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Chesapeake

Chesapeake adds dozens of companies to the list of places they call home each year. Their successes are bringing national attention to the City, and Chesapeake is quickly becoming a household name. Chesapeake is consistently ranked as one of the best places to live and one of the best run cities in America. In addition to a highly educated workforce comprising Chesapeake’s five unique business districts, Chesapeake is also the transportation hub of the region which presents diverse opportunities for all industries of business. With a growing entrepreneurial base and an excellent quality of life, it is easy to see why Chesapeake is a great place to do business.

Population
Economic Area Population
Chesapeake 235,664
Virginia 8,410,175
United States 319,857,056

Economic Modeling Specialists International (EMSI), 2015

Percent of Population by Age Group
Age Range Percent of Population
Under 18 24.00%
18-34 22.80%
35-54 28.10%
55+ 25.50%
Median Age 37
Gender  
Male 49%
Female 51%

Esri Business Analyst Online 2015 Detailed Age Profile

Median Household Income
Year Amount
2015 $ 64,955
2020 Forecast $ 74,063

Esri Business Analyst Online, 2015 forecast

Educational Attainment Ages 25+
Chesapeake Percent
At Least a High School Diploma 91.30%
At Least Some College 66.10%
Bachelor's Degree or Higher 30.60%
United States  
At Least a High School Diploma 87.80%
At Least Some College 61.10%
Bachelor's Degree or Higher 30.50%

Esri Business Analyst Online 2015 Market Profile

Labor Force
  Amount
Civilian Labor Force 114,576
Employed 109,751
Unemployed 4,825
Unemployment Rate 4.2%

U.S. Bureau of Labor Statistics, April 2016

Largest Employment by Industry Sector
Industry Number of Employees Percent of Workforce
Government 15,888 14.27%
Retail Trade 15,473 13.89%
Accomodation and Food Services 9,011 8.09%
Administrative Support 8,398 7.54%
Professional, Scientific, & Technical Services 8,072 7.25%
Construction  7,808 7.01%

Virginia Employment Commission, 2015

Largest Private Employers
Employer
Chesapeake Regional Healthcare
Cox Communications
Sentara Home Care Services
Dollar Tree, Inc.
Xerox
Contact Information
Mr. Steven Wright, Director
City of Chesapeake Economic Development Department
676 Independence Parkway, Suite 200
Chesapeake, Virginia 23320
(P) 757-382-8040
(F) 757-382-8050
www.chesapeakeva.biz
scwright@chesapeakeva.biz
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