Business districts/parks - each with a distinct character and industry base.
Virginia Beach has a long history of successfully developing and marketing shovel-ready industrial site inventory. From the 1960s to the present day, this commitment brought jobs and capital investment to the City through the location of companies like STIHL, Architectural Graphics, IMS Gear, Prufrex, Haulotte, and Sanjo. As evidence of the continuing strength of industrial activity in the community, all of Innovation Park's Phase I was obligated within 100 days.
The business districts stretch slightly outside of the City's designated strategic growth areas, which means the City plans to spur growth in the area by investing in forward-thinking infrastructure and developing a distinct identity to foster continued growth and attract businesses to these districts. Some districts are heavily populated, making them ideal for corporate and retail clusters. Others are located where major transportation corridors converge, providing an ideal location for industrial development.
In addition, Virginia Beach has eight opportunity zones that are uniquely positioned and ready for investment and growth.