Richmond: Virginia's Strategic Capital
Whether you’re relocating, expanding, or starting a new business, the Richmond DED offers services designed to make your site selection simple and painless - with a robust sites and buildings database, up-to-date demographic and area data, and more. Click on the links below to explore Richmond and learn how we can build your business success.
City of Richmond Owned Properties
In accordance with City Code Section 8-56 the City is to maintain a searchable list of all City-owned property on the City’s website.
The sale of City-owned property is regulated by the City Code. In accordance with City Code Section 8-61 the City shall provide City Council with a Biennial Real Estate Strategies Plan consisting of recommendations for the sale and disposition of those parcels that the City has determined are no longer needed for municipal or public purposes. The City is in the process of obtaining City Council approval of the proposed Biennial Real Estate Strategies Plan which will be posted here once it has been approved. In accordance with City Code Section 8-58 City Council may not act on an ordinance to convey a City-owned property to an offer or until the City has first either Solicited Offers by Invitation for Bids (City Code Section 8-61) or Solicited Offers by Request for Proposals (City Code Section 8-62) and evaluated those proposals in accordance with City Code Section 8-63.
Incentives & Financial Tools
DED has recently developed a series of innovative financial tools and incentives to assist companies that are considering locating or expanding in the city. In addition, the Commonwealth of Virginia's incentive offerings complement the City's. Learn more.
Recent Relocations & Expansions
From Fortune 500 companies like WestRock relocating to Richmond and companies like CarMax HQ expanding in the city to Stone Brewing Company choosing Richmond for their new east coast manufacturing and distribution facility, companies are choosing to relocate and expand operations in Richmond.
The greater Richmond region is home to a significant number of Fortune 500 and 1000 companies, and the city is the headquarters for many of them. From Dominion Energy, ranked 153 to WestRock to New Market Corporation, Richmond is the choice of top companies. Learn more.