Community Profile VA Beach-Norfolk-Newport News MSA, Virginia www. esVirginia.org ‘EST STATE FOR BUSINESSCommunity Profile VA 8: Virgin: VA Beach-Norfolk-Newport News MSA Hampton Roads (Virginia Beach-Norfolk-Newport News MSA) Heart of the Mid-Atlantic The Fifteen individual jurisdictions make up Hampton Roads, the 2nd best perforrring metra economy in the nation during the recession according to The Brookings Institution. With a civiian labor force of nearly 800,000 and 14,000 individuals graduating from Hampton Roads’ & universities and 4 community colleges annually, the area's skilled worMforce stands out. Four Fortune 500 ‘companies are headquartered in Hampton Roads because they know that the region's economy is as strong as itis stable due to the low business costs, attractive labor supply and superior economic climate that businesses enjoy. For many businesses it is crtcal to be conveniently located near customers, suppliers, distroutors, employees and vendors. Over 60 percent of the population of the U.S. is within 750 miles of Hampton Roads and the region's convenient and accessible transportation infrastructure provides multiple options for moving goods between national and international markets. The Downtown Norfolk Skyline VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP Every reasonable 3 een made to assure the acewaey ofthis repo rough the use of standnzed reakle dts sources, nlaing the omni. Hower he Paieshie vies isnt on "and here sssunesnoisbity ring om the use of is rept or a Page |1Community Profile V/A Beach-Norfolk-Newport News MSA Location ‘The Virginia Beach-Norfolk-Newport ‘The Virginia Beach-Norfolk-Newport News Metropolitan Statistical Area (MSA) News MSA's strategic, mid-Atlantic is stuated in the southeastern comer of Virginia. The MSA centers on location and superior transportation Hampton Roads, the world's largest natural deepwater harbor. Nine cities and network provide swift access to world six counties comprise the metropolitan area. A totally integrated transportation ‘and domestic markets network of interstate highways, air, rail, and sea services provide excellent ‘access between the communities of this MSA and the markets of the world The Virginia Beach-Norfolk-Newport News MSA is 200 miles south of Washington, D.C. and 100 miles south of Richmond, the state capital of Virginia Roh Carat, VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP Every resol efit hasbeen mae to assure the acne of ths rept rough he use of standard, eae ata sources, nh he omar. Hower, he Paieship provides is irfom oni" nthereoe assumes noisy sing rom the wse of is repo a. Page |2