IT & Tech
Advancing the Future of Technology in the Home of the Extra Mile
Henrico offers a strategic launchpad for technology companies looking to innovate and grow. With world-class digital infrastructure, a skilled tech workforce, and a business climate that supports rapid development, Henrico provides the key advantages modern IT and tech firms need to thrive.
IT & Tech in Henrico
At a Glance: Technology Firms 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
Unrivaled Connectivity
Robust digital infrastructure supported by Richmond Network Access Point (NAP) and DE-CIX internet exchange
Skilled Talent
45.7% of residents over 25 hold a bachelor’s degree or higher
99.972%
Dominion Energy’s power reliability rate in Henrico
83¢
Per $100 assessed value Real Estate Tax rate (Not increased since 1978)
Talent Solutions
Competitive Costs for Cutting-Edge Companies
Henrico’s award-winning schools, premier higher-education institutions, and top workforce partners provide IT firms with access to the talent and expertise needed to attract, retain, and develop exceptional professionals. Coupled with the greater Richmond region’s deep, skilled labor pool, Henrico provides the foundation for IT firms to thrive.
Operating Costs
Keeping Corporate Costs Low
Henrico is committed to keeping business costs low and growth opportunities high. With the lowest tax burden among Virginia’s ten largest localities—anchored by an 83¢ per $100 assessed value real estate tax rate that hasn’t increased since 1978 and no local BPOL tax collected on the first $1 million of gross receipts—businesses benefit from long-term stability that allows them to invest, expand, and thrive.
“Henrico’s thriving tech ecosystem is powered by strong partnerships with community organizations, a talented local workforce, and outstanding fiber infrastructure. Meta is proud to call Henrico home.”
Kelley McCall
Community Development Technical Lead Manager
Incentives & Financing
Investing in Your Success
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.
For more information on this topic, contact:
Andrew Larsen
Managing Director