Home to over 130,000 employees working in the business and shared services sector, Hampton Roads is an ideal expansion location for businesses seeking to capitalize on an available pool of talent. Pairing this skilled and diverse workforce with competitively priced operating costs creates a business environment attractive to well-known companies including the New York Times Shared Services, ADP, Canon Information Technology, GEICO Direct and Xerox HR Solutions.
In Hampton Roads, the business and shared services sector is estimated to grow at a rate of 6.3% by 2022. Fueling this growth is a strong labor pool replenished by the 100,000+ students enrolled in our 12 colleges & universities and 21 trade and technical schools. Each year, over 5,000 students graduate from one of the 70 business services related certification and degree programs offered at schools throughout the region.
An additional source of talent is the 40,000+ military spouses who reside in the region and our enviable quality of life is a magnet for millenials from across the nation. Just this year, Norfolk was ranked #5 in the US for cities with positive net millennial migration by SmartAsset.
Hampton Roads’ Electric Utility Cost is 5.3¢
5,000+ students graduating annually in Shared Services Programs
9,650+ Shared Service Companies in the Region
The costs of doing business in Hampton Roads often fall below the national average.
The average salary in the corporate, professional and financial services sector is 10% lower than the national average. Below are examples of the regional average wage for various occupations in this field.
|Job||Regional Average Wage||National Average Wage|
|Customer Service Representatives||$30,605||$34,715|
|Bookkeeping & Accounting Clerks||$37,734||$41,225|
|Accountant and Autditors||$67,805||$71,552|
|Bill and Account Collectors||$35,699||$37,003|