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Program Description

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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