Henrico County is currently voting on the expansion of their Enterprise Zones. These zones are areas especially designated for special programs that are designed to lure new business into the area.
In Henrico, companies that build or renovate in
Enterprise Zones are eligible to receive a variety of state and local
benefits, including – among others – free architectural drawings to
suggest exterior improvements; a seven-year tax exemption; grants
totaling up to $30,000 or 33 percent of total renovation costs
(whichever is less); employment and training assistance and various
other county advice.
Several areas within Henrico County already offer such benefits for relocating businesses and starting up new businesses. The proposed expansions are as follows:
- a western expansion of 131 acres along the eastern side of Staples Mill Road between Wistar Drive and Parham Road;
- a central expansion of 563 acres along portions of Laburnum Avenue, Mechanicsville Turnpike and Nine Mile Road;
- an
eastern expansion of 697 acres stretching along Williamsburg Road
(generally between Nine Mile Road and Charles City Road) and along
Audubon Drive.
The expansions are being voted on this week! Keep an eye out for the results.
Keep in mind that the City of Richmond
and other surrounding counties also have designated Enterprise Zones,
and so does the State of Virginia.
For the full story, see the 5/17/06 edition of the Henrico Citizen.
