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.
The South Norfolk business district, or “SoNo,” is Chesapeake’s urban neighborhood. The community is lined with historic buildings and homes and blessed with excellent access to major interstates, the South Norfolk Jordan Bridge, and Chesapeake’s working waterfront.
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.
Chesapeake Economic Development guides qualified companies through a simple application process. Our staff is dedicated to bring investment and quality jobs to Chesapeake.
Please contact us to further explore possible incentives for your project.