Virginia: Open for Business
The Commonwealth of Virginia was founded as a business venture more than 400 years ago, and that legacy continues today as Virginia remains the top state in which to do business, as rated by several independent industry publications.
Virginia continues to earn accolades and attract businesses from around the county and around the world because of our pro-business environment that offers lower operating costs, a stable six percent corporate income tax that hasn’t increased since 1972, property tax exemptions, a highly skilled and available workforce, strategic location at the heart of the East Coast, and one of the lowest combined state/local/use taxes at 5%.
Virginia also offers a variety of performance-based incentives that it uses to attract and retain business investments and to attract new jobs to the Commonwealth. From tax credits to tax exemptions, Virginia continues to demonstrate its willingness to invest in those who invest and reinvest in the Commonwealth.
Virginia has one of the country’s most technically advanced, online site selection search tools—VirginiaScan. VirginiaScan allows companies to search a database of more than 1,800 qualified sites and buildings across the Commonwealth. In addition to site and building specifications, VirginiaScan enables companies to search for an ideal business location using Virginia workforce statistics, existing business data and a host of other information that is driving today’s business site-selection process.
Terry McAuliffe, Governor