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Franklin

Franklin is a developing city where you will experience exceptional transportation corridors to the Port of Virginia, a Regional Workforce Development Center, ample real estate zoned for commercial use, a passion for start up business growth and convenient access to the greater Hampton Roads' quality of life. Here, you can enjoy a community where small town amenities abound, including a community college, hospital, country club and business incubator as well as many public parks, museums and beautiful scenic rivers.

Population
Economic Area Population 
Franklin 8,483
Virginia 8,459,161
United States 323,772,974

Economic Modeling Specialists International (EMSI), 2016

Percent of Population by Age Group
Age Range Percent of Population
Under 18 24.1%
18-34 19.3%
35-54 22.3%
55+ 34.3%
Median Age 41.4
Gender  
Male 45%
Female 55%

Esri Business Analyst Online 2016 Detailed Age Profile

Median Household Income
Year Amount
2016 $ 32,242
2021 Forecast $ 34,497

Esri Business Analyst Online, 2016 Forecast

Educational Attainment Ages 25+
Franklin Percent
At Least a High School Diploma 79.60%
At Least Some College

53.90%

Bachelor's Degree or Higher 21.30%
United States  
At Least a High School Diploma 87.18%
At Least Some College 59.60%
Bachelor's Degree or Higher 30.45%

Esri Business Analyst Online 2015 Market Profile

Labor Force
  Amount
Civilian Labor Force 3,513
Employed 3,305
Unemployed 208
Unemployment Rate 5.8%

U.S. Bureau of Labor Statistics, January 2017

Largest Employment by Industry Sector
Industry Number of Employees Percent of Workforce
Healthcare and Social Assistance 1,056 23.67%
Retail Trade 989 22.16%
Government 871 19.52%
Accommodation and Food Services 435 9.75%
Other Services (except Public Admin.) 209 4.68%
Finance and Insurance 163 3.59%

Virginia Employment Commission, Q2 2016

Largest Private Employers
Employer
Southampton Memorial Hospital
Wal-Mart Stores
Paul D. Camp Community Colllege
Village at Woods Edge
Care Advantage
Contact Information
Ms. Amanda Jarratt, President & CEO
Franklin Southampton Economic Development, Inc.
601 North Mechanic Street
Franklin, Virginia 23851
(P) 757-516-7709
(F) 757-562-0486
www.fsediva.com
ajarratt@franklinsouthamptonva.com
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