The City of Newport News is the third largest city in Hampton Roads and the fifth largest city in Virginia. Sitting on a prime vantage point where the James River meets the Chesapeake Bay, the city runs approximately 23 miles along the James River and the Hampton Roads Harbor. Steeped in history, Newport News is a vibrant, transformational metropolitan city that balances economic activity and livability. Among the City’s business-friendly attributes are a resilient and innovative economy, favorable labor climate, highly productive workforce, outstanding quality of life and nationally recognized schools.
Industry
Highlights
Jefferson Lab, a world-class national laboratory specializing in particle physics, has been present in Newport News for over 30 years. During that time, the Lab has won over $3.2 billion in federal funding and made groundbreaking discoveries in nuclear physics. This unique and important science asset, attracting over 1,600 international users annually, is a significant contributor to the local economy.
City Center at Oyster Point, the Peninsula’s Central Business District and home to several major corporate headquarters, is a public-private partnership boasting over $300 million in capital investment. This mixed-use development offers over 1,000,000 square feet of office, retail and entertainment space, more than 600 units of luxury residential development, and a 256-room full-service Marriott hotel and conference center.
Quality of
Life
With world-class education, entertainment, dining, and recreation, Newport News is a place where great things are happening!
The City is home to a fully accredited, award-winning, technology-driven school system. Newport News Public Schools provide a full range of education services to over 28,000 students in 4 early childhood centers, 24 elementary, 7 middle and 5 high schools, 1 combination middle/high school, and 9 program sites.
The Patrick Henry corridor along Jefferson Avenue, anchored by Patrick Henry Mall, is home to some of the most desirable specialty retailers on the Virginia Peninsula. There is a great selection of dining options, from regional and ethnic restaurants to elegant locally-owned facilities to popular chain restaurants.
Industry Employment Breakdown
Industry
# of Employees
% of Workforce
Industry
Manufacturing
# of Employees
28,009
% of Workforce
45.05%
Industry
Health Care and Social Assistance
# of Employees
12,771
% of Workforce
20.54%
Industry
Administrative and Support and Waste Management and Remediation Services
# of Employees
6,214
% of Workforce
9.99%
Industry
Professional, Scientific, and Technical Services
# of Employees
4,750
% of Workforce
7.64%
Industry
Management of Companies and Enterprises
# of Employees
2,440
% of Workforce
3.92%
Source: EMSI
Demographics
Population
Population
178,277
Median Age
Median Age
34.4
Labor Force
Labor Force
90,117
Unemployment Rate
Unemployment Rate
3.4%
Median Household Income
Median Household Income
$51,198
Sources: U.S. Bureau of Labor Statistics, ESRI Business Analyst Online