APZ-1 Conforming Use and Non-Conforming Use Relocation Incentives
For those businesses that conform to APZ-1 uses, the City of Virginia Beach can offer the following incentives to facilitate a move or expansion in this area of the City.
Waiver of Conditional Use Permit
In order to qualify, the proposed use must conform to certain design criteria intended to ensure an organized and aesthetically pleasing appearance that would not adversely affect residential neighborhoods or other property in the area. By avoiding the necessity of obtaining a conditional use permit from the City Council, a proposed project can receive all necessary City approvals in a significantly shorter period of time than if a use permit is required.
Business Opportunity Zone – Rebates BPOL Taxes and Fees
In order to qualify for the rebates, a proposed conforming business must be located in APZ-1 and conform to the design criteria mentioned above.
Partial Property Tax Exemption
The difference in the assessed value of the building before and after renovation is subject to real estate tax forgiveness for a period of 15 years.
Forms may be submitted online here, faxed, or mailed to the Virginia Beach Department of Economic Development.
Virginia Beach Department