Business Support

Capital Investment and Incentives

Unparalleled Access to Capital and Incentives

Experience exceptional growth in Fairfax NOVA, where opportunities abound for businesses to maximize capital investments. Companies of all sizes find a wide range of capital and incentive programs designed to foster growth. In addition, Virginia boasts one of the lowest corporate tax rates in the U.S. at 6%.

Support for Business Growth

Capital investments in Fairfax NOVA go further, with performance-based tax incentives and opportunities to tie into the local business community.

Fast Facts

$1.6B

in Capital Investment Deals in Fairfax County in FY2023

Fairfax County EDA

6%

State Corporate Income Tax Rate (held steady since 1972)

Commonwealth of Virginia

$170M

in Early-Stage Funding in FY2023

Fairfax County EDA

Taxes

Find an attractive tax environment in Fairfax NOVA — a region that has maintained a stable six percent state corporate income tax rate since 1972. Fairfax NOVA also offers a low real property tax rate, which has seen a 37 percent decline since the late 1970s, as well as tax credits for green jobs creation.

Incentives

Fairfax NOVA collaborates with the Commonwealth of Virginia to offer incentives to foster economic growth, including the Virginia Jobs Investment Program, which is designed to support the establishment of new jobs and investment in the Commonwealth, alleviating the financial burden on new and expanding companies by offsetting recruiting and training costs. The Virginia Office of the Governor plays a pivotal role in providing discretionary resources to qualifying companies tailored to criteria set by state legislation and aimed at bolstering job creation and investment in the area. In 2020, Fairfax County created the Economic Incentive Program (EIP) to offer advantages to companies who develop property in certain parts of the county. Benefits include a reduction of site plan fees and a partial abatement of real estate taxes.

Funding Resources

FCEDA’s Capital Attraction Program connects entrepreneurs, investors and venture capital firms to support the growth of Fairfax NOVA’s business ecosystems. Some examples of innovative sources of capital in Fairfax NOVA include Virginia Innovation Partnership Corporation programs, Fairfax Founders Fund, and the Fairfax County THRIVE program.

Featured News

December 21, 2024

Virginia’s Star Continues to Rise, Northern Virginia Drives its Economic Growth

Virginia has been named 2024 State of the Year by Business Facilities, marking a historic third time the Commonwealth has received this top honor from the magazine. This recognition reflects Virginia having one of the strongest business climates, due in part to its strategic location, skilled workforce, and pro-business policies. “Virginia’s recognition as Business Facilities’ […]

100+ Space Sector Leaders Convene to Envision a Bold, Collaborative Course for Commercialization

100+ Space Sector Leaders Convene to Envision a Bold, Collaborative Course for Commercialization From Left to Right: NASA Chief Technologist A.C. Charania; Fairfax County EDA President and CEO Victor Hoskins; Connected DMV President and CEO George Thomas; Arkenstone Founder Preston Dunlap; and Connected DMV Chair Stu Solomon. Earlier this month, Connected DMV, in partnership with […]

AttainX to Expand Cybersecurity Operations in Fairfax County

Fairfax County, Virginia (December 4, 2024) — Earlier today, Governor Glenn Youngkin announced that AttainX, Inc., a U.S. Small Business Administration (SBA) certified 8(a) Economically Disadvantaged Women-Owned Small Business (EDWOSB) and Capability Maturity Model Integration (CMMI) Level 3 certified federal contractor, will invest $175,000 to expand its operations in Fairfax County. The expansion will create […]