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Committee reauthorizes enterprise-zone cooperation agreement, increases machinery-and-equipment rebate cap
5955120 · October 16, 2025
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Summary
The finance committee recommended approval of an agreement reauthorizing the city’s enterprise zone program administration through the Economic Development Authority and raising the maximum machinery-and-equipment rebate from $5,000 to $10,000.
The finance committee voted to forward an ordinance reauthorizing the cooperation agreement that lets the Economic Development Authority administer Richmond’s local enterprise zone program and to increase the maximum machinery-and-equipment rebate from $5,000 to $10,000.
Jacqueline Teamer of the Department of…
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