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​Portsmouth

Portsmouth boasts 90 miles of shoreline, and 360 degrees of opportunity. The City’s landscape is surrounded by water and has attracted the industrial maritime industry and related trades for three centuries. The U.S. Navy’s oldest and largest industrial facility – the Norfolk Naval Shipyard – has spurred many private-sector business opportunities in ship repair. The Port of Virginia operates two terminals in Portsmouth – Portsmouth Marine Terminals (PMT) and the Virginia International Gateway (VIG). Economic development tools like the state-designated Enterprise Zone program and locally-funded incentives attract new businesses to Portsmouth, as well as encourage the growth of existing industries.

Population
Economic Area Population 
Portsmouth 96,194
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 23.2%
18-34 24.8%
35-54 24.5%
55+ 27.5%
Median Age 36.5
Gender  
Male 48.1%
Female 51.9%

Esri Business Analyst Online 2016 Detailed Age Profile

Median Household Income
Year Amount
2016 $ 45,086
2021 Forecast $ 42,897

Esri Business Analyst Online, 2016 forecast

Educational Attainment Ages 25+
​Portsmouth Percent
At Least a High School Diploma 83.80%
At Least Some College 55.3%
Bachelor's Degree or Higher 20.90%
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 2016 Market Profile

Labor Force
  Amount
Civilian Labor Force 44,103
Employed 41,487
Unemployed 2,616
Unemployment Rate 5.9%

U.S. Bureau of Labor Statistics, January 2017

Largest Employment by Industry Sector
Industry Number of Employees Percent of Workforce
Government 18,402 42.83%
Health and Social Assistance 7,056 16.42%
Retail Trade 3,102 7.22%
Accommodation and Food Services 2,222 5.17%
Construction 2,178 5.07%
Administrative Support 1,901 4.42%

Virginia Employment Commission, Q3 2016

Largest Private Employers
Employer
Bon Secours Health Systems
Virginia International Gateway (VIG)
Ceres Marine Terminals
Pines Residential Treatment
Metro Machine Corp.
Contact Information
Mr. Robert D. Moore, Director
City of Portsmouth Department of Economic Development
801 Crawford St., 5th Floor
Portsmouth, VA 23704
(P) 757.393.8804
(F) 757-393-8293
www.portsmouthva.gov/econdev
robert.moore@portsmouthva.gov
Portsmouth
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