The City of Norfolk and the Commonwealth of Virginia offer a variety of business incentives to ensure business growth and sustainability. These include incentives that are determined by the business location, and others that are offered citywide. The Economic Development Department is ready to assist you and your business in learning about these incentive programs.
A HUBZone is a “historically underutilized business zone” located within communities with low incomes and/or high unemployment. The U.S. Small Business Administration (SBA) administers the program and certifies businesses for eligibility. A HUBZone certified business is eligible for set-aside and sole-source contracting opportunities, and receives preferences in full and open competition for contracts. Information about the HUBZone program is available on the SBA website. HUBZone maps were updated in March 2017. Twenty-one of Norfolk's census tracts are classified as either a qualified or redesignated census tract in Norfolk's HUBZone. Use the mapping application set up by the SBA to find out if your property is in Norfolk's HUBZone.
The interactive map below shows HUBZone boundaries. Type an address into the search box to zoom to the property.
Enterprise Zones (download factsheet) Virginia's Enterprise Zone program provides state and local incentives to businesses that invest and create jobs within Virginia's enterprise zones, which are located throughout the state.
The interactive map below shows Enterprise Zone boundaries. Type an address into the search box to zoom to the property.
Technology Zone City Council adopted a technology zone program with an effective date of January 1, 2017, to encourage technology businesses to locate in a specific area (see Technology Zone map). The types of businesses that qualify as technology businesses include:
- Cybersecurity, personal security and property security;
- Sea level rise and recurrent flooding;
- Medical devices, medical diagnostics, pharmaceuticals, biotechnology, biochemical engineering and other life sciences and health care technologies;
- Advanced materials and advanced manufacturing;
- Computer hardware and software;
- Electronics and instrumentation;
- Photonics and sensors;
- Internet and e-commerce;
- Educational and training technologies, including modeling and simulation;
- Bio-informatics and data analytics;
- Logistics and maritime commerce;
- Information technology, telecommunications and wireless technology;
- Green technologies, renewable energy research and development, and energy conservation;
- Advanced transportation technologies; and
The use of computers, telecommunications services, or a web page or internet site shall not, in itself, be sufficient to qualify as a technology business. For more information about this program refer to the ordinance or visit municode.
If you have any further questions, please contact the Economic Development Department at 757-664-4338.
- Real Estate Tax Abatement Program
- Virginia Economic Development Partnership
- U. S. Small Business Administration
- State Corporation Commission
- Virginia Department of Business Assistance
- Virginia Department of Small Business and Supplier Diversity (SBSD)
- U.S. Department of Commerce, Minority Business Development Agency
- Hampton Roads Procurement Assistance Center
- Hampton Roads Small Business Development Center
- Virginia Business Incentives
- Business USA
- Brownfields Redevelopment