Henrico Investment Program Incentives and Grant Application Forms

Prior to submitting any HIP incentive applications, please contact HIP staff at 501-7615. For more specific guidelines about individual grants, please see their respective applications.

Architectural Design Assistance

  • Professional schematic design assistance for eligible businesses or property owners intending to improve either the exterior design or interior functionality of their buildings or spaces
  • No cost to the business/property owner
  • Design Assistance Application

Building Improvement Grant

  • Grants up to the lesser of 33% of renovation costs or $30,000 for exterior renovations and grants up to the lesser of 33% of renovation costs or $10,000 for interior renovations
  • Must participate in Architectural Design Assistance Program or the equivalent
  • Building Improvement Grant Application

Paving and Parking Lot Sealing Grant

  • Grants up to the lesser of 33% of the cost of paving or $5,000 where existing, visible parking areas are gravel or deteriorated, and for parking lot expansion
  • For properties with existing buildings or where an addition(s) to an existing building is proposed
  • Paving Grant Application

Landscaping Grant

  • Grants up to the lesser of 33% of the cost of landscaping or $2,000 for the enhancements of the parking areas or front of the building or property
  • For properties with existing buildings or where an addition(s) to an existing building is proposed
  • Landscaping Grant Application

Existing Freestanding Signage Grant

Demolition Grant

  • Grants up to the lesser of 33% or $100,000 to clear a site for new development (partial demolition only allowed if more than 75% of the floor plate of conditioned space is being demolished)
  • Demolition must clear the site for an additional investment of $250,000 for a new building
  • Property owners will be reimbursed for demolition after new construction has been completed
  • Demolition Grant Application

Off-Site Improvements Grant

  • Grants up to the lesser of 33% or $10,000 for off-site drainage, water, sewer, broadband, sidewalk, turn lane, traffic light, and bus stop improvements
  • Must invest a minimum of $250,000 in a new building or $50,000 in exterior improvements to an existing building
  • Off-Site Improvements Grant Application

Rehabilitation Real Estate Tax Exemptions

  • Seven-year tax exemption
  • Based on increase in assessed property value resulting from certain rehabilitation
  • Applies to commercial, industrial, and multifamily real estate
  • To offset the costs associated with renovating older commercial/industrial structures
  • Administered by the County’s Finance Department, Real Estate Division
  • Rehabilitation Real Estate Tax Exemptions Application

Permit Fee Waivers

  • Waives fees for POD review, rezoning, and building permits for investment of $100,000 or more
  • To reduce start-up costs for businesses looking to locate or expand within the zones
  • Administered via the County’s Permit Center
  • Permit Fee Waivers Screening Form

Sewer Connection Fee Credits

  • Credits are available to cover the cost of connection fees for new construction or expansion
  • Sewer credits are administered via the County’s Department of Public Utilities

Crime Prevention Through Environmental Design (CPTED)

  • An in-depth analysis of commercial/industrial sites to reduce or eliminate crime
  • Administered via the County’s CPTED planner

 HIP Staff Assistance

  • Technical assistance to property owners/businesses in the zones

Accelerated Development Processing

  • Fast track plan review and approval
  • For major development activities within the zones
  • To reduce the start-up costs for businesses looking to locate or expand within the zones

Contact Us

Community Revitalization

Physical Address
4905 Dickens Road, Suite 200
Henrico, VA 23230

Phone
(804) 501-4757

Fax
(804) 501–7630

Mailing Address
P. O. Box 90775
Henrico, VA 23273-0775

Office Hours:
Monday to Friday
8:00 AM to 4:30 PM

Email

[email protected]

 
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