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Hampton Roads Alliance

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.

Industry leaders say workforce is key when evaluating potential military & defense locations for relocation and expansion projects.

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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 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!

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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Read All About It in Hampton Roads

2023 Midyear Report

For the first time, the Alliance created a video report to showcase the announcements and projects completed and underway during this record-breaking year. View it below and see what we've done, what's ahead, and how you can get involved by joining the "Allies in Economic Development" capital campaign.

Annual Reports

The Alliance's 2022 Annual Report is now live! For the first time, our Annual Report is now a complete website designed to provide you with the most in-depth look at the Alliance's activities. Download the print version below or visit allianceannualreport.com for a behind-the-scenes look at our business development activity, marketing successes, business intelligence, and investor relations work from throughout the year.

2022 Annual Report (Print Edition)

Quick Facts

46,000+ companies contacted in 2022
51 open projects in 2022
$330M+ worth of new investment in 2022

Previous years

Site Selection Intelligence Report

Published in Site Selection Magazine, this 24-page publication features interviews with more than 15 local business owners, government officials, university Presidents, and subject matter experts.