INDUSTRY SNAPSHOT

The business community in Virginia Beach is composed of a highly diverse collection of industries, including national and international corporate headquarters, high-powered and technologically-advanced manufacturers, billiondollar defense contractors, and locally-owned small businesses. Every company, big or small, makes a unique contribution to the City’s dynamic, growing economy.

In addition to tourism, industry sectors that are pivotal to the growth of the local economy include these key business clusters:

Advanced Manufacturing: Virginia Beach is one of America’s “Manufacturing Boomtowns.”

Bio & Life Sciences: A vibrant hub for both established and emergent companies in this sector.

Defense:

Seven of the world’s top-10 defense-related firms have a major presence in Virginia Beach.

Information Technology/Cybersecurity:

Virginia Beach has proven to be a strategic location for 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.

Offshore Wind:

The City has significant potential for the development of offshore wind resources off its coast.

Office/Retail:

Virginia Beach offers a wide range of office and retail space options.

Entrepreneurship: Virginia Beach is where startups get a head start.

DID YOU KNOW?

Virginia Beach is the largest city in Virginia, and many people are surprised to learn that the resort city is also home to 23,000 acres of farmland that generate more than $170 million in economic impact annually.

$9.8B

$8B

$300M