Starting Your Business Off Right
In Fairfax County, ensuring that small businesses succeed is our top priority.
How can Fairfax County help your start-up hit the ground running? It doesn’t hurt that Virginia is ranked the 16th lowest corporate tax state in the nation by the Tax Foundation, and Fairfax County has the lowest BPOL tax rate for most business sectors in Northern Virginia.
Fairfax County and Virginia provide fast, easy and secure methods for businesses to manage their tax responsibilities.
Scroll down the page to learn more about state and local taxes, as well as incentives and funding options available to you.
Fairfax County has a fair and competitive tax structure and a strong commercial tax base that helps support our quality of life. As for the state, the Commonwealth of Virginia has not raised its corporate income tax rate since 1972. In the meantime, the latest fact sheet provides all of the essential Fairfax County tax information.
State incentive programs are designed to attract—and keep—businesses here. The FCEDA is here to connect you with them. Some of the major incentives include:
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 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 eir existing employees.
Other Virginia Programs: The Office of the Governor provides resources to 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.
Our diverse businesses and entrepreneurs energize the entire community in a climate that’s driven by innovation and entrepreneurship—and the FCEDA is here to help fuel that spirit of innovation with connections to venture capital, resources and other financial help in Fairfax County.
Since 2003, the FCEDA offers an Entrepreneurship 101: Starting a Business in Fairfax County seminar. At these free workshops, representatives from the FCEDA and Fairfax County, the Community Business Partnership, the Virginia Department of Small Business and Supplier Diversity, and the U.S. Small Business Administration give helpful presentations on a wide range of topics and issues. More than 5,000 entrepreneurs and would-be business owners have attended one of these sessions.
Innovative Fairfax County companies receive millions of dollars in venture capital and private-equity financing every year. Law firms, accounting firms and banks that specialize in serving the venture community also have a growing presence in the county. The Capital Investment in Fairfax County fact sheet can give you all the details.
The FCEDA’s Capital Attraction Program is all about enhancing the county’s visibility as a location for entrepreneurs to start and grow their businesses. If you are an equity investor or affiliated with a venture capital firm interested in doing business in Fairfax County contact FCEDA’s Capital Attraction Program.