Port-Centric Logistics
The future is moving here.
An Epicenter of Trade & Commerce
The mission of The Port of Virginia is to foster economic development and job creation across the Commonwealth. To that end, the port is strategically investing $1.4 billion in terminal and waterfront infrastructure projects over the next five years. This commitment to expansion and optimization ensures that the port will remain a premier deep-water gateway for handling international cargo, as well as a strong economic engine for the region.
Southeastern Virginia is witnessing billions of dollars of investment in regional highway, bridge and tunnel infrastructure, providing efficient passenger and cargo transit. At the end of the 2022 fiscal year, the Hampton Roads region was experiencing a historic low vacancy rate of 1.4% for Class A industrial warehouse space. Recently, Colliers recognized Norfolk as one of the “Top 10 Emerging US Industrial Markets to Watch in 2022.” Over the last few years, any industrial space available on the market has quickly been absorbed by manufacturers, distributors and 3PL providers, many of whom are port users. Port customers including Amazon, RoadOne, Dart Logistics, GXO, NFI, Walmart, Target and AutoZone, have all increased their presence.
Significant investments in industrial sites and speculative products are being made by developers throughout Virginia. Over 30 million square feet has either been announced, or is currently under construction, within the port market, driving economic expansion.
Learn More About The Virginia Model Advantage
Our growth strategy, both in and around the port, provides a wealth of supply chain advantages and unparalleled economic opportunities for growth well into the future.
Explore Your Possibilities
The Virginia Economic Development Partnership’s online site selection tool allows you to research Virginia’s more than 2,000 available properties. Find your fit by filtering site and buildings specifications, workforce needs and business locations.
Foreign Trade Zones
Virginia is the best choice for FTZ activities due to our strategic Mid-Atlantic location. Our port is located within FTZ #20. Learn more about the benefits and how to apply.
Available Workforce
A growing job market has attracted young, highly-skilled and tech-savvy workers from all over the US. And each year, roughly 18,000 military personnel enter the private sector in Virginia, adding a skilled and disciplined supply of potential recruits to the state’s already robust and well-educated labor supply.
Tax Incentives
We have multiple tax credits available including the Barge & Rail Usage Tax Credit, Port Volume Increase Tax Credit and International Trade Facility Tax Credit.
Grant Programs
The Port of Virginia Economic and Infrastructure Development Grant Program (POV Grant) provides a grant to certain qualified companies to incentivize companies to locate new maritime-related employment centers or expand existing centers in specified localities to encourage and facilitate the growth at the port.
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The Port of Virginia Experience
Our unique operating model combined with the latest in technology and deep expertise allows us to craft one-of-a-kind solutions not possible at other ports.
Connect With Us
We welcome your questions and interest in how our team can deliver for you. Let’s start a conversation today!
