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Hampton Roads Alliance
Hampton Roads Alliance2 days ago
Today is World Tourism Day! 🌎 Tourism is a huge economic driver for Hampton Roads. From the beautiful, sandy shores of Virginia Beach to the centuries of culture that define the Historical Triangle, Hampton Roads is a great place to explore, and there are countless ways to appreciate the beauty of the region. Today, we thank everyone who plays a part in improving our region's quality of life, allowing the tourism industry to flourish. What is your favorite local attraction or site to visit? Tell us in the comments below!
Hampton Roads Alliance
Hampton Roads Alliance4 days ago
Governor of Virginia Glenn Youngkin announced today that Alliance Investor Amazon.com will build two world-class facilities and create more than 1,000 new jobs in the City of Virginia Beach (Virginia Beach City Government)! Alliance President and CEO Douglas L. Smith stated “In the past few years, Amazon has truly embraced the Hampton Roads community, opening facilities in multiple locations and quickly becoming one of the region’s major employers. Today’s announcement marks yet another milestone in Amazon’s investment in and dedication to Hampton Roads. The Alliance congratulates Amazon, along with the Virginia Economic Development Partnership and Virginia Beach Department of Economic Development on their continued success and thanks them for their commitment to growing the Hampton Roads economy.” Learn more: https://www.vedp.org/press-release/2023-09/amazon-virginiabeach
Hampton Roads Alliance
Hampton Roads Alliance1 week ago
Hampton Roads Workforce Council hosted their exciting Workforce Innovation Awards last evening at Rivers Casino Portsmouth! 👏 Congratulations to all the winners including Michael Paris, Bureau Manager for Norfolk Economic Development, for being named 2023 Workforce Champion of the Year!

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 24,164 11.6%
Professional, Scientific, and Technical Services 14,675 7%
Administrative and Support and Waste Management and Remediation Services

 

11,954

 

5.8%

Finance and Insurance 9,337 4.5%
Manufacturing 5,865 3%

Source: ECONOMIC MODELING SPECIALISTS INTERNATIONAL (EMSI), 2021 ESTIMATES

Demographics

Population

451,505

Median Age
36.9
Labor Force

207,894

Unemployment Rate

2.56%

Median Household Income

$76,600

Sources: Economic Modeling Specialists International (EMSI), 2021 Estimates

Key Companies

Sentara Healthcare

STIHL, Inc.

Anthem

LifeNet Health

GEICO

Virginia Beach Economic Development

Mr. Chuck Rigney, Interim Director
(P) 757-385-6464
crigney@vbgov.com
www.yesvirginiabeach.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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