Best Job Creation Grants in Virginia

GO Virginia Program Overview

GO Virginia is a collaborative economic development initiative, that provides project-based incentives to encourage collaboration between private industry, higher education and local government in each region to produce results that will grow and diversify the regional economies and ultimately the commonwealth.

To achieve the program goals, the GO Virginia State Board has created nine regional councils. These councils are responsible for developing regional Growth and Diversification Plans and implementing those plans through the submission of project applications. Applications approved at the regional level are advanced to the GO Virginia State Board for funding.

The GO Virginia State Board has identified four primary investment strategies to achieve the program goals. The four priority investment strategies are:

• Workforce Development – building talent pipelines aligned with business needs that increases the pool of qualified workers
• Site Development and Infrastructure - preparing a regional portfolio of business-ready sites that attract private investment
• Entrepreneurship & Innovation (Startup Ecosystem) - creating a resource-rich environment for scalable start-ups and early-stage companies 
• Cluster Scale-Up - helping existing regional industries grow and compete at a larger scale

All successful projects should align with at least one of these strategies and demonstrate a clear connection to a region’s Growth & Diversification Plan. See the GO Virginia Program Manual for details.

• GO Virginia is not an economic development incentive program. Individual private businesses may not receive funding, nor can any project provide exclusive benefits to a single private business.

• GO Virginia funds must support new and expanded efforts — not ongoing operations. Funding cannot be used to continue, sustain, or supplement the operating costs of existing programs. Projects must clearly demonstrate added value and represent new activity that advances GO Virginia’s mission. Proposals must fill a documented gap, scale a proven model, or introduce a new approach that supports regional priorities.

Virginia Growth and Opportunity Fund (GO Virginia) Regional Per Capita Implementation Grants

Regional Implementation Grants support ready-to-execute, high-impact regional projects that advance a region’s Growth and Diversification Plan and move beyond planning into implementation. These projects are designed to grow and diversify regional economies through activities that support one of the GO Virginia investment strategies of talent development, site readiness, entrepreneurship & Innovation, or accelerate the development of emerging industry clusters.

Projects are expected to have industry focus and deliver measurable economic outcomes and demonstrate readiness to begin implementation upon approval. They must demonstrate strong support from local units of government, industry partners, educational institutions, or other relevant entities/organizations. Projects must add value and not duplicate existing efforts. Coordination with local, regional, and private-sector partners is essential.

Arbor Rising Grant, established in 2010, is a NYC-based nonprofit providing unrestricted multi-year funding and capacity-building support to nonprofits focused on alleviating poverty. The grant process occurs every three years, with the next round in 2025 being invitation-only. Eligible organizations must demonstrate high potential and effective leadership, typically operating on a modest budget. Arbor Rising prioritizes applicants from the NYC metro area while expanding to cover the lower 48 US states.

Virginia Department of Housing and Community Development

The Virginia Department of Housing and Community Development (DHCD) partners with state, federal, local and nonprofit housing and community and economic development initiatives. DHCD programs strive to maintain the vibrancy of communities throughout the Commonwealth and include providing universal broadband access, investing in economic development initiatives, promulgating the statewide building and fire regulations, preserving the affordability and efficiency of Virginia’s homes and buildings, addressing homelessness, reducing eviction rates across the state and fostering innovative solutions to create affordable housing. DHCD invests over $350 million annually in addition to $2 billion in federal recovery programs as a partner to Virginia communities to create safe, affordable and prosperous communities to live, work and do business in Virginia.

DHCD is committed to creating safe, affordable and prosperous communities to live, work and do business in Virginia.

Community Business Launch Grant

The Community Business Launch (CBL) is a place-based entrepreneurial development strategy that fills a critical mass of vacant storefronts with expansion or start-up ventures. Local CBL programs train entrepreneurs, creatives, and small business owners about business planning practices. This training culminates in a group of finalists pitching their ideas to a panel of judges, with winners receiving grant funding and support services from the community to kick-start their new venture. While only a limited number of entrepreneurs may win the business competitions, the CBL gives rise to many budding entrepreneurs that have been prepared through the CBL grant to create or expand successful businesses.  

A CBL program generates excitement while educating the community business opportunities for local people. A CBL grant from DHCD leverages other financial and in-kind resources to prepare multiple entrepreneurs to operate successful businesses, whether they win or lose the pitch competition. Additionally, many CBL grantees replicate the CBL strategy repeatedly without DHCD resources to amplify job and business creation. When preceded by thorough market analysis and relentless outreach, then followed by ongoing business retention efforts, a CBL program is a key building block in a coordinated, comprehensive, and sustainable entrepreneurial eco-system of community-based entrepreneurs and small businesses at all stages of life. 

The Economic Development & Entrepreneurship Fund, managed by the Virginia Department of Housing and Community Development, provides up to $1.25 million in CDBG assistance for impactful economic projects. Eligible recipients are non-entitlement local governments, which may partner with nonprofits and other entities. These projects must create jobs or support significant business expansions. Interested applicants are encouraged to seek guidance from DHCD staff to enhance their proposals, ensuring the strongest competitive applications.

GO Virginia Program Overview

GO Virginia is a collaborative economic development initiative, that provides project-based incentives to encourage collaboration between private industry, higher education and local government in each region to produce results that will grow and diversify the regional economies and ultimately the commonwealth.

To achieve the program goals, the GO Virginia State Board has created nine regional councils. These councils are responsible for developing regional Growth and Diversification Plans and implementing those plans through the submission of project applications. Applications approved at the regional level are advanced to the GO Virginia State Board for funding.

The GO Virginia State Board has identified four primary investment strategies to achieve the program goals. The four priority investment strategies are:

• Workforce Development – building talent pipelines aligned with business needs that increases the pool of qualified workers
• Site Development and Infrastructure - preparing a regional portfolio of business-ready sites that attract private investment
• Entrepreneurship & Innovation (Startup Ecosystem) - creating a resource-rich environment for scalable start-ups and early-stage companies 
• Cluster Scale-Up -  helping existing regional industries grow and compete at a larger scale

All successful projects should align with at least one of these strategies and demonstrate a clear connection to a region’s Growth & Diversification Plan. See the GO Virginia Program Manual for details.

• GO Virginia is not an economic development incentive program. Individual private businesses may not receive funding, nor can any project provide exclusive benefits to a single private business.

• GO Virginia funds must support new and expanded efforts — not ongoing operations. Funding cannot be used to continue, sustain, or supplement the operating costs of existing programs. Projects must clearly demonstrate added value and represent new activity that advances GO Virginia’s mission. Proposals must fill a documented gap, scale a proven model, or introduce a new approach that supports regional priorities.

Virginia Growth and Opportunity Fund (GO Virginia) Competitive Grants

Competitive Grants are designed for projects that involve two or more GO Virginia regions (multi-regional) or go beyond what a single region’s annual allocation can support. They give regions the ability to collaborate or pursue initiatives that deliver substantial economic impact. To qualify, a project must present an extraordinary economic opportunity—one that is transformative in scale.

Competitive Grants allow regions to scale their ideas, tackle challenges that cross boundaries, and pursue transformative projects leverage regional strengths aiming to expand opportunities that benefit multiple localities and industries.

Application Types

Competitive Grants can support planning or implementation projects. The type of application depends on whether your project is multi-regional or single region. Competitive Grants include: Multi-Regional Planning Grants; Multi-Region Implementation Grants; and Single Region Implementation Grants.

Multi-Region Implementation Grants

Multi-Region Implementation Grants are designed to turn collaborative plans into action. The goal is to deliver projects that create broad economic impact, strengthening targeted industry sectors, growing higher-paying jobs, and expanding opportunities across all participating regions. Because these projects represent a significant investment, applicants must demonstrate strong regional collaboration, clear economic outcomes, and a plan for sustaining results beyond the grant period.

Successful projects should create benefits that are shared across all participating localities, not concentrated in just one community. In other words, the project’s impact—such as new jobs, business growth, or expanded industry capacity—should be visible in each region that is part of the application.

Virginia Economic Development Partnership

The Virginia Economic Development Partnership is the Commonwealth of Virginia’s official economic development authority and has offices in Virginia, Germany, Japan, Taiwan, and South Korea. Since 1995, VEDP has served as a professional, nonpartisan public authority with a long-term focus on strengthening Virginia’s economy across administrations. Working with state, regional and local partners, VEDP supports business expansion, attraction and investment through services that span site readiness, incentives, global trade and strategic planning. 

Virginia Economic Development Incentive Grant (VEDIG)

The Virginia Economic Development Incentive Grant program (VEDIG) assists and encourages companies to invest and create new employment opportunities by locating significant headquarters, administrative, or service sector operations in Virginia. There must be an active and realistic competition between Virginia and another state or country for attracting the project.

The amount of each VEDIG grant is determined by the Secretary of Commerce and Trade, based in part on the Virginia Economic Development Partnership’s (VEDP) Return-on-Investment analysis and recommendation, and is subject to the approval of the Governor.

Highlights

The program offers cash grants to qualified applicants. Grants are paid in five equal annual installments beginning in the first year after the capital investment and job creation or retention are achieved. There are no restrictions on expenditure of the grant proceeds.

Minimum capital investment, new job, and wage thresholds are based on the area of Virginia in which the company is located.

Virginia Department of Housing and Community Development

The Virginia Department of Housing and Community Development (DHCD) partners with state, federal, local and nonprofit housing and community and economic development initiatives. DHCD programs strive to maintain the vibrancy of communities throughout the Commonwealth and include providing universal broadband access, investing in economic development initiatives, promulgating the statewide building and fire regulations, preserving the affordability and efficiency of Virginia’s homes and buildings, addressing homelessness, reducing eviction rates across the state and fostering innovative solutions to create affordable housing. DHCD invests over $350 million annually in addition to $2 billion in federal recovery programs as a partner to Virginia communities to create safe, affordable and prosperous communities to live, work and do business in Virginia.

Virginia Enterprise Zone – Real Property Investment Grant

The Virginia Enterprise Zone (VEZ) program is a partnership between state and local government that encourages job creation and private investment. VEZ accomplishes this by designating Enterprise Zones throughout the state and providing two grant-based incentives, the Job Creation Grant (JCG) and the Real Property Investment Grant (RPIG), to qualified investors and job creators within those zones, while the locality provides local incentives.

Highlights

The RPIG is available to investors that are undertaking rehabilitation, expansion, or new construction projects within the boundaries of an Enterprise Zone. The building or facility must be:

• Commercial: Including office and retail
• Industrial
• Mixed-use: At least 30% of usable floor space is devoted to commercial, office, or industrial use

GO Virginia Program Overview

GO Virginia is a collaborative economic development initiative, that provides project-based incentives to encourage collaboration between private industry, higher education and local government in each region to produce results that will grow and diversify the regional economies and ultimately the commonwealth.

To achieve the program goals, the GO Virginia State Board has created nine regional councils. These councils are responsible for developing regional Growth and Diversification Plans and implementing those plans through the submission of project applications. Applications approved at the regional level are advanced to the GO Virginia State Board for funding.

The GO Virginia State Board has identified four primary investment strategies to achieve the program goals. The four priority investment strategies are:

• Workforce Development – building talent pipelines aligned with business needs that increases the pool of qualified workers
• Site Development and Infrastructure - preparing a regional portfolio of business-ready sites that attract private investment
• Entrepreneurship & Innovation (Startup Ecosystem) - creating a resource-rich environment for scalable start-ups and early-stage companies 
• Cluster Scale-Up -  helping existing regional industries grow and compete at a larger scale

All successful projects should align with at least one of these strategies and demonstrate a clear connection to a region’s Growth & Diversification Plan. See the GO Virginia Program Manual for details.

• GO Virginia is not an economic development incentive program. Individual private businesses may not receive funding, nor can any project provide exclusive benefits to a single private business.

• GO Virginia funds must support new and expanded efforts — not ongoing operations. Funding cannot be used to continue, sustain, or supplement the operating costs of existing programs. Projects must clearly demonstrate added value and represent new activity that advances GO Virginia’s mission. Proposals must fill a documented gap, scale a proven model, or introduce a new approach that supports regional priorities.

Virginia Growth and Opportunity Fund (GO Virginia) Competitive Grants

Competitive Grants are designed for projects that involve two or more GO Virginia regions (multi-regional) or go beyond what a single region’s annual allocation can support. They give regions the ability to collaborate or pursue initiatives that deliver substantial economic impact. To qualify, a project must present an extraordinary economic opportunity—one that is transformative in scale.

Competitive Grants allow regions to scale their ideas, tackle challenges that cross boundaries, and pursue transformative projects leverage regional strengths aiming to expand opportunities that benefit multiple localities and industries.

Application Types

Competitive Grants can support planning or implementation projects. The type of application depends on whether your project is multi-regional or single region. Competitive Grants include: Multi-Regional Planning Grants; Multi-Region Implementation Grants; and Single Region Implementation Grants.

Single Region Implementation Grants

Single-Region Implementation Grants are available for extraordinary opportunities within one region that cannot be fully supported by that region’s annual allocation. These projects are intended to address unique, high-impact needs where the scale of investment exceeds local resources but still delivers outcomes consistent with the goals of GO Virginia.

The expectation is that single-region projects will demonstrate the same level of rigor as multiregional efforts—clear economic impact, measurable outcomes, and long-term sustainability—while making the case for why Competitive Grant support is essential. In some cases, the request may use a mix of per-capita funds and Competitive Grant funds; in other cases, it may rely entirely on Competitive Grant funds.

Virginia Department of Housing and Community Development

The Virginia Department of Housing and Community Development (DHCD) partners with state, federal, local and nonprofit housing and community and economic development initiatives. DHCD programs strive to maintain the vibrancy of communities throughout the Commonwealth and include providing universal broadband access, investing in economic development initiatives, promulgating the statewide building and fire regulations, preserving the affordability and efficiency of Virginia’s homes and buildings, addressing homelessness, reducing eviction rates across the state and fostering innovative solutions to create affordable housing. DHCD invests over $350 million annually in addition to $2 billion in federal recovery programs as a partner to Virginia communities to create safe, affordable and prosperous communities to live, work and do business in Virginia.

Virginia Enterprise Zone – Job Creation Grant

The Virginia Enterprise Zone (VEZ) program is a partnership between state and local government that encourages job creation and private investment. VEZ accomplishes this by designating Enterprise Zones throughout the state and providing two grant-based incentives, the Job Creation Grant (JCG) and the Real Property Investment Grant (RPIG), to qualified investors and job creators within those zones, while the local government provides local incentives.

Highlights

• Up to $500 annually per grant eligible position filled by an employee earning at least 150% (125% in HUAs and SWAM-certified businesses) of the minimum wage, who was offered health benefits. ["Minimum wage" means the federal minimum wage or the Virginia minimum wage, whichever is higher. The Department shall determine whichever is higher for the current calendar year as of December 1 of the prior calendar year, and its determination shall be continuously in effect throughout the calendar year, regardless of changes to the federal minimum wage or the Virginia minimum wage during that year.]
• Up to $800 annually per grant eligible position filled by an employee earning 175% of the Virginia minimum wage who was offered health benefits.
• For High Unemployment Areas and SWAM-certified Businesses, annual cash grant of $500 per job for jobs paying at least 125% of the minimum wage; $800 per job for jobs paying 175% of the minimum wage.
• Qualifying companies may claim the grants on up to a maximum of 350 jobs per year.
• Requires a four-job threshold to establish a five-year grant period.
• Only full-time jobs with health benefits are eligible.

The Mid-Atlantic Environmental Justice Fund aims to promote environmental justice through community forestry initiatives. This grant supports workforce development in forestry, focusing on job training for historically marginalized communities. It encourages partnerships with educational institutions and local organizations to create equitable job opportunities in tree planting and maintenance. The fund is co-led by the Chesapeake Bay Trust and various community partners, emphasizing a collaborative approach to improve health and sustainability in the Mid-Atlantic region.

Virginia Economic Development Partnership

The Virginia Economic Development Partnership is the Commonwealth of Virginia’s official economic development authority and has offices in Virginia, Germany, Japan, Taiwan, and South Korea. Since 1995, VEDP has served as a professional, nonpartisan public authority with a long-term focus on strengthening Virginia’s economy across administrations. Working with state, regional and local partners, VEDP supports business expansion, attraction and investment through services that span site readiness, incentives, global trade and strategic planning. 

Virginia Investment Performance Grant

The Virginia Investment Performance Grant (VIP) encourages continued capital investment by existing Virginia companies, resulting in added capacity, modernization, increased productivity, or the creation, development, and utilization of advanced technology. The program targets existing manufacturers or research and development services supporting manufacturing. There must be an active and realistic competition between Virginia and another state or country for attracting the project, and matching local financial participation is expected.

The amount of each VIP grant is determined by the Secretary of Commerce and Trade, based in part on the Virginia Economic Development Partnership’s (VEDP) Return-on-Investment analysis and recommendation, and is subject to the approval of the Governor.

Highlights

Company must be an existing Virginia manufacturer or research and development service that supports manufacturing, and the project must result in capital investment of at least $25 million.

VIP grants are paid in five equal annual installments beginning in the first year after the capital investment and job creation or retention are achieved.

Virginia Economic Development Partnership

The Virginia Economic Development Partnership is the Commonwealth of Virginia’s official economic development authority and has offices in Virginia, Germany, Japan, Taiwan, and South Korea. Since 1995, VEDP has served as a professional, nonpartisan public authority with a long-term focus on strengthening Virginia’s economy across administrations. Working with state, regional and local partners, VEDP supports business expansion, attraction and investment through services that span site readiness, incentives, global trade and strategic planning. 

Commonwealth’s Development Opportunity Fund (COF)

The Commonwealth’s Development Opportunity Fund (COF) is a “deal-closing” fund to be employed at the Governor’s discretion to secure a company location or expansion in Virginia. Administered by the Virginia Economic Development Partnership (VEDP), the COF serves as a final resource for Virginia in the face of serious competition from other states or countries.

The COF grant is a negotiated amount determined by the Secretary of Commerce and Trade, based on the recommendation of VEDP, and subject to approval of the Governor.

Highlights

The program offers a cash grant to offset/reimburse qualifying project-related costs such as site acquisition and development, transportation access, utility extension or capacity development, construction or build-out of buildings, or training.

A grant is awarded to a local government on behalf of the company. The local government is required to enter into a performance agreement with the company before it may receive the grant award.