Chesterfield Economic Development

Taxable value of commercial and industrial real estate in the county increased by about $1.3 billion, or 9.5%, from 2025 to 2026.

Commercial asset classes saw construction and revaluation increases across the board, including:
Office/Warehouse, 17.4%
Industrial flex buildings, 15.8%
Retail stores, 15.3%
Industrial manufacturing, 14.8%
Restaurants, 13.3%

All told, commercial and industrial properties accounted for nearly 29% of the growth in Chesterfield’s 2026 land book, which increased by $4.2 billion, or 6.5%, year over year.

And that’s with several large economic development projects, including LEGO’s precision manufacturing facility at Meadowville Technology Park, still in various stages of buildout. Even at 30% completion, the LEGO site is currently assessed at $235 million – making it the second most-valuable commercial real estate in the county.

As residential assessments return to long-term trends, business investment fuels growth in tax base • Chesterfield County, VA If the residential piece of Chesterfield’s 2026 real estate assessments could best be described as “business as usual,” on the commercial side it’s “business is booming.”

Solstice Advanced Materials Inc. today announced plans to invest over $220 million in multiple projects to expand operations at the company’s existing ballistic fiber manufacturing facility in Chesterfield, Virginia.

Solstice Advanced Materials Invests $220+ Million in Chesterfield Facility - Chesterfield Business News Solstice Advanced Materials Inc. today announced plans to invest over $220 million in multiple projects to expand operations at the company’s existing ballistic fiber manufacturing facility in Chesterfield County, Virginia.

Presenting the 2025 Virginia C-Suite Awards - Virginia Business Virginia Business is proud to present our inaugural Virginia C-Suite Awards, honoring 33 top executives who exemplify integrity, innovation and impact.

Black History Month Event!
Empowerment through Enterprise: Unlocking Business Potential for African Americans

Saturday
February 22, 2025
10:00 a.m. to 12:30 p.m.

Meadowdale Library
4301 Meadowdale Blvd
North Chesterfield, VA 23234

Hear from Charis Jones, local entrepreneur and owner of Sassy Jones, an award-winning fashion and accessories brand, as she shares stories about her small business journey. Learn more about doing business with Chesterfield County and meet with other organizations who can help you on your path as a small business owner. Light refreshments will be served. This event is FREE but registration is required to attend. Hurry, register today; seating is limited!

To Register Visit: https://chesterfield.libnet.info/event/12903552

Attention Childcare Providers! ✨
Join Chesterfield Economic Development for a free luncheon event to learn about low-interest loan opportunities and business resources designed to support childcare providers.
📆 Date: Thursday, Feb. 20, 2025
📍 Location: Midlothian Library - Chesterfield County Public Library (100 Millworks Crossing)
⏰ Lunch and Networking: 11:45 a.m. | Program Begins: 12:15 p.m.
Learn about:
✅ Child Care Financing Program - Low-interest loans for eligible providers.
✅ ChildCare Aware of Virginia - Free resources, training , and business support.
This event is free, but registration is required. Space is limited!
📩 Register by contacting Tina Shreve at [email protected] or 804-892-1043.

Join Chesterfield Economic Development as we facilitate a luncheon discussion for early childcare providers. Come to learn more about Virginia Small Business Financing Authority’s (VSBFA) Child Care Financing Program and Childcare Aware of Virginia’s resources.

This will be a free session, but registration is required. (Please have a backup representative if possible.)

You may be eligible if you have been in operation for at least two years, have a good credit rating, and fewer than 250 employees for a low interest loan from the Child Care Financing Program. Check for more eligibility requirements at https://sbsd.virginia.gov/virginia-small-business-financing-authority/childcare-financing-program/

ChildCare Aware of Virginia is Virginia’s most trusted child care resource. They provide free child care referrals, participate in community events and facilitate advocacy opportunities. They also provide a host of other resources like professional development opportunities, technical assistance which includes regulations and subsidy vendor support.

Registration, networking, and lunch pickup starts at 11:45 a.m. at the Midlothian Library, 100 Millworks Crossing, Midlothian, VA 23114. Program starts at 12:15 p.m.

Registration is required and space is limited.

Register by contacting Tina Shreve , at [email protected], or 804-892-1043

Economic Development Authority: What it does and why it's vital to Chesterfield, Part I This is the first installment of a three-part series about the EDA, its current activities in the county and its critical role in growing the local tax base and financing much-needed public facilities

Timmons Group is proud to announce that its new headquarters at the Springline at District 60 development in Chesterfield County will be powered, in part, by a 126 kW solar energy system facilitated through Dominion Energy Solutions' On-Site Solar Program. The new solar project ensures that Timmons Group’s offices in the 150,000 SF Class A building will be net zero in energy consumption.

“Our new facility reflects both our growth and our commitment to sustainability,” said Brian Bortell, President and CEO of Timmons Group. “Partnering with Dominion Energy Solutions’ new On-Site Solar Program allowed us to implement a renewable energy solution that benefits our business, our employees, and our community.”

Read the full release on the Timmons Group blog >> https://www.timmons.com/2025/01/timmons-groups-new-springline-at-district-60-office-includes-solar-project-in-collaboration-with-dominion-energy/

Chesterfield County Virginia Government
Chesterfield Economic Development
Dominion Energy
Dominion Energy Solutions

Join Chesterfield Economic Development as we facilitate a luncheon discussion for early childcare providers. Come to learn more about Virginia Small Business Financing Authority’s (VSBFA) Child Care Financing Program and Childcare Aware of Virginia’s resources.

This will be a free session, but registration is required. (Please have a backup representative if possible.)

You may be eligible if you have been in operation for at least two years, have a good credit rating, and fewer than 250 employees for a low interest loan from the Child Care Financing Program. Check for more eligibility requirements at https://sbsd.virginia.gov/virginia-small-business-financing-authority/childcare-financing-program/

ChildCare Aware of Virginia is Virginia’s most trusted child care resource. They provide free child care referrals, participate in community events and facilitate advocacy opportunities. They also provide a host of other resources like professional development opportunities, technical assistance which includes regulations and subsidy vendor support.

Registration, networking, and lunch pickup starts at 11:45 a.m. at the Midlothian Library, 100 Millworks Crossing, Midlothian, VA 23114. Program starts at 12:15 p.m.

Registration is required and space is limited.

Register by contacting Tina Shreve , at [email protected], or 804-892-1043