Major Business Facility Job Tax Credit

Administered by Virginia Department of Taxation · Virginia

BENEFIT

Negotiated / contact agency

Deadline type: rolling

Eligibility Requirements

1$1,000 credit per new full-time job over threshold of 50 jobs
2Lower threshold of 25 jobs in enterprise zones or distressed areas
3Credit taken in equal installments over 2 years
4Unused credits may be carried forward for up to 10 years

Eligible Project Types

CommercialIndustrialSmall Business

STACKING POTENTIAL

Major Business Facility Job Tax Credit is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Major Business Facility Job Tax Credit compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Virginia Department of Taxation official program page ↗ · Last verified 2026-06-23

Does your project qualify?

Find your full grant stack in 60 seconds

Analyze my project free →

Scans 60+ programs · No signup required

STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

Home All Grants Run a Scan Pricing