Industrial Site Development

OPPORTUNITY

OPPORTUNITY ZONES (OZ)

Opportunity Zones are a federal tax benefit available to investors with capital gains. Investors can make investments in low-income census tracts [IRC Section 45D(e)] that were nominated by the governor of Virginia and certified by the U.S. Treasury. A low-income census tract is defined as having an individual poverty rate of at least 20 percent or a median family income no greater than 80… Learn More

PRIVATE

PRIVATE ACTIVITY BONDS

The Virginia Department of Housing and Community Development is responsible for that portion of Virginia’s private activity bonds set aside for local housing authorities and for that portion set aside for the state allocation.

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APPALACHIAN

APPALACHIAN REGIONAL COMMISSION (ARC)

Virginia’s Appalachian Regional Commission (ARC) funding fosters economic development and improves the quality of life for our Appalachian citizens. ARC provides assistance in the long-term development of a chronically depressed multi-state region, which includes 25 counties and eight independent cities in Virginia. ARC invests in water and sewer service to communities, workforce training for… Learn More