An Attractive, Stable, and Predictable Operating Environment

  • Virginia is the northernmost right-to-work state along the I-95 Corridor.
  • One of the lowest in the nation, Virginia has had a stable corporate income tax of 6.0% since 1972.
  • Industrial electricity users paid an average rate of 6.39 cents/kWh in the summer of 2019, compared to the national average of 6.91 cents/kWh.
  • Sound economic policy and prudent financial management has earned Virginia a AAA credit rating since 1938— longer than any other state.
  • The Virginia Department of Agriculture and Consumer Services (VDACS) supports the state’s agricultural and forestry industries by helping producers and processors grow their business, build their brands, and locate the best markets for their products, both domestically and abroad.
  • The Agriculture and Forestry Industries Development Fund (AFID) is a discretionary incentive designed to grow Virginia’s agriculture and forestry industries.
  • With 466 fully characterized development sites of 25 acres or larger, dozens of certified sites, and a growing inventory of spec buildings and virtual buildings, Virginia is constantly working to improve its portfolio of real estate options.