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Hampton Roads MSA Description

Hampton Roads MSA Description

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Categories:Types, Research
Published by: asoundidea on Jun 02, 2011
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02/24/2015

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CommunityProfile
VABeach-Norfolk-NewportNewsMSA,Virginia
VIRGINIAECONOMICDEVELOPMENTPARTNERSHIP
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BUSlNESS
 
CommunityProfile
VA8each-Norfolk-NewportNewsMSA
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BESTSTATEFORBUSINESS
VABeach-Norfolk-NewportNewsMSA
HamptonRoads(VirginiaBeach-Norfolk-NewportNewsMSA):TheHeartoftheMid-AtlanticFifteenindividualjurisdictionsmakeupHamptonRoads,the2ndbeperformingmetroeconomyinthenationduringtherecessionaccordingtoTheBrookingsInstitution.Withacivilianlaborforceofnearly800,000and14,000individualsgraduatingfromHamptonRoads'8universitiesand4communitycollegesannually,thearea'sskilledworkforcestandsout.FourFortune500companiesareheadquarteredinHamptonRoadsbecausetheyknowthattheregion'seconomyisasstrongasitisstableduetothelowbusinesscosts,attractivelaborsupplyandsuperioreconomicclimatethatbusinessesenjoy.Formanybusinessesitiscriticaltobeconvenientlylocatednearcustomers,suppliers,distributors,employeesandvendors.Over60percentofth!populationoftheU.S.iswithin750milesofHamptonRoadsandtheregion'sconvenientandaccessibletransportationinfrastructureprovidesmultipleoptionsformovinggoodsbetweennationalandinternationalmarkets.
TheDowntownNorfolkSkyline
VIRGINIAECONOMICDEVELOPMENTPARTNERSHIP
Everyreasonableefforthasbeenmadetoassuretheaccuracyofthisreportthroughtheuseofstandardized,reliabledatasources,includin~the
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community.However,thePartnershipprovidesthisinformation"asis,"andtherefore,assumesnoliabilityarisingfromtheuseofthisreportordata.
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BESTSTATEFORBUSINESS
CommunityProfileVA8each-Norfolk-NewportNewsMSA
Location
TheVirginia8each-Norfolk-NewportNewsMSA'sstrategic,mid-Atlanticlocationandsuperiortransportationnetworkprovideswiftaccesstoworldanddomesticmarkets.TheVirginia8each-Norfolk-NewportNewsMetropolitanStatisticalArea(MSA)issituatedinthesoutheasterncornerofVirginia.TheMSAcenterscHamptonRoads,theworld'slargestnaturaldeepwaterharbor.Ninecitiesandsixcountiescomprisethemetropolitanarea.Atotallyintegratedtransportationnetworkofinterstatehighways,air,rail,andseaservicesprovideexcellentaccessbetweenthecommunitiesofthisMSAandthemarketsoftheworld.TheVirginia8each-Norfolk-NewportNewsMSAis200milessouthWashington,D.C.and100milessouthofRichmond,thestatecapitalofVirginia.
VIRGINIAECONOMICDEVELOPMENTPARTNERSHIP
Everyreasonableefforthasbeenmadetoassuretheaccuracyofthisreportthroughtheuseofstandardized,reliabledatasources,includin~the
2
community.However,thePartnershipprovidesthisinformation"asis,"andtherefore,assumesnoliabilityarisingfromtheuseofthisreportordata.
age
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