Business Incentives

For companies locating or expanding in one of the counties Enterprise Zones or Sub-zones, the Jefferson Davis Enterprise Zone or the Walthall Enterprise Zone, there are local and state benefits that may impact the company’s cost of doing business. Tax credits, rebates or exemptions, development fee waivers and jobs grants may be available to eligible businesses.

Information on other business incentives offered by the Commonwealth of Virginia can be found in the Commonwealth’s Guide to Business Incentives.

The Business Expansion Incentive Fund (BEIF) was established for the purpose of securing job-creating economic development opportunities through the preservation and expansion of existing business in Chesterfield County. BEIF assistance may be in the form of a low-interest loan or a grant. Applications are made to the Chesterfield County Economic Development Department.