In the New London Business and Technology Center, Bedford County offers technology companies a tax abatement program on a graduated basis. The maximum possible is 60%-70% (on either machinery and tools tax or business furniture and fixtures) for up to two years, then decreasing to 40%-50% for the next two years, and 20%-30% for the final year or two. Companies must pre-qualify for this program, and amounts vary based on data presented.

Link to a pdf in button form: Download the Technology Zone Incentives as a PDF»