- Advanced Manufacturing
- Health Care & Life Sciences
- Professional Services
- Supply Chain Logistics
- Destination Retail
With its strategic location, robust transportation network, competitive cost of business and stable workforce, it’s easy to see why advanced manufacturing prospers in Hanover County.
Advantages for Advanced Manufacturing Companies
- Hanover County is within 500 miles of 50 percent of the nation’s population and over half of its manufacturing activity.
- Hanover’s enviable transportation infrastructure includes major interstates, CSX and Norfolk Southern rail and port facilities, commercial and municipal airports, foreign trade zones and overnight delivery hubs.
- There are more than 100 motor freight companies and brokers.
- UPS and Fed Ex district hubs are located in the area.
- The Port of Richmond provides weekly container service to Antwerp and Liverpool and bi-monthly container/temperature-controlled container service to Canada and Iceland. It also provides service to the Mediterranean, Canada, Mexico, South America and the Caribbean.
- The Port of Virginia in Hampton Roads is within 100 miles, with service from more than 75 international shipping lines and more than 5,000 sailings annually.
- CSX and Norfolk Southern provide rail service.
- Foreign Trade Zone 207 at Richmond International Airport allows companies to defer paying customs duties on goods until they leave the zone for domestic consumption.
- Machinery and tools tax rates are regionally competitive.
- Virginia is a right-to-work state. The state and the metro area have low levels of unionization and union election activity.
- Workers’ Compensation and Unemployment Compensation costs are among the lowest in the nation.
- The Richmond region is highly educated, with 79,000 students in the area’s colleges and community colleges.
- Building costs are 12 percent below the national average.