VA: Commonwealth’s Development Opportunity Fund (COF)
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About This Opportunity
The Commonwealth’s Development Opportunity Fund (COF) is a grant designed to help secure company locations or expansions in Virginia, especially when facing competition from other states or countries. Administered by the Virginia Economic Development Partnership (VEDP), it provides negotiated funding to businesses that are basic employers, generate revenue outside Virginia, provide matching local funds, and meet specific thresholds for new job creation and capital investment.
Eligibility Requirements
Application Guide
Selection is based on the project's ability to secure a company location or expansion in Virginia against competition, meeting specific thresholds for new job creation, capital investment, and average annual wages. Local financial participation and coordination with VEDP/Governor's Office for public announcement are also key.
Highlight the project's significant economic impact, job creation potential, and the competitive situation with other states/countries. Be prepared to demonstrate local financial participation and contact Katherine Goodwin at VEDP for guidance.
Geographic Coverage
Links & Resources
Source & freshness
Last verified: 9/13/2026
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