Virginia Economic Development Partnership

Doing business in VirginiaLeading 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
Doing business in Virginia
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)


Virginia is focused on core sectors with the highest potential employment growth for the Commonwealth:

Knowledge Work: Aerospace & Defense Innovation, Business Services, Financial Services, Software & Cybersecurity

Manufacturing: Advanced Materials, Biopharmaceuticals, Food & Beverage Manufacturing

Logistics: Transportation & Logistics


Wells Fargo
Amazon (fulfillment)
Virginia Beach
Hanover County
Amazon (data centers)
World Class Distribution
Caroline County



Dominion Energy, Doing Business in VirginiaMore than 4.5 million customers in 13 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to providing reliable, affordable, and increasingly clean energy every day and to achieving Net Zero emissions by 2050. Please visit to learn more.


Gloucester County Economic DevelopmentGloucester, 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.


VEDP Virginia

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.


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


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.


#1 Customized Workforce Training
2023 State Rankings
#1 Cybersecurity
2023 State Rankings
#2 Tech Talent Pipeline
2023 State Rankings
#3 Best Business Climate
2023 State Rankings
Top 10 Broadband Access
2023 State Rankings
#1 Best Business Climate (Mid-Sized): Arlington
2023 Metro Rankings
#2 Top Performing Container Ports: Port of Virginia
2023 Metro Rankings
Top 10 Corporate Headquarters: Arlington, Alexandria, Richmond
2023 Metro Rankings
Top 10 Logistics Leaders: Hampton Roads
2023 Metro Rankings
Top 10 Millennial Magnets: Virginia Beach, Richmond
2023 Metro Rankings

From the July / August 2023 issue of Business Facilities


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2024 Business Facilities Economic Development Organization Awards

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Top Logistics Hubs For 2024

As shifting global conditions introduce new logistics leaders, longstanding hubs are reliable options for business.
offshore wind

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The first monopile foundation for the 2.6-gigawatt offshore wind farm was installed approximately 29 miles off the Virginia Beach coast.

West Point Veneer To Reactivate Former Facility In Virginia

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Topsoe Virginia

Topsoe, ESS Technologies To Invest Nearly $402M In Virginia Expansions

Denmark-based Topsoe will build a $400M factory in Chesterfield County; ESS Technologies will invest $1.6M to increase capacity and expand its operations in Montgomery County. 

Across Virginia, New And Expanding Firms Reflect Diverse Opportunities

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Through its Select Site program, Jacksonville, FL-based CSX identifies rail-served properties with desirable traits for expanding companies.