Virginia’s Enterprise Zone

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.


Applications for Grant Year 2020 will be due April 1, 2021. Instruction manuals and Agreed Upon Procedures for the CPA Attestation are now available at the links below.

Grant Year 2019 How-to-Qualify Presentation
Grant Year 2019 How-to-Qualify Frequently Asked Questions
VEZ Application Submission System


VEZ State Incentives are available to businesses and zone investors who create jobs and invest in real property within the boundaries of enterprise zones.

For more information about state incentive eligibility criteria and grant awards please reference the Virginia Enterprise Zone Grant Matrix under the “Helpful Links “section.

Real Property Investment Grant and Job Creation Grant applications should be submitted to DHCD (electronically and hard copy) by April 1, 2021, along with a copy of the Commonwealth of Virginia W-9 Form.


In an effort to prioritize job creation, Job Creation Grants will receive funding priority should grant request exceed available funds. In the event that grant requests exceed allocated funding, Real Property Investment Grants may be subject to proration.


The Virginia Enterprise Zone (VEZ) Job Creation Grant (JCG) has reduced the wage rate threshold for job grants in areas with unemployment rates that are equal to or more than one and one-half times the state average to 150 percent of the federal minimum wage or $10.88 to receive grants. High unemployment area zones authorized by this new provision are listed on the link below.

Wage Rate Threshold*Grant Per PFTEEligible Businesses
$10.88$500HUA BUSINESS
$12.69$500ALL BUSINESS
$14.50$800ALL BUSINESS


In addition to state incentives, each locality offers its own package of incentives tailored to their unique needs. To find out whether a business or real property is located within an enterprise zone, or to learn more about a specific zone’s local incentive package, see map here.