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- If you are thinking of relocating your family
and business here to Virginia, I hope you will find these bits
of information useful. Should you have specific questions, please
contact me and I will
do my best to find answers for you. The business climate is very
Virginia is located on the Eastern Seaboard of the
U.S. It is the fourth largest of the South Atlantic States and
thirty-sixth in size among the 50 states. The total area of Virginia
is 40,767 square miles (105,586 square kms). It extends 440 miles
east to west. (470 miles point to point) and 200 miles north
to south. Total population approximately 6,791,345 (July 1, 1998).
That reflects an increase of 53,856 or 0.8%, while neighboring
DC, PA and WV saw declines.(AP) The
state ranks 34th in the seniors housing market per the National
Association of Homebuilders.
Living here and doing business is here, is about
a way of life...
A mild to humid coastal climate is characteristic of Virginia.
Record high temperature: 110 degrees F (43 C) at Columbia on
July 5, 1954. Record low temperature: -29 degrees F (36 C) at
Monterey on Feb. 10, 1899. Average July temperature: 75 degrees
F (24 C). Average January temperature: 36 degrees F (2 C). Average
yearly precipitation: 43 inches (109 cm).
Virginia ranks as the 12th most populous state in the U.S. Virginia's
population reached 6,187,358, in 1990, a 15% increase since 1980.
According to projection, the population by 1995 reached 6,791,345.
The population density is 156.3 per square mile (60 per square
km). In 1990, 72.5% of all Virginians lived in metropolitan areas.
Loudoun County ranks as the second fastest growing county in
all of the United States.
Middle Peninsula 73,023
Hampton Roads MSA: 1,299,700
Virginia Peninsula 429,000
Some Virginia Business
A few areas of
- Virginia has the most doctoral scientists and engineers in
- Virginia Corporate Income Tax is 6%. It has remained stable
since 1972 and has changed only once in the last 50 years.
- Virginia also offers corporate income tax credits for job
- Virginia sales tax has remained stable since 1968.
- Virginia ranks fourth in the country with the largest number
of businesses listed in the Hispanic Business 500. Virginia is
listed with 26 business doing approximately $636 million dollars
yearly in revenue. Florida was ranked first, California second,
Texas third and New Mexico fifth.
Virginia is one of the least unionized of the more industrial
states. Three major reasons for this are the States Right
to Work Law: the importance of manufacturing industries such
as textiles, apparel, electrical machinery and lumber which are
not highly organized in Virginia; and the importance of federal
civilian and military employment. Only four states had a smaller
percentage of their nonagricultural work force unionized than
- Money Magazine rated three areas of Virginia, the top three
places to live in the South. #1 was the Norfolk area; #2 was
the Richmond area and #3 was the Charlottesville area. Norfolk
to Richmond to Charlottesville are each an hour apart so all
are pretty close. Anywhere within that area is great to live,
work and play. All the components to make your business successful!
- The Bay is the largest and richest estuary in the
country. Home to humpback and fin whales in the winter. And even
some migrating manatees in the summer! Plenty of great fishing,
boating, sailing and and the best seafood you can imagine!
- Chesterfield is recognized for its prime mid-Atlantic
location and a robust pro-business economy.
- Gloucester - 30,131, quaint seafaring town with local
retail shops, service, construction and manufacturing businesses,
and plenty of marinas for the working and pleasure boating industry.
- Hampton Roads - Money Magazine rated as the South's
best large metropolitan area to live in.
- Hanover's contemporary life is that of a vibrant rural
and suburban locality. It has two interstate highways, I-95 and
I-295, which are among the busiest in the eastern United States.
The County has a population of approximately 80,000. Major industries
in Hanover include Paramount's Kings Dominion Theme Park, with
over 2,000,000 visitors per year.
Henrico County & Richmond - Henrico's 240,000
residents plus Richmond's 203,056. Home to seven (7) Fortune
500 Companies and fifteen (15) Fortune 1000 Companies! International
Development Research Council, and Site Selection magazine have
chosen The Greater Richmond Partnership as one of the nation's
"Top 10 Development Groups" for the second consecutive
year. Greater Richmond makes Fortune magazine's Top Ten list
of Best Cities for Business. Richmond Best Place to Live in the
South (Medium Sized City category) Money Magazine, 1998. Second
Most Affordable Housing Market in the Nation by E&Y Kenneth
Leventhal Real Estate Group, 1998. . #1 Mid sized City in the
United States for Small Business, Entrepreneur Magazine, 1997.
- James City County - Population - 43,176; Median Income
- $48,034; Land Area - 144.1 square miles. Population increase
has been 26.5% over the past eight years.
- Norfolk - population of 238,000, Norfolk ranks as
the second largest in population, 62nd in American cities with
populations over 100,000. Norfolk remains the site of the world's
greatest concentration of permanent naval installations. It's
quickly becoming "The Pentagon By The Sea."
- Reston - The Tysons, Reston, Dulles area is one of
the nation's fastest growing high tech centers. TRW, Oracle,
BTG just opened new buildings in Reston. (emailed
from Reston resident)
Golf Course Guide
- Suffolk County - 60,000 (estimate); state's largest
city of 430 square miles, half the size of Rhode Island. And
the region's population is projected to more than double over
the next 20 years. A vital center for manufacturing and distribution.
- Virginia Beach - most populous city, 2.5 million annual
visitors drawn to the sun and sand. Any kind of business is good
here! Service, hospitality, distribution or manufacturing. Plenty
of labor, customers and tourists.
Williamsburg - Second largest tourist attraction in the
Eastern United States. (Orlando's Disney rates #1.) Home of William
& Mary College, second oldest (after Harvard) in the country.
Great area for retail, hospitality and service businesses.
- York County - Due to its affordable quality of life,
York County has enjoyed a 38.5% population growth over the last
eight years.. A lower cost of living and lower taxes amplify
the median household income that is 34% above the national average.
Money Magazine recently named York County one of the best 100
education buys in America based on public school system standardized
test scores and median home prices. The 108-square-mile county
is 27 miles long, 6 miles wide at its broadest point, and ranges
in elevation from sea level to 124 feet above sea level. There
are more than 200 miles of coastline along the York River and
other creeks and estuaries.
- Loudoun County is ranked by the US Census Bureau as
the second fastest growing county in the United States with population
of 100,000 and over; and third ranked in the United
- States with population of 10,000 and over. Population increased
8.2% last year while up 67.1% over the last eight years!
- Looking for Virginia jewelry gifts? Click here!
Virginia Top Tourist Attractions -
- Colonial Williamsburg - 11.1 percent
- Blue Ridge Parkway - 10.4 percent
- Shenandoah National Park - 8.3 percent
- Busch Gardens Williamsburg - 7.9 percent
- Williamsburg Pottery - 7.3 percent
- Arlington National Cemetery - 6.9 percent
- Skyline Drive - 6.9 percent
- Potomac Mills Outlet Mall - 5.3 percent
- Mount Vernon - 4.5 percent
- Monticello - 4.3 percent
- September 19, 2000 Virginia Tourism Corp
I have found Virginia to be a thriving area for business.
Do your homework and any area will welcome a new business owner
or venture. The easiest and safest bet is to find a successful
ongoing operation that is willing to sell and buy it! Many of
the people have a stronger contract with their "word"
than you could ever get with a piece of paper. I have found that
the business people are polite, they actually listen to their
customers and go out of their way in the service department.
Too many businesses (especially restaurants) that I looked
at in other states had the attitude, "If you don't like
it, don't come back. There is someone else waiting to fill that
seat." The businesses in Virginia (especially restaurants)
want your repeat business. There is real "good-will"
established at most businesses here.
If you are contemplating a move to Virginia and anticipating
purchasing or relocating a business here, you will not be disappointed.
The business economics are great and the quality of lifestyle
can't be beat.
Call me when you are ready to begin! cb