Town Center fountain plaza with people taking photo.

A Place Where Businesses Thrive

Virginia Beach is a business-friendly city that blends affordability, accessibility, and livability. With low taxes, competitive utility costs, and a commitment to cutting red tape, we help companies focus on what matters most—growth, talent, and innovation.

The City of Virginia Beach ranks among the top 10 best-run cities in America, according to the financial services website WalletHub. WalletHub compared the operating efficiency of 148 of the largest U.S. cities by comparing the quality of services residents receive against the City's per-capita budget.

~ WalletHub, June 2025

Business-Friendly Costs

  • Virginia Beach consistently ranks as one of the most cost-effective cities for doing business.
  • No inventory tax.
  • No tax on manufacturing equipment.
  • No tax on computer hardware or software.
  • No state tax on manufacturer’s utility purchases.
  • Lower electricity rates compared to neighboring states.
Source: Virginia Beach Economic Development

A Lifestyle Talent Wants

Today’s talent wants to live in a place where they can build careers and enjoy life. Virginia Beach delivers both.

With miles of coastline, award-winning schools, and cultural vibrancy, the city ranks among the top places to live and work in the U.S.

Learn how we help employers attract talent through our workforce development programs.

People in kayaks at Lynnahven boat ramp.

Room to Expand

Whether you're launching a new venture or relocating a global headquarters, Virginia Beach offers a variety of commercial properties and development sites to meet your needs—from urban office towers to coastal business parks.

Our team can assist with site selection, real estate evaluation, and infrastructure planning—ensuring a smooth path to business expansion.