Grants and Incentives

Entrepreneur Challenge 

An Entrepreneur Challenge is a competitive process for potential and emerging entrepreneurs that provides business training, mentorship, networking opportunities, and an improved level of coordinated resources and community support. The competitions raise awareness of Southwest Virginia entrepreneurial opportunities and typically offer investment grants to top competitors following a pitch event and submission of a business plan.

Virginia Enterprise Zone

Virginia Enterprise Zone (VEZ) program is a partnership between state and local government that encourages job creation and private investment. VEZ accomplishes this by designating Enterprise Zones throughout the state and providing two grant-based incentives, the Job Creation Grant (JCG) and the Real Property Investment Grant (RPIG), to qualified investors and job creators within those zones, while the locality provides local incentives.

Virginia Tourism Growth Fund

The Virginia Tourism Growth Fund (VTGF) is a Virginia Tourism Corporation program established to grow tourism development projects in the Commonwealth of Virginia. Eligible projects include new or expanded facilities or venues for lodging, recreation, entertainment, epicurean, cultural, or destination retail products or services designed to attract travelers to the Commonwealth.

Virginia Tourism Marketing Leverage Program

The Virginia Tourism Corporation (VTC) Marketing Leverage Program is designed to stimulate new tourism marketing programs through the creation of tourism partnerships and to extend the “Virginia is for Lovers” campaign. The objective of this program is to leverage limited marketing dollars, resulting in increased visitor spending, revenue, and jobs.