A prosperous and sustainable economy is synonymous with a healthy community.
The City's business community is renowned for its highly diverse collection of industries, including nationally and internationally known corporate headquarters, technologically advanced manufacturers, billion-dollar defense contractors, and locally owned shops.
While building businesses organically is an important part of the Department’s economic strategy, our team also focuses on attracting new businesses and capital investment and creating new economic opportunities for our community.
In order to increase the department's effectiveness in terms of marketing, business attraction, and existing industry programs, resources are focused on several key business clusters:
Seven of the world’s top-10 defense-related firms have a major presence in the Virginia Beach.
Virginia Beach has proven to be a strategic location for the information and communication technology.
Maritime & Logistics
Surrounding the world’s largest natural deep water harbor, the Virginia Beach MSA is a maritime and logistics hub.
This region has significant potential for the development of offshore wind resources off its coast.
Virginia Beach is home to one of the largest concentrations of scientists and engineers in the nation.
Key Industries Highlights
Source: City of Virginia Beach, 2022