Mecklenburg County, Virginia
Town of South Hill Enterprise Zone Incentives
Mecklenburg County, Virginia
Industrial Real Estate Discount
Benefit |
• Discount of 50% off the listed price of the property. |
Application Limits |
• $10 million private investment • Creation of minimum of 100 full time jobs • Full-time jobs as defined by the Commonwealth of Virginia. |
Economic Stimulus Grant - Town of South Hill
A four year stimulus grant based on machinery/tools tax payments |
|
To qualify new businesses must create a minimum of 50 full-time jobs. |
|
Recipients of the Economic Stimulus Grant are ineligible to receive Job Grants |
|
Effective Tax Rate (7/1/05) |
$0.30/$100 |
Year |
Amount |
Year |
Amount |
1 |
100% |
3 |
50% |
2 |
75% |
4 |
25% |
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 Business License Tax
Businesses locating in the zone will have Business License Tax waived. |
|
Limitations on Application |
• 10 full time jobs • Waived for 3 years from start of business or up to expiration of zone |
Waiver of Building Permit Fees & Water and Sewer Connection Fees
Businesses locating in the zone will have building permit fees and water and sewer connection fees waived. |
|
Minimum Job Creation |
• 10 full time jobs |