The Northern Virginia Area is fortunate to have one of the strongest economies in the United States
"About 30 miles from Washington, D.C., Manassas Park boasts one of Virginia’s lowest unemployment rates--5%--and a diverse population. Originally a bedroom community of lower-priced homes, the town has grown into a tight-knit group of families with a school system that the Center for American Progress ranked this year as the most efficient in the region."
CNN Money’s 2011 List of America’s Best Small Towns
Manassas Park is part of the Washington/Arlington/Alexandria/D.C./VA metro area. The city’s quality of life is supported by diverse and ever-expanding educational and leisure opportunities, the variety and affordability of housing, and the economy and cultural amenities of the nation’s capital region.
The City's economic development assets include a commuter rail station on the Virginia Railway Express and Amtrak lines going into Washington's Union Station and title to 24.4 acres of developable land in the City's center around the commuter station.
Tax Incentives for Businesses that Expand or Move into the City
The City of Manassas Park, Virginia has adopted an aggressive strategy to encourage non-residential development by providing certain development incentives for eligible projects in specific areas of the city. The City has created three redevelopment districts.
- Four Corners (yellow): retail and office
- Conner Center (orange): light industrial
- City Center (green): retail, office, residential
Within these districts new or expanding businesses may be eligible for the following:
- Real Estate tax exemption up to 80% on increased assessed value
- BPOL (business license) tax exemption up to 80% of increased gross receipts
- Fees waived for rezoning, site plan review and permits
Special City development incentives are also available for targeted industries locating or expanding in three newly created zones:
- Local Economic Revitalization Zone
- Local Technology Zone
- Local Defense Production Zone
For information on these and other business development programs, contact Community Development.