Retail, professional services, technology and light industry are essential anchors for Richmond's neighborhood economies.
Thousands of opportunities are available in our neighborhoods for a variety of business which provide not only essential
services, but the conveniences Richmond's citizens have come to expect from our business community. Our city's Economic
Development Department is committed to vigorously pursuing capital investment and job creation in our neighborhoods.
Richmond is the only city in the country to have the culture, architecture, and urbane flavor of the Northeast, combined with attributes
of the Southeast like modern infrastructure, lower costs for business, and pleasant climate.
Top 5 Reasons to Do Business in Richmond
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Proven Corporate Powerhouse. Home to 7 Fortune 500 companies comprising a total of 10 fortune 500 and 1000 companies,
Richmond's economy is diverse and composed of everything from Biotech to Manufacturing to Professional Services Headquarters.
- Quality of Life. Low cost of living, pleasant climate, unique architecture, and an average 24 minute commute!
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Location, Location, Location. The capital of Virginia, Richmond is located roughly halfway between Boston and Miami.
Interstates 95, 64, 85, 195, 895, and 295 intersect in Richmond. 50% of the nation's consumers are within a day's drive.
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World-Class Workforce. The Richmond area draws from over 40 localities statewide and has excellent educational institutions:
Virginia Commonwealth University, one of the nation's top research universities, as well as University of Richmond,
Virginia Union University, and several others. Virginia is also the Northernmost Right to Work State.
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Available Real Estate and Business Incentives. From Class A office space on the James River to upscale shopping malls to
cutting-edge Biotech facilities, Richmond has low-cost available space. Contact the Department of Economic Development for
available real estate in our program areas and to examine the incentives that make business even easier in Richmond.
