The City of Suffolk has assets to support a diverse range of industry sectors, with a strong focus on food and beverage processing, warehousing and distribution, and professional office space. At a size of 430 square miles, with ample developable sites and great connectivity, Suffolk provides an excellent location for business growth and expansion.
Recent investment announcements include:
Suffolk’s close proximity to The Port of Virginia draws businesses that embark in international trade operations. Companies with West Coast facilities such as Ace Hardware, Emser Tile, Friant & Associates have invested in Suffolk thanks to the ease of access to Port of Virginia, rail and highway networks to maximize their supply chain network most efficiently.
With one of the fastest growing populations in the state and region, Suffolk continues to draw new residents from around the country. According to Weldon Cooper Center for Public Service, University of Virginia, 93,825 call Suffolk home. This figure represents a robust 10.9% population percent increase since 2010, notably higher than the state average increase. In fact, it is projected that Suffolk will surpass 100,000 people mark before 2025.
Local workforce development resources supplement the labor force. The “Schools to Work Program” is a new workforce development initiative that began in 2018. Suffolk Public Schools’ Career and Technical Education department and Suffolk Economic Development aligned high school students with Suffolk businesses to create a relationship, increase exposure, educate the students and enforce the employment pipeline for the businesses.
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
Population | 94,960 |
Median Age | 38.9 |
Labor Force | 44,636 |
Unemployment Rate | 3% |
Median Household Income | $74,884 |
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