Business Equipment Incentive Program

Thank you for your interest in Roanoke City's Business Equipment Incentive Program. Funds are limited and competitive, and therefore, will be committed on a first come, first served basis. Please complete the application in its entirety or your application may not be considered.

Applications will open on October 1, 2025 at 8:00 AM and will close when funds are fully committed. Applicants have until September 30, 2026, to purchase equipment and submit receipts to the Department of Economic Development.

Should you need assistance completing your application, please contact the Department of Economic Development:

Manufacturing and Industry Businesses, please contact Alicia Cundiff at alicia.cundiff@roanokeva.gov or by phone at 540-853-5405.
Retail and Commercial Businesses, please contact Brady Lawrence at brady.lawrence@roanokeva.gov or by phone at 540-853-5661.
Biotech and Life Sciences Businesses, please contact Bradley Boettcher at bradley.boettcher@roanokeva.gov or by phone at 540-853-1698

Funding details:

Manufacturing & Industrial Sector: Maximum award per business – $20,000
Commercial & Retail Sector: Maximum award per business – $5,000
Funding can be used for equipment that is taxed as Business Personal Property, or subject to the Machinery and Tools Tax.

Eligibility:

Has operated in a commercially zoned location in the City of Roanoke for at least one year prior to October 1, 2025
Current on all City of Roanoke business taxes
Hold a valid City of Roanoke business license (if required)
Manufacturing/Industrial: Employ at least two full-time W-2 employees
Retail/Commercial: Employ at least one full-time W-2 employee
Recipients of last year's Business Equipment Incentive Program are not eligible to apply for this year's round of funding.

Equipment Guidelines:

Minimum purchase: $500
Maximum: 10 pieces of equipment per company
Motor vehicles are not eligible
Equipment purchase must occur on or after October 1, 2025. Award recipients have until September 30, 2026 to purchase equipment and submit receipts to the Department of Economic Development.

Name*

First NameLast Name

Title*

Company Name*

Phone Number*

Please enter a valid phone number.Format: (000) 000-0000.

Email*

example@example.com

Company's Physical Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Company's Mailing Address (if different)

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Manufacturing/Industrial

Number of full-time equivalents employed at City of Roanoke location:*

Briefly tell us about your business. What goods and/or services do you provide? *

As of October 1, 2025, how long has your business been operating in the City of Roanoke?*

Please provide your website URL: *

Please describe how this grant will help your business continue to grow in the City of Roanoke, increase efficiency, add new jobs, and/or enter a new market? *

Please explain how your business would use this funding. Please provide as much detail as possible. *

Please provide a list of equipment you are seeking to purchase and the estimated cost.

This estimate will be used to determine the potential grant amount. The program cannot grant more than what is awarded at the time of application. If the actual purchase is less than the estimate, your grant award will be 50% of the actual purchase price.

Minimum equipment purchase of $500 per item
Maximum of 10 pieces of equipment per company

As a reminder, motor vehicles do not qualify for this incentive. Eligible items must be taxed as business personal property tax or machinery and tools.

Please upload the following documentation in the file upload below

Is there any other information you would like to provide?

File Upload - Please provide the documents noted above in the checklist: *