Virginia’s Information Technology industry
Ranked No. 3 Top State for Business by CNBC, Virginia is frequently recognized for its favorable regulatory climate and is consistently rated one of the best-run states in the country. Virginia has earned a top AAA bond rating for more than 80 consecutive years, longer than any other state, and it benefits from low risk of natural hazards. Virginia also offers low and stable business taxes, as well as competitive utility and construction costs.
Virginia stands ready to push new boundaries as a U.S. leader in information technology. Already at the forefront of emerging sectors like cloud computing and cybersecurity, Virginia is committed to technology and innovation. Virginia is the leading data center market in the U.S. and has the highest concentration of tech workers in the nation. The Commonwealth is preparing for future growth for IT companies through its top-ranked higher education system to build a pipeline of technology talent.
Through its historic, innovative Tech Talent Investment Program, the Commonwealth of Virginia, donors, and corporate partners are investing more than $2 billion to expand Virginia's tech talent pipeline, doubling the number of graduates each year in computer science and closely related fields. Additionally, Virginia higher education institutions already produce roughly 12,000 tech-related degrees and certificates annually in areas ranging from computer science to modeling and simulation.
Virginia has emerged as a national leader in cybersecurity and is at the forefront of talent development in the industry. The Commonwealth of Virginia is uniquely equipped to succeed in this sector, with close proximity to the federal government, unparalleled assets in information technology, and higher education institutions that are training the next generation of cybersecurity professionals.
Home to world-class tech leaders and rising star companies, Virginia has the second largest cybersecurity workforce in the country, with about 88,000 cybersecurity workers (Emsi). Virginia’s location is a distinct industry advantage, providing access to the federal government and a large pool of federal contractors. To meet the rising demand for a cybersecurity workforce, nearly 50 of Virginia’s colleges and universities have established cyber degrees and degrees with cyber focus. Virginia is also home to 23 NSA/DHS Centers of Academic Excellence (CAE) in cybersecurity.
Virginia fosters entrepreneurship and is home to the MACH37 Accelerator, an intensive, 90-day program created to launch cyber startups. Mach37 was initially launched and funded by the Commonwealth but is now funded by the private sector. Virginia was the first state in the nation to adopt the Virginia fosters entrepreneurship and is home to the MACH37 Accelerator, an intensive, 90-day program created to launch cyber startups. Mach37 was initially launched and funded by the Commonwealth but is now funded by the private sector. Virginia was the first state in the nation to adopt the National Institute of Standards and Technology (NIST) Cyber Frameworkand also the first state to declare itself an Information Sharing and Assessment Organization (ISAO).
Virginia’s Large and Diverse Tech Ecosystem: Technology businesses relocating or expanding into Virginia join world-class tech leaders like Amazon, Microsoft, Google, and Facebook, as well as companies in emerging sectors such as artificial intelligence/machine learning (AI/ML), FinTech, Manufacturing Tech, and Software-as-a-Service (SaaS).
Virginia offers tech firms access to the highest concentration of tech talent and the third-largest tech industry workforce in the nation, with 315,000 people working in the tech sector and/or tech occupations. Virginia’s Mid-Atlantic location facilitates talent attraction from the entire eastern seaboard and beyond.
Tech companies can hire high-quality tech talent in Virginia at salaries that compare favorably with competing markets. Salaries in Northern Virginia, one of the world’s leading tech hubs, average less than most major tech metros, and salaries for tech talent in other parts of the state are competitive with smaller markets in other states, enabling tech firms to choose the best market, talent mix, and budget for their particular needs.
Strategic Location that Enables Global Connectivity
Virginia’s Mid-Atlantic location offers tech firms proximity to economic centers up and down the East Coast, including critical customer markets like the federal government, Northeast Corridor, and Southeast metro areas.
Would you plan to expand your business network to Virginia?
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Project Manager International Business