Can Henrico Hitch Its Economic Wagon to Washington?

http://www.baconsrebellion.com

Speaking of economic development (see previous post), give Henrico County credit for thinking differently.

The Henrico County Economic Development Authority is marketing the county as an alternative, low-cost location for companies in the Washington region. I’m not sure the EDA has formulated a winning sales pitch yet, but as long as it keeps tinkering with the message, it might have a winner.

The county has started contacting people at about 500 companies in the Washington region. “We’re thinking they may be considering moving either all or part of their business to a less costly environment,” Gary McLaren, executive director of the EDA, told the Times-Dispatch. Companies relocating from the Washington area can save 20% to 40% on labor, office leases, utilities and taxes, according to a Henrico EDA brochure quoted by the newspaper. More here.