Enterprise Zone

Progress Park is located in a state-designated Enterprise Zone consisting of 1,520 acres.

In 2005, the Virginia General Assembly renewed and updated the Virginia Enterprise Zone program to encourage business development and expansion in designated areas. The program is a partnership between state and local government designed to stimulate job creation and private investment in the targeted areas, called enterprise zones. By offering businesses located within the enterprise zones a package of state and local incentives, the program stimulates private investment and creates jobs. The state component of the program consists of two grant-based incentives, one targeting job creation and the other targeting real property investment. To learn more about these state incentives, click here.

The above maps of the Progress Park Enterprise Zone and vicinity show the specific location of the zone. The addresses located in the zone may be obtained by calling 276-223-3370 or emailing jointida@wytheville.org.

Local incentives for the Wythe County Enterprise Zone program to qualifying businesses include the following:

• Discounted land prices
• Rebated water/sewer connection fees
• Reduced water/sewer usage rates
• Waived building permit fees in excess of 20,000 SF
• Expedited permitting process
• Reduced interest rate for Joint IDA Revolving Loan Fund
• Annual grant for high-investment, high-wage non-manufacturing operations

State Benefits

• Real property improvement grant
• Jobs creation grants

Virginia Enterprise Zone Program