Virginia Coalfield Economic Development Authority (Virginia)

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Last modified on February 12, 2015.

EZFeed Policy

Place Virginia

Applies to States or Provinces Virginia
Name Virginia Coalfield Economic Development Authority (Virginia)
Policy Category Financial Incentive
Policy Type Industry Recruitment/Support, Loan Program, Public Benefits Fund
Affected Technologies Coal with CCS
Active Policy Yes

Implementing Sector Local

Start Date 1990

Program Administrator Virginia Coalfield Economic Development Authority
Primary Website
Applicable Jurisdiction Lee, Wise, Scott, Buchanan, Russell, Tazewell and Dickenson counties and the City of Norton

Last Review 2014-09-15


The Virginia Coalfield Economic Development Authority (VACEDA) was created in 1988 to encourage economic development in the western section of the state. The Authority administers incentive and financing programs designed to encourage new job creation and economic diversification, specifically in the electronic information technology, energy, education, and emerging technology sectors. VCEDA provides financial support for fixed assets, construction of buildings for sale or lease, installation of utilities and direct loans to private for-profit basic employers and industrial development authorities. Financing is based in part upon the number of new jobs created, wage rates and amount of private investment.

Policy Contact

Department Virginia Coalfield Economic Development Authority

Address P.O. Box 1060

Place Lebanon, Virginia
Zip/Postal Code 24266
Phone 800.735.9999

Fax 276.889.1830

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

Authority 1: Va. Code 15.2-6000 through 15.2-6015

Date Enacted 1988