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Virginia Economic Development Incentive Grant (Virginia)

Eligibility 
Commercial
Developer
Industrial
Savings Category 
Fuel Cells
Photovoltaics
Program Info
State 
Virginia
Program Type 
Grant Program
Provider 
Virginia Economic Development Partnership

The Virginia Economic Development Incentive Grant is a discretionary cash grant, designed to assist and encourage companies to invest and create new employment opportunities by locating significant headquarters, administrative or service sector operations in Virginia. The program requires a capital investment of at least $5 million or $6,500 per job (whichever is greater) and job creation thresholds ranging between 200-400 depending upon the locality.