The Northern Neck Enterprise Zone

What is it?

If you start or expand a business that is located on an Enterprise Zone parcel, and that business creates jobs or requires real-property investment, you could qualify for an Enterprise Zone incentive grant.

State Enterprise Zone Incentives

1. Job-creation grant
2. Real-property-investment grant

For up-to-date details, visit the Virginia Enterprise Zone (VEZ) page.

Local Enterprise Zone Incentives

Financial Assistance

Monetary incentive for new and expanding businesses that create 25 new full-time jobs, invest $250,000, and have an average annual wage that is at least 125% of the area average.

Lancaster County
Grants not to exceed $1,000 to businesses improving their property’s façade. Zero percent interest loans for micro-enterprise development.

Richmond County
Town of Warsaw will provide matching grants up to $1,000 for zone businesses making façade improvements.

Technical Assistance

Lancaster County
Town of Kilmarnock has a technology zone at the Kilmarnock Business and Technology Park. It offers businesses exemptions from zoning permit fees, water and sewer connection fees, business, professional and occupational licenses, auto decal fees, and subdivision permit fees.

The Town of Kilmarnock will:
- Invest $517,190 in the zone to improve water and sewer.
- Provide $60,000 to improve the main street corridor within the zone.
- Expand the water/ sewer plant.

Richmond County
County will invest $525,000 in water and sewer upgrades within the zone.County will host a job recruitment fair for qualified new and expanding businesses.Town of Warsaw will invest $150,000 in water and sewer upgrades within the zone.

Westmoreland County
County will invest $411,070 to provide a municipal water supply along Route 3. County will provide wastewater treatment facilities by investing $540,450 in the project. County will invest $796,785 in the development of an industrial park within the zone. County will invest $100,000 for the construction of a 50,000 square foot marketed shell building in the zone.

Tax Assistance

Lancaster County
A credit for businesses rehabilitating property within the zone.

Richmond County
Ten-year decreasing tax exemption of the increase in assessed value to certain rehabilitation of ommercial or industrial properties. A three-year, 50% tax credit on the assessed value of a new building constructed in the zone and costing at least $100,000.

Which Northern Neck Parcels are in the Zone?

Use the map below to view Enterprise Zone areas throughout the Northern Neck. Click on each red dot for a closer look.

Alternatively, you can download the Northern Neck Enterprise Zone Layer that can be used with Google Earth. If you don't have Google Earth installed in your computer, it can be downloaded, free of charge, here. And the Northern Neck Enterprise Zone Layer can be downloaded here.

Note: These maps are for reference only. For final confirmation of Enterprise Zone status for any given parcel, please contact the Northern Neck Planning District Commission at (804) 333-1900.

 

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