About

Franklin Southampton Economic Development, Inc.

Franklin Southampton Economic Development, Inc. stimulates sustainable economic growth in the City of Franklin and Southampton County through business attraction and retention of existing industries, including small business development, entrepreneurship, and tourism. We focus on preserving Franklin Southampton’s rich economic heritage in manufacturing, forestry, and agriculture to inspire a thriving business climate within the Hampton Roads region.

About Us

Franklin Southampton at a Glance

1.8 million

Population: (Hampton Roads MSA)

Population (City/County)

  • Southampton County: 17,975 (2023 Census estimate)
  • City of Franklin: 8,339 (2023 Census estimates)

Employment

  • Southampton County: 8,847 (2.7% unemployment rate)
  • City of Franklin: 3,348 (4.2% unemployment rate)

Acreage in Enterprise Zones

  • Southampton County: 3410
  • City of Franklin: 878

Median Household Income

  • Southampton County: $67,813 (Census 2023 estimate)
  • City of Franklin: $57,537 (Census 2023 estimate)

$2.00 per $100 based on 30% of value

City Machinery and Tools Tax Rate

$1.03 per $100

City Property Tax Rate

$0.89 per $100

County Property Tax Rate

$2.40 per $100 based on 80% of income (first year)

County Machinery and Tools Tax Rate

Regional Advantages

Unique Businesses
Diverse and Skilled Employees
Vibrant Educational Opportunities
Low Tax Rates
Excellent Transportation Corridors
Small-Town Charm
Unique Businesses-alt
Diverse and Skilled Employees-alt
Vibrant Educational Opportunities-alt
Low Tax Rates-alt
Excellent Transportation Corridors-alt
Small-Town Charm-alt

Property Search

Property Search-alt

Property Search

Find available property for industrial and commercial use in Franklin Southampton.

Start your search

Office Space

Office Space-alt

Office Space

Receive an overview of programs and pricing offered at the Franklin Business Center.

Get details

Business Incentives

Business Incentives-alt

Business Incentives

Take advantage of local incentives for industry and businesses in Franklin Southampton.

Learn more

Latest News

Learn more about our culture, research methods and design philosophy.

View all
2024 July Board of Supervisors
Events 2 weeks ago
2024 July Board of Supervisors

The Southampton County Board of Supervisors will meet on July 23, 2024, from 6:00 PM to 9:00 PM at the County Administration Building. Contact the county for Live Stream options or for more...

Celebrating 20 years!!!
General 2 weeks ago
Celebrating 20 years!!!

July 1 marks FSEDI’s 20th year in operation! On April 25, 2005, the Franklin City Council and Southampton County Board of Supervisors unanimously adopted separate resolutions supporting the creation of Franklin Southampton Economic...

Southampton Veterinary Clinic Breaks Ground at New Site
Progress 2 weeks ago
Southampton Veterinary Clinic Breaks Ground at New Site

Years in the making, a dream come true. Southampton Veterinary Clinic PC broke ground on June 6th at their new site, 26364 Delaware Rd. Their expansion is expecting completion around the middle of...

Elisha Barnes and Hubs Peanuts Revive and Share Special Nut
General 2 weeks ago
Elisha Barnes and Hubs Peanuts Revive and Share Special Nut

In early June, local celebrities Elisha Barnes and Marshall Rabil, featured in Garden & Gun Magazine article “This Virginia Farmer Revives the Past to Grow a Special Peanut.” Elisha Barnes, in partnership with...