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	94,333
Virginia	8,576,326
United States	329,399,330

Economic Modeling Specialists International (EMSI), 2019 Forecast

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	43,650
Employed	41,330
Unemployed	2,320
Unemployment Rate	5.3%

U.S. Bureau of Labor Statistics, November 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
Portsmouth Economic Development 200 High St, Suite 200 Portsmouth, VA 23704
(P) 757.393.8804 (F) 757-393-8293
www.AccessPortsmouthVA.com robert.moore@portsmouthva.gov

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