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YEARS VIRGINIA BUSINESS SITE LOCATOR T


Celebrating a quarter of a century Twenty-five reasons to


wo thousand seventeen is a special year for the Site Locator, a guide to


selecting a business location in the commonwealth. Twenty-fi ve years ago Virginia Business published the fi rst edition of the publication, then known as T e Virginia Site Selection Guide. Companies have come and gone since 1992, but the reasons why Virginia is a great place for business remain the same. T is includes a top-notch workforce and education system; a centralized location and superb quality of life. T ese are the reasons why some of


the nation’s largest corporations call Virginia home, such as McLean- based hospitality company Hilton Worldwide Holdings and Richmond- based used-car retailer CarMax. T e commonwealth also continues to rank favorably in national business rankings. Virginia is in the top 10 of Forbes’ and CNBC’s best states for business rankings (To see how we stack up, turn to page S7). In addition to highlighting the commonwealth’s accolades, we’ve compiled lists of recent major economic development announcements in the state; higher


education institutions and research and development facilities off ering groundbreaking research and offi ce space. In the following pages, you’ll also fi nd features on specifi c business locations in the Old Dominion, from the breathtaking Shenandoah Valley to the bustling Hampton Roads region, home to several military bases and the state’s marine terminals. Our big anniversary also inspired us to come up with the “Twenty-fi ve reasons to locate your business in Virginia” list below. Trust us, it was diffi cult to come up with just 25 items. We hope you enjoy!


locate your business in Virginia 1 Right-to-work state with the 12th lowest unionization rate in the country (6.9 percent).


2 Fourteen commercial airports, including Washington Dulles International and Ronald Reagan Washington National airports. Nonstop commercial airline service to 145


destinations.


3 The Port of Virginia is one of the three busiest container ports on the U.S. East Coast. The port is the only East Coast port with congressional authorization to dredge to 55


feet.


4 Word-class transportation. Virginia has several innovative infrastructure projects in the works, including a Bus Rapid Transit System in Richmond and an extension of the


Washington Metro to Dulles airport in Northern Virginia.


8 Tax credits for job creation and investment in economically stressed areas. 9 Virginia ranks sixth among the 50 states for tech industry employment. 10 A labor force of nearly 4.2 million.


5 7


S4 AUGUST 2017 ADVERTISING


6 Corporate income tax rate of 6 percent, which hasn’t increased since 1972. Affordable cost of living that falls below the national average in many categories.


Numerous economic development incentive programs for companies locating or expanding in the commonwealth. The Commonwealth’s Opportunity Fund is administered by Virginia’s governor and matched by localities. The Virginia Jobs Investment Program offers recruiting and training assistance to companies creating new jobs or going through technological change.


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