“Leading companies are attracted to Virginia’s diverse, skilled talent, renowned education system, sophisticated infrastructure, and exceptional quality of life. A world-class customized workforce recruitment and training incentive program, investments in prepared sites, and innovative economic development strategies will strengthen Virginia’s position as a prime business location.”
— Jason El Koubi, President & CEO, Virginia Economic Development Partnership
By 2025, the Port of Virginia will invest $1.4 billion in modernization and expansion, making it the deepest, widest ship channel on the East Coast. (Photo: The Port of Virginia)
TARGETED GROWTH SECTORS
Virginia is focused on core sectors with the highest potential employment growth for the Commonwealth:
Gloucester, Virginia is strategically located between Virginia Beach and Washington D.C. It is the northernmost county in the Hampton Roads area. The region’s population is over 1.7 million. There are more than 90,000 students attending area colleges and universities. They are a business friendly community that welcomes new industry.
Virginia continues to raise the bar when it comes to talent development. Programs such as the Virginia Talent Accelerator Program and the Tech Talent Investment Program make sure Virginians are prepared for the jobs of today and the future.
FAST FACTS
Population (July 2022 est.): 8,683,619¹
Largest Cities (2020): Virginia Beach (459,373); Chesapeake (249,679); Norfolk (237,591); Richmond (226,670); Newport News (185,916)¹
Real GDP (2022): $513 billion²
¹U.S. Census Bureau ²Bureau of Economic Analysis, U.S. Dept. of Commerce
TOP BUSINESS FACILITIES RANKINGS
#1 Customized Workforce Training
2024 State Rankings
#1 Cybersecurity
2024 State Rankings
#3 AI Growth Hubs
2024 State Rankings
#3 Best Business Climate
2024 State Rankings
#3 Tech Talent Pipeline
2024 State Rankings
#1 Best Business Climate (Mid-Sized): Arlington
2024 Metro Rankings
Top 5 Top Container Ports (by TEUs): Port of Virginia
2024 Metro Rankings
Top 10 Housing Market Growth: Alexandria
2024 Metro Rankings
Top 10 Tech Talent Leaders (under 50k): Virginia Beach
Recently named the No.1 state workforce development program in the nation by Business Facilities, the Virginia Talent Accelerator Program accelerates new facility start-ups through the direct delivery of recruitment and training services customized to a company’s unique products, processes, equipment, standards, and culture and provided at no cost to qualified new and expanding companies as an incentive for job creation.
Gloucester, Virginia
