Business Environment

​Virginia is an employer-friendly state with a ​"Right to Work" labor structure.​ Virginia Beach's economy is strong and diversified.

Named by WalletHub the 2021 "10th Best-Run City in America" and 2021 "3rd Hardest Working City in America", Virginia Beach has a business environment perfectly aligned to meet your company's needs. The cost of doing business here is well below the national average, thanks in large part to low City and state tax rates, competitive wages, and transportation infrastructure that provides businesses access to more than two-thirds of the U.S. population within a two-day drive.

  • 49% of the Virginia Beach businesses have been in existence for more than ten years
  • 50% of the regional 10 largest employers have establishments in Virginia Beach
  • 50% of the State's 10 largest employers are located in Virginia Beach

Source: 2018 Census Data

There are plenty of reasons to relocate or expand your business in Virginia Beach – not the least of which is the support available from the Virginia Beach Department of Economic Development, and our local, regional​, and state partners.​ Learn what makes Virginia Beach the best city in the USA to relocate or expand your business.

Virginia Beach has NO machinery and tools tax.
In ​2019, Forbes.com and Forbes Magazine placed Virginia as the 4th Best State for Business.
Virginia came in at number one for the fourth time in the 13-year history of CNBC’s 2019 ranking of America’s Top States for Business.