EDA to pitch Tourism Zone incentives for U.S. 1 area to Community Development Committee

HANOVER COUNTY, Va. — Economic Development and Tourism staff will present a Tourism Zone proposal and incentive options to the Community Development Committee later in August, the EDA heard at its Aug. 12 meeting.

Secretary Brandon Turner said the tentative Tourism Zone would lie in a U.S. 1 area roughly bordered by the Hanover/Henrico line, Interstate 95, Lewistown Road and Route 1. He told members the zone and incentives are intended to encourage strategic development, and that if approved by the appropriate bodies some large projects could be eligible for partial state sales-tax reimbursement.

Turner did not provide proposed incentive parameters or projected fiscal impacts during the meeting; staff indicated the Community Development Committee would receive the criteria and options first.