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

• Grants up to the lesser of 33% or $2,000 for the demolition, replacement, or refurbishment of an existing, deteriorated freestanding sign
• New signs are not eligible for this grant
• Existing Freestanding Signage Grant Application

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