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News & Features

Chesapeake, Virginia
The Commonwealth’s Business Leader

Chesapeake, Va., is "Known by the Companies They Keep," and the list of companies is impressive by any measure. Chesapeake is a national leader in attracting international business investment, and is home to more than 70 foreign firms from at least 17 countries. More than 35 companies operate their U.S., North American, or corporate headquarters in the city. Chesapeake is consistently recognized as being a top U.S. city for small business and women-owned businesses.

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Business Climate
Chesapeake's tremendous natural advantages of strategic location and abundant land combine with its strong pro-business leadership to optimize the city's business environment. Exceptional local and regional assets including a nationally recognized public education system, the largest concentration of higher education institutions in Virginia, the largest military community in the U.S., and two federal research laboratories have helped Chesapeake earn numerous recognitions:

• Money Magazine "Best Place to Live" in the South
• One of the safest cities of its size in the U.S.
• Top Ten U.S. City for Women
• One of the Most Connected Workforces in the U.S.
• Top 25 in U. S. Jobs Creation for the past seven consecutive quarters by Bureau of Labor Statistics.

Room to Grow
With more than 353 square miles of land area, Chesapeake offers businesses a wide variety of site location options: urban, suburban, business park, office, industrial or retail. Included is a designated business zone that encompasses over 1,900 acres and offers special financial incentives. Nearly 1,000 acres of property is included as part of the Port of Virginia's Foreign Trade Zone No. 20, now one of the largest in the United States.

Oakbrooke Business & Technology Center
Chesapeake's newest address for business is Oakbrooke Business & Technology Center, a 115-acre municipally developed business campus. Oakbrooke is an extension of the Greenbrier Business District, the largest and most successful mixed-use district in the Hampton Roads MSA. The park will be a true digital business community, offering companies the best in telecommunications infrastructure. Easily accessible by clients and employees, Oakbrooke is destined to become the region's most desired business address.

For more information, contact the Chesapeake Economic Development Department at 757.382.8040.

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