Virginia Jobs Investment Program (Virginia)
Last modified on February 12, 2015.
|Applies to States or Provinces||Virginia|
|Name||Virginia Jobs Investment Program (Virginia)|
|Policy Category||Financial Incentive|
|Policy Type||Industry Recruitment/Support, Training/Technical Assistance, Workforce development|
|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|
|Program Administrator||Virginia Economic Development Partnership|
| Last Substantive Modification
The Virginia Jobs Investment Program provides cash grants to existing businesses that are creating new jobs or experiencing technological change. To be eligible, businesses must directly or indirectly derive more than 50% of their revenues from out-of-state sources.
The Virginia Jobs Investment Program offers three programs to both new and existing businesses.
Virginia New Jobs Program: For companies or start ups expecting significant growth in the next three years. See the program website for qualifications.
Small Business Program: For companies or start-ups with fewer than 250 employees who are expanding in the next 12 months. See the program website for qualifications.
Workforce Retraining Program: For companies implementing significant technological upgrades affecting a large number of employees. See the program website for qualifications.
|Contact Name||Tre Akins|
|Department||Virginia Economic Development Partnership|
|Division||Virginia Jobs Investment Program|
|Address||901 East Byrd Street|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Va. Code § 2.2-903.1|