Virginia’s diverse economy and strong business climate provide a strategic advantage for Irish companies entering or expanding in the U.S. market.
Irish companies will find easy access to the U.S. market with 47% of the U.S. population located within a one-day drive of Virginia. The Commonwealth’s strong transportation infrastructure ensures optimal access to major east/west and north/south interstate highways and rail lines, regional and international airports, and seaports.
Virginia’s exceptional logistics include:
- Six interstate highways
- Two Class 1 railroads – CSX and Norfolk Southern
- 16 commercial airports serving Virginia, including Washington Dulles International
- 3rd-largest port on the East Coast – The Port of Virginia
The Port of Virginia is planning for additional growth with major expansion projects currently underway, and is the only port on the East Coast authorized for 55-foot channel depths to handle the larger cargo ships of the future as first and last port of call.
Virginia is adjacent to Washington, D.C., and within 480 kilometers of New York City.
Virginia’s proximity to Washington, D.C., allows for quick access to U.S. Embassies and federal decision-makers. Nonstop service to Dublin is available on United Airlines and Aer Lingus from Dulles International Airport, located in Virginia.
In Virginia, you will find a business-friendly environment. More than 550 internationally owned companies are located here, and the international base continues to grow.
Virginia has a competitive cost environment for business:
- Electricity rates are below the U.S. average at 6.26 cents per kilowatt hour vs. 6.88 cents nationally
- Unemployment insurance taxes are the 7th-lowest in the nation and 53% lower than the national average
- Average workers' compensation costs among the nation’s lowest
- Building costs that range from 6% to 21% below the national average, depending on the region
Washington Dulles International Airport
Virginia ranks 6th in tech employment, according to CompTIA Cyberstates 2018, and is the location of the largest data center market in the U.S.
Virginia is ranked No.4 in Forbes and No.4 by CNBC in their Best States for Business studies. The Commonwealth also ranked No. 1 in the Forbes study for regulatory environment, which looks at labor regulations, tax incentives, health insurance mandates, and occupational licensing.
Virginia’s biggest strength lies in the quality and productivity of its workforce. Virginia is a right-to-work state and, at 5.9%, has the ninth-lowest unionization rate in the country. Virginia is known for its world-class higher education system that provides a strong pipeline of new graduates from local and regional universities. The Virginia Community College System, comprising 23 community colleges, provides occupational and technical training programs, many of which are designed specifically to meet the needs of nearby industries.
Virginia is also a great place to live. Virginia’s diversity can be seen in its variety of landscapes, from Atlantic Coast beaches to the Blue Ridge Mountains. Virginia is home to a moderate four-season climate and provides a wealth of options for your employees to enjoy.
Irish Companies with Virginia Locations
Virginia ranks 12th in employment from Europe in the U.S. A number of Irish companies have operations in Virginia, including:
In 2017, Ireland ranked 55th among Virginia export destinations.
Kevin Finegan Managing Director, Anord Control Systems
Following a due-diligence process which evaluated several coast-to-coast locations across the U.S., Anord choose Virginia as its first U.S. location based on the quality of the available real estate, the access to a skilled local workforce, and the abundance of blue-chip data center companies that are located in the region. Furthermore, Virginia offers a sound base of suitable supply chain partners which will provide Anord with a reliable local supply base.