Virginia Beach is gaining quite a reputation as a great city for business. In addition to the incredible lifestyle expected from one of America's favorite vacation destinations, Virginia Beach also boasts a skilled, educated workforce, strategic location, low tax rates, and a dynamic, diverse economy; STIHL Inc. and Lifenet located their U.S. headquarters in Virginia Beach. The City of Virginia Beach is one step closer to having a privately funded entertainment and sports arena built on City-owned land near the Virginia Beach Convention Center. "This is one of the most exciting projects that Virginia Beach will see. It has the potential to transform the critical corridor between the convention center and our boardwalk and move us closer to becoming a year-round destination," said Mayor Will Sessoms.
Virginia Beach’s proximity to the world’s largest naval base and Pentagon – makes it an excellent candidate for companies associated with the Department of Defense or Homeland Security contract firms.
Low tax rates and water-oriented lifestyle are also attractive to employees of engineering and management firms, business or professional service companies, corporate regional offices, information management centers, computer and data-processing services – or just about any company that wants to attract people who enjoy living as much as they enjoy working.
Virginia Beach has a variety of office, industrial, and commercial property encompassing almost 35 million square feet of total enclosed space. Affordable office park space and existing buildings are available to house sub-sets of those industries. A diversified economy based on a blend of professional office manufacturers and advanced technologies helps keep Virginia Beach a recognized international business location.
The Virginia Beach MSA is home to more than 75 federal facilities and defense installations. More than 100,000 active-duty military personnel from all branches of the U.S. Armed Forces, including the world’s largest naval base and the home of the Atlantic Fleet. The bases located in Virginia Beach are Naval Air Station (NAS) Oceana, Naval Surface Warfare Center Dam Neck, Joint Expeditionary Base - Little Creek/Fort Story. These bases employ more than 40,000 military and civilian employees with a combined annual payroll of more than $2.3 billion.
Norfolk International Airport (ORF) is southeastern Virginia’s primary airport serving the Greater Hampton Roads area and Northeast North Carolina. Offering over 130 arrivals and departures daily to major cities throughout the U.S., it presently ranks as the country’s 67th largest airport in terms of passengers served annually, with nearly 3.3 million passengers and 82,000 flight operations in 2013. ORF serves general aviation and the following carriers: American, Delta, Southwest, United and U.S. Airways and is located at 2200 Norview Avenue in Norfolk. Visit norfolkairport.com or call 757.857.3351 for more information.
Virginia Beach is linked to the national markets by one of the country’s most modern interstate and highway systems. I-64, Hampton Roads’ major east/west route, borders the area. Due west are the north/south interstates I-95 and I-85. The Chesapeake Bay Bridge Tunnel connects Virginia Beach to the Eastern Shore of Virginia, and cuts driving distance to the northeast corridor by 90 miles.