Chesterfield Economic Development

Name

Chesterfield Economic Development

Legal name

Chesterfield Economic Development

Website

https://chesterfieldbusiness.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Chesterfield Economic Development is a government economic development organization serving Chesterfield County, Virginia, providing free site selection, workforce, and incentive services to attract and retain businesses across manufacturing, technology, clean energy, and small business segments.

Ownership category

akta.pro rank

Product category

Economic Development Services

SIC

Non-Operating Establishments (9995)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

Keywords

• Economic development services
• Site selection assistance
• Business attraction programs
• Workforce development resources
• Business incentive programs

Headquarters

HQ city

Chesterfield

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, Technology or R&D

Revenue model

1. Public Funding / Government Appropriation: As a county government economic development authority, Chesterfield Economic Development is funded through public appropriations and does not generate commercial revenue. Their services are provided to businesses free of charge as part of the county's economic development mission.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Chesterfield Economic Development is the county-level economic development organization for Chesterfield County, Virginia. It provides site selection assistance, business attraction and retention services, workforce development support, technology zone incentives, small business development assistance, and information on available commercial and industrial sites and buildings. All services are offered free of charge to businesses as a public-sector economic development function.

Product overview

Chesterfield Economic Development operates Chesterfield Fits as a unified economic development platform providing comprehensive business location and support services for Chesterfield County, Virginia. The platform consists of the core Chesterfield Fits informational portal supplemented by specialized service modules including Business Support Services (offering small business development, workforce assistance, and incentive programs), a Sites & Data Portal (providing commercial sites, demographic data, and labor statistics), and the Technology Zone Program (delivering tax incentives for qualifying technology companies). The platform connects businesses with workforce talent information, available industrial and commercial properties, incentive programs, and direct support from Chesterfield's economic development staff.

Differentiator

Problem solved

Functional benefit

Products and services

• Chesterfield Fits Economic Development Platform

Quantifiable outcome

• 45% of U.S. population reachable within one-day drive
• +2 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered flagship, core and minor.

• Solstice Advanced MaterialsflagshipStrategic or Co-development Partner · 1 January 2026Solstice Advanced Materials announced a $220+ million investment in a Chesterfield facility, representing a major advanced manufacturing investment in the county.
• LEGO GroupflagshipStrategic or Co-development Partner · 1 January 2025The LEGO Group operates a major manufacturing facility in Chesterfield County. CEO Niels B. Christiansen stated they were impressed with Virginia's skilled workforce, support for high-quality manufacturers, and transport links, calling Chesterfield County the best place for their factory.
• Dover Food RetailcoreStrategic or Co-development Partner · 1 January 2025Dover Food Retail announced expansion of its manufacturing campus in Chesterfield, Virginia, strengthening the county's food manufacturing sector.
• GoogleflagshipStrategic or Co-development Partner · 1 January 2025Google announced a new $9 billion investment in Virginia through 2026, with significant operations in the Chesterfield region contributing to the Commonwealth's technology ecosystem.
• Weidmuller USAcoreStrategic or Co-development Partner · 1 January 2025Weidmuller USA celebrated the grand opening of its new facility in Chesterfield, Virginia, marking 50 years of operations and expanding its manufacturing presence.
• Shamin HotelsminorStrategic or Co-development Partner · 1 January 2025Shamin Hotels broke ground on the Hilton Richmond The Mondelle at Springline at District 60, expanding hospitality infrastructure in Chesterfield.
• Super Radiator CoilsflagshipStrategic or Co-development Partner · 1 January 2024Super Radiator Coils has expanded its manufacturing and engineering operation in Chesterfield County. VP Matt Holland noted their investment enables continued mission of making components that power mechanical equipment worldwide.
• TopsoeflagshipStrategic or Co-development Partner · 1 January 2024Topsoe chose Chesterfield's Meadowville for its new state-of-the-art USA electrolyzer factory. The company won the 2024 STEM Impact Award from Business Facilities Magazine recognizing the investment.
• Commonwealth Fusion SystemsflagshipStrategic or Co-development Partner · 1 January 2024Commonwealth Fusion Systems is building the world's first commercial fusion power plant in Chesterfield, Virginia, representing groundbreaking clean energy infrastructure.
• Condair GroupcoreStrategic or Co-development Partner · 1 January 2024Condair Group chose Chesterfield for its new $57.2 million factory, establishing industrial manufacturing operations in the county.
• Chirisa-Tech-Park / Meadowville Technology ParkflagshipStrategic or Co-development Partner · 1 January 2024A $2 billion data center project celebrating construction milestones in Meadowville Technology Park, representing major technology infrastructure investment in Chesterfield.
• MaruchancoreStrategic or Co-development PartnerMaruchan operates food manufacturing facilities in Chesterfield County, contributing to the county's established food production industry.
• SabracoreStrategic or Co-development PartnerSabra operates food manufacturing operations in Chesterfield County, part of the county's diverse food production sector.
• PlentycoreStrategic or Co-development PartnerPlenty operates agriculture/technology operations in Chesterfield County, representing innovative indoor farming technology in the region.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ChesterfieldBiz
• LinkedInlinkedin.com/company/chesterfield-economic-development

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Chesterfield Economic Development