Apply to Region 2 Grant Programs

Projects must meet statewide program goals as well as the goals of GO Virginia Region 2:

Statewide Goals

• Drive growth of higher paying jobs
• Generate a return on investment within 3 years (5 years for Site projects) 

Region 2 Goals

These goals are explained in detail in the 2023 Region 2 Growth and Diversification Plan.

Must drive one or more of the regional priority strategies:

• Innovation Cluster Scale-Up 
• Entrepreneurship and Business Development*
• Talent Development, Attraction and Retention
• Collaborative Sites and Infrastructure Development*

Must target one or more of these regional economic drivers and clusters: 

• Life Sciences & Biotechnology
• IT, Engineering, & Emerging Technology
• Materials and Machinery Manufacturing
• Transportation & Autonomy 

*Entrepreneurship projects must align with the Region 2 Entrepreneurial Ecosystem Strategic Investment Plan. Priority projects are outlined starting on page 13.

*Collaborative Sites and Infrastructure projects should refer to the Regional Site Development Project Guidance.

• Support the needs of one or more traded sector, priority industry clusters in Region 2. 

• Align with regional economic development goals and strategies outlined in the Region 2 2023 Growth & Diversification Plan.
  
  
• Involve 2 or more local governments. This includes an expectation that the localities will play an active role in the development of the project proposal and remain engaged in the project after the award announcement. The Memo on Regional Collaboration and Local Participation provides additional information.
  
  Partnering localities may demonstrate collaboration and meaningful participation in a number of ways, including the following:
  
  Cash or in-kind contributions (non-state funds) to the project made by partnering localities or by an intermediary on behalf of two or more of their local government members (e.g. regional economic development organization, local EDAs, PDC1)

Active ongoing participation on a steering committee or advisory group tasked to guide or oversee implementation of the project;

Utilization of a Regional Facility Industrial Authority or other similar, formal regional intermediary that outlines an agreed upon cost-sharing mechanism;

All GO Virginia grants require $1 of committed matching funds for each $2 of GO Virginia funding requested. Requests to reduce the match are considered by GO Virginia in specific circumstances. For more detailed information about the different kinds of match, the documentation for match, and conditions and restrictions regarding match, please see the GO Virginia Match Guidelines.

• Be sustainable after receiving support from GO Virginia.

Planning funds are up to $100,000 and are intended to support studies, planning or capacity building activities that directly support a future GO Virginia per capita or statewide competitive project funding request. In other words, the planning request must describe and outline a clear “line of sight” between the planning activities and the possible future GO Virginia projects. Planning grant guidance from DHCD.

1. Planning Grant Application OR Site Development Planning Application Questions
2. Application Budget Overview: Sources & Uses Template
3. Match Verification Form

Per capita (or implementation) grants funds are typically between $100,000 and $500,000, though may be more in select instances. They are used for projects that have a clear Return on Investment or ROI. The anticipated return on investment of a proposed project resulting from the GO grants is one of the key measures to be used by the Board in making funding allocations. The nature of the GO Virginia initiative, however, is different from traditional economic development programs and incentives where results are more immediately visible through direct job creation and capital investment and the tax revenues such activities generate. These measures are important, but under GO Virginia, the proposed grant requests should also focus on long-term, sustainable change, economic diversification, and regional collaboration, so some measures of success are behavioral and thus, harder to measure.

1. Per Capita Implementation Application OR Site Development Implementation Application
2. Application ROI Template
3. Application Budget Overview: Sources & Uses Template
4. Match Verification Form

Statewide Competitive funds are for projects that are larger in size and scope and represent an economically significant opportunity for the state. Considerations are make both for Multi-Region Applications and Single Region Applications. Statewide Competitive grant guidance from DHCD.

1. Statewide Competitive Application
2. Application ROI Template
3. Competitive Application Sources & Uses Budget Template
4. Match Verification Form

For All Grants:

• Application In-Kind Contribution Form
• Healthcare Industry Project Application Addendum

For Site Development Applications:

• Property Information Form

• Match Guidance from DHCD
• GO Virginia Match Waiver Request Guidelines
• GO Virginia Local Match Waiver Request Letter