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2020 | 2019 | 2018 | 2017
Norfolk, VA Revenue Losses from Subsidy Programs
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| Program Name | Program Type | Gross Revenue Loss | Reimbursement / offset | Net Revenue Loss | Type of Loss |
|---|---|---|---|---|---|
| Economic Development Program | Economic development | $1,117,238 | $0 | $1,117,238 | Active |
| Local Utility Tax Relief | Economic development | $3,157 | $0 | $3,157 | Active |
| New Biz License Incentive Program | Economic development | $15,231 | $0 | $15,231 | Active |
| Tax Abatement Program | Economic development | $2,051,933 | $0 | $2,051,933 | Active |
| Tax Increment Financing (TIF) | Economic development | $1,398,409 | $0 | $1,398,409 | Active |
| Technology Zone | Economic development | $0 | $0 | $0 | Active |
| TABULATED TOTAL | $4,585,968 | $0 | $4,585,968 |
