The Virginia Jobs Investment Program (VJIP) provides services and funding to companies creating new jobs or experiencing technological change to reduce the human resource development costs for new companies, expanding companies, and companies retraining their employees.

Funding for each net new full-time job created or full-time employee retrained is based on a customized budget determined by an assessment of the company’s recruiting and training activities. Funding is reimbursable 90 days after the trainee is hired (for new jobs programs) or after the retraining activity has occurred (for retraining programs).

In addition to direct funding to offset a company’s recruitment and training costs, VEDP offers human resource consultative support at no charge.

Contacts

Tim Stuller

Eligibility

All VJIP programs are limited to companies that create basic employment for the Commonwealth. These businesses or functions must directly or indirectly derive 51% or more of their revenue from out-of-state sources, as determined by VEDP. Qualifying industry sectors include:

  • Corporate HQs
  • Distribution Centers
  • Information Technology
  • Manufacturing
  • Research and Development
  • Shared Service Centers

Only full-time jobs paying at least $9.79 per hour and qualifying for benefits are eligible for funding. In areas that have an unemployment rate of 150% or more than the state level, this wage minimum may be waived.

Virginia New Jobs Program

This program supports expanding or newly locating Virginia companies that have more than 250 employees company-wide. To qualify for assistance under the Virginia New Jobs Program, a company must be:

  • Considering another state or country for the new location or expansion.
  • Creating at least 25 net new full-time jobs within 12 months from the date of the first hire.
  • Making a new capital investment of at least $1 million associated with the location or expansion.

Small Business New Jobs Program

This program supports expanding or newly locating Virginia companies that have 250 employees or fewer company-wide. To qualify for assistance, a company must be:

  • Creating at least five net new full-time jobs within 12 months from the date of the first hire.
  • Making a new capital investment of at least $100,000 associated with the start-up or expansion.

Workforce Retraining Programs

Multiple programs support Virginia companies that are upgrading their existing workforce’s skills. Participating companies must demonstrate that they are undergoing integration of new technology into their production process, a change of product line in keeping with marketplace demands, or substantial change to their service delivery process that would require assimilation of new skills and technological capabilities by their existing labor force. Companies can access the Workforce Retraining Program only once in a three-year period. To be eligible for assistance under the Workforce Retraining Program, a company must be:

  • Retraining at least 10 full-time employees (for businesses with more than 250 employees company-wide) or five full-time employees (for businesses with 250 employees or fewer company-wide).
  • Making a new capital investment associated with the retraining project, within a 12-month period, of at least $500,000 (for businesses with more than 250 employees company-wide) or $50,000 (for businesses with 250 employees or fewer company-wide).

Process

  • A Workforce Business Manager meets with the company to gather and analyze information about the expansion or location project, understand the company’s recruitment and training needs and determine eligibility. The Workforce Development Business Manager will work with the company to begin a VJIP application.
  • A Workforce Business Manager develops an estimated budget for the project, obtains preliminary approval, and develops a proposal for the company’s consideration.
  • Once the company makes a decision for Virginia, a Workforce Business Manager works with the company to finalize a VJIP application.
  • Upon approval of the company’s application, VEDP sends the company a commitment letter confirming the amount to be paid to the company for each net new full-time employee hired or existing full-time employee retrained.
  • Once the company reaches the minimum number of net new hires or retrained employees (according to the program for which they applied), the company submits a Reimbursement Request Form to their Workforce Business Manager. The Workforce Business Manager continues to work with the company to issue reimbursements until all projected net new hiring or employee retraining has been achieved or until the project performance period is complete, whichever happens first.

FAQ

What qualifies as capital investment?

“Capital investment” means an investment in real property, personal property, or both at a facility within the Commonwealth that is or may be capitalized by the company and that establishes or increases the productivity of the manufacturing facility, results in utilization of a more advanced technology than is in use immediately prior to such investment, or both.

How is a full-time employee defined?

"Full-time employee" means a person employed for indefinite duration in a position requiring a minimum of either (i) 35 hours of the employee's time per week for the entire normal year, which "normal year" shall consist of at least 48 weeks, or (ii) 1,680 hours per year. Seasonal or temporary employees shall not qualify as new full-time employees under the program.

How long is the project performance period?

Projects typically last a maximum of 36 months.

How is the three-year waiting period determined for companies wanting to access the Workforce Retraining Program for a second time?

Companies must wait to apply for the Workforce Retraining Program until 36 months after the date of their last reimbursement request from the previous Workforce Retraining Program project.