Business Facility Job Credit
A credit of $1,000 per new job created in excess of the qualifying threshold amount (minimum number of jobs created by the expansion or establishment) The credit is earned over a 2 year period and the employment level must be maintained for a minimum of 6 years. You can claim the credit for only 1 tier per facility.
Grant Deadline
Deadline not available
Funding Amount
$1,000
Type of Grant
Tax Credit, Hiring
Sectors
All Sectors
Demographics
Incorporation
For Profit
Perks
Region Restriction
This grant is restricted to whole of United States
Keywords
tax credit, jobs, qualifying corporation, Threshold Amount, Created, Employment Level
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
You may qualify for this credit if:
- You’re a company operating in Virginia, and
- You establish a new facility, or expand an existing facility, and
- This expansion or creation of a new facility creates:
- Tier 1 - at least 51 new jobs anywhere in Virginia.
- Tier 2 - at least 26 new full-time jobs if located in designated Enterprise Zones, or areas the Virginia Economic Development Authority has identified as economically distressed.
Retail businesses are not eligible for this credit.
Grant Application website
https://www.tax.virginia.gov/business-development-credits
Contact
Customer Service
Phone Service Hours | Monday - Friday, 8:30am - 5pm
Our peak contact periods are:
- 10am - 2pm, and
- All day Monday, and the day after a holiday
If you can, please consider calling outside of those hours to reduce your time on hold.
For Individuals - Phone | 804.367.8031
Fax | 804.254.6113
For Businesses - Phone | 804.367.8037
Fax | 804.254.6111
Where’s My Refund? - Phone | 804.367.2486
Identity Theft Inquiries - Phone | 804.404.4185
Fax | 804.344.8565
Tax Credit Assistance - Phone | 804.786.2992CollectionsPhone | 804.367.8045
Fax | 804.254.6112
Court Debt Collection - Phone | 804.367.0016