Strategic Location

Hampton Roads' strategic, mid-Atlantic location and superior transportation network provide swift access to world and domestic markets.

Abundant Labor Resources

• Hampton Roads' population is 1.6 million - the fifth largest metro area in the Southeast U.S., and the largest between Washington DC and Atlanta
• Labor force surpasses 800,000 and unemployment averages between 4 and 5 percent
• Approximately 13,000 highly-skilled, exiting military annually
• 30,000 military spouses on average
  
• Over 93,000 university and community college students

• Over 95 percent of the world's shipping lines call on the Port of Hampton Roads linking Virginia and the U.S. to more than 400 ports in over 100 countries
• Superior telecom infrastructure includes 11 completely independent networks supported by over 650,000 miles (over 1 million km) of fiber optics
• Convenient commercial air service offers over 230 flights per day including direct non-stops to 26 airports of which 16 are major hubs and international gateways

As an Employment at Will state, Virginia has one of the lowest average net costs in the U.S. for Workers' Compensation Insurance as well as one of the lowest Unemployment Insurance rates.

With only one local taxing authority in each community, Hampton Roads has one of the lowest combined state and local tax rates in the nation: the 6 percent corporate income tax rate has not been raised since 1972. There is no local income tax, unitary tax, property tax on state level, local license tax on headquarters and regional offices, intangible property tax or inventory tax.

New and expanding companies can take advantage of specific incentive and service programs including financial assistance, infrastructure development, workforce training and tax credits.

For further information, visit our Data Center.