Economic Development
City Enterprise Zones
Background
Enterprise Zone One A was established in January 2004. Enterprise Zone Two was established in January 1996. In October 1998, the City of Roanoke received state approval for adding 49.7 acres to the existing 1,027.5 acres in Enterprise Zone Two. This additional acreage is identified as the 581/Hershberger Subzone. Businesses locating within the boundaries of any local Enterprise Zone (see maps below) may qualify for state (see State Enterprise Zone) or local incentives.
Map of Both Zones
Implementation and Monitoring
These programs will be delivered through partnerships between the City of Roanoke and other organizations. The City of Roanoke Office of Economic Development and the Virginia Department of Housing and Community Development will compile and review data annually. These local incentives are available through December 31, 2015, for Enterprise Zone Two and the 581/Hershberger Subzone.
Incentives for Businesses
Enterprise Zone One A, encompassing 1,702 acres, and centered along the main east-west tracks of the Norfolk Southern Railway, is in effect for 20 years from January 1, 2004, to December 31, 2023. Enterprise Zone Two and the 581/Hershberger Subzone include the East Gate residential area, parts of Hollins Road North, the Roanoke Centre for Industry & Technology, Statesman Industrial Park, and the west side of Interstate 81 across from the Roanoke Regional Airport.
Enterprise Zone One A Information
Enterprise Zone Two Information
Enterprise Zone One A Rules, Regulations and Forms
Enterprise Zone Two Applications
Additional Information
This overview of the city of Roanoke Enterprise Zone program is intended to provide basic information. Prior to major financial commitments, please contact Lindsay Hurt at 540-853-5405.
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