The Virginia Economic Development Incentive Grant (VEDIG)

November 26, 2020

SME's Funding for Food & Beverage Funding for Manufacturers United States Virginia Research & Development
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The VEDIG program is assisting and encouraging companies to create new employment opportunities in Virginia

The Virginia Economic Development Incentive Grant program (VEDIG) assists and encourages companies to invest and create new employment opportunities by locating significant headquarters, administrative, or service sector operations in Virginia. 

Funding Details

  • The VEDIG is a discretionary cash grant paid in five annual instalments
  • There are no restrictions on expenditure of the grant proceeds

Eligible projects

The creation of new employment opportunities by locating or relocating the following operations to Virginia may qualify for this program

  • Company Headquarters
  • Administrative office
  • Service sector

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.
  • There must be an active and realistic competition between Virginia and another state or country for attracting the project.
  • Minimum capital investment, new job, and wage thresholds based on locality of the company are required

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At GrantMatch, we acknowledge that our headquarters are situated on the Treaty Lands of the Mississaugas of the Credit First Nation, as well as the Traditional Territory of the Haudenosaunee, Huron-Wendat, and Anishinabek people. This land is covered by the “Dish With One Spoon” wampum agreement. We respectfully recognize that these lands’ original inhabitants and caretakers are First Nation and Métis people, and we are deeply grateful to be able to work on this land. As a remote team with employees across Turtle Island, also called North America, we would like to acknowledge the importance of the land that each of our team members calls home. GrantMatch actively encourages employees to learn about the history of the land on which they are situated and their local Indigenous peoples.