There are over 725,000 small businesses that are based in and operating in the state of Virginia. These businesses provide employment for over 1.5 million people (or about 47% of employment in the private sector). Therefore, businesses play a crucial role in the state's economy.
If you are trying to decide whether or not it is a good destination for a new business, you're in luck. There are numerous advantages you can get for choosing Virginia has the home of your business.
The state has one of the highest per capita incomes per household in the US. This equates to a high spending power for the residents, which is good for businesses. The primary challenge here, though, is that small businesses might find it difficult to compete with big name brands and businesses that are headquartered here.
Thankfully, Virginia has niche opportunities across various geographic regions within the state. It is, therefore, crucial in which part of the state you choose to start your business in. There are many towns and rural areas to choose from; many of the residents in these areas are strong advocates of supporting small and local businesses.
The proximity to large markets is another advantage of starting a business in Virginia. This ties in well with the fact that the state has a relatively low cost of living. For business insurance related info please refer to our more in depth article.
At the request of our visitors we've included the below local insurance contacts for most cities in Virginia. If you live in Virginia and think you're paying too much for auto insurance, you've come to the right place. Using the local contacts that we've provided is the first step to finding more affordable car insurance. The secret to getting cheap car insurance is to compare several quotes from different companies and select the one that offers the most coverage at the best rates. The contacts we've provided are well-versed in the requirements set forth by the state of Virginia and can help you find low cost coverage that is acceptable in the state. For additional information on traffic laws or driving schools please navigate to your respective state using the map. And for manufactured home insurance, please refer to the respective article.
Virginia State is located in the Mid-Atlantic and Southeastern regions of the US. Officially known as the Commonwealth of Virginia, the state is known as "the birthplace of the nation" and the "Mother of Presidents." This is because eight of the previous presidents of the country were from Virginia, including four of the first five presidents.
Today, the state is widely known as the home base for the United States Navy's Atlantic Fleet. Its best two attractions are Monticello and Mt. Vernon. Its largest and most populous city is Virginia Beach. Its capital city Richmond on the other hand is home to some of the most extensive Civil War memorabilia (found at American Civil War Museum) and impressive American Revolution sites (St. John's Church).
The state's proximity to the country's capital Washington, D.C. has supported its economic growth. It benefits greatly from the distribution of federal funds and has one of the biggest incomes per capita in Southern region. The state's economic driving force is mainly the federal government (i.e. military institutions). Goods and services, such as agriculture and farming only account for a tiny fraction.
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