Ranked as America’s Top State for Business by CNBC, Virginia offers the right environment for business success. Since 1972, VA has had a 6% corporate income tax, lower than the national median of 6.5%. Virginia has also maintained a AAA rating since 1938, longer than any other state. Learn more about Virginia’s advantages for business.
Virginia’s premier talent base makes for a world-class labor pool ready to meet business needs in all key employee profiles. Across industries, Virginia’s workforce is one of the most educated populations in the country – nearly 42% of the population has a bachelor’s degree or higher, making the Commonwealth the eighth most educated state in the country (and first in the South).
Virginia continues to raise the bar when it comes to talent development. Programs such as the Virginia Talent Accelerator Program and the Tech Talent Investment Program make sure Virginians are prepared for the jobs of today and the future.
The Virginia Tech Corporate Research Center is an integral part of Virginia’s innovation ecosystem. Located a stone’s throw from Virginia Tech, one of the nation’s premier research universities, VTCRC is where bold thinkers turn big ideas into world-changing realities. VTCRC features flexible-lease wet and dry research labs, modern offices, and coworking space, all with top-tier amenities.
Nestled in the beautiful New River Valley, the VTCRC ecosystem exists alongside an affordable cost of living, high-quality education systems, and modern healthcare facilities. It’s no wonder VTCRC is leading the way in biotech, autonomous tech, software, and aerospace. Because VTCRC is adjacent to Virginia Tech, companies have access to an elite talent pool of students, faculty, and staff and university resources.
What sets VTCRC apart is its commitment to collaboration as the driving force behind innovation. Entrepreneurs, startups, and seed companies who become part of the innovation ecosystem have access to a rich environment of resources to take their ideas from lab to market. From Virginia Tech’s Link + License + Launch, to the Roanoke Regional Accelerator Program, to a national STEM research accelerator, VTCRC connects researchers with investors and business experts to disrupt markets and improve lives.