Stafford In Sync
When it comes to business attraction and retention, Stafford responds to the rhythms of the regional economy. From tax relief to workforce training, Stafford’s toolkit keeps businesses competitive. The needs of target industries inform offerings, keeping incentives in sync.
Continually ranked as one of America’s top states for doing business by CNBC, Virginia incentivizes investment in its communities. Building upon state incentives, Stafford’s competitive tax advantages include:
- No BPOL tax/gross receipts
- Low merchant capital tax on logistics and distribution
- Low property tax
- Aggressive property tax depreciation (detailed schedule)
Timely approvals minimize costs and speed investment. Stafford front loads the permitting process, facilitating pre-development planning with the appropriate agencies. From planning to zoning, Stafford keeps projects on pace.
Technology Zone Incentives for New Development or Business Expansion Projects
The Stafford County Board of Supervisors established a Technology Zone, incorporating a large portion of Stafford’s primary business areas within the zone boundaries. Under the Technology Zone program, companies that meet qualifying capital investment and job creation requirements may be eligible for expedited review processes, permit fee waivers, and tax relief.
Stafford County Opportunity Fund
The Opportunity Fund is a discretionary incentive available to secure a business location or expansion project for Stafford County.
SBA – HUBZones
Stafford County has two Federal HUBZones (Historically Underutilized Business Zone), which encompasses areas near Marine Base Quantico and large tracks of southern Stafford. Benefits include competitive and sole source contracting, and a 10% price evaluation preference in full and open contract competitions, as well as subcontracting opportunities.
Virginia Commonwealth State Incentives
The Commonwealth offers a variety of discretionary economic development incentive programs. Explore here.
Stay in sync with Stafford. Contact Josh Summits, Business Development Officer, for information.
Seize the Stafford Advantage. Contact Josh Summits, Business Development Officer, for customized property searches and more.
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