Direct Incentives


Richmond has a direct incentive program, which may be used to provide cash grants to qualifying projects and companies.

The Development Corporation of Richmond (DCR) is a type 4B economic development sales tax corporation. The DCR is able to provide cash grants on a case by case basis to eligible companies. Eligibility is determined by several factors including the level of capital investment, number of jobs created, the average wage of the jobs created, and other pertinent factors.