Industrial Programs


New Business Tax Stabilization Grant:
  • For businesses investing $5 million to set up operation with at least 10 employees: 
    • Taxes escalate from 0% to 100% over 5 years
  • For businesses investing $10 million or greater to set up operation with at least 25 employees:
    • Taxes escalate from 0% to 100% over 10 years
  • May be combined with Employment Credit Grant
Tax Stabilization Model      
 Year 1Year 2Year 3Year 4Year 5Year 6
M & T Tax Break100%80%60%40%20%0%
Machinery & Tools Investment$2,000,000$2,000,000$2,000,000$2,000,000$2,000,000$2,000,000
Tax Rate (Effective rate/$100)$0.80$0.80$0.80$0.80$0.80$0.80
Machinery & Tools Annual Tax$0.00$3,200$6,400$9,600$12,800$16,000


Commercial & Industrial Property Rehabilitation Tax Exemption:
  • Property must be no less than 20 years old
  • Improvements should increase the assessed real estate value by 40% without increasing total square footage of structure by 15%
  • Application must be submitted with building permit and fee paid
  • Printable Applications may be mailed to the Campbell County Real Estate Office, P.O. Box 100, Rustburg, VA 24588

Economic Stimulus Grant:
  • Grant not to exceed 50% of the annual county net new tax revenue generated per year by new capital investments, not to exceed four years
  • Initial capital investment must be at least $1,000,000.00


Employment Credit:
  • Minimum of 25 new full-time jobs with benefits
  • Maximum grant of $450 per qualifying full-time job created
    • One time award of employment credit of job created
Average Hourly Wage Rate*Maximum Employment Credit Per JobFY20 Hourly Wage
75% of the Average Hourly Wage$150.00$16.25
85% of the Average Hourly Wage$200.00$18.42
Average Hourly Wage$300.00$21.67
10% above the Average Hourly Wage$350.00$23.88
20% above the Average Hourly Wage$400.00$26.00
35% above the Average Hourly Wage$450.00$29.25

(Source: JobsEQ a Chmura Economics & Analytics database.  Data as of 2020.  Revised: April 7, 2022)


More information about each of these grants may be obtained through Campbell County Economic Development at (434) 332-9595.