VA: Commonwealth’s Development Opportunity Fund (COF)
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About This Opportunity
The Commonwealth’s Development Opportunity Fund (COF) is a grant for businesses looking to locate or expand in Virginia. It's designed to help Virginia secure projects against competition from other states or countries. Companies must be basic employers, demonstrate active competition, provide local matching funds, and meet specific thresholds for job creation and capital investment.
Eligibility Requirements
Application Guide
Grants are a negotiated amount determined by the Secretary of Commerce and Trade, based on VEDP's recommendation, and subject to Governor's approval. Key criteria include demonstrating active competition with other states/countries, providing local matching funds, and meeting specific job creation and capital investment thresholds.
Prepare a strong case highlighting the project's competitive nature against other locations, secure local financial participation, and clearly outline your projected job creation and capital investment figures. Contact Katherine Goodwin at VEDP for initial discussions.
Geographic Coverage
Links & Resources
Source & freshness
Last verified: 8/12/2026
Primary source: Official source page
Refresh cadence: Listings are refreshed weekly.
Reminder: Confirm eligibility and deadlines before applying.
View all opportunities from Virginia Economic Development Partnership