Few locations in the world offer the combination of prestigious real estate, top-ranked workforce and high quality of life quite like Arlington, VA. Located just across the river from the nation’s capital, Arlington is home to numerous Fortunate 500 companies, high-profile nonprofits, prestigious educational establishments and a fast-growing startup scene. With over 40 million square feet of office located along transit-oriented corridors, Arlington offers the best of urban and suburban life in only 26-square miles.
Situated just across the Potomac River from Washington, D.C., Arlington’s location offers unparalleled access to policy makers, influencers and the embassies of 175 countries. Arlington is home to many of the fastest growing, most innovative companies in the world. From high-tech startups to internationally recognized corporations, Arlington offers a world-class location for your business.
Arlington recently ranked the #2 Best City for Running a Business in the U.S., while Virginia was CNBC’s #1 State for Business in 2019. With a 6% corporate tax rate that has held firm for over 50 years, Virginia is one of the most stable states to operate a business.
Arlington’s workforce is smart, creative and well-educated. Almost three-quarters of our workers have at least a bachelor’s degree, and about 40% have an advanced degree – that’s three times the national average. Arlington also has one of the highest concentrations of millennials in the country. Arlington’s young, talented workforce is one of the community’s greatest assets and makes Arlington the perfect location for a regional or corporate headquarters.
Arlington’s location offers direct access to the nation’s policymakers. As home of the Pentagon and just minutes from the White House and Capitol Hill, Arlington puts you at the center of decision making in the D.C. area. In addition, Arlington is home to dozens of industry associations and is surrounded by embassies, representing over 175 countries.
Arlington Economic Development is committed to attracting and retaining high-quality businesses of all shapes and sizes. When it comes to assisting businesses, we don’t believe in a “one size fits all” policy. Our approach is to get to know your business, understand your needs and find solutions that will help you grow and succeed in Arlington. Below are some examples of our incentive programs, please visit our incentives page to see all Arlington and Virginia incentives.
Commonwealth Opportunity Fund (COF)
COF is a discretionary incentive to secure a business location or expansion project. Grants are awarded to localities on a local matching basis. COF requires that a company make a capital investment of at least $5 million and create 50 new jobs. COF incentives are only used when Virginia faces active and realistic competition with another state for a business attraction or expansion project.
Virginia Economic Development Incentive Grant (VEDIG)
VEDIG is a discretionary cash grant to assist and encourage companies to locate significant headquarters, administrative or service sector operations in Virginia. VEDIG requires an investment of at least $5 million (or $6,500 per job) plus job creation thresholds ranging between 300-400 jobs depending on wage.
Virginia Jobs Investment Program Assistance (VJIP)
VJIP provides cash reimbursements per job, plus a variety of free recruiting and training services for new and growing companies. Requirements include new job and investment minimums:
Small Business New Jobs Program (companies with 250 or less people): At least a $100,000 investment and 5 new positions
Virginia New Job Program (companies with more than 250 people): At least a $1,000,000 investment and 25 new position
VJIP also provides support for Virginia companies that are upgrading the skills of their existing workforce. Requirements include:
Companies with 250 employees or less: Retraining 5 full-time employees and making a capital investment of at least $50,000
Companies with more than 250 employees: Retraining 10 full-time employees and making a capital investment of at least $500,000
Industrial Development Authority (IDA) Performance Incentives
Arlington County offers IDA Performance Grants for priority economic development projects, including fast-growing technology companies, large office users and important research and nonprofit organizations. Typically, IDA Performance Grants are used in conjunction with the Commonwealth Opportunity Fund. Award amounts for IDA Performance Grants are determined by the project’s estimated fiscal benefit to Arlington County based on the company’s industry, square footage, capital investment and number and salary of jobs. IDA Performance Grants are awarded starting in year two and are paid out over a customized performance period based on lease length. IDA Performance Grants are only used when Arlington faces active and realistic competition with another jurisdiction for a business attraction or expansion project.
Arlington County Technology Zone
Arlington County is dedicated to building the ideal innovation economy and welcoming tech sector businesses. The Technology Zone incentive is a partial offset of the Business, Professional, Occupational License (BPOL) tax, a local license tax levied on business gross receipts for the prior year. Qualified technology companies receive a 50% reduced BPOL rate – from $0.36 to $0.18 per $100 of gross receipts for 10 years. The BPOL rate continues to decrease as companies grow their employee base. Technology zones are located in Arlington’s premier high-technology business corridors and savings are equivalent to approximately $2.00 to $3.00 per square foot in building occupancy costs annually.
Arlington County Gazelle Grant Program
The Arlington County Gazelle Grant program offers economic development performance grants between $10,000 and $150,000 to select fast-growing technology companies and tech catalyst organizations like business incubators, accelerators and venture funds.
Relocations and Case Studies
With its many unique attributes, Arlington is the perfect place to locate a headquarters operation. Find out more about how both European grocer, Lidl, and the world's largest food and beverage company, Nestlé, decided to locate their U.S. headquarters in Arlington.
For more information on Arlington's corporate headquarters and regional offices, please contact Alex Taylor, Senior Business Development Manager, at (703) 228-0821 or [email protected].