The Virginia Enterprise Zone (VEZ) Program is a state and local partnership and a critical tool in supporting business expansion and location in Newport News. The city boasts two of these zones and continues to be among the top users in the state, consistently leveraging a significant share of grant dollars set aside to support growth of qualifying businesses. All of the city’s industrial and business parks are within these Zones as well as a significant number of Newport News businesses. For maps of the zones, follow this link.
On Thursday, December 17th, the Virginia Department of Housing & Community Development (DHCD) will conduct free, in-depth virtual workshops on “How to Qualify” for the state VEZ incentives. The state incentives include a Real Property Investment Grant and a Job Creation Grant.
For more information on the state, and local, VEZ incentives, follow this link.