​​​​​​Existing Business Support

The success of the city’s business retention and expansion programs and services is extremely important to the overall economic development efforts of the VBDED.

The business community in Virginia Beach is comprised of a highly diverse collection of industries, including nationally and internationally known corporate headquarters, defense contractors, high-performance manufacturers, and locally owned establishments. Every business, from large corporations employing hundreds of people to startups and small businesses that employ only a few, makes a unique contribution to our dynamic and growing economy.


T​​he purpose of the retention, expansion and assistance program is to promote, retain and expedite the profitable growth of targeted existing businesses.

Seventy percent of the total business growth in Virginia Beach comes directly from existing businesses.
12 of the 20 fastest growing firms in the MSA are based in Virginia Beach
5 of the 50 fastest growing firms in the State are based in Virginia Beach​

The Virginia Beach Department of Economic Development exists to assist our business community in maximizing their economic potential. Here are some ways the VBDED can assist with your expansion needs:

Programs and services include:

  • Site selection assistance
  • Advocacy services
  • Market information​
  • Financial guidance
  • Business assistance
  • ​Workforce development services
  • Ribbon cutting assistance (if appropriate)​
  • Business workshops and other networking opportunities
  • Fast-Track Project Review​

Existing businesses of any size may find these links helpful:

Need more information on Virginia Beach or locating, expanding, or starting your business here? If so, our experienced Business Development team​ is ready to provide one-on-one assistance to meet your business needs. ​