THE SMART MOVE FOR BUSINESS

Business in Portsmouth is growing and 2024 was the City’s seventh record-breaking year in a row. New, expanding, and relocating businesses invested $144 million in new capital, with focused efforts in the maritime, logistics, and offshore wind industries, and residential developments.

Portsmouth is home to two Port of Virginia facilities and many project sites that have immediate access. When every moment matters for your supply chain, you can be located less than 10 minutes from the Port.

Portsmouth has provided and connected businesses with approximately $2 million in local, state, and regional incentives in the past five years.

Portsmouth’s median income has been increasing year over year with the growth of the City and the region. In 2022, the reported median income was $57,154.

Whether you are looking for talented workers or dedicated customers, Portsmouth is within a 45-minute drive to over 1.8 million residents.

Portsmouth has convenient access to over 40 different universities, training academies, skilled trade schools, and more. Regardless of your concentration, you can find quick access to the program you need.