ADVANCED MANUFACTURING IN HAMPTON ROADS, VA
Located in southeastern Virginia, Hampton Roads is a diverse region offering a variety of lifestyles and assets for individuals, businesses and organizations of every variety. Residents can choose from an urban setting, a suburban neighborhood or a rural environment while enjoying an average commute of less than 25 minutes. Home to the deepest natural harbor and the fastestgrowing port on the East Coast, Hampton Roads offers convenient access to the world’s markets via its integrated transportation network connecting the seaport to interstate highways and rail services. Located midway between Maine and Florida, the region’s central location provides access to 47% of the U.S. population — more than 130 million consumers — within a day’s drive.
HAMPTON ROADS, VA
INDUSTRY LEADERS
Hampton Roads Alliance
Virginia Beach-Norfolk-Newport News Metropolitan Statistical Area
www.HamptonRoadsAlliance.com
April 2022
WAGES & OCCUPATIONS
OPERATING COSTS With a corporate income tax rate of only 6% that has not increased since 1972, streamlined permitting processes, a right-to-work law and minimal union activity, Virginia hosts a stable, inviting operating environment. INDUSTRIAL SPACE
$16.61
$8.66
$10.11
HAMPTON ROADS, VA
NATIONAL AVERAGE
HAMPTON ROADS, VA
NATIONAL AVERAGE
SOUTHEAST AVERAGE
$24.81 Welders, Cutters, Solderers, and Brazers
6.24¢
$14.44 Miscellaneous Assemblers and Fabricators
6.87¢
NATIONAL AVERAGE VIRGINIA AVERAGE
U.S. AVERAGE
MEAN HOURLY WAGES FOR TOP MANUFACTURING OCCUPATIONS
Total Industrial Market (price per SF)
AVERAGE ELECTRIC COSTS HAMPTON ROADS, VA
$52,170 $56,310 HAMPTON ROADS, VA
$11.89
Flex Facilities (price per SF)
Hampton Road offers competitive wages. The region’s mean annual wage rate across all occupations is nearly 8% below the U.S. average.
$25.93
7.16¢ 8.10¢
Machinists
Average Industrial Rate, In Cents per Kilowatt Hour
$32.06 FOREIGN TRADE ZONE Hampton Roads is located within FTZ- 20, a Foreign Trade Zone, allowing manufacturers to save significantly on duties payments and store goods for an unlimited period of time.
First-Line Supervisors of Production and Operating Workers
$42.08 Marine Engineers and Naval Architects SOURCE: BLS MAY 2020
TRANSPORTATION AND CONNECTIVITY An integrated network of interstates and highways connect Hampton Roads to major U.S. markets. Over $12.5 billion will be spent by 2027 to improve the region’s infrastructure. I-64 provides a loop around Hampton Roads before heading west to Richmond. Routes 58 & 460 serve as direct connectors to north-south Interstates I-85/I-95. Route 13 reduces a trip to the Northeast by 90 miles by providing a short-cut through Virginia’s Eastern Shore.
Hampton Roads is home to The Port of Virginia — and four of its six terminals — with 50-foot channels and no overhead restrictions. The port is connected to 200+ countries through 30 shipping lines. The region is served by CSX & Norfolk Southern and is augmented by short line rail partners. On-dock rail is offered at two of the Port of Virginia’s terminals.
TALENT & HIGHER ED. Programs at Virginia’s colleges & universities focus on training and research for advanced manufacturers. In Hampton Roads, Operation Next offers the thousands of men and women exiting the military the chance to receive a certificate in advanced Manufacturing. This self-paced training initiative helps veterans and their spouses earn credentials for indemand skills, including welding or CNC machining, at minimal or no cost. The program is a collaboration between Old Dominion University’s Maritime Industrial Base Ecosystem (MIBE), the Hampton Roads Workforce Council and the Community College Workforce Cooperative. VIRGINIA TALENT ACCELERATOR
The Virginia Talent Accelerator Program provides world-class training and recruitment solutions that are customized to a company’s unique operations, equipment, standards and culture. All services are provided at no cost to qualified new and expanding companies as an incentive for job creation.
Hampton Roads is home to 12 colleges & universities, 21 trade & technical schools, 138,000+ students and 1,800+ annual graduates in production-related programs.
Manufacturing jobs in Hampton Roads have
risen by 9.7% since 2017 compared to -2.3% contraction nationally.
WORKFORCE 21,000+ military personnel exit the services annually in the state of Virginia. 15,000+ military personnel exit the services annually in the Hampton Roads region.
71%
of Virginia’s exiting military are located in Hampton Roads.
WORKFORCE AVAILABILITY Hampton Roads boasts key industry occupations with regional LQs more than twice as concentrated as the national average including:
4.44 2.91
Commercial & Industrial Designers Sheet Metal Workers
INDUSTRY SPOTLIGHT In 1976, Bauer Kompressoren crossed the Atlantic from Munich, Germany and founded Bauer Compressors in Norfolk, Virginia, marking the start of Bauer’s expansion into North America. Bauer manufacturers high-pressure compressors which fill breathing air cylinders used by first responders, military and divers, in addition to a broad range of high-pressure compressor system solutions for a diverse group of industries. Bauer selected the Hampton Roads region to better reach its U.S. markets initially and is now serving international clients taking advantage of the Port of Virginia.
INCENTIVES
NEXT GEN MANUFACTURING
The Commonwealth of Virginia and the 14 localities of Hampton Roads have a variety of incentives for businesses that open an operation. Incentives may include grants for job creation, capital investment, or to offset training costs, or in the form of tax relief of items including machinery & tools. Specific information is available upon request.
Hampton Roads is seeing an exponential rise in manufacturing in next generation industries, including unmanned systems and offshore wind. Huntington Ingalls Industries recently opened an Unmanned Systems Center of Excellence where they will produce large undersea vessels for the Navy. In addition, major companies including Siemens Gamesa and Orsted are gearing up to support the offshore wind industry, while existing maritime manufacturers are diversifying their product line to support the Coastal Virginia Offshore Wind project.
KEY SITES SHIRLEY T. HOLLAND INTERMODAL PARK VIRGINIA PORT LOGISTICS PARK
64
CAMP PARKWAY COMMERCE CENTER
13
HAMPTON ROADS CENTER NORTH
17 James City County
OAKLAND INDUSTRIAL PARK JAMES RIVER COMMERCE CENTER
Williamsburg
YORK RIVER COMMERCE PARK
York County 64
85
OCEANA SOUTH INDUSTRIAL PARK
Newport News
THREE OAKS @ GREENBRIER COMMERCE PARK
Poquoson
13 Hampton 64
Isle of Wight
664
460
95
Norfolk Portsmouth
264
464
Virginia Beach
64
58
Southampton
Chesapeake
58
Franklin
Suffolk
168 17
The Hampton Roads Alliance is dedicated to assisting you with your business investment or expansion needs across our 14 localities. The decision to invest in a new or expanded operation is never taken lightly. Our goal is to match the business needs required for your company to be successful with the assets found in Hampton Roads, Virginia. Our objective is to facilitate the evaluation process and provide powerful tools that save you time and money as you seek to locate your new business operations in Hampton Roads. Connect with us today.
HAMPTON ROADS
Growing the 757. Growing Virginia.
E
101 W. Main St., Suite 1000 • Norfolk, VA 23510 757-627-2315 • info@757alliance.com www.HamptonRoadsAlliance.com