BUSINESS RESOURCES

Here are just a few of the business services the Henrico EDA offers:

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START A BUSINESS

A lot of research, time and planning go into starting a business. Often, new business owners have more questions than answers. At the Henrico EDA, we’re here to help. We’re your main point of contact for all things business in Henrico. Explore the additional resources below and let us know if you have any questions. 

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  • Business One Stop
    No matter where you are in the evolution of your business, this guide from the Virginia Department of Business provides essential tips and steps.
  • Henrico County
    Obtain a business license, determine your ownership structure, register your business and more on the Henrico County government website.
  • Henrico County TV “Open for Business”
    Check out Henrico County’s educational video on how to get your business up and running.

GROW A BUSINESS

Once you’ve started your business, the next step is growing it. The Henrico EDA offers a wealth of business resources to help you manage your company and take it to the next level.

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  • Greater Richmond Small Business Development Center
    Explore an expansive business resource library and get paired with local small business mentors through the Thrive! Program.
  • Venture Forum RVA
    Venture Forum RVA provides regular programs and events where entrepreneurs can learn and make critical connections to fuel the growth of their business – and turn visionary ideas into reality.
  • Service Corps of Retired Executives (SCORE)
    Connect with the nation’s largest network of business mentors and get started with a free practical action plan, plus the tools and education you need to drive business success.
  • U.S. Small Business Administration
    The United States Small Business Administration offers a variety of assistance programs and services to small businesses - including loans, loan guarantees, contracts, and counseling sessions.
  • Virginia Council of CEOs
    This council of over 180 local CEOs provides a learning community and network of resources to help navigate the challenges of being a company leader.

FINANCING

Financing alternatives are available through a variety of organizations, including those listed below.

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  • Henrico EDA Industrial Revenue Bonds
    Your business may be eligible for Henrico County tax-exempt industrial revenue bonds.
  • Virginia Community Capital Group
    Get the funding your company needs with flexible loan capital and lines of credit designed specifically for small businesses.
  • Virginia Department of Small Business and Supplier Diversity
    The SBSD is the Virginia state agency dedicated to enhancing the participation of small, women- and minority-owned businesses. Certified SBSD businesses have access to business development and procurement advocacy programs.
  • Virginia Small Business Financing Authority
    VSBFA is Virginia’s economic development and financing organization, dedicated to helping banks increase their ability to make commercial loans available to businesses.
  • U.S. Small Business Administration
    The SBA offers access to loan programs, SBIC investments, surety bonds, venture capital and research grants for small businesses.

INCENTIVES

Henrico County and the State of Virginia offer numerous incentives to existing businesses and companies that are new to the county. From economic and job training assistance to real estate tax credits, our incentive opportunities give you an added advantage. The Henrico EDA can help you determine which incentives your company may qualify for or assist you in creating a specialized incentives package. Contact us today for more information.

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VIRGINIA INCENTIVES

  • Customized Recruiting and Training Incentives
  • Virginia Enterprise Zone Program
  • Corporate Tax Credits
  • Discretionary Incentives

HENRICO INCENTIVES

  • Fast-Track Permitting Process
  • Defense Production Zone
  • Henrico Enterprise Zone Program
  • Foreign Trade Zone #207 at Richmond International Airport
  • Commercial Rehabilitation Real Estate Tax Exemption

Find out more about available incentives here.


WORKFORCE

Investing in your workforce is just good business. Companies with employees who are highly trained and well educated have higher retention rates, a more engaged staff and better bottom lines. That’s why we’re dedicated to connecting businesses with local educational opportunities. Some of these include:

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  • RESOURCE
    Funded through the Workforce Innovation and Opportunity Act (WIOA)
  • Virginia Employment Commission
    Through the Virginia Employment Commission, you can post job openings and look for candidates, access assistance and incentives, file taxes, and more.
  • Community College Workforce Alliance (CCWA)
    This partnership between Reynolds Community College and John Tyler Community College provides
    non-credit training, customized instruction, consulting, skills assessments and educational programs.
  • Henrico County Public Schools Adult Education Program
    This program offers a variety of continuing education and career readiness courses for adults, including ESOL, licensed practical nursing and ABE/GED programs.

BUSINESS ASSOCIATIONS

Henrico County business executives from all industries have the opportunity to participate in various local business associations and groups. Please contact us for more information on which group might be the best fit for you.

Henrico County gives companies every reason to locate here – and every reason to stay. Let us help you get started. Contact us at 804.501.7654 if you have any questions.