DOING BUSINESS IN VIRGINIA

Virginia Economic Development Partnership
804-801-9579
gburkart@vedp.org
www.vedp.org

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)

  TARGETED GROWTH SECTORS

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

  TOP PROJECTS

COMPANY
LOCATION
JOBS
Wells Fargo
Roanoke
1,100
Amazon (fulfillment)
Virginia Beach
1,100
SanMar
Hanover County
1,000
Amazon (data centers)
Various
1,000
World Class Distribution
Caroline County
745

FEATURED LOCATIONS

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.

  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

  WORKFORCE DEVELOPMENT

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.

  TOP BUSINESS FACILITIES RANKINGS

#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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