Local Economy

Chesterfield has a $20.2 billion local economy characterized by a strong industrial base and a diversified economic structure.

There are more than 10,300 companies operating in Chesterfield. Forty-five internationally-owned companies, representing fourteen countries, have facilities in the county.

Over the past six years, announced investment for new commercial and industrial projects has surpassed $5.16 billion.

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Select Economic Indicators for Chesterfield County, Virginia

  • Civilian labor force (April 2024): 200,645

  • Unemployment rate (April 2024): 2.3%

  • Real Gross Domestic Product (2022): $20.26 billion

  • Taxable retail sales (2023): $5.809 billion
  • Median household income (2022): $100,149
  • Per capita income (2022): $64,035
  • Total number of jobs in the county (December 2023): 147,001
  • Total number of businesses in the county (December 2023): 10,331
  • Total number of new startup firms in the county (2023): 467

Businesses, Jobs and Wages in Chesterfield County

Date# Businesses# JobsAverage Weekly Wage
12/31/202310,331147,001$1,216

Economic Development Announcements Totals by Year

YearInvestment# New EmployeesSquare Footage
2019$274,120,0002,167822,066
2020$90,050,000271200,439
2021$113,250,0005641,559,262
2022$1,472,079,0002,6832,165,800
2023$664,370,0009751,025,493
2024 (YTD)$2,554,850,0005801,610,750
Six Year Totals $5,168,719,0007,2407,383,810

DateCompanyNew or ExpansionInvestment# New EmployeesSquare Footage
February 2024Article Furniture New$48,400,00030437,657
March 2024Blueprint AutomationExpansion$8,150,0002560,000
May 2024TopsoeNew$400,000,00050280,000
May 2024Atlantic ConstructorsNew$20,000,00050155,000
May 2024UPS - 801 Port WalthallNew$21,100,000185139,093
May 2024Chirisa Technology ParksNew$2,000,000,00060139,000
June 2024Condair Group AGNew$57,200,000180400,000
CY2024Totals$2,554,850,0005801,610,750

DateCompanyNew or ExpansionInvestment# New EmployeesSquare Footage
February 2023ISO Group USA - Horti InnovatorsNew$570,0003012,250
March 2023Springline at District 60 (Phase 1 Mixed-Use)New$85,000,000N/A327,000
March 2023OrthoVirginia at Watkins CentreNew$50,000,0005077,000
March 2023The LAKE (Phase 1 Mixed-Use)New$170,000,000N/A52,000
April 2023Weidmüller GroupExpansion$16,400,00013024,000
May 2023Church & Dwight Co., Inc.Expansion$27,000,000530
May 2023Timmons Office Building (Springline)New$50,000,000100150,000
June 2023MedRVA at Ironbridge CommonsNew$15,400,0001218,243
October 2023Courthouse LandingNew$250,000,000600365,000
CY2023Totals$664,370,0009751,025,493

DateCompanyNew or ExpansionInvestment# New EmployeesSquare Footage
January 2022Southeast Connections, LLCNew$1,400,000354,000
January 2022Bon Secours St. Francis Medical CenterExpansion$108,000,000100179,000
January 2022PaymerangExpansion$146,00018613,000
March 2022Verdex TechnologiesNew$1,000,00043,300
March 2022Hidden Wit BreweryNew$4,240,0003611,500
April 2022Schlatterer EsbandNew$112,000100
April 2022BJ’s WholesaleNew$28,500,000175100,000
June 2022The LEGO GroupNew$1,000,000,0001,7611,700,000
September 2022Civica Inc.New$27,800,0005155,000
September 2022Plenty Unlimited, IncNew$300,000,000300100,000
December 2022Coca-Cola ConsolidatedNew$881,000250
CY2022Totals$1,472,079,0002,6832,165,800

DateCompanyNew or ExpansionInvestment# New EmployeesSquare Footage
February 2021Sonoco TridentExpansion$2,000,0001146,000
March 2021Red Rock DevelopmentsNew$20,000,0000353,044
May 2021BissellExpansion$8,200,0000203,840
May 2021Bon Secours (Chester)New$30,000,0004824,000
May 2021Digital Fortress / ChirisaNew$17,800,00020218,270
May 2021AldoraNew$11,500,0004581,000
June 2021Amazon / James River LogisticsNew$3,650,0001000
June 2021DuPont / James River LogisticsNew$600,00000
August 2021Icon Fitness / Nordic TrackNew$2,500,00040405,000
December 2021StarplastNew$17,000,000300228,108
CY2021Totals$113,250,0005641,559,262

DateCompanyNew or ExpansionInvestment# New EmployeesSquare Footage
January 2020DuPontExpansion$75,000,000400
June 2020BlackbriarNew$1,550,00019511,400
July 2020Super Radiator CoilsExpansion$9,000,0003656,000
October 2020Devon USANew$4,500,0000133,039
CY2020Totals$90,050,000271200,439

DateCompanyNew or ExpansionInvestment# New EmployeesSquare Footage
March 2019The Results CompanyNew$1,500,00060026,866
March 2019IMPREG GroupNew$2,000,0003545,000
April 2019ERNI ElectronicsNew$25,000,00010580,000
April 2019Coesia - G. D USA, Inc.Expansion$3,750,0002620,000
May 2019Petal CardNew$300,000808,000
June 2019Shamin HotelsNew$125,000,0006000
October 2019ProductivNew$1,000,00050105,000
October 2019CartografNew$65,300,00063275,000
November 2019RALExpansion$800,00004,500
November 2019Super Radiator CoilsExpansion$470,00080
December 2019CarvanaNew$25,000,000400191,000
December 2019Texas RoadhouseNew$5,000,0001006,700
December 2019Virginia Physicians for WomenNew$19,000,00010060,000
CY 2019Totals$274,120,0002,167822,066
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