24504 Economic Development Agency

Find 24504 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.

Lynchburg Economic Development 900 Church Street Lynchburg VA 24504 434-455-4490

Virginia State Economic Development 20353 Timberlake Rd Lynchburg VA 24502 10.4 miles from 24504 434-582-5182

Amherst County Economic Development 114 Lexington Turnpike Amherst VA 24521 15.5 miles from 24504 434-946-5200

Bedford County Economic Development 122 East Main Street Bedford VA 24523 26.2 miles from 24504 540-587-5670

Vinton Economic Development 311 S Pollard St Vinton VA 24179 47.1 miles from 24504 540-343-1508

Waynesboro Economic Development 301 W Main St Waynesboro VA 22980 49.4 miles from 24504 540-942-6779

Roanoke Valley Economic Development Ste 333, 111 Franklin Rd SE Roanoke VA 24011 49.4 miles from 24504 540-343-1550

Roanoke Economic Development 117 Church Ave SW Roanoke VA 24011 49.6 miles from 24504 540-853-2715

Lunenburg County Economic Development 11413 Courthouse Road Lunenburg VA 23952 51.3 miles from 24504 434-696-2546

Roanoke County Economic Development 5204 Bernard Dr Cave Spring VA 24018 52.6 miles from 24504 540-772-2069

Franklin County Economic Development 1255 Franklin Street Rocky Mount VA 24151 53.7 miles from 24504 540-483-6606

Salem Economic Development 114 N Broad St Salem VA 24153 55.7 miles from 24504 540-375-3007

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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.