ABOUT THREE OAKS INDUSTRIAL PARK

This 90-acre site can be accessed from Chesapeake’s Volvo Parkway, Principal Lane, and Yupo Court and is adjacent to Summit Pointe Urban Development and Dollar Tree Corporation Headquarters. The property is part of the Greenbrier Planned Unit Development, one of the most successful PUDs on the East Coast, and has a master stormwater system in place. Wetland Delineation field surveys have been completed, with no issues found.

This 90-acre site can be accessed from Chesapeake’s Volvo Parkway, Principal Lane, and Yupo Court and is adjacent to Summit Pointe Urban Development and Dollar Tree Corporation Headquarters. The property is part of the Greenbrier Planned Unit Development, one of the most successful PUDs on the East Coast, and has a master stormwater system in place. Wetland Delineation field surveys have been completed, with no issues found.

https://summitpointeva.com/

TOTAL SIZE: 90 Acres
LOCALITY: Chesapeake, VA
SITE OWNERSHIP: Public
ZONING: M1-Light Industrial
DISTANCE TO CLOSEST INTERSTATE/HIGHWAY: Three miles for I-64 (Connects from Chesapeake, Virginia to Eastern Missouri)

TOTAL SIZE: 90 Acres
LOCALITY: Chesapeake, VA
SITE OWNERSHIP: Public
ZONING: M1-Light Industrial
DISTANCE TO CLOSEST INTERSTATE/HIGHWAY: Three miles for I-64 (Connects from Chesapeake, Virginia to Eastern Missouri)

ABOUT THREE OAKS INDUSTRIAL PARK

• Strategically located 30 minutes from the Port of Virginia
  

• A convenient location within 750 miles of two-thirds of the nation’s population and industrial production
  
  
• Proximity to a regional transportation hubs, including rail access on-site and nearby international airport

OTHER KEY FEATURES OF THREE OAKS INDUSTRIAL PARK

OTHER KEY FEATURES OF THREE OAKS INDUSTRIAL PARK

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 RETRAINING 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.

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 DEVELOPMENT OPPORTUNITY FUND

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 PARTNERSHIP

The Virginia Investment Partnership (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.

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.

VOLUNTARY REMEDIATION PROGRAM & BROWNFIELDS

The Virginia Voluntary Remediation Program (VRP) and Brownfields allow 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.

SALES & USE TAX EXEMPTIONS

Virginia offers some of the broadest sales and use tax exemptions in the U.S.

PROPERTY TAX EXEMPTIONS

Virginia does not tax intangible property, manufacturers' inventory, or manufacturers' furniture, fixtures, or corporate aircraft.

CHESAPEAKE ECONOMIC DEVELOPMENT INVESTMENT PROGRAM

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Stay up-to-date with everything involving Three Oaks Industrial Park!