About Richmond
Richmond is not only the government center of Virginia, it is also one of the strongest business arenas in the state. Richmond also possesses a historic charm, with cultural opportunities, including museums, festivals, ballet and a Symphony Orchestra.
Greater Richmond has many business incentives that benefit new and existing businesses:
- Moderate and Stable State Tax Environment
- Corporate Income Tax unchanged since 1972
- There is an established trend of reducing local taxes
- Northern most Right-to-Work State on the East Coast
- Highly educated and productive workforce
- Moderate cost of living
- Excellent transportation system with minimal traffic congestion
- Highly desirable recruiting location
State Incentives for Business:
- Major Business Facility Job Tax Credit
- Workforce Service training
- Industrial Development Bond Financing
- Enterprise Zones
Advantech - About Richmond, VA.
For more information on the Greater Richmond area, please visit the Greater Richmond Partnership’s web site at www.grpva.com. Information adapted from the Greater Richmond Partnership, Inc.