CEO Guide to Site Selection

Virginia

Accelerating Innovation in the Old Dominion State

To build on its strengths in advanced manufacturing, defense and technology, Virginia launched a wave of initiatives to attract high-value industries and strengthen its workforce. In June 2025, the Virginia Economic Development Partnership rolled out the Business Facilities Workforce Training Program to help companies expand job readiness across key sectors. The Made in Virginia Investment Accelerator is also aiming to drive significant capital investment and manufacturing growth statewide.

“I am focused on growing business investment across our communities, building a more resilient economy and making life more affordable for Virginia families.”
Abigail Spanberger
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Tax Competitiveness Index

EDUCATION

0 %

of students graduated high school in 2019

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2020 and 2024

KEY INCENTIVES

Virginia Jobs Investment Program: Offers cash grants to businesses that invest $1 million and create at least 25 new jobs paying 1.35 times the federal minimum wage.

Major Eligible Employer Grant: Offers grants for businesses making at least a $100 million capital investment.

EDCs

Virginia Economic Development Partnership

vedp.org

Richmond VA Economic and Community Development

rva.gov/economic-development

Greater Richmond Partnership

grpva.com

Virginia Beach Economic Development

yesvirginiabeach.com

Norfolk Department of Economic Development

norfolkdevelopment.com

BIG DEALS

  • LEGO Group announced in May 2025 a $366 million investment and 305 new jobs at a new facility in Prince George County.
  • Amazon announced in May 2025 it will build a robotics fulfillment center in Goochland County.
  • Google announced in August 2025 that it will invest $9 billion in the state by the end of 2026.
  • Eli Lilly announced in September 2025 a $5 billion manufacturing facility in Goochland County.
  • AstraZeneca announced in October 2025 a $4.5 billion facilities investment in Albemarle County.

BIG COMPANIES

Twenty-five Fortune 500 company HQs in the state.

Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.