Business Incentives & Financing

No amount of incentive can make a bad location good. Loudoun County, Virginia, offers tremendous opportunities for the right businesses to thrive. According to the U.S. Department of Labor, Loudoun is #3 in the nation for job growth, and the International Economic Development Council ranked Loudoun #1 in business investment for counties of its size.

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

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. Incentives will be limited to U.S. or international companies in these industries:

  • 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 percent of the county’s median wage, which is currently $75,000.

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, Virginia
Business Incentive Guidelines
Page 2 of 3
Loudoun County will match the Virginia Commonwealth’s Opportunity Fund in this order of priority:
1. Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc.
2. Waiving commercial development processing fees.
3. 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 percent of the
county’s median wage, which is currently $58,000.
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:
1. Waiving commercial development processing fees.
2. Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc.
3. 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, Virginia
Business Incentive Guidelines
Page 3 of 3
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:
1. Waiving commercial development processing fees.
2. Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc.
3. A match of the Virginia Jobs Investment Program grant.

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. Incentives will be limited to U.S. or international companies in these industries:

  • 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 percent of the county’s median wage, which is currently $75,000.

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, Virginia
Business Incentive Guidelines
Page 2 of 3
Loudoun County will match the Virginia Commonwealth’s Opportunity Fund in this order of priority:
1. Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc.
2. Waiving commercial development processing fees.
3. 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 percent of the
county’s median wage, which is currently $58,000.
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:
1. Waiving commercial development processing fees.
2. Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc.
3. 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, Virginia
Business Incentive Guidelines
Page 3 of 3
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:
1. Waiving commercial development processing fees.
2. Public infrastructure improvements, such as roads, sidewalks, parking facilities, etc.
3. A match of the Virginia Jobs Investment Program grant.

Business Incentives & Financing

No amount of incentive can make a bad location good. Loudoun County, Virginia, offers tremendous opportunities for the right businesses to thrive. According to the U.S. Department of Labor, Loudoun is #3 in the nation for job growth, and the International Economic Development Council ranked Loudoun #1 in business investment for counties of its size.

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

 

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 percent 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 fewer, 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

Available 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. Colocation facilities can aggregate the capital investment and new job requirements among the data center owner and tenants. These exemptions extend to qualified data center equipment, including servers, routers, generators, chillers and other enabling hardware.

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Commonwealth’s Opportunity Fund

This discretionary incentive is available to relocating and expanding companies and is awarded to localities on a local 100 percent 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 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 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.

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Visit the Virginia Economic Development website to learn more.

Contact Us

Chris Hunter

Business Retention Manager

Phone (703) 777-0479