Technology Zones are designated areas of the City that are uniquely situated for Information Technology businesses. Companies meeting the requirements of the zone are eligible for a number of incentives to encourage new development and expansion.
Location
There are four sections of the City that have been designated Technology Zones. These areas have been identified because of their availability to fiber, electricity, water, and real estate needed for technology-based businesses. See maps and descriptions in the download section.
- Area One – Central Business District
- Area Two – Lew Dewitt Blvd around the Zeus Theatre
- Area Three – Buildings and Greenfields around the Town Center, I64 Exit 94
- Area Four – Greenfield along Delphine Ave in the Nature’s Crossing Technology Center
Technology Business
For the purpose of the Waynesboro Technology Zone, technology business are defined as a new or existing company or identifiable subdivision of a company that has fifty percent (50%) or more of its gross receipts derived from research, development, manufacturing, or rendering of advanced technological products or services and that expands or locates in a technology zone. typically, the business would be classified under one of the following NAICS codes:
- 5112 Software Publishers
- 5182 Data Processing, Hosting, and Related Services
- 5191 Other Information Services
- 5413 Architectural, Engineering, and Related Services
- 5415 Computer Systems Design and Related Services
- 5416 Management, Scientific, and Technical Consulting Services
- 5417 Scientific Research and Development Services
- New or emerging technology categories may be considered
Business Incentives
Companies locating in the designated area, that meet the definition of a Technology Business and meeting the minimum requirements of: three new to Waynesboro employees with an average weekly wage equal to or greater than the current Waynesboro average weekly wage as published by the Bureau of Labor Statistics, and an initial three-year investment of at least $75,000. The investment may be established by the value of personal property, lease hold improvements or real estate owned, or the value of a lease of real property will be eligible to receive business incentives. Type, level, and duration of incentives are based on employee wage (average weekly wage compared to Waynesboro average weekly wage), number of full-time employed employees, and total capital investment.
All local incentives are reimbursements of taxes or fees paid to the City. Incentives are multiyear with decreasing benefit over time and are a percentage of the total paid tax or fee and can include Building Permits, Zoning Review, Site Development, Utility Hookup, Business License, Business Personal Property, Machinery and Tools Tax, and Real Estate.
Local incentives can be combined with other state incentives and or enterprise zone capital improvement and job creation. See map of all incentive zones.
A custom incentive proposal will be provided upon completion of the Technology Zone application.
Available Real Estate Options
-Table coming soon-
Qualification Process
-Information currently being updated-
