<h4>Mission Statement</h4>
<ul>
<li style="margin-bottom: 20px;">The Port of Virginia administers four grant programs that are collectively designed to attract port users and stimulate economic growth to and through the Commonwealth of Virginia. These grant programs were established by the Virginia General Assembly in 2023 and replaced the tax incentive programs that had historically been available to port users.</li>
<li style="margin-bottom: 20px;">The mandatory Pre-Application for the Growth Incentive Grants will be available here on September 1, 2024, and all Pre-Applications are due by October 31, 2024. Instructions for the mandatory pre-application can be found <a href="https://pov2022.wpengine.com/wp-content/uploads/2024/09/Growth-Incentive-Grants_PreAppInstr.pdf">here</a>. Submit the completed Pre-Application form or direct any Pre-Application inquires to <a href="mailto:growthincentivegrants@portofvirginia.com">growthincentivegrants@portofvirginia.com</a></li>
<li>Additional application details and deadlines are located in each program’s policy.</li>
</ul>

Overview
The Economic and Infrastructure Development Grant Program (EID Grant) provides grant funding for qualified companies that locate or expand in the Commonwealth of Virginia and utilize The Port of Virginia. Eligibility, established by legislation, includes the creation of at least 25 new, permanent full-time positions for qualified full-time employees at the facility located within the Commonwealth of Virginia.
&nbsp;
Resources
<ul>
<li>Statutory Provisions in the Code of Virginia &#8211; <a href="https://pov2022.wpengine.com/wp-content/uploads/2024/07/EID_Code-1.pdf">Section 62.1-132.3:2.2</a></li>
<li><a href="https://pov2022.wpengine.com/wp-content/uploads/2024/08/POLICY_EID.pdf">EID Program Policy</a></li>
<li><a href="https://pov2022.wpengine.com/wp-content/uploads/2024/08/EID_MOU.pdf">Memorandum of Understanding</a></li>
<li><a href="https://pov2022.wpengine.com/wp-content/uploads/2024/08/Growth-Incentive-Grants_PREAPP2025.pdf">Pre-Application</a></li>
</ul>

Economic & Infrastructure Development Grant Program (EID)

Overview
The International Trade Facility Grant Program (ITF Grant) has been established to provide grant funding to eligible international trade facilities that increase qualified trade activities at port facilities located in the Commonwealth of Virginia. Grant funding is applied based on the capital investment made by the applicant to facilitate the qualified trade activities or an increase in employment at an international trade facility. In addition, as required by legislation, the port cargo volume growth at these facilities must increase by a minimum of five percent (5%) in a single calendar year over its base year port cargo volume and requires the facility pay a minimum entry-level wage rate to all full-time positions.
&nbsp;
Resources
<ul>
<li>Statutory Provisions in the Code of Virginia &#8211; <a href="https://pov2022.wpengine.com/wp-content/uploads/2024/07/ITF_Code.pdf">Section 62.1-132.3:2.3</a></li>
<li><a href="https://pov2022.wpengine.com/wp-content/uploads/2024/08/POLICY_ITF.pdf">ITF Program Policy</a></li>
<li><a href="https://pov2022.wpengine.com/wp-content/uploads/2024/08/ITF_MOU.pdf">Memorandum of Understanding</a></li>
<li><a href="https://pov2022.wpengine.com/wp-content/uploads/2024/08/Growth-Incentive-Grants_PREAPP2025.pdf">Pre-Application</a></li>
</ul>

International Trade Facility Grant Program (ITF)

Overview
The Virginia Port Volume Increase Grant Program (PVI Grant) provides grant funding to eligible entities that increase cargo volume by a minimum of five percent (5%) year over year, while utilizing port facilities in the Commonwealth of Virginia. Defined in the PVI program policy, an eligible entity means an agricultural, manufacturing-related, or mineral and gas entity.
&nbsp;
Resources
<ul>
<li>Statutory Provisions in the Code of Virginia &#8211; <a href="https://pov2022.wpengine.com/wp-content/uploads/2024/07/PVI_Code.pdf">Section 62.1-132.3:2.5</a></li>
<li><a href="https://pov2022.wpengine.com/wp-content/uploads/2024/08/POLICY_PVI.pdf">PVI Program Policy</a></li>
<li><a href="https://pov2022.wpengine.com/wp-content/uploads/2024/08/Growth-Incentive-Grants_PREAPP2025.pdf">Pre-Application</a></li>
</ul>

Virginia Port Volume Increase Grant Program (PVI)

Overview
The Virginia Barge and Rail Usage Grant Program (BRU Grant) has been established to provide grant funding for international trade facilities, described in the BRU program policy, that utilize barge and rail systems to move cargo through port facilities in the Commonwealth of Virginia rather than by truck or other motor vehicles on the Commonwealth of Virginia’s highways. In accordance with the established legislation, eligibility requires a facility to increase their barge and rail cargo volume by a minimum of five percent (5%) year over year.
&nbsp;
Resources
<ul>
<li>Statutory Provisions in the Code of Virginia &#8211; <a href="https://pov2022.wpengine.com/wp-content/uploads/2024/07/BRU_Code.pdf">Section 62.1-132.3:2.6</a></li>
<li><a href="https://pov2022.wpengine.com/wp-content/uploads/2024/08/POLICY_BRU.pdf">BRU Program Policy</a></li>
<li><a href="https://pov2022.wpengine.com/wp-content/uploads/2024/08/Growth-Incentive-Grants_PREAPP2025.pdf">Pre-Application</a></li>
</ul>