In September 2002, the County of Patrick and the Town of Stuart was awarded a new Joint Enterprise Zone from the Commonwealth of Virginia. This Zone is an important tool with which the two localities can assist existing and new businesses expand or locate operations in the Town or County. The Enterprise Zone makes available a wide array of new assistance programs that will assist businesses reduce expansion and/or new location costs. Many firms, unable to access traditional governmental assistance, can now receive valuable grants, waivers, and tax credits that mean more dollars on their bottom line.
The State, County, and Town each have numerous assistance programs for businesses locating or expanding in the Enterprise Zone.