The Virginia Jobs Investment Program (VJIP) is a discretionary program that provides consultative services and funding to companies creating new jobs or experiencing technological change to reduce the human resource development costs for new companies, expanding companies, and companies retraining their employees.

Funding for each net new full-time job created or full-time employee retrained is based on a customized budget determined by an assessment of the company’s recruiting and training activities, as well as the project’s expected benefit to the Commonwealth, and is subject to approval by the Secretary of Commerce and Trade.

Funding is reimbursable 90 days after the trainee is hired (for new jobs programs) or after the retraining activity has occurred (for retraining programs).

In addition to direct funding to offset a company’s recruitment and training costs, VEDP offers human resource consultative support at no charge.

Call Jeff Reed at 434.738.2544 or 434.265.2382 with questions pertaining to incentives.

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