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  • About
    • Community Profile
    • Home to the Region’s:
      • Arts & Culture Hub
      • Education Hub
      • Jobs Center / Workforce
      • Healthcare & Medical Hub
      • Multi-modal Transportation Hub
    • Strategic Location
  • Site Selection
    • Available Properties
    • Business/Industrial Parks
    • Collaborative & Co-Working Spaces
    • Location-based Incentives Map
    • Neighborhood Commercial Areas
  • Target Industries
    • Advanced Manufacturing
    • Business, Management, and Professional Services
    • Healthcare, Life Sciences, & Biotechnology
    • Information Technology
    • Insurance
    • Maritime, Transportation, and Logistics
    • Offshore Wind
  • Grow Your Business
    • Incentives and Capital Overview
    • Capital Access Program
    • Norfolk Opportunity Zones
    • NorfolkWorks
      • NorfolkWorks for Businesses
      • NorfolkWorks for Job Seekers
    • Small Business Initiatives
  • Resources
    • Incentives and Capital Overview
    • City Contracting
    • City of Norfolk Greyhound Station Redevelopment
    • Disaster Planning
    • Norfolk Business Events
    • Norfolk Exporter Resources
    • NorfolkWorks for Job Seekers
    • Start A Business Steps
  • Contact Us
    • Norfolk Economic Development Staff
    • The Norfolk Economic Development Authority
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Incentives and Capital Overview

City Incentives:

  • Downtown Arts and Cultural District Incentives

  • Commercial Corridor Program

  • Performance-Based Grant/Revenue Sharing Performance Agreement

  • Public Art Private Development Partnership Grant

  • Tax Abatement Program

  • Capital Access Program

Location-based Incentives:

  • Federal HUBZone

  • Enterprise Zone

  • Downtown Arts and Cultural District

  • Norfolk Innovation Corridor – A Technology Zone

  • Tourism Zones

  • Opportunity Zones 

State & Port Incentives

State Incentives

Virginia offers a variety of performance-based incentives, designed to target the needs of businesses and the development plans of localities and the state. The following is a list of incentives offered by the Commonwealth.

  • Discretionary Incentives

  • Financial Assistance

  • Infrastructure Assistance

  • Recruitment & Training Incentives

  • Regional & Local Assistance

  • Tax Incentives

  • Telework Incentives

Learn more about these programs here.

Port Incentives

The Virginia Port Authority offers the following tax incentives for businesses that import or export through The Port of Virginia.

  • Port Volume Increase Tax Credit

  • Barge and Rail Usage Tax Credit

  • International Trade Facility Tax Credit

Other Funding Partners & Capital Providers:

  • 757 Accelerate
  • 757 Angels
  • Brownfield Redevelopment
  • Downtown Norfolk Council
  • EXIM Bank
  • Virginia Small Business Financing Authority
 

For Questions or General Inquiries

  • Email: development@norfolk.gov
  • Phone: 757-664-4338

THE MISSION

To stimulate inclusive economic growth by enhancing our business climate and fostering a diverse workforce to grow the tax base and fuel the prosperity of Norfolk.

THE VISION

Norfolk Economic Development is a trusted leader and partner driving sustainable and equitable opportunities for all.

 

Useful Links

Norfolk Air

City of Norfolk

Hampton Roads Alliance

Contact Info

(757) 664-4338
999 Waterside Drive
Suite 2430
Norfolk, VA 23510

Staff Details

Sean Washington
Director of Economic Development
Contact

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