Economic Environment

Prince Edward County is:

Progressive:

In 2006, the Mid-Atlantic Broadband Cooperative completed installation of a central office on the property of the Prince Edward County Business Park. This central office will provide the network that provides open access transport services to those telecoms serving Prince Edward County and all the counties surrounding. Because of this installation, economic development in the region will be made more competitive due to the highly scalable telecommunications transport networking capabilities now available in the Heart of Virginia.

Enterprising:

Prince Edward County’s Enterprise Zone Program is a Commonwealth of Virginia, economic development program managed by the Virginia Department of Housing and Community Development (DHCD). The State’s Enterprise Zone Program is designated to offer state and local incentives for businesses to locate or expand within the designated zone areas. Prince Edward County has one enterprise zone designation that includes portions of the Town of Farmville and consists of 2,085 acres as shown on the Enterprise Zone Map.

As part of the Enterprise Zone, Prince Edward County owns 100+ acres of a Business Park, where multiple industries currently reside. In 2009, the County began the engineering and construction of 4 new industrial sites to be available by September. These new sites will be designed and marketed to attract additional industries to continue to challenge and employ the citizens of Prince Edward and surrounding counties.

Click here to see the available Industrial Buildings and Sites in Prince Edward County

Cooperative:

The Director of Economic Development has over 30 years experience in economic development. Her job is to help businesses find grant monies for new and expanding businesses as they need it. The office has access to Tobacco Grant funding, Governor's Operating Fund monies, Workforce Investment funding, and more. Enterprise Zone annual funding is another option that is available to those who qualify - and the Economic Development office has those answers.

Business Facts and Figures:

Machinery and Tool Tax rates - $4.20
Merchants Capital tax - $.70
Personal Property Tax - $4.50
Prince Edward County does not charge for Business License; however the Town of Farmville does have a tax fee for Business Licensing
Water and sewer are provided by the Town of Farmville for the industrial and commercial properties currently noted on the Enterprise Zone Map.
Enterprise Zone sites are still available