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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Diverse and Skilled Employees-alt
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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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THE RESULTS ARE IN! Congrats to our 2024 STARTUP Winners!!!
Progress 9 hours ago
THE RESULTS ARE IN! Congrats to our 2024 STARTUP Winners!!!

The entrepreneurial spirit was alive and thriving at the 2024 STARTUP Franklin Southampton Awards Night & Expo, held at the Hubs Vine on May 16th. The evening was a celebration of innovation, creativity,...

Coastal Virginia Tourism Alliance Celebrates  Thank the Visitor Day May 10 at Norfolk International Airport
Events 2 weeks ago
Coastal Virginia Tourism Alliance Celebrates Thank the Visitor Day May 10 at Norfolk International Airport

COASTAL VIRGINIA – (May 9, 2024) – Regional tourism partners will come together at Norfolk International Airport on Friday, May 10 from 9 a.m.– 2:00 p.m. to celebrate Thank the Visitor Day with air...

Career and Technical Education Expo
Events 2 weeks ago
Career and Technical Education Expo

Franklin City Public School is hosting its Career and Technical Education (CTE) Expo on Thursday, May 23 from 5:00-7:30 pm at the Franklin High School, 310 Crescent Drive, Franklin, Virginia.   CTE programs...

Wrapping Up on STARTUP! Thank You Sponsors & Mentors!
Events 2 weeks ago
Wrapping Up on STARTUP! Thank You Sponsors & Mentors!

As the STARTUP Franklin Southampton pitch contest program draws to a close, participants are gearing up for the final showdown. With the Grand Prize of $20,000 and Runner Up of $15,000 on the...

New FBC Clients!
Events 2 weeks ago
New FBC Clients!

Traci R. Butler, MA, LPC, CFRC of Wonderwall Therapeutics, LLC has hit the ground running after signing her lease at the Franklin Business Center on April 1st! Ms. Butler is a licensed professional counselor that...