Third Wednesday Webinars

Tobacco Region Opportunity Fund (TROF)

This webinar took place on Wednesday, May 15, 2013 at 2:00 p.m.

A number of performance based incentive programs exist in Virginia and are designed to influence location decisions for the creation of new jobs and capital investment.  One of the most formidable grant programs is the Tobacco Region Opportunity Fund (TROF).  The TROF grant is administered by the Virginia Tobacco Indemnification and Community Revitalization Commission and is applicable only to eligible locations in the Tobacco Commission footprint.  

Join Ned Stephenson, Director of Investments, Virginia Tobacco Commission, for this FREE Webinar in which he will discuss the TROF grant program.  This Third Wednesday Webinar is designed to update Virginia localities on the TROF program.  The Webinar will provide insight into how this incentive program is helping to revitalize communities, diversify the economy, strengthen the workforce, and create wealth in Virginia.

Featured Speaker:

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Ned Stephenson, Director of Investments, Virginia Tobacco Commission

Key Takeaways:

  • What is TROF?

  • Which Virginia communities can apply for TROF?

  • What are the eligibility thresholds for jobs and investment for a project to qualify for TROF?

  • What is the application process?

  • How is the Virginia Economic Development Partnership (VEDP) involved?

  • What is required in the Performance Agreement?

  • What happens if the company fails to meet expected jobs, wage thresholds, or capital investment objectives within the performance period as originally agreed upon?

  • How long is the TROF program expected to continue?

  • Where can we go to get more information about TROF?

A recording of this session is available by clicking here. If you experience problems with the recording, you may want to try using the VLC media player instead of Windows Media Player. The VLC media player can be downloaded here.

To see a schedule of webinars in our series of webinars for 2013, please click here.