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Virginia Beach Breaks Record With 19 Million Visitors in 2017

Virginia Beach welcomed 19 million domestic visitors who spent $2.45 billion

Virginia Beach set a new tourism milestone for total visitors and visitor spending in 2017, welcoming 19 million domestic visitors who spent $2.45 billion. Visitor arrivals grew for the eighth consecutive year with a 7.34 percent increase from 17.7 million visitors in 2016. Since 2009, visits to Virginia Beach increased… Read More

Custom Panel & Controls, LLC Relocates Corporate Headquarters

The electrical contractor for marine and commercial industries will expand and add 15 new jobs

Custom Panel & Controls, LLC, an electrical contractor for marine and commercial industries, will expand and relocate its corporate headquarters to 504 Viking Drive in… Read More

Pharrell Williams Sees New Media Industry for Virginia

Williams seeks to bring specific transformative business opportunities to the Commonwealth

Pharrell Williams and wife Helen hosted more than 70 state and regional leaders to discuss Virginia’s opportunities to capitalize on the expanding global demand for… Read More

IMS Gear Invests $1.05 Million in Virginia Beach

The German-based manufacturer of automotive equipment will upgrade its CNC cutting machine in Virginia Beach

Governor Ralph Northam today announced that IMS Gear, a German-based manufacturer of automotive equipment, will invest $1.05 million to upgrade its CNC cutting machine in Virginia Beach. The company’s 115 existing employees will be retrained to operate the new machinery with support from the Virginia Jobs Investment Program. IMS Gear… Read More

Lingerfelt CommonWealth Partners, LLC

To Purchase and Rebrand Virginia Beach Resort Hotel & Conference Center with $44 Million Capital Investment

Lingerfelt CommonWealth Partners, LLC, headquartered in Richmond, Va., will purchase the Virginia Beach Resort Hotel & Conference Center at 2800 Shore Drive for $19 million.… Read More

Diversifying the Economy

is our Future

Expanding diversity of the tax and employment base is a critical function of the Virginia Beach Department of Economic Development, and its efforts are paying… Read More

Seigler Reels to Move Operations to Virginia Beach

Seigler Reels assembles and distributes 10 models of performance fishing reels to U.S. and international retailers

VIRGINIA BEACH, Va. (May 16, 2018) — Seigler Reels, currently located at 1026 Jessie Dupont Memorial Highway, Burgess, Va. in the Northern Neck, will move… Read More