Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
One-time $1,000 per-job income tax credit for Virginia businesses creating 50+ new jobs at a single facility within a 12-month period. Credits can be carried forward 10 years, rewarding large-scale job creation in manufacturing, warehousing, corporate services, and other qualifying activities.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum 50 new full-time jobs at a single facility in a 12-month period
2.Jobs must pay at least $15.50/hour (updated annually)
3.Qualifying activities: manufacturing, mining, R&D, telecommunications, corporate HQ, data centers
4.Credit: $1,000 per qualifying job; carry forward 10 years
5.Claim on Virginia Form 306
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).