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VA

Commonwealth Development Opportunity Fund

Discretionary state economic-development grants for major job creation and investment projects.

About this program

The Commonwealth Development Opportunity Fund is a discretionary incentive used to secure major business expansion and location projects in Virginia. Alexandria projects may be considered through state and local economic-development negotiations when they create significant jobs and capital investment.

Eligibility

Competitive business location or expansion projects that create substantial jobs and investment and receive state and local approval.

Requirements

  • Significant job creation and capital investment
  • Local government support
  • State economic-development review