Why Virginia?

Abingdon Virginia

Virginia offers businesses more opportunities to grow and succeed.

Virginia has it all!

Universal-Fibers-20160323_111451_SQ

– Pro-business environment

– Low operating costs

– Access to global markets

– Skilled and educated workforce

Virginia is a right-to-work state.

At 5.4%, Virginia has the 9th lowest unionization rate in the country (Bureau of Labor Statistics, 2015).

The state has maintained its AAA bond rating since 1938, longer than any other state.

Virginia has a corporate income tax rate of 6%, which it has not raised in 40 years.

The personal income tax system consists of four brackets, with a top rate of 5.75%.

Its 5.3% sales tax is lower than the national average by .65%.

Universal Fibers plant

Virginia by the numbers

Contact Us

  • Whitney Bonham
    Whitney BonhamDirector of Economic Development and Community Relations
    wbonham@washcova.com
    Tel. 276-525-1300