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2022 VIRGINIA ENTERPRISE ZONE PROGRAM Real Property Investment Grant Qualification Form Print on 8 1/2" x 11" paper for your own records. Please read the 2022 Real Property Investment Grant Instruction Manual before completing this form. |
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Form EZ-RPIG |
PART I: BACKGROUND INFORMATION |
1. Qualified Zone Investor's Legal Name
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2. Type of Zone Investor (check one)
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4. Physical Address of Zone Establishment
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5. Real Property Use Classification (check one)
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6. Type of Real Property (check one)
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7. Type of real property investment that was made
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8. Property Identification Number(s)
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9. Zone Name
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10. Zone #
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11. Zone Designation Date
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12. Name of Local Zone Administrator
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13. Must upload Local Zone Administrator Review in Part IX. Check to confirm the LZA Review document is signed and uploaded. |
14. Narrative Summary: See RPIG Manual for Instructions (*maximum characters allowed: 1500)
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PART IV: QUALIFICATION INFORMATION |
1. |
Date Real Property placed in service (MM/DD/YYYY)
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To verify this date upload (in Part IX below) a copy of the final Certificate of Occupancy, Final Building Inspection (approved by local jurisdiction), or a licensed third party inspector's report in cases where project did not require a permit. When submitting a licensed third party inspector's report, upload (in Part IX below) a letter from the locality verifying that project did not require any permits. |
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1 |
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2. |
Qualification is requested for calendar year (YYYY) |
2 |
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3. |
Grant Calculation |
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A. |
Actual dollar amount of qualified real property investments made by applicant. |
3A $ |
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B. |
Applicable investment threshold based on the type of real property investment. |
3B $ |
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C. |
Amount of public grant funds received and used to fund qualified real property investments. |
3C $ |
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D. |
Grant eligible dollar amount. (Line 3A minus Line 3B and Line 3C) |
3D $ |
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E. |
Multiply line (D) by 20%. This is the amount of grant the zone investor is requesting.
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For investments (line A) less than $5 million, this amount cannot exceed $100,000. |
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For investments (line A) of $5 million or more, this amount cannot exceed $200,000. |
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3E $ |
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4. |
Real Property Investment Grants previously issued to building or facility.
see RPIG Award Schedule to complete this section. |
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A. |
Have real property investment grants been awarded to the building or facility in the last four years?
If yes, complete section B. |
4A |
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B. |
If yes, indicating the total amount received in previous years.
The sum of Line 3E and Line 4B shall not exceed the applicable $100,000 or $200,000 investment, per the regulations in Line 3D. |
4B $ |
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PART VI: APPLICATION INFORMATION |
Check the boxes below that apply to your application submission. |
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PART VII: DECLARATION |
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KEEP A COPY OF THIS FORM FOR YOUR RECORDS. The Department may at any time review qualified zone investors records related to qualification to assure that information provided in the application process is accurate. Qualified zone investors shall maintain all documentation regarding qualification for Enterprise Zone incentive grants for a minimum of three years following the receipt of any grant. Real Property Investment Grants that do not have adequate documentation regarding qualified real property investments may be subject to repayment by the qualified zone investor. |
The application form(s), final CPA attestation report, and all required documentation are due by April 1st of the calendar year subsequent to the grant year
(Part IV, Item 2). Applications submitted by April 1st without the required attestation report shall be considered late applications. If the April 1 deadline falls on a weekend or holiday, applications are due the next business day. |
All documents MUST be submitted electronically through the EZ Submission System/Portal. Hard copies are NOT accepted. |
Any applications submitted without the required CPA attestation report or submitted after the due date but
before May 15th of the calendar year subsequent to the qualification year will be held until the Department
determines that funds remain without the need to prorate on-time grant awards. At such time, the Department will
review and process such applications on a first-come, first served basis. |
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PART VIII: COMMENTS |
Please enter your notes here: |
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