Through strategic partnerships with state organizations, including the Virginia Economic Development Partnership (VEDP), the Accomack County Economic Development Authority (EDA), and various industry-specific agencies, grants, loans, and incentives are available to support eligible businesses in developing plans and studies designed to strengthen capacity and foster economic growth.

Discretionary Incentives

Virginia offers performance-based discretionary incentives to support competitive projects, aligning business needs with local and state development goals. Discretionary programs available to Accomack County include:

• Agriculture & Forestry Industries Development Fund (AFID)

• Commonwealth’s Development Opportunity Fund (COF)

• International Trade Facility Grant Program - a component of the Port of Virginia Economic Development Program and Fund

• Major Eligible Employer Grant Program (MEE)

• Port of Virginia Economic and Infrastructure Development Grant (EID Grant)

• Virginia Barge and Rail Usage Grant Program

• Virginia Economic Development Incentive Grant (VEDIG)

• Virginia Investment Performance Grant (VIP)

• Virginia Port Volume Increase Grant Program

Tax Incentives

Virginia offers several Sales & Use Tax Exemptions to reduce operating costs:

• Agricultural Materials and Equipment Sales & Use Tax Exemptions

• Commercial and Industrial Sales & Use Tax Exemption

• Data Center Retail Sales & Use Tax Exemption

Workforce Development Incentives

Virginia provides financial and training assistance to help companies attract and retain skilled workers:

• Virginia Jobs Investment Program (VJIP)

• Virginia Talent Accelerator Program

Regional Incentives

Tailored programs that provide businesses in designated areas with access to funding and support:

• Foreign Trade Zones (FTZs)

• Virginia Enterprise Zone – Offers two key grants to eligible businesses in designated zones:

  • Job Creation Grant

  • Real Property Investment Grant

• Historically Underutilized Business Zone (HUBZone)

Local Incentives

Accomack County offers unique incentives to businesses locating within the Accomack County Industrial Park, including:

• Bond Conduit Issuer Fee Exemption

• Personal Property/ Tools & Machinery Grant

• Real Property Improvements Grant

• Discounted Sewer Hookup in Accomack County Industrial Park

• Industrial Park Site Application Cost Discount

• Landfill Rebate Fee

• County Business License Fee Rebate 

• Rebate of County Permit Fees

• New Jobs Incentive in Accomack County Industrial Park

• Expedited Plans Review

• Marketing Assistance