Incentives & Grants

Overview


The Town of Ashland and the Ashland Economic Development Authority administers numerous grant, loan, and incentive programs. Grant and loan programs are competitive and no applicants are guaranteed financial awards.


Special Tax Relief Districts

  • Arts & Culture District

    - application
    This overlay district provides BPOL tax relief to arts organizations and businesses as well as signage flexibility and waved fees. The district is centered around Ashland's historic downtown district.
  • Tech

    nology Zone

    - application
    This overlay district rewards capital improvements and job creation with BPOL tax relief.

Economic Development Authority (EDA) Loans & Grants

 
  • Infrastructure Forgivable Loan -
    The Infrastructure program is designed to assist business and property owners with costs associated with site-readiness infrastructure such as water and sewer. The loan can be forgiven if the awarded applicant satisfies all goals and objectives set forth in the approved plan.


  • Demolition Forgivable Loan - application
    In appropriate circumstances, funds for demolition can be granted from the EDA. As with the Infrastructure program, the loan can be forgiven if the awarded applicant satisfies all goals and objectives set forth in the approved plan.


  • Revitalization Grant - application
    This program is designed to support reinvestment in distressed or historic properties. Scoring priority is given to those projects considering a scope of significant restoration or for properties in a high-visibility corridor. This is a rolling grant program with no deadline for submission.


This program is designed to support businesses in Town.  This incentive provides a reimbursement of not more than $500.00 toward the wages for an intern placed through Randolph-Macon College's The Edge Career Center.  This program is offered on a first-come, first-served basis to qualified businesses.



Town Administered Programs

  • Facade Enhancement Grant

    - application
    For property or business owners investing in exterior overhaul projects. Depending on the number of applicants and amount of awards, this grant may be opened in one or two rounds within a fiscal year. The scoring sheet and program guidelines can be found here.