24599 Economic Development Agency

Find 24599 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.

Amherst County Economic Development 114 Lexington Turnpike Amherst VA 24521 18.0 miles from 24599 434-946-5200

Lynchburg Economic Development 900 Church Street Lynchburg VA 24504 27.1 miles from 24599 434-455-4490

Waynesboro Economic Development 301 W Main St Waynesboro VA 22980 32.0 miles from 24599 540-942-6779

Virginia State Economic Development 20353 Timberlake Rd Lynchburg VA 24502 34.1 miles from 24599 434-582-5182

Greene County Economic Development Ste 2, 8315 Seminole Trl Ruckersville VA 22968 45.7 miles from 24599 434-985-6663

Goochland County Economic Development 1800 Sandy Hook Rd Goochland VA 23063 45.9 miles from 24599 804-556-5800

Bedford County Economic Development 122 East Main Street Bedford VA 24523 48.2 miles from 24599 540-587-5670

Lunenburg County Economic Development 11413 Courthouse Road Lunenburg VA 23952 52.2 miles from 24599 434-696-2546

Economic Development Agencies Near Me

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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.