Tax Rates and State Incentives Drive Success in Fairfax County

Fairfax County has a fair and competitive tax structure and a strong commercial tax base that helps support a high quality of life. It’s not enough that businesses want to come to the region. We want them to stay.

The Commonwealth of Virginia has not raised its 6 percent corporate income tax rate since 1972. Be sure to download the FCEDA’s fact sheet full of Fairfax County tax information to get started. State incentive programs are designed to attract—and keep—businesses here. The FCEDA is here to connect you with them.

The Virginia Jobs Investment Program (VJIP) is an economic development incentive that supports the creation of new jobs and investment in the Commonwealth by offsetting recruiting and training costs for new and expanding companies. Eligibility is limited to growth by qualified companies in these sectors: corporate headquarters, distribution centers, information technology, manufacturing, research and development, and shared service centers.

VJIP consists of three initiatives:

  • The New Jobs Program focuses on expansions of existing companies or new facility locations.
  • The Small Business New Jobs Program is designed specifically for Virginia companies that have 250 employees or fewer company-wide.
  • The Retraining Program is limited to projects by for-profit companies in the manufacturing and distribution center sectors. This program provides services and funding to help them upgrade the skills of their existing employees.

Other Virginia programs include resources from the Office of the Governor for qualifying companies based on criteria established by state legislation to promote the creation of new jobs and investment. These programs are usually used for activities such as transportation access, infrastructure improvements or other site-related developments.

And more recently, Fairfax County has set up its Economic Incentive Program (EIP) in 2020 to offer advantages to companies who develop property in certain parts of the county. The EIP ensures that no corner of Fairfax County doesn’t benefit from the boom in businesses moving into the region.

Wanting business resource support? Let us help.

David Kelley, Director, National Business Investment

David Kelley

Director, National Business Investment

Rankings & Facts


is where Fairfax County ranks among lowest corporate tax rates in the U.S.


Is the corporate tax rate that remains unchanged since 1972


is the decrease in property tax since 1978