Henrico EDA

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.

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

Product category

Economic Development Services

NAICS

Administration of General Economic Programs (92611)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

Keywords

• Economic development services
• Site selection assistance
• Business incentive programs
• Workforce development resources
• Commercial property search

Headquarters

HQ city

Henrico

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. 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

Core 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

Named customers9 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

18 partnerships are on record, tiered core and minor.

• Virginia Economic Development Partnership (VEDP)coreStrategic or Co-development PartnerState-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)coreStrategic or Co-development PartnerRegional 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 RegioncoreStrategic or Co-development PartnerWorkforce development network providing recruitment support, job fair coordination, and access to diverse job seeker pools across the Metro-Richmond area.
• InternshipsVAminorStrategic or Co-development PartnerStatewide 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)coreImplementation/ SI/ Consulting PartnerFree 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 HubcoreStrategic or Co-development PartnerNon-profit organization powering the Henrico Innovation Hub at Willow Lawn, providing flexible workspaces, practical programs, and startup support services for entrepreneurs.
• Lighthouse NetworkminorStrategic or Co-development PartnerVirginia'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)minorChannel Partner/ Reseller/ DistributorChamber supporting and promoting Black-owned businesses through networking, resources, and advocacy in central Virginia.
• ChamberRVAminorChannel Partner/ Reseller/ DistributorRichmond-area chamber providing business advocacy, networking, and resources for regional business prosperity.
• SCORE RichmondcoreImplementation/ SI/ Consulting PartnerFree mentoring, workshops, and resources helping small businesses launch and grow through experienced volunteer mentors.
• Virginia Asian Chamber of CommerceminorChannel Partner/ Reseller/ DistributorChamber advancing Asian American and Pacific Islander business success through networks, opportunities, and strategic support.
• Virginia Hispanic Chamber of CommerceminorChannel Partner/ Reseller/ DistributorChamber advancing Hispanic-owned businesses through community connections and business support in central Virginia.
• Metropolitan Business LeagueminorChannel Partner/ Reseller/ DistributorSupport organization for small, women-owned, and minority businesses through advocacy, networking, and growth programs.
• InUnisonminorChannel Partner/ Reseller/ DistributorBusiness connectivity, advocacy, resources, and exposure services for local businesses to grow.
• Gather West EndcoreStrategic or Co-development PartnerPremium 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 EnergycoreTechnology or IntegrationPrimary 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)coreTechnology or IntegrationData 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 ExchangecoreTechnology or IntegrationGlobal 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

Direct 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

• YouTubeyoutube.com/channel/UC7ulNHiQcff3LBjBTHkwutA
• Facebookfacebook.com/TheHenricoEDA
• LinkedInlinkedin.com/company/henrico-economic-development-authority
• Instagraminstagram.com/henriconow
• Xx.com/henriconow

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Henrico EDA