SEC. 27-1. TOURISM ZONE INCENTIVES
The purpose for creating a tourism zone is to attract more investment and prioritize the zone for tourism development. Qualified new or expanding businesses that are interested in locating in the zone may be eligible for incentives.
Available Properties: View Map
- New! Clifton Forge Business Park – 6+ Acres for Development
- Property at West Ridgeway Street and Fourth Street
- Former Clifton Forge High School
- Former Clifton Forge East Elementary School
These properties are located in an enterprise zone which can provide your company with grant resources and fee rebates for locating a business at the site. Some of those possibilities, as well as the site utilities are listed below.
Utility Consumer Tax Reduction: A payment equal to the amount of a three year reduction of utility consumer tax for qualifying new businesses. A 70% reduction for year one, 40% reduction for year two and a 20% reduction for year three.
Business License Tax Reduction: A payment equal to the amount of a three year reduction of business license taxes for qualifying new businesses. 70%-40%-20% reductions
Real Estate Tax Reduction: A payment equal to the amount of a three year reduction in real estate taxes for qualifying new businesses. 70%-40%-20% reductions
Machinery and Tools Tax Reduction: A payment equal to the amount of a three year reduction in the machinery and tool tax for qualifying new businesses. 70%-40%-20% reductions
Rezoning Fees Reimbursement: A payment equal to the amount of the rezoning application fees for a qualifying new business.
Building Permit Fee Reimbursement: A payment equal to the amount of the building permit fees for qualifying new businesses.
Virginia Job Creation Grant: Qualifying businesses located within the Enterprise Zone may be entitled to $500-$800 per new position per year for five years (positions 1-4 do not count). Excludes retail, personal service, personal care services, hair , nail and skin care services, diet and weight reducing centers, death care services, funeral homes and funeral services, cemeteries and crematories, dry cleaning and laundry services, coin-operated laundries and drycleaners, linen and uniform supply, industrial launderers, pet care, except veterinary services, photo finishing, photo finishing laboratories, except one-hour, one-hour finishing, parking lots and garages and all other personal services.
Virginia Real Property Investment Grant: Up to $100,000 per building for qualifying real property investments of less than $5,000,000 and up to $200,000 per building or facility for qualifying real property investments of $5,000,000 or more over a five year period.
Town of Clifton Forge
Regional Wastewater Treatment Plant owned by Alleghany County
Natural Gas Provider:
Solid Waste Disposal:
On site pick-up: Yes
Please click on the link(s) below to view more information: