Virginia Business for Sale – The Business Broker Journal

Per Capita Real GDP: $41,702 Rank: 8/50 (2006)

Population: 7,078,520 Rank: 12/50 (2000)

Per Capita Personal Income: $39,173 Rank: 9/50 (2006)

Unemployment Rate: 3.40% Rank: 10/50 (2008)

Business Tax Climate Index: Rank: 14/50 (2008)

Corporate Tax Rate: 6.00%

Individual Tax Rate: 2% - 5.75%

Sales Tax Rate: 4%

Business Tax Climate Index:

Individual Income Tax Index Rank:21

Sales Tax Index Rank: 6

Unemployment Insurance Tax Index Rank: 29

Property Tax Index Rank: 23

Business Tax Climate Index: 14

Corporate Tax Index Rank: 4

Virginia The State

The Commonwealth of Virginia is located in the eastern United States. It is the home of the first English settlement in North America and was named after Queen Elizabeth I (the Virgin Queen) of England. The state produced many revolutionaries critical to the success of the American Revolution. Among them were George Washington, Thomas Jefferson, James Madison, and James Monroe, who all went on to become four of the first five presidents of the United States. Virginia entered the Union as the tenth of the original thirteen states in 1788. Virginia later hosted several decisive battles during the American Civil War and is home to Richmond, one of the formal capitals of the Confederacy.

State Information

Abbreviation: VA

Capital: Richmond

Nick Name Old Dominion

State Web Site: http://www.virginia.gov

Motto: Thus always to tyrants

Top 5 Export Partner Countries

Canada, Germany, China, Japan, United Kingdom

Top 5 Export Merchandise

Chemicals Sales

Transportation Equipment Sales

Electrical Equipment Manufacturing

Computers and Electronic Products Manufacturing

Chemicals Manufacturing

Major Cities

Chesapeake, Norfolk, Virginia Beach

Main Airports:

RIC Richmond International Richmond

ORF Norfolk International Norfolk

ROA Roanoke Regional/Woodrum Field Roanoke

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Virginia Secretary of State:

Secretary of State (SOS): Information about elections, registered businesses, trademarks, and lobbyists.

Virginia Small Business Administration:

Small Business Administration

Offers business development counseling and training programs and information on SBA loan programs.

Virginia SCORE Offices

Free Union - Central Virginia SCORE

Hampton - Peninsula SCORE

Lynchburg - Greater Lynchburg SCORE

Martinsville - Martinsville SCORE

Norfolk - Hampton Roads SCORE

Richmond - Richmond SCORE

Waynesboro - Shenandoah Valley SCORE

Center for Global Electronic Commerce

The center is part of the Pamplin College of Business at Virginia Tech. It primarily focuses on research involving business and the internet, and using their expertise to advise businesses in the area of E-commerce.

Global Virginia

Global Virginia is an international business and education program of the Southwest Virginia Higher Education Center. Its primary goal is to equip students with the adequate skills to thrive in a global economy. However, the center also provides other services catered to state business needs. These include import/export assistance, video-conferencing capabilities, and access to trade leads.

Pensoft E-Business Resource Center at VECTEC

This branch of VECTEC provides extensive research resources into the various aspects of E-business. While geared mainly towards community colleges and high schools, a fair amount of the center’s content is also applicable to the needs of businesses.

The Virginia Electronic Technology Center (VECTEC)

VECTEC is an arm of Christopher Newport University, dedicated to promoting economic development through the use of E-commerce. The center mainly focuses on SMBs, helping them gain access to such technology. A few of the services that VECTEC offers include technology education programs, web design, as well as E-commerce systems implementation.

US Export Assistance Center of Virginia

This branch of the Department of Commerce specializes in helping small, to medium sized companies, in Virginia, develop and execute exporting strategies. Aside from this, the center in Virginia also hosts meetings and webinars, highlighting opportunities in different global regions.

Virginia Business

Virginia Business is an online source of state business news and opinions. The website also features various multimedia links, as well as a business blog.

Virginia Department of Business Assistance (VDBA)

The VDBA is a state agency dedicated to the fostering economic growth in the state. It places heavy emphasis on small and minority businesses, and provides a variety of information resources and counseling services for their needs.

Virginia Economic Bridge

The Virginia Economic Bridge is an organization dedicated to promoting competitiveness within the state business community. It has several service-based programs, as well as other services such as database development and management.

Virginia Economic Development Partnership (VEDP)

The VEDP is a state body aiming to facilitate both in, and out-of-state trade. It specializes in providing assistance for state businesses who wish to expand globally, as well as foreign companies who are looking to establish themselves within the state. Its website offers information including statistical data, and county information.

Virginia.gov

The official site of the state of Virginia, this site provides information on government, business, education, living, visiting, and working in the state. Business links include resources for starting a business in Virginia state, licensing information, and state laws and regulations.

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CO Group Inc

Kathy Bertone

Reston, VA