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A convenient location within 750 miles of two-thirds of the nation’s population and industrial production.
A regional transportation hub comprised of highways, rail service, international air service, and one of the most important commercial shipping ports worldwide.
A diverse business economy with companies from 19 different nations.
A motivated, capable workforce replenished each year by approximately 30,000 exiting military service members and graduating college students.
A thriving network of manufacturing, retail, technical and professional services.
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Chesapeake Economic Development2021-11-15 20:03:182021-11-15 20:03:18Notice of Economic Development Authority Meeting
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Chesapeake Economic Development2021-09-08 18:04:252021-09-08 18:04:25Notice of Economic Development Authority Meeting
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Chesapeake Economic Development2021-07-02 16:14:392021-07-07 15:18:17MI Technical Solutions to Expand Facility in Chesapeake
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Chesapeake Economic Development2021-06-15 18:42:142021-06-15 18:42:14VRC Metal Systems to Invest in City of Chesapeake
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Chesapeake Economic Development2021-06-15 12:28:232021-06-15 12:28:23Notice of Economic Development Authority MeetingChesapeake 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:
| Property Type | Total Sq. Ft. | Vacant Sq. Ft. | % Vacant | Avg. Rental Rates Per Sq. Ft. |
|---|---|---|---|---|
| General Industrial | 17,918,895 | 367,206 | 2.0% | $6.49 |
| Retail | 14,466,330 | 787,104 | 5.4% | $14.25 |
| Office | 5,492,694 | 266,503 | 4.9% | $17.06 |
Showroom/Office/Warehouse | Riddle & Associates, Inc.
As Virginia’s third largest city, Chesapeake, VA, Offers many opportunities to meet your business needs. The city has nearly 6,500-zoned industrial acres, more than 11 million square feet of constructed office and industrial space with 12 major industrial and commercial areas including established business parks.
TO SET UP A SITE VISIT,
CALL LARRY RUMSEY AT (757) 523-1900
Total Population
Minutes from the Port
Square Miles
New Jobs Created in 2020
Total Labor Force
Chesapeake offers superb community amenities at a reasonable cost. With excellent education opportunities, plenty of outdoor recreational activities, and friendly citizens, you’ll discover that Chesapeake is the right home for you.
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 offers diverse skill sets, advanced training, and education. Chesapeake Economic Development, along with other local and regional partners throughout the state, work closely with Virginia’s Workforce Development System to provide ongoing training, education and development resources to companies located here. Through state, regional and local efforts, Virginia has cultivated one of the nation’s most diverse and well-trained workforces.
The City of Chesapeake’s Unemployment Rate is 4.1%
Chesapeake’s local labor force is augmented annually by:
Source: BLS, August 2017
Chesapeake and the state of Virginia are committed to helping companies o set training and recruitment expenses. The Virginia Jobs Investment Program (VJIP) is a discretionary program that provides funding to companies creating new jobs or experiencing technological change to reduce the human resource development costs for new companies, expanding companies, and companies retraining their employees.
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.
Chesapeake offers:
One of the most successful commercial shipping ports worldwide linking to more than 250 ports in over 100 overseas locations. Quick Facts:
676 Independence Parkway, Suite 200
Chesapeake, Virginia 23320
(757) 382-8040
