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.

Tax Advantages

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)

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.

Contact

Stay in sync with Stafford. Contact Liz Barber, Business Development Officer, for information.