FINANCIAL_SERVICESAPPROVED

Roanoke County Board of Supervisors Agenda Packet April 2026

State Incentive Package Approved for Elbit Expansion

Commonwealth’s Opportunity Fund up to $1,200,000; Virginia Jobs Investment Program $288,000; Virginia Investment Performance Grant $300,000Roanoke CountyELBIT SYSTEMS OF AMERICA - NIGHT VISION LLCApril 7, 2026

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Description

Roanoke County approved participation in a state-led incentive package for Elbit Systems of America - Night Vision LLC totaling up to $1.788 million in COF, VJIP, and VIP grants tied to the company’s expansion performance through 2029. The County’s role includes matching a portion of the COF grant via its local incentive while no new County funds are otherwise required.

Contract Details

Contract Amount

Commonwealth’s Opportunity Fund up to $1,200,000; Virginia Jobs Investment Program $288,000; Virginia Investment Performance Grant $300,000

Vendor

ELBIT SYSTEMS OF AMERICA - NIGHT VISION LLC

Agency

Roanoke County, VA

Contract Type

FINANCIAL_SERVICES

Document Date

April 7, 2026

Contract Term

Performance period through at least December 31, 2029, with COF disbursements anticipated beginning in 2030

Renewal Date

2029-12-31

Renewal Info

State performance agreement with defined performance date of December 31, 2029; COF disbursed after verification, VIP paid upon meeting investment targets, and VJIP paid as qualifying jobs are created. No ongoing renewal beyond the specified performance period is indicated.

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