The Commonwealth of Virginia and Martinsville-Henry County offer a variety of incentives for new and expanding Virginia employers. The requirements for these incentives vary, so contact our office for specific details.
Virginia’s Enterprise Zone program provides state and local incentives to businesses that invest and create jobs within Virginia’s enterprise zones. Most available Martinsville-Henry County sites are located within an Enterprise Zone.
For information about the City of Martinsville’s Enterprise Zone Incentives, click here.
For information about Henry County’s Enterprise Zone Incentives, click here.
Governor’s Opportunity Fund (GOF)
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 with the expectation that the grant will result in a favorable location decision for the Commonwealth.
Tobacco Region Opportunity Fund (TROF)
The Tobacco Region Opportunity Fund provides monetary grants to localities in Virginia’s tobacco producing regions to assist in the creation of new jobs and investments, whether through new business attraction or existing business expansion.
For a comprehensive list of state incentives, please see the Virginia Economic Development Partnership’s A Virginia Guide To Business Incentives.