Doing Business in Suffolk

Demographics

Suffolk

 
Total Population (2013 Estimate)* 87,831
Total Households** 33,035
Median Age** 37.9
Median Household Income** (2012) $65,351
Unemployment Rate (1Q 2014)** 5.80%
Land Area, Square Miles 430

Hampton Roads/Metropolitan Statistical Area (MSA)

 
Hampton Roads Region Total Population (2012)** 1,712,857
Hampton Roads Region Total Households 641,450

Virginia

 
Total Population (2013)** 8,260,405
*   UVA Cooper Center
** U.S. Census Bureau

Suffolk's Population Projections

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Source: Weldon Cooper Center for Public Service

Population Growth Hampton Roads Cities 2000-2014

suffolk-population-growth-2.jpg
Source: Weldon Cooper Center for Public Service


Maps & Location

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Map of Suffolk, VA
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Map of Hampton Roads
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Map of the East Coast

Tax Rates

Virginia

 
Corporate Income 6%
State and City Retail Sales and Use 6%
State and City Meals Tax 6.5%

Suffolk

 
Real Estate, City-Wide $1.03 per $100 assessed value
Real Estate, Rout 17 taxing district  $1.28 per $100 assessed value
Real Estate, downtown business district $1.135 per $100 assessed value
Business Property $4.25 per $100 (based on 20% of original cost)
Machinery and Tools $3.15 per $100 (of original cost)
      1-5 yrs. Old @ 20% Effective rate of $0.63/$100
      5+ yrs. Old @ 10% Effective rate of $0.315/$100
Business License (for gross receipts > $100,000)  
Retail $0.20/$100
Wholesale $0.09/$100
Manufacturing Exempt


Major Suffolk Employers

EmployerProduct/ServiceEstimated number of employees
Suffolk Public Schools Education 1,780
Navy Information Dominance Forces (Cyber Forces) ModSim & Technology 1,500
Sentara Health System Healthcare 1,300
J7 Joint Staff ModSim & Technology 1,200
City of Suffolk Government 1,139
QVC Warehousing & Distribution 900
SYSCO Food Services of Hampton Roads Warehousing & Distribution 500
Walmart Retail 450
Kraft/Planters Peanuts Food & Beverage Processing 340
Unilever/Lipton, Inc. Food & Beverage Processing 300
Towne Bank Banking 300
Lakeview Medical Center Medical 270
Bon Secours Health System Medical 269
Massimo Zanetti Beverage USA Food & Beverage Processing 250
California Cartage Warehousing & Distribution 250
Nansemond-Suffolk Academy Education 194
Nansemond Pointe Rehabilitation and Healthcare Healthcare 190
Navy Exchange Service Command (NEXCOM) Warehousing & Distribution 156
Reinhart Foods Warehousing & Distribution 130
Lake Prince Center Medical 130
Wanchese Fish Company Food & Beverage Processing 130
Birdsong Peanuts Food & Beverage Processing 125
Vitex Packaging Packaging Materials 115
BASF Chemical Processing 100
Truestone ModSim & Technology 100
Farm Fresh Grocery 100
Dominion Virginia Power Utilities 100
Harris Teeter Grocery 100
Target Warehousing & Distribution 100
Lancaster Farms Wholesale Nursery 100
Amadas Industries Advanced Manufacturing 95
J.M. Smucker Food & Beverage Processing 85
Northrop Grumman ModSim & Technology 85
Kerma Medical Products Advanced Manufacturing 85
Mike Duman Auto Sales Automotive Sales/Service 75
Quality Custom Distribution Warehousing & Distribution 65
Sonoco Products Co Fiberboard Cans 60
Duke Automotive Automotive Sales/Service 60
National Roofing Co Roofing Contractor 60
General Dynamics ModSim & Technology 50
Lockheed Martin Center for Innovation ModSim & Technology 50
Coastal Logistics Warehousing & Distribution 50
Blair Brothers Industrial Contractor 50
C.W. Brinkley Industrial Contractor 50
ISHPI ModSim & Technology 50
Paul D. Camp Community College Education 50


Major Employers

EmployerProduct/ServiceEstimated number of employees
Huntington Ingalls Industries, Inc. (Newport News Shipbuilding) Shipbuilding & repair 20,000
Sentara Healthcare Full-service health care network 20,000
Virginia Beach City Public Schools Public schools 10,000
Norfolk Naval Shipyard Shipbuilding & repair 9,000
Riverside Health System Full-service health care network 7,050
Norfolk City Public Schools Public schools 6,500
Chesapeake City Public Schools Public schools 6,000
Virginia Beach City Municipal government 6,000
Newport News Public Schools Public schools 5,550
Naval Medical Center Portsmouth Hospital; medical practice management; healthcare 5,400
Newport News City Municipal government 4,580
Norfolk City Municipal government 4,364
NASA Langley Research Center Aerospace research & technology center 4,000
Old Dominion University University 4,000
The Colonial Williamsburg Foundation Museums/cultural exhibits 4,000
Bank of America Banking & credit card service center 3,600
Bon Secours Hampton Roads Health System Hospitals & health care services 3,000
Hampton City Public Schools Public schools 3,000
Chesapeake City Municipal government 2,893
Portsmouth City Municipal government 2,585
Portsmouth City Public Schools Public schools 2,500
Smithfield Packing Company (Gwaltney) Meat processing & packing 2,500
Navy Exchange Service Command (NEXCOM) Management of Navy exchange facilities worldwide 2,450
Chesapeake Regional Medical Center Hospital; health care services 2,400
GEICO Direct Insurance sales, service & support center 2,300
BAE Systems Norfolk Ship Repair (Norshipco) Shipbuilding & repair 2,200
Measurement Specialties, Inc. Sensors & sensor-based systems for aerospace 2,184
STIHL, Inc. Chain saws & outdoor power equipment; power tools 2,067
College of William & Mary University 2,050
Canon Virginia, Inc. Photocopiers; laser jet printers 2,000
“Development is where I want to be and Suffolk has it all.”
Bob Williams, President
Tri-Cities Development

2013 Suffolk Economic Activity

$94m Capital Investment

650 New Jobs

979,005 SF

Utilities
Phone/Cable/Internet/Fiber Optic Verizon, Charter
Natural Gas VNG, Columbia Gas of Virginia
Electric Dominion Power, Community Electric Cooperative
Water City of Suffolk 
Sewer City of Suffolk / HRSD
Transportation

Airport:

Rail:

Port:

Port of Virginia
  • Six terminals
  • 50' deep harbor
  • Congressional authorization to dredge to 55'
  • Direct service to/from VA with connections to over 200 countries

Road and Highway:

Suffolk enjoys easy access to Interstate 64, a major east-west route. Routes 58 and route 460 serve as direct connectors to principal north-south interstates I-85/I-95. Route 460 and I-64 both connect to Richmond. Route 13, 17, and 95 links to northern points such as Washington D.C., Baltimore, Philadelphia, and New York. I-85 and I-95 lead to Southern points such as Atlanta and Raleigh.