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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
2016 Population  
Hampton Roads 1,734,000
Virginia 8,459,000
United States 323,773,000

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

Percent of Population by Age Group
Age Range* Percent of Population
Under 20 24.6%
20-34 22.7%
35-54 24.6%
55+ 28.1%
Median Age**  
Hampton Roads 37.1
Virginia 38.8
United States 38.5
Gender  
Male 77.8%
Female 79.3%

Esri Business Analyst Online 2019 Forcast, Detailed Age Profile

Median Household Income
Year Amount
2019 $86,425
2024 Forecast $97,286

Esri Business Analyst Online, 2019 Forecast

Educational Attainment of Population ages 25-64
Hampton Roads Percent
At Least a High School Diploma 20.7%
At Least Some College 24%
Associate's Degree Only 10.2%
Bachelor's Degree or Higher 20%
United States  
At Least a High School Diploma 23.1%
At Least Some College 20.1%
Associate's Degree Only 8.6%
Bachelor's Degree or Higher 20%

Esri Business Analyst Online 2019 Market Profile

Labor Force
Labor Force* Amount
Civilian Labor Force 830,400
Employment 791,700
Unemployment 38,700
Unemployment Rate 4.7%
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 157,900 20.78%
Trade, Transportation, & Utilities 132,800 17.48%
Educational & Health Services 112,000 14.74%
Professional & Business Services 103,900 13.68%
Leisure & Hospitality 83,500 10.99%
Manufacturing 50,900 6.7%

U.S. Bureau of Labor Statistics, January 2017

Largest Employers in Hampton Roads
Employer
Huntington Ingalls Industries/ Newport News Shipbuilding
Sentara Healthcare
Norfolk Naval Shipyard
Riverside Health System
Naval Medical Center Portsmouth
NASA Langley Research Center
Old Dominion University
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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