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Virginia

Virginia

Virginia’s hard-working people, excellent quality of life and strategic East Coast location make the state a great place to do business. Companies from around the globe have proved this by locating hundreds of new facilities in Virginia and our existing businesses have also recently expanded at record levels. Our natural resources, exceptional infrastructure and dynamic workforce provide a solid foundation for growth, and our tradition of sound public policy protects business investments that maintain economic growth.

UK-affiliated companies such as BAE Systems North America, Lindstrand USA and BT Conferencing take advantage of Virginia’s educated workforce, moderate business cost structure and central location on the East Coast with an infrastructure second to none. Washington Dulles International Airport is a critical gateway for UK firms and the Port of Virginia is a major asset to UK firms engaged in international trade. In addition, we are fortunate to have a European office, which is currently being relocated to Brussels, Belgium – the first one of any state in the US, established in 1968 – to attract European investors.


Strong and diversified for greatest stability

Virginians provide a vast array of services and manufactured goods to customers throughout the world. Our manufacturing base continues to be strong, producing everything from steel beams, wood flooring and pick-up trucks to semiconductors, robots and rocket engines. As the birthplace of the Internet and a leading centre of software development, Virginia’s high-tech economy continues to expand. And as one of four US states currently licenced and capable of launching communications satellites and other commercial payloads into space, Virginia has the right assets to continue its economic leadership.

Taxes

Virginia’s moderate corporate income tax has not been raised in more than 30 years. At 6%, our rate is one of the lowest in the nation. The combined state and local sales tax is 5% – again, one of the lowest in the nation. Counties and cities are separate taxing entities. Consequently, companies pay taxes to either a county or a city, not to both.

Transportation

Our integrated transportation system of highways, railroads, airports and seaports ensure that you can reach every one of your markets and get shipments from suppliers more efficiently.

Labour

Virginia facilities consistently earn productivity awards. As a result of better-than-average training and education, combined with a vast diversity of skill sets, Virginia’s workforce is one of our greatest assets, and one of business’s greatest advantages.

Utilities

Virginia offers a wealth of telecommunications, power, water and other business infrastructure resources necessary to succeed in today’s global economy.

Quality of life

Boundless outdoor and cultural activities, and one of the nation’s highest concentrations of historic resources all combine to provide limitless opportunities for recreation and relaxation.

For more information, contact:
Virginia Economic Development Partnership
901 East Byrd Street, PO Box 798
Richmond, VA 23218-0798 US
Tel: 001 804 545-5700
Website: www.YesVirginia.org

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