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: 17,966 (2022 Census estimate)
  • City of Franklin: 8,247 (2022 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 2022 estimate)
  • City of Franklin: $57,357 (Census 2022 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
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Property Search

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Property Search

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

Start your search

Office Space

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Office Space

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

Get details

Business Incentives

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Business Incentives

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

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Latest News

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

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2023 in Review
General General 2 months ago
2023 in Review

2023 was an exciting year for the Franklin Southampton economy. Despite predictions of a national recession, the U.S. and regional economy was generally good, and positive momentum appeared in Franklin Southampton as well....