Office of Economic Development


Business Retention & Expansion survey




We offer access to the knowledge and skill based environment that businesses look for – with future-proof infrastructure and a pristine location far from the hurried pace of metro life.

Located within a day's drive of 70% of the U.S. population, the City of Bristol offers the convenient Southwest Virginia location, eager workforce, and low cost of living your business needs to thrive. Come visit and you’ll learn why Bristol is not only a good place to
live but a great place to do business. Located in the southern Appalachian Mountains, Bristol rests directly on the Virginia-Tennessee state line and is part of the metropolitan statistical area that includes Bristol, Kingsport and Johnson City, Tennessee – an area of more than 500,000 people. With its centralized location and easy lifestyle, Bristol is considered
a great alternative for the migration of businesses without the high cost of metro areas. In fact, our cost of living is about 25 percent lower than in major urban areas.
Besides being a prime spot for your business , Bristol has a distinctive country music heritage and pristine landscapes that draw thousands of visitors each year.

Check out Bristol Virginia for your next business location.

“One of the reasons
I selected this region
is the high quality of life
the area offers, including
high-quality education, health
care, telecommunications
infrastructure and other

–Jim O’Neil, President of
Information Technology Sector
Northrop Grumman

When you're in Bristol, you're right where you need to be

Learn more about Bristol



The City is home to many manufacturers, retailers, and
entrepreneurial businesses. Bristol encourages and supports the
growth and expansion of its existing businesses and welcomes all
new business investments. The City can assist new and expanding
businesses in locating affordable financing opportunities and
provides various forms of incentives to support these investments.
Bristol Virginia is unique in it is the only city that qualies for both
the Tobacco Region Opportunity funds and Tennessee Valley
Authority grants.

Discretionary Incentives


  • Commonwealth’s Development Opportunity Fund (COF)

  • Virginia Economic Development Incentive Grant (VEDIG)

  • Major Eligible Employer Grant Program (MEE)

  • Virginia Investment Performance Grant (VIP)



  • Virginia Small Business Financing Authority (VSBFA)



  • Economic Development Access Program

  • Rail Industrial Access Program

Recruitment & Training Incentives


  • Virginia Jobs Investment Program (VJIP)

Regional & Local Assistance


  • Tobacco Region Opportunity Fund (TROF)

  • GO Virginia Region One business-led initiative

  • No Net Loss Performance-Based Incentive Program

  • Bristol Virginia Utility's Economic Development Grant Fund

  • Rehabilitated Real Estate Tax Exemption

  • Expedited Permitting and Business Assistance

  • Design Assistance

  • Foreign Trade Zones (FTZs)

  • Virginia STEM Industry Internship Program (CSIIP)

  • Virginia Enterprise Zone – Job Creation Grant

  • Virginia Enterprise Zone – Real Property Investment Grant

  • Local Enterprise Zone – Building Facade Improvement Grants

  • Local Enterprise Zone – Business Location Assistance

  • Local Enterprise Zone – Job Training

Tax Incentives


  • Commercial and Industrial Sales & Use Tax Exemption

  • Opportunity Zone Tax Incentive.

  • New Markets Tax Credit.

  • Data Center Retail Sales & Use Tax Exemption

  • Green Job Creation Tax Credit

  • Major R&D Expenses Tax Credit

  • Refundable R&D Expenses Tax Credit

  • Major Business Facility Job Tax Credit

  • Recyclable Materials Processing Equipment Tax Credit

  • Worker Retraining Tax Credit





300 Lee Street 

Bristol VA 24201


For any general inquiries, please fill in the following contact form:


© 2023 by City of Bristol Virginia, Office of Economic Development

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