Financing Programs

There are a number of unique incentive and financing programs available in Southwest Virginia’s e-Region designed to encourage the creation of new jobs and economic diversification.

The Virginia Coalfield Economic Development Authority (VCEDA) provides low-interest loans to for-profit basic employers and industrial development authorities, seed capital matching grants for start-ups and small businesses, and loans and/or grants for renewable energy projects in Virginia’s e-Region.  

Other incentive and financing programs are operated by the Virginia Tobacco Indemnification and Community Revitalization Commission, the Virginia Economic Development Partnership, the Virginia Small Business Financing Authority, and countless other organizations. 

For more information on Virginia tax incentives, click here.

All incentives and financing programs are subject to certain eligibility, application, due diligence, and approval requirements.

Neeka Skincare, LLC, a Seed Capital funded business

Current Financing Programs

Coalfield Economic Development Fund

VCEDA’s primary financing program is the Coalfield Economic Development Fund, which is primarily a revolving loan fund designed to provide low-interest loans for fixed-asset needs.

Renewable Energy Fund

VCEDA operates a Renewable Energy Fund to help attract new green jobs and investment to Southwest Virginia's e-Region and to help diversify its economy.

Seed Capital Fund

Recognizing the role that small business and entrepreneurs play in communities, VCEDA created the Seed Capital Matching Fund.

Tourism Fund

The VCEDA Tourism Capital Improvement Matching Fund is a loan and grant program designed to assist with the development of tourism-related capital improvements that are part of larger regional tourism initiatives that will enhance the region’s economy.

Revolving Loan Fund

VCEDA operates several revolving loan funds (RLFs), each with a unique history and purpose.

Workforce Development Fund

VCEDA’s Coalfield Workforce Development and Training Fund is a source of loan and/or grant funds to assist with workforce development and training in Southwest Virginia’s e-Region.

Telehealth Fund

The VCEDA Telehealth Fund is a grant fund established to help address telehealth and telemedicine needs in the VCEDA region.

Other Financing Programs