Health & Life Science
Breakthroughs Begin in the Home of the Extra Mile
Henrico gives innovative companies the resources and momentum to turn bold ideas into breakthroughs. With access to Virginia Commonwealth University’s advanced research programs, a skilled and growing talent pool, a pro-business environment, and robust infrastructure, companies here can scale faster, advance cutting-edge technologies, and bring solutions to market with confidence.
Health & Life Science in Henrico
At A Glance: Health & Life Sciences in Henrico
#1 State
For education as ranked by CNBC in 2025
Prime Location
Home to major business travel hubs Richmond International Airport and Amtrak’s busiest station in the southeast
6%
Virginia’s corporate income tax rate
99.972%
Dominion Energy’s power reliability rate in Henrico
40
Nearby colleges and universities
90¢
R & D Tax rate per $100 assessed value
Talent Solutions
Smart Costs for Smarter Breakthroughs
Henrico is home to a thriving ecosystem of educational excellence, fueling the talent pipeline that powers the health and life sciences industry. With 40 colleges and universities nearby, including Virginia Commonwealth University (VCU)—a Top 100 life sciences research center—our region offers access to a steady stream of skilled professionals.
Operating Costs
Keeping Costs Low
Henrico keeps costs low so health and life sciences companies can put more resources into research, talent, and innovation. With the lowest tax burden among Virginia’s ten largest localities—anchored by a steady 83¢ real estate tax rate, no taxes on water or sewer service, and a specialized tax rate for R&D and biotechnology equipment—companies gain the stability needed to grow and advance breakthroughs.
Incentives and Financing
Support That Drives Discovery
Henrico and the Commonwealth of Virginia offer a range of incentives and financing options to help businesses grow, innovate, and thrive. From location-based incentives and tax credits to low-interest financing and performance-based grants, qualifying businesses can access valuable resources that support investment and job creation.
Find Your Destination for Health and Life Sciences in Henrico
Explore Henrico’s premier industrial sites to find the ideal location for your health or life sciences operation—whether you’re expanding, relocating, or starting fresh.
Dragway Site
~92 acres
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M-3 Zoning
Former dragway site zoned for heavy industrial use with full utilities, access to rail and interstates, and close proximity to White Oak Technology Park
Henrico Business Center, Lot J
100+ acres
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M-2C Zoning
Over 100 acres zoned for general industrial use with full utilities, excellent interstate access, and close proximity to Richmond Raceway and Amazon fulfillment center
Seven Hills Commerce Park
95 acres
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M-2C Zoning
Ninety-five acres zoned for general industrial use with full utilities, excellent interstate access, and close proximity to Richmond International Airport
“Having people who understand nearby and having an institute of higher ed—it’s just going to produce an entire fleet of great potential graduates that can come and be a part of what we’re building here.”
David Ambrose
Co-founder
For more information on this topic, contact:
Ebonie Atkins
Managing Director