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 fas­cinating history.

  • One of Virginia’s largest localities

  • Recognized for its prime Mid-­Atlantic 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 Product

In 2022

Source:
Bureau of Economic Analysis

#2

America’s Top States for Business

In 2023

Source:
CNBC

#3

Best Business Climate

In 2023

Source:
Business Facilities

Triple AAA

Bond Ratings

In 2023

Source:
S&P, Moody, and Fitch

Chesterfield FITS Symbol

Learn Why Chesterfield Fits

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