Henrico EDA
Henrico Economic Development Authority is a government entity serving as the single point of contact for business attraction, retention, and expansion in Henrico County, Virginia, providing free site selection, workforce, incentive, and international market entry services to companies across industries.
- Company typePrivate
- Founded1970
- HeadquartersHenrico, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Henrico EDA does
Henrico Economic Development Authority (Henrico EDA) is a government economic development authority established in 1968 and headquartered at 4300 E. Parham Road in Henrico County, Virginia. Operating as a political subdivision of Henrico County Government, the organization functions as the single point of contact for business attraction, retention, expansion, and entrepreneurship within the county and the broader greater Richmond region. Its primary constituents are companies evaluating site selection, headquarters relocation, or expansion on the Eastern Seaboard, with a secondary focus on small business and startup development. The organization serves thousands of businesses across diverse industries, including more than 70 international firms and named clients such as Meta, ID Logistics, Eaton, Thermo Fisher Scientific, VCU Medical Center, Richmond National, KSB, San-J International, and Precision Roll Solutions.
Henrico EDA delivers its services through a portfolio of programs rather than a unified technology product. Core offerings include the Global Business Gateway program (with its RAMP sub-component for customized market research and qualified U.S. sales lead generation), Henrico Tomorrow office modernization incentives, SCALE UP Henrico small business loan fund, the forthcoming Henrico Innovation Hub at Willow Lawn (powered by Startup Virginia), the Business First mentorship program, and Henrico Legacy Companies recognition. Supporting technology includes an interactive property search platform with ArcGIS-integrated mapping and virtual tour capabilities, plus a digital infrastructure stack anchored by the Richmond Network Access Point (hosted by QTS) and DE-CIX Internet Exchange, providing direct access to Google's Dunant subsea cable at 250 Tbps. The organization also connects businesses to incentive programs including tax abatements, grants, industrial revenue bonds, the Virginia Enterprise Zone, and the Henrico Investment Program.
The organization's revenue model is non-commercial: Henrico EDA provides its services to businesses free of charge and does not generate fees from site selection, consulting, or program participation. Funding is sourced from Henrico County Government appropriations, state and federal grants, and performance-based incentives tied to economic development outcomes. Its economic value is measured indirectly through facilitated capital investment and job creation rather than direct revenue capture, with recent notable outcomes including ID Logistics' $83 million, 1,000-job facility, Eaton's $50+ million expansion, Greenberg Gibbons' Midtown64 $500+ million mixed-use development, and Hyper Solutions' $2 million expansion. Go-to-market is direct enterprise engagement supported by digital channels (website, property search, social media) and an extensive partnership network including VEDP, SBDC, SCORE, ChamberRVA, CCWA, Virginia Career Works, Startup Virginia, Bridging Virginia, and multiple minority chambers.
Henrico EDA firmographics
Firmographics- Name
- Henrico EDA
- Legal name
- Henrico Economic Development Authority
- Website
- https://henrico.com
- Company type
- Private
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Henrico Economic Development Authority is a government entity serving as the single point of contact for business attraction, retention, and expansion in Henrico County, Virginia, providing free site selection, workforce, incentive, and international market entry services to companies across industries.
- Ownership category
- akta.pro rank
Henrico EDA industry classification
Industry- Product category
- Economic Development Services
- NAICS
- Administration of General Economic Programs (92611)
- akta.pro primary industry
- Economic Development & Business Licensing (Local) (BPAIACAN)
Keywords
Where Henrico EDA is headquartered
LocationHeadquarters
- HQ city
- Henrico
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Henrico EDA business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Economic Development Services: Henrico EDA is a government economic development authority that provides free business development services to companies. The organization is funded through county government appropriations, grants, and performance-based incentives. They do not generate revenue from business customers but rather facilitate economic growth through business recruitment, retention, and expansion activities that benefit the local tax base.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels8 records
Henrico EDA product offering
Product offeringCore offering
Henrico EDA is a government economic development authority that serves as the single point of contact for businesses seeking to locate, launch, or expand in Henrico County, Virginia. The organization provides free site selection assistance, development review facilitation, connections to workforce and financial resources, property search tools, and access to incentive programs including tax abatements, grants, and microloan financing. It also runs specialized programs such as the Global Business Gateway for international firms entering the U.S. market and the RAMP market research program.
Product overview
Henrico EDA operates as an economic development authority offering a portfolio of business development programs and services rather than a unified technology product. The core offerings include the Global Business Gateway program (with its RAMP market research component) for international companies entering the U.S. market, Henrico Tomorrow incentives for office modernization, SCALE UP Henrico and KIVA microloan financing programs, and the forthcoming Henrico Innovation Hub. These programs are complemented by property search tools, site selection assistance, workforce development resources, and various financing and incentive programs designed to support business attraction, expansion, and entrepreneurship in Henrico County, Virginia.
Differentiator
Problem solved
Functional benefit
Brands
- Henrico Tomorrow: A collection of initiatives and incentives to modernize offices in Henrico, including Reinvest Commercial Investment Tax Abatement Program, Greater Henrico Technology Zone, and Office Reimagining Grant.
- Henrico Global Business Gateway
- RAMP (Research to Accelerate Market Potential)
- Henrico Innovation Hub
- SCALE UP Henrico
- Business First Program
- Henrico Legacy Companies
Products and services
- Henrico Tomorrow
- Henrico Global Business Gateway
- RAMP (Research to Accelerate Market Potential)
- SCALE UP Henrico
- Henrico Innovation Hub
- Henrico Investment Program (HIP)
- KIVA Partnership
- Property Search Platform
- Business First Program
Quantifiable outcome
- Third highest number of jobs and fourth largest economy in Virginia
- +5 more outcomes
Companies that use Henrico EDA
Customer profileNamed customers9 records
Segments7 records
Ideal customer profiles7 records
Henrico EDA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Henrico EDA partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and minor.
- Virginia Economic Development Partnership (VEDP)coreState-level economic development partnership providing coordinated business development services, Export Virginia programs, talent initiatives including InternshipsVA, and Virginia Enterprise Zone administration. VEDP collaborates with Henrico EDA on business recruitment and expansion projects.
- Community College Workforce Alliance (CCWA)coreRegional workforce development organization connecting businesses with skilled talent and providing training and advancement programs. CCWA serves as a key resource for the greater Richmond region workforce needs.
- Virginia Career Works – Capital RegioncoreWorkforce development network providing recruitment support, job fair coordination, and access to diverse job seeker pools across the Metro-Richmond area.
- InternshipsVAminorStatewide internship program administered by VEDP helping employers with 150 or fewer Virginia-based full-time employees build talent pipelines through paid internships with 50% matching grants.
- Capital Region SBDC (Small Business Development Center)coreFree expert guidance for entrepreneurs including business plan development, market research, financial management, and strategic planning services across Henrico and greater Richmond area.
- Startup Virginia / Henrico Innovation HubcoreNon-profit organization powering the Henrico Innovation Hub at Willow Lawn, providing flexible workspaces, practical programs, and startup support services for entrepreneurs.
- Lighthouse NetworkminorVirginia's first startup accelerator reimagined for long-term founder development, providing mentorship, capital access, and community support for entrepreneurs.
- Central Virginia African American Chamber of Commerce (CVAACC)minorChamber supporting and promoting Black-owned businesses through networking, resources, and advocacy in central Virginia.
- ChamberRVAminorRichmond-area chamber providing business advocacy, networking, and resources for regional business prosperity.
- SCORE RichmondcoreFree mentoring, workshops, and resources helping small businesses launch and grow through experienced volunteer mentors.
- Virginia Asian Chamber of CommerceminorChamber advancing Asian American and Pacific Islander business success through networks, opportunities, and strategic support.
- Virginia Hispanic Chamber of CommerceminorChamber advancing Hispanic-owned businesses through community connections and business support in central Virginia.
- Metropolitan Business LeagueminorSupport organization for small, women-owned, and minority businesses through advocacy, networking, and growth programs.
- InUnisonminorBusiness connectivity, advocacy, resources, and exposure services for local businesses to grow.
- Gather West EndcorePremium co-working space providing dedicated office facilities for Global Business Gateway program members at reduced cost, offering professional workspaces in one of the East Coast's most vibrant co-working communities.
- Dominion EnergycorePrimary electricity provider with 99.972% reliability rate offering special economic development rates and terms to industrial users for 18 years, plus Green Power programs for sustainable energy.
- QTS (Quality Technology Services)coreData center operator hosting the Richmond Network Access Point (NAP) where four major subsea cables converge with terrestrial fiber networks, offering direct access to Google's Dunant cable at 250 Tbps.
- DE-CIX Internet ExchangecoreGlobal IX operator providing RVA-IX integration with interconnection hubs in Chicago, New York, Dallas, Houston, and Phoenix, forming the largest neutral interconnection ecosystem in North America.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Henrico EDA competitors and assessment
Company assessmentDirect peers
- Hampton Roads Economic Development Alliance: Regional Virginia EDA pursuing the same advanced manufacturing, port-adjacent logistics and corporate attraction opportunities as Henrico.
- Arlington Economic Development: Virginia jurisdiction-level economic development body competing for corporate HQ, professional services and international company relocations in the same state incentive framework.
- Greater Richmond Partnership: Regional public-private economic development organization covering the same Richmond metro as Henrico EDA, marketing the same workforce, infrastructure and incentives to inbound companies.
- Chesterfield County Economic Development: Immediately adjacent Virginia county EDA competing for the same advanced manufacturing, logistics and corporate attraction projects along the I-95 corridor.
- Fairfax County Economic Development Authority: Virginia county-level EDA of comparable scale targeting the same FDI, corporate HQ and data-center deals with overlapping industry verticals.
- Loudoun County Department of Economic Development: Northern Virginia peer specializing in data center and tech attraction — direct competitor for the hyperscaler and IT infrastructure deals Henrico is also targeting.
Broad incumbents
- Greater Washington Partnership: Cross-jurictional regional body coordinating economic development across the DC-metro area, including portions of Northern Virginia, with overlapping corporate-attract and talent-pipeline mandates.
- Virginia Economic Development Partnership (VEDP): State-level authority that partners with Henrico EDA on recruitment and runs Virginia Enterprise Zone and InternshipsVA programs, providing umbrella-level services that overlap with and complement Henrico's offering.
Regional players
- Charlotte Regional Business Alliance: Mid-size Southeastern regional EDA with a comparable mix of financial services, manufacturing and corporate HQ attraction — competes with Henrico for companies choosing between East Coast metros.
- Invest Atlanta: City-level economic development authority in a peer Southeastern metro, pursuing similar tech, fintech and corporate-HQ deals with comparable incentive and workforce tools.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Henrico EDA social profiles
Digital presenceHenrico EDA financial estimates
Financial estimateRevenue estimate
Valuation estimate
Henrico EDA leadership team
Management profileNumber of profiles
Profiles7 records
Henrico EDA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Henrico EDA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Henrico EDA
What does Henrico EDA do?
Henrico EDA is a government economic development authority that serves as the single point of contact for businesses seeking to locate, launch, or expand in Henrico County, Virginia. The organization provides free site selection assistance, development review facilitation, connections to workforce and financial resources, property search tools, and access to incentive programs including tax abatements, grants, and microloan financing. It also runs specialized programs such as the Global Business Gateway for international firms entering the U.S. market and the RAMP market research program.
Is Henrico EDA a public or private company?
Henrico EDA is a private company. It is classified as state government owned and is currently operating.
When was Henrico EDA founded?
Henrico EDA was founded in 1970. It employs 11 to 50 people.
Where is Henrico EDA based?
Henrico EDA is headquartered in Henrico, United States, in the North America region.
How does Henrico EDA make money?
One revenue line is on record: economic Development Services.
Who are Henrico EDA's main competitors?
Direct peers on record are Hampton Roads Economic Development Alliance, Arlington Economic Development, Greater Richmond Partnership, Chesterfield County Economic Development, Fairfax County Economic Development Authority and Loudoun County Department of Economic Development. Broad incumbents are Greater Washington Partnership and Virginia Economic Development Partnership (VEDP). Regional players are Charlotte Regional Business Alliance and Invest Atlanta.
Does Henrico EDA have an API?
No public API is recorded for Henrico EDA.
What industry is Henrico EDA in?
Henrico EDA's product category is Economic Development Services. Its primary akta.pro industry code is BPAIACAN, Economic Development & Business Licensing (Local). Its NAICS code is 92611.