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Hampton Roads Alliance
Hampton Roads Alliance2 days ago
Today is World Tourism Day! 🌎 Tourism is a huge economic driver for Hampton Roads. From the beautiful, sandy shores of Virginia Beach to the centuries of culture that define the Historical Triangle, Hampton Roads is a great place to explore, and there are countless ways to appreciate the beauty of the region. Today, we thank everyone who plays a part in improving our region's quality of life, allowing the tourism industry to flourish. What is your favorite local attraction or site to visit? Tell us in the comments below!
Hampton Roads Alliance
Hampton Roads Alliance4 days ago
Governor of Virginia Glenn Youngkin announced today that Alliance Investor Amazon.com will build two world-class facilities and create more than 1,000 new jobs in the City of Virginia Beach (Virginia Beach City Government)! Alliance President and CEO Douglas L. Smith stated “In the past few years, Amazon has truly embraced the Hampton Roads community, opening facilities in multiple locations and quickly becoming one of the region’s major employers. Today’s announcement marks yet another milestone in Amazon’s investment in and dedication to Hampton Roads. The Alliance congratulates Amazon, along with the Virginia Economic Development Partnership and Virginia Beach Department of Economic Development on their continued success and thanks them for their commitment to growing the Hampton Roads economy.” Learn more: https://www.vedp.org/press-release/2023-09/amazon-virginiabeach
Hampton Roads Alliance
Hampton Roads Alliance1 week ago
Hampton Roads Workforce Council hosted their exciting Workforce Innovation Awards last evening at Rivers Casino Portsmouth! 👏 Congratulations to all the winners including Michael Paris, Bureau Manager for Norfolk Economic Development, for being named 2023 Workforce Champion of the Year!

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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