CEO Guide to Site Selection

Virginia

VIRGINIA IS FOR BUSINESS LOVERS

There’s a lot more to Virginia than its lush forests and mountains. Dig deeper in its urban areas and you’ll find the third-largest port on the East Coast, numerous manufacturers and plenty of Fortune 500 companies. IT and R&D facilities are in abundance here, taking advantage of the favorable business climate while also being near the movers and shakers in the District of Columbia. LEGO Group, Hitachi and IperionX Limited have announced projects here in the past year, and in May Boeing said it would relocate its headquarters from Chicago to Arlington.

“When the nation’s leading manufacturers are choosing to locate new facilities in Virginia, it demonstrates the success we are having in reinvigorating job growth and making Virginia an attractive place to do business.”
Glenn Youngkin
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

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 2010 and 2020

KEY INCENTIVES

Green Job Creation Tax Credit: Offers a $500 credit against the Virginia individual or corporate income tax for each new green job paying an annual salary of at least $50,000.

Port Volume Increase Tax Credit: Offers benefits to manufacturing, distribution, agriculture, mineral and gas companies that utilize Virginia’s port facilities.

The Major Eligible Employer Grant Program (MEE): A discretionary program used to encourage major basic employers to invest in Virginia and provide a significant number of stable employment opportunities

Major Business Facility Job Tax Credit: Qualified companies locating or expanding in Virginia are eligible to receive a $1,000 income tax credit for each new full- time job.

EDCs

Virginia Economic Development Partnership

vedp.org

Richmond 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

HIGHLIGHTED PROGRAM OR INITIATIVE

Energy remains a critical priority in Virginia. In October 2022, Gov. Glenn Youngkin announced a proposal for adding $10 million in the upcoming budget to create the Virginia Power Innovation Fund for research and development of innovative energy technologies, including nuclear, hydrogen, carbon capture and utilization and battery storage.

BIG DEALS

  • LEGO Group announced in June 2022 it will invest $1 billion in a manufacturing plant and create 1,760 jobs in Chesterfield County.
  • DroneUp announced in August 2022 a $7 million ex- pansion and 655 new jobs in Virginia Beach.
  • IperionX Limited announced in September 2022 a $82 million facility and 108 jobs in Halifax County.
  • Enabled Intelligence announced in September 2022 it will expand its headquarters and create 117 jobs in Fairfax County.
  • Pangiam announced in September 2022 it will establish its global headquarters and create 201 jobs in Fairfax County.
  • Aerospace giant Boeing announced in May 2022 that it would move its global headquarters from Chicago to Arlington.
  • Hitachi Energy announced in October 2022 a $37 mil- lion expansion and 165 new jobs in Halifax County.

BIG COMPANIES

21 Fortune 500 companies headquartered in state, including:

  • Freddie Mac 
  • General Dynamics 
  • Northrop Grumman
  • Capital One Financial
  • Dollar Tree
  • Performance Food Group
  • CarMax
  • Altria Group
  • DXC Technology
  • Dominion Energy
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.