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VA: Virginia Economic Development Incentive Grant (VEDIG)

Virginia Economic Development PartnershipGRANTSTATEEquity-Free
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Amount
$5,000,000
Deadline
Open
Bootstrap Score
2/10
Complexity
9/10

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About This Opportunity

The Virginia Economic Development Incentive Grant (VEDIG) program offers financial assistance to established companies looking to invest and create significant new employment opportunities in Virginia. It's designed for businesses considering Virginia against other states or countries for major headquarters, administrative, or service sector operations. Companies must meet high thresholds for capital investment and job creation, with specific requirements varying by location within Virginia.

Eligibility Requirements

Required
Must be locating significant headquarters, administrative, or service sector operations in Virginia.LOCATION
Required
Must demonstrate active and realistic competition between Virginia and another state or country for attracting the project.LOCATION
Required
Teleworking positions, if included, must be held by Virginia residents.LOCATION
Required
Must be affiliated with a basic employer, meaning 51% or more of the facility’s revenue must be generated outside the Commonwealth.INDUSTRY
Required
If locating in a Metropolitan Statistical Area (MSA) with a population of 300,000 or more: Create 400 new full-time jobs with average salaries at least 150% of the local prevailing average wage.TEAM_SIZE
Required
If locating in a Metropolitan Statistical Area (MSA) with a population of 300,000 or more: Create 300 new full-time jobs with average salaries at least 200% of the local prevailing average wage.TEAM_SIZE
Required
If locating elsewhere in Virginia: Create 200 new full-time jobs with average salaries at least 150% of the local prevailing average wage.TEAM_SIZE
Required
New jobs must be in addition to existing jobs.TEAM_SIZE
Required
New jobs require a minimum of 35 hours of the employee's time a week for 48 weeks/year or 1,680 hours per year.TEAM_SIZE
Required
If locating in a Metropolitan Statistical Area (MSA) with a population of 300,000 or more: Make a capital investment of at least $5 million or $6,500 per job, whichever is greater.REVENUE_MIN
Required
If locating elsewhere in Virginia: Make a capital investment of at least $6,500 per job.REVENUE_MIN

Application Guide

Process
APPLICATION ONLY
Difficulty
9/10
Selection Criteria

Selection is based on an active and realistic competition with another state or country, a Return-on-Investment analysis by VEDP, capital investment, new full-time job creation, and average salaries. The grant amount is determined by the Secretary of Commerce and Trade and subject to Governor's approval.

Tips for Applicants

Initiate contact with a VEDP Business Investment Manager early. Clearly demonstrate the competitive offer from another state/country and highlight the significant economic impact (jobs, investment, ROI) your project will bring to Virginia.

Geographic Coverage

VA

Links & Resources

Applyhttps://www.vedp.org/index%2Ephp/incentive/virgini...

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

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