Portsmouth Economic Development is your advocate throughout the entire process of starting, locating, and growing your business.
BUILD YOUR SUCCESS
96,051
RESIDENTS
$48,727
MEDIAN HOUSEHOLD
INCOME
6,000+
BUSINESSES
45+
HIGHER ED & TRADE
SCHOOL LOCATIONS
IN THE REGION
2.7 MILLION+
POPULATION WITHIN
45 MINUTES
2.8 MILLION+
TEUS THROUGH
LOCAL PORTS IN 2018
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SMART City Initiatives
- 55-mile fiber optic cable ring
- Connected to larger 127-mile regional fiber ring
- $9 million investment
- 5 year project timeline
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Target Industries
- Maritime & Logistics
- Small Business & MWDBE
- Advanced Manufacturing
- Modeling, Simulation & Technology
- Specialty Retail
- Information Services
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-
Economic Profile
- 96,051 Residents
- 6,000+ Businesses
- $48,727 Median Household Income
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-
Incentives & Funding Resources
- Local Incentive Programs for Interior Buildout and Facade Improvements
- Virginia Enterprise Zone
- HUBZone
- Historic Rehabilitation Tax Credit
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Portsmouth Economic Development Report | April 5th, 2018
The New Portsmouth offers efficient Mobility via improved Infrastructure that ties our roads, rails, waterways, and people together. Thanks to our central location, you have access to the entire region's dependable and... Read more