DOING BUSINESS IN VIRGINIA
Virginia Economic Development Partnership
804-545-5802
abegnaud@vedp.org
www.vedp.org
“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
TARGETED GROWTH SECTORS
Knowledge Work: The business services, financial services, software, cybersecurity, and aerospace and defense industries.
Logistics: The production, storage, inventory, delivery, and distribution of specific goods and services.
Manufacturing: A wide variety of manufacturing subsectors including additive/advanced manufacturing, food and beverage processing, and biopharmaceuticals.
TOP PROJECTS (JOBS)
COMPANY | LOCATION | JOBS |
Framatome Inc | Lynchburg | 515 |
LS Greenlink USA Inc | Chesapeake | 330 |
DOMA Technologies | Virginia Beach | 307 |
Northrop Grumman Corporation | Waynesboro | 300 |
Modine | Rockbridge County | 211 |
FEATURED LOCATIONS
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.
Located in the Blue Ridge Mountains, boasting a low cost of living, within driving distance to major metropolitan hubs, and home to five colleges and universities, Lynchburg, VA is ideally suited for your business needs. A place where you can grow your workforce and expand your business, LYH Welcomes You!
Waynesboro is a thriving business-friendly community in Virginia’s scenic Shenandoah Valley. With a supportive entrepreneurial environment, diverse industries, affordable real estate, ample outdoor opportunities, and two entertainment districts, Waynesboro is the ideal place to start, grow, or relocate your business.
FAST FACTS
Population (2024 est.): 8,752,300¹
Largest Cities (2024 est.): Virginia Beach (451,637); Chesapeake (255,254); Arlington (240,548); Richmond (230,017); Norfolk (288,643)¹
Real GDP (2023): $597.5 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 | 2024 Metro Rankings |
Top 15 Tech Talent Leaders (under 50k): Richmond | 2024 Metro Rankings |