Greater Richmond,

“As a Virginia corporation since 1929, we’ve long known the benefits of doing business in the Greater Richmond area. When we were looking to relocate the New York headquarters of Philip Morris USA in 2003 and Altria in 2008, the area’s accessible location, low cost of living, talented workforce, and business-friendly climate made the choice easy. This is a vibrant com- munity where businesses and their employees can thrive.”

Marty Barrington, Chairman, CEO, and President, Altria Group, Inc.

One of the South’s Ranks 2nd for Top international top places to total Fortune destination relocate your HQ 500 firms vs. for food travel - Southern Business - National Geographic & Development peer cities Traveler REGIONAL HIGHLIGHTS

Business Climate jExecutive Lifestyle Cultural Amenities With low taxes, responsible fscal policies Greater Richmond boasts top-quality ameni- Museums, monuments, battlefelds and and a business-friendly regulatory and legal ties typically reserved for much larger cities. historic homes refect Greater Richmond’s environment, Virginia is consistently rated Executive residences include historic luxury 400-year history. Richmond hosts its own among the top states for business by Forbes. homes and expansive estates along the Symphony, Ballet, Opera & Broadway. The com and CNBC. At 6 percent, the corporate . Richmond Executive Airport Virginia Museum of Fine Arts offers world income tax in Virginia has not changed since offers effcient access for private fights. class exhibits including the largest Fabergé 1972. Additionally, Virginia is one of only Opportunities for golf, fshing and hunting egg collection outside of Russia. Numerous three states that has held a AAA bond rating abound, including the renowned Country Club festivals, from the Folk and Jazz, to French for 50 years or more. of Virginia and Deep Run Hunt Club, one of Movie Festival and Dominion Riverrock, lure the premier fox hunting clubs in the country. thousands of visitors to the area.

KEY COMPANIES Greater Richmond is home to a multitude of headquarters representing a wide range of industries. Below, in bold, are Fortune 1000 headquarters along with other domestic companies with large employment in the region:

Company HQ Fortune Rank Origin Employees Business Type Altria Group P 149 Relocated from 3,800 Tobacco and wine products Performance Food Group P 185 Formed in area 694 Food wholesaler CarMax P 191 Spun out of local company 1,306 Automotive retailer Dominion Resources P 243 Formed in area 5,433 Electric and gas utility WestRock P 251 Relocated from Connecticut 668 Packaging Owens and Minor P 291 Formed in area 609 Health care wholesaler Genworth Financial P 306 Formed in area 1,134 Insurance Markel P 476 Formed in area 1,886 Insurance Brink's P 714 Relocated from Connecticut 100 Security services Universal P 902 Formed in area 120 Tobacco wholesaler NewMarket P 934 Formed in area 390 Chemicals

Capital One Financial Corp. 112 Expansion 11,262 Credit Cards

HCA Holdings 63 Expansion 7,628 Healthcare SunTrust Banks, Inc. 329 Expansion 3,810 Banking

CORPORATE REAL ESTATE The has several potential sites for your Corporate Headquarters. Whether you would like to locate downtown along the James River or in a suburban master-planned park, the perfect place can be found for your company. With a diverse mix of architectural styles that range from modern high rises to renovated post-bellum structures, Richmond offers a unique sense of place. On average, class A Offce space in Greater Richmond is signifcantly less expensive than in other metros. Addition- ally, construction costs are 13 percent below the national average. TALENT PIPELINE

of the 25+ population hold bachelor’s degrees or higher The region’s Kinloch Golf Club is ranked number one in the state by Golf Digest, 2011-2015

of the population professional groups have some college and associations The Va. Capital Bike Trail connects Richmond to historic Williamsburg via a 52-mi. span

students enrolled degrees conferred in area higher-ed annually

Named one of the top 3 Best Outdoor Cities by Blue Ridge Outdoors magazine

Virginia Commonwealth University (VCU) The University of Richmond • School of Business ranked in the top • Top ranked Liberal Arts University 5 percent of business schools in the country worldwide • Robinson School of Business, ranked Richmond’s is • VCU’s Brandcenter, No. 1 branding 15th nationally by Businessweek among the American Planning school in the nation • Nationally acclaimed law program Association’s top 10 Great Neighborhoods

INDUSTRY INCENTIVES The Richmond Region and the Commonwealth of Virginia offer a variety of incentives for both new and expanding businesses. Below is a selection of available incentives applicable to corporate headquarters. Contact the Greater Richmond Partnership for further information about additional incentive opportunities.

Virginia’s corporate income tax is 6% and no unitary tax is levied on Virginia companies’ worldwide Corporate Income Tax profits. Commonwealth Opportunity Designed as a “deal closing” fund to be employed at the Governor’s discretion when necessary to Fund secure a company location or expansion in Virginia. Assists and encourages companies to invest and to provide new employment opportunities by Virginia Economic Development locating significant headquarters, administrative, research and development and/or similar service Incentive Grant and basic sector operations in Virginia. Major Business Facility Qualified companies locating or expanding in Virginia receive a $1,000 corporate income tax credit Job Tax Credit for each new full-time job created over a threshold number of jobs. Discretionary performance incentives designed for Virginia major employers making a large capital Major Eligible Employer Grant investment and hiring commitment. Virginia Jobs Investment Incentive supporting the creation of new jobs and investment by helping employers with hiring and Program training expenses. WHY GREATER RICHMOND FOR YOUR BUSINESS? Richmond is the capital of Virginia, the center of commerce, government and academic endeavors: n Home to 8 Fortune 500 headquarters n Population of nearly 1.3 million n 6% corporate income tax rates hasn’t changed since 1972 n Located at the mid-point of the East Coast, less than 100 miles from Washington, D.C., with more than 50 percent of the nation’s consumers within a 750-mile radius n Excellent transportation network with rail, air, and port service n Nearly 30 colleges and universities with almost 80,000 stu- Richmond dents and more than 15,000 degrees conferred annually n Virginia is a right-to-work state with moderate wages, low levels of unionization, and Unemployment and Workers’ Com- pensation costs among the lowest in the U.S.

Top 10 Top 10 Mid-Sized Best Best States American Cities Big City for Business of the Future Job Markets - Forbes, - fDi Magazine, - ZipRecruiter, 2015 2015 2015

BUSINESS CLUSTERS This Corporate Headquarters cluster brochure is part of a library of information. Other cluster and specialty brochures include:

Professional Supply Chain Advanced Corporate & Creative Management Manufacturing Headquarters Services

Finance & Food & Health & Life Data Centers Insurance Beverage Sciences

901 East Byrd Street | Suite 801 | Richmond, VA 23219 | 804-643-3227 | grpva.com The Greater Richmond Partnership, Inc., is the regional economic development group representing the City of Richmond and the Counties of Chesterfield, Hanover and Henrico. We ofer site location assistance and other services to domestic and foreign companies planning new or expanded facilities.

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