Norfolk Innovation Corridor
The Norfolk Innovation Corridor (NIC) is an area paralleling the Elizabeth River Trail that stretches from Norfolk State University to Old Dominion University, including the Eastern Virginia Medical School/Sentara/Children’s Hospital of The King’s Daughters, Fort Norfolk, Downtown Norfolk, the Neon Arts District and the Harbor Park area. Under state law, it is designated as a “technology zone,” enabling qualifying startup firms and firm expansions to receive certain tax incentives, in addition to enjoying the other advantages of setting up business where physical, networking and economic assets are so densely clustered. The NIC serves to attract and retain technology companies while serving as a magnet for a talented and diverse workforce.
Visit NIC's website to learn more about available tax incentives and location advantages and more.
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In January 2021, Downtown Norfolk Council presented a special Member Briefing on the Norfolk Innovation Corridor (NIC) with Dan Peterson, President of the NIC, and Chuck McPhillips, Past President of the Greater Norfolk Corporation. They shared information on the incentives available to qualifying startup firms and firm expansions in the Corridor, as well as the goal of making the area widely known as the most resilient community in America and a magnet for a talented and diverse workforce.