Coastal Virginia Commerce Park
The future of industrial expansion in Chesapeake
Home to the largest megasite in Virginia—that’s what is on the horizon for Coastal Virginia Commerce Park, our new 4,022 acre site in Chesapeake, Virginia. Offering extensive road connections, comprehensive on-site resources, and support from both a business-minded city and state, this brand new site is an industrial haven where opportunities abound.
Fast Facts
TOTAL SIZE
LOCALITY
Chesapeake
Virginia
SITE Ownership
Private
Property
Site Location
Frank T. Williams Farm Property
Property Use
Currently used as farmland, designated for future industrial use
The Details
Location
Previously a portion of Frank T. Williams Farm Property, 1,420 acres have been designated for industrial use to become Coastal Virginia Commerce Park.
DISTANCE TO CLOSEST INTERSTATE/HIGHWAY
Adjacent to Route 17, interstate quality, 4-lane divided highway. Future I-87.
Zoning
Southernmost 1,420 acres are zoned Planned Unit Development (PUD), with M-1 light industrial uses permitted.
The remainder of the site is zoned A-1 with plans to be rezoned to extend the PUD.
Utilities
- Electric: Dominion Energy
- Natural Gas: Virginia Natural Gas
- Water: City of Chesapeake
- Sewer: City of Chesapeake
- Fiber/Broadband: Cox Communications
View Property Details For Coastal Virginia Commerce Park
Major Tenants
Join the region’s largest concentration of major employers at Greenbrier, including:
Game Changers
1
- Potential for several megasite projects
- Space available to accommodate industry clusters, allowing for the co-location of primary enterprises alongside auxiliary and support companies
2
- Minimal Wetlands Impact
- Utilities can be available on-site within 12 months
3
- Fronts Route 17 (future I-87), which is an interstate quality, 4-lane divided highway
- Less than 30 minutes from the Port of Virginia and Norfolk International Airport
CHESAPEAKE'S WORKFORCE INCENTIVES
Chesapeake, Virginia offers many workforce incentives that increase employee performance and stimulate your business’s productivity.
VIRGINIA JOBS INVESTMENT PROGRAM
Provides funding to mitigate development costs to recruit, train, and onboard new employees or retrain existing employees.
GREEN JOB CREATION TAX CREDIT
A credit against Virginia personal or corporate income tax for each new green job created in the Commonwealth.
MAJOR BUSINESS FACILITY JOB TAX CREDIT
Income tax credit for each new full-time job created over a threshold number of jobs based on certain thresholds.
V3 EMPLOYER GRANT
Grant funding available for V3 certified employers hiring and retaining Veterans for at least one year.
REGISTERED APPRENTICESHIP INCENTIVE PROGRAM
Partial reimbursement for eligible sponsors and employers for certain costs of related instruction. Industry-specific.
WORKER TRAINING TAX CREDIT
An income tax credit equal to 30% of all expenditures made by the employer for eligible worker training.
WORKFORCE CREDENTIALS GRANT
Grants available to partially fund industry credentials in high-demand occupations.
WORKFORCE INNOVATION & OPPORTUNITY ACT
Federal funding for employment and training activities, including incumbent worker retraining and on-the-job training.
Virginia Talent Accelerator Program
The Virginia Talent Accelerator Program accelerates facility start-ups and expansions by expediting recruiting and shortening the new-hire learning curve.
STATE AND LOCAL INCENTIVES
Chesapeake’s investment incentives enable businesses to operate profitably and decrease risks. Chesapeake Economic Development is ready to help your business take advantage of incentives designed to target the needs of both your company and the development plans of localities and the state.
COMMONWEALTH'S OPPORTUNITY FUND (COF)
Discretionary funds available to the Governor to secure a business location or expansion project for Virginia. Grants are awarded to localities on a local matching basis.
VIRGINIA INVESTMENT PERFORMANCE (VIP) GRANT
The Virginia Investment Performance (VIP) Grant and the Major Eligible Employer (MEE) Grant are discretionary performance incentives designed to encourage continued capital investment.
VIRGINIA ECONOMIC DEVELOPMENT INCENTIVE GRANT
The Virginia Economic Development Incentive Grant (VEDIG) is a discretionary performance incentive, designed to assist and encourage companies to invest and create new employment opportunities.
CHESAPEAKE ECONOMIC DEVELOPMENT INVESTMENT PROGRAM
The City of Chesapeake has established an Economic Development Investment Program (EDIP) to promote committed investment partnerships between the City and its business community.
VIRGINIA SMALL BUSINESS FINANCING AUTHORITY
The Virginia Small Business Financing Authority (VSBFA) offers programs to provide businesses with access to capital needed for growth and expansion.
The Voluntary Remediation Program (VRP)
The Virginia Voluntary Remediation Program (VRP) allows the City of Chesapeake to exempt, or partially exempt, environmental restoration sites from local taxation annually for a period.
Brownfields
Brownfields allows the City of Chesapeake to exempt, or partially exempt, environmental restoration sites from local taxation annually for a period.
PROPERTY TAX EXEMPTIONS
Virginia does not tax intangible property, manufacturers' inventory, or manufacturers' furniture, fixtures, or corporate aircraft.
SALES & USE TAX EXEMPTIONS
Virginia offers some of the broadest sales and use tax exemptions in the U.S.
