Incentives

Maximize Your Investment

In Chesapeake, we are actively working to stimulate economic growth through a range of targeted incentives designed to attract and retain businesses of all shapes and sizes. Explore the different types of incentives available and see which may be a fit for your business.

From our local Economic Development Investment Program (EDIP) and tax exemptions to state workforce and investment grants and tax credits, there are numerous incentive programs available for both new and existing businesses in Chesapeake.

Local Incentives

Chesapeake offers various performance-based incentives for new and expanding companies, including our Economic Development Investment Program (EDIP) grants, Foreign Trade Zone cost savings, and tax exemption opportunities for local business licenses and environmental restoration sites.

Economic Development Investment Program
Foreign Trade Zone
Business, Professional, and Occupational License Tax Exemption
Brownfield Restoration Program

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State & Federal Incentives

Virginia eagerly works with businesses with incentives designed to target the needs of both the company and the development plans of localities and the state. The U.S. federal government offers various financial incentives to help businesses grow, many can be paired with other State and Local incentives.

Investment Incentives
Workforce Incentives
Opportunity Zones

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Have Any Questions About the Incentive Process?

Our team is on standby, ready to help get you the information you need to make your decision with confidence.