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Virginia Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

For a list of Virginia economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide. Enterprise Zones: Provides state and local incentives to businesses that invest and create jobs within Virginia¹s enterprise zones, which are located throughout the state.

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FEATURE STORY: Racing To Be Ready – U.S. Ports Prepare for Post Panamax Era

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Currently, the Port of Baltimore and Port of Virginia (in Norfolk) are the only East Coast ports that can accommodate the large ships. The Port of Baltimore is one of only two East Coast ports, along with the Port of Virginia in Norfolk, now able to handle post-Panamax ships. PORT OF VIRGINIA: READY FOR POST-PANAMAX SINCE 2006.

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INDUSTRY FOCUS: Soaring To New Heights

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Adjacent to Kansas City Southern and Union Pacific Railroads and Interstates 20 and 49, companies at AeroPark are strategically located near some of the largest consumer markets in the South. The site offers a 24/7 control tower and a fire station and is designated a Foreign Trade Zone with customs and border security.

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State by State Incentives Guide

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Industrial Revenue Bonds: May be used as long-term financing of up to 100% of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g., For more information, please visit this link.

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Cover Story: 2014 Business Facilities – Metro And Global Rankings

Business Facilities

Apple’s selection of Austin as the site for its new $304-million Operations Center was the Bronze Award winner in Business Facilities ’ 2012 Economic Development Deal of the Year competition. The riverfront complex is being built on the old Advocate newspaper site. The Port of Virginia in Norfolk is the first port on the U.S.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Types of Capital Credit projects include: New Project or Expansion Project: Consists of new investment at a new site in Alabama, or new investment that will expand the capacity and the number of employees at an existing facility. The law allows more than one project on the same site.

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