Thursday, February 24, 2022

Many businesses report that grants are not an important factor in location or expansion decisions

See Workforce and Small Business Incentives.

"Neither VJIP nor the Small Business Jobs Grant appears to be a decisive factor for many businesses to locate or expand in Virginia, according to a survey of businesses. Seventy-four percent of businesses that received a VJIP grant and 83 percent of businesses that received a Small Business Jobs Grant reported that they would have proceeded with the project in Virginia even if the grant had not been available. Some of these projects, however, would have proceeded at a smaller scale (45 percent of VJIP projects and 40 percent of Small Business Jobs Grant projects). However, businesses that received a grant from the VJIP or Small Business Jobs Grant programs between FY10 and FY17 reported in a survey that the grant was important in their decision to train workers and it resulted in workforce improvements."

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