Building on a rich history of federal investments in fiber optics as well as pioneering tax advantages, Virginia hosts the largest data center market in the world and is home to more than 35% (~150) of all known hyperscale data centers worldwide.
Over the last few decades, the Commonwealth of Virginia has become one of North America’s premier locations for the tech sector. Thousands of tech firms and tech industry leaders have been attracted to Virginia by its combination of diverse, world-class talent, exceptional quality of life, attractive business climate, and competitive costs.
Virginia has a long tradition of advanced materials manufacturing dating back to the early 19th century, when the Commonwealth emerged as a manufacturing leader in the United States. Today, a diverse array of advanced materials companies continue to locate or expand in Virginia, drawn by its thriving industry base and strong manufacturing culture, outstanding logistical advantages, skilled workforce, competitively priced utilities, and top-ranked business climate.
With a thriving industrial and innovation ecosystem, a top-ranked business climate, and a highly skilled workforce, Virginia is an outstanding choice for aerospace and unmanned aerial systems (UAS) companies. In the past decade, 60 aerospace and UAS projects have been announced in Virginia, representing over 4,600 jobs and over $865 million in investment.
Top automotive companies choose to locate or expand in Virginia for its thriving automotive ecosystem, skilled workforce, innovative culture, outstanding logistical advantages, competitive cost of doing business, and top-ranked business climate. In the past decade, over 80 automotive projects have been announced in Virginia, representing more than 8,000 jobs and $4.5 billion in investment.
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With a location at the center of the East Coast, one of the highest concentrations of skilled maritime talent on the East Coast, world-class port infrastructure, and a competitive cost of doing business, Virginia is positioned to be a leader in the U.S. offshore wind supply chain.
Forestry has long been a vital part of Virginia’s economy. Since timber was first shipped to England 400 years ago, the industry has grown to contribute more than $21 billion per year in industrial output. Companies continue to choose Virginia for its thriving industry ecosystem, outstanding logistical advantages, access to quality talent, and top-ranked business climate.
As consumers’ increasing demand for safe, sustainable, locally grown food increases, Virginia provides the ideal home for controlled environment agriculture (CEA) companies. As a top state in the CEA industry, Virginia offers a mid-Atlantic location with strategic access to domestic consumer markets, access to plentiful natural resources and competitively priced electricity, a skilled talent pipeline, and exceptional partners like the Virginia Department of Agriculture and Consumer Services (VDACS).
Virginia is home to the top tech talent pipeline in the United States, a dynamic semiconductor research and development enterprise, and a network of premier universities producing a steady flow of graduates in areas of high relevance to microelectronics and nanotechnology subsectors. This combination creates a well-rounded ecosystem that positions the Commonwealth of Virginia at the intersection of innovation and manufacturing for the semiconductor industry.