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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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