STATE INCENTIVES

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Job Creation Grant

This is offered to employers who create more than four new permanent full-time positions (except retail, personal service, or food and beverage positions) and offers the following financial benefit:

• Up to $500 per year for positions above the four job threshold that pay at least 175% of the Federal Minimum Wage and offer health benefits
• Up to $800 per year for positions above the four job threshold that pay at least 200% of the Federal Minimum Wage and offer health benefits

Job Creation Grants are available for up to five consecutive years after the new position has been created. 

Real Property Investment Grant

Available to investors who rehabilitate or expand an existing  building or facility within the Enterprise Zone, this grant will be 20% of the amount over a minimum investment of $100,000. Additional guidelines include:

• Up to $100,000 per a building or facility that is a qualifying real property investment of less than $5 million
  
• Up to $200,000 per a building or facility that is a qualifying real property investment of $5 million or more
• There is a $200,000 maximum grant for per a building or facility within a consecutive five year term

For more information on these incentives and to learn how to apply, click here to visit the Virginia Department of Housing and Community Development's Virginia Enterprise Zone page.