Virginia Cultivates Innovation
Equidistant to New York City and Atlanta, and within a day’s shipping reach to two-thirds of the US population, Virginia is perfectly situated to serve future-focused companies. It has a robust talent pipeline of highly educated workers in innovation, research and development. It ranks 5th in engineering graduates, and is home to Virginia Tech, one of the top 50 research institutions in the world. CNBC ranked Virginia as the top state for business in 2019.Select your site Deals we've done
Seize the Future with Us
Our operating company, Appalachian Power, serves nearly 530,000 customers in Virginia, including commercial and industrial customers from a wide range of industries. Steel Dynamics, Ballast Point Brewing, Volvo Trucks, Greif Brothers and Goodyear are a few of the brands that call our region home.
Contact John Smolak, Director of Economic and Business Development
- My career in economic development spans nearly 40 years with experience in both the private and public sector.
- I served as the president and CEO of the Franklin Southampton Economic Development, Inc., a public – private partnership representing the city of Franklin, Va. and Southhampton County. I have also served in several management and leadership roles with the West Virginia Development Office for the State of West Virginia.
- A graduate of Kent State University and of the Economic Development Institute at the University of Oklahoma, I was the chairman of the Southern Economic Development Council, a 17-state regional development association and served on the SEDC executive board of directors for 8 years.
Lay of the Land
We serve 34 counties in our 11,000 square-mile territory in central and southwestern Virginia.
Is your location served by AEP?
Energy & Chemicals
Food & Beverage
Paper & Timber
Plastics & Rubber
Strategically located in the Mid-Atlantic region, Virginia is a multimodal transportation hub with extensive interstate, rail and port infrastructure providing easy access for a wide range of goods and services. Scroll below to see more of what Virginia has to offer.
Building costs in Roanoke and Lynchburg are 15% lower than the national average.
Since 1972, Virginia has had a stable 6% corporate income tax, lower than the national median of 6.5%.
The Commonwealth ranks #1 for best regulatory environment (Forbes 2018) and #3 for business-friendly environment (CNBC 2019).
With the nation’s 3rd largest state-maintained transportation network, Virginia has 6 major north-south and east-west interstate routes, including I-81, I-77, and I-64 in AEP’s territory.
Virginia residents enjoy access to the nation’s 6th best K-12 public education system (Wallet Hub).
Power in Virginia
Appalachian Power’s distribution and transmission offerings can accommodate large industrial users. We bring energy solutions to meet your biggest challenges. Here’s how we help to power your success.
Cost-competitive electric rates
Our industrial rates are 4% below the state average and 5% below the US national average.
Economic development incentives
We offer incentives for new customers with over 1,000 kW of load. You receive a 25% reduction in your demand charge for the first five years of operation.
With our 100% renewables program, you can purchase energy exclusively from the renewable resources in Appalachian Power’s generation portfolio.
We offer several incentives for energy efficiency improvements.
Advisory services for industrial process improvements, sustainability and resiliency solutions and more. Our energy capabilities can be customized for your needs.More energy solutions