Virginia Commonwealth Opportunity Fund

The Virginia Commonwealth Opportunity Fund is a performance based grant designed to support successful project outcomes. Virginia uses the fund to attract new companies and support expansions by providing financial assistance for site development, building improvements, and startup operations.

Applicants must show a clear link between the project and new job creation or capital investment. Virginia evaluates the financial strength of the company, wage levels, and the stability of the proposed operations. Strong submissions include detailed hiring plans, workforce needs, and building specifications.

The fund is often paired with Virginia’s workforce training programs to ensure that new employees can be onboarded efficiently. Municipalities also collaborate closely with the state, providing local incentives to complement the program.

Virginia’s coordinated approach makes the state particularly competitive for logistics, manufacturing, and technology expansions. Companies that value both talent and infrastructure often select Virginia because of this alignment.