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Town
of Clarksville Incentives
Industrial
Real Estate Discount
- Discount of 50% off the listed price of the property.
• $10 million private investment
• Within 30 months, creation of minimum of 75 full time jobs
as defined by the Commonwealth of Virginia
Economic Stimulus Grant - A six-year stimulus grant based
on machinery/tools tax payments
• Creation of minimum of 50 full time jobs within 30 months
• Recipients of the Economic Stimulus Grant are ineligible
to receive Job Grants.
Years
and Amounts
1 100%, 2 80%, 3 60%, 4 40%, 5 20% 6 10%
Effective Tax Rate: $0.30/$100
Job
Grants - $400 per job
• Industries creating 15 to 50 full time jobs within 30 months
• One-time payment made when LEZA is satisfied with certainty
of the jobs creation
• Recipients of Job Grants are ineligible to receive the Economic
Stimulus Grant.
Waiver
of Zoning Permit Fees - Businesses locating in the zone will
have zoning permit fees waived.
Waiver of Water and Sewer Connection Fees - Water and sewer
connection fees will be waived for businesses locating in the zone.
Central
Business District Stimulus Grant - A four-year stimulus grant
based on the Business, Professional, & Occupational License (BPOL)
tax payment
• $100,000 private investment
• Creation of minimum of 5 full time jobs within 18 months
A four-year stimulus grant based on the Business, Professional,
& Occupational License (BPOL)
tax payment: Years 1& 2 100%, 3 75%, 4 50%
BPOL Tax Rates per $100
Contracting (First $100,000) $0.16
Contracting(>$100,000) $0.12
Retail $0.15
Hotels/Motels (8 rooms or greater) $0.32
Repair & Personal Services $0.22
Financial $0.27
Real Estate & Professional $0.32
Wholesale Gross Receipts or Purchases $0.05
Central Business District Tax Assessment Relief - Business
renovations in the Central Business District will be taxed on the
pre-renovated condition of the property for three years.
• Renovations must be implemented in the CBD
• Renovations must total at least $20,000
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