Virginia Beach is a highly desirable location for the highly skilled, highly paid, high-tech workforce.
Virginia is an employer-friendly state with a "Right to Work" labor structure.
Virginia Beach is among the 40 largest cities in the U.S., with a population of 460,000 and a regional population of 1.7 million.
While a low cost of doing business may be attractive, it is the highly skilled workforce, enhanced by thousands of military personnel and college or university graduates who enter the workforce on an annual basis, and multiple internationally renowned research and development centers that truly make Virginia Beach the best place to do business.
Young professionals are a key part of the community in Virginia Beach, not just because of the large military presence here, but also due to the excellent higher education system that exists.
Over fifty percent of the City of Virginia Beach annual budget funds public education with the Virginia Beach City Public Schools, the key to establishing a continuous supply of a highly skilled emerging workforce. Based on the Department of Defense statistics, approximately 12,000 members of the military are available to enter the local workforce each year, along with more than 18,000 graduating college students and 58,000 graduating high school students.
Virginia Beach's Workforce
Civilian Workforce Statistics
| ||Virginia Beach*||MSA**|
Source: *U.S. Bureau of Labor Statistics (2016 average), **U.S. Bureau of Labor Statistics , Other MSAs , June 2017
Virginia LMI Unemployment
|Exiting active-duty military personnel ||12,000 annually|
|Military spouses ||30,000|
|New high school graduates||5,000 annually|
|College graduates||18,000 annually|
Source: 2016 Virginia Beach Department of Economic Development
Virginia Beach City Employment by Sector
|Retail trade (NAICS: 44-45)||25,825||14.6%|
|Accommodation and food services||24,105||13.6%|
|Health care and social assistance||23,855||13.5%|
|Finance, insurance, information and real estate|
|Professional, scientific and technical services||13,296||7.5%|
|Wholesale trade, transportation and warehousing||6,629||3.7%|
Manufacturing (NAICS: 31-33)
|Arts, entertainment and recreation||4,208||2.3%|