Evaluation: Economic development incentives

JLARC is responsible for evaluating the state’s economic development incentives — grants, tax credits, sales tax exemptions, and other incentives. (The Virginia General Assembly authorizes these evaluations through continuing language in the Appropriation Act.)

JLARC staff evaluate spending on incentives; achievement of required business activity in return for incentives; economic benefits to Virginia of total spending on incentives; and effectiveness of incentives in influencing business activity. 

Dec 2020

Economic Development Incentives: 2020 | Presentation

Sept 2020

Infrastructure and Regional Incentives | Presentation

Supplemental appendixes (online only)
Appendix O: Statistical analysis and economic impact modeling
Appendix P: Results of economic and revenue impact analyses
Appendix Q: Findings of peer-reviewed research
Appendix R: References

Dec 2019

Economic Development Incentives: 2019 | Presentation

June 2019

Data Center and Manufacturing Incentives | Presentation
Supplemental appendixes (online only)
Appendix M: Statistical analysis and economic impact modeling
Appendix N: REMI results
Appendix O: Findings of peer-review research
Appendix P: References

Dec 2018

Economic Development Incentives: 2018

Jul 2018

Workforce and Small Business Incentives
Supplemental appendixes (online only)
Appendix K: Quasi experimental statistical analysis and economic impact modeling
Appendix L: Results of economic and revenue impact analyses
Appendix M: Findings of peer-reviewed research
Appendix N: References

Nov 2017 Film Incentives
Economic Development Incentives: 2017

Staff are evaluating the following incentives in 2021:

Aircraft Parts, Engines, and Supplies Exemption

Airline Common Carrier Exemption

Barge and Rail Usage Tax Credit

International Trade Facility Tax Credit

Port of Virginia Economic Development Incentive Grant

Railroad Common Carrier Exemption

Railroad Rolling Stock Exemption

Ships and Vessels Exemption

Virginia Leaders in Export Trade (VALET) program

Virginia Port Volume Increase Tax Credit

Virginia Trade Show Assistance Program