Norfolk’s central location on the U.S. East Coast provides advantages: proximity to major business, financial, and governmental hubs, and availability to global markets. And, 43% of the U.S. population is less than a one-day drive
Norfolk, VA is equipped for the future of global business, offering an integrated transportation network. The region’s convenient and accessible transportation infrastructure, including the Port of Virginia, provides multiple options for moving goods between domestic and international markets.
Norfolk is also home to two international airports, two Class I rail services, and a robust interstate and highway network. The region is currently investing $11 billion in land transportation infrastructure, including over $5.8 billion in interstate system expansion and improvements.
Given Norfolk is home to the Port of Virginia, the deepest harbor on the East Coast, there is a heavy concentration of businesses involved in freight transportation arrangement, marine cargo handling, logistics consulting services, port and harbor operations, coastal and deep-sea freight transportation, supply chain management, and warehousing and storage.
The Port of Virginia handled 3.5 million TEUs in 2021 and is in the process of expanding two of its container terminals to accommodate the increased volume caused by a surge in international trade and consumer spending.
Dredging will be completed in early 2025 making Virginia home to the deepest port on the east coast to serve the world’s ultra large container vessels. In 2019, the rail yard expansion was completed along with the $320 million expansion of Virginia International Gateway VIG doubling the capacity of the existing operation.
In 2020, 60 Rail Mounted Gantry Cranes were placed, and the $375 million expansion was completed. Norfolk International Terminals (NIT) Phase II will be complete in 2030. The cranes are the largest on the East Coast.
Ohio consistently ranks as one of the top U.S. destinations for new corporate facilities, meaning prime sites are quickly snapped up. Economic development officials and private developers are working cooperatively to ensure the pipeline of immediately-developable sites stays full with diverse location opportunities.
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.
Minnesota is a place where the stars align — geography, culture and institutions – to create an unmatched economic landscape. See what leaders at Polar Semiconductor believe are the key benefits of doing business in Minnesota.
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.
Minnesota is a place where the stars align — geography, culture and institutions – to create an unmatched economic landscape. See what leaders at Polar Semiconductor believe are the key benefits of doing business in Minnesota.
