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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|
|Technology Zone||Business attraction/retention||$0||$0||$0||Active|
|Tax Abatement Program||Residential improvement||$2,919,370||$0||$2,919,370||Active|
|New Business License Incentive Program||Business attraction/retention||$39,164||$0||$39,164||Active|
|Local Utility Tax Relief||Economic development (EZ)||$2,916||$0||$2,916||Active|
|Economic Development Program||Business attraction/retention||$3,664,052||$0||$3,664,052||Active|