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 May 2026, Fairfax County established a new program to make incentives stronger. The Revitalization and Redevelopment Economic Incentive Program (RREIP) offers advantages to companies that 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

June 16, 2026

FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY ANNOUNCES GEORGE D. THOMAS AS NEXT PRESIDENT AND CEO

FAIRFAX COUNTY, VA — The Fairfax County Economic Development Authority (FCEDA) Commission today announced the appointment of George D. Thomas as its next President and Chief Executive Officer, opening a new chapter of growth, innovation, and global competitiveness for one of the nation’s most dynamic economies. A globally recognized economic development executive, technology strategist, and […]

Applied Atomics Emerges from Stealth with More Than $500 Million in Demand Commitments to Build Star Reacher Network, the Next Infrastructure Layer of the Space Economy

Fairfax County, Virginia — Applied Atomics, a transatlantic aerospace and defense company building Star Reacher Network, the first in-space mobility network, emerged from stealth and entered the U.S. market today with more than $500 million in letters of intent and memoranda of understanding, a $4 million, oversubscribed pre-seed financing round led by Oxford Science Enterprises, […]

Scout Space Announces $1 Million Investment to Expand Manufacturing Capacity in Fairfax County

Fairfax County, VA – Scout Space, a technology company specializing in sensors and software deployed on satellite systems, today announced plans to invest more than $1 million to expand the company’s operations in Fairfax County, creating 31 new jobs. Expanding its footprint beyond its existing location in Reston, Scout Space will add 2,650 square feet […]