Henrico Investment Program Incentives and Grant Applications

Prior to submitting any Henrico Investment Program incentive applications, please contact the HIP staff at 501-7640.

Applications must be submitted AND approved before the work begins. All grants are reimbursement-based.

Architectural Design Assistance

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

Building Improvement Grants

Grants up to the lesser of 33% of renovation costs or $55,000 for exterior renovations and grants up to the lesser of 33% of renovation costs or $20,000 for interior renovations
Must participate in Architectural Design Assistance Program or the equivalent
Increased grant amounts are available to both properties that have been vacant for more than 5 years and contributing properties in a National Register Historic District
Building Improvement Grant Application

Building Systems Improvement Grant

Grant up to the lesser of 33% of costs or $15,000 for certain systems upgrades or replacements
Work must be under warranty and cannot be short term maintenance costs are not eligible
Increased grant amounts are available to both properties that have been vacant for more than 5 years and contributing properties in a National Register Historic District
Building Systems Improvement Grant Application

Paving and Parking Lot Sealing Grant

Grant up to the lesser of 33% of the cost of paving or $10,000 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

Grant up to the lesser of 33% of the cost of landscaping or $3,000 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
Increased grant amounts are available to both properties that have been vacant for more than 5 years and contributing properties in a National Register Historic District
Landscaping Grant Application

Existing Freestanding Signage Grant

Grant up to the lesser of 33% or $3,000 for the demolition, replacement, or refurbishment of an existing, deteriorated freestanding sign
New signs are not eligible for this grant
Increased grant amounts are available to both properties that have been vacant for more than 5 years and contributing properties in a National Register Historic District
Existing Freestanding Signage Grant Application

Demolition Grant

Grant 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
Increased grant amounts are available to properties that have been vacant for more than 5 years
Demolition Grant Application

Demolition Grant for Site Clearing Only

Grant up to the lesser of 33% or $50,000 to clear a site for marketing for resale
Eligible properties must not have been occupied or used for business purposes within the past two years unless it is an exterior corridor motel
Property must be listed for sale and actively marketed
Contributing buildings in a National Register Historic District are not eligible for this grant
Interested parties should contact program staff for application information

Off-Site Improvements Grant

Grant up to the lesser of 33% or $100,000 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
Increased grant amounts are available to properties that have been vacant for more than 5 years
Off-Site Improvements Grant Application

Seven-year tax abatement
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 Abatement 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

Crime Prevention Through Environmental Design (CPTED)