Chesapeake Economic Development- Incentives

Local Incentives

South Norfolk Hub Zone

The program encourages economic development in historically underutilized business zones, called “HUBZones.”

Foreign Trade Zone

Chesapeake, VA is now one of the largest foreign trade zones in the U.S. at 10,000 acres.

South Norfolk Tech Zone

The technology zone acts as an overlay district offering incentives to a new or existing business located within the designated area.


EDIP offers Economic Development Grants to targeted-industry companies seeking either to locate or expand in the City of Chesapeake.

State Incentives

Virginia offers various performance-based incentives for new and expanding companies. The state eagerly works with businesses with incentives designed to target the needs of both the company and the development plans of localities and the state.

Investment Incentives

Virginia offers investment-based incentives for new and expanding companies in Chesapeake.

Workforce Incentives

Virginia offers workforce-based incentives for new and expanding companies in Chesapeake.