Industrial Site Development


Appalachian Regional Commission (ARC)

Virginia's Appalachian Regional Commission (ARC) funding fosters economic development and improves the quality of life for our Appalachian citizens. ARC provides assistance in the long-term development of a chronically depressed multi-state region, which includes 25 counties and eight independent cities in Virginia. ARC invests in water and sewer service to communities, workforce training… Click Here


Community Development Block Grant (CDBG)

This CDBG program funds eligible units of local government to redevelop blighted structures in support of the location of a new industry or expansion of an existing industry. Projects must result in job creation and private investment.

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Opportunity Zones (OZ)

Opportunity Zones are a federal tax benefit available to investors with capital gains. Investors can make investments in low-income census tracts [IRC Section 45D(e)] that were nominated by the governor of Virginia and certified by the U.S. Treasury. A low-income census tract is defined as having an individual poverty rate of at least 20 percent or a median family income no greater than… Click Here


Port Host Communities Revitalization Fund

The General Assembly has allocated $1 million for Fiscal Year 2020 to be used for the strategic removal or redevelopment ofport related properties in the five port host communities of the town of Front Royal and the cities of Newport News, Norfolk, Portsmouth and Richmond.For the purposes of this program, the term “port-related”will be considered to mean any non-residential structure that was… Click Here


Private Activity Bonds

The Virginia Department of Housing and Community Development is responsible for that portion of Virginia’s private activity bonds set aside for local housing authorities and for that portion set aside for the state allocation.

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GO Virginia

The Virginia Growth and Opportunity Board is responsible for overseeing the development and implementation of the GO Virginia program, including receiving and assessing applications for funding submitted by the nine regional councils. The 24-member board consists of seven legislators, three members of the governor’s cabinet, seven legislators and 14 private sector representatives.

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Virginia Enterprise Zone (VEZ)

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… Learn More