Based on the city’s proactive business attraction efforts, Chesapeake has grown more than $226 million in business investments and created 1,166 new jobs and saved more than 1,352 in the last year.Six major business districts are concentrated in the northern half of the city, comprising one of the strongest business climates in the Mid-Atlantic region.
Chesapeake boasts the third largest population in the state of Virginia. With over 223,000 people, our city offers a diverse community.
Since 2003, Chesapeake’s employment growth-rate has been among the Top 50 nationally. The total number of employers has increased by more than double the national average. The number of workers has increased by more than 12 percent, and total wages have tripled the national average.
Chesapeake’s economy is recognized as one of the strongest and most highly skilled workforces in the U.S. The area has achieved great success in recruiting and retaining new and existing companies that have an impact and strong community presence. Known for its excellent telecommunications and transportation infrastructure, Chesapeake has become a desired location for businesses. In fact, nearly 20 percent of the region’s largest employers are located here.
Commercial Real Estate
Chesapeake is one of the fastest growing cities in the state of Virginia. With 353 square miles of land area, there are many real estate opportunities available to meet the needs of any business, retailer or corporation. Chesapeake offers:
- Nearly 6,500 acres zoned industrial
- More than 18 million square feet of constructed office and industrial space
- Twelve major industrial and commercial areas including established parks
- More than 6 million square feet of retail space with two regional malls
Chesapeake’s location is within 750 miles of two-thirds of the nation’s population and industrial production. The city’s regional transportation hub consists of major west, north and south interstate highways, extensive rail service and 120 miles of commercial waterfront with 12 miles of deep draft channels.