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Agency Department of Housing and Community Development (165)
Measure Name Number of new jobs created as a result of enterprise zone incentives.
Measure Last Modified
08-14-2024 01:24 p.m.
Measure Last Published
08-26-2022 11:49 a.m.
Status
Active
Data Source and Calculation
Number of jobs reported on Enterprise Zone job creation grant applications. NOTE: Payments occur in June of the corresponding fiscal year. For example, payments for taxable year 2020 jobs reported will occur in fiscal year 2021.
Enterprise Priorities and Strategies
Initiative Priority Strategy
Economy Business Climate and Economic Development Promote Virginia’s competitive business climate to maintain the designation as the best state for business.
Economy Poverty Develop a clear and consistent anti-poverty policy.
Associated Service Areas
Service Area Code Service Area Name
53410 Financial Assistance for Economic Development
Targets and Baselines
Name Date Result Note
Baseline 2740.0
Short Target 2025 None
Long Target 2027 None None
Results
Year Result Note
2000 3,351 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2001 2,445 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2002 1,269 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2003 4,279 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2004 3,213 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2005 3,549 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2006 2,461 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2007 2,866 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2008 1,825 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2009 1,920 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2010 924 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2011 956 The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY 2011 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. The phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 tax calendar year and paid in FY 2011.
2012 976 The number of businesses applying for the Job Creation Grant was up 16 percent from last fiscal year; and this was the second consecutive year with a small (2 percent) net increase in the number of jobs created. Job creation was at 97 + of the projected level for FY 2012 (1004). Missing the performance target reflects the severity of the recession and the fact that recovery continues to be slow and possibly stalled. The increase in usage of the incentive by businesses may be attributable to the FY 2010 legislative change, providing funding priority to Job Creation Grants. The grandfathered tax credit program is being phased out and this is creating a steady decline in requests; there was a 65 percent decrease for FY 2012. The tax credit incentives will sunset in FY 2019. Data is only available by calendar year; this data is for tax calendar year 2011 and paid in FY 2012.
2013 1,718 Payments occur in June of the corresponding fiscal year. For example, payments for taxable year 2013 jobs reported will occur in fiscal year 2014.
2014 1,067 Payments occur in June of the corresponding fiscal year. For example, payments for taxable year 2013 jobs reported will occur in fiscal year 2014.
2015 1,321 Payments occur in June of the corresponding fiscal year. For example, payments for taxable year 2014 jobs reported will occur in fiscal year 2015.
2016 1,280 Payments occur in June of the corresponding fiscal year. For example, payments for taxable year 2015 jobs reported will occur in fiscal year 2016. While the jobs do fluctuate annually (based on app counts or ramp-up schedules), the decrease in net new jobs compared to FY 2015 can be partially attributed to the impact of the 5-year JCG cycles. Eight companies had JCG cycles that went from GY 2005-2009, and/or GY 2010-2014, resulting in fewer applications for GY 2015 (FY 2016).
2017 881 The decline in EZ jobs created is due to three (3) large grant recipients rolling off of their 5-year grant eligibility.
2018 1,497 This increase is attributed to an increase in the average size of firms applying for job creation grants (JCG).
2019 2,108 This increase is attributed to an increase in the average size of firms applying for job creation grants (JCG).
2020 2,740 Overall, 196 grants were issued to 185 unique investors and businesses. Zone investors leveraged $347,809,651 in qualified real property investments to receive RPIGs, with the average QRPI per grant issued being $2,258,504. There were 2,740 jobs that were awarded JCGs.
2021
2022
2023
Measure ID 16553410.001.001
Measure Class Agency Key
Measure Type Outcome
Year Type State FY
Preferred Trend Increase
Frequency Annually
Statistical Unit Number of Jobs Created
sp134 Performance Measure - 06-07-2025 17:38:42