DO BUSINESS HERE
Locating your business in Downtown Ashland has many advantages.
Downtown Ashland enjoys very low vacancy rates and high customer satisfaction. Daily, an average of 14,000 vehicles pass through Downtown Ashland on Route 54. It is a prospering business district with high visibility.
Downtown Ashland Association actively promotes revitalization, improves public spaces, provides business resources, and markets Downtown Ashland to potential customers. Our services benefit all businesses within the district.
Town of Ashland provides financial incentives to new and expanding businesses, including revitalization and infrastructure grants.
STARTING A BUSINESS
The initial steps of establishing a business entity are similar across industries, but you may want to discuss the options with a professional. See our downtown business directory for a listing of local legal, accounting and insurance professionals.
Step 1: Legal Structure
Choose a legal structure (e.g. sole proprietorship, corporation, cooperative, etc.) to establish the managerial, financial and legal foundation for your business.
US Small Business Administration provides a helpful guide.
Virginia State Corporation Commission requires online registration of your business name
Step 2: Register your business for tax purposes
Establish a tax identifier for your business.
Step 3: Identify the need for a business license
STARTUP RESOURCES & SERVICES
Downtown Ashland Association can help to facilitate your business startup or relocation. We coordinate government services. We provide market research and connect you to entrepreneurial resources. We can help plan and promote marketing initiatives. Email us to get started.
The Town of Ashland offers services to prospective business owners, including building permit guidance (jointly with Hanover County), business licensing, sign permits, networking with community programs and other businesses, and site selection assistance. The Town also offers grants and/or financing for specific purposes through the Economic Development Authority. Call 804-798-1073 for assistance.
Hanover County offers services to prospective business owners, including building permit guidance (jointly with Town of Ashland), business counseling, economic data, networking, and site selection assistance. The County also offers financial incentives for target industries. Call 804-365-6464 for assistance.
Virginia Economic Development Partnership provides resources for starting a business in Virginia, including site selection, community profiles, key industries, production assets, and global connections. These services are focused toward large-scale businesses.
Downtown Ashland Association can help to facilitate your business growth or expansion. We connect you to free resources available for small business owners. We provide market research and help craft your marketing strategy. We help you partner with other local businesses for mutual benefit. Email us to connect.
Market Ashland Partnership is a volunteer business networking organization based in Ashland. The organization offers cooperative advertising discounts and promotions. Monthly meetings, held on Second Thursdays of each month at 8:15am at The Supply Room Company (14140 Washington Hwy), are open to prospective members.
Hanover Chamber is a business association that serves as a liaison to government and provides networking opportunities throughout Hanover County. The organization offers seminars and workshops for business owners quarterly.
Hanover County Economic Development operates the Business First Hanover program to support existing businesses. Staff will visit your location and provide business counseling to sustain or expand operations. Call 804-365-6459 for assistance.
The agency’s website presents a step-by-step guide to create a personalized business plan and financial statements.
SourceLink Virginia is an online clearinghouse of business resources for entrepreneurs in all industries.
Town of Ashland Economic Development Authority offers low-interest loans and grants to encourage business growth. Call 804-798-1073 for assistance.
Facade Grant Program (.pdf file)
Infrastructure Forgivable Loan (.pdf file)
Demolition Forgivable Loan (.pdf file)
Revitalization Grant (.pdf file)
Interstate 95 Corridor Hotel Incentive Program (.pdf file)
US Department of Agriculture offers financing for rural businesses, including those in the Town of Ashland. Call 804-287-1557 for more information.
Virginia Community Capital is a bank focused on economic development. They offer small business startup and expansion loans.