Small Business New Jobs Program
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The Small Business New Jobs Program supports existing Virginia companies
which have 250 employees or less companywide. In order to qualify for assistance
under the Small Business New Jobs Program, a company must be:
- Creating at least 5 net new jobs within 12 months from the date
of the first hire.
- Making a new capital investment of at least $100,000 associated
with the start up or expansion.
- Paying a minimum entry-level wage rate of $10.00 per hour. In areas
that have unemployment of two times or more the state level, this wage minimum
may be waived. Only full-time jobs are eligible for funding.
Contact VJIP for more information.
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