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Factsheet: Agriculture and Forestry Industries Development Fund (AFID)
Agriculture and Forestry Industries Development Fund (AFID)
Key Information
Country/Region:
North-America
›
UNITED STATES OF AMERICA
›
VIRGINIA
Description:
The Agriculture and Forestry Industries Development Fund provides grants to promote and develop the agriculture and forestry industry in Virginia and create or expand value-add facilities, including qualified biofuel production facilities. Individual grants may not exceed $250,000 or 25% of qualified capital expenditures and are awarded at the governor's discretion. The grants are awarded to local governments and other Virginia political subdivisions working with qualified businesses.
Goal/Aim:
Support agriculture and forestry industry in value add products inclusive biofuels
Type (and subtype) :
Economic/financial instruments
›
Investment Subsidies
Sector/Topic targeted:
Agriculture
Forestry
Energy
Status:
In force
Impact on regional bioeconomy objectives
Fostering effective governance and involvement of the society:
Not Relevant
Building a strong research, development and innovation base:
Not Relevant
Enhancing the creation of jobs and ensuring availability of required skills:
Not Relevant
Building competitive biobased industries:
Not Relevant
Creating a reliable and enabling policy setting:
Not Relevant
Address the (multilevel) cooperations needed to start biobased businesses:
Not Relevant
Creating an attractive environment including infrastructure:
Not Relevant
Availability of financial resources:
Not Relevant
Learning from the strategies/actions of other regions, clusters,...:
Not Relevant
Fostering the development of strong biobased markets:
Not Relevant
Contact References
Full name of Instrument & Measure (English):
Governor’s Agriculture and Forestry Industries Development Fund (AFID)
Links:
http://www.afdc.energy.gov/laws/10492
http://lis.virginia.gov/cgi-bin/legp604.exe?000%20coh%203.2-304%20700004
Responsible Authority:
Virginia Department of Agriculture and Consumer Services; Department of Energy DOE
Contact of Responsible Authority:
http://www.vdacs.virginia.gov/agribusiness/afid.shtml
Completed by:
VITO
Completed on:
March, 2015
Advanced Information
Feedstock type targeted:
Agriculture/Horticulture
Aqua/Marine/Fishing (including algae)
Forestry
Industry byproducts
Landscape care
Waste
Product type targeted:
Biofuels (transport)
Bioproducts (fibres, plastics, fertilisers,...)
Value Chain:
Conversion / transformation / processing
Year Instrument & Measure Started:
2012
