Technology Zones (Virginia)

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Last modified on February 12, 2015.

EZFeed Policy

Place Virginia


   
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
Active Policy Yes

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


Information Source http://www.virginiaallies.org/assets/files/publications/incentivesguide.pdf


Summary

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.



Policy Contact

Department County and Local Governments










     
     


















References