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Virginia Regional Industrial Facilities Act (Virginia)

Eligibility 
Commercial
Construction
Developer
Industrial
Investor-Owned Utility
Local Government
Municipal/Public Utility
Utility
Savings Category 
Fuel Cells
Photovoltaics
Program Info
State 
Virginia
Program Type 
Industry Recruitment/Support
Provider 
Regional Industrial Facility Authorities

The Virginia Regional Industrial Facilities Act is meant to aid the economic development of localities within the Commonwealth. The Act provides a mechanism for localities to establish regional industrial facility authorities, enabling them to pool financial resources to stimulate economic development. The purpose of a regional industrial facility authority is to enhance the economic base for the member localities by developing, owning, and operating one or more facilities on a cooperative basis involving its member localities.