PBMares Accounting Blog

Virginia Enterprise Zones: Are You in the Zone?

Posted by Bronach Branan, ACMA, CPA on Aug 14, 2017 1:57:53 PM

Were you aware that the Commonwealth of Virginia appropriates grant funding for Companies that invest in certain areas in the state?  The Commonwealth of Virginia wants to encourage rejuvenation of certain towns and cities and is willing to award funding for the rehabilitation, expansion or new  construction of real estate and/or creation of higher wage jobs. In 2016, approximately $12m was set aside for this purpose, and in 2017 the General Assembly has approved a total of approximately $13m to be awarded to Companies who meet the specific criteria. 

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Topics: Construction, Virginia Enterprise Zone