Virginia Incentives for Business

State Incentives

Governor’s Opportunity Fund

Designed as a “deal closing” fund to be employed at the Governor’s discretion when necessary to secure a company location or expansion in Virginia.  Learn More

Virginia Investment Partnership Grant And Major Eligible Employer Grant

Discretionary performance incentives designed to encourage continued capital investment by Virginia companies, resulting in added capacity, modernization, increased productivity, or the creation, development and utilization of advanced technology.  Learn More

Virginia Economic Development Incentive Grant

A discretionary performance incentive, designed to assist and encourage companies to invest and create new employment opportunities by locating significant headquarters, administrative or service sector operations in Virginia.  Learn More

Corporate Income Tax Incentives

Virginia allows for certain tax credits to be claimed against a company's corporate income tax liability.  Learn More

Sales and Use Tax Exemptions

Certain purchases made by manufacturers, distributors and other businesses are exempt from sales tax.  Learn More

SourceLink Virginia

Online small business resource portal for local economic and entrepreneurial developers to better help their customers.  Learn More

Contact Us

The Montgomery County Department of Economic Development (MCDED) offers a number of free and confidential services and resources to help companies large and small. We welcome the opportunity to provide direct assistance to companies interested in starting, expanding or relocating a business in Montgomery County, Blacksburg and Christiansburg. Contact us today!