Chesapeake


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Hampton Roads Alliance
Hampton Roads Alliance4 days ago
As the demand for nuclear-powered submarines increases, Newport News Shipbuilding said it’s working to hire 3,000 skilled trades workers this year and a total of 19,000 within the decade. Last year, the Hampton Roads Workforce Council reported that the region’s maritime shipbuilding vacancies could increase to 40,000 by 2030 if measures to build capacity weren’t taken, while U.S. Navy Secretary Carlos Del Toro said in December that the U.S. shipbuilding industry will need 150,000 new qualified workers in the next 10 years. As a result, NNS is working with the Navy’s submarine industrial base office and the Hampton Roads Workforce Council to reach potential new employes.
Hampton Roads Alliance
Hampton Roads Alliance4 days ago
According to Southern Living magazine, Colonial Williamsburg is one of 23 treasure troves of “authentic locales in the South that each offer an experience you can only have there.” In a special edition of this month’s magazine, an online survey among the magazine’s readers rates their favorite places across the South for its 2024 awards. More than 20,000 people responded and ranked City of Williamsburg, Virginia - Municipal Government as second in the South’s top 20 small towns!
Hampton Roads Alliance
Hampton Roads Alliance5 days ago
Governor Glenn Youngkin today announced that FreezPak Logistics, LLC, a leading provider of full-service cold and dry storage services, is investing $77.5 million to construct a 245,000-square-foot cold storage facility in the City of Suffolk, VA - Municipal Government to serve the Mid-Atlantic region, via The Port of Virginia. The project will create 80 new jobs for the region! The Alliance was proud to work alongside Suffolk VA Economic Development Department #YesSuffolk and the @viVirginia Economic Development Partnership on this announcement. Read more: https://ow.ly/Ese750QTmLR

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

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