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Incentives / Financing
Business Incentives & Financing
Whether you’re starting, relocating or expanding a business in Loudoun, Virginia, we’ve got the financial incentives and financing opportunities that set a foundation for your success. Explore available programs below.


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The Virginia Jobs Investment Program

Designed to support private sector job creation, this incentive covers recruiting and training costs incurred during new job creation or technology upgrades and provides a variety of free recruiting and training services.

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The New Jobs Program
This incentive is available to companies:
  • Generating over 50% of their revenue outside Virginia
  • Creating at least 25 new, full-time jobs in Virginia within the first year
  • Making a new capital investment of $1 million or more

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The Small Business New Jobs Program

Available to existing Virginia companies with 250 employees or less, this program requires recipients to:
  • Create at least five new, full-time jobs within the first year
  • Make a new capital investment of at least $100,000
  • Pay a minimum entry-level wage of $10 per hour

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Sales and Use Tax Exemptions
Sales and use tax exemptions are available in Virginia for data centers that invest $150 million or more, hire 50 or more employees, pay at least 1.5 times the average local wage, and enter into an MOU with the Virginia Economic Development Partnership. These exemptions extend to the 5% sales tax on servers, server-related equipment and, soon, chillers and generators.

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Governor’s Opportunity Fund
This discretionary incentive is available to relocating and expanding companies and is awarded to localities on a local 100% matching basis. To be eligible for this program, a company must create at least 50 new jobs for which the average wage, excluding fringe benefits, is no less than Loudoun's prevailing average wage.

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State of Virginia Financing Programs
A variety of state financing programs are also available, including:
  • Direct loans for fixed-asset purchases including land, buildings, and equipment
  • Loan guarantees and loan-loss insurance programs for small businesses, designed to reduce bank risks when providing small business loans
  • A Providing Access to Capital for Entrepreneurs (P.A.C.E.) program designed to fund minority-owned businesses
  • Direct loans and loan guarantees to fund tourism companies
  • Low-interest direct loans for necessary items for licensed child care centers and family-home providers
  • Low-interest, tax-exempt bond financing for small manufacturers and 501(c)(3) non-profits

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Other Financial Opportunities
In addition to incentives and loans, a variety of other opportunities are available to expanding or relocating businesses in Loudoun County, including:
  • A competitive county tax structure.
  • A Fast Track development process for targeted industries and projects, designed to improve plan review timelines and direct communication with key decision makers.

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Visit the Virginia Economic Development website to learn more