Enterprise Zone Real Property Investment Grant (Virginia)

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Last modified on February 12, 2015.

EZFeed Policy

Place Virginia


   
Applies to States or Provinces Virginia
Name Enterprise Zone Real Property Investment Grant (Virginia)
Policy Category Financial Incentive
Policy Type Enterprise Zone, Grant Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Virginia Department of Housing and Community Development
Primary Website http://www.dhcd.virginia.gov/index.php/business-va-assistance/startingexpanding-a-business/virginia-enterprise-zone-vez-business.html



Last Review 2014-09-15


Information Source http://www.dhcd.virginia.gov/images/VEZ/RPIG-Instruction-Manual.pdf, http://www.dhcd.virginia.gov/images/VEZ/VEZ-Program-Regulations.pdf


Summary

The Enterprise Zone Real Property Investment Grant provides qualified zone investors with cash grants for industrial, commercial or mixed use property. The grant is equal to 20% of the excess above the minimum required investment up to a maximum of $100,000 for companies investing $5 million or less.



Policy Contact

Contact Name Jeff Sadler
Department Virginia Department of Housing and Community Development

Address Main Street Centre
Address 2 600 East Main Street, Suite 300
Place Richmond, Virginia
Zip/Postal Code 23219
Phone (804) 371-7000


Email jeff.sadler@dhcd.virginia.gov

     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Va. Code 59.1-280.1




Authority 2: Va. Code 59.1-538 through 59.1-549



















References