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SERVICES NEW YORK ECONOMIC DEVELOPMENT PARTNERSHIP

 

The principal services of the Virginia Economic Development Partnership are directed at improving the economic condition of Low-Income Communities and Low-Income Persons by encouraging investment. 

 


Federal Tax Credits
The Virginia Economic Development Partnership can award qualified investors a transferable federal tax credit equal to 39% of the investment.  The Partnership can arrange for the sale of the credits where desired.



State Tax Credits
The Virginia Economic Development Partnership can negotiate state tax credits based upon investment. 

 

Training Grants & Funding
The Virginia Economic Development Partnership can assist companies in obtaining grants and other funding for job skills training for both existing employees and new hires.

 

Capital Grants
The Virginia Economic Development Partnership can assist companies in obtaining grants to reduce the cost of investment

 

Working Capital Grants and Low Interest Loans
The Virginia Economic Development Partnership can assist companies in obtaining grants and low interest loans to reduce the cost of an investor's debt service.



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