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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|