A Growing Business Base
Creating Wealth & Economic Opportunity
Creating Wealth & Economic Opportunity
A Proud History of Successful Business Ventures
Companies have been choosing Chesterfield, Virginia, as a place to do business for nearly 400 years.
The first iron furnace in the United States was built in Chesterfield.
The first recorded commercial coal mines in North America operated in Chesterfield.
The first hospital in North America was founded in Chesterfield.
Today, Chesterfield is still writing its own fasÂcinating history.
One of Virginia’s largest localities
Recognized for its prime Mid-ÂAtlantic location
Noted for a robust pro-business economy
Built on a progressive attitude and the foundation of a proud work ethic.
A Pro-Business Community
The economic climate in Chesterfield is business friendly with a very competitive business environment and a local government committed to economic development.
Business Advantages
Strong population growth – 58% of all growth in MSA
Top spot for attracting Millennial and Gen Z workforce members
Eight Fortune 500 & three Fortune 1000 headquarters in MSA
Diversified and growing economic base
Northernmost right-to-work state in the mid-Atlantic with a low cost of living
Affordable business costs, including low electrical rates and consistently low business tax rates
- Well-run local government with AAA ratings from three bond rating agencies
Available sites and buildings for corporate relocations and expansions
A pipeline of talented workers graduating from local, regional, and state colleges and universities
Incentives and financial tools available to support growth
$20.2 billion
Real Gross Domestic ProductIn 2022
Source:Bureau of Economic Analysis
#2
America’s Top States for BusinessIn 2023
Source:
CNBC
#3
Best Business ClimateIn 2023
Source:
Business Facilities
Triple AAA
Bond RatingsIn 2023
Source:
S&P, Moody, and Fitch
