The Virginia Jobs Investment Program offers three programs to both new
and existing businesses:
• New Jobs Program
• Small Business New Jobs Program
• Retraining Program
Companies meeting the criteria can contact the Virginia Jobs Investment Program team at wfsmail@vdba.virginia.gov or (804) 371-8120 to request a presentation from our staff on the program. A Virginia Jobs Investment Program staff member must meet with a company before its application can be processed.
Eligibility for assistance in the New Jobs and Small Business New Jobs Programs is limited to projects for-profit companies in the following business sectors:
• Manufacturing Operations
• Distribution Centers
• Corporate HQ’s for Companies with Multiple Facilities (only
HQ support positions will be funded)
• Inbound Call Centers
• Information Technology Services Exclusively for Businesses
• Research and Development Facilities
The New Jobs Program is a vital part of the Commonwealth of Virginia’s economic development efforts. The program targets expansions of existing companies or new facility locations. In order to qualify for assistance under the New Jobs Program, a company must be:
• Considering another state or country for the new location or expansion.
• Generating over 50% of its revenue from outside Virginia.
• Creating at least 25 net new jobs within 12 months from the date
of the first hire.
• Making a new capital investment of at least $1,000,000 associated
with the location or expansion.
• Paying a minimum entry-level wage rate of $10.00 per hour. In areas
that have unemployment of two times or more the state level, this wage minimum
may be waived. Only full-time jobs are eligible for funding.
The Small Business New Jobs Program supports existing Virginia companies which have 250 employees or less companywide. In order to qualify for assistance under the Small Business New Jobs Program, a company must be:
• Creating at least 5 net new jobs within 12 months from the date
of the first hire.
• Making a new capital investment of at least $100,000 associated
with the start up or expansion.
• Paying a minimum entry-level wage rate of $10.00 per hour. In areas
that have unemployment of two times or more the state level, this wage minimum
may be waived. Only full-time jobs are eligible for funding.
Eligibility for assistance in the Retraining Program is limited to projects for-profit companies in the following business sectors:
• Manufacturing Operations
• Distribution Centers
The Retraining Program provides services and funding to manufacturing companies and distribution centers to assist in training their existing work force. For the purpose of this program, retraining is defined as upgrading the skills of existing employees identified as essential to the production or distribution of a product. Companies participating in the program are typically those which are undergoing an integration of new technology into its production processes, changing product lines in keeping with marketplace demands, or substantially changing service delivery processes requiring an assimilation of new skills and technological capabilities. Companies may utilize the Retraining Program not more than once every three years. In order to qualify for assistance under the Retraining Program, a company must be:
• Retraining at least 10 full-time employees
• Making a new capital investment of at least $500,000 associated
with the retraining project.
• Paying a minimum entry-level wage rate of $10.00 per hour. In areas
that have unemployment of two times or more the state level, this wage minimum
may be waived. Only full-time jobs are eligible for funding.
