Virginia Beach


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Virginia Beach, VA

Virginia Beach, the largest city in Virginia, is a vibrant East Coast city that nurtures a healthy mix of industry, attractions, and people. Miles of pristine waterfront make our community a premier destination for business and pleasure alike. With commitment to pro-business policies, access to a skilled and abundant workforce, and a robust transportation system, Virginia Beach is the ideal location for your next business opportunity.

Industry Highlights

The City’s business community is renowned for its highly diverse collection of industries, including nationally and internationally known corporate headquarters, technologically-advanced manufacturers, billion-dollar defense contractors, and locally owned shops.

LifeNet Health, headquartered in Virginia Beach, is a leader in the fields of tissue and organ research and regenerative medicine. It also is a global leader in allograft bio-implant technology, and a leading provider of organ donation and tissue banking services.

STIHL Inc., a German-based manufacturer of chain saws and other power tools, has a 150-acre, 1-million square-foot North American headquarters facility in Virginia Beach. Its Virginia Beach location has continually expanded since its opening more than 45 years ago, and today produces more tools than any other STIHL facility worldwide.

Quality of Life

Virginia Beach is a lively city with plenty of recreational activities. Most notable for its beautiful waterfront, there are a total 38+ miles of beaches and almost 80 miles of scenic waterway on which to enjoy a great day out by the water. Other popular attractions include First Landing State Park, The Virginia Aquarium, The Virginia Beach Amphitheater, and community festivals like the Pungo Strawberry Festival and the Oceanfront Neptune Festival. These are just a small taste of what our city offers to locals and tourists alike. 

Data

Industry Employment Breakdown

Industry # of Employees % of Workforce
Health Care and Social Assistance 23,231 29%
Professional, Scientific, and Technical Services 13,395 16.72%
Administrative and Support and Waste Management and Remediation Services 11,430 14.27%
Finance and Insurance 8,713 10.88%
Manufacturing 6,380 7.96%

Source: EMSI

Demographics 2019

Population
451,160
Median Age
36.9
Labor Force
235,656
Unemployment Rate
2.7%
Median Household Income

2.7%

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

Sentara Healthcare

STIHL, Inc.

Anthem

LifeNet Health

GEICO

Virginia Beach Economic Development

Mr. Taylor Adams, Director
(P) 757-385-6464
tadams@vbgov.com
www.yesvirginiabeach.com

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Get the guidance you need on our 757 COVID-19 Business Recovery Forum. Read advice from industry experts and ask questions at www.757recovery.com. For business resources related to Coronavirus, please visit the Hampton Roads Chamber’s COVID-19 Business Resource Guide.