Virginia

Quick Facts

Virginia Governor Terry McAuliffe

Virginia Governor Terry McAuliffe

  • Capital: Richmond
  • Population (2012 Est.): 8,185,867
  • Largest Cities (2012): Virginia Beach, 447,021; Norfolk, 245,782; Chesapeake, 228,417; Richmond, 210,309; Newport News, 180,726
  • Targeted Industries: Automotive, IT, Aerospace, Corporate Headquarters, Food Processing, Plastics & Advanced Polymers, Warehousing/Distribution
  • GDP (All Industry 2012): $445.8 billion*

*Bureau of Economic Analysis, U.S. Department of Commerce

virginia

Incentives

Technology Zones: Virginia cities, counties and towns have the ability to establish, by ordinance, one or more technology zones to attract growth in targeted industries. Qualified businesses locating or expanding operations in a zone may receive local permit and user fee waivers, local tax incentives, special zoning treatment or exemption from ordinances. Once a local technology zone has been established, incentives may be provided for up to 10 years. Each locality designs and administers its own program.

Economic Development Access Program: Administered by the Virginia Department of Transportation, it assists localities in providing adequate road access to new and expanding basic employers.

Enterprise Zones: Provides state and local incentives to businesses that invest and create jobs within Virginia’s enterprise zones, which are located throughout the state.

Foreign Trade Zones: Virginia offers six foreign trade zones designed to encourage businesses to participate in international trade by effectively eliminating or reducing customs duties. Also, numerous subzones are provided and additional ones can be designated to enhance the trade capabilities of specific companies.

Defense Production Zones: Virginia authorizes its communities to establish local defense production zones to benefit businesses engaged in the design, development or production of materials, components or equipment required to meet the needs of national defense. Companies deemed ancillary to or in support of the aforementioned categories would also apply.

FINANCING 

Governor’s Opportunity Fund: Discretionary funds available to the Governor to secure a business location or expansion project for Virginia. Grants are awarded to localities on a local matching basis with the expectation that the grant will result in a favorable location decision for the Commonwealth. The Governor’s Opportunity Fund is a vital, proven deal-closing incentive that Virginia and its communities have successfully used for almost two decades.

Virginia Investment Partnership (VIP) Grant Fund/ Major Eligible Employer Grant (MEE): Discretionary performance incentives designed to encourage continued capital investment by existing Virginia companies, resulting in added capacity, modernization, increased productivity or the creation, development and utilization of advanced technology.

Clean Energy Manufacturing Incentive Grant: Designed to provide financial incentives to companies that manufacture or assemble equipment, systems, or products used to produce renewable or nuclear energy or products used for energy conservation, storage, or grid efficiency purposes.

Virginia Economic Development Incentive Grant: A discretionary investment performance grant program designed to assist and encourage companies to invest and create new employment opportunities by locating significant headquarters, administrative or service sector operation in Virginia. Eligible projects must meet minimum requirements for capital investment and job creation.

Tobacco Region Opportunity Fund: A discretionary cash grant made to a locality in Virginia’s tobacco-producing regions by the Tobacco Indemnification and Community Revitalization Commission (generally in the southern and southwest regions of the state) for assistance with economic development projects.

Transportation Partnership Opportunity Fund (TPOF): Provides grants, revolving loans or other financial tools and equity contributions to encourage the development of transportation projects and to provide monies to address the transportation aspects of economic development opportunities.

Rail Industrial Access Program: Helps connect businesses to freight rail service by funding the construction or improvement of railroad tracks and facilities to serve industrial or commercial sites where freight rail service is currently needed or anticipated in the future. This grant program supports localities, businesses or industries seeking to provide freight rail service between the actual site of an existing or proposed commercial facility and common carrier railroad tracks.

Virginia Small Business Financing Authority (VSBFA): Offers programs to provide businesses with access to capital needed for growth and expansion.

Port of Virginia Economic and Infrastructure Development Zone Grant Program (POV Zone Grant): The POV Zone Grant provides a grant to certain Qualified Companies to incentivize companies to locate new maritime-related employment centers or expand existing centers in specified localities in order to encourage and facilitate the growth of the Port of Virginia in accordance with criteria established by legislation.

TAX INCENTIVES

Sales & Use Tax Exemptions: Data centers are eligible for a sales and use tax exemption if they invest at least $150 million, hire at least 50 employees (including dedicated, full time contract employees), pay at least 1.5 times the average prevailing wage in the locality where the center is located, and enter into an MOU with the Virginia Economic Development Partnership. The job threshold may be reduced if the facility is located in an Enterprise Zone or in a severely distressed community as defined by the Virginia Economic Development Partnership (unemployment at least 150% of the average statewide unemployment). This exemption applies to the 5.3% – 6.0% (depending upon the locality) sales tax on servers, server related equipment, chillers, generators and other enabling hardware.

Property Tax Exemptions: Virginia does not tax intangible property, manufacturers’ inventory, and manufacturers’ furniture, fixtures and corporate aircraft.

Corporate Income Tax Credits: Virginia offers a variety of tax credits that are available for use against a company’s corporate tax liability:

  • Major Business Facility Job Tax Credit
  • Recycling Equipment Tax Credit
  • Day Care Facility Investment Tax Credit
  • Worker Retraining Tax Credit
  • Virginia Port Tax Credit Programs
  • Research and Development Tax Credit
  • Green Job Creation Tax Credit

WORKFORCE DEVELOPMENT

Virginia Jobs Investment Program: A program that offers customized recruiting and training assistance to companies that are creating new jobs or experiencing technological change.

City of Waynesboro Office of Economic Development

Greg Hitchin
Economic Development Director
301 West Main Street
Waynesboro, VA 22980
540-942-6779
fax: 540-942-6755
[email protected]
www.waynesborobusiness.com

Sitting at the crossroads of two interstates and two railroads, Waynesboro boasts a strong industrial heritage, booming commercial corridors and a central business district with a developing arts and culture cluster.

City_of_Waynesboro_logo

Culpeper County Department of Economic Development

Carl B. Sachs
Director
101 Duke St., Suite 116
Culpeper, VA 22701
540-727-3410
fax: 540-727-3448
[email protected]
www.culpeperusa.com

An hour south of Washington, D.C., Culpeper boasts a skilled workforce, excellent real estate values, robust infrastructure, and an outstanding quality of life. Culpeper, Virginia… light-speed business, star-filled skies.

Culpeper_CoDED_logoTAG

State Listings

  • Virginia Department of Business Assistance

    Peter Su
    Agency Director
    1220 Bank Street, 3rd Floor South
    Richmond, VA 23219
    P: 804-371-8200
    [email protected]
    www.vdba.virginia.gov
  • Virginia Economic Development Partnership

    Martin Briley
    President & CEO
    901 East Byrd Street
    Richmond, VA 23219
    P: 804-545-5600
    [email protected]
    www.yesvirginia.org

 

Utility Listings

  • Dominion Virginia Power

    R. Kent Hill
    Senior Manager, Economic Development
    P.O. Box 26666
    Richmond, VA 23261
    P: 804-771-4987
    [email protected]
    www.dom.com

 

Regional Listings

  • Central Virginia Partnership for Economic Development

    Helen Cauthen
    President
    2211 Hydraulic Road, Suite 104
    Charlottesville, VA 22901
    P: 434-979-5610
    [email protected]
    www.centralvirginia.org
  • Commonwealth Regional Council

    Mary S. Hickman
    Acting President
    P.O. Box P, One Mill Street, Suite 101
    Farmville, VA 23901
    P: 434-392-6104
    [email protected]
    www.virginiasheartland.org
  • Fredericksburg Regional Alliance

    Curry Roberts
    President
    1125 Jefferson Davis Highway, Suite 240 (P.O. Box 119)
    Fredericksburg, VA 22401
    P: 540-361-7373
    [email protected]
    www.fra-yes.org
  • New River Valley Economic Development Alliance

    Aric H. Bopp
    Executive Director
    6226 University Park Drive, Suite 2200
    Radford, VA 24141
    P: 540-267-0007, ext. 205
    [email protected]
    www.nrvalliance.org
  • Roanoke Regional Partnership

    Beth Doughty
    Executive Director
    111 Franklin Plaza, Suite 333
    Roanoke, VA 24011
    P: 540-343-1550, ext. 102
    [email protected]
    www.roanoke.org
  • Shenandoah Valley Partnership

    Joan Hollen
    Marketing Specialist
    PO Box 2241
    Harrisonburg, VA 22801
    P: 540-568-3100
    [email protected]
    www.shenandoah-valley.biz
  • Southern Virginia Regional Alliance

    Steve Bridges
    Director of Economic Development
    150 Slayton Avenue
    Danville, VA 24540
    P: 434-766-6707
    [email protected]
    www.gosouthernvirginia.com
  • Virginia Coalfield Economic Development Authority

    Jonathan S. Belcher
    Executive Director
    P.O. Box 1060
    Lebanon, VA 24266
    P: 276-889-0381
    [email protected]
    www.vaceda.org
  • Virginia’s Gateway Region Economic Development Organization

    C. Renee Wyatt-Chapline
    Executive Director
    256 E. Ellerslie Avenue, Suite D
    Colonial Heights, VA 23834
    P: 804-732-8971
    [email protected]
    www.gatewayregion.com
  • Virginia’s Region 2000 Business & Economic Development Alliance

    Megan A. Lucas, CEcD
    CEO
    828 Main Street, 12th Floor
    Lynchburg, VA 24504
    P: 434-847-1447, ext. 314
    [email protected]
    www.region2000.org

 

County Listings

  • Alleghany Highlands Economic Development Corporation

    David Kleppinger
    Executive Director
    1000 Dabney Drive, Suite 510
    Clifton Forge, VA 24422
    P: 540-862-0936
    [email protected]
    www.ahedc.com
  • Appomattox County, Virginia

    Jeff Taylor
    Director of Economic Development
    PO Box 863 (153-A Morton Lane)
    Appomattox, VA 24522
    P: 434-352-2637, ext. 2515
    [email protected]
    www.AppomattoxCountyVa.gov
  • Arlington County Economic Development Office

    Terry Holzheimer
    Director, Economic Development
    1100 North Glebe Road, Suite 1500
    Arlington, VA 22201
    P: 703-228-0850
    [email protected]
    www.arlingtonvirginiausa.com
  • Bedford County Economic Development

    Traci Blido
    Director
    122 East Main Street, Suite 202
    Bedford, VA 24523
    P: 540-587-5670, ext. 1371
    [email protected]
    www.bedfordeconomicdevelopment.com
  • Brunswick County Industrial Development Authority

    Joan V. Moore
    Executive Director
    116 West Hicks Street
    Lawrenceville, VA 23868
    P: 434-848-0248
    [email protected]
    www.bcida.org
  • Campbell County Department of Economic Development

    Mike Davidson
    Director
    P.O. Box 100
    Rustburg, VA 24588
    P: 434-592-9595
    [email protected]
    www.campbellvirginia.com
  • Culpeper County Department of Economic Development

    Carl B. Sachs
    Director
    101 Duke Street, Suite 116
    Culpeper, VA 22701
    P: 540-727-3410
    [email protected]
    www.culpeperusa.com
  • Fairfax County Economic Development Authority

    Catherine W. Riley
    Vice President, Marketing
    8300 Boone Boulevard, Suite 450
    Vienna, VA 22182
    P: 703-790-0600
    [email protected]
    www.fairfaxcountyeda.org
  • Franklin Southampton Economic Development, Inc.

    Amanda C. Jarratt
    President & CEO
    601 North Mechanic Street, Suite 300
    Franklin, VA 23851
    P: 757-562-1958
    [email protected]
    www.franklinsouthamptonva.com
  • Henrico County Economic Development Authority

    Toney Hall
    Director of Marketing
    4300 East Parham Road
    Henrico, VA 23228
    P: 804-501-7654
    [email protected]
    www.henrico.com
  • James City County Office of Economic Development

    Russell Seymour
    Director
    101-D Mounts Bay Drive
    Williamsburg, VA 23185
    P: 757-253-6607
    [email protected]
    www.yesjamescitycountyva.com/
  • Joint Industrial Development Authority of Wythe County

    Alan R. Hawthorne
    Executive Director
    190 South First Street
    Wytheville, VA 24382
    P: 276-223-3370
    [email protected]
    www.wytheida.org
  • Loudoun County Department of Economic Development

    Budder Rizer, CEcD
    Acting Director
    1 Harrison St. SE, Mailstop 63
    Leesburg, VA 20175
    P: 703-777-0592
    [email protected]
    www.biz.loudoun.gov
  • Martinsville-Henry County Economic Development Corporation

    Mark Heath
    President & CEO
    191 Fayette St., Third Floor
    Martinsville, VA 24114
    P: 276-403-5940
    [email protected]
    www.yesmartinsville.com
  • Mecklenburg County

    Angie Kellett
    Director of Economic Development
    P.O. Box 307
    Boydton, VA 23917
    P: 434-738-6388
    [email protected]
    www.mecklenburgva.com
  • Nelson County Economic Development

    Maureen A. Kelley
    Director
    8519 Thomas Nelson Highway, P.O. Box 636
    Lovingston, VA 22949
    P: 434-263-7015
    [email protected]
    www.nelsoncounty-va.gov
  • Orange County Economic Development

    Karen T. Epps
    Director
    112 West Main Street, P.O. Box 111
    Orange, VA 22960
    P: 540-672-1238
    [email protected]
    www.thinkorangeva.com
  • Prince William County Economic Development

    Jeffrey Kaczmarek
    Executive Director
    13575 Heathcote Boulevard, Suite 240
    Gainesville, VA 20155
    P: 703-792-5500
    [email protected]
    www.pwcecondev.org
  • Pulaski County


    Director, Community Development
    143 Third Street NW, Suite 1
    Pulaski, VA 24301
    P: 540-980-7710
    [email protected]
    www.pulaskicounty.org
  • Rappahannock County

    John McCarthy
    County Administrator
    P.O. Box 519
    Washington, VA 22747
    P: 540-675-5330
    [email protected]
    www.rappahannockcountyva.gov
  • Roanoke County Department of Economic Development

    Jill B. Loope
    Director
    5204 Bernard Drive, P.O. Box 29800
    Roanoke, VA 24018
    P: 540-772-2124
    [email protected]
    www.yesroanoke.com
  • Spotsylvania County Department of Economic Development

    Tom Rumora
    Director
    9019 Old Battlefield Boulevard, Suite 310
    Spotsylvania, VA 22553
    P: 540-507-7201
    [email protected]
    www.spotsylvania.org
  • York County Office of Economic Development

    James W. Noel, Jr.
    Director
    P.O. Box 612
    Yorktown, VA 23690
    P: 757-890-3317
    [email protected]
    ww.yorkcounty.gov

 

City Listings

  • Access Bristol (Bristol Office of Economic Development)

    Andrew O. Trivette
    Director of Community & Economic Development
    P.O. Box 16397, 15022 Lee Highway
    Bristol, VA 24209-6397
    P: 276-645-7471
    [email protected]
    www.accessbristolva.com
  • Alexandria Economic Development Partnership, Inc.

    Val P. Hawkins
    President & CEO
    625 North Washington Street, Suite 400
    Alexandria, VA 22314
    P: 703-739-3820, ext. 5343
    [email protected]
    www.alexecon.org
  • Chase City

    Rickey Reese
    Town Manager
    319 N. Main St.
    Chase City, VA 23924
    P: 434-372-5136
    [email protected]
    www.chasecity.org
  • City of Charlottesville Office of Economic Development

    Chris Engel, CEcD
    Director of Economic Development
    610 East Market Street, Room B230, P.O. Box 911
    Charlottesville, VA 22902
    P: 434-970-3111
    [email protected]
    www.charlottesville.org
  • City of Chesapeake Economic Development Agency

    Steven C. Wright
    Director
    676 Independence Parkway, Suite 200
    Chesapeake, VA 23320
    P: 757-382-8040
    [email protected]
    www.chesapeakeva.biz
  • City of Colonial Heights Dept. of Planning and Community Development

    George Schanzenbacher, AICP
    Director of Planning & Community Development
    201 James Ave., P.O. Box 3401
    Colonial Heights, VA 23834-9001
    P: 804-520-9275
    [email protected]
    www.colonialheightsva.gov
  • City of Covington

    J. B. Broughman
    Interim City Manager
    333 West Locust Street
    Covington, VA 24426
    P: 540-965-6300
    [email protected]
    www.covington.va.us
  • City of Danville Office of Economic Development

    Jeremy Stratton
    Director
    427 Patton Street, Suite 203, P.O. Box 3300
    Danville, VA 24543
    P: 434-793-1753
    [email protected]
    www.discoverdanville.com
  • City of Fairfax

    Bob Sisson
    City Manager
    City Hall, 10455 Armstrong Street, Room 316
    Fairfax, VA 22030
    P: 703-385-7850
    [email protected]
    www.fairfaxva.gov
  • City of Fredericksburg Economic Development

    Karen Hedelt
    Director
    706 Caroline Street
    Fredericksburg, VA 22401
    P: 540-372-1216
    [email protected]
    www.fredericksburgva.gov
  • City of Hopewell

    J. Andrew "Andy" Hagy
    Economic Development Director
    300 North Main Street, 2nd Floor, Room 216
    Hopewell, VA 23860
    P: 804-541-2243
    [email protected]
    www.hopewellva.gov
  • City of Manassas

    Elizabeth S. Via-Gossman, AICP
    Director, Department of Community & Economic Development
    9027 Center Street
    Manassas, VA 20110
    P: 703-257-8223
    [email protected]
    www.manassascity.org
  • City of Manassas Park

    Vanessa Watson
    Director of Planning & Zoning; Economic Development Liaison
    City Hall, One Park Center
    Manassas Park, VA 20111
    P: 703-335-8820
    [email protected]
    www.cityofmanassaspark.us
  • City of Norton

    Fred Ramey
    City Manager
    618 Virginia Avenue, NW
    Norton, VA 24273
    P: 276-679-1160
    [email protected]
    www.nortonva.org
  • City of Petersburg

    Vandy Jones, III
    Economic Development Manager
    400 East Washington Street
    Petersburg, VA 23803
    P: 804-733-2352
    [email protected]
    www.petersburg-va.org
  • City of Salem Department of Planning

    Melinda J. Payne
    Director of Planning & Community Development
    114 North Broad Street (P.O. Box 869)
    Salem, VA 24153-0869
    P: 540-375-3007
    [email protected]
    www.salemva.gov
  • City of Waynesboro Office of Economic Development and Tourism

    Greg Hitchin
    Director
    301 West Main Street
    Waynesboro, VA 22980
    P: 540-942-6779
    [email protected]
    www.waynesborobusiness.com
  • Downtown Hampton Development Partnership

    Jimmy Cerracchio
    Executive Director
    710 Settlers Landing Road
    Hampton, VA 23669
    P: 757-727-1271
    [email protected]
    www.downtownhampton.com
  • Falls Church Office of Economic Development

    Richard Goff
    Director
    300 Park Avenue, Suite 301 East
    Falls Church, VA 22046
    P: 703-248-5491
    [email protected]
    www.fallschurchva.gov
  • Greater Richmond Partnership

    Gregory Wingfield
    President
    901 East Byrd Street, Suite 801
    Richmond, VA 23219
    P: 804-643-3227
    [email protected]
    www.grpva.com
  • Lynchburg Office of Economic Development (LOED)

    Marjette G. Upshur
    Director
    900 Church Street
    Lynchburg, VA 24504
    P: 434-455-4490
    [email protected]
    www.opportunitylynchburg.com
  • Newport News Economic/Industrial Development Authority

    Sam Workman
    Assistant Director of Development
    2400 Washington Avenue, 3rd Floor
    Newport News, VA 23607
    P: 757-926-8428
    [email protected]
    www.newportnewsva.com
  • Norfolk Department of Development

    Sarah Parker
    Assistant Director - Marketing
    500 East Main Street, Suite 1500
    Norfolk, VA 23510
    P: 757-664-4338
    [email protected]
    www.norfolkdevelopment.com
  • Portsmouth Department of Economic Development

    Patrick J. Small, CEcD
    Director
    200 High Street, Suite 200
    Portsmouth, VA 23704
    P: 757-393-8804
    [email protected]
    www.portsmouthvaed.com
  • Richmond Department of Economic & Community Development

    Betty-Anne Teter
    Program Administrator, Business Attraction & Expansion
    1500 East Main Street, Suite 400
    Richmond, VA 23219
    P: 804-646-1823
    [email protected]
    www.yesrichmondva.com
  • South Hill

    Kim Callis
    Town Manager
    211 S. Mecklenburg Ave
    South Hill, VA 23970
    P: 434-447-3191
    [email protected]
    www.southhillva.org
  • Staunton Department of Economic Development

    Bill Hamilton
    Director
    116 West Beverley Street (P.O. Box 58)
    Staunton, VA 24402
    P: 540-332-3869
    [email protected]
    www.stauntonbusiness.com/
  • Suffolk Department of Economic Development

    Kevin Hughes
    Director
    440 Market Street, P.O. Box 1858
    Suffolk, VA 23439
    P: 757-514-4043
    [email protected]
    www.suffolkva.us
  • The City of Harrisonburg, Virginia

    Brian B. Shull
    Economic Development Director
    345 S. Main Street, Suite 201
    Harrisonburg, VA 22801
    P: 540-432-7736
    [email protected]
    www.harrisonburgdevelopment.com
  • Town of Altavista

    John Waverly Coggsdale, III
    Town Manager
    510 Seventh Street, P.O. Box 420
    Altavista, VA 24517
    P: 434-369-5001
    [email protected]
    www.altavistava.gov
  • Town of Amherst

    Jack Hobbs
    Town Manager
    P.O. Box 280
    Amherst, VA 24521-0280
    P: 434-946-7885
    [email protected]
    www.amherstva.gov
  • Town of Blacksburg

    Marc Verniel
    Town Manager
    300 South Main Street
    Blacksburg, VA 24060
    P: 540-961-1130
    [email protected]
    www.blacksburg.gov
  • Town of Blackstone

    Philip Vannoorbeeck
    Town Manager
    100 West Elm Street
    Blackstone, VA 23824
    P: 434-292-7251
    [email protected]
    www.townofblackstoneva.com
  • Town of Bridgewater

    Bob Holton
    Superintendent
    201 Green Street
    Bridgewater, VA 22812
    P: 540-828-3390
    [email protected]
    http://town.bridgewater.va.us
  • Town of Buchanan

    Larry Hall
    Mayor
    P.O. Box 205
    Buchanan, VA 24066
    P: 540-254-1212
    [email protected]
    www.townofbuchanan.com
  • Town of Clarksville

    Sheila Cuykendall
    Executive Director
    321 Virginia Avenue
    Clarksville, VA 23927
    P: 434-374-8177
    [email protected]
    www.clarksvilleva.org
  • Town of Dublin

    William Parker
    Town Manager
    P.O. Box 1066
    Dublin, VA 24084
    P: 540-674-4798
    [email protected]
    www.dublintown.org
  • Town of Leesburg

    Marantha Edwards
    Economic Development Director
    202 Church St, S.E.
    Leesburg, VA 20176
    P: 703-737-7019
    [email protected]
    www.leesburgva.gov
  • Town of Pulaski

    John White
    Economic Development Director
    42 1st Street, NW
    Pulaski, VA 24301
    P: 540-994-8631
    [email protected]
    www.pulaskitown.org
  • Virginia Beach Economic Development

    Warren D. Harris
    Director
    222 Central Park Avenue, Suite 1000
    Virginia Beach, VA 23462
    P: 757-385-6464
    [email protected]
    www.yesvirginiabeach.com
  • Winchester-Frederick County Economic Development Committee

    Patrick Barker
    Economic Development Executive Director
    45 E. Boscawen Street
    Winchester, VA 22601
    P: 540-665-0973
    [email protected]
    www.winva.com