VBRSP is a discretionary program to promote development and characterization of sites to enhance the Commonwealth’s infrastructure and promote its competitive business environment. The program’s goal is to identify and assess the readiness of potential industrial sites of at least 100 acres in the Commonwealth of Virginia (the “Commonwealth”) or 50 acres in GO Virginia Region 1 or 2 for marketing in alignment with the goals outlined in the Governor's economic development plan.
VBRSP was developed by a team of state, regional, and local stakeholders including VEDP, DEQ, railroad representatives, utility representatives, civil engineers, and other government, business, and industry representatives. Grants are considered on a competitive basis and made at the discretion of the VBRSP Project Review Committee and the Funding Approval Committee.
The VBRSP has two components:
- Site Characterization – to assess and designate a site’s current level of development, and
- Site Development – to further develop a pool of potential sites across the Commonwealth
In an effort to develop a portfolio of viable sites across the Commonwealth, VBRSP grants are available to assist with the costs associated with the initial assessment and the development required to increase a site’s currently designated Tier Level to a higher Tier Level (see Site Development Program Guidelines for Tier Level definitions).
Please refer to the program guidelines for eligibility requirements.