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2020 | 2019 | 2018 | 2017

Norfolk, VA Revenue Losses from Subsidy Programs

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Program Namesort icon Program Type Gross Revenue Loss Reimbursement / offset Net Revenue Loss Type of Loss
Technology Zone Technology $0 $0 $0 Active
Tax Increment Financing (TIF) (data not yet retrieved) $5,266,000 $0 $5,266,000 Active
Tax Abatement Program Property improvements $2,448,701 $0 $2,448,701 Active
New Business License Incentive Program Economic development $12,424 $0 $12,424 Active
Local Utility Tax Relief Economic development $2,725 $0 $2,725 Active
Economic Development Program Business attraction/retention $1,858,476 $0 $1,858,476 Active
TABULATED TOTAL $9,588,326 $0 $9,588,326