Chesapeake

Chesapeake, VA

At the heart of Coastal Virginia, Chesapeake is uniquely positioned as the “Mid-Point of the Mid-Atlantic” and is the transportation hub of the Hampton Roads region. Geographically, Chesapeake is connected to major waterways and abundant tracts of land and protected wetlands. By having direct access to the Elizabeth River, four major highways, and a quick drive to an international airport, it is clear why Chesapeake is an ideal location for many businesses and residents.

Industry Highlights

Chesapeake is not dominated by a singular industry or company. It’s home to international businesses, Fortune 200 companies. top-ranked medical facilities, and family-owned small businesses alike.

Summit Pointe, located in the dynamic Greenbrier district, is the center of retail, business, and entertainment. It’s campus and high-rise tower is home to over 2,000 employees at Dollar Tree, Inc, a Fortune 200 Company.

Chesapeake Regional Healthcare is a cornerstone to the economic community. A testament to the character of the City of Chesapeake, citizens rallied together with cooperation of city officials to build Chesapeake Regional Healthcare. Today, the independent health care system continuously invests in new services and expanding their facilities to best serve their community.

Quality of Life

Chesapeake is a proud community filled with residents who love where they live. Residents adore their relaxing walks in the City Park, mild commutes to work and shopping, water-based activities, and a variety of festivals and community events.

Industry Employment Breakdown

Industry

# of Employees

% of Workforce

Industry

Health Care and Social Assistance

# of Employees

8,829

% of Workforce

18.98%

Industry

Administrative and Support and Waste Management and Remediation Services

# of Employees

7,465

% of Workforce

16.05%

Industry

Professional, Scientific, and Technical Services

# of Employees

7,341

% of Workforce

15.78%

Industry

Manufacturing

# of Employees

4,805

% of Workforce

10.33%

Industry

Transportation and Warehousing

# of Employees

4,653

% of Workforce

10%

Source: EMSI

Demographics

Population

245,042

Median Age

38.4 Labor Force

122,882

Unemployment Rate

2.9%

Median Household Income

$78,981

Sources: U.S. Bureau of Labor Statistics, November 2019; Esri Business Analyst Online, 2024 Forecast; Esri Business Analyst Online 2019 Detailed Age Profile; Economic Modeling Specialists International (EMSI), 2019 Forecast

Key Companies

Chesapeake Regional Healthcare

Cox Communications

Dollar Tree

INIT, Inc

Sumitomo Drive Technologies

City of Chesapeake Economic Development

Chesapeake

Chesapeake, VA

Industry Highlights

Quality of Life

Industry Employment Breakdown

Industry

# of Employees

% of Workforce

Industry

Health Care and Social Assistance

# of Employees

8,829

% of Workforce

18.98%

Industry

Administrative and Support and Waste Management and Remediation Services

# of Employees

7,465

% of Workforce

16.05%

Industry

Professional, Scientific, and Technical Services

# of Employees

7,341

% of Workforce

15.78%

Industry

Manufacturing

# of Employees

4,805

% of Workforce

10.33%

Industry

Transportation and Warehousing

# of Employees

4,653

% of Workforce

10%

Source: EMSI

Demographics

Population

Population

245,042

Median Age

Median Age

38.4

Labor Force

Labor Force

122,882

Unemployment Rate

Unemployment Rate

2.9%

Median Household Income

Median Household Income

$78,981

Sources: U.S. Bureau of Labor Statistics, November 2019; Esri Business Analyst Online, 2024 Forecast; Esri Business Analyst Online 2019 Detailed Age Profile; Economic Modeling Specialists International (EMSI), 2019 Forecast

Key Companies

City of Chesapeake Economic Development

Mr. Steven Wright, Director

(P) 757-382-8040

scwright@chesapeakeva.biz

www.chesapeakeva.biz

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