Norfolk


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Hampton Roads Alliance
Hampton Roads Alliance14 hours ago
On Tuesday, the Hampton Roads Alliance was proud to host a successful collaborative workshop with the Virginia Economic Development Partnership! Virginia's focus on Knowledge Work, encompassing software and cybersecurity, financial services, business services, and aerospace and defense innovation, promises significant growth potential over the next decade. Participants, representing the Knowledge Work industry, gained insights into Virginia's strategic realignment towards these sectors and shared valuable feedback on pioneering economic development strategies. #VirginiaEconomy #InnoVAtiveFramework #KnowledgeWork
Hampton Roads Alliance
Hampton Roads Alliance18 hours ago
Congratulations to the 133 graduates of Huntington Ingalls Industries' Newport News Shipbuilding Apprentice School! A commencement ceremony was held over the weekend with U.S. Rep. Bobby Scott, NNS leadership, and local shipbuilding supporters, alongside family and friends of the graduates, in attendance.

The Newport News Shipbuilding Apprentice School has been accredited since 1982. Students can earn academic degrees through its partnerships with institutions of higher education. Certification to grant associate degrees and confer degrees on its own came in July 2020, after the school was approved by the State Council of Higher Education for Virginia to operate as a postsecondary institution.
Hampton Roads Alliance
Hampton Roads Alliance2 days ago
Did you know the Port of Virginia now has the widest shipping channel on the East Coast? Two areas of the channel have been widened to allow for two-way traffic. Widening in one area was completed in 2023, while the second was completed earlier this year. Dredging to make the channel the deepest on the East Coast is also underway. As of March 2024, dredging to deepen the channel from 50 to 55 feet in the Norfolk harbor, and 50 to 59 feet in the ocean approach was expected to be complete in 2025.

Norfolk, VA

Norfolk is a thriving city of almost 250,000 residents, serving as the regional center for healthcare, arts and culture, business, higher education, professional sports, innovation and entrepreneurship. A city of international commerce and trade, we have specializations in a wide variety of industries, including shipbuilding and repair, distribution and logistics, information technology, and defense.

Industry Highlights

Norfolk is the most multi-modal city in Virginia. Transportation assets include a global port, Norfolk International Airport (ORF), Half Moone Cruise Center, Amtrak service, and light rail.  A Norfolk Naval Transit Corridor project is under study to evaluate future high-capacity transit services leading to the Naval base.

Businesses seeking collaborative opportunities for innovation find a business community ripe with university research and innovations centers with linkages to sister international organizations addressing problems and finding entrepreneurial solutions. Due to our maritime/coastal, healthcare and military concentration, our technologies are often shared across these platforms.

The region's largest redevelopment project area, St. Paul's, encompasses 350-acres adjacent to Downtown, is in 3 of Norfolk's 16 Opportunity Zones. This area is embracing transformational investment and sustainable environmental efforts. Home to the largest collection of naval operations in the world, touching every branch of the armed services, and home to the future of global security, NATO Allied Command Transformation, Norfolk is known throughout the world as a center of prowess. Progress in the offshore wind industry, and high-speed fiber-optic access connections, as well as installation of 5G, is feeding new opportunities for new and expanding companies seeking scalability and working with an internationally recognized leader in coastal resilience.

Healthcare and medical insurance continues to thrive.  Norfolk is the headquarters of Sentara Health Systems and Optima health. In support of these and many other interests, our centers of excellence expand into studies of reproductive health, autoimmune diseases, medical reporting and diabetes.  In 2020, more than half a billion dollars in hospital expansion projects will be completed.  One expansion is The Children’s Hospital of the King’s Daughters, an excellent institution and one of the only children’s hospitals in Virginia.  

Quality of Life

The Norfolk lifestyle is centered on waterfront recreation and conservation. The Elizabeth River and the Lafayette River wind through many neighborhoods, and the Chesapeake Bay brings 7.5 miles of pristine beach, making Norfolk’s downtown one of the most beautiful waterfront cities on the East Coast.

In addition to outdoor activities, Norfolk also has many other recreational activities, including a vibrant arts and dining scene. Furthermore, a newly announced addition to our community, the Pamunkey Indian Resort Hotel and Casino, will provide another attractive option for things to do in the Norfolk area.

Data

Industry Employment Breakdown

Industry # of Employees % of Workforce
Health Care and Social Assistance 20.800 30.30%
Administrative and Support and Waste Management and Remediation Services 9,164 13.35%
Professional, Scientific, and Technical Services 8,584 12.51%
Transportation and Warehousing 8,047 11.72%
Manufacturing 6,346 9.25%

Source: EMSI

Demographics

Population
243,985
Median Age
30.8
Labor Force
113,067
Unemployment Rate
3.4%
Median Household Income
$51,325
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

Automatic Data Processing, Inc (ADP)

BAE Systems Norfolk Ship Repair

Children's Hospital of the King's Daughters

Eastern Virginia Medical School

Sentara Healthcare

Norfolk Department of Economic Development

Mr. Sean Washington, Interim Director
(P) 757-664-4333
sean.washington@norfolk.gov
www.norfolkdevelopment.com

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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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