Moves You Forward
Wise County helps companies access the funding and incentives that turn projects into reality. Local, regional, and state programs can be stacked to offset costs, speed development, and reward job creation and investment.
The Virginia Coalfield Economic Development Authority (VCEDA) offers a full suite of loans and grants for qualifying employers. These include low-interest financing, infrastructure support, workforce development programs, feasibility grants, and tourism-related funding. VCEDA is one of the most flexible incentive tools in the nation, helping companies of all sizes secure the resources they need.
The Virginia Tobacco Region Revitalization Commission provides performance-based grants and loans to support new jobs and capital investment in Southwest Virginia. TROF funds can be tailored to project scope, adding critical support for companies that are ready to grow.
Workforce is central to every project, and the Virginia Jobs Investment Program (VJIP) helps offset the cost of recruitment and training. Cash reimbursements and customized program design give employers the flexibility to train workers quickly while reducing upfront expenses.
Designated Enterprise Zones in Wise County make businesses eligible for job creation and real property investment grants, alongside local incentive packages. Several census tracts also qualify as Opportunity Zones, offering federal tax benefits for long-term private investment.
For advanced industry, Wise County pairs competitive utility costs with local policy that supports technology growth. In Wise County, data center operators benefit from a regionally approved equipment tax rate of $0.24 per $100 with a favorable depreciation schedule. This, combined with scalable power and naturally cooled mine-water resources, makes Wise County a compelling location for next-generation infrastructure.
Incentives are most effective when matched to company needs. Wise County’s economic development team works directly with employers to identify available programs and align them with project timelines. From site tours to incentive packages, the county is committed to being a partner in your success.