NEWS ITEMS
AROUND THE WEB
NEWS ITEMS
AROUND THE WEB
2009 Gold & Silver Shovel AwardsArea Development’s annual Gold and Silver Shovel Awards recognize states for their achievements in attracting high-value investment projects that will create a significant number of new jobs in their communities. More |
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Virginia: Diverse Industries Plus Foreign Investment Equal Resilient EconomyIndustries such as defense, logistics, alternative energy, and high-tech give Virginia leverage against the recession. More |
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Smaller Towns Teaming Up Through Regional Economic Development PartnershipsMore second- and third-tier markets, both rural and suburban, are combining their economic development resources. More |
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America's Public Power Utilities-Maximizing EfficiencyTo build a brighter tomorrow, businesses need to build partnerships, and the most fortunate ones are finding valuable partners on the other end of the electric line More |
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NEWS ITEMS
AROUND THE WEB
NEWS ITEMS
AROUND THE WEB
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LABOR FORCE: 4,165,061 (June 2008)
RIGHT TO WORK: YesTRADITIONAL INDUSTRIES: Transportation equipment, electronic equipment, machinery, printing, food processing, chemicals, wood products, tourism, maritime industry
EXPANDING INDUSTRIES: Aerospace, life sciences, advanced manufacturing, defense/homeland security, information technology, finance and insurance, global logistics, modeling and simulation, energy, corporate headquarters, plastics and advanced materialsCOLLEGE GRADUATES: (Age 25 and over) 32.7% (2006)
BASIC BUSINESS TAXES:Sales and Use Tax: 5 percent (4 percent state plus 1 percent local tax) in all counties and cities; broad tax exemptions for manufacturers and R&D are available
Property Tax: Not taxed at the state level and varies among local entities; real property assessed at 100 percent of fair market value; business personal property (including machinery and tools) assessed at varying percentage of original cost BUSINESS INCENTIVES: