisions
In an effort to prioritize job creation, Job Creation Grants will receive funding priority should grant request exceed available funds. In the event that grant requests exceed allocated funding, Real Property Investment Grants may be subject to proration.
Job Creation Grant Revisions
The Virginia Enterprise Zone (VEZ) Job Creation Grant (JCG) has reduced the wage rate threshold for job grants in areas with unemployment rates that are equal to or more than one and one-half times the state average to 150 percent of the federal minimum wage or $10.88 to receive grants. High unemployment area zones authorized by this new provision are listed on the link below.
|Wage Rate Threshold*||Grant Per PFTE||Eligible Businesses|
In addition to state incentives, each locality offers its own package of incentives tailored to their unique needs. To find out whether a business or real property is located within an enterprise zone, or to learn more about a specific zone’s local incentive package, see the contact list of Local Zone Administrators.