Virginia Enterprise Zone
The Virginia Enterprise Zone program was established by the General Assembly in 1982 to encourage new business activity by providing state and local tax relief and grants, local regulatory flexibility, and local infrastructure development. An enterprise zone is a distinct geographical area of a county, city or town that is designated by the Governor for a period of 20 years. The program works to complement other local, state and federal economic development activities to create an improved climate for private sector investment, development and expansion, and focus limited resources on the targeted areas. The Virginia Department of Housing and Community Development's Community Development and Revitalization office administers the Enterprise Zone program guided by the Virginia Enterprise Zone Program Regulations. These regulations establish the criteria and procedures for the designation, amendment, and administration of enterprise zones along with qualification criteria for participating businesses. Please contact the IDA for further information concerning this program.