Virginia Beach


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Hampton Roads Alliance
Hampton Roads Alliance3 days ago
As the demand for nuclear-powered submarines increases, Newport News Shipbuilding said it’s working to hire 3,000 skilled trades workers this year and a total of 19,000 within the decade. Last year, the Hampton Roads Workforce Council reported that the region’s maritime shipbuilding vacancies could increase to 40,000 by 2030 if measures to build capacity weren’t taken, while U.S. Navy Secretary Carlos Del Toro said in December that the U.S. shipbuilding industry will need 150,000 new qualified workers in the next 10 years. As a result, NNS is working with the Navy’s submarine industrial base office and the Hampton Roads Workforce Council to reach potential new employes.
Hampton Roads Alliance
Hampton Roads Alliance4 days ago
According to Southern Living magazine, Colonial Williamsburg is one of 23 treasure troves of “authentic locales in the South that each offer an experience you can only have there.” In a special edition of this month’s magazine, an online survey among the magazine’s readers rates their favorite places across the South for its 2024 awards. More than 20,000 people responded and ranked City of Williamsburg, Virginia - Municipal Government as second in the South’s top 20 small towns!
Hampton Roads Alliance
Hampton Roads Alliance4 days ago
Governor Glenn Youngkin today announced that FreezPak Logistics, LLC, a leading provider of full-service cold and dry storage services, is investing $77.5 million to construct a 245,000-square-foot cold storage facility in the City of Suffolk, VA - Municipal Government to serve the Mid-Atlantic region, via The Port of Virginia. The project will create 80 new jobs for the region! The Alliance was proud to work alongside Suffolk VA Economic Development Department #YesSuffolk and the @viVirginia Economic Development Partnership on this announcement. Read more: https://ow.ly/Ese750QTmLR

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, 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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