Virginia is proud to be able to invest in companies who have committed to hiring Veterans. The knowledge, skills, and abilities today’s service members and Veterans gain in our modern military make them an extremely valuable talent pool for employers wishing to grow and improve organizational performance.
In 2015, the General Assembly unanimously appropriated $500,000 for the purposes of establishing an employment grant for V3-certified employers. The Department of Veterans Services and the V3 Program will administer this grant fund so that all $500,000 goes to qualifying employers who have hired Veterans.
Companies may qualify for up to $10,000 in grants, with $1,000 being awarded per eligible Veteran hired.
In order to qualify for the V3 Employment Grant, companies must be:
- A V3-Certified Company with an Employer ID# (to learn how to join the V3 Program, click here)
- Fewer than 301 employees under common control, at time of grant application
- A Business to qualify (no public agencies) (see FAQ below for more info)
Veterans hired for purposes of this grant must be (criteria updated May 2016 with signing of new biennial budget):
- Needs to be employed within 5 years of discharge from active duty
- Hired in a full-time capacity
Paid at or above the Prevailing Average Wage for the locality of employment
- Hired and retained for at least one year — on or after July 1, 2014
For quick reference, here is a presentation about the grant opportunity: Veteran Employment Grant Presentation
To Apply For the V3 Grant, Click the Image Below
How long does it take to become V3-certified?
Companies have become certified in as short as one month; the average time to become certified is about three months; companies who have joined the V3 Program have one year from their initial application to complete their training.
How much does it cost to become V3-certified?
$0. All training and certification is provided to Virginia employers at no cost. There are no financial commitments required to become V3 certified.
How long does it take to receive the grant award?
Please allow 10 business days for approval or rejection; Please allow up to 30 business days for the award upon notification of approval.
I hired a Veteran on June 30th, 2014. Am I eligible for the V3 Grant?
No. Grants are eligible for qualifying Veterans hired on or after July 1, 2014.
How do I verify a Veteran’s discharge date from active duty?
You may ask your Veteran employee for his or her discharge date as it appears on the DD-214 (Certificate of Release or Discharge from Active Duty), and ask to see this form.
My company uses a three-year rolling average to determine business size. Can I use this number for grant application purposes?
No. Companies must not have more than 300 employees under common control on the date of application in order to qualify.
What is the definition of “Veteran” for purposes of this grant?
“Veteran” means an individual who has served in the active military, naval or air service, and who was discharged or released therefrom under conditions other than dishonorable. (Code of Virginia § 2.2-2001)
What is the definition of “Business” for purposes of this grant?
“Business” means any corporation, partnership, electing small business (subchapter S) corporation, limited liability company, or sole proprietorship authorized to do business in the Commonwealth of Virginia. (Virginia Administrative Code 13VAC5-112-10)
What is the definition of “Full-time” for purposes of this grant?
“Permanent full-time position” means a job of indefinite duration at a business firm … requiring (i) a minimum of 35 hours of an employee’s time per week for the entire normal year of the business firm’s operation, which “normal year” must consist of at least 48 weeks, (ii) a minimum of 35 hours of an employee’s time per week for the portion of the calendar year in which the employee was initially hired for or transferred to the business firm, or (iii) a minimum of 1,680 hours per year…” (Code of Virginia § 59.1-547)
This definition is taken from the Enterprise Zone Job-Creation Grants program.
Upon approval, can the grant award be disbursed through electronic fund transfer (EFT)?
In most cases, no. If your company is registered as a vendor with the Commonwealth of Virginia and has authorized EFT disbursing, then it is possible; however because of the increased time and effort it would take for both the awardee and the commonwealth, V3 will award grant funds by paper check.