Local Incentives & Enterprise Zones

50% discount off the listed price of land owned by the Mecklenburg County IDA, South Hill IDA ,or Clarksville EDA.
Requires a minimum $2M private investment and the creation of a minimum of 25 new FT jobs as defined by the Commonwealth of Virginia.

A grant payment based on the machinery & tools tax paid by the new or expanding industry.
This grant is based on the first $5,000,000 of assessed tax value, and paid according to the following schedule beginning with the first tax invoice paid by the industry: Year 1 = 100%, Year 2 = 75%, Year 3 = 50% and Year 4 = 25%.
Required to create a minimum of 25 new FT jobs created as defined by the Commonwealth of Virginia within the first 24 months of issuance of Certificate of Occupancy.
If company takes this incentive they are ineligible to receive the Industrial Jobs Grant.

One-time payment of $400 for each new FT job created by a new or expanding industry, not to exceed $20,000.
The payment will be made after the IDA is satisfied that the FT jobs have been created.
Industry must create a minimum of 15 new FT jobs up to 50 new FT jobs.
Not eligible if using the Machinery & Tools Grant.

For new and expanding industries.
Requires business to create a minimum of 10 FT jobs as defined by the Commonwealth of Virginia within 24 months of Certificate of Occupancy.

Grant payment will be paid to a new business for 3 years after they have paid their Business Personal Property tax bill to the County at the current rate per $100.
The County will then calculate the rate to be the same as the Machinery & Tools rate and grant the client the difference.
Business must have a minimum project total investment of $5M and create 20 new FT jobs.
If industry uses this incentive they are ineligible for the Industrial Jobs Grant and cannot also use the M & T Grant or the Merchant’s Capital Grant.

Grant payment will be paid on a sliding scale to the new business for four years after they have paid their first Merchant’s Capital tax invoice. Year 1 = 100%, Year 2 = 75%, Year 3 = 50% and Year 4 = 25%.
Must have total investment of $5M and create 20 new FT jobs.
If this grant is used then business is ineligible for M & T Grant, Business Personal Property Grant.

Real estate taxes in Mecklenburg County are among the lowest in the Commonwealth of Virginia.

Threshold 5 jobs.
Technology NAICS Codes 517-518 Information: Inducement 50% of Personal Property Tax.
Industry NAICS Codes 31 – 33 Manufacturing, 493 Warehousing: Inducement 100% of Machinery & Tools Tax

One-time payment of $400 per new job created to new or expanding industry, 5 jobs mininum.
Total limit $20,000.
Industry NAICS Codes covered are 31-33 Manufacturing, 493 Warehousing and 517-518 Technology Information.