By locating in the James City County Enterprise Zone, a business may qualify for any or all of the local incentives independent of whether it qualifies for state incentives.
Local Capital Investment Incentives—In order to qualify for local capital investment incentives, a business or developer must make a capital investment of $500,000 or more in a commercial or industrial project in the zone. Capital investment is defined as money used for land improvement, building, infrastructure, machinery and tools, or business personal property.
Local Job Creation Incentives—In order to qualify for job creation incentives, 50 percent of the new workforce must be documented as current residents having lived in James City County for one year and 75 percent of the total jobs must be full-time permanent (35 hours per week or more). The average annual wage must be at least 90 percent of the County’s per capita income, using the most recent federal census data.
To learn more, read James City County’s Enterprise Zone brochure.