Technology Zones (Virginia)
Last modified on February 12, 2015.
|Applies to States or Provinces||Virginia|
|Name||Technology Zones (Virginia)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|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|
|Implementing Sector|| Local
|Program Administrator||Virginia Economic Development Partnership|
|Primary Website|| http://www.yesvirginia.org/whyvirginia/financial_advantages/business_incentives.aspx
|Last Review|| 2014-09-15
Virginia’s 26 designated Technology Zones offer tax relief in the form of abatements, credits, deductions, deferrals, exemptions, or rebates. Local governments may designate technology zones to promote industry growth. Alternative energy is a qualifying technology in some counties. Qualified industries locating in these zones may receive permit waivers, special zoning treatment, and tax incentives for up to ten years.
|Department|| County and Local Governments