Online Services | Commonwealth Sites | Help | Governor

Virginia Department of Environmental Quality's logo

Financial Resources

Small Business Environmental Compliance Assistance Loan Fund

Application Process

  • Visit the Department of Business Assistance website for a factsheet and an application.
  • Address questions to Francis Campbell, DEQ Office of Financial Managment, 1-800-592-5482

Background Information

  • The Fund is used to make loans or to guarantee loans to small businesses for the purchase and installation of environmental pollution control equipment, equipment to implement voluntary pollution prevention measures, or equipment and structures to implement agricultural best management practices.
  • The equipment must meet the following requirements: it is needed by the small business to comply with the federal Clean Air Act, or it will allow the small business to implement voluntary pollution prevention measures or Agricultural Best Management Practices. (The Department of Environmental Quality must certify the equipment as meeting the stated requirements. DEQ will provide the funding, and the Department of Business Assistance will administer the loans through its Financial Services Division.)
  • The loans are available in amounts up to $100,000 and will carry an interest rate of 3 percent, with favorable repayment terms based on the borrower's ability to repay and the useful life of the equipment being purchased or the life of the best management practice being implemented. There is a $30 non-refundable application processing fee.
  • The Fund will not be used to make loans to small businesses for the purchase and installation of equipment needed to comply with an enforcement action.
  • To be eligible for assistance, a business must employ 100 or fewer people and be classified as a small business under the federal Small Business Act.

Return to Top of Page

Tax Exemption on Pollution Control Equipment

Code of Virginia � 58.1-3660

Certified pollution control equipment and facilities

A. Certified pollution control equipment and facilities, as defined herein, are hereby declared to be a separate class of property and shall constitute a classification for local taxation separate from other such classification of real or personal property and such property. The governing body of any county, city or town may, by ordinance, exempt or partially exempt such property from local taxation.

B. As used in this section:

"Certified pollution control equipment and facilities" shall mean any property, including real or personal property, equipment, facilities, or devices, used primarily for the purpose of abating or preventing pollution of the atmosphere or waters of the Commonwealth and which the state certifying authority having jurisdiction with respect to such property has certified to the Department of Taxation as having been constructed, reconstructed, erected, or acquired in conformity with the state program or requirements for abatement or control of water or atmospheric pollution or contamination.

"State certifying authority" shall mean the State Water Control Board, for water pollution; the State Air Pollution Control Board, for air pollution; the Department of Mines, Minerals and Energy, for coal, oil, and gas production, including gas, natural gas, and coalbed methane gas; and the Virginia Waste Management Board, for waste disposal facilities, and shall include any interstate agency authorized to act in place of a certifying authority of the Commonwealth.

Tax Credit for Recycling Equipment

Code of Virginia � 58.1-3661

Potential Applicants: Business and industry

Availability/Conditions: An income tax credit is available to manufacturers for the
purchase of certified machinery and equipment used for processing recyclable materials
in taxable years beginning on or after January 1, 1999, but before January 1, 20001. The
credit is equal to 10 percent of the total original capitalized cost of the equipment.
Administered by: The Virginia Department of Taxation. The Virginia Department of
Environmental Quality certified that equipment to be credited for is integral to the
recycling process. For more information, visit www.deq.state.va.us/recycle/r-taxinc.html

SOURCE: www.deq.virginia.gov/pdf/deqregs/reg15-30final.pdf
Application: Form DEQ 50-11S (Recycling Equipment Tax Credit)
Guidance for the certification of Recycling Machinery and equipment for state income tax credit

Return to Top of Page

Agencies or Programs which offer Financial Assistance

See also the DEQ Innovative Technology pages for research, development, commercialization, technology transfer, and related small business assistance.

Return to Top of Page

Competitive Grants and Awards

See also the DEQ Innovative Technology pages for research, development, commercialization, technology transfer, and related small business assistance.

Return to Top of Page

EPA's Small Business Innovation Research (SBIR) Program

Through the SBIR Program, EPA makes awards to small, high-tech firms for research and development of cutting-edge technologies. The Program is intended to spawn commercial ventures that improve our environment and quality of life, create jobs, increase productivity and economic growth, and improve the international competitiveness of the U.S. Technology industry.

For more information, access the EPA SBIR web site

Return to Top of Page

Center for Innovative Technology

CIT operates a number of programs and services supporting development and expansion of technology-based businesses in Virginia.  Among its services are support for accessing capital, federal funding, and other financial resources as well as business and technical assistance for research, development, technology transfer, and procurement contracting.

Return to Top of Page

US EPA National Center For Environmental Research

Environmental Research Grant Announcements
The Science to Achieve Results (STAR) Program has four formal solicitation periods during the year -- January, April, August, and October. STAR Requests for Applications invite research proposals from academic and nonprofit institutions located in the U.S., and state and local governments.

Return to Top of Page

 

Templ:PROD-DEQTemplate_one | Editable:false | StartFldr:/osba/ | CurrentFilename:finance.html;