Town of Clarksville
Industrial Real Estate Discount
Benefit |
• Discount of 50% off the listed price of the property. |
Application Limits |
• $10 million private investment • Within 30 months, creation of minimum of 75 full time jobs as defined by the Commonwealth of Virginia |
Source of Funds |
• Town of Clarksville |
Economic Stimulus Grant - Town of Clarksville
Benefit |
• A six-year stimulus grant based on machinery/tools tax payments |
Application Limits |
• Creation of minimum of 50 full time jobs within 30 months • Recipients of the Economic Stimulus Grant are ineligible to receive Job Grants. |
Source of Funds |
• Town of Clarksville |
Effective Tax Rate: |
• $0.30/$100 |
Available for Six Years
Year |
Amount |
Year |
Amount |
1 |
100% |
4 |
40% |
2 |
80% |
5 |
20% |
3 |
60% |
6 |
10% |
Job Grants
Payment Amount |
• $400 per job |
Limitations on Application |
• Industries creating 15 to 50 full time jobs within 30 months • One-time payment made when LEZA is satisfied with certainty of the jobs creation • Recipients of Job Grants are ineligible to receive the Economic Stimulus Grant. |
Waiver of Zoning Permit Fees
Benefit |
• Businesses locating in the zone will have zoning permit fees waived. |
Waiver of Water and Sewer Connection Fees
Benefit |
• Water and sewer connection fees will be waived for businesses locating in the zone. |
Central Business District Stimulus Grant
Benefit |
• A four-year stimulus grant based on the Business, Professional, & Occupational License (BPOL) tax payment |
Application Limits |
• $100,000 private investment • Creation of minimum of 5 full time jobs within 18 months |
Source of Funds |
• Town of Clarksville |
Available for Four Years
Year |
Amount |
Year |
Amount |
1 |
100% |
3 |
75% |
2 |
100% |
4 |
50% |
BPOL Tax Rates per $100
Contracting (First $100,000) |
$0.16 |
Contracting (>$100,000) |
$0.12 |
Retail |
$0.15 |
| Hotels/Motels (8 rooms or greater) | $0.32 |
| Repair & Personal Services | $0.22 |
| Financial | $0.27 |
| Real Estate & Professional | $0.32 |
Wholesale Gross Receipts or Purchases |
$0.05 |
Central Business District Tax Assessment Relief
Benefit |
• Business renovations in the Central Business District will be taxed on the pre-renovated condition of the property for three years. |
Application Limits |
• Renovations must be implemented in the CBD • Renovations must total at least $20,000 |