Business Assistance

Partnering Tradition With Progress-alt

Partnering Tradition With
Progress

The City of Franklin and Southampton County encompasses a geographic area of over 600 square miles within the Hampton Roads Region of Southeastern Virginia. Combined, the two communities are home to 26,000 of the 1.8 million people in the Hampton Roads Metropolitan Statistical Area. They offer a strong business climate with a wide range of existing companies, skilled employees, educational opportunities, low tax rates, excellent transportation corridors, and a charming small-town feel. With a rich economic heritage in manufacturing, forestry, and agriculture that is unique across the region, the City of Franklin and Southampton County push for economic growth, ready to embrace new industries.

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The Commonwealth of Virginia
is the Best State for Business

Virginia’s premier location offers excellent domestic and international access. Centrally located on the U.S. East Coast, 40 percent of the U.S. population is within a day’s drive, and our integrated transportation system of highways, railroads, airports, and seaports ensures that you can reach every one of your markets efficiently. Proximity to Washington, D.C. facilitates contact with policymakers and the Federal government system. Business-first values, easy access to markets, stable and competitive operating costs, and a talented workforce are what encourages businesses to prosper here for more than 400 years.

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The Commonwealth of Virginia is the Best State for Business

What Makes Us Great

  • Virginia has maintained an AAA bond rating since 1938, longer than any other state.
  • Right-to-work law allows individuals the right to work regardless of membership in a labor union or organization.
  • Corporate income tax rate of 6% has not been increased since 1972.
  • Headquarters to 36 Fortune 1000 firms and 70+ firms with annual revenue over $1 billion.
  • More than 17,300 high-tech establishments operate in Virginia, alongside over 700 internationally-owned businesses from 45 different countries.
  • Ranks third among the 50 states as a recipient of Federal R&D funds.
  • Cost-effective recruitment training programs to help new businesses become operational faster.
  • Ranked as one of America’s leading states for business by CNBC and Forbes.com.
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