Hampton Roads Hispanic Chamber of Commerce > SERVICES

Virginia State Grants & Incentives

VIRGINIA JOBS INVESTMENT PROGRAM

The Virginia Department of Business Assistance's Jobs Investment Program provides an economic development incentive for business relocation and expansion projects - working with Virginia businesses to provide customized recruiting and training programs. Small businesses may also qualify for training and retraining programs. Visit www.dba.virginia.gov/vjip.shtml. The Small Business New Jobs Grant Fund provides grants ranging from $500 to $2,000 to small businesses creating at least five new jobs within a 12-month period.

Contact
Virginia Department of Business Assistance
1220 Bank Street
3rd Floor South
Richmond, VA 23219
(804) 371-8120
www.vdba.virginia.gov.

Governor's Opportunity Fund

This "deal-closing" fund is used when Virginia faces competition for a major investment in Virginia. The grant is given to a locality for the benefit of the company. It can be used for projects such as site acquisition, expansion of broadband capacity, training or construction of buildings.

Contact
Virginia Department of Economic Development Partnership
P.O. Box 798
Richmond, VA 23218-0798
(804) 545-5610
www.YesVirginia.org

Center for Innovative Technology

CIT helps grow Virginia's technology industry. Its CIT Entrepreneur program provides up to $100,000 in funding for promising high-growth technology companies and helps owners identify potential equity investors.

Contact
CIT
2214 Rock Hill Road, Suite 600
Herndon, VA 20170-4228
(703) 689-3000
www.cit.org

Technology zones

Jurisdictions in Virginia can establish technology zones to attract targeted industries. Qualified businesses locating or expanding in a zone receive local permit and user fee waivers, local tax incentives, special zoning treatment or exemptions from ordinances. Once a zone is established, the incentives can be provided for up to 10 years. Each locality administers its own program.

Green Job Creation Tax Credit

This tax credit for "green" companies awards an annual tax credit of $500 for each salary that is $50,000 or more for up to 350 jobs. The credit is allowed in the first taxable year after the job has been filled for at least one year and in each of the four succeeding years. Green jobs are related to the field of renewable, alternative energies.

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

Hampton Roads Business Grants

YORKTOWN, VA - E-COMMERCE GRANT PROGRAM

Overview:
The York County E-Commerce Grant Program is a partnership of the York County Economic Development Authority and Office of Economic Development. The program was created to encourage e-commerce development of York County's private businesses.

Grant Details:
This grant program awards matching grants only; on a first-come, first-served basis. The grants are for design work only. Annual Maintenance or Service Fees (i.e. Internet Service Provider, Priority Listing, Domain Name, or Website Hosting Fees) are not eligible for grant funds.

Grant Amounts:
Grants are 50 percent of total project costs up to $500 per business. Minority and women owned businesses (SWAM Certification required) may receive a matching grant up to $1,000.

Qualification Criteria:
Businesses must have a current York County Business License. The web site must not contain illegal or adult material.

Approval Criteria:
A new website must be established, where none previously existed for the applicant; or, the applicant's existing web page must be enhanced to accept online payments and/or to offer online shopping (catalog or cart).

Application Process:
Applicant must first download and print the APPLICATION.

Applicant contacts at least two website providers to get a minimum of two quotes for the work they want done.
Applicant completes, signs, and submits the grant application (including both quotes and indicating the chosen provider) via email (econdev@yorkcounty.gov), fax (757-890-4410), mail (York County Economic Development, P.O. Box 612, Yorktown, VA 23690), or in person (224 Ballard Street in Historic Yorktown).
York County Economic Development staff will send notification to the applicant acknowledging receipt of their application.
Applications will be reviewed on a monthly basis by the York County Economic Development Authority.
York County Economic Development staff will send a letter or email to the applicant informing them of the decision. If approved, then this letter is the authority for the applicant to begin work.
Website provider completes the project as quoted.
Applicant business pays the website provider in full and submits paid receipts and/or copy of returned checks to the York County Office of Economic Development .
York County Economic Development staff will verify completion of the project as quoted and provide grant payment to the applicant business.

PRINT THE GRANT APPLICATION

Submit Application via:

E-mail: econdev@yorkcounty.gov
Fax: 757-890-4410
Mail: York County Economic Development, P.O. Box 612, Yorktown, VA 23690
In person: York County Economic Development, 224 Ballard St., Yorktown, VA 23690