Nestled in the heart of Virginia, the Town of Bedford is emerging as a premier destination for businesses seeking a strategic location with robust infrastructure and a supportive community. The Bedford Center for Business, a state-of-the-art Gigapark, is at the forefront of this economic revitalization, offering unparalleled opportunities for growth and success.
The Bedford Center for Business: A Premier Gigapark
Location and Accessibility
The Bedford Center for Business is strategically located off State Route 122, between U.S. Route 221 and U.S. Route 460, providing easy access to major highways and transportation networks. This prime location ensures that businesses can efficiently connect with suppliers, customers, and markets, both regionally and nationally.
Infrastructure and Utilities
The Bedford Center for Business is fully equipped with essential utilities to support a wide range of business operations. The park features a 12-inch on-site water line and a 15-inch on-site sewer line, both served by the Bedford Regional Water Authority. High-speed broadband with a 400 Gigabyte-per-second backbone ensures seamless connectivity, while three-phase 12.47 Kv electricity and propane availability cater to diverse energy needs.
Size and Flexibility
Spanning over 64 acres, the Bedford Center for Business offers lots ranging from 3 to 45+ acres, providing flexibility for businesses of all sizes. Whether you’re a small startup or a large corporation, there’s ample space to accommodate your needs and support your growth.
Transportation and Logistics
The park’s proximity to major highways, including U.S. Route 221 and U.S. Route 460, and its location within 30 miles of I-81, makes it an ideal hub for logistics and distribution. Additionally, both Lynchburg and Roanoke Regional Airports are within a 30-minute drive, offering convenient air service for domestic and international travel.
Educational and Workforce Development
Central Virginia Community College
The Bedford Campus of Central Virginia Community College is located near the entrance of the Bedford Center for Business. This educational institution plays a crucial role in workforce development, offering programs and training that align with the needs of local businesses. The college’s presence ensures a steady supply of skilled workers, fostering a supportive ecosystem for business growth.
Tax Incentives and Zoning
Virginia Enterprise Zone
The Bedford Center for Business is designated as a Virginia Enterprise Zone, offering various tax incentives to attract and support new businesses. These incentives include:
- Real estate tax: $.31 per 100assessedvalue(TownofBedford)+100assessedvalue(TownofBedford)+.41 per $100 assessed value (Bedford County)
- Business personal property tax: $1.50 per $100 original purchase price
- Machinery and Tools tax: $1.30 per $100 original purchase price
Zoning
The park is zoned for Commercial/Light Industrial use, providing a conducive environment for a wide range of business activities. The protective covenants and restrictions ensure a well-maintained and professional setting, enhancing the overall appeal of the Bedford Center for Business.
Conclusion: A Bright Future for Business in Bedford
The Town of Bedford, Virginia, is poised for significant economic growth, thanks to the Bedford Center for Business. With its strategic location, robust infrastructure, educational support, and attractive tax incentives, the park offers an unmatched opportunity for businesses to thrive. As Bedford continues to invest in its future, it solidifies its position as a leading destination for economic development in the region.
For more information or to schedule a site tour, contact Pam Armstrong, Director of the Bedford County Office of Economic Development.