DOING BUSINESS IN VIRGINIA

Virginia Economic Development Partnership
804-545-5802
abegnaud@vedp.org
www.vedp.org

 

Doing business in Virginia “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
DOING BUSINESS IN VIRGINIA
View of Richmond, Virginia’s capital city along the James River. (Photo: Chris Clarke)

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
From the July / August 2024 issue of Business Facilities

The Virginia Talent Accelerator Program

The Virginia Talent Accelerator Program accelerates new facility startups through the direct delivery of customized recruitment and training services. The program was named the No. 1 Customized Workforce Training Program in the U.S. by Business Facilities in 2023 and 2024.

Latest News

Virginia Is Business Facilities’ 2024 State Of The Year

Virginia
Also with notable programs and successes, Arizona, Florida, Georgia, Indiana, Michigan, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, and Utah are 2024 Top Contenders.

Virginia’s i81-i77 Crossroads | Talent Retention & Manufacturing

Agricultural Heritage Meets Strong Manufacturing Base With a rich history in agriculture, the region is now made up of a strong manufacturing base, including everything from snack foods and Gatorade, to leading human resources software and revolutionary plug-less power systems for electric vehicles. Mount Rogers Regional Partnership's strategic East Coast location is the driving force.
Learn about manufacturing jobs and facilities in the Mount Rogers region of southwest Virginia. There is ample opportunity for education and jobs in a region rich with culture and heritage.

Micron Technology To Invest $3B For Virginia Expansion, Announces $3M Workforce Funding in New York

Micron Technology
The global semiconductor maker will add 340 jobs at its Manassas, VA site. In New York, the company is funding workforce development.
Share to...