Chesapeake

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Hampton Roads Alliance

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

The Virginia Pavilion will feature cutting-edge innovations at global conference in San Diego.

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Hampton Roads Alliance6 days 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!

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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

An Australian maritime company announced Tuesday it will set up a submarine and shipbuilding training institution in Norfolk for the short term and will seek a permanent home in Newport…

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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.

Data

Industry Employment Breakdown

Industry	# of Employees	% of Workforce
Health Care and Social Assistance	8,829	18.98%
Administrative and Support and Waste Management and Remediation Services	7,465	16.05%
Professional, Scientific, and Technical Services	7,341	15.78%
Manufacturing	4,805	10.33%
Transportation and Warehousing	4,653	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

Mr. Steven Wright, Director
(P) 757-382-8040
scwright@chesapeakeva.biz
www.chesapeakeva.biz

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