Maria Prince
Manager. Corporate Services, Headquarters. Business Development 804-545-5737 MPrince@YesVirginia.org
Why should companies look to Virginia when establishing or relocating their headquarters? First, they will be in good company as Virginia is home to 70 corporate headquarters of firms with annual sales of more than $500 million. Of those, 21 companies have annual sales of at least $5 billion. Virginia is also home to the corporate headquarters of 33 Fortune 1000 companies and many of the largest private companies in the U.S.
Virginia has the highest percentage of high-technology workers in the country and ranks fourth in total high-technology employment as reported in Cyberstates 2011. This large, well-educated labor pool provides companies headquartered in Virginia excellent opportunities to fill a wide array of critical jobs.
Critical Business Attributes
- An existing business concentration with a large, growing labor pool of skilled, professional workers
- A central East Coast location with easy access to major national and international markets
- A low cost of doing business
- All the amenities necessary to recruit and keep a professional workforce, including colleges and universities offering specialized business and technical degrees
Industries with Headquarters in Virginia
Aerospace
Chemicals
Computer and Data Services
Consumer Food Products
Financial Services
Healthcare
Insurance
Printing and Publishing
Telecommunications
Tobacco Products
Utilities
Major Corporate Headquarters in Virginia
| Company |
City |
Revenues
($millions)
|
Fortune
1000 rank
|
| ADS Inc. |
Virginia Beach |
$1,300.0 |
** |
| Advance Auto Parts, Inc. |
Roanoke |
$5,925.2 |
387 |
| Alpha Appalachia Holdings, Inc. |
Richmond |
$3,039.0 |
662 |
| Alpha Natural Resources, Inc. |
Abingdon |
$3,917.2 |
545 |
| Altria Group, Inc. |
Richmond |
$24,363.0 |
154 |
| AMERIGROUP Corporation |
Virginia Beach |
$5,806.3 |
396 |
| Booz Allen Hamilton Holding Corporation |
McLean |
$5,591.3 |
438 |
| CACI International Inc. |
Arlington |
$3,577.8 |
639 |
| Capital One Financial Corp. |
McLean |
$19,067.0 |
134 |
| CarMax, Inc. |
Richmond |
$8,975.6 |
311 |
| Computer Sciences Corporation |
Falls Church |
$16,042.0 |
155 |
| Dollar Tree, Inc. |
Chesapeake |
$5,882.4 |
390 |
| Dominion Resources, Inc. |
Richmond |
$15,197.0 |
162 |
| DynCorp International LLC |
Falls Church |
$3,585.3 |
585 |
| Estes Express Lines |
Richmond |
$1,502.5 |
** |
| Federal Home Loan Mortgage |
McLean |
$98,368.0 |
20 |
| Gannett Co., Inc. |
McLean |
$5,438.7 |
415 |
| General Dynamics Corporation |
Falls Church |
$32,466.0 |
86 |
| Genworth Financial, Inc. |
Richmond |
$10,089.0 |
243 |
| Hilton Worldwide |
McLean |
$7,500.0 |
88 |
| K-Va-T Food Stores |
Abingdon |
$1,901.8 |
** |
| ManTech International Corporation |
Fairfax |
$2,604.0 |
730 |
| Markel Corporation |
Glen Allen |
$2,225.4 |
818 |
| Mars Inc. |
McLean |
$30,000.0 |
** |
| MeadWestvaco Corp. |
Richmond |
$5,693.0 |
373 |
| NewMarket Corporation |
Richmond |
$1,797.4 |
943 |
| NII Holdings, Inc. |
Reston |
$5,601.3 |
406 |
| Norfolk Southern Corp. |
Norfolk |
$9,516.0 |
261 |
| Northrop Grumman Corporation |
Falls Church |
$34,757.0 |
72 |
| NVR, Inc. |
Reston |
$3,057.4 |
657 |
| Omega World Travel |
Fairfax |
$1,000.0 |
** |
| Owens & Minor, Inc. |
Mechanicsville |
$8,123.6 |
295 |
| Performance Food Group |
Richmond |
$10,100.0 |
** |
| SAIC, Inc. |
McLean |
$11,117.0 |
219 |
| SLM Corporation |
Reston |
$6,776.3 |
344 |
| Smithfield Foods, Inc. |
Smithfield |
$12,202.7 |
216 |
| Southern States Cooperative |
Richmond |
$2,200.0 |
** |
| SRA International |
Fairfax |
$1,666.6 |
987 |
| The AES Corporation |
Arlington |
$16,647.0 |
150 |
| The Brink’s Company |
Richmond |
$3,121.5 |
645 |
| Universal Corporation |
Richmond |
$2,571.5 |
749 |
| ValueOptions, Inc. |
Norfolk |
$1,000.0 |
** |
**Private Company |
Virginia's Commercial Airports provide non-stop service to 196 destinations world-wide.
Daily
Nonstop Flights, Average Travel Times |
| From |
To
New
York City
|
To
Boston |
To
Chicago |
Washington Dulles Int'l Airport
|
1 HR, 15 MIN
|
1 HR, 30 MIN
|
2 HR |
Ronald Reagan Washington
National Airport |
1 HR, 15 MIN |
1 HR, 30 MIN |
2 HR |
| Richmond International Airport |
1 HR, 30 MIN |
1 HR, 40 MIN |
2 HR, 12 MIN |
| Norfolk International Airport |
1 HR, 30 MIN |
1 HR, 40 MIN |
2 HR, 25 MIN |
From an affordable lifestyle and competitive business environment to a skilled and ready labor force, Virginia is one of the most desirable places for business in America. Corporate headquarters in Virginia enjoy a business-friendly climate characterized by stable and competitive taxes, payroll costs, and lease rates, as well as legislation that protects “at will” employment practices.
| Selected
Occupations |
Virginia
Employment |
Virginia
Average Wage |
| Accountants and auditors | 33,990 | $72,540 |
| Billing and posting clerks and machine operators | 11,700 | $34,500 |
| Bookkeeping, accounting and auditing clerks | 45,380 | $36,800 |
| Business operations specialists, all other | 37,540 | $76,720 |
| Compensation benefits and job analysis specialists | 2,900 | $59,900 |
| Computer and information systems managers |
13,160 |
$138,000 |
| Computer programmers | 9,700 | $76,960 |
| Computer support specialists | 21,310 | $52,030 |
| Computer systems analysts | 32,740 | $93,290 |
| Database administrators | 4,890 | $81,720 |
| Financial analysts | 7,760 | $79,380 |
| Financial managers |
12,620 |
$121,270 |
| Financial specialists, all other |
4,970 |
$72,380 |
| First-line supervisors of office and administrative support workers |
37,520 |
$52,220 |
| Human resources assistants, except payroll and timekeeping | 4,610 | $39,370 |
| Lawyers |
14,200 |
$131,280 |
| Management analysts | 44,270 | $94,970 |
| Market research analysts and marketing specialists | 9,180 | $66,750 |
| Marketing managers | 4,130 | $136,590 |
| Office clerks, general | 105,050 | $28,700 |
| Receptionists and information clerks | 28,010 | $26,460 |
| Secretaries and administrative assistants, except legal, medical and executive | 21,210 | $35,020 |
| Source: Bureau of Labor Statistics, Occupational Employment Statistics, May 2010 |
Since 2001, 443 companies have announced more than 600 corporate, regional, or division headquarters relocations or expansions in Virginia to create over 62,000 jobs and $4.3 billion in capital investment. Listed below are a few of the top headquarters announcements made recently.
| Company
Name |
Location |
| Admiral America |
Henrico Co. |
| ADS, Inc. |
Virginia Beach |
| Alpha Natural Resources |
Bristol |
| BAE Systems North America |
Arlington Co. |
| Hilton Worldwide |
Fairfax Co. |
| ICF International |
Fairfax Co. |
| Northrop Grumman Corporation |
Fairfax Co. |
| Phoenix Packaging Operations, LLC |
Pulaski Co. |
| SAIC |
Fairfax Co. |
Virginians themselves play a vital role in the Commonwealth’s success as a top business location. With one in three Virginians holding a bachelor’s or advanced degree, the state’s workforce is one of the nations’ most educated. Some of the nation’s best colleges and universities are located in Virginia – many offering undergraduate and graduate programs in all areas of business. Corporations also benefit from Virginia’s community college system, which works with companies to develop customized workforce training programs for employees.
| 2010-2011
Select Degrees Conferred in Business and Related Programs at Virginia
Universities and Colleges* |
| Program
Name |
Total
|
Accounting
|
2,208 |
| Business Administration and Management |
8,637 |
| Finance |
708 |
| Management and Related |
1,639 |
| Management Information Systems |
220 |
| Managerial Economics/Operations |
1,100 |
| Marketing |
820 |
| Other Business Related |
1,063 |
| Other Related Degrees: |
| Law |
1,645 |
| Communications |
1,489 |
| Math/Statistics |
558 |
| Total Business and Related Degrees Conferred |
20,087 |
| Source: State Council of Higher Education for Virginia, www.schev.edu
*Data available only for universities reporting to SCHEV |
| 2010-2011
Select Degrees Conferred in IT and Related Programs at Virginia
Universities and Colleges* |
| Program
Name |
Total
|
| Computer and Information Sciences |
1,097 |
| Electrical/Electronical Engineering |
523 |
| Information Science/Studies |
369 |
| Systems Engineering |
205 |
| Computer/Software Engineering |
284 |
| Management Information Systems |
220 |
| Computer Science |
242 |
| Information Technology |
656 |
| Health Information/Medical Records Technology |
48 |
| Computer and Information Systems Security |
25 |
| Total IT and Related Degrees Conferred |
3,669 |
| Source: State Council of Higher Education for Virginia, www.schev.edu
*Data available only for universities reporting to SCHEV |
U.S.
News & World Report 2011 Rankings |
Top Public National
Universities |
Rank |
| University of Virginia |
2 |
| College of William and Mary |
6 |
| Virginia Tech |
27 |
| George Mason University |
72 |
| Virginia Commonwealth University |
90 |
| Best Undergraduate Business Programs |
Rank |
| University of Virginia |
5 |
| Virginia Tech |
T42 |
| College of William and Mary |
T42 |
| University of Richmond |
67 |
| Best Graduate Business Programs |
Rank |
| University of Virginia (Darden) |
13 |
| College of William and Mary (Mason) |
75 |
| Best Law Schools |
Rank |
| University of Virginia |
10 |
| College of William and Mary (Marshall-Wythe) |
28 |
| Washington and Lee University |
34 |
| George Mason University |
42 |
| University of Richmond (Williams) |
86 |
|