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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|
|Tax Increment Financing (TIF)||(data not yet retrieved)||$5,266,000||$0||$5,266,000||Active|
|Economic Development Program||Business attraction/retention||$1,858,476||$0||$1,858,476||Active|
|Local Utility Tax Relief||Economic development||$2,725||$0||$2,725||Active|
|New Business License Incentive Program||Economic development||$12,424||$0||$12,424||Active|
|Tax Abatement Program||Property improvements||$2,448,701||$0||$2,448,701||Active|