Qualifying businesses in the City of Williamsburg are eligible for the Major Business Facility Job Tax Credit if they create at least 25 new full-time jobs in a non-retail trade industry. This is fewer than the statewide requirement of 50 new full-time jobs in a non-retail trade because the City of Williamsburg is considered an "economically distressed" locality.
Through this program, qualifying businesses receive a $1,000 corporate income tax credit for each new full-time job created over the threshold number of jobs. For more information view the Major Business Facility Job Tax Credit Components (PDF).
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