GOOCHLAND COUNTY INCENTIVES
Goochland County's incentive program has three types of incentives including the Goochland County Targeted Business Incentive, Speculative Building Incentive, and matching grants.
Each of these incentives have a separate set of guidelines, please contact the Economic Development Department for more details.
COMMONWEALTH'S DEVELOPMENT OPPORTUNITY FUND (COF)
The Commonwealth's Development Opportunity Fund fund is a discretionary incentive available to the Governor to secure a business location or expansion project for Virginia. Grants are awarded to localities on a local matching basis with the expectation that the grant will result in a favorable location decision for the Commonwealth.
VIRGINIA INVESTMENT PARTNERSHIP ACT
The Virginia Investment Partnership (VIP) Grant and the Major Eligible Employer Grant (MEE) are discretionary performance incentives designed to encourage continued capital investment by Virginia companies, resulting in added capacity, modernization, increased productivity, or the creation, development and utilization of advanced technology.
THE VIRGINIA ECONOMIC DEVELOPMENT INCENTIVE GRANT (VEDIG)
The Virginia Economic Development Incentive Grant (VEDIG) is a discretionary performance incentive, designed to assist and encourage companies to invest and create new employment opportunities by locating significant headquarters, administrative or service sector operations in Virginia.
CLEAN ENERGY MANUFACTURING INCENTIVE GRANT
The Clean Energy Manufacturing Incentive Grant (CEMIG) is a discretionary performance incentive, designed to encourage clean energy manufacturers to grow in Virginia.
VIRGINIA JOBS INVESTMENT PROGRAM (VJIP)
The Virginia Jobs Investment Program (VJIP) is a program that offers customized recruiting and training assistance to companies that are creating new jobs or experiencing technological change.
ECONOMIC DEVELOPMENT ACCESS PROGRAM
The Economic Development Access Program is administered by the Virginia Department of Transportation, this program assists localities in providing adequate road access to new and expanding basic employers.
VIRGINIA SMALL BUSINESS FINANCING AUTHORITY (VSBFA)
The Virginia Small Business Financing Authority is the Commonwealth of Virginia's business and economic development financing arm. Aligned with the Department of Small Business and Supplier diversity, the VSBFA offers programs to provide businesses with access to capital needed for growth and expansion.
FOREIGN TRADE ZONES
Virginia offers six foreign trade zones designed to encourage businesses to participate in international trade by effectively eliminating or reducing customs duties.
Also, numerous sub zones are provided and additional ones can be designated to enhance the trade capabilities of specific companies.