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Bedford County Economic Development
Contact: Traci Blido
122 East Main St, Ste. 202
Bedford, VA 24523

Phone: 540-587-5670

www.bedfordeconomicdevelopment.com

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Bedford, VA MapWhere Is Bedford, Virginia?

Bedford County is in the west-central area of Virginia known as the Piedmont Plateau, midway between the cities of Lynchburg to the east and Roanoke to the west. It is made up of 764 square miles, with the Town of Bedford as the county seat in the center.

With the Blue Ridge Mountains to the west, the James River to the northeast, and beautiful Smith Mountain Lake to the North, Bedford County is just 131 miles west of Richmond, 180 miles southwest of Washington D.C., a short day’s drive to New York City or Atlanta and 697 miles to Chicago.

Why Bedford?

Bedford County, Virginia is a picturesque, family-friendly setting to locate and operate a business. In addition to being in one of the most business-friendly states in America, here are some of the advantages that Bedford County has to offer:

  • Several major markets, such as New York, Philadelphia, Washington D.C., Charlotte and Atlanta are all within a day’s drive.
  • Located within 30 minutes of the Roanoke, Virginia MSA and the Lynchburg, Virginia MSA, Bedford County pulls from a workforce of over 500,000 people.
  • Low tax rates make Bedford County an attractive place to do business. Business taxes are well below the national average, and the real estate tax rate is just $0.52 per $100 assessed value.
  • Operating costs well below the national average. There is no Merchant’s Capital Tax or Business License Tax.
  • Bedford County is part of a foreign trade zone (FTZ).
  • County government is pro-business, and easy to do business with.
  • Virginia is a “Right to Work” state with low union activity.
  • Great public school system with excellent achievement scores.
  • Four inter-regional highways with U.S. 460 connecting with I-81 near Roanoke.

Target Industries

Bedford County, with its excellent incentives, workforce training programs, and superb quality of life, is a location of choice for industries in several target clusters. These industries have a significant presence in our county and region and provide great opportunities for “feeder” or supplying companies to locate here as well.  Here are a few of Bedford County’s target industry clusters:

Nuclear Energy

The Commonwealth of Virginia is uniquely positioned to assume a national leadership role in reforming and rebuilding nuclear energy. Two major nuclear companies, Babcock & Wilcox and AREVA have operations in the region, as well as several medium to smaller companies that support this industry.
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Wireless Communication

The Wireless Communication industry has had a significant presence in this region for many years. From the former presence of telecoms giant Ericsson, Inc. to the dozens of wireless companies that have sprouted up since then, this region is in the forefront of the wireless communication industry. The wireless business community has evolved to bring forward new technologies that address wireless solutions that are key.
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Advanced Manufacturing

Manufacturing accounts for nearly 10 percent of Bedford County’s Employment mix, but these businesses are not the traditional manufacturing with masses of employees working on a single product line handling just one step in the process.
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Agribusiness

Bedford County has more than 1,400 farms and 200,000 acres of farmland. It is a prime location for agriculture-based businesses. We also have a growing local food movement and have implemented a Bedford Grown initiative in which producers and farmers can use a logo to signify which products were grown or raised in Bedford County. This instills pride for Bedford Grown products and is expected to increase sales.
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Pharmaceuticals

Bedford County’s largest employer is TEVA Pharmaceuticals, a leading global pharmaceutical company, committed to increasing access to high-quality healthcare by developing, producing and marketing affordable generic drugs as well as innovative and specialty pharmaceuticals and active ingredients. Headquartered in Israel, Teva is the world’s leading generic drug maker, with a global product portfolio of more than 1,000 molecules and a direct presence in about 60 countries and employs more than 600 in Bedford County.
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