TDFP Administrator Wirt Confroy
Director of Business Development
The Commonwealth of Virginia has established a financing program for qualified Virginia tourism development projects.
This program provides two different tiers of financing to compensate for a shortfall in project funding.
The purpose of the program is to provide a gap financing mechanism for projects that cannot, otherwise, find 100% funding or lending for a project.
Below is an outline of the TDFP application process, step-by-step, which is managed by VTC.
For more detailed information on the program or steps, please download TDFP Full Overview 2016 found in the Related Links box, top-right on this page.
IDENTIFY A PROJECT
CREATE + SUBMIT TOURISM DEVELOPMENT PLAN
PAY APPLICATION FEE
VERIFY THE FINANCING + FINALIZE PERFORMANCE AGREEMENT
CREATE AND VERIFY TOURISM ZONE ORDINANCE
ADOPT PROJECT ORDINANCE
APPLICATION REVIEW STATE COMPTROLLER
ANNOUNCE PROJECT CERTIFICATION
PAY DEBT > After business opening
Code of Virginia
TDFP Full Overview 2016
Tourism Development Plan Template