Economic Development

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Positioned in central Virginia, Lexington is convenient to all major points in the Shenandoah Valley and beyond. Washington and Lee University and Virginia Military Institute are both located within city limits, and cities such as Staunton, Charlottesville, Lynchburg, and Roanoke are within an hour's reach via Interstate 81. The vibrant city and surrounding region offer a plethora of recreational opportunities, with the Maury River running along the city/county boundary line, and the Blue Ridge and Allegheny mountain ranges in view on the horizon. 

Spotswood Property

Waddell Street Property (Old VDOT Property)

Lexington's Opportunity Zone Designation

The Federal Tax Cuts and Jobs Act of 2017 included provisions for a new revitalization tool, the Opportunity Zone and Opportunity Fund. Broadly speaking, the Zones and Funds will allow investors to receive tax benefits on currently unrealized capital gains by investing those gains in qualified census tracts, or Opportunity Zones. Learn more on the Virginia Department of Housing and Community Development webpage

In October of 2018, Opportunity Zone Coordinator Kristen Dahlman gave a presentation at a public event in Lexington. View her PowerPoint Presentation for more information. 

Information about combining tax credits

Virginia Qualified Opportunity Zones map