23068 Economic Development Agency

Find 23068 economic development agencies, departments, and corporations. Economic development agencies provide information on resources for economic growth, expansion of local businesses, attracting new business and tourism.

Gloucester Economic Development 6467 Main Street Gloucester Courthouse VA 23061 12.2 miles from 23068 804-693-1415

York County Economic Development 224 Ballard Street Yorktown VA 23690 20.8 miles from 23068 757-890-3317

James City County Economic Development 101 Mounts Bay Road Williamsburg VA 23185 26.0 miles from 23068 757-253-6607

Hampton Economic Development 1 Franklin St Hampton VA 23669 32.9 miles from 23068 757-727-6237

New Kent Economic Development 7324 Vineyards Pkwy New Kent VA 23124 41.0 miles from 23068 804-966-9631

Hampton Roads Economic Development 500 E Main St Norfolk VA 23510 45.3 miles from 23068 757-627-2315

Portsmouth Economic Development Ste 200, 200 High St Portsmouth VA 23704 46.0 miles from 23068 757-393-8804

Virginia Beach Economic Development Ste 1000, 222 Central Park Ave Virginia Beach VA 23462 46.8 miles from 23068 757-385-6464

Chesapeake Economic Development Ste 200, 676 Independence Pkwy Chesapeake VA 23320 50.9 miles from 23068 757-382-8040

Suffolk Economic Development Ste 200, 127 E Washington St Suffolk VA 23434 55.1 miles from 23068 757-514-4040

Prince George Economic Development 6602 Courts Drive Prince George VA 23875 55.7 miles from 23068 804-722-8612

Economic Development Agencies Near Me

About Economic Development Agencies

What is a tax abatement?

A tax abatement is an agreement between a business and a taxing entity, such as a state, county, or local government, which provides a temporary tax reduction for a business that expands or makes physical improvements. Typically, the additional property taxes that would have been levied as a result of the business expansion or improvement are forgiven for a specified period of time. Businesses are sometimes offered tax abatements as a way to encourage expansion and investment.

What is the difference between an Economic Development Agency and an Economic Development Commission?

An Economic Development Agency is an agency of the government staffed by professional employees who implement the programs and services of the agency. An Economic Development Commission usually refers to an appointed board that serves as an advisor on economic policy. Economic Development Commissions are common at the county and local levels of government.

What do I need to do to start a new business?

Most Economic Development Agencies have a staff person or office to help prospective business owners to understand how to register their business and obtain any necessary licensing.