Economic Development

Dinwiddie County, Virginia offers business and industry what few locations in the United States can: unparalleled accessibility, high quality of life, low cost of living and a qualified workforce.  Located just south of the Intersection of I-95 and I-85, Dinwiddie County is blessed with the resources that will allow prospective businesses to swiftly and profitably grow or relocate.

Over 8.5 million people call the Commonwealth home, and U.S. News ranks Virginia the thirteenth overall best state to live. With an area of 507 square miles, Dinwiddie County is a blend of suburban and rural living, within two hours of the Virginia beaches and mountains.

We invite you to learn more about the opportunities available in the County. Please contact our team for a more personalized experience, we look forward to hearing from you!

Local & Regional Economy

Because of our strategic East Coast location and transportation infrastructure, Dinwiddie’s economy is characterized primarily as a robust logistics and distribution hub. Dinwiddie County’s secondary economic base includes agriculture, manufacturing, and military. Dinwiddie’s emerging industries include: aviation, energy, and unmanned system and pharmaceuticals. 

Fort Gregg-Adams and Fort Barfoot are nearby military bases. Fort Gregg-Adams is home to many major military organizations, US Army Units and other Military Units. Fort Gregg Adams is home to the Army Sustainment University which is comprised of the Logistics Leader College, the College of Applied Logistics and Operational Studies and the Technical Logistics College. It is also home to the US Army Transportation School which is the Army’s premiere training activity for AIT Transportation Soldiers. 

Fort Barfoot is a training center for Army Guard troops, US Marshals Service, FBI, ATF and the Civil Air Patrol. Fort Barfoot is also home to the Foreign Affairs Security Training Center (FASTC) that opened in 2019. This facility provides training to State Department personnel and members of the foreign affairs community. The training includes how to detect surveillance, provide emergency medical care and more.

Data

Population: 

28,177

Median Household Income:

$83,898

Median Age:

43

Unemployment Rate:

3.3%

Dinwiddie County’s Civilian Labor Force:

14,398

People aged 25 or older with a high school degree or higher:

90%

Dinwiddie County Out-Commuters:

10,697

Dinwiddie County’s Cost of Living Index:

87.01

Owner-Occupied Housing Rate:

78.2%

Median Home Value:

$246,100

Housing Units:

12,054

Persons Per Household:

2.62

Location

Strategically located at the Center of the East Coast, Dinwiddie County provides easy access to the world’s largest markets. 

  • Over 40% of the US population is within a one-day’s drive of the County
  • Part of the Richmond, Virginia MSA
  • Located at the crossroads of I-85 and I-95
  • Home to the railroad crossroads of two class 1 rail lines – Norfolk Southern and CSX lines
  • The East Coast’s deepest natural port and three international airports are within 2 hours from the County
  • Dinwiddie is located 30 miles south of Richmond, VA, and 135 miles south of Washington DC

Cost of Living

Dinwiddie Cost of Living

The average cost of living in Virginia is $48,249 per year, which ranks about 31st out of all 50 states. Dinwiddie County’s Cost of Living Index is 87.1.

Dinwiddie Living Wage

For a further breakdown of the living wage calculation for Dinwiddie, VA, typical expenses incurred while living in Dinwiddie, VA, and typical annual salaries of Dinwiddie, VA residents, please click below.

Cost of Living Calculator

Moving to Virginia? Figure out the cost of living based on your current salary and location by using the cost of living index calculator.

Tax Rates

Dinwiddie County tax rates are per $100 of assessed value. For all tax rates, please visit our website.

For more information about State of Virginia taxes and other figures related to the Cost of Doing Business in Virginia, please visit the Virginia Economic Development Partnership’s website.

The United States imposes a tax on the profits of US Corporations at a rate of 21%, which was reduced from 35% by the 2017 Tax Cuts and Jobs Act.

Real Estate Tax

$0.84

2024

Meals Tax

4%

2024

Personal Property Tax

$4.60

2024

Machinery & Tools Tax

$3.30

2024

Transportation Infrastructure

With four major interstates, two Class 1 rail providers, multiple airports and quick access to the East Coast’s deepest natural port, markets all over the world are within reach of Dinwiddie County.

Interstates 95 and 85 intersect just north of Dinwiddie County. I-95 is the primary north-south highway serving the most populated cities on the East Coast from Maine to Florida. I-85 originates just north of Dinwiddie and runs southwest through Charlotte and Atlanta to the Gulf Coast.

US 460 is a four-lane highway running east-west with nearly straight line access to the Port of Virginia.

Dinwiddie County is home to the intersection of CSX and Norfolk Southern’s railroads, providing access running both north to south and east to west.

Double Stack rail routes provides a 2-day trip from the Port of Virginia to Chicago.

The Port of Virginia is the deepest natural port on the East Coast. This port accommodates the world’s largest vessels with further expansion plans underway.

Approximately 100 miles to the Port of Virginia from Dinwiddie County.

The port features channels over 50’ deep to accommodate the largest modern transports.

The port also features 36,000 linear feet of tracks with two Class 1 railroads operating on-dock, including double stacked rail service nationwide.

The Richmond Marine Terminal is located just 40 miles from Dinwiddie County. This terminal features: direct access to I-95, barge service three times weekly from the Port of Virginia, 25’ channel depth and on-site warehousing, cranes and railroad access.

Dinwiddie County Airport offers general aviation, with a 5,002 ft. runway.

Richmond International Airport (RIC) offers nonstop flights to major domestic destinations and easy access to global destinations. RIC is 28 miles from Dinwiddie County.

Dulles International (IAD) and Reagan National (CDA) are located two and a half hours from Dinwiddie in Washington DC and offer direct flights to destinations worldwide. 

Top Employers

Gerdau (5)

Dinwiddie County boasts a diverse and thriving economic landscape driven by key industries that offer robust employment opportunities.

Dinwiddie County’s Top Employers include: Amazon Fulfillment Services, Inc.; Wal Mart; Central State Hospital; Gerdau; Aldi; Tindall Concrete Products; Richard Bland College; Food Lion; Wagman Inc. and more.

Together, our employers contribute to a dynamic economy, making Dinwiddie County a prime destination for both business and workforce development.

Business Incentives

Combined with state government and external resources, Dinwiddie County offers competitive incentive packages in addition to our welcoming business environment and the Commonwealth of Virginia’s unparalleled reputation for business success.

Commonwealth’s Opportunity Fund (Virginia Economic Development Partnership) – Provides “deal-closing” grants at the Governor’s discretion to secure a company location or expansion in Virginia. 

Governor’s Agriculture and Forestry Industries Development Fund (Virginia Department of Agriculture and Consumer Sciences) – Provides grants to localities for businesses that add value to Virginia-grown agriculture and forestry products. 

Major Eligible Employer Grant Program (Virginia Economic Development Partnership) – Provides grants to companies to make investments and provide a significant number of stable jobs through a significant expansion or new operation. 

Virginia Economic Development Incentive Grant (Virginia Economic Development Partnership) – Provides grants to companies that invest and create new employment opportunities by locating significant headquarters, administrative, or service sector operations in Virginia.

Virginia Investment Performance Grant (Virginia Economic Development Partnership) – Provides grants to existing Virginia manufacturers or manufacturing-related research and development services that continue capital investment in the Commonwealth.

Virginia Jobs Investment Program (Virginia Economic Development Partnership) – Provides services and funding to companies creating new jobs or implementing technological change to reduce human resource development costs for new companies, expanding companies, and companies retraining their employees.

Virginia Talent Accelerator Program (Virginia Economic Development Partnership) – Provides world-class training and recruitment solutions that are fully customized to a company’s unique operations, equipment, standards, and culture. All program services are provided at no cost to qualified new and expanding companies as an incentive for job creation.

Foreign Trade Zones – Allows businesses to defer paying U.S. Customs duties on imported goods held within the zones until the goods enter the United States for domestic consumption. 

Tobacco Region Opportunity Fund (Virginia Tobacco Regional Revitalization Commission) – Performance-based monetary grants and loans made available to Virginia localities to help attract business expansions or new businesses. This is a unique opportunity for projects locating in the tobacco region footprint.

Economic Development Access Program (Virginia Department of Transportation) – Provides funds to localities for road improvements needed to create adequate access for new or substantially expanding companies.

Rail Industrial Access Program (Virginia Department of Rail and Public Transportation) – Provides funds to construct railroad tracks to new or substantially expanded industrial and commercial projects having a positive impact on economic development in Virginia. 

Transportation Partnership Opportunity Fund (Virginia Department of Transportation) – Awards grants, revolving loans, or other financial assistance to an agency or locality for projects related to transportation capacity expansion. 

Commercial & Industrial Sales and Use Tax Exemptions (VA Department of Taxation) – Offers sales and use tax exemption for purchases used directly in production or research and development. 

Green Job Creation Tax Credit (VA Department of Taxation) – Offers annual individual or corporate income tax credit for each new green job in the field of renewable or alternative energy. 

Major Business Facility Job Tax Credit (VA Department of Taxation) – Offers $1,000 income tax credit for each new full-time job created over a jobs threshold for companies locating or expanding in Virginia. 

Major R&D Expenses Tax Credit (VA Department of Taxation) – Offers individual and corporate income tax credit for incurring more than $5 million of Virginia qualified research and development expenses in taxable years beginning on or after January 1, 2016. 

New Company Incentive Program (VA Economic Development Partnership) – Offers an exemption from corporate income tax, and up to $2,000 per new job, for companies with no employment or property in the state prior to January 1, 2018 and that meet statutory investment and employment requirements. 

Recyclable Materials Processing Equipment Tax Credit (VA Department of Taxation) – An income tax credit is available to manufacturers for the purchase of certified machinery and equipment used for processing recyclable materials in taxable years beginning before January 1, 2025. 

Refundable R&D Expenses Tax Credit (VA Department of Taxation) – Offers individual and corporate income tax credit for taxpayers with qualified research and development expenses in Virginia under $5 million per year. 

Virginia Tax Benefits – Real estate and tangible personal property are only locally taxed. There are no taxes on: intangible property, manufacturer’s inventory and manufacturer’s furniture, fixtures and corporate aircraft.

Worker Training Tax Credit (VA Department of Taxation) – Offers employer tax credit of 35% for eligible training costs of eligible worker training to qualified employees, or for the direct costs of providing manufacturing training or instruction to middle and high school students. 

All of these programs are offered by the Port of Virginia.

Barge and Rail Usage Tax Credit – Offers per-unit credit for “international trade facilities” that transport containers using barge or rail, rather than trucks or other motor vehicles on Virginia’s highways.

International Trade Facility Tax Credit – Offers income tax credit for capital investment or job creation related to an international trade facility. 

Port of Virginia Economic and Infrastructure Development Grant Program (Port of Virginia) – Provides grants to companies that construct new maritime-related employment centers or expand existing centers. 

Port Volume Increase Tax Credit (Port of Virginia) – credit available to companies who increase port cargo through public or private facilities located in Virginia by a minimum of 5% in a single year.

Dinwiddie County Certified Sites

The tiered system developed by the Virginia Economic Development Partnership works to identify development ready sites in Virginia.

The Tiers range from 1 (not development ready) to 5 (shovel ready). For more information on this system, please visit www.vedp.org/vbrsp.

Virginia's Gateway Region Profile

Just south of the state capital, Virginia’s Gateway Region is a portal to commerce well-positioned for logistics/distribution and advanced manufacturing companies seeking a location easily accessible to major U.S. markets.

Virginia’s Gateway Region offers easy access to major Interstates 64, 85, and 95, a national rail network, and the inland Port of Richmond. This makes the Region, and Dinwiddie County, an attractive location for companies requiring access to major metropolitan areas and US markets.

To view the regional profile, please visit the state’s website.