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contentsFredericksburg VA Chamberads

Economy

 

For more than a quarter-century, Fredericksburg has abounded with infinite possibilities, making it one of the nation’s hotspots of development.

It’s easy to understand why: a pro-business climate, a desirable location near Washington, D.C. and swift access to major markets make the Fredericksburg Region an ideal locale for potential investors.

Prime office, commercial and industrial spaces are available, as are large tracts of land for the creation of new enterprises in areas such as communications, electronics and high-tech manufacturing.

The region boasts a skilled labor pool second to none. The local workforce numbers about 125,000, while nearly one million commuters reside within a 40-mile radius of the area.

Education levels surpass the national average. More than 70 percent of area workers are college-educated and have managerial, professional and technical skills. The region has one of the country’s highest concentrations of doctoral degrees.

The $35 million Stafford Regional Airport, designed for cargo and corporate jet traffic with wingspans of up to 80 feet, has provided a big boost to the area economy. It is convenient to commuter rails and adjacent land is ready for building. The full-service airport has foreign trade zone capability and the potential to expand its 5,000-foot runway an additional 1,000 feet, allowing for larger planes and more flights.

The Fredericksburg Region’s existing infrastructure includes a high-speed fiber optic telecommunications system that is part of an 18,000-mile national system.

To create a hospitable business environment, state and local governments offer tax credits, free counseling and financial and technical assistance for start-ups, expansions and relocations. Economic development professionals acquaint prospective businesses with the area and provide incentives to encourage corporate investment.

economy

The Fredericksburg Regional Alliance works closely with private industry, local governments and educational institutions to move the economy forward. It is a public/private partnership that aggressively markets the region, recruits new industry and helps existing businesses expand.

The Fredericksburg Regional Chamber of Commerce is a networking, marketing and advocacy resource that provides many benefits to businesses. The Chamber responds to community and business needs as they develop; helps potential buyers, suppliers and collaborators connect with one another; and advocates for a continued strong business environment.

With a longstanding tradition of cooperation among the localities, businesses can rely on community leaders to think regionally and consider everybody’s success. Through shared resources, the strengths of each locality become available to businesses throughout the entire region.

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