Virginia Economic Development Incentive Grant

The Virginia Economic Development Incentive Grant (VEDIG) is a financial incentive offered by the state to encourage businesses to create jobs and invest in Virginia. When a company plans to expand or open a new facility in the state and agrees to meet certain job creation and investment criteria, it may receive grant money to support its development. This initiative aims to attract and retain businesses, boosting the local economy by providing job opportunities and increasing economic activity in the region.