Business Data

Industries

Employment by Sector* (1st Qtr. 2018)
Agriculture Forestry Fishing and Hunting – 213 1.4%
Mining Quarrying and Oil and Gas Extraction – 21 0.1%
Utilities  – N.D. N.D.
Construction – 1,135 7.5%
Manufacturing – 3,137 20.8%
Wholesale Trade – 412 2.7%
Retail Trade – 1,911 12.7%
Transportation and Warehousing – 256 1.7%
Information – 84 0.6%
Finance and Insurance – 235 1.6%
Real Estate and Rental and Leasing – 103 0.7%
Professional Scientific and Technical Services – 280 1.9%
Management of Companies and Enterprises – 44 0.3%
Administrative and Support and Waste Management – 890 5.9%
Education Services – N.D. N.D.
Health Care and Social Assistance – 1,696 11.3%
Arts Entertainment and Recreation – 129 0.9%
Accommodation and Food Services – 988 6.6%
Other Services – 630 4.2%
Total Government – 2,441 16.2%
Federal Government – 91 0.6%
State Government – 173 1.1%
Local Government – 2,177 14.5%
Unclassified – 28 0.2%
Total – 15,059 100.0%

N.D. – Not Disclosed
*By Business Establishment

 

Employers

Major Employers
Manufacturing
Company Product/Service Estimated Employment
Cavco Industries Manufactured housing 100-299
NewBold Corporation Credit card imprinting 50-99
Ply Gem Windows Wood window/door units 600-999
Ronile Incorporated Processed carpet yarn 100-299
Trinity Packaging Packaging 300-599
Non-Manufacturing
Company Product/Service Estimated Employment
Carilion Franklin Memorial Hospital Hospital 100-299
Ferrum College Higher education 300-599
Wal-Mart Stores, Inc. Discount supercenter 300-599

 

Taxes

Localities in Virginia collect a 1% sales tax. They do not tax other items taxed at the State level.

Counties and cities in Virginia are separate taxing entities. Therefore, a company pays taxes to either a county or to a city.

If a company is located in a town, it pays town and county taxes except for utility taxes which are paid only to the town and the license tax which is paid only to the town unless town law permits the additional collection of a county tax.

Manufacturers pay real estate, machinery and tools, truck and automobile, utility, and sales taxes.

Non-manufacturers pay real estate, tangible personal property, truck and automobile, utility, and sales taxes. They also may pay either a merchants’ capital or a license tax.

Manufacturer’s Tax Profile 2017-2018 (Franklin) pdf
Non-Manufacturer’s Tax Profile 2017-2018 (Franklin) pdf

 

Wages

Estimated Earnings (May 2017)
Occupation Median Wage Mean Wage Median Salary Mean Salary
Laborers and Freight, Stock, and Material Movers, Hand $13.45 $14.31 $27,985 $29,752
Industrial Truck and Tractor Operators $15.80 $16.26  $32,883  $33,814
Heavy and Tractor-Trailer Truck Drivers $19.37 $21.24  $40,277 $44,181
Welders, Cutters, Solderers, and Brazers $20.47 $21.39  $42,580 $44,495
Machinists $21.33 $22.73  $44,359 $47,294
Inspectors, Testers, Sorters, Samplers, and Weighers $17.75 $18.76 $36,922 $39,019
First-Line Supervisors of Production and Operating Workers $28.23 $30.38 $58,714 $63,177
Maintenance and Repair Workers, General $17.45 $18.25  $36,290 $37,956
Industrial Machinery Mechanics $21.39 $21.98  $44,489 $45,712
Bus and Truck Mechanics and Diesel Engine Specialists $19.50 $19.94  $40,556  $41,480
Office Clerks, General $15.20 $15.50  $31,625 $32,244
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive $15.34 $15.91  $31,906 $33,088
Receptionists and Information Clerks $11.88 $12.67  $24,727 $26,350
Customer Service Representatives $15.95 $16.21 $33,176 $33,735
Bookkeeping, Accounting, and Auditing Clerks $17.32 $17.75  $36,017 $36,908
First-Line Supervisors of Office and Administrative Support Workers $25.36 $26.51  $52,766 $55,139
Telemarketers $16.88 $17.86 $35,101 $37,143
Accountants and Auditors $31.24 $36.73 $64,980 $76,398
Management Analysts $34.97 $41.82 $72,732 $86,992
Human Resources Specialists $26.39 $28.06 $54,889 $58,352
Per Capita Personal Income (2016)
$37,300
Median Family Income (2012-2016)
$60,035