The goal of every economic development office is to grow and diversify the local tax base. Creating a business climate that serves the needs of existing businesses and attracts new businesses results in local jobs for residents. While local governments are tasked with providing services for businesses and residents, it is common for residents to live in one place; work in another; and shop and dine in others still. The neighborhoods, jobs, and recreational opportunities that make a place attractive often disregard county and city lines. People are generally attracted to “an area” rather than a specific locality. This is most certainly true for the Historic Triangle, where residents and visitors travel from one locality to another and back again without ever making a turn.
James City County, York County and the City of Williamsburg have recognized this fact and the importance of regional cooperation and collaboration. Since 2007 the three localities have jointly hosted a Business Appreciation Event, recognizing that business transactions cross our county and city lines daily. Providing this opportunity for existing businesses to network with each other, regardless of physical location, fosters business relationships that lead to success. In 2010 the Historic Triangle hosted the annual Business Retention and Expansion International Conference, bringing businesses from all around the globe to our area. In 2013 the three localities partnered to grow the James City County Business & Technology Incubator into the Triangle Business & Innovation Center, working with the College of William & Mary to grow entrepreneurs into successful businesses.
On a larger scale, all three communities are part of the Hampton Roads region and are members of the Hampton Roads Economic Development Alliance (HREDA) and Regional Air Service Enhancement Group (RAISE).
Historic Triangle Economic Data
Launchpad: Greater Williamsburg Business Incubator