Business in Virginia Doing business in VA - VEDP
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Fast Fact
AeA, the nation’s largest high-tech industry trade association, has ranked Virginia as the national leader for its concentration of high-tech workers.


Virginia Economic
Development Partnership

901 East Byrd Street
P.O. Box 798
Richmond, VA 23218-0798
USA
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Inquiries:
(804) 545-5700 (Domestic)
(804) 545-5750 (International)
(804) 545-5600 (General)
(804) 545-5805 (Media)


Virgina's Key Business Sectors
Industries of the 21st Century
Virginia continues to experience robust job growth and capital investment. Virginia’s targeted business sectors are diverse. Whether you’re manufacturing communication satellites, processing ready-to-bake cookie dough, or warehousing and distributing products globally, Virginia’s unique combination of resources provide a strong foundation for your success.

  • Aerospace: Virginia is home to 368 Aerospace companies. The top two sectors for the industry are Aerospace Technology and Aerospace Equipment.

  • Automotive: Virginia is home to 177 Automotive companies. The Automotive industry accounts for 3% of Virginia's total of 6,047 manufacturing establishments.

  • Plastics & Advanced Materials: In 2007, Virginia's Plastics industry employed 26,062 people. The Plastics industry accounted for 9% of Virginia's total manufacturing employment of 286,579.

  • Corporate Headquarters: Virginia's pro-business climate, global access and talented workforce combine to make the ideal location for corporate headquarters. Virginia is home to more than 70 headquarters that earn at least $600 million in revenue each year.

  • Energy: Virginia is home to 1,243 Energy companies. The top three sectors for the Energy Industry are Waste Products, Power Generation, and Fossil Fuel Sources.

  • Food Processing: In 2007, Virginia's Food Processing industry employed 34,830 people. The Food Processing industry accounted for 12% of Virginia's total manufacturing employment, and is the third largest sector.

  • Global Logistics: Today's leading distributors are taking increasing advantage of Virginia's proximity to Eastern U.S. and Midwest markets.

  • Life Sciences: In 2007, the life sciences industry accounted for over 630 firms in Virginia and for nearly 33,000 jobs.

  • Technology: With more than 252,000 high-technology jobs in Virginia in 2007, Virginia has the highest percentage of technology workers in the country and is ranked 5th in total high-technology employment as reported in Cyberstates 2008.

  • Modeling & Simulation: Virginia has 209 companies applying Mod-Sim technology to diverse industries such as defense, health care, aerospace, transportation, and entertainment.

  • Wood Products: Wood Products represents Virginia’s largest number of manufacturing establishments. The top three sectors for Wood Products are Household and Institutional Furniture and Kitchen Cabinet Manufacturing, Other Wood Product Manufacturing, and Sawmills and Wood Preservation.