County Sets $920,000 to Fund Economic Development Incentives


credit: China.org

Isle of Wight has allocated $920,000 to fund economic development incentives and grants as part of the county's efforts to attract larger businesses to the county and encourage existing businesses to expand.

The incentives would aid in providing the county more leverage when consulting with a company that is pursuing to locate a facility in Isle of Wight.

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Federal Programs Related to - Regional Economic Development

Programs that provide technical assistance, venture capital, loans, loan guarantees or other forms of management support to encourage the establishment and growth of business and industry in a particular region of the United States.

Federal Programs Related to - Public, Society Benefit, General/Other

Programs that focus on promoting the effective functioning of government, public administration and public officials and support or provide services required for the effective functioning of society's infrastructure.

    Federal Programs Related to - Community Economic Development

    Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses.

    Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones



    Adam Braun, founder of Pencils of Promise, is giving nonprofits a no-nonsense way to bring entrepreneurship to the next level. Pencils of Promise is a philanthropic organization that focuses on forming sustainable educational programs, and forging long-lasting, partnerships with communities. The organization aims to increase access to quality education and impact students and their families in high-need communities throughout Laos, Ghana and Guatemala.




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