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  • Norfolk company Portfolio Recovery Associates made Fortune magazine's list of the 100 fastest growing U.S. companies in 2013, ranking 98th.

  • Norfolk was named one of the top five cities for entrepreneurs by Entrepreneur.com (August 2013).

  • Sentara Norfolk General Hospital is recognized as the number one ranked hospital in Virginia in the 2013-14 America’s Best Hospitals ranking of U.S. News & World Report. In the 2013-14 ranking, the hospital earned two national rankings for the heart and nephrology programs, in addition to as being high-performing in eight specialties that included Cancer, Diabetes & Endocrinology, Ear, Nose & Throat, Gastroenterology & GI Surgery, Geriatrics, Orthopedics, Pulmonology and Urology. Read more here.

  • Norfolk was the recipient of a 2013 American Cities of the Future award, ranking in the top ten in infrastructure for the mid-sized city category. Awards were presented by fDi Intelligence, a major division of the Financial Times Ltd, specializing in all areas relating for foreign direct investment and investment promotion

  • Virginia is ranked as the top state for business competitiveness, according to May 2012 Site Selection Magazine. The Commonwealth was ranked second best last year.

  • The Norfolk region ranks sixth in best job growth areas for both young college graduates and seasoned workers. The best neighborhood for young and single people is Ghent. WalletPop.com, June 2010.

  • Norfolk region ranks #20 on America's Fastest Recovering Cities from the Recession. Forbes.com November 2009.

  • The most job-centralized large metro in the United States. Brookings Institution, 2009.

  • Virginia ranks as the second Top State for Business after Texas. CNBC, July 2010.

  • Ranks among top 20 MSA's for economic performance during the recession. Brookings Institute, August 2009.

  • Named one of the top forty regions recovering from the foreclosure crisis. Forbes, December 2009.

  • Named one of the Happiest Cities for Families. McDonald's July 2009.

  • The Norfolk region ranks in the top 20 strongest performing regions in economic health. Brookings Institution, March 2010.

  • The Norfolk MSA ranks in the top 20 best cities for singles. Forbes, July 2009

  • Norfolk MSA ranks second in Top Major Market in the South. Southern Business & Development magazine, April 2008.

  • Norfolk MSA ranked #1 in U.S. for high impact firms for jobs and growth. The Small Business Administration's Office of Advocacy, July 2008.

  • Hampton Roads is second only to Washington, D.C. for defense and homeland security jobs.  Hampton Roads earns a national and international recognition as a smart regionHampton Roads Technology Council.

  • One of the top 5 most frequently visited cities in the state. Virginia Tourism Corporation.

  • Home to the world’s largest Naval Base.

  • Granby High School was named one of the top high schools in the nation. Newsweek, June 2010.

Norfolk Department of Economic Development Mission

Generate wealth for the City of Norfolk through business expansion, enhancement, and new business development complementary to our neighborhoods.

Contact Info

(757) 664-4338
500 East Main Street
Suite 1500
Norfolk, VA 23510

Staff Details

Chuck Rigney
Director of Economic Development

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