Regional Overview

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HAMPTON ROADS, VIRGINIA DOING BUSINESS IN

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

TALENT & WORKFORCE

Hampton Roads is home to a workforce of over 895,200 replenished annually by over 15,000+ highly trained and disciplined personnel who exit the military in the region.

71% of Virginia’s exiting military are located in Hampton Roads.

12

Colleges & Universities

Trade & Technical Institutions 21 Students

128,000+

Annual Degrees 25,000+ 92%

Population with a High School Diploma or Higher

TRANSPORTATION & CONNECTIVITY

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.

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 around the world through 30 shipping lines.

34% of working-age adults have a Bachelor’s degree or higher

Two airports, Norfolk International and Newport News/Williamsburg International Airport, serve Hampton Roads and are located within 30 minutes of most business and residential areas. Combined, they serve an average of 3.8+ million passengers annually and offer more than 160 flights daily.

Direct flights available to the following major cities:

Atlanta, GA

Baltimore, MD

Boston, MA

Charlotte, NC

Charleston, SC

Chicago, IL

Cincinnati, OH

Columbus, OH

Dallas, TX

Denver, CO

Detroit, MI

Ft. Lauderdale, FL

Ft. Myers, FL

Hartford, CT

Houston, TX

Jacksonville, FL

Las Vegas, NV

Long Island, NY

Los Angeles, CA

Miami, FL

Minneapolis, MN

Nashville, TN

New Orleans, LA

New York, NY

Newark, NJ

Orlando, FL

Palm Beach, FL Philadelphia, PA Pittsburgh, PA

Portland, ME

Providence, RI

San Diego, CA

St. Louis, MO

Syracuse, NY

Tampa, FL

Washington, D.C.

REGIONAL PROFILE

MAJOR EMPLOYERS INCLUDE:

TARGET INDUSTRIES

THE PORT OF VIRGINIA

The Port of Virginia is a significant economic force supporting jobs and commerce across Hampton Roads, Virginia and the Mid-Atlantic.

in infrastructure expansions through 2024 $1.4B

TEU throughput in FY2022 3.7M

in 10

jobs in Virginia are tied to port-realted activities.

6 terminals in Virginia

10% year-over-year TEU growth

50-foot shipping channels, with congressional authorization for 55-feet

2.5 hours to open sea

Zero air-draft restrictions

32% of cargo arrives/departs by rail, the most of any U.S. East Coast port

36,800 linear feet, almost 30 miles of on-dock rail track

140+ direct weekly routes

WAGES & COST SAVINGS

Hampton Road offers competitive wages. The

mean annual wage rate across all

below the

QUALITY OF LIFE

Hampton Roads enjoys a mild temperate coastal climate enhanced by outstanding residential and recreational options including: expansive shoreline and beaches, amusement and theme parks, museums, performing arts, festivals, sports and recreation facilities, regional shopping malls and outlet centers, colonial cities and towns, state and national parks, and much more. Home of Colonial Williamsburg and the Jamestown Settlement, Hampton Roads has been making history since 1607. COST OF LIVING Source: BLS, 2021

The Hampton Roads Alliance is dedicated to assisting you with your business investment or expansion needs across our 15 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.

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Regional Overview by Hampton Roads Alliance - Issuu