Hanover’s Perspective
Four Big Reasons to Put Your Business in Hanover
Business investment decisions are about the bottom line, about generating profits. For businesses to invest in Hanover County, the investment must translate into business profits. So what value propositions does Hanover County offer to potential business investors? How would a Hanover business owner respond when asked what’s so great about Hanover County? Here are a few answers:
Reason #1: Location and Access
Centrally located on the East Coast, Hanover County is ideally situated along Interstates 95 and 295. This prime access connects Hanover to every major city on East Coast, and provides one-day access to more than 50 percent of the U.S. population. That’s a lot of customers within a 24-hour drive! We also have easy access to Hanover County Municipal Airport, Richmond International Airport, the Port of Richmond and the Port of Virginia.
Bottom Line: If you need to get customers or if your customers need to get to you — Hanover County has the right location for your business investment.
Reason #2: Low Business Costs
Hanover County works hard to be the best value location in the region for businesses. We have great platform on which to build because Virginia is often ranked as the top place to do business in the United States, in part because its Workers’ Compensation and Unemployment Compensation costs are among the lowest in the nation. Hanover leads the region with the lowest government cost per capita, has the lowest real estate property tax rate in the Greater Richmond region, has no Business and Professional Occupation License Tax (except for contractors) and more.
Bottom Line: If your business investment can benefit from the best value for the governmental costs paid — Hanover County has the right location for your business investment.
Reason #3: Skilled Labor Force
Great employees make for a great business. We have a skilled workforce in Hanover County, in part because we can draw from a labor force in the Richmond region with a growing population exceeding 1.2 million. Hanover is a magnet for labor, drawing workers from more than 40 localities statewide. The region’s diverse economy includes Fortune 1000 headquarters; pharmaceutical, chemical, biotech; financial and information technology services; higher education and more. Virginia is an at-will, right-to-work state, which means employees have the right to keep a job without being a union member.
Bottom Line: If a skilled and capable workforce can help your business succeed — Hanover County has the right location for your business investment.
Reason #4: Quality of Life
Hanover residents get the best of both worlds — a great place to live as well as a great place for business. Hanover prides itself on maintaining its rural roots and offering residents a laid-back lifestyle, while urban amenities are only a few miles away. Hanover has a great mix of quaint shops, commercial destinations, historical site and museums. The region’s excellent quality of life makes it easy to relocate, attract and retain top quality professional and technical employees.
Bottom Line: If you want to attract and retain the best talent, a high quality of life can make all the difference.
Still don’t believe us? Then listen to what our business owners have to say about why they love Hanover County!