--- title: The Commonwealth’s Development Opportunity Fund (COF) description: The Commonwealth's Development Fund aims to secure company location and expansions to the state, combating out of county/state competition. image: https://grantmatch.com/hubfs/AdobeStock_248688454-1.jpeg --- Virginia # The Commonwealth’s Development Opportunity Fund (COF) The Commonwealth's Development Fund aims to secure company location and expansions to the state, combating out of county/state competition. [ Gibson Ingram ](https://grantmatch.com/en-us/hot-new-programs/author/gibson) Apr 14, 2021 [mailto:?subject=Check%20out%20https://grantmatch.com/en-us/hot-new-programs/cof&utm_medium=social&utm_source=email%20&body=Check%20out%20https://grantmatch.com/en-us/hot-new-programs/cof&utm_medium=social&utm_source=email](mailto:?subject=Check%20out%20https://grantmatch.com/en-us/hot-new-programs/cof&utm_medium=social&utm_source=email%20&body=Check%20out%20https://grantmatch.com/en-us/hot-new-programs/cof&utm_medium=social&utm_source=email) [Virginia](https://grantmatch.com/en-us/hot-new-programs/tag/virginia) [In The US](https://grantmatch.com/en-us/hot-new-programs/tag/in-the-us) [Funding for Company Expansion](https://grantmatch.com/en-us/hot-new-programs/tag/funding-for-company-expansion) ![The Commonwealth's Development Opportunity Fund ](https://grantmatch.com/hubfs/AdobeStock_248688454-1.jpeg) # the cof aims to secure company location and expansions to the state, combating out of county/state competition. **The Commonwealth’s Development Opportunity Fund (COF) **is a “deal-closing” fund to be employed at the Governor’s discretion to secure a company location or expansion in Virginia. Administered by the **Virginia Economic Development Partnership (VEDP)**, the COF serves as a final resource for Virginia in the face of serious competition from other states or countries. The program offers a cash grant to offset/reimburse qualifying project-related costs such as site acquisition and development, transportation access, utility extension or capacity development, construction or build-out of buildings, or training. #### Eligible projects & Costs - Site acquisition and development - Road, rail, or other transportation access costs beyond the funding capability of existing programs - Utility extension or capacity development - Construction or build-out of buildings - Training - Grading, drainage, paving, and any other activity required to prepare a site for construction - Public and private installation, extension, or capacity development of high-speed or broadband internet access, whether on- or off-site #### Eligibility requirements **All projects must meet the following eligibility requirements:** - Project must be affiliated with a basic employer, meaning 51% or more of the facility’s revenue must be generated outside the Commonwealth - Project must be an active and realistic competition between Virginia and another state or country for attracting the project - Matching local financial participation is required on a dollar-for-dollar basis (cash or in-kind) - Public announcement of the project must be coordinated by VEDP and the Governor’s Office #### Funding Details - Each project must meet thresholds for capital investment ($1.5M - $5M) and job creation (15-50) - Certain localities can qualify for funding based on geographic location, which are categorized by Single, Double, and Generally Distressed eligibility thresholds ## Similar posts [Canada Blog ](https://grantmatch.com/hot-new-programs) Federal Grants ### [Urban and Community Forestry Program](https://grantmatch.com/en-us/hot-new-programs/urban-and-community-forestry-program) The Urban and Community Forestry Program (UCFP) aims to restore, sustain and maintain urban and community forest lands to establish thriving... 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GrantMatch Team Jun 21, 2023 ### Sign up for exclusive grant funding updates and more.  Be the first to know about new government programs and learn more about our products and services designed to keep you up to date with Canada's ever-changing funding landscape.  ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Gibson Ingram", "url" : "https://grantmatch.com/en-us/hot-new-programs/author/gibson" }, "dateModified" : "2021-06-22T14:21:23.488Z", "datePublished" : "2021-04-14T18:03:36.000Z", "headline" : "The Commonwealth’s Development Opportunity Fund (COF)", "image" : [ "https://grantmatch.com/hubfs/AdobeStock_248688454-1.jpeg" ], "mainEntityOfPage" : { "@id" : "https://grantmatch.com/en-us/hot-new-programs/cof", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://grantmatch.com/hubfs/governmentfundingstrategistsfinal-01-3.png" }, "name" : "GrantMatch Corp." } } ```