Incentives

Opportunity Grant Program

A source of grant funds to create or preserve jobs within the Oil Region.

Eligibility: Firms, or IDCs and municipalities on behalf of firms, that will create or preserve a significant number of jobs within the Oil Region in the following sectors: manufacturing; industrial; research and development; agricultural processors; export services; or firms establishing a national or regional headquarters in the Region.

Uses: Machinery and equipment; working capital; job training; infrastructure; land and building improvements; environmental assessment and remediation; acquisition of land, buildings and right-of-ways; site preparation, demolition and clearance
Amounts: No minimum or maximum grant amounts

Terms: Projects must offer substantial economic impact, either for the Commonwealth as a whole or for the locality or region in which the company will locate or expand its current operations; 4:1 private match required; Job creation/preservation requirements

Back to Incentives