Allies in Economic Development


ABOUT THE ALLIANCE


FEATURED INDUSTRY

Business and Shared Services

LATEST TWEETS

Hampton Roads Alliance
Hampton Roads Alliance3 days ago
The Alliance will be representing Hampton Roads at AUVSI Xponential 2024, the unmanned systems industry's largest global conference and exhibition! The Virginia Innovation Partnership Corporation is organizing the Virginia Pavilion - VEDP, Fairfax County Economic Development Authority, the Loudoun County Economic Development Authority, the New River Valley Economic Development Alliance, and the Virginia Coalfield Economic Development Authority will also be there to market our state to members of the unmanned systems industry as the ideal place to locate their manufacturing and business operations.
https://ow.ly/ak0p50RlPas
Hampton Roads Alliance
Hampton Roads Alliance1 week ago
It was an incredible evening onboard the iconic Battleship Wisconsin! The Hampton Roads Alliance, alongside the Hampton Roads Workforce Council and the Government of South Australia, brought together a dynamic gathering of Hampton Roads business leaders and defense-related companies from Australia for a reception after visiting Hampton Roads for a couple days. From fostering partnerships to sharing insights, it was a fantastic opportunity to delve into the vibrant defense and maritime industry supporting AUKUS. Thank you City of Norfolk Government, Norfolk Department of Development, and Nauticus for hosting us!
Hampton Roads Alliance
Hampton Roads Alliance1 week ago
Hear from the team at QMS about why these chose Hampton Roads for their new submarine and shipbuilding training institution! #AUKUS

Achieving more for Hampton Roads

With our public and private partners, we can make Hampton Roads more competitive in economic development. The Alliance has revamped its strategy to market the region more effectively, address product deficits that impact our competitiveness, and position us as the leading community in critical industry sectors.


The goals and strategies of the five-year Allies in Economic Development campaign are:

Goal 1: Build a world-class regional economic development system.

  • Targeted Business Development
  • Engaged Next-Generation Marketing
  • Integrated Regional Intelligence

Goal 2: Invest in our sites & our people.

  • Creative Real Estate Solutions
  • Enhanced Talent Recruitment

Goal 3: Strengthen our region's resiliency.

  • Leading Energy Portfolio
  • Emphasis on Diversity & Inclusion

This new strategic plan positions the Hampton Roads region with a competitive advantage to attract jobs and investment in our target industries. Those industries are:

  • Business & Shared Services
  • Information Technology
  • Advanced Manufacturing
  • Distribution & Logistics
  • Food & Beverage Processing
  • Offshore Wind

The Alliance's new five-year plan is expected to bring 7,000 jobs to the region with an average hourly wage of $48.93 ( or with an average salary exceeding $101,000 a year). In turn, these jobs will generate an additional 8,000+ jobs with average annual salaries of more than $75,000. Once the direct and indirect jobs are in place, consumer expenditures in the community are expected to be $728.5 million, and annual bank deposits will be nearly $114 million.

We cannot do this alone. Our public-private partnership funding model brings together the public funding from our local government entities and from businesses and institutions large and small throughout the region that believe a robust and resilient economy will benefit the region and their organization's bottom line. Together, let's grow Hampton Roads, learn more about investing in the Alliance.

Allies in Economic Development Case for Investment

Subscribe today to receive valuable, up-to-date insight on the Hampton Roads region.

Subscribe

COMMITTED TO HAMPTON ROADS

CONTACT US

Hampton Roads Alliance
3 Commercial Place, Suite 1320
Norfolk, VA 23510
P: (757) 627-2315
F: (757) 623-3081

© 2023 Hampton Roads Alliance. All rights reserved. | Site By: Conway Inc. | Privacy Policy