One of Greensville County’s most competitive advantages is affordability. Low operating costs allow our businesses to thrive and succeed even in challenging economic times -- and we’re proud to do what we can to help them.
Cost to Run Your Business
The basis for our affordability lies in low-cost land prices, lease rates, and construction costs. In Southern Virginia, these costs are as much as 20 percent below the national average! And utility rates – especially power – are some of the lowest in the country.
Greensville County offers generous incentive programs to offset capital investment, and our simplified and competitive tax structure provides benefits to a variety of companies. In particular, manufacturing companies, which are exempt from sales tax on raw materials.
Cost of Workforce
Another benefit to increase operational savings is the traditional wage rate of Southern Virginia, which typically runs below both national and state averages.
But employees and companies alike will benefit from the low cost of living in Southern Virginia: we boast an ACCRA Cost of Living Index of 90.3 compared to the United States average of 100, and a Sales & Use Tax of 5.3 percent versus the national median of 6 percent.
Virginia’s Unemployment Taxes are over 30 percent below the national average, and Virginia’s Worker’s Compensation Costs are among the lowest in the country at more than 40 percent below the national average.