Regional economic development got a boost thanks to New Kent County officially joining the Hampton Roads Alliance as its newest locality member. The partnership marks an exciting chapter in the ongoing growth and development of the Hampton Roads region. The addition of New Kent County to the Alliance signals a strategic partnership designed to bolster the county’s growth opportunities and leverage the region’s resources to attract new business, enhance infrastructure and promote regional cooperation.
A Snapshot of New Kent County
New Kent County, located between Richmond and Williamsburg, is a rapidly growing locality that offers a unique blend of rural charm and economic opportunity. With a population of over 23,000 residents, the county has experienced significant growth in recent years, making it one of the fastest-growing localities in Virginia. This growth is supported by a strong foundation in industries such as manufacturing, agriculture and tourism.
Its proximity to major transportation corridors, including Interstate 64 and Route 60, offers attractive logistics advantages to businesses considering expansion into the area.
New Kent County boasts a highly educated workforce, with nearly 30% of its residents holding a bachelor’s degree or higher. The county’s strategic location, coupled with its business-friendly environment, has attracted numerous businesses, contributing to a low unemployment rate and a robust local economy.
Virginia Derby: A Gateway to the Kentucky Derby In New Kent County
Governor Glenn Youngkin announced that starting in 2025, the Virginia Derby at Colonial Downs in New Kent County will become a qualifying race for the Kentucky Derby. This development is a monumental win for New Kent County and the entire Commonwealth of Virginia, positioning the Virginia Derby as a key event on the national horse racing circuit.
Colonial Downs is a cornerstone of New Kent County’s tourism and entertainment industry, drawing visitors from across the country and contributing significantly to the local economy.
The Virginia Derby’s new status as a Kentucky Derby qualifier will undoubtedly elevate New Kent County’s profile, attracting even more visitors, investment and economic opportunities to the area. This is a testament to the county’s growing influence and its potential to be a major player in Virginia’s economic landscape.
Looking Ahead
With its inclusion in the Hampton Roads Alliance, New Kent County will now have greater exposure to industries that align with the region’s strategic sectors, including advanced manufacturing, logistics, maritime, renewable energy, technology and defense. The Alliance’s unified approach to economic development will provide New Kent County with opportunities to collaborate on key initiatives that drive regional prosperity.
