Incentives

Halifax County offers a variety of incentives to new and expanding Virginia businesses.

 

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Virginia Enterprise Zone

Enterprise Zone incentives from both Virginia and Halifax County are available.
Find out more.

Virginia Tobacco Commission Grants

Tobacco Regional Opportunity Fund

A discretionary incentive based on the number of new jobs being created along with their average wage and amount of new capital investment.  Companies must invest a minimum of $1 million and create at least 10 jobs over 36 months to be eligible.

Virginia Jobs Investment Grant

The Virginia Jobs Investment Program (VJIP) is a program that offers customized recruiting and training assistance to companies that are creating new jobs or experiencing technological change. The program is designed to reduce the human resource development cost of new and expanding companies.

Commonwealth Opportunity Fund

The Governor may use discretionary incentives to secure a business location or expansion project for Virginia. Grants are awarded to localities on a local matching basis with the expectation that the grant will result in a favorable location decision for the Commonwealth.

Port of Virginia Incentives

Through the Virginia General Assembly, the Port of Virginia can offer Port VOlume Increase Tax Credits, Barge and Rail Usage Tax Credit, and the Economic and Infrastructure Development Grant Program. Find out more.

Governor's Agriculture and Forestry Industries Development Fund

Governor of Virginia's grant program  specifically for agriculture and forestry value-added or processing projects. AFID grants are now available for political subdivisions of the Commonwealth interested in growing their agriculture and forestry industries by strategically targeting for assistance those businesses that add value to Virginia grown agriculture and forestal products. Find out more.

Halifax Opportunity Program

At least a 2% return to the business of new investment made in taxable real, personal property, or machinery and tools. The return shall be over a 5-year period and requires wages of at least 175% of current federal minimum wage.

Technology Zone

Southern Virginia Technology Park has been established as a Technology Zone in the Commonwealth of Virginia. Qualified Technology businesses may be eligible for the following Technology Zone incentives:

  • Exemption from paying the business, professional, and occupational licensure tax for up to 5 years and a charge of the minimum rate following that period
  • Rebate of Local Consumer Utility Tax for 5 years
  • Rebate of Building Permit Fees
  • May be eligible for State and local Enterprise Zone incentives
  • Reduced lease costs
  • Technology Opportunity Fund

Technology Opportunity Fund

For qualified jobs located within the Technology Zone, a payment of $250 per new job for 5 years may be available. Only jobs filled by Halifax County citizens are eligible. Jobs must be full time, new jobs and pay at minimum 185% of the federal minimum wage.

 

View the Virginia Guide to Business Incentives