Technological advances in communication and information technology provide businesses with nearly limitless choices when siting their corporate headquarters. Companies now choose to site headquarters where traffic is light, school systems are strong, the climate is comfortable and legislation is supportive of business. Greater Richmond boasts a unique blend of business-friendly regulations, an affordable, high-quality lifestyle for workers and first-class executive amenities, making it an ideal headquarters location.
Eight Fortune 500 firms have their headquarters in the area, some are "home grown" and some that have relocated from other areas. Most recently, Westrock (formerly MeadWestvaco) and the Altria Group chose the Greater Richmond area as their corporate headquarters location.