Spotlight on: Loudoun Business Incentives
There are many compelling reasons to move your business to Loudoun, VA. A desirable location; access to the world’s largest customer, the federal government; an unparalleled abundance of fiber; and a highly-educated talent pool. Loudoun also offers a variety of financing and incentive options to help your business even more.
One such example is the Governor’s Opportunity Fund. This fund is available to companies that offer an annual wage above the local average, invest $10 million or more, and create 100 jobs in Loudoun.
We also reward companies that create local jobs. The New Jobs Program is an incentive available to companies that create at least 25 new, full-time jobs in Virginia within the first year and make a new capital investment of $1 million or more. There’s also a version of the incentive available for businesses with 250 employees or fewer.
Loudoun also offers targeted incentives to key industries. For companies within our Aerospace cluster, we offer reduced tax rates on aircraft & flight simulators, satellite imaging/manufacturing equipment, and more.
If your business is Information & Communications Technology, you could be eligible for reduced tax rates for computer information online services. Software development companies and government computer software/hardware resellers could also be eligible for BPOL tax exemption when they locate in Loudoun.
For more information on all of our incentives, visit our Incentives and Financing page. If you have any questions about why locating in Loudoun, VA is right for you, contact Buddy Rizer.