VEZ apps for the upcoming grant year, Grant Year 2024 (GY24), due April 1, 2025

March 10, 2025

Complete VEZ application Virginia Enterprise Zones are located in Newport News, Virginia

VEZ Zone Incentives-
Reward you for job creation, new construction, renovation, expansion & more

Newport News has VEZ Incentives – take advantage. Only a handful of VEZ Zones are designated around the Commonwealth. Newport News offers Enterprise Zone grants within highly-coveted locations in Oyster Point, Tech Center, Copeland Industrial Park, Downtown, Port Warwick, Hilton Village, Southeast Community, Seafood Industrial Park, City Center, Carlton Farms, Peninsula Industrial Park, Patrick Henry Corridor, AirCommerce Park, Patrick Henry CommerCenter, Endview, Oakland Industrial Park and the Denbigh-Warwick area.

VEZ – Virginia Enterprise Zones

The Virginia Enterprise Zone (VEZ) program is a partnership between state and local government that encourages job creation and private investment. VEZ accomplishes this by designating Enterprise Zones throughout the state and providing two grant-based incentives, the Job Creation Grant (JCG) and the Real Property Investment Grant (RPIG), to qualified investors and job creators within those zones, while the locality provides local incentives.

Apply through April 1, 2025

Applications for the upcoming grant year, Grant Year 2024 (GY24), are due April 1, 2025. The EZ Application Submission Portal will be open for submitting GY24 applications from January 1, 2025 to April 1, 2025.

For the Job Creation Grant, zone investors that created grant-eligible jobs anytime in calendar year 2024 (January 1, 2024 – December 31, 2024) are eligible for GY24.

For the Real Property Investment Grant, zone investors that received final placed-in-service documentation for qualified real property investments in calendar year 2024 (January 1, 2024- December 31, 2024) are eligible for GY24.

Locate in a NN VEZ Zone – Get more advantage

Give your business every advantage by locating in one of Newport News’ state-designated Enterprise Zones. Our team will guide you through your eligibility for state and local incentives associated with these zones. You’ll be rewarded for job creation, new construction, renovation, expansion and more. The zones span most commercial and industrial areas of our City, providing flexibility based on the size, needs and aspirations of your company. When you invest in Newport News, our goal is to make sure your investment exceeds your expectations.