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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
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
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!

Newport News, VA

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.

Data

Industry Employment Breakdown

Industry # of Employees % of Workforce
Manufacturing 28,009 45.05%
Health Care and Social Assistance 12,771 20.54%
Administrative and Support and Waste Management and Remediation Services 6,214 9.99%
Professional, Scientific, and Technical Services 4,750 7.64%
Management of Companies and Enterprises 2,440 3.92%

Source: EMSI

Demographics

Population
178,277
Median Age
34.4
Labor Force
90,117
Unemployment Rate
3.4%
Median Household Income
$51,198
Sources: U.S. Bureau of Labor Statistics, Esri Business Analyst Online

Key Companies

Canon Virginia, Inc

Ferguson Enterprises

Huntington Ingalls Industries/Newport News Shipbuilding

Riverside Health System

Virginia Health Services, Inc.

City of Newport News Department of Development

Ms. Florence G. Kingston, Director
(P) 757-926-8428
fkingston@nnva.gov
www.nnva.gov/development

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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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