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State Business Incentives
State Business Incentives 
View a list of state business incentives:

Commonwealth's Opportunity Fund
The Commonwealth’s Opportunity Fund (COF), formerly known as the Governor's Opportunity Fund (GOF), is a discretionary incentive available to the Governor 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.

Investing in Each Other
Virginia works enthusiastically with new and expanding Virginia employers that create a higher standard of living for Virginians, enhance the local and state economies, and increase revenues to state and local governments. Incentives are Virginia's investment in its economic future and a business decision for both the commonwealth and the company. As a result, they must make good fiscal sense for all parties. Designed to target the needs of the company and the development plans of localities and the state, Virginia offers a variety of performance-based incentives. From tax credits to tax exemptions, Virginia continues to demonstrate its willingness to invest in those who invest and reinvest in the commonwealth.

Sales & Use Tax Exemptions
Virginia offers some of the broadest sales and use tax exemptions in the U.S. Property Tax Exemptions Virginia does not tax intangible property, manufacturers' inventory, and manufacturers' furniture, fixtures, and corporate aircraft.

Virginia Investment Partnership Act
The Virginia Investment Partnership (VIP) Grant and the Major Eligible Employer Grant (MEE) are 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.

The Virginia Economic Development Incentive Grant (VEDIG)
The Virginia Economic Development Incentive Grant is 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.

Virginia Jobs Investment Program (VJIP) 
The Virginia Jobs Investment Program  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.

Virginia Small Business Financing Authority (VSBFA)
The VSBFA offers programs to provide businesses with access to capital needed for growth and expansion.