Virginia offers one of the best pro-business climates in the nation. It is no surprise that for several years, Virginia has been named among the top states to do business in the nation by Forbes.com and CNBC.com.

Virginia and the Richmond Region have established many business incentives that benefit new and existing businesses, both in the short and long term. Incentives include financial assistance, infrastructure development grants, tax credits and exemptions, customized training and technical support programs.

State Incentives

The Virginia Economic Development Partnership provides a variety of incentive and grant programs for competitive projects evaluating a location in the Commonwealth. Opportunities include discretionary incentives, financial assistance, infrastructure assistance, recruitment and training incentives, and tax incentives.

Download a summary of select incentive programs here.

Regional Support

The Partnership’s support services include research, information, publications and other services. In addition to real estate information, the Partnership maintains information on critical business factors, including labor, education and training, transportation, utilities, taxes, incentives, area industries and business climate. Presentations tailored to a company’s specific needs and comparisons with other metropolitan areas and states can be provided. These services are provided at no cost to prospective businesses.

Local incentives

Once a project has narrowed its real estate search, local economic development partners may offer an incentive package. The following pages link directly to local economic development websites and offer insight on the types of incentives and/or grants available in that municipality:

Workforce Recruitment Services

The Greater Richmond Partnership has developed a variety of services to assist new corporate citizens relocating to the region and to facilitate the ramp-up process. Relocation services are available through the Greater Richmond Partnership in cooperation with local businesses. The Partnership can provide a wide variety of community information including print publications and maps. The Partnership also can coordinate employment assistance through local staffing agencies and the Virginia Employment Commission.

Recruitment of mission-critical technical and professional employees

The Partnership can assist in the recruitment of professional and engineering employees using email, web sites, participation at trade shows and conferences, and other avenues as identified. One tool that the Partnership has developed includes a website, LoveWhatYouFind.com, which was designed to attract and inform businesses, workers and families considering a move to the Richmond Region for employment.