portsmouth va business investment grants. View The Virginia Enterprise Zone (VEZ) Tax Exemption Programs FY24 Business Investment Grant Check Presentation. portsmouth va business investment grants

 
 View The Virginia Enterprise Zone (VEZ) Tax Exemption Programs FY24 Business Investment Grant Check Presentationportsmouth va business investment grants  Real Estate Tax

As a service to. ) Step Two. Starting or expanding a business often requires a substantial financial investment. Log In Sign Up. The Portsmouth Economic Development team can help you find the best location for your business. Act as an intermediary point of contact and liaison for companies and coordinators. (with Va. Town Point Club One-on-One Business Counseling (Eastern Virginia Region) Thu, Dec 21 • 9:00 AM Chesapeake Economic Development View 3 similar results Board Game Night. Investors can make investments in low-income census tracts [IRC Section 45D (e)] as designated by the U. The fiber ring project offers direct access to top-of-line speeds that are pivotal for many of the technical organizations in our business community. Economic Development. Category. Business Investment. VEZ accomplishes this by designating Enterprise Zones throughout the state and providing two grant-based incentives, the Job Creation Grant (JCG) and the Real. Apartment living is exceptionally convenient, and when you rent an apartment here, you get the perfect blend of convenience and comfort. Location of This Business 524 Lake Shores Dr, Portsmouth, VA 23707-1355. Grants are made to a political subdivision for a project under the following conditions: The business beneficiary is creating new capital investment and jobs in Virginia The business beneficiary is a facility that produces “value-added agricultural or forestry products”The smart move for business. In addition to regional grants, Founders First created the Stephen L. There are separate sections for:. Leesburg Investment II LLC: Comfort Suites:. As a service to. Only two of those applicants, including the Portsmouth, were first-time applicants, and just 32 were awarded the funds. Impact. The grant will allow them to embark on a groundbreaking decarbonisation project with Brittany Ferries, alongside the University of. Commonwealth Commercialization Fund (CCF) Virginia Innovation Partnership Corporation. Aug 22, 2023. m. All programs are funded through Community Development Block. Virginia Small Business Grants. The Infrastructure Investment and Jobs Act signed into law on November 15, 2021 increased the available PAB authority from $15 billion to $30 billion. The. Based on Redfin's Portsmouth. Step Three. With local, state, and regional grants and incentives and a diverse business finance community, your business is positioned to grow. Applications will open on January 1 and the round closes on January 31. Applications. Employer Identification Number (EIN) 571148979. Qualifying businesses within these zones may apply for a number of incentive opportunities. Subsection. Discover Chamber of Commerce in Portsmouth, VA. Business Investment Grants The Virginia Enterprise Zone (VEZ). 59 Portfolio Finance jobs available in Norfolk, VA 23521 on Indeed. Maritime Administration detailed an additional $703 million in grants to improve port infrastructure and strengthen the national. Donor Name: Portsmouth Economic Development State: Virginia City: Portsmouth Type of Grant: Grant Deadline (mm/dd/yyyy): 06/30/2022 Size of the Grant: $25,000 Grant Duration: 5 years Details: The Real Property Investment Program is. When you enroll in our Savings Made Simple program, you'll save money every time you swipe your Southern Bank debit card. which distributes $1,000 monthly grants to women with a range of small business ideas. 8088 [email protected]@mbda-virginia. Water Charge: Key Industries. By statute, the Job Creation Grants (JCGs) receive funding priority. m. 200 High Street, Suite 200 Portsmouth, VA 23704 AccessPortsmouthVA. Aug 22, 2023. Board of Directors. Grants are made to a political subdivision for a project under the following conditions: The business beneficiary is creating new capital investment and jobs in Virginia The business beneficiary is a facility that produces “value-added agricultural or forestry products”The scheme ties in with the wider equality, diversity and inclusion priority at Portsmouth City Council that looks to bring communities together, to allow for a thriving and diverse Portsmouth. Would you like to. Step Three. Portsmouth City Council is fully inclusive and strives to enhance equality of. For more information regarding this program and to find out if your business project may be eligible, please contact the Director of Development at (757) 391-2910 or at [email protected], VA is ranked the #276 place to invest in VA. The Hampton Roads Workforce Council (HRWC) is a special purpose unit of local government that oversees workforce development programs and initiatives for the Cities of Chesapeake, Franklin, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, Williamsburg, and the Counties of Gloucester, Isle of Wight, James City,. It is a training organization with its objective being to produce responsible civic leaders for the community by exposing, educating, and involving its members in all facets of community life. 4. LOCAL INCENTIVES PROGRAM . Creation, administration, and management of the Small Business Investment Grant Fund. 19, 2020. Portsmouth is home to every. Rural Business Strategy; Loudoun, VA Made – Loudoun, VA Grown Logo; Loudoun Farm Exchange; Aviation & Transportation. Program Guidelines . Vistaprint 99 Days of Design: Grants of £12,000 for SMEs seeking to rebrand themselves. Business Investment. are provided to help established businesses create jobs, retain existing “at risk” jobs and. (Nov. Grant amounts can vary from event. Service. These investment products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Northeast Credit Union. C. Software Development Company to Expand in Virginia. Talk with a Veterans United VA Loan Expert at 855-259-6455 for a closer look at your specific scenario. Investors can make investments in low-income census tracts [IRC Section 45D (e)] as designated by the U. Focused on early stage investments, they typically invest between $250,000 and $1 million. Adopted 6/13/23. Form CRO3 is to be completed and submitted with each payment request. Further information can be found in the Community inclusion grant guide. Filter by. SBA provides grants to nonprofit, Resource Partners, and educational organizations that support entrepreneurship through counseling and training programs. 1. gov For City use, do not complete below this line APPLICATION NUMBER: APPLICANT: PROJECT NAME: Different grants cater to various business aspects, so pinpoint your requirements to narrow down your search. Nav850 at Olde Towne offers a unique community of suburban-style luxury apartments for rent. If you have any questions about obtaining a business license in the City of Portsmouth, please contact the business unit at 757-393-8771 or scottc@portsmouthva. m. About Search Results. were looking for a new location to be home to their growing business, they found the perfect spot in the Churchland area of Portsmouth. - 5 p. Personal Property Tax. Organizations receiving grants focused on Northern Virginia included Fairfax County-based Community Business Partnership,. Applications with grant funding requests less than $10,000 may be approved through an Portsmouth Economic Development is here to help you with all of your business launch needs and we want you to start smart. We look forward to helping you build your business in 2023. Posted on: September 4, 2020, 11:02h. Table of Awarded Special Item Numbers (SINs) SIN DescriptionGrants, Funds & Finance. Wednesday morning, a joyful Banks called 10 On Your Side to report the grant of $312,634 is a done deal. m. com. The EDA is comprised of seven (7) City Council-appointed Commissioners serving staggered four (4) year terms. The Peoples Bank Foundation turns 20 years old in 2023, and we are proud to report that the Foundation has awarded over $3 million in grants and scholarships from 2018 - 2022. Free and open company data on Virginia (US) company Pyramid Investment Group, Inc. 00 million dollars in grants and additional local government funding sources of $8,970. We provide housing without discrimination on the basis of race, color, religion, sex, physical or mental handicap, familial status, national origin, or other protected class. Subscribe To Our Mailing List. 4 million in FY22 Bridge Planning Grants will go to 23 projects in 23 states to create a long-term pipeline of construction-ready bridge projects President Biden, U. 7 million in City of Virginia Beach headquarters, creating 307 new jobs Virginia Beach, Va. - 5 p. Navy Federal on Facebook;. To inspire teammates to give even more, in 2022 on “Giving Tuesday,” Atlantic Union Bank provided each teammate with $25 to a cause they were passionate about. 75 Finance Leadership Development Program jobs available in Churchland, VA on Indeed. Completion & submission of Real Property Investment Grant Application to Portsmouth. Minneapolis, Minn. 2005 GIFTS AND GRANTS. Portsmouth, VA. Community and Regional Organizations (CRO) Grants . Completion & submission of Real Property Investment Grant Application to Portsmouth. The U. 5 stars . - 5 p. The SBA doesn’t invest directly into small businesses, but it does provide funding to qualified SBICs with expertise in certain sectors or industries. PSL Scholarship. ) Step Two. PORTSMOUTH, Va. Provides a database of grants, fellowships, and funding opportunities from various sources, including government, foundations, and corporations. 10300 Eaton Place. These grants aid in developing clearly articulated strategies for addressing a locality’s greatest community development needs following meaningful citizen participation. ) Step Two. 56 Finance Leadership Development Program jobs available in Lansdale, VA on Indeed. August 8 - 14, 2020. , Program Support. com 757. 3C $ D. Maine Community Foundation (Equity Fund) Maine Community Foundation works with donors and other partners to improve the quality of life for all Maine people. To stimulate inclusive economic growth by enhancing our business climate and fostering a diverse workforce to grow the tax base and fuel the prosperity of Norfolk. August - October 21. Business Registrations & Certifications. Real Estate Tax. Dominic Paul Lascara. com. Treasury. As part of Portsmouth’s New Entertainment District, the complex will feature a casino, a sportsbook, a hotel, event and conference venues. 12 Awards and Grants to Other Agencies 13 All Other (Please explain in “Notes” below) Total C. Across the nation, Margie Brennan, science coordinator for the Portsmouth School Department, said there were 75 applicants who applied for grants in 2021. 00 million dollars in grants and additional local government funding sources of $8,970. Funding is intended to increase opportunities for residents to experience high-quality performing arts events. SWaM Business Microloan Fund Application 04/02/2021 Page 1 Program Guidelines Short-term loans The Virginia Small Business Financing Authority's (VSBFA) SWaM Business Microloan Fund is designed to assist Virginia’s existing small businesses. For further details and to request an application form, please email growthgrant@swansea. Housing Choice Vouchers and Low-Income Public Housing are the two main housing assistance programs available through PRHA. Donor Name: Portsmouth Economic Development State: Virginia City: Portsmouth Type of Grant: Grant Deadline (mm/dd/yyyy): 06/30/2022 Size of the Grant: $25,000 Grant Duration: 5 years Details: The Real Property Investment Program is. ~ Facility represents an $84 million investment that will spur economic and job development in Portsmouth, Virginia ~. The funded projects will revitalize historic commercial districts, expand small businesses and bolster. Eventbrite - Portsmouth Economic Development presents EDA Business Investment Grants Information Session (Virtual & In-Person) - Thursday, October 12, 2023 at 200 High Street Suite 201, Portsmouth, VA, USA, Portsmouth, VA. 1 star and up . Navy Federal Investment Services; Business Solutions; Mobile Banking; 24/7 Member Services: 1-888-842-6328 Routing Number: 256074974. SBA loans for growing your business. · You own a home in the City of Portsmouth · Your home was built before 1978 and is suspected to have lead, and · You (or your tenant) meet income eligibility guidelines, For example, the total income for the household must be less than $47,350 (for a 1-person household), $54,100 for a 2-person household) and $60,850 (for a 3-person household). 3 stars and up . KCD7465 wrote: Mercy Chefs is a 501 (c)3 non-profit organization dedicated to providing hot meals to victims and volunteers in disaster and other desperate situations. Parking Instructions: Park in the Middle Street garage, 441 Middle St, Portsmouth, VA 23704. 3 followers. Zillow has 5 photos of this $-- -- beds, 2 baths, 1,777 Square Feet single family home located at 1411 Quiet Ct, Portsmouth, VA 23701 built in 1972. m. Whether you are managing startup costs or working to grow and expand, investing in your business is a constant process. Multiply line (D) by 20%. Small Business and Startups. Second Service Foundation. Entrepreneurship is alive and well in Portsmouth and the small business community is a vital component of what makes our City thrive. Mercy Chefs. 723 Woodlake Drive – Chesapeake, VA 23320 Phone: 757. Applications with grant funding requests less than $10,000 may be approved through anCaesars Entertainment’s $650 million investment in Danville isn’t expected to be ready before 2024, either. But come January, Rivers Casino Portsmouth will greet patrons with 1,448 slot. Founded 1912; Incorporated VA; Annual Revenue $739,858. Navy Federal on Facebook;. Tracking # 1-05026674 Pay. Find event and ticket information. Fiserv + Clover Back2Business Grant Program: This program provides grants to Black and minority-owned small businesses in certain cities that have been affected by Covid-19. The 2nd round of FY 2024 EDA Business Investment Grants open on October 1st! Apply to receive up to $25,000 in grant funding. As a community bank, we are dedicated to giving back via sponsorships, donations, and volunteer efforts. SBICs invest in small businesses in the form of debt and equity. Published Oct 28, 2022 6:16 PM by The Maritime Executive. Location of This Business 432 Robin Road, Portsmouth, VA 23701. Application Process Information . 85 million TEUs. The Warrant Realty team is active in both the business and veteran community. Portsmouth, VA 23704. The entire Portsmouth Economic Development team is ready to support your business's success. There is currently a total of 2,922,463 square feet of commercial space for lease or for sale in Portsmouth, VA across 33 listings and 39 unique spaces. Second Service Foundation. 2023-56. Phone: (757) 399-5261 | After Hours: (757) 875-9262 | Fax: (757) 399-8697 | TDD (800) 545-1833 Ext. m. This is the amount of grant the zone investor is requesting. org. We are one of 35+ local offices around the nation. Contact Citizens Bank, N. Business Investment Grants The Virginia Enterprise Zone (VEZ) Tax Exemption Programs Historic Rehabilitation Tax Credits Foreign Trade Zone (FTZ). Time: 9:00 AM - 11:00 AM. 00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth. gov. Business Resources Business Resources Page; Smart Start Business Guide Incentives Incentives Page; Business Investment Grants The Virginia Enterprise Zone (VEZ) Tax Exemption Programs Historic Rehabilitation Tax Credits Foreign Trade Zone (FTZ) HUBZONE Opportunity Zone Port Host Community Revitalization Fund PPIC Job Creation Grant Tax Structure Portsmouth’s city management team projects that the development will generate over $16. New, expanding, and relocating businesses invested $112 million in new capital into Portsmouth in 2022. tommy. 355 Non Profit Government jobs available in Virginia on Indeed. Further information can be found in the Community inclusion grant guide. Get more information through their website. From a sole proprietorship to a 20-40 person team, we can help you start, locate or grow your small business by finding the right fit at the right time with the right resources. Press Release November 20, 2023 New, expanding, and relocating businesses invested $112 million in new capital into Portsmouth in 2022. An eligible investor that makes a qualified investment in a small business on or after July 1, 2019, but prior to January 1, 2022, that has been certified by the Authority pursuant to subsection D shall be eligible for a grant in an amount equal to the lesser of 25 percent of the qualified investment or $50,000. This event is hosted by The Port of Virginia. Portsmouth City Hall Contact Us 801 Crawford Street Portsmouth, VA 23704 Phone: 757-393-8000 Monday-Friday 8 a. 1 Over multiple years 2 Includes multiple donations 3 $500,000-$1 million 4 Includes in cash and in-kind donations 5 $100,000–$200,000 6 $50,000-$99,999 7 $25,000-$49,999 Source: Annual reports, websites, press releases, Virginia Business survey Grant programs are tailored to help new businesses, growing businesses, and established organizations making additional investments in the City of Portsmouth. Apply to Equipment Operator, Director of Food and Beverage, Payroll Clerk and more!The Portsmouth Service League is a volunteer organization composed of women who are interested in the welfare of their community. Governor Ralph Northam today announced $1. INTERIOR BUILD-OUT GRANT . Unique training and employment programs designed to engage and equip our Nation’s Veteran population as they transition to civilian employment. 4881 Email: comehome@hrpdcva. In 2022, Atlantic Union Bank teammates donated 6,466 volunteer hours to their communities. CRO Award (Portsmouth Only) creation of new jobs and investment. The event kicked off with a special performance by Norfolk State University’s “Spartan Legion” Marching Band . You may want to copy the unsigned form so that it can be used for each payment request. As part of. Tax Incentives. You were leaving the urban vibrant that is downtown Portsmouth and we're trying to extend that farther - all the way to the MLK Expressway," said Carl Jackson, the manger of transportation planning for the city. 90% of businesses in Fairfax County are small businesses. Chesapeake, VA 23320. Natural Gas (per 1,000 cubic feet) $5. th. join us. Apartment living is exceptionally convenient, and when you rent an apartment here, you get the perfect blend of convenience and comfort. The mission of this organization. m. m. Call Us. If a company has an ex isting presence in Mecklenburg County, qualifying grantsInitially, this meant the usual 3% fee would be reduced to 0% for loans over $150,000, but the precise discount varied from year to year. 00 of retail sales per year and/or $0. SEVACF offers Hampton Roads non-profit grants and works with fund holders to support promising projects that enhance the quality of life for all. 8 Investment Income 9 Transfers from Program in Surplus. Business grants for veterans. Details: The Portsmouth Economic Development Authority (EDA) supports the City’s growing entrepreneurship and small business community through the Business Investment. Deadline: 01/31/2023. What you need to know about small business grants. Part of the VA,. The team at Portsmouth Economic Development offers a variety of backgrounds and experiences all here to help you start, locate, and grow your business in the City of Portsmouth. PORTSMOUTH, Va. Grants. The Portsmouth Redevelopment & Housing Authority has received a grant in the amount of $249,300 from the US HUD for emergency safety and security upgrades. $185,000. The PPIC Job Creation Grant is designed to provide new and expanding existing Portsmouth based businesses in the industrial and port-related industry sectors with financial assistance for the creation of new positions that provide employees living wages. com. 5 million in Port Host Communities Revitalization Fund awards for Newport News, Norfolk and Portsmouth. 3636 High Street Portsmouth, VA 23707 PURPOSE: Women’s Wellness Program Camp Holiday Trails $ 5,000. virginia. Grants. The Come HOME to Portsmouth Down Payment and Closing Cost (DPCC) Program provides. The Equity Fund’s mission is to strengthen lesbian, gay, bisexual, transgender, and queer (LGBTQ+) organizations in Maine and support community-based initiatives. Brian Donahue is the Director for Portsmouth Economic Development. Grant amounts can vary from event. 1-320 or a special purpose entity established for the purpose of. Chesapeake, VA Business Law Attorney with 37 years of experience. Engage your community – connect to news, events and information you care about. At the same time, veterans own around 6% of U. The maximum grant available is £1,500. Register or Buy Tickets, Price information. The Office of Transition and Economic Development (TED) supports VA’s mission by helping you and your family navigate VA benefits and services, use partner resources, and get the support you need to achieve and sustain your career. These grants aid in developing clearly articulated strategies for addressing a locality’s greatest. Portsmouth: American Revolution Museum at Yorktown: 250,000: Dominion Resources: Richmond: Richmond 2015:. Amount of public grant funds received and used to fund qualified real property investments. - 5 p. Ongoing grant based programs include Senior Transportation, Youth Leadership, and Mobile Kids Meals. S. About This Center The Virginia MBDA Business Center helps Minority Business Enterprises (MBEs) gain greater access to contracts, markets and capital in the federal government. Hire and manage employees. Visitors can see an 18th-century Torah scroll rescued from Czechoslovakia, various exhibits, and artifacts on the history of Hampton Roads Jewish Community on display. At the same time, veterans own around 6% of U. S. In 2018, the Port of Virginia saw 2. The 2nd round of FY 2024 EDA Business Investment Grants open on October 1st! Apply to receive up to $25,000 in grant funding. Governor Glenn Youngkin announced today $2,910,500 in Virginia Main Street (VMS), Community Business Launch (CBL) and Virginia Business District Resurgence (VBDRG) grants for 45 projects across the Commonwealth. Vistaprint 99 Days of Design: Grants of £12,000 for SMEs seeking to rebrand themselves. Created by the Virginia General Assembly in 2019 the Port Host Community Revitalization Fund provides funding for the strategic removal or redevelopment of vacant, underutilized and deteriorated port related properties in the five Port Host Communities of Front Royal, Newport News, Norfolk, Portsmouth and Richmond. join us. members only. Our simple mission to "just feed people" is only possible through the generous support of friends like. VEZ grants are subject to an annual appropriation by the General Assembly. S. The General Assembly allocated $10,000,000 in FY2022 to establish a special, non-reverting fund that would provide grants to CDFIs, community development. DateCreated: 20210831 Language: en DateReviewed: 20211101Portsmouth Partnership Foundation Inc. Act as an intermediary point of contact and liaison for companies and coordinators. --(BUSINESS WIRE). The law limited the total amount of the bonds to $15 billion and directed the Secretary of Transportation to allocate this amount among qualified facilities. Portsmouth Partnership Foundation Inc. You might have some questions and we want you to know that we're here for you! Get In Touch. Supporting our neighbors through corporate funding, grant-making, volunteerism, and creative community partnerships is one of our core values. Small businesses in Floyd, Giles, Pulaski, and Montgomery County can apply for free $15,000 grants from the New River Valley Small Business Relief Program. 8300 Fax: 757. 5 million in Port Host Communities Revitalization Fund awards for Newport News, Norfolk and Portsmouth. 5 Grants: Foundations 6 Membership Dues – Individual 7 Fees for Service 8 Investment Income 9 Transfers from Program in Surplus 10 Transfer from Fund Balance / Reserve 11 Other (Please specify) 12 : FY2020. Use this tool to help you stay organized. 304 SYCAMORE ROAD, PORTSMOUTH, VA 23707 PO BOX 6647, PORTSMOUTH, VA 23703. If a company has an ex isting presence in Mecklenburg County, qualifying grantsThe Smart Start Business Acceleration Grant Program is designed to provide financial support to. For Fiscal Year 2018. Size of the Grant: $2,000. . Address. The Smart Start Business Acceleration Grant Program is designed to provide financial support to established small businesses to advance and accelerate the growth and expansion of Portsmouth's entrepreneurial and small business community. In 2019, they completed a $320 million expansion of VIG which now features the largest cranes on the East Coast. For details on. The federal funds will be topped off. gov. | Land: 0. SBA does not provide grants for starting and expanding a business. Founder, Business Developer Visalia, CA. , Maryland and Virginia (DMV) through shopping, networking opportunities, relationship building, live demonstrations and business education from local industry experts. This new revenue will allow the city to invest in community projects that need additional funding. Portsmouth is home to every industry. - 5 p. The local musical ensemble recently appeared. Apply for Uniform Commercial Code (UCC) State Corporation Commission. Years in Business:11. ft. With more than $12,670. Register a trademark. m. Applicant obtains required City of Portsmouth approvals (Planning, Zoning, Building, etc. All origination, servicing, collections, and marketing materials are provided in English only. 801 Crawford Street, 5. To calculate RCV we take the opening RCV from the start of the financial year (1 April), add inflation and investment, then subtract depreciation and capital grants. - 5 p. Be prepared to apply. More information can be found by visiting the HomeTown program information and guidelines or contacting the Community Development Department at (603) 610-7281. Apply to Director of Strategy, Associate Professor, Public Affairs Specialist and more!THE SOUTHERN COMMUNITY. Eventbrite - Portsmouth Economic Development presents Small Business Investment Grants Information Session (Virtual & In-Person) - Wednesday, September 27, 2023 at 200 High Street Suite 201, Portsmouth, VA, USA, Portsmouth, VA. Suite 440. PO Box 6647, Portsmouth, VA 23703. 00; Employee Count 5; Industries Savings And Loan. businesses and employ around 4 million people, according to. Inside Connected Investors you can find real estate investors in Portsmouth, VA Sell properties to a list of Portsmouth cash buyers, connect with Private Lenders and make offers on 7,683 Off-Market Investment Properties . Ongoing partnerships between inward and local. Navy Federal conducts all member business in English. com. Brian provides oversight of the office’s business recruitment, retention and workforce development efforts for the City of Portsmouth. Impact. 56 Finance Leadership Development Program jobs available in Lansdale, VA on Indeed. City Council earmarked $30,000 in FY 2024 for neighborhood enhancement project funding to encourage residents to take a more active role in the beautification of. From advanced manufacturing for national defense clients to small businesses and specialty retail supporting niche markets, the City of Portsmouth offers a robust environment to start, locate, and grow your business. org. This completely remodeled 3 bedroom 2 full bath home w. com. HOME Investment Partnership Program 2022-2023 Request for Funding Application Planning Department 801 Crawford Street, 4th Floor Portsmouth, VA 23704 757-393-8836 [email protected], you won’t need cash reserves for a multiunit property unless you want to count that rental income. As a result, a new affiliate was formed. Service. Deadline 12/01/23. When owners Richard Barbee and Michael Stevenson, Jr. The Second Service Foundation Grant lets participants pitch their business before a group of judges. Completion & submission of Real Property Investment Grant Application to Portsmouth. Brian provides oversight of the office’s business recruitment, retention and workforce development efforts for the City of Portsmouth. ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF PORTSMOUTH, VIRGINIA . VA 23320 P: (757) 397-5424 F: (757) 397-7948. Most recently, during the 2017–2018 fiscal year, vets paid 50% of whatever guarantee fee non-veterans paid.