City Of Fredericksburg

What City Of Fredericksburg does

The Fredericksburg Economic Development office is a department of the City of Fredericksburg, Virginia municipal government, established in 2006 to promote economic growth and tourism for the city (which was itself founded in 1728). The department operates from 601 Caroline Street, Suite 303, Fredericksburg, VA, with a small internal team of approximately 7 staff plus an Economic Development Authority board. It serves three primary constituencies: existing and prospective businesses seeking to open, expand, or relocate; tourists and visitors planning trips; and residents and relocating families evaluating quality of life. Services include direct business assistance, site selection via the ArcGIS-powered Property Search Center, navigation of incentive programs, and visitor information through the Visitor Center and fxbg.com.

The department's core products and underlying technology are conventional civic-sector tooling: a CivicPlus Content Management System powers the main portal; an ArcGIS Hub-based Property Search Center enables commercial real estate discovery; the FXBG FOCUS newsletter and FXBG blog drive content marketing; a Business Directory database (22401 zip code) supports local promotion; and a multi-channel social presence (Facebook, Instagram, LinkedIn, X/Twitter, YouTube) anchors community engagement. The product portfolio includes the C-PACE financing program, Opportunity Zone and HUBZone federal designations, Main Street Program, InvestFXBG loan program, EDA grant program, Small Business Disaster Grant Program, Technology Zone, Tourism Zone, Arts & Cultural District incentives, Historic and Rehab Tax Credits, the annual FXBG Diverse City Campaign, and Visitor Center services. The website is designed to comply with WCAG 2.0 A and AA and Section 508 accessibility standards.

The business model is non-commercial: the department is funded through City of Fredericksburg budget allocations and provides services at no cost to businesses, property owners, and visitors. There is no pricing model, no revenue model, and no revenue stream tied to product or service sales. Go-to-market is sales-led and relationship-driven — direct consultations with business and property owners, business retention and expansion support, milestone recognition, and partnership coordination with regional agencies (Fredericksburg Main Street, Small Business Development Center, University of Mary Washington Center for Economic Development, Germanna Community College, Mary Washington Healthcare, and regional partner agencies). Revenue predictability is therefore a function of city budget appropriations and political continuity rather than customer demand or contract renewals.

Name

City Of Fredericksburg

Legal name

City of Fredericksburg

Website

https://fredericksburgva.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

The Fredericksburg Economic Development office is a municipal government department promoting business growth and tourism in Fredericksburg, Virginia. It provides free site selection, incentive programs, and marketing support to businesses, property owners, and visitors.

Ownership category

akta.pro rank

Product category

Municipal Economic Development

NAICS

Convention and Visitors Bureaus (561591), Museums, Historical Sites, and Similar Institutions (712), Historical Sites (71212)

SIC

Services-Amusement & Recreation Services (7900), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Museum & Landmark Guided Tours (Skip-the-line/Docent-led) (THAJAAAC)

akta.pro secondary industries

Permitting, Reservations & Visitor Information Services (Passes, Booking, Visitor Centers) (THAAAGAD), National Park & Protected Area Tours (THAJAIAA)

Keywords

• Economic development services
• Tourism promotion
• Business incentive programs
• Municipal services
• Commercial site selection

Headquarters

HQ city

Fredericksburg

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, Infrastructure

Revenue model

1. Government Services: The Economic Development & Tourism department is a government office funded through city budget allocations and does not generate revenue from product/service sales. It provides services at no cost to businesses and tourists.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

The City of Fredericksburg's Economic Development & Tourism department provides free concierge-style services to businesses, property owners, and visitors. Core offerings include a GIS-based Property Search Center, administration of overlapping tax-incentive programs (C-PACE, Opportunity Zone, HUBZone, Main Street, Technology Zone, Tourism Zone, Arts & Cultural District, Historic/Rehab Tax Credits), loan and grant programs (InvestFXBG, EDA grants, Small Business Disaster Grants), tourism marketing through fxbg.com and the FXBG FOCUS newsletter, and a staffed Visitor Center.

Product overview

The City of Fredericksburg Economic Development office operates a government information portal providing business development resources, property search tools, and tourism promotion for the Fredericksburg, Virginia region. The core offerings include a Property Search Center powered by ArcGIS Hub for commercial site selection, the FXBG FOCUS newsletter for business community updates, a Business Directory database, and a comprehensive suite of business incentive programs including the C-PACE financing program, Opportunity Zone and HUBZone federal programs, Main Street Program, InvestFXBG loan program, EDA grant programs, and various city incentive programs (Technology Zone, Tourism Zone, Arts & Cultural District). The Diverse City Campaign provides ongoing marketing support for diverse-owned local businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Search Center GIS-based interactive property search tool powered by ArcGIS Hub that allows businesses, brokers, and developers to identify available commercial sites and parcels within the City of Fredericksburg.
• FXBG FOCUS e-newsletter Periodic email newsletter published by the Economic Development & Tourism department delivering business news, incentive updates, events, and destination content to subscribers.
• Business Directory Online directory of businesses operating within the City of Fredericksburg, supporting discovery and local-business promotion.
• C-PACE Program Commercial Property Assessed Clean Energy financing program that enables property owners to fund energy-efficiency and clean-energy improvements through long-term, property-tax-assessed financing.
• Opportunity Zone Program Federal Opportunity Zone designation and related incentives supporting long-term investment in designated low-income census tracts within the city.
• HUBZone Program Historically Underutilized Business Zone assistance, helping small businesses access federal contracting preferences in designated HUBZone areas.
• Main Street Program Downtown revitalization program supporting the traditional commercial district through facade improvements, business retention, and place-making initiatives.
• InvestFXBG Loan Fund Small-business loan program providing access to capital for Fredericksburg businesses for startup, expansion, or working-capital needs.
• EDA Grant Program Economic Development Administration grant program providing public-investment funding to support infrastructure, planning, and job-creation projects in the city.
• Small Business Disaster Grant Disaster-relief grant funding for small businesses impacted by declared disasters in the Fredericksburg area.
• Technology Zone Local tax-incentive designation that provides reduced permit fees and BPOL tax reductions for qualifying technology businesses locating within the designated zone.
• Tourism Zone Local tax-incentive designation that provides BPOL tax reductions and other incentives for qualifying tourism-related businesses in the designated zone.
• Arts & Cultural District Designation program supporting arts, cultural, and creative enterprises, including associated incentives and place-based programming.
• Rehabilitation Tax Credit Local rehabilitation tax credit encouraging the restoration and reuse of historic and older structures within the city.
• Historic Tax Credit Historic preservation tax credit administered for certified rehabilitation of historic properties within designated districts.
• Visitor Center Services Staffed Visitor Center providing in-person trip-planning assistance, maps, event information, and destination guidance to tourists and groups visiting Fredericksburg.
• Tourism Sales & Group Services Tourism sales service working with group organizers, tour operators, and event planners to drive group visitation, bookings, and conferences in Fredericksburg.
• fxbg.com Consumer Tourism Website Separate consumer-facing tourism website (fxbg.com) providing destination information, event listings, lodging, dining, and trip-planning content for visitors.

Named customers14 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and moderate.

• Fredericksburg Main StreetcoreStrategic or Co-development PartnerCollaborative partner for downtown revitalization efforts and economic development initiatives supporting the historic district and local business community.
• Small Business Development CentercoreStrategic or Co-development PartnerReferral and support partner providing business counseling, training, and technical assistance to small businesses in the Fredericksburg region.
• Partner AgenciescoreStrategic or Co-development PartnerNetwork of regional partner agencies including economic development organizations from surrounding counties (Stafford, Spotsylvania, Caroline) and regional tourism organizations.
• Virginia Chamber of CommercemoderateStrategic or Co-development PartnerState-level chamber providing advocacy, networking, and business support services with local Fredericksburg chapter involvement.
• Mary Washington HealthcarecoreStrategic or Co-development PartnerRegion's largest healthcare system and largest employer; key quality of life factor for business recruitment and workforce attraction.
• University of Mary WashingtoncoreStrategic or Co-development PartnerHigher education institution with Center for Economic Development; key partner for workforce development and economic research.
• Germanna Community CollegecoreStrategic or Co-development PartnerCommunity college providing workforce training and educational programs supporting local business employment needs.
• Rappahannock Area Community Services BoardmoderateStrategic or Co-development PartnerMental health services organization partnering with local businesses like PONSHOP for annual Mental Health Awareness Month exhibits.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Visit Richmond: Richmond Region Tourism. Direct peer: regional DMO operating visitor services, group sales, and leisure marketing for a Virginia urban destination that combines historic assets with a broader MICE and sports tourism agenda similar to Fredericksburg's.
• Visit Fairfax: Destination marketing organization for Fairfax County, VA. Direct peer: another Virginia DMO operating visitor centers, group sales, and leisure marketing in the same DC-metro/ Virginia tourism ecosystem with overlapping regional tourism draw.
• Visit Charlottesville: Charlottesville Albemarle Convention & Visitors Bureau. Direct peer: regional DMO running destination marketing, group sales, and visitor services for a Virginia destination with a comparable blend of historic, wine, and outdoor tourism assets.
• Visit Williamsburg: Destination marketing organization for another historic Virginia city-region. Direct peer: both operate CVB-style functions (visitor center, group sales, leisure marketing) for a heritage-driven destination in the same state with comparable museum/landmark-driven tourism assets.
• Visit Alexandria: DMO for the City of Alexandria, VA. Direct peer: independently incorporated visitor bureau running a historic-district tourism model with group sales, marketing, and event promotion for an Old Town historic core similar to Fredericksburg's 40-block district.

Regional players

• Visit Loudoun: DMO for Loudoun County, VA. Regional peer: operates CVB-style visitor services and tourism marketing for a Virginia county adjacent to the DC metro, competing for some of the same DC spillover leisure and group demand Fredericksburg targets.
• Charlottesville Economic Development Authority: Regional EDA in Virginia operating incentive and business attraction programs analogous to Fredericksburg's EDA-administered InvestFXBG and grant portfolio, but anchored in the Charlottesville/Albemarle market rather than Fredericksburg.

Broad incumbents

• Virginia Tourism Corporation: The Commonwealth of Virginia's statewide DMO. Broad incumbent: state-level marketing and partnership umbrella that Fredericksburg's tourism team interacts with for cooperative marketing, data, and program partnerships statewide.
• Destination DC: The official destination marketing organization for Washington, D.C. Broad incumbent: a much larger CVB that competes for the same DC-adjacent leisure and group tourism demand pool and sets the benchmark Fredericksburg's tourism function is positioned against in the regional itinerary.

Others

• Fredericksburg Main Street: Local Main Street organization and active partner. Others/ecosystem: an in-region partner organization focused on downtown revitalization within the same historic district the Economic Development office promotes; useful adjacency for understanding the city's downtown ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/FxbgEDT
• YouTubeyoutube.com/fredericksburgva
• Facebookfacebook.com/fxbgedt
• LinkedInlinkedin.com/company/fredericksburgva
• Instagraminstagram.com/fredericksburgva

Compliance1 record

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 City Of Fredericksburg