Code of Virginia - Title 59.1 Trade And Commerce - Chapter 49 Enterprise Zone Grant Program

59.1-538 Short title
This chapter shall be known and may be cited as the "Enterprise Zone Grant Act." (2005, cc. 863, 884.) ...

59.1-539 Definitions
As used in this chapter, unless the context requires a different meaning: "Board" means the Board of Housing and Community Development. "Department" means the Department ...

59.1-540 Administration
The Department shall administer this chapter and shall have the following powers and duties: 1. To establish the criteria for determining what areas qualify as ...

59.1-541 Rules and regulations
Rules and regulations prescribing procedures implementing the purpose of this chapter shall be promulgated by the Board in accordance with the Administrative Process Act. (2005, ...

59.1-542 Enterprise zone designation
A. Upon the Department's announcement of periodic zone designation competitions, the governing body of any county or city may make written application to the Department ...

59.1-543 Local incentives
A. Local governments submitting applications for enterprise zone designation shall propose local incentives that address the economic conditions within their locality and that will help ...

59.1-544 Amendment of enterprise zones
Once an enterprise zone has been designated, the local government may make written application to the Department to amend the zone boundaries in accordance with ...

59.1-545 Application review
A. After announcement of a periodic zone designation application process, the Department shall review each application upon receipt and secure any additional information that it ...

59.1-546 Review and termination of enterprise zones
A. If the local governing body is unable or unwilling to provide the specified local incentives as proposed in its application for zone designation or ...

59.1-547 Enterprise zone job creation grants
A. As used in this section: "Base year" means either of the two calendar years immediately preceding a qualified business firm's first year of grant ...

59.1-548 Enterprise zone real property investment grants
A. As used in this section: "Facility" means a complex of buildings, co-located at a single physical location within an enterprise zone, all of which ...

59.1-549 Policies and procedures for allocation of enterprise zone incentive grants
A. Qualified business firms and qualified zone investors shall be eligible to receive enterprise zone incentive grants provided for in this chapter to the extent ...