DO BUSINESS HERE

BUSINESS
CLIMATE

DO BUSINESS HERE

BUSINESS
CLIMATE

Below: CoStar breaks ground on $460 million expansion project

CoStar breaks ground on $460 million expansion project

What does an outstanding business climate look like? A stable business base, growing population, sophisticated higher education network, and supportive policies and partners, for starters.

Why Richmond

TOP STATE FOR BUSINESS

Virginia has been voted the best place for business by CNBC five times – more than any other state in the country – and is the first to achieve consecutive wins. A right-to-work state, Virginia's low 6% corporate income tax rate has remained the same for over 50 years, and it has maintained its triple AAA credit rating since 1938.

STABLE ECONOMIC BASE

Richmond's economy is built on a solid group of key and emerging industries, and as a capital city, a steady level of government jobs. This diverse industry mix makes us more resilient to the ups and downs of economic disruptions.

PARTNERS AT THE READY

Richmond Economic Development welcomes and supports prospective and Richmond-based businesses. Whether you need information about available properties, potential incentives, or connections to the Richmond business ecosystem, we are here for you.

FINANCIAL TOOLS TO SUPPORT GROWTH

Our economic development incentives support new and growing businesses of all sizes. Learn more about Richmond's grants, business and real estate tax abatements, and loan programs.