Advantages & Accolades
Strengths of Hanover County, Virginia
In Hanover, residents get the best of both worlds; they can live a relaxed life in the country while still being able to take advantage of the region's urban amenities. The County prides itself on maintaining its rural roots and offering residents a laid-back lifestyle. Hanover is also close to Richmond, offering quick, easy access (it's a mere 15-minute drive to Downtown Richmond) to upscale shops, fine dining and a host of museums, galleries and other attractions.
Hanover has prime access to Interstates 95 and 295, which have 125,000 vehicles/day and 92,500 vehicles/day, respectively. There is an extensive network of commuter and freight rail lines. The County is served by a regional airport and is in close proximity to Richmond International Airport. Highway access also makes traveling easy; regional amenities, Washington, D.C., the beach and the Blue Ridge Mountains and Shenandoah Valley are all within a two-hour drive of Hanover.
Strong, well-run local government
Hanover County is the smallest U.S. county (by population) to have a AAA bond rating from all three ratings agencies. There are only 34 "Triple AAA" counties (out of 3,034) in the U.S. This reflects well not only on Hanover County finances, but also on the general economic outlook for Hanover.
Hanover County leads the region with the lowest government cost per capita ($85.63), showing a focus on priority service areas. Hanover continues to have the lowest real estate tax rate ($0.81) in the region. There is no business license tax (except for contractors), a distinct advantage for Hanover businesses.
Virginia is a right-to-work state. There are low levels of unionization and union election activity in the County and state.
Quality public schools
Compared to other school districts in Virginia, Hanover County has the second lowest dropout rate (2.6%) and the second highest graduation rate (95.5%).
High quality of life
Hanover has been recognized by Forbes, Bloomberg BusinessWeek, Money magazine and the American City Business Journals for its superior quality of life.
Hanover County is home to a thriving agricultural industry. A rural conversation program is also in place. Hanover is also committed to fostering "green" businesses through its involvement in the Dominion Resources Innovation Center (DRIC). DRIC helps entrepreneurs who are starting early stage businesses focused on clean, green, alternative energy related technologies and services.
Hanover County's future looks bright, with promising population growth and the expansion of its destination retail corridor.
Recognition for Hanover County, Virginia
- Hanover is located in the Commonwealth of Virginia, which has been named “The Best State for Business” by Forbes.com for the past four years.
- Forbes ranked Hanover County as No.7 in the “Best Places for Business and Careers” and No.10 in the “Best Places to Get Ahead.”
- Hanover was recognized as one of the “100 Best Communities for Young People” America’s Promise Alliance in 2007 and 2008.
Bloomberg BusinessWeek has identified Hanover County as a “Top Place to Raise Children”
- Hanover community Ashland took top honors, as it was named the “Best Place to Raise Children” in Virginia.
- Mechanicsville, another community in Hanover County, was named runner-up.
- In July 2009, Money Magazine named Mechanicsville as one of the “Top 100 Best Places to Live,” based on economic opportunity, good schools, safe streets, things to do and sense of community in the area.
- American City Business Journals ranked Hanover County among the top 50 localities in the United States for quality of life.