Virginia is a desirable location for manufacturers, offering companies connection to the U.S. and the world with first-class roads, rail, and port infrastructure. From craft beer and snack cakes to steel beams and flooring, to semiconductors and rocket engine manufacturers, the state of Virginia boasts a wide variety of products. Concentrated industry populations are found throughout the state, creating a solid foundation for manufacturers that are supported by a skilled and talented work pool.
Location
Virginia’s central location on the East Coast and robust transportation network ensures optimal access to highways, railroads, airports, and seaports. Virginia is a gateway for regional and international markets. The regions extensive infrastructure includes 6 major interstates, 11 railroads, 16 commercial airports, and the third largest port on the East Coast- The Port of Virginia. As a result, nearly 50% of the U.S. population is less than a day away.
Workforce
Virginia’s top-ranked educational institutions offer world-class engineering programs, excellent job training, and a pipeline of skilled workers. Universities, community colleges, and vocational schools offer access to advanced technology industry training and credentials.
Business Climate
Virginia is ranked No. 1 by CNBC for best states for business. Dominion Energy electric rates are 30% below the U.S. average. Virginia has a stable 6% corporate income tax and 4.3% effective corporate tax for more mature, labor-intensive manufacturers. Virginia’s agricultural production is one of the most diverse and significant in the nation.
