Grants and free programs for small businesses in Virginia

TVA Economic Development Performance Grants (including Special Opportunities County and Workforce+)

Tennessee Valley AuthorityFor businessesOnly in 7 states: TN, AL, GA, KY, MS, NC, VA

TVA's Valley Incentive Programs include Performance Grants paid directly to companies for competitive economic development projects that create jobs in the seven-state Tennessee Valley, with amounts based on the project's five-year economic impact and set at TVA's discretion. The Special Opportunities County (SOC) Performance Grant supports smaller projects in counties with greater economic need, and Workforce+ funds companies' talent pipeline plans. Companies work with TVA Economic Development and their local power company.

What you get

Amount not stated (based on five-year economic impact)

Who qualifies

• Company locating or expanding with a competitive economic development project in the TVA service region (all of Tennessee and parts of Alabama, Georgia, Kentucky, Mississippi, North Carolina and Virginia)
• Funding is discretionary and based on the project's five-year economic impact and power-system metrics
• SOC grants target smaller projects in designated counties with greater economic needs; Workforce+ requires an approved talent pipeline development plan

How to apply

1. Contact TVA Economic Development (EconDev@TVA.com) or your local power company's economic development staff about your project
2. Work with TVA's team to build the project profile used to set incentive levels
3. If approved, the grant is paid directly to the company

Program page checked on October 16, 2026. The amount or dates aren't published, so confirm them on the program page.