This report examines several major economic incentive programs and funds used in the Commonwealth of Virginia to attract new businesses and to support the expansion of existing businesses. Virginia operates a number of programs that provide loans and grants to businesses for economic development and job creation purposes. The programs reviewed in this report provide nearly $30 million per year in government support to businesses.
Although the use of economic incentive programs has increased over the last decade in Virginia and in other states, surprisingly little attention has been paid to the effect of such programs...
