As a business owner, choosing the right location for your business is essential. It can make or break your success. Stafford, Virginia offers many advantages to businesses, including a tax incentive that is rare in this part of Virginia: No BPOL Tax.
By not having a Business Professional and Occupational License (BPOL) Tax, Stafford makes it easier to get a business started and to keep it operating successfully. BPOL Tax is known as a tax on business gross receipts (sales).
Below is a chart that shows a comparison of the BPOL tax paid by businesses in Stafford and the surrounding counties in the Northern Virginia area, organized from highest to lowest amount. It’s easy to see that those few cents on every dollar add up and make a big difference. With Stafford not having a BPOL tax, business owners are able to invest more back into themselves and the community. What could your business do with an extra few thousand dollars each year?
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Source: Stafford County Commissioner of the Revenue’s Office
Beyond costing your business less, Stafford as many other advantages. Stafford’s proximity to Washington, D.C., offers the best of both worlds. While it provides the benefits of being close to the hub of government, it also offers a more affordable and business-friendly environment. The reality is that taxes can be high in areas that are considered “hot” or “cool,” but Stafford offers the ideal balance of desirability and affordability for entrepreneurs and start-ups.
Furthermore, Stafford is a great place for business expansion. The county has a AAA Bond rating, so it has the resources to grow with its businesses. This, combined with low interest rates and innovative business financing options offered by the Stafford EDA makes Stafford an ideal place for business. Contact us to learn more about the Stafford Advantage.
Our Department of Economic Development also provides an invested associate approach to businesses. The county government is dedicated to helping businesses succeed in Stafford. We provide a one-stop-shop for businesses and make it a priority to meet with owners to understand their specific needs. We offer customized and curated business solution resources to help businesses achieve their goals in innovative and creative ways.
Finally, Stafford is a community that values partnerships and connections. The RIoT and Virginia Smart Community Testbed programs showcase the county’s commitment to supporting businesses. They connect businesses with credible resources, partners, and community stakeholders, such as UMW, Germanna, SBA, Quantico, schools, and other local businesses. This provides businesses with a supportive and inclusive environment that is essential for success.
Stafford, Virginia offers a unique and attractive advantage for businesses. With its No BPOL Tax, low-interest loans, and invested associate approach, Stafford is an ideal place to locate or expand your business. Join the thriving business ecosystem in Stafford today and start reaping the benefits of the Stafford Advantage. Interested in opening or growing your business in Virginia and a fast-growing and innovative community? Explore our website for details and connect with our dedicated team of professionals today.