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Virginians provide a vast array of services and manufactured goods to customers
throughout the world. Our manufacturing base continues to be strong, producing
everything from steel beams, wood flooring and trucks to semiconductors, robots
and rocket engines. As the birthplace of the Internet and one of the leading centers
of software development, Virginia's high-technology economy continues to expand.
And as one of four U.S. states currently licensed and capable of launching communications
satellites and other commercial payloads into space, Virginia has all the right
assets to continue our economic leadership throughout the 21st century.
- More than 11,300 high-tech companies operate in Virginia.
- At least 60 firms with annual revenue over $600 million are headquartered
in Virginia.
- Virginia is headquarters to 32 Fortune
1000 firms.
- More than 770
foreign-affiliated firms are located in the Commonwealth.
- Virginia ranks third among the 50 states as a recipient of federal R&D
funds.
- Virginia ranks 10th in terms of venture capital deals and 11th for total
venture dollars invested.
- Virginia ranks among the top 10 states best adapting to recent changes
in the U.S. economy, according to
“The 2007 State New Economy Index” published by the Information Technology
and Innovation Foundation and the Ewing Marion Kauffman Foundation.
- Virginia exported $16.88 billion of merchandise in 2007.
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