Workforce and Industry Incentives Economic Development Incentives Evaluation Series

Virginia continues to refine how it supports workforce development and key industries, focusing on programs that help attract and grow businesses while improving worker skills. This review highlights the effectiveness of initiatives like the Virginia Jobs Investment Program and the Virginia Talent Accelerator, which offer training and talent-development support to fuel competitive job creation. While some programs show measurable economic benefits, others—like certain tax exemptions and training credits—have limited impact and may not justify continued investment. The report signals a push toward data-driven economic incentives that align with labor market needs and strengthen statewide competitiveness in high-skill, high-growth sectors.