Loudoun Business Incentives & Financing
Targeted Industries
At the discretion of the Loudoun County Board of Supervisors, qualified businesses that are relocating to or expanding within Loudoun County, Virginia may be offered incentives outlined
in these guidelines:
- Aerospace and Defense
- Agriculture & Related Businesses
- Aviation and Transportation
- Federal Government Contracting
- International Firms
- Technology
- Cybersecurity
- Data Centers
- Health IT
- AI/Machine Learning
Businesses Moving to or Expanding in Virginia
Loudoun County may elect to match the Virginia Commonwealth’s Opportunity Fund.
Minimum Requirements
- The company must create a minimum of 50 new jobs which pay 100% of the county’s average annual wage, which is currently $78,052*;
- The company must make a minimum $5 million investment in buildings, land and equipment;
- Virginia must be competing with another state for the company’s final location decision;
- The company must be in one of the targeted industries listed above.
Incentive Guidelines
Companies that meet the minimum requirements will, at the Board of Supervisors’ discretion, be approved for Loudoun County’s Fast Track commercial development process.
If the county chooses to provide a match to the Commonwealth’s Opportunity Fund with fee waivers and/or cash, then the new real estate and personal property taxes that will be paid to the county by the company over the three years following the incentive award must be equal to the amount of the county match.
If the county match includes public infrastructure improvements, then the new real estate and personal property taxes that will be paid to the county by the company over the five years following the incentive award must be equal to the amount of the county match.
Loudoun County will match the Virginia Commonwealth’s Opportunity Fund in this order of priority:
- Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc.
- Waiving commercial development processing fees.
- Cash.
Virginia Companies Relocating to or Expanding in Loudoun County
Minimum Requirements
- The company must create a minimum of 50 new jobs which pay 100% of the county’s average annual wage, which is currently $78,052*;
- The company must make a minimum $5 million investment in buildings, land and equipment;
- The company must receive a Virginia Jobs Investment Program grant;
- Loudoun County must be competing with another jurisdiction for the company’s final location decision;
- The company must be in one of Loudoun County’s targeted business industries.
Incentive Guidelines
Companies that meet the minimum requirements will, at the Board of Supervisors’ discretion, be approved for the county’s Fast Track commercial development process.
If the county chooses to provide a match with fee waivers and/or cash, then the new real estate and personal property taxes that will be paid to the county by the company over the three years following the incentive award must be equal to the amount of the county match.
If the county match includes public infrastructure improvements, then the new real estate and personal property taxes that will be paid to the county by the company over the five years following the incentive award must be equal to the amount of the county match.
The types of incentives available to Virginia companies relocating to or expanding in Loudoun County will be limited to:
- Waiving commercial development processing fees.
- Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc.
- A match of the Virginia Jobs Investment Program grant.
Loudoun Companies Expanding Within Loudoun
Minimum Requirements
- The company must create a minimum of 25 new jobs.
- The company must make a minimum $2.5 million investment in buildings, land and equipment.
- The company must receive a Virginia Jobs Investment Program grant.
- Loudoun County must be competing with another jurisdiction for the company’s final location decision.
- The company must be in one of Loudoun’s targeted business industries.
Incentive Guidelines
Companies that meet the minimum requirements will, at the Board of Supervisors’ discretion, be approved for the county’s Fast Track commercial development process.
If the county chooses to provide a match with fee waivers and/or cash, then the new real estate and personal property taxes that will be paid to the county by the company over the three years following the incentive award must be equal to the amount of the county match.
If the county match includes public infrastructure improvements, then the new real estate and personal property taxes that will be paid to the county by the company over the five years following the incentive award must be equal to the amount of the county match.
The types of incentives available to companies expanding within Loudoun County will be limited to:
- Waiving commercial development processing fees;
- Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc.;
- A match of the Virginia Jobs Investment Program grant.
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 Commercial Incentive Program, aimed toward targeted industries and projects, designed to improve plan review timelines and direct communication with key decision-makers.
- The Loudoun County Business Assistance Team gives you coordinated, “no wrong door” service. This cross-departmental team helps simplify the permitting, licensing, mapping and zoning process for you.
*According to the data in the most recent Loudoun County profile from the Virginia Employment Commission.