The housing turmoil and financial crisis, which happened few years ago, have made many industries to review their annual expenditures and try to create cost-effective solution and more sustainable business platform for their organization. Some companies took a bold action by relocating their corporate headquarters from megapolitan cities to less-crowded areas in the U.S. One example is the Altria Group, or formerly known as Philip Morris which had its headquarters relocated from New York City to Henrico County, Virginia. It is estimated that due to the move, the company saves over $60 million annually.
If you happen to be a business owner or a director of a company who wish to cut costs associated with expensive operating costs, high taxes and many more, you can consider moving to Henrico County, where tax rates are low, infrastructure and quality of life are great. The county, located in Virginia, has already attracted more than 25,000 companies from start-ups to the big multi-national conglomerates.
Located at the mid-point of the East Coast, Henrico County has a strategic location where 10 Fortune 1000 companies are located in the region. Railways, highways, airport and ports enables business owners to receive and send their products in the most effective and efficient manners possible. In addition to these, building costs are over 10 percent below the national average, workers’ compensation and unemployment compensation costs are among the lowest in the nation. If you are considering relocating your business in Henrico County, you can contact Virginia site selection assistance service that aims to help you through the site selection process and love to help your company succeed.