Lancaster Kilmarnock extends enterprise zone for future commercial development

The recent government meeting in Lancaster County, Virginia, focused on the regional enterprise zone, which includes both Lancaster and Kilmarnock. The enterprise zone is a designated geographical area aimed at promoting economic development through state incentives provided by the Department of Housing and Community Development.

During the meeting, officials discussed the structure of the enterprise zone, which can consist of up to three non-contiguous areas. The primary incentives include a job creation grant requiring the creation of at least five jobs and a real property investment grant that necessitates a minimum investment of $100,000.

The meeting highlighted the current boundaries of the enterprise zone, which are visually represented in a map showing areas in orange, blue, red, and white. Kilmarnock administers its own zone, but for reporting purposes, it is treated as a single entity with Lancaster County. The main zone is located in the Upper County, with additional non-contiguous zones along Route 200 and Route 3.

Officials announced that they have successfully applied for a renewal of the enterprise zone for an additional four years, with the possibility of extending it for another four years thereafter. They also plan to work with the Department of Housing and Community Development to modify the zone boundaries. This modification aims to include parcels that are anticipated for development, aligning the zone more closely with the Tri Way Veil area and enhancing commercial development opportunities.

The discussions at this meeting underscore the county's commitment to fostering economic growth and development through strategic planning and state-supported incentives.