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 content and media technology. Williams—a globally-acclaimed Virginia-born musician, producer and entrepreneur—seeks to bring specific transformative business opportunities to the Commonwealth. Williams also met with Governor… 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… 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 off. The City was recently ranked #6 in the U.S. for industry, occupational and worker-class diversity for its size, according to Wallethub’s comparison of the… 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

Kempsville High School academy students win first place at World Series of Entrepreneurship

A nationwide venture pitch competition for high school students with $10,000 as the top prize

Kempsville High School Entrepreneurship and Business Academy (EBA) students won first place at the World Series of Entrepreneurship competition – a nationwide venture pitch competition… Read More

South Atlantic Express Provides Ultra-High-Speed Cable

from South Africa to U.S. through Virginia Beach Landing Site

VIRGINIA BEACH, Va. (May 8, 2018) — ACA International, LLC, which recently announced the relocation of its corporate headquarters to Virginia Beach, has announced a… Read More