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.
The Virginia Coalfield Economic Development Authority (VCEDA) provides low-interest loans to qualified new or expanding businesses through its financing program. The loans may be used for real estate purchases, construction or expansion of buildings, and the purchase of machinery and equipment.These loans are designed to enhance the economic base of Southwest Virginia's e-Region, which comprises the seven counties and one city of southwestern Virginia: Buchanan, Dickenson, Lee,Russell, Scott, Tazewell, and Wise counties and the City of Norton.
Tim Stuller serves as the Vice President of Regional Talent Solutions and Business Outreach at the Virginia Economic Development Partnership, where he helps new and expanding businesses access talent and training, supports the fostering of strong relationships with existing Virginia businesses, and oversees the Virginia Jobs Investment Program, a key workforce incentive supporting economic development.
The Virginia Jobs Investment Program (VJIP) is a discretionary incentive that provides funding and services to qualifying companies to support new job creation or upskilling in conjunction with new or expanding operations. The cash grant and accompanying services are intended to offset a company’s recruitment and training costs.
Transportation Partnership Opportunity Fund (TPOF) assistance is awarded at the discretion of the Governor in the form of grants, revolving loans, or other financial assistance to an agency or local government of the Commonwealth for activities associated with eligible transportation projects.
Status and Progress Reports on VEDP Incentive Programs
The Commonwealth of Virginia values transparency and provides online tools for the public to see what state government is spending and where those dollars go. VEDP is included in this effort to keep taxpayers informed.
Rights & Responsibilities:
The Virginia Freedom of Information Act (FOIA), located in § 2.2-3700 et seq. of the Code of Virginia, guarantees citizens of the Commonwealth and representatives of the media access to public records held by public bodies, public officials, and public employees.
Thank you for visiting the Virginia Economic Development Partnership's (VEDP) website, and reviewing our Privacy Policy. This policy addresses collection, use, security, and access to information that may be obtained through use of the VEDP website. VEDP reserves the right to amend this policy at any time without notice.
Kevin Miller serves as Vice President of Strategic Projects & Lead Generation at the Virginia Economic Development Partnership, where he provides leadership of programs focused on high-profile engagements and targeted lead generation for a portfolio of 12 diverse industry sectors.
Experience
American Merchant and Navy Federal Credit Union recognized for Community Impact; Facebook recognized for Corporate Investment