Tourism Financing Opportunities

Building in WilliamsburgTourism Development Financing Program

Gap financing opportunities from the Virginia Tourism Corporation are available for development projects that fill a tourism void in the local economy. This grant helps to cover up to 20% of total project costs for debt service to gap finance a project. For more information on this grant, visit the Virginia Tourism Corporation website or view the Tourism Development Financing Program (PDF).

Virginia Tourism Growth Fund

This is a grant program that was established by the Virginia Tourism Corporation to grow tourism development projects. Eligible projects include both new and expanding facilities in the following industries:

  • Cultural
  • Destination retail
  • Entertainment
  • Epicurean
  • Lodging
  • Recreation

Grants from this program help finance up to 15% of the costs of financing a project. For more information visit the Virginia Tourism Corporation website.