The City of Staunton announced Tuesday that Enterprise Zone grant application materials have been released for the city’s local Enterprise Zone grant program.
Businesses may recall that the City expanded its Enterprise Zone in early 2007 and also amended the incentive programs. With this announcement, Staunton’s Enterprise Zone spans almost 900 acres in the City and includes the central business district as well as the West Beverley Street and Greenville Avenue corridors and the Green Hills Industry and Technology Center.
The purpose of the Enterprise Zone in Staunton, according to Enterprise Zone Administrator Amanda Huffman, is to “encourage the location of new businesses and the expansion of existing businesses in Staunton.” There are a number of incentives available to assist businesses, including new business grants, machinery and tools tax grants, and permit and connection fee grants, among others.
Huffman encourages businesses to review the Enterprise Zone boundaries and incentives to determine for which incentives they may be eligible. Staunton Enterprise Zone applications are due March 3, 2008 and by the end of the week will be available for download on the city’s website, link below.
Anyone with questions can contact Huffman at 540-332-3869.