Information Services Technology
Virginia Beach has proven to be a strategic location for the information and communication technology industry sector seeking an advantageous business climate.
The industry has a strong
telecom infrastructure, reliable power supply and higher education
facilities that provide degrees in computer sciences, communications and
other information services-related fields.
More than 30,000 civilians
in the MSA work in information and
communication technology and IT/electronics-related engineering. Local
universities offer a wide variety of degree and certificate programs to support
the area’s rapidly expanding private-sector IT core. Old Dominion
University was the first college in America to offer a PhD in Modeling and Simulation. They created
the Virginia Modeling, Analysis, and
Simulation Center to serve as a global research center of excellence for Modeling and Simulation in the areas of
gaming, emergency response, transportation, health care, and defense.
For most technology companies new to Virginia
Beach, the City has capped the annual business license fee (gross receipts tax)
at $50 for each of the first two years of operations. For other incentives, visit our incentives page.
Recent Technology Accomplishments
- Telefónica, a Spanish telecom company, has constructed a 24,000-square-foot cable landing station to support two new ultra-high speed transatlantic fiber optic telecommunication cables that have landed in Corporate Landing. The first one MAREA, owned by Microsoft, Facebook, and Telefónica, brought the first ultra-high-speed 200 terabit fiber optic cable from Bilbao, Spain to Corporate Landing. BRUSA, owned by Telefónica , brought the second cable from Rio de Janeiro, Brazil to Virginia Beach in the fourth quarter of 2018.
- Globalinx Data Center, LLC, headquartered in Virginia Beach, has agreed to purchase 10 acres of land for $2 million in the Corporate Landing Business Park from the Virginia Beach Development Authority. The company plans to develop a 138,000-square-foot international, carrier-neutral data center to provide connections for numerous fiber providers. Dunant
(Google-owned,
from France) will be the 3rd cable which is scheduled to land March
22, 2020, and
will be operational by the end of 2020.
PointOne, an international hyperscale data center developer, announced
plans to invest $80 million.
Major IT Companies in Virginia Beach
| Company | Employees |
|---|
| Christian Broadcasting Network Inc. | 720 |
| Lockheed Martin | 510 |
| SAIC | 500 |
| Liberty Tax/JTH Holdings | 400 |
Electronic Systems Inc. | 400 |
| Doma Technologies, LLC | 475 |
Key Positions - Average Annual Salaries
| Position | Virginia Beach MSA | United States |
|---|
| Computer and Information Systems Managers | $150,570 | $152,860 |
| Computer and Information Research Scientists | $108,700 | $123,850 |
| Computer Systems Analysts | $87,910 | $93,610 |
| Computer Programmers | $84,260 | $89,580 |
Source: U.S. Bureau of Labor Statistics, MSA, USA May 2018 (Latest Data) Business Spotlight
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