State Incentives

  1. Discretionary Incentives
  2. Infrastructure Assistance
  3. Recruitment & Training Incentives

The Commonwealth of Virginia offers an array of discretionary incentives for competitive projects evaluating a Virginia location, providing financial inducements that make good fiscal sense for all parties. Performance-based incentives target the needs of companies as well as the development plans of localities and the Commonwealth.

Agriculture & Forestry Industries Development Fund (AFID)

Provides grants to localities for businesses that add value to Virginia-grown agriculture and forestry products

Commonwealth’s Development Opportunity Fund (COF)

Provides “deal-closing” grants at the Governor's discretion to secure a company location or expansion in Virginia

Major Eligible Employer Grant Program (MEE)

Provides grants to companies to make investments and provide a significant number of stable jobs through a significant expansion or new operation

Offshore Wind Supply Chain Development Grant

The Virginia Offshore Wind Supplier Development Grant (VOWSD) encourages existing Virginia companies to enter the offshore wind supply chain.

Virginia Economic Development Incentive Grant (VEDIG)

Provides grants to companies that invest and create new employment opportunities by locating significant headquarters, administrative, or service sector operations in Virginia

Virginia Investment Performance Grant (VIP)

Provides grants to existing Virginia manufacturers or manufacturing-related research and development services that continue capital investment in the Commonwealth