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2019 Economic Activity Report


SHARE THE LOVE KEEPING UP WITH THE FAST PACE OF GROWTH In 2019 over $300 million in capital investment for new or expanded projects was announced. With the convenient availability of transportation networks, close proximity to the Port of Virginia, easy access to rail, business-friendly climate, access to talented labor and high quality of life, Suffolk boasts a plethora of opportunity. One of our most exciting announcements of the year is the welcoming of e-commerce giant, Amazon! The world’s largest e-commerce company is building their newest robotics fulfillment center in Suffolk. The massive building, at 3.8 million square feet and over 90 feet tall, will serve as an important distribution center in Amazon’s much touted supply-chain network. They plan to employ 1,000 workers and invest over $200 million in the project.

FLOURISHING DOWNTOWN DISTRICT With the completion of Suffolk’s first Downtown Suffolk “Community Business Launch,” five businesses received financial support. The small businesses worked with the Suffolk Economic Development Authority (EDA) and the VA Department of Housing and Community Development for the Virginia program. Each business received grants that supplemented their business operations.

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2019 ECONOMIC ACTIVITY REPORT


NEW BUSINESS INFLUX AND EXPANSION Northgate Commerce Park is also now the home for Bridgeman Civil, who expanded their operations and constructed two buildings to house their civil engineering headquarters. The $4 million investment created 50 jobs and developed more than 29,000 square feet in additional space. Nearby, Hampton Roads Moving & Storage invested over $1 million to increase their distribution footprint.

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The Lake View Medical Center, announced by Bayview Physicians Group and Sports Medicine and Orthopedic Center, began construction in 2019. The 42,000 square foot health center is a three-story Class A medical building. Harbour Breeze Medical Center, developed by BECO Asset Management, is a new $6 million, 25,000 square foot two-story medical center. Sentara Obici Hospital invested $13 million in the complete renovation of their Emergency department. Bon Secours Hospital received state approval to create overnight beds and expand the hospital facility at their Suffolk medical campus and has invested altogether $77 million in expanding their medical suite of services and growing their acute care beds. Medical development remains a crucial target development sector in Suffolk. In 2019 alone, medical companies invested over $62 million into the healthcare industry in Suffolk.

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2019 ECONOMIC ACTIVITY REPORT


ON THE HORIZON Suffolk has a rich history with the food and beverage processing market. In 2019 a Spanish olive oil company named Acesur selected Suffolk for their first U.S. operations location. They purchased an 88,000 square foot facility in Suffolk Industrial Park, creating 29 jobs and bringing over $11 million in investment. The olive oil bottling facility is expected to be operational by early 2021. In total, the food and beverage industry received close to $13 million in capital investment in 2019. The Point at Harbour View, a Suffolk EDA-owned endeavor, continues to be the focus of early development, with the establishment of a developer of choice and initial site plan approval. The 55-acre mixed-use development located in Harbour View, a major development area of the city, has broken ground on the infrastructure.

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SUFFOLK LOVES SMALL BUSINESS Small businesses, fueled by passionate entrepreneurs, are loved by the Suffolk community. The diversity of large and small businesses play an important role in keeping the Suffolk economy strong.

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SUFFOLK IS POISED TO COMPETE With over 2,500 jobs created and 4,517,000 square feet impacted in 2019, it is clear that Suffolk is a strong contender when competing for new projects. The health and well-being of the citizens and business community are poised to remain robust, with a keen eye on thoughtful growth.

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2019 ECONOMIC ACTIVITY REPORT


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CALENDAR YEAR 2019

2,530 JOBS

4,517,685 SQUARE FEET

$318,637,300

CAPITAL INVESTMENT 2019 ECONOMIC ACTIVITY REPORT

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2019 NEW AND EXPANDING BUSINESSES SIMPLY VINTAGE

SIMPLY VINTAGE

BRIDGEPORT

KICKBACK

JACK’S

LA PARILLA

PANERA BREAD

AMAZON

HEALTH CARE SUGAR

SUGAR MAMA’S

BAKE SHOPPE

FIN & TONIC

PANERA BREAD

AMAZON HARBOR

LA PARILLA SIMPLY VINTAGE

MAMA’S SHOPPE

LA PARILLA

BRIDGEPORT

VELOCITY

PINK BOX SWEETS

SIMPLY VINTAGE BRIDGEMAN CIVIL

BRIDGEMAN

CIVIL

SIMPLY

VINTAGE PINK BOX SWEETS

FIN & TONIC

SUGAR MAMA’S

PLACE

ENHANCED ENERGY & NUTRITION

BAKE SHOPPE

HARBOR VIEW

BRIDGEMAN CIVIL

BRIDGEPORT

VIEW PLACE KICKBACK JACK’S

METROPOLITAN FUNERAL SERVICE

SIMPLY

VINTAGE FIN & TONIC

METROPOLITAN FUNERAL SERVICE

SNKR TUB

AMAZON

VELOCITY HEALTH CARE

AMERICA’S BEST WINGS PANERA

BREAD

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2019 ECONOMIC ACTIVITY REPORT


CITY OF SUFFOLK Economic Development PO Box 1858 Suffolk, Virginia 23439 757-514-4040 YesSuffolk.com LINKEDIN Facebook-Square twitter instagram

Profile for City of Suffolk, Virginia

City of Suffolk 2019 Economic Activity Report  

City of Suffolk 2019 Economic Activity Report