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Please note that data are cataloged by fiscal years. For more info see our user guide.

City of Norfolk, VA Revenue Losses from Subsidy Programs

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YearProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2017Economic Development ProgramGeneral Economic Development$1,117,238$0$1,117,238Active
2018Economic Development ProgramBusiness attraction/retention/expansion$1,858,476$0$1,858,476Active
2019Economic Development ProgramBusiness attraction/retention/expansion$3,664,052$0$3,664,052Active
2020Economic Development ProgramBusiness attraction/retention/expansion$3,342,571$0$3,342,571Active
2017Local Utility Tax ReliefGeneral Economic Development$3,157$0$3,157Active
2018Local Utility Tax ReliefGeneral Economic Development$2,725$0$2,725Active
2019Local Utility Tax ReliefGeneral Economic Development (EZ)$2,916$0$2,916Active
2017New Biz License Incentive ProgramGeneral Economic Development$15,231$0$15,231Active
2018New Business License Incentive ProgramGeneral Economic Development$12,424$0$12,424Active
2019New Business License Incentive ProgramBusiness attraction/retention/expansion$39,164$0$39,164Active
2017Tax Abatement ProgramGeneral Economic Development$2,051,933$0$2,051,933Active
2018Tax Abatement ProgramProperty improvements$2,448,701$0$2,448,701Active
2019Tax Abatement ProgramProperty improvements$2,919,370$0$2,919,370Active
2020Tax Abatement ProgramProperty improvements$3,365,594$0$3,365,594Active
2017Tax Increment Financing (TIF)General Economic Development$1,398,409$0$1,398,409Active
2018Tax Increment Financing (TIF)(not specified)$5,266,000$0$5,266,000Active
TABULATED TOTAL$27,507,961$0$27,507,961