FINANCIAL_SERVICESAPPROVED

Roanoke County Board of Supervisors Agenda Packet April 2026

County Approves Local Incentive for Elbit Expansion

Local Incentive Agreement: estimated value $1,200,000 in reimbursed new tax revenues over six yearsRoanoke CountyELBIT SYSTEMS OF AMERICA - NIGHT VISION LLCApril 7, 2026

Trusted by teams at

Description

Roanoke County approved a local performance-based incentive agreement with Elbit Systems of America - Night Vision LLC, offering up to $1.2 million in tax-revenue reimbursements over six years to support a $30.2 million expansion and 288 new jobs. Payments depend on the company meeting capital investment and employment thresholds.

Contract Details

Contract Amount

Local Incentive Agreement: estimated value $1,200,000 in reimbursed new tax revenues over six years

Vendor

ELBIT SYSTEMS OF AMERICA - NIGHT VISION LLC

Agency

Roanoke County, VA

Contract Type

FINANCIAL_SERVICES

Document Date

April 7, 2026

Contract Term

Six-year incentive period (Years 1–6 after expansion benchmarks begin)

Renewal Info

Performance-based local grant structured as foregone new tax revenue over six years; payments only made if annual capital investment and job targets (80% Years 1–4, 95% Years 5–6) are met. No separate renewal beyond the six-year performance window is indicated.

More from ELBIT SYSTEMS OF AMERICA - NIGHT VISION LLC