Professional Services
Professional Service Firms Thrive in the Home of the Extra Mile
Henrico offers a business environment built for firms that rely on talent, expertise, and client trust. Companies gain access to a skilled workforce, a stable operating climate, and a location that connects them seamlessly to clients across the region and beyond. With competitive costs and a community committed to high performance, Henrico provides the strategic advantages professional service firms need to grow and excel.
Professional Services in Henrico
At a Glance: Professions Services 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
Fiscally Sound
AAA Bond Rating from 4 major rating agencies
Skilled Talent
45.7% of residents over 25 hold a bachelor’s degree or higher
$1 Million
Of gross receipts exempt from local Business, Professional and Occupational License tax
83¢
Per $100 assessed value Real Estate Tax rate (Not increased since 1978)
Talent Solutions
An Educated, Diverse Workforce
Henrico’s top-ranked schools, premier colleges, and strategic workforce partners give professional service firms the talent advantage. Paired with the Greater Richmond region’s skilled labor pool, companies gain the resources to expand, innovate, and compete worldwide.
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.
Incentives and 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.
“Henrico continues to prove why it’s one of the best places in Virginia to do business. Access to top-tier talent, a convenient location, and a pro-business environment make Henrico incredibly attractive to me. The Henrico EDA team has been an incredible partner, providing the support, responsiveness, and collaboration that my business and others need to succeed.”
Todd Mawyer
Chief Executive Officer
For more information on this topic, contact:
Wendy Miller
Managing Director