The Virginia Port Volume Increase Grant Program (PVI Grant) provides grant funding to eligible entities that increase cargo volume by a minimum of five percent (5%) year over year, while utilizing port facilities in the Commonwealth of Virginia. Defined in the PVI program policy, an eligible entity means an agricultural, manufacturing-related, or mineral and gas entity.

An income tax credit is available to manufacturers for the purchase of certified machinery and equipment used for processing recyclable materials in taxable years beginning before January 1, 2025. The credit is equal to 20% of the purchase price of equipment you buy to make things from recycled materials, or to convert waste products into raw materials during the taxable year that the machinery or equipment is purchased.

Effective for taxable years beginning on or after January 1, 2011, but before January 1, 2025, Virginia allows a refundable individual and corporate income tax credit for incurring Virginia qualified research and development expenses during a taxable year.

This is an individual and corporate income tax credit for taxpayers with Virginia qualified research and development expenses under $5 million for a taxable year.

For taxable years beginning on and after January 1, 2019, but before July 1, 2025, Virginia allows a tax credit equal to 35% of all classroom training costs, for eligible workers. Eligible worker training includes credit or noncredit courses that results in the employee receiving a workforce credential, or instruction or training that is part of an apprenticeship.

The credit is limited to $500 per qualified employee per year, or $1,000 if the employee is considered a non-highly compensated worker.

Virginia offers sales and use tax exemptions for eligible equipment used directly in manufacturing and research and development operations. Prior to exemptions, the Commonwealth’s combined state and local sales and use tax is 5.3% (4.3% state tax and 1.0% local tax). An additional sales tax is imposed in the Hampton Roads, Northern Virginia, and Richmond regions for a total 6.0% rate, in the City of Danville and counties of Charlotte, Gloucester, Halifax, Henry, Northampton, Patrick and Pittsylvania for a total 6.3% rate.

The Virginia Talent Accelerator Program, delivered by VEDP in partnership with the Virginia Community College System, provides world-class training and recruitment solutions that are fully customized to a company’s unique operations, equipment, standards, and culture. All program services are provided at no cost to qualified new and expanding companies as an incentive for job creation.

The Advanced Manufacturing Talent Investment Program and Fund, established pursuant to section 23.1-1244 of the Code of Virginia, was created to increase the number of trained individuals entering advanced manufacturing careers and to improve the readiness of graduates to be employed in identified advanced manufacturing fields. Funds will be allocated to existing programs that serve the Hampton Roads and Southwest Virginia regions (GO Virginia Regions 1 and 5) and other named institutions.

Virginia offers sales and use tax exemptions for use by a farmer for purchase of tangible personal property for use in producing agricultural products for market, medicine and drugs sold to a veterinarian, or property used to produce agricultural products for market in an indoor, closed, controlled environment commercial agricultural facility.

Your U.S. Business Starts Here - In Virginia 

AFID is a discretionary incentive to grow Virginia’s agriculture and forestry industries.

AFID grants are made to localities at the discretion of the Governor with the expectation that the grant will be critical to the success of a project, which will result in creation of new jobs and investment from companies that add value to Virginia-grown agriculture and forestry products.