Henrico County is one of the nation’s premier business environments. With its low tax rates, exceptional infrastructure and remarkable quality of life, Henrico has already attracted over 22,000 companies, from small start-ups to giant multi-national conglomerates.

The enterprise zone areas offer further proof of Henrico County’s commitment to maintaining its business-friendly approach, and to encourage economic and community prosperity in the Greater Richmond Metropolitan area.

Whether your business is large and ever expanding, small but in search of the right place to grow, or simply an idea in the heads of a few ambitious individuals, Henrico County is ready to help you realize its full potential.

What is an enterprise zone?

An enterprise zone is a specific area in a city, town or county targeted by a community for increased business and industrial development. Areas are so designated by the Governor of Virginia, following application by the local governing body. Once an enterprise zone is defined, property owners and both new and existing businesses within its limits can take advantage of incentives offered by state and local governments.

The long-term goals of an enterprise zone are to aid economic growth and enhance neighborhoods and communities within the zone.

What businesses qualify for zone incentives? Both new and existing businesses can qualify for enterprise zone incentives. The following types of businesses can participate in the program:

• Firms establishing a new business within the enterprise zone.
• Existing businesses relocating to facilities within the zone.
• Existing businesses already within the zone intending to expand.

Information

For more information on specific requirements, please contact the Henrico County Economic Development Authority or the following agencies: