New Kent County, Virginia  Economic Development Authority

Important Labor Considerations

Low Workers’ Compensation Cost

Virginia has one of the lowest average worker’s compensation costs in the nation and has been consistently among the lowest cost states for over 15 years.

Low Unemployment Tax

The unemployment insurance tax rate is the 6th lowest in the nation and is 12% lower than the national average.

Educated Workforce

More than 89% of those 25 and older are high school graduates, and nearly 36% are college graduates. Workforce development is available at five nearby community colleges.

Right-To-Work

Virginia is a right-to-work state. At 6.2% Virginia has the ninth lowest unionization rate in the county.

High Labor Productivity

The areas have one of the lowest work stoppage records in the United States.
Nationally, Virginia ranks in the top 10 in labor productivity