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Writer's pictureAdam Garrett

Commercial Real Estate & Investment Property Government & Non-Profit Incentives

Updated: Nov 7


Image courtesy City of Hampton


The sale & purchase of commercial property is very different in a number of respects vs residential purchases.

Hub Zones for Small Businesses Seeking Government Contracts (USA)

Virginia Enterprise Zones

Virginia Opportunity Zones

New Markets Tax Credit

CDFI Equitable Recovery Program

Capital Magnet Fund (for affordable housing)

Bank Enterprise Award (for depository banks)

City/County Based Tax Incentives for Rehabilitation

Commercial and Industrial Sales & Use Tax Exemption

Commonwealth’s Development Opportunity Fund (COF)

Major Business Facility Job Tax Credit

Virginia Jobs Investment Program (VJIP)

Virginia Talent Accelerator Program

Boating Infrastructure Grant (i.e. for marinas)

Clean Vessel Act (CVA) Grant (i.e. for marinas)

Hampton Rock the Block

Communities of Opportunity Tax Credit (Section 8)

Related (primarily geared toward homes, but much of it applies to commercial as well):



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