The Virginia Beach Department of Economic Development is charged with expanding and diversifying the tax base and employment opportunities for the city through business development.
The Department of Economic Development is eager to assist new business and existing industry in maximizing their economic potential.
Programs and services include:
- Site Selection
- Advocacy Services
- Market Information
- Financial Guidance
- Business Assistance
- Minority Business Council
- Workforce Development Services
For additional information on programs and services provided by this department, call us at (757) 385-6464 or email us at email@example.com.
Marketing and New Business Attraction
The Virginia Beach Department of Economic Development conducts more than 75 outreach marketing events in the United States and around the world each year. Site location assistance is provided to domestic and international companies planning new or expanded facilities. The Virginia Beach Department of Economic Development is a single point of contact for real estate information, demographic reports, incentives, and a variety of other research.
International Business Services
Global trade is increasingly important to the Virginia Beach economy, with more than 30 international companies operating significant business facilities here - thirteen from Germany alone.
Strategically located at the midpoint of the United State's East Coast and just three hours from Washington, D.C., Virginia Beach truly is an international gateway to America. Nearly two-thirds of the U.S. marketplace and manufacturing base are within 1,200 km of Virginia Beach. For more details, click here.
Specific objectives of the department include:
- Recruit national and international business to Virginia Beach
- Assist local businesses with expansion efforts
- Attract developers to identifies site opportunities
- Develop and support workforce training programs
- Help new businesses get established
- Recruit and assist minority business development
- Work with naval air station Oceana to support compatible business locations
In addition, the Virginia Beach Department of Economic Development assists the business community by providing management, technical, and other resources. Through our department and our allies, various programs are available for small and startup firms, as well as women-and minority-owned companies of any size.
Last year, the VBDED recorded the creation of more than 2,200 new jobs, a 100% increase from the previous fiscal year. The City also brought in $260 million in new capital investment.