ECONOMIC DEVELOPMENT
TheBig Book
ECONOMIC DEVELOPMENT
Virginia companies on the Fortune 500
Company Staterank Fortunerank Headquarters 2013 revenue(in billions)
Freddie Mac 1 32 McLean $81.20
General Dynamics 2 99 Falls Church 31.2
Northrop Grumman 3 122 Falls Church 24.7
Capital One Financial 4 124 McLean 24.2
Altria Group 5 161 Richmond 17.7
AES 6 174 Arlington 16.6
Computer Sciences (CSC) 7 185 Falls Church 15.4
Dominion Resources 8 212 Richmond 13.4
Smithfield Foods 1 9 214 Smithfield 13.2
CarMax 10 240 Richmond 11.5
Norfolk Southern 11 247 Norfolk 11.2
Hilton Worldwide Holdings 2 12 289 McLean 9.7
Genworth Financial 13 291 Richmond 9.6
Owens & Minor 14 303 Mechanicsville 9.0
Dollar Tree 3 15 342 Chesapeake 7.8
Huntington Ingalls Industries 16 382 Newport News 6.8
Advance Auto Parts 17 402 Roanoke 6.5
Leidos Holdings 18 442 Reston 5.8
Booz Allen Hamilton 19 443 McLean 5.8
MeadWestvaco 4 20 457 Richmond 5.5
Gannett Co. 21 481 McLean 5.2
NII Holdings 22 495 Reston 4.9
1 Acquired by Shuanghui International in 2013 Source: Fortune magazine 2 New to the list in 2014
3 Company is acquiring Family Dollar 4 Merger with Rock-Tenn announced in January
Top 15 projects by job creation
Company Name Location Business Type Employment Investment (millions)
Shandong Tranlin Paper Co. Ltd* Chesterfield County U.S. headquarters; pulp and paper manufacturer N 2,000 $2,000.00 Corporate Executive Board Arlington County Headquarters; business research and analysis; membership association E 800 149.70
Fishbowl Inc. Alexandria Direct mail advertising E 679 4.00
Sevatec Inc. Fairfax County Management and technology consulting services E 650 2.00
Liberty-Source PBC Hampton Business process outsourcing N 596 1.57
CustomInk Albemarle County Silk screen printing; custom apparel E 582 45.00 Continental Automotive Systems* Newport News Automotive parts production E 525 152.00 Military Sealift Command Norfolk Headquarters for Navy's Sealift Command E 507 31.00 Teleperformance USA* Henrico County Outsourced multichannel customer experience management E 500 3.50
Faneuil Inc. Hampton Customer service center E 400 2.00
UniTao Pharmaceuticals* Petersburg Pharmaceutical manufacturing N 376 22.50
GEICO Corp. Stafford County Provider of insurance services E 350 24.35 Lindenburg Industry* Appomattox County Manufactures emissions filters N 349 113.00 Green Applications LLC Orange County Designs, produces and distributes heat applied graphics N 323 9.75
Telvista Inc. Danville Call center; customer service E 300 1.00
* Company has headquarters in another country E: expansion; N: new project.
China 2,725 $2,135.50 3 Germany 689 181.50 6 United Kingdom 270 73.80 3 Sweden 206 70.50 2 Japan 83 36.23 2 Ireland 139 25.95 2 South Korea 33 21.30 1 Canada 113 16.40 3 Italy 75 15.60 4 France 653 15.56 7
Source: Virginia Economic Development Partnership
Professional, scientific and technical services 123,343 Educational services 53,653
Construction 46,673 Accommodation and food services 40,632 Retail trade 36,507 Administrative and support services 33,359
Top 15 projects by investment
Company Location Business Type Employment Investment (millions)
Shandong Tranlin Paper Co., Ltd* Chesterfield County U.S. headquarters; pulp and paper manufacturer N 2,000 $2,000.00
Microsoft Corp. Mecklenburg County Data center E 90 346.76
Continental Automotive Systems* Newport News Automotive parts production E 525 152.00
CyrusOne LLC Loudoun County Data center N 50 150.00
Corporate Executive Board Arlington County Headquarters; business research and analysis E 800 149.70 Lindenburg Industry* Appomattox County Manufactures emissions filters N 349 113.00
Rock-Tenn Co. Hopewell Paperboard E 0 109.00
Dominion Virginia Power Henrico County Operations center E 0 80.00
Stone Brewing Co. Richmond Craft beer brewery N 288 74.00
Volvo Trucks North America* Pulaski County Heavy trucks E 200 69.00
Lumber Liquidators Henrico County Distributes hardwood flooring E 0 54.98 Philip Morris USA Chesterfield County Tobacoo leaf storage warehouse E 30 50.00 CustomInk Albemarle County Silk screen printing; custom apparel E 582 45.00
Vireol Bio Energy LLC* Hopewell Bio-energy ethanol plant N 70 41.00
Mondelez Global LLC Henrico County Manufactures cookies and crackers E 35 40.75
* Company has headquarters in another country Source: Virginia Economic Development Partnership, based on preliminary announcements during calendar year 2014. E: expansion; N: new project.
Highest growth occupations
requiring at least a bachelor’s degree
Projected employment to 2022 Median wage Management analysts 11,613 $92,100 Software developers, systems software 10,550 110,800 Software developers, applications 10,541 102,900
Computer systems analysts 9,182 95,300 Elementary school teachers
(except special education) 6,498 55,000 Market research analysts
and marketing specialists 5,547 63,600 Network and computer systems
administrators 4,126 87,200
Sources: American’s Career InfoNet: Occupations and Wages; Bureau of Labor Statistics, Occupational Employment Statistics Survey; Virginia Employment Commission; Virginia Community Profiles
ECONOMIC DEVELOPMENT
TheBig Book
ECONOMIC DEVELOPMENT
Total cargo by trade lane
Trade Lane Export1 Import1
Africa 4,202.90 258.78 Asia, Northeast 12,945.79 2,273.27 Asia, Southeast 1,363.43 668.40 Carribbean 250.83 184.78 Central America 211.96 77.66 Europe, North 23,046.03 2,575.22 India & others 2,906.87 665.40 Mediterranean 11,826.27 1,293.89 Middle East 709.80 147.94 North America 450.85 268.58 Oceania 67.91 53.87 South America 5,509.02 1,541.99
1 In thousands of short tons in 2013 for cargo at the Port of Virginia.
Note: One short ton is equivalent to 2,000 pounds.
Source: U.S. Dept. of Commerce, U.S. Census Bureau, Virginia Maritime Association, Virginia Port Authority
East Coast port market share
Ports TEUs1 Marketshare
New York/New Jersey 5,467,345 32% Savannah, Ga. 3,034,014 18 Port of Virginia 2,223,532 13 Charleston, S.C. 1,601,366 9 Port Everglades, Fla. 939,945 6 Jacksonville, Fla. 924,534 5 Miami 895,585 5 Baltimore 705,230 4 Philadelphia 366,851 2 Palm Beach, Fla. 263,305 2
1 In 20-foot equivalent units for 2013.
Source: U.S. Department of Commerce, U.S. Census Bureau, Virginia Maritime Association, American Association of Port Authorities, Virginia Port Authority
PORT OF VIRGINIA STATISTICS
Top 10 sectors by investment
Industry Investment (millions)Paper products $2,111.00 Data processing, hosting, & related
(including data centers) 1,615.84 Transportation equipment manufacturing 405.98 Chemical manufacturing 170.43 Management of companies and enterprises 165.95 Food products 140.70 Administrative, consulting, and support services 89.32 Beverage manufacturing 76.00 Merchant wholesalers, durable goods 66.22 Warehousing and storage 64.67
Source: Virginia Economic Development Partnership, based on preliminary announcements during calendar year 2014-15.
Top 10 sectors by employment
Industry New jobsProfessional, scientific, and technical services 3,814 Administrative, consulting, and support services 2,548 Paper products 2,010 Transportation equipment manufacturing 1,661 Management of companies and enterprises 1,321 Printing and related support services 905 Chemicals 642 Food products 602 National security and international affairs 602 Publishing industries 554
Source: Virginia Economic Development Partnership, based on preliminary announcements during calendar year 2014-15.
Top 10 trading partners
by total value
Exports¹ Imports1 1 China $2,877.84 China $7,644.23 2 Germany 2,355.99 Germany 4,899.45 3 Brazil 2,101.07 India 2,555.22 4 Belgium 1,565.31 Italy 2,247.40 5 United Kingdom 1,429.02 Japan 2,192.81 6 Netherlands 1,423.17 Brazil 1,918.387 Saudi Arabia 1,159.20 United 1,284.60
8 Japan 1,143.47 France 1,228.86
9 India 1,060.96 Spain 1,127.62
10 United Arab Emirates 718.70 Indonesia 761.06
1 Amount is in millions of dollars for 2013.
Source: U.S. Dept. of Commerce, Census Bureau, Virginia Maritime Association, Virginia Port Authority
1 Machinery $5,419.05 Machinery $7,632.45
2 Plastic 2,051.48 Vehicles, not railway 2,833.32
3 Pharmaceutical products 1,686.80 Electrical machinery 2,420.60
4 Electrical machinery 1,274.24 Furniture and bedding 1,866.59
5 Organic chemicals 1,207.23 Pharmaceutical products 1,546.57
6 Vehicles, not railway 1,096.84 Plastic 1,388.41
7 Tobacco 1,057.42 Rubber 1,125.35
8 Miscellaneous grain, seed,
fruit 1,000.25 Toys and sports equipment 1,106.65
9 Miscellaneous chemical
products 877.12 Beverages 1,026.25
10 Railway 832.23 Miscellaneous textile articles 878.69
1 In millions of U.S. dollars for 2013 commodities at the Port of Virginia
Source: U.S. Department of Commerce, Census Bureau, Virginia Maritime Association, Virginia Port Authority
tons1
1 Mineral fuel, oil, etc. 49,858.79 Machinery 755.23
2 Miscellaneous grain, seed, fruit 1,888.46 Furniture and bedding 582.99
3 Wood 1,704.79 Salt; sulfur; earth; stone 514.44
4 Woodpulp, etc. 1,588.79 Mineral fuel, oil, etc. 512.99
5 Food waste; animal feed 1,242.56 Beverages 464.63
6 Cereals 955.18 Wood 424.33
7 Plastic 627.36 Vehicles, not railway 418.59
8 Paper, paperboard 605.66 Plastic 412.16
9 Iron and steel 504.75 Rubber 384.45
10 Machinery 444.08 Fertilizers 376.18
1 In thousands of short tons at Port of Virginia in 2013. One short ton is equivalent to 2,000 pounds.
Source: U.S. Dept. of Commerce, Census Bureau, Virginia Maritime Association, Virginia Port Authority
Top 10 trading partners
by total cargo
Exports¹ Imports1 1 China 7,343.36 China 1,888.56 2 Netherlands 5,893.36 Brazil 850.56 3 Italy 5,269.44 Germany 752.07 4 Brazil 4,755.36 India 576.395 United Kingdom 4,563.09 Italy 506.30
6 France 3,708.44 Turkey 341.25
7 Turkey 3,606.74 France 340.45
8 Germany 2,935.96 Canada 257.13
9 Morocco 2,889.59 Spain 256.49
10 India 2,660.58 Netherlands 245.03
1 In thousands of short tons in 2013 for cargo at the Port of Virginia.
Note: One short ton is equivalent to 2,000 pounds.
Source: U.S. Dept. of Commerce, Census Bureau, Virginia Maritime Association, Virginia Port Authority
ECONOMIC DEVELOPMENT
TheBig Book
ECONOMIC DEVELOPMENT
Virginia’s rankings
#1
Most Information Technology Jobs, The State New Economy Index (2014)#4
Best State for Business and Careers, Forbes.com (2014)#4
Most Business-Friendly State, Pollina Corporate Real Estate Inc. (2014)#4
Best State for Small Business, Business Insider (2014)#4
Best State for LEED Green Building, U.S. Green Building Council (2015)#5
Top States for Talent Pipeline/Technology & Entrepreneurship, Enterprising States Report (2014)#6
Workforce Education, The State New Economy Index (2014)#7
Best State to Make a Living, Money-Rates.com (2014)#8
America’s Top State for Business, CNBC (2014)#9
Aerospace & Defense Industry/Data Center Leader, Business Facility (2014)#10
Top U.S. Business Climates, Site Selection (2014)#11
Best State for Business, Chief Executive Magazine (2014)Source: Virginia Economic Development Partnership; U.S. Green Building Council
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