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11 Diverse Localities, 1 Premier Location for Business

There are many reasons to choose Hampton Roads: our skilled and educated workforce, attractive labor laws, or our enviably low cost of doing business. These features along with our below national average corporate income tax rate, workers’ compensation rates and union membership provide a wealth of benefits for businesses.

Still, Hampton Roads is more than just a great place to work. It's a vibrant, one-of-a-kind community. The Alliance is proud to represent nine cities and two counties in Hampton Roads, each with their own unique assets. Whether it's world-renowned port facilities, bustling international presence, state-of-the-art medical and research facilities or miles of rural land available for development, our diverse cities have something for everyone.

Together, our localities offer an experience unlike any other and are committed to your continued success.

Population
2015 Population  
Hampton Roads 1,734,000
Virginia 8,450,000
United States 323,772,000

Economic Modeling Specialists International (EMSI), 2017.1 Class of Worker

Percent of Population by Age Group
Age Range* Percent of Population
Under 18 23.00%
18-34 27.20%
35-54 26.50%
55+ 27.20%
Median Age**  
Hampton Roads 36.3
Virginia 37.8
United States 37.8
Gender  
Male 49%
Female 51%

Esri Business Analyst Online 2016 Detailed Age Profile

Median Household Income
Year Amount
2016 $58,564
2021 Forecast $59,749

Esri Business Analyst Online, 2016 Forecast

Educational Attainment of Population ages 25-64
Hampton Roads Percent
At Least a High School Diploma 91.00%
At Least Some College 65.80%
Associate's Degree Only 9.20%
Bachelor's Degree or Higher 30.00%
United States  
At Least a High School Diploma 87.80%
At Least Some College 61.10%
Associate's Degree Only 8.60%
Bachelor's Degree or Higher 31.00%

Esri Business Analyst Online 2016 Market Profile

Labor Force
Labor Force* Amount
Civilian Labor Force 825,500
Employment 788,000
Unemployment 37,500
Unemployment Rate 4.5%
Labor Force Participation Rate**  
Hampton Roads 66.80%

*U.S. Bureau of Labor Statistics, November2016 
**Hampton Roads Planning District Commission, 2016

Largest Employment by Industry Sector
Industry Number of Employees Percent of Workforce
Government 158,900 20.16%
Trade, Transportation, & Utilities 134,600 17.08%
Professional & Business Services 104,200 13.22%
Educational & Health Services 113,000 14.34%
Leisure & Hospitality 85,600 10.86%
Manufacturing 50,800 6.44%

U.S. Bureau of Labor Statistics, June 2016

Largest Employers in Hampton Roads
Employer
Chesapeake Regional Healthcare
Dominion Virginia Power
Huntington Ingalls Industries/ Newport News Shipbuilding
Riverside Health System
Sentara Healthcare
Smithfield Foods, Inc.
U.S. Department of Defense
Contact Information 
Hampton Roads Economic Development Alliance
500 Main Street, Suite 1300
Norfolk, VA 23510
(P) 757.627.2315
(F) 757.623.3081
info@hreda.com
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