DO BUSINESS HERE
SMALL BUSINESS
DO BUSINESS HERE
SMALL BUSINESS
Blacker the Berry Juice Bar in Richmond
Small businesses are the lifeblood of our economy. In Richmond, we provide resources to help entrepreneurs transform real ideas into real revenue.
Why Richmond
SUPPORTIVE PROGRAMS
Whether you've been in business for decades or are just starting out, Richmond provides the support you need for a successful future. Attend a training workshop hosted by the City's Office of Minority Business Development or get expert advice from a business counselor at the Capital Region Small Business Development Center to jump-start your business and achieve your goals.
WELCOMING NETWORK
Connect with other entrepreneurs and small business owners by participating in the region’s business organizations. Chamber RVA supports businesses of all sizes in Richmond through advocacy, networking, and programs. You can also tap into the robust community found in specialized business organizations. The Virginia Hispanic Chamber and the Virginia Asian Chamber of Commerce support business owners throughout the Richmond region. Metropolitan Business League empowers small, women, and minority-owned businesses through its programming. Current and aspiring Black business owners can access coaching and network building through the Jackson Ward Collective.
FAVORABLE TAXES & INCENTIVES
Richmond offers incentive programs and tax policies that support small businesses. The CARE and Local Enterprise Zone programs provide funding to companies that invest in equipment for the operations and other costs associated with starting and growing a business. The City charges a $30 flat fee for eligible new and small businesses instead of a higher BPOL tax, and qualified technology businesses can receive waived or reduced BPOL taxes for up to five years. Learn more about our financial tools.
STARTING RIGHT
When you're a new business, getting the necessary licenses to operate within the City is essential. The City of Richmond Department of Finance's new business checklist is a helpful resource, as is their webpage.
Top 10
METRO AREA FOR BLACK ENTREPRENEURSHIP
2022
Source:
SmartAsset
912
NEW BUSINESS LICENSES
2022
Source:
City of Richmond, Virginia (FY 2022)
16
INC 5000 COMPANIES IN THE CITY
2022
Source:
Inc. Magazine
Interested in learning more about Richmond, Virginia? Reach out to Richmond Economic Development.
