2009-10 Virginia Guide to Business Incentives
November 9, 2009
Virginia’s best business incentive is its pro-business climate. Virginia strives to maintain traditions of sound fiscal management: a growing, diversified economy; moderate and stable taxes; and a conservative, results-oriented approach to business regulation. This advantageous climate—together with assets such as a strategic location, a highly productive workforce and excellent quality of life—makes Virginia a good place to do business.
In support of this pro-business environment, Virginia offers a range of incentives and services to assist business growth and reduce the costs of opening or expanding a business facility within the Commonwealth. Incentives include financial assistance, infrastructure development grants, tax credits and exemptions, customized training and technical support programs.
This guide mainly focuses on state incentive programs. Local governments may offer additional business incentives to further reduce the costs of locating a business in Virginia.
Virginia’s best business incentive is its pro-business climate. Virginia strives to maintain traditions of sound fiscal management: a growing, diversified economy; moderate and stable taxes; and a conservative, results-oriented approach to business regulation. This advantageous climate—together with assets such as a strategic location, a highly productive workforce and excellent quality of life—makes Virginia a good place to do business.
In support of this pro-business environment, Virginia offers a range of incentives and services to assist business growth and reduce the costs of opening or expanding a business facility within the Commonwealth. Incentives include financial assistance, infrastructure development grants, tax credits and exemptions, customized training and technical support programs.
This guide mainly focuses on state incentive programs. Local governments may offer additional business incentives to further reduce the costs of locating a business in Virginia.
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