Industries
Advantages for Advanced Manufacturing
- Total employment of more than 600,000 in the Richmond metro area includes nearly 37,000 in manufacturing.
- A proven, productive, and skilled labor force is comfortable with 24/7 operations and advanced manufacturing technologies.
- The Virginia Commonwealth University School of Engineering offers undergraduate and graduate degrees in biomedical, chemical and life science, electrical and computer, mechanical, and nuclear engineering and in computer science.
- At VCU’s da Vinci Center for Innovation in Product Design and Development students from the engineering, business and art schools collaborate to solve research problems for corporate clients.
- Area community colleges offer occupational and technical training, including customized programs for individual employers.
- Virginia is a right-to-work state with low levels of unionization and union election activity.
- Workers' Compensation and Unemployment Compensation costs are among the lowest in the nation.
- Greater Richmond is strategically located at the mid-point of the East Coast.
- Interstates I-64, I-95, I-85, and I-295 converge in the metro area.
- There are more than 100 motor freight companies and brokers.
- The Port of Richmond is served by 64 Express barge service.
- The Port of Virginia at Hampton Roads, the third largest container port on the U.S. East Coast, is within 100 miles.
- CSX and Norfolk Southern provide rail service.
- Foreign Trade Zone 207 at Richmond International Airport allows companies to defer paying customs duties on goods until they leave the zone for domestic consumption.
- Building costs are 15 percent below the national average.
- Ready-to-go sites with zoning, water and sewer, transportation access, and competitive incentives are available throughout the region.
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Industry news
- AEE Virginia wants state to be a leader in energy technologies
- Richmond’s Butylfuel merges with U.K. firm
- Afton opens new research laboratory in Suzhou, China
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