Enterprise Zone

Overview


Two areas within James City County have been designated by the State of Virginia as an Enterprise Zone. The first, located in the southern portion of the County, includes the James River Commerce Center, Green Mount Industrial Park, the Busch Corporate Center and a portion of the SR-60 Corridor. The second zone is located in the northern portion of the County and includes a portion of the Stonehouse Commerce Park, Hankins Industrial Park, Jacobs Industrial Park and a portion of the SR-60 Corridor.

Local Capital Investment Incentives


In order to qualify for local capital investment incentives, a business or developer must make a capital investment of $500,000 or more in a commercial or industrial project in the zone. Capital investment is defined as money used for land improvement, building, infrastructure, machinery and tools or business personal property.
Year Business Real Estate Improvement/
Rehabilitation Grant Percent of Assessed Value
Machinery & Tools/
Business Personal Property Grant Percent of Assessed
Year 1           0.45% 0.50%
Year 2 0.36% 0.40%
Year 3 0.27% 0.30%
Year 4 0.18% 0.20%
Year 5 0.09% 0.10%

Economic Development Authority (EDA) Grants


Five-year declining grants equal the improvement value of the tax assessment for qualified capital investments made within the Zone.

Improvement Fee Waivers


Local permit fees waived for site plans, subdivisions, erosion, and sediment control, land disturbing, building, electrical, plumbing and HVAC.

Expedited Review/Fast Track Permitting


Expedited review projects guarantee a maximum turn-around time for County agency review comments of 14 calendar days per plan submittal.

Sewer Transmission Fee Reduction

The James City Service Authority (JCSA) will reduce sewer transmission fees for businesses by 50% for first 5 years of operation.

Use of Process Water


Businesses will be allowed to use industrial process water from permitted wells within the zone.

EDA Fee Waiver


The EDA will waive administrative application fees for bond financing (except for legal fees).