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City of Virginia Beach, VA Revenue Losses from Subsidy Programs

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YearProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2016Business License Incentive ProgramGeneral Economic Development$489,874$0$489,874Active
2017Business License Incentive ProgramGeneral Economic Development$541,215$0$541,215Active
2018Business License Incentive ProgramGeneral Economic Development$319,900$0$319,900Active
2019Business License Incentive Program (BPOL)Business attraction/retention/expansion$410,812$0$410,812Active
2020Business License Incentive Program (BPOL)General Economic Development$516,954$0$516,954Active
2021Business License Incentive Program (BPOL)General Economic Development$350,220$0$350,220Active
2018PPP - 25th St Parking Garage and iFlyGeneral Economic Development$87,353$0$87,353Active
2020PPP - 25th St Parking Garage and iFlyGeneral Economic Development$61,155$0$61,155Active
2021PPP - 25th St Parking Garage and iFlyGeneral Economic Development$91,003$0$91,003Active
2018PPP- Field HouseGeneral Economic Development$143,514$0$143,514Active
2020PPP- Field HouseGeneral Economic Development$68,360$0$68,360Active
2016Pub Priv Part - 25th St Garage/iFlyGeneral Economic Development$98,345$0$98,345Active
2017Pub Priv Part - 25th St Garage/iFlyGeneral Economic Development$85,839$0$85,839Active
2016Pub Priv Partnership - Field HouseGeneral Economic Development$153,112$0$153,112Active
2017Pub Priv Partnership - Field HouseGeneral Economic Development$145,643$0$145,643Active
2019Public Private Partnerships - 25th Street parking Garage and iFLYTourism development$85,820$0$85,820Active
2019Public Private Partnerships - Field HouseMusic, arts, or recreation$136,307$0$136,307Active
2020Tourism Development Financing Program (TDFP) - CavalierTourism development$1,401,369$0$1,401,369Active
2020Tourism Development Financing Program (TDFP) - CavalierTourism development$174,943$0$174,943Active
2021Tourism Development Financing Program (TDFP) - CavalierTourism development$1,509,882$0$1,509,882Active
2021Tourism Development Financing Program (TDFP) - CavalierTourism development$417,173$0$417,173Active
2019Tourism Development Financing Program (TDFP) CavalierTourism development$1,070,896$0$1,070,896Active
2018Tourism Development Financing Program - CavalierTourism development$1,137,383$0$1,137,383Active
2018Tourism Development Financing Program - CavalierTourism development$17,873$0$17,873Active
2016Yes Oceana -APZ 1General Economic Development$61,460$0$61,460Active
2017Yes Oceana -APZ 1General Economic Development$50,320$0$50,320Active
2018Yes Oceana APZ-1 IncentivesBusiness attraction/retention/expansion$43,598$0$43,598Active
2019Yes Oceana APZ-1 IncentivesGeneral Economic Development$67,747$0$67,747Active
2020Yes Oceana APZ-1 IncentivesBusiness attraction/retention/expansion$56,204$0$56,204Active
2021Yes Oceana APZ-1 IncentivesBusiness attraction/retention/expansion$55,647$0$55,647Active
TABULATED TOTAL$9,849,921$0$9,849,921