Make a Strong Statement
The Roanoke innovation economy grows strong every year, and it’s undergirded by decades of stable infrastructure, a brilliant workforce and dazzling opportunity. Paired with unbeatable livability, low business costs, and framed by stunning mountain backdrop, you have all the key ingredients for an innovative and profitable investment. And with major incentive programs available to developers and business owners, investing in Roanoke just makes sense.
Golden Opportunities in the Star City
Roanoke is a prime location situated within several federal and state opportunity zones that offer stellar incentives for investing in the Star City.
Opportunity Zones
Roanoke’s Innovation Corridor is located in a federally designated Opportunity Zone. These Opportunity Zones are designed to offer tax benefits to investors while spurring economic growth.
Virginia Enterprise Zone
Downtown Roanoke and land parcels along Jefferson Street fall within the Virginia Enterprise Zone Program. You could qualify for state and local incentives, including the Real Property Investment Grant and/or the Job Creation Grant.
Historic Tax Credits
Undertake the compliant rehabilitation of historic buildings in Roanoke’s Innovation Corridor and enjoy substantial federal and/or incentives through Virginia’s Department of Historic Resources (DHR).
Real Estate Tax Exemption Program
Similarly, property owners who rescue, repair, or rehabilitate qualified older buildings in the City may be eligible for substantial estate tax relief through the City’s Real Estate Tax Exemption program.
Get In Touch
Want to learn more about opportunities in Roanoke’s Innovation Corridor? Reach out to Bradley Boettcher, Innovation Administrator of Roanoke’s Economic Development Office for more information.
