About the Fund
The Virginia Investment Partnership is a discretionary performance incentive program targeted to companies that have operated in Virginia for at least five years and propose projects that fall into one of the following two categories:
Tier 1 - Virginia manufacturers that make a capitalized investment of at least $25 million
Tier 2 - Virginia-based employers that make a capitalized investment of at least $100 million and create at least 1,000 new jobs
The program, administered by the Virginia Economic Development Partnership, is a competitive grant fund and is performance based. Additional conditions for eligibility may apply.
Virginia Department of Business Assistance
The Virginia Department of Business Assistance (DBA) Financial Services Division administers the programs of the Virginia Small Business Financing Authority (VSBFA), which is a statewide conduit issuer of industrial development bonds and is the vehicle through which DBA provides financial assistance to Virginia businesses. DBA staff works with businesses, bankers and other state agencies to provide direct funding and credit enhancements through a variety of financing programs for the benefit of eligible new and expanding businesses.