VBRSP is a discretionary program to promote development and characterization of sites (containing a minimum of 100 contiguous, developable acres) to enhance the Commonwealth’s infrastructure and promote the Commonwealth’s competitive business environment. The program’s goal is to identify, assess, and improve the readiness of potential industrial sites.
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 a committee of VBRSP Working Group members.
The VBRSP has two components:
- Site Characterization to assess and designate a site’s current level of development
- Site Development to further develop a pool of potential sites across the Commonwealth
In an effort to develop a pool of viable sites, Site Characterization and Site Development 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 the next Tier Level.
- Tier 1 – Site under (a) public ownership, (b) public/private ownership, or (c) private ownership which such private owner(s) agreeable to marketing the site for economic development purposes and to allowing access to the property for site assessment and marketing purposes, but at no established sales price. Comprehensive plan reflects site as appropriate for industrial or commercial development and use, but site is not zoned as such. Site has minimal or no infrastructure. Minimal or no due diligence has been performed.
- Tier 2 – Site under (a) public ownership, (b) public/private ownership, or (c) private ownership with an option agreement or other documentation of a commitment by the private owner(s) to a competitive sales price, to permit access to the site for site assessment, construction, and marketing, and to market the site for industrial or commercial economic development purposes. Comprehensive Plan reflects site intended for industrial or commercial development and use, but site is not zoned as such and a rezoning hearing needs to be scheduled. Site has minimal or no infrastructure. Minimal or no due diligence has been performed.
- Tier 3 – Site is zoned for industrial or commercial development and use. Site has minimal or no infrastructure. Due diligence including, among other things, a wetlands survey with Army Corps of Engineers approval within the last five years, geotechnical borings, boundary and topographical survey, cultural resources review, an Endangered Species review, and a Phase I Environmental Site Assessment, have been completed. Estimated costs of development have been quantified.
- Tier 4 – All infrastructure is in place or will be deliverable within 12 months. All permit issues have been identified and quantified.
- Tier 5 – All permits are in place and the site is ready for a site disturbance permit from the locality in which the site is located.
- Minimum of 100 contiguous acres
- Dollar-for-dollar match by applicant/grant recipient
- Applicant - political subdivisions of the Commonwealth of Virginia, including counties, cities, towns, industrial/economic development authorities
- Viability - the development required to prepare and position the site at a higher Tier Level can be implemented practically and successfully within a reasonable period of time.
- Alignment – the site is aligned with the local or regional economic development strategy or strategic plan.
- Economic Impact – the development of the site has a public purpose and would have a significant economic impact on the community and facilitate further increased prospect traffic and economic growth.
- Commitment – the scope of work required to increase a site’s currently designated Tier Level to the next Tier Level (Scope of Work) is complete, the necessary financing for the implementation of the Scope of Work is available and documented or will be within a reasonable period of time, the required dollar-for-dollar match of the Site Development Grant requested is identified, and an estimated timeframe for implementation of the Scope of Work has been established.
- Leveraged Resources – the use of existing infrastructure, workforce and other community assets, grants and funding, or other resources used to support the site.