Welcome to the State of Virginia

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Welcome to Virginia - The Leading Gateway to Business in North America

The Commonwealth of Virginia was founded as a business venture in 1607. Centuries later, Virginia still stands for economic opportunity and has expanded the Commonwealth’s reputation as a leading state for enterprise. With low operating costs, a pro-business environment, access to international markets, and a skilled and educated workforce, Virginia is an ideal location to locate or grow a business.

In today’s global economy, Virginia competes with localities around the world on a daily basis. More than 450 international companies from over 40 countries call Virginia home, with a total of 700 manufacturing and distribution locations as well as headquarters and offices. These businesses represent more than $7.8 billion in investment over the past 10 years.

Virginia is especially attractive to international companies because it is connected to the global marketplace in a way that many other U.S. states are not. Virginia’s central location on the Atlantic Coast provides interstate and rail access to the Northeast, Southeast, and Midwest, and is within a one-day drive of 47 percent of the U.S. population. The Port of Virginia, served by every major shipping line, is the U.S. East Coast’s best-positioned first and last call port for post-Panamax ships, and Washington Dulles International Airport is another international gateway that provides non-stop flights to every continent in the world except Antarctica and Australia.

Why Invest in Virginia

Virginia’s leadership position can be attributed to a number of assets, including its strategic location, a pro-business environment, exceptional transportation and utility infrastructures, a strong education system, a robust workforce, and a research-based higher education network. Virginia boasts competitive, stable operating costs, and a low, six percent corporate income tax—one of the lowest in the nation—that hasn’t increased since 1972. These elements provide a solid foundation for growth and enable the Commonwealth to successfully compete for major projects against national and global competition.

Another major benefit that sets Virginia apart is its acclaimed higher education system. Virginia is among the most educated states in the country, with more than 577,000 students enrolled in over 100 in-state institutions of higher education. Virginia’s higher education system, the 11th-largest in the nation, includes 23 community colleges with transferrable programs across the state that partner with companies to offer customized workforce training programs. A tradition of lifelong education means that Virginia’s workforce is consistently prepared for changing technologies, delivering a pipeline of skilled applicants for companies today and for industries of the future.

Virginia is a right-to-work state, and its workforce is readily recruitable, trained, highly productive, and comes with the benefits of strong work ethic and moderate cost. With a population of more than 8.4 million and a workforce of over 4.2 million, Virginia successfully supports the state's substantial industry base. With one of the highest concentrations of technology workers in the country, Virginia has become a world-class center for emerging internet technology, software development, fiber optics, and advanced communications companies.

Virginia boasts a rich history and even richer assets. More than four centuries after its founding, the state continues to pioneer innovation, crafting contemporary programs that bolster economic development performance for the 21st century. Come to Virginia and see our diversity and business advantages for yourself.

Virginia is strategically located on the U.S. East Coast, adjacent to Washington, D.C.

  • 55% of all U.S. consumers live within 1,200 kilometres of the state capital of Richmond
  • Virginia’s Washington Dulles International Airport serves 80+ U.S. cities and 40 non-stop destinations worldwide
  • 10 railroads operate on more than 5,400 kilometres of railway in Virginia
  • 14 commercial airports serve Virginia, including two of the nation’s busiest: Washington Dulles International and Ronald Reagan Washington National

The Port of Virginia, among the United States’ busiest ports, offers world-class shipping facilities. Nearly 30 international shipping lines offer direct, dedicated service to and from Virginia with connections to 200+ countries around the world. It is the only East Coast port with authorization for 16.8-meter depth channels.

Virginia’s highway system features more than 204,000 kilometres of interstate, primary, and secondary roads.

Virginia’s strong infrastructure of highways, ports, railways, and airports provides fast, convenient access to the entire U.S. population—and beyond.

Virginia is a leading gateway to successful business in North America

More than 450 international companies from around the world call Virginia home. Among them are Rolls-Royce, Liebherr, Stihl, Swedwood (IKEA), Lidl, Nestlé, and many more.

Virginia’s exceptional infrastructure, strong education system, dynamic workforce, strategic location, and pro-business climate provide a solid foundation for growth and make the state a great place for global enterprise.

Virginia is a leading technology hub in the United States

  • Boasts the highest concentration of high-tech workers of any state according to SelectUSA
  • Is in the Top 10 with respect to the number of tech employees and business establishments
  • Is home to the world’s largest data center market

Virginia is home to leading Research & Development (R&D) entities

  • 19 federal R&D labs
  • 12 university research parks
  • 3 nationally prominent, private, non-profit research institutes

Virginia’s nationally recognized education system produces one of the nation’s brightest and most talented workforces

  • Nearly 24,000 doctoral scientists and engineers reside in Virginia—one of the highest concentrations in the U.S.
  • The University of Virginia is ranked 2nd and The College of William and Mary ranked 6th in U.S. News and World Report’s 2017 Top Public National Universities list
  • More than 584,000 students are enrolled in more than 100 in-state institutions of higher education, including 23 community colleges located on 40 campuses state-wide
  • Virginia’s public colleges and universities awarded over 51,000 bachelor, master, doctorate, and law degrees, and the community colleges awarded more than 18,000 degrees, diplomas, and certificates in the 2016-17 academic year
  • Virginia Tech’s engineering program is ranked 14th in the nation in the 2017 U.S. News and World Report’s “Best Engineering Institutions” list
  • Virginia ranks ninth nationally in the number of schools with International Baccalaureate programs
  • WalletHub ranks Virginia’s public-school systems 6th out of the 50 states and the District of Columbia
  • Virginia’s high-tech workforce is among the best-trained in the U.S. through its excellent research parks and acclaimed universities

More than 6,200 manufacturing companies operate in Virginia, employing more than 242,000 workers

  • Lower operating costs, a skilled labor force, and excellent transportation assets make Virginia cost-competitive
  • Manufacturing firms have announced over $5.7 billion in investment in Virginia from 2013-2017
  • Over 24,700 new manufacturing jobs were announced during that same time period
  • Electric rates are among the lowest in the U.S. in Virginia. In the summer of 2017, the average cost per unit of electricity for the industrial sector was 6.26 cents, compared to 6.88 cents for the U.S.

Virginia consistently has one of the United States’ lowest workers compensation costs

  • The average cost is more than 41% lower than the U.S. average (2015) at $0.77 per $100 of payroll
  • Unemployment insurance tax burden is 52% lower than the U.S. national average
  • The prime working population (ages 16-64) ranks 12th in the nation (over 5.5 million)
  • The community college system provides occupational and technical training programs to meet businesses’ needs
  • Virginia offers customized recruiting and training services

What We Can Do To Help You

Services Provided by the Virginia Economic Development Partnership are FREE:

  • Professional and confidential site selection assistance
  • Tailored research of suitable land and buildings in addition to labor availability
  • Assistance with private-sector business partners to ensure your requirements are met
  • Coordination with other government agencies in matters such as permitting or workforce training programs
  • Guidance on incentive packages for international investors
  • International marketing outreach as a company operating in Virginia

To learn more about how Virginia can help you be successful in North America, please contact the Virginia Economic Development Partnership here:

Antje Abshoff
Managing Director of Europe
State of Virginia, European Office
Pacellistr. 6-8
80333 Munich, Germany

Mobile: +49 172 423 7646
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
www: www.vedp.org

State Governor: Governor Ralph Northam

Contact Info Virginia

Contact Name:
Antje Abshoff, Managing Director of Europe

Address:
State of Virginia, European Office
Pacellistr. 6-8
80333 Munich, Germany
Mobile: +49 172 423 7646
Email: aabshoff@vedp.org
www: www.vedp.org 

State Demographics Virginia

Region: Atlantic
Population: 8.47 m (2017) -> 8.41 m
Gross State Product: 494 billion (2016)
Exports: 16.52 b (2017)
Labor Force: 4.31 m (2017)
Unemployment Rate: 3.6 % (10/2017)
Per capita real GDP: $ 52,957 (2016)
Capital City: Richmond
Principal Cities: Arlington, Alexandria, Chesapeake, Hampton, Norfolk, Virginia Beach

Virginia Events Calendar

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C.A.S.E. Call Centre

Ursula Becker

+32 488 331 972

This email address is being protected from spambots. You need JavaScript enabled to view it.

Mon - Fri: 9:00 - 17:00