One of Newport News’ most important tools to support business growth in the city is the Virginia Enterprise Zone Program. This program provides state and local incentives to both new and existing companies and commercial property owners making real property improvements and creating new jobs within an Enterprise Zone. The Virginia Department of Housing and Community Development is holding two in-depth "How-to-Qualify" webinars on how to apply for Virginia Enterprise Zone grant incentives on February 20. The 10:00 a.m. webinar is about the Job Creation Grant, while the 1:00 p.m. webinar focuses on the Real Property Investment Grant. Both workshops are designed to provide detailed instructions on the qualification process. The webinars are open to the public and free of charge, but registration is required
Newport News’ two Enterprise Zones
are among the most utilized zones in the state and each year many Newport News businesses benefit from the program. All of the city’s industrial and business parks are within these zones as well as a significant number of Newport News businesses.
Property owners and businesses that are located in an Enterprise Zone and invested more than $100,000 in qualified real property improvements or created at least 4 new full-time jobs in 2017 may qualify for the state’s Real Property Investment Grant or Job Creation Grant, respectively. The application deadline for real property improvements completed and jobs created during calendar year 2017 is April 2, 2018.
Newport News businesses with questions about the Virginia Enterprise Zone program should can visit the city’s website
or contact Mallory Butler, Local Zone Administrator & Senior Economic Analyst, Department of Development, City of Newport News, at firstname.lastname@example.org
or (757) 597-2840 ext. 6.