Local Incentives

Interested in learning more about a local incentive or want a copy of an application? Reach out to us directly!

Grants

Exterior Improvement Grant Program (EIGP)
- Provides funding (up to $20,000) for half the project cost for qualifying property owners or tenants who complete exterior improvements such as painting, awnings, and signage to commercial, industrial, or mixed-use buildings
Growing Business Development Program Waiver (GBD-PW)
- Offers a few waiver to eligible businesses for either membership with the Top of Virginia Regional Chamber (TVRC) or a class administered by TVRC.

Commercial Facade Loan Program (CFLP)
- Low interest loans of up to $35,000 are available for qualifying businesses/property owners who wish to make exterior improvements such as signage, masonry, repair, painting, awnings, etc.
Micro Loan Fund (MLF)
- Prime rate loans between $1,000 to $15,000 are available to help new or existing businesses fund working capital, minor leasehold improvements, and small equipment/furniture needs.
Real Estate Development Revolving Loan Fund (RED-RLF)
- Below-market gap financing for small-to-medium sized mixed-use or commercial real estate projects where vacant or under-utilized property will be put to productive uses and cannot be fully financed with equity and other public and private financing sources.
Business Growth Revolving Loan Fund (BG-RLF)
- Below-market gap financing for small-to-medium sized businesses that cannot fully finance their proposed projects with equity and other public and private financing sources.
Business Emergency Loan Program (BELP)
- Below-market loans for small-to-medium sized businesses following a short-term closure resulting from a sudden and accidental event where the applicant has taken the proper mitigating precautions prior to, during, and after the qualifying event to reduce the likelihood of such event impacting operations of the business. The maximum loan under this program is $50,000.

Commercial/Industrial/Mixed-use Property Rehabilitation Grant (CIMUP-RG)
- One-time cash grant up to $15,000 for qualifying properties whose assessed value has increased by at least 50% following substantial rehabilitation.
Business Development Grant for Vacant Properties (BDGVP)
- Grant equaling between 25% to 65% of qualifying business taxes over a five-year term based on square footage for projects that substantially rehabilitate eligible vacant properties that result in an increase in the assessed value by at least 75%.
Major Mixed-use Development Incentive (MMDI)
- Partial tax rebate ranging from 35% to 65% for large scale projects with a minimum investment of $5 million for a ten-year term, based on the percentage of commercial space resulting from the project.