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Collaborative Economic Development Grant Fund

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The Virginia Collaborative Economic Development Act creates the Virginia Collaborative Economic Development Performance Grant Fund (the Fund) to be administered by the GO Virginia Board. Two or more localitilies that collaborate and adopt a collaborative economic development plan will be eligable for grants from the Fund over a period of six years if the collaboration results in the location or expansion of a company in the Commonwealth that (i) creates at least 200 new jobs with average salaries at least equal to the average wage and (ii) makes a capital investment of at least $25 million.

The Virginia Economic Development Partnership (VEDP) is coordinating this effort in collaboration with DHCD and the Virginia Department of Taxation. Please visit VEDP for application materials.