Town of South Hill Incentives

Industrial Real Estate Discount - To qualify for Industrial Real Estate Discount of 50% off the listed price of the property, new businesses locating within Interstate Industrial Park must have at least a $10 million private investment and create a minimum of 100 full-time jobs as defined by the Commonwealth of Virginia.
• Discount of 50% off the listed price of the property.
• $10 million private investment required
• Creation of minimum of 100 full time jobs
• Funded by South Hill IDA

Economic Stimulus Grant - To qualify new businesses must create a minimum of 50 full-time jobs. Recipients of the Economic Stimulus Grant are ineligible to receive Job Grants. A four year stimulus grant based on machinery/tools tax payments of 100% for 4 years.
Effective Tax Rate: $0.30/$100

Job Grants - $500 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.

Enterprise Zone Incentives
Waiver of Business License Tax - Businesses locating in the zone will have Business License Tax waived.
• 5 full time jobs within 12 months
• Waived for 3 years from start of business or up to expiration of zone

Waiver of Building Permit Fees - Businesses locating in the zone will have building permit fees waived.
• 5 full time jobs within 12 months minimum
• Existing companies, Minimum Job Creation of 15 full-time jobs
• Town of South Hill

Waiver of Water and Sewer Connection Fees - Water and sewer connection fees will be waived for businesses locating in the zone.
• 5 full time jobs within 12 months minimum
• Existing companies, Minimum Job Creation of 15 full-time jobs
• Town of South Hill

Reduced Water and Sewer Costs - Reduces water and sewer fees for users exceeding 1,000,000 gallons per month to cost only for two (2) years.