The Virginia Jobs Investment Program provides cash grants to existing businesses which seek expansion or new facility locations. The company must create a minimum of 25 net new jobs within 12 months from the date of first hire and make a capital investment of at least $1,000,000.
The Virginia Jobs Investment Program offers three programs to both new and existing businesses.
New Jobs Program: For companies or start ups expecting significant growth in the next three years.
Small Business New Jobs Program: For companies or start-ups with fewer than 250 employees who are expanding in the next 12 months.
Retraining: For companies implementing significant technological upgrades affecting a large number of employees.