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.

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.