Hampton Roads
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Hampton

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Hampton Roads Alliance

Hampton Roads Alliance
Hampton Roads Alliance2 days ago
The U.S. aerospace and defense industry is facing a workforce shortage due to the COVID-19 pandemic, with an estimated 3.5 million vacancies likely by 2026. In addition to Virginia being the No. 1 state in defense spending, Hampton Roads is “well-positioned” in the war for talent with roughly 14,000 service members transitioning out of the military annually and about half remaining in the region. The Alliance, along with its peers at the Hampton Roads Workforce Council and the Hampton Roads Military and Federal Facilities Alliance recently spoke with Business Facilities on how Hampton Roads is ensuring the current workforce is prepared for the future, and looking for opportunities to create a resilient aerospace and defense industry in the years ahead.
Hampton Roads Alliance
Industry leaders say workforce is key when evaluating potential military & defense locations for relocation and expansion projects.
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Hampton Roads Alliance
Hampton Roads Alliance2 weeks ago
Governor Glenn Youngkin announced yesterday that Katoen Natie Norfolk Inc., a plastics and polymers warehousing and distribution company and subsidiary of Katoen Natie, will invest $59.9 million to expand in the City of Norfolk! The company will add a 450,000-square-foot warehouse, a rail yard, and expand its existing rail spur to meet increased demand. Virginia successfully competed with Georgia and South Carolina for the project, which will create 76 new jobs.

Parent company Katoen Natie is an international logistics service provider and port operator founded in 1854 and headquartered in Belgium. Katoen Natie is present in 35 countries on five continents, employing 15,000 worldwide. The Alliance worked with the City of Norfolk, the Virginia Economic Development Partnership, the Virginia Department of Rail and Public Transportation, and The Port of Virginia to secure the project for Virginia.

Read more: https://ow.ly/6mto50Q9TOL
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Hampton Roads Alliance
Hampton Roads Alliance2 weeks ago
DOMA Technologies (DOMA), a USA-headquartered software and digital transformation company, will invest $3.7 million to expand in the City of Virginia Beach, creating 307 new jobs. The company’s new 69,000-square-foot headquarters facility will house nearly 500 total employees within the next three years. DOMA Technologies was founded in Virginia Beach, Va. in 2000 as a cloud-based document management company that realized a need for a holistic approach to document management and emerging cloud technology. Congratulations to our partners at the City of Virginia Beach and VEDP on this exciting announcement!
Hampton Roads Alliance
Governor Glenn Youngkin today announced that DOMA Technologies, a USA-headquartered software and digital transformation company, will invest $3.7 million to expand in the City of Virginia Beach, creating 307 new jobs.
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Hampton, VA

The city of Hampton, located at the mouth of the Chesapeake Bay, is situated at the heart of the Hampton Roads region. Anchored by aerospace and defense facilities, major medical centers, and higher education, Hampton attracts a highly educated workforce and high-tech companies to its business parks, Downtown, and Coliseum Central Business District. A progressive business environment, eclectic neighborhoods, breathtaking waterfront, and endless recreational opportunities all combine to make Hampton the perfect place for businesses and residents alike.

Industry Highlights

The presence of NASA Langley Research Center, the oldest NASA center in the country, and the National Institute for Aerospace has made Hampton an excellent location for high-tech aerospace companies. Along with these world-renowned aerospace research centers, the city is home to the Virginia Tech Foundation’s Agricultural Research and Extension Center. This facility focuses on breakthrough research on seafood quality and safety for commercial and aquaculture industries throughout Virginia and the United States.

Hampton is also home to leaders in health care offering cutting-edge medical research and care solutions. Among these are Hampton University’s Proton Therapy Institute (the largest free-standing proton therapy institute in the world), the Veterans Administration Medical Center, Sentara Healthcare, and Riverside Health System.

Data

Industry Employment Breakdown

Industry # of Employees % of Workforce
Health Care and Social Assistance 6,765 30.96%
Professional, Scientific, and Technical Services 4,552 20.83%
Administrative and Support and Waste Management and Remediation Services 3945 18.06%
Manufacturing 2,052 9.39%
Transportation and Warehousing 1,388 6.35%

Source: EMSI

Demographics

Population
133,637
Median Age
36.8
Labor Force
65,223
Unemployment Rate
3.7%
Median Household Income
$55,919
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

NASA Langley Research Center

Sentara Healthcare

Hampton VA Medical Center (HVAMC)

Hampton University

Howmet Aerospace

City of Hampton Economic Development Department

Mr. Steven Lynch, Interim Director
(P) 757-728-5168
steven.lynch@hampton.gov
www.hampton.gov/ed

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The Hampton Roads Alliance works collaboratively to lead the region in attracting, growing, and retaining companies and talent to create a more resilient, inclusive and equitable region of choice.

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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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