Enterprise Zone

Smyth County is proud to boast a low cost of doing business. Businesses who call our area home draw their employees from a skilled, hard-working labor pool while simultaneously benefiting from low worker’s compensation outlays, unemployment tax burdens, utility costs, and building costs that are substantially lower than state and national averages. Read on to find out how Smyth County will go beyond your expectations.

Information

Enterprise Zones are areas declared eligible by the Governor of Virginia for financial incentives and regulatory exemptions.  Businesses that choose to locate within one of these areas, and that meet certain other requirements, are qualified to receive these incentives and exemptions.  Smyth County is pleased to currently offer two enterprise zones, covering nearly all the commercial and industrial areas of the County. 

Enterprise Zone Objectives...
•Promote the area’s revitalization through an increase in economic activity
•Stimulate private investment & job creation in the area
•Retain & expand commercial & industrial facilities presently located in the zone
•Attract new industry and business to vacant sites within the zone
•Provide tax benefits for locating or expanding an existing business in the zone

State Incentives

°State Enterprise Zone Incentives
°Virginia Enterprise Zone Map
°Job Creation Grants
   -Qualification Form
   -Instruction Manual
°Real Property Investment Grants
  -Qualification Form
  -Instruction Manual

 

Local Incentives

°Smyth/Washington County EZ Maps
°Economic Stimulus Grants for Manufacturers
°Building Permit Fee Rebates
°Water & Sewer Cost Reductions
°Exemptions on increased assessed property value
°Tax Credits
°Tourism-Business Marketing Grants (Saltville EZ only)
°Storefront Improvement Grants (Saltville EZ only)
°Loan Application Assistance (Saltville EZ only)
°Training Assistance (Saltville EZ only)


chilhowie

°Chilhowie Enterprise Zone

marion & atkins

°Marion & Atkins Enterprise Zone

saltville

°Saltville Enterprise Zone