By Keiter CPAs
What makes Virginia an attractive place to do business?
Keiter was proud to sponsor the 2023 Commercial Real Estate Forum presented by Commonwealth Commercial Partners. The Forum’s speakers discussed the future of Virginia’s infrastructure investment and economic development.
As a member of the Richmond community, Keiter shares in the excitement expressed by the speakers about what makes Virginia a great place for businesses to grow.
Key takeaways from the Forum
- Honorable R. Brian Ball, attorney and partner at Williams Mullen, credited the state’s pro-business incentives for making Virginia an attractive place to do business. The incentives include maintaining a 6% tax rate since 1972 and a AAA-bond rating that instills confidence in any potential investors.
- Chris Gullickson, Director of Development and Transportation Policy at The Port of Virginia, discussed the efficient, cost-effective, and safe operations at the Port of Virginia that make it the top performing port in North America.
- Emil Avram, Vice President of Business Development at Dominion Energy, described Virginia as having one of the lowest electric rates in the nation and shared plans for the largest wind farm in the U.S. being built off the coast of Virginia Beach.
Read more about the Commercial Real Estate Forum here.
About the Author
The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.