Thanks to state and local incentives, extensive infrastructure, and an ideal location, many household name brands choose to make their products in Virginia. The state’s food processing sector is comprised of several well-known companies, including Hershey, Lipton, MillerCoors, Gatorade, Sabra, Stone Brewing, and many more. Virginia’s vibrant economy, welcoming business climate and highly trained workforce make it a great place to take your business.
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 food processing industry accounts for more than 16% of the states total manufacturing employment and over 39,000 employees. Virginia’s renowned higher education system feeds a pipeline of talent, ensuring businesses a steady stream of skilled new graduates into the workforce. programs at Virginia’s colleges and universities focus on training and research for food and beverage production.
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.
