Tourism Development Financing Program

Virginia Tourism Corporation Partnership Alliance Marketing is focused on increasing visitor spending in Virginia through uniting Virginia’s tourism community of small businesses, attractions, corporations, associations and agencies. They focus on the extra-ordinary, never being satisfied with mediocrity when it comes to serving Virginia communities and representing the Commonwealth of Virginia.

Partnership Marketing is working closely with communities throughout Virginia to 1) Listen 2) Support and 3) Get work accomplished through marketing, education and product development.

The Virginia Main Street Program is a preservation-based economic and community development program that follows the Main Street Four-Point Approach™ developed by the National Trust Main Street Center. Virginia Main Street offers a range of services and assistance to communities interested in revitalizing their historic commercial districts. While the program was designed to address the need for revitalization and on-going management of smaller to mid-sized downtowns, aspects of the Main Street Approach™ may be applied successfully in other commercial settings.

The Industrial Revitalization Fund (IRF) leverages local and private resources to achieve market-driven redevelopment of vacant and deteriorated industrial and commercial properties.

The program is targeted toward vacant industrial structures whose poor condition creates physical and economic blight to the surrounding area in which the structure is located. Eligible properties shall include those formerly used for manufacturing, warehousing, mining, transportation and power production, as well as large-scale white elephant structures, such as department stores, theaters, hotels and shopping centers. Structures whose original intended use was solely residential are not eligible.

Remnants of past economic vibrancy and local economies in transition, these structures are no longer suited for their former purpose, and in their current deteriorated condition, stand as a significant deterrent for future economic opportunity in the surrounding area and region. The maximum level of funding is $500,000.