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Tax CreditVirginiaActiveVerified

Virginia Major Business Facility Job Tax Credit

Virginia Economic Development Partnership (VEDP)VA-MBF-JTC
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Virginia

About This Program

Income tax credits for Virginia businesses establishing or expanding a major business facility and creating at least 50 new jobs, with a $1,000 per qualifying job credit available over 2 years.

Key Requirements & Eligibility

  • 1Must create at least 50 new full-time jobs within first 12 months of operation
  • 2All jobs must be located at a single Virginia facility
  • 3Credit: $1,000 per qualifying job, taken equally over 2 years
  • 4Eligible: manufacturers, distributors, R&D, multi-state HQ operations
  • 5Minimum capital investment required varies by industry type

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

ManufacturingTechnologyFinancial ServicesDefense
Official Source