Like every great city, Virginia Beach benefits from location, environment and well-thought urban planning. It is set apart not only by its beautiful natural resources and ocean setting, but by its strategic location on the mid-Atlantic and its central position within the Hampton Roads region.
Virginia Beach has one of the lowest combined local and state taxes in the nation. With no local income tax, a low 6% corporate state tax and no inventory tax, the cost of doing business in Virginia Beach is globally competitive.
Virginia Beach has a diverse business base which includes Fortune 500 headquarters such as Amerigroup, large international manufacturers with Stihl, numerous defense contractors including SAIC, and a large and stable innovative small business sector.