Greetings From The Director

Thank you for this opportunity to service your informational needs through the web site for the Department of Economic Development. As you maneuver through the various links, I trust the data and material satisfy your inquiry.

The City of Portsmouth is experiencing an exciting period of renaissance and development. The combined efforts of the Economic Development Department along with our development partners to include the Economic Development Authority, the Portsmouth Redevelopment and Housing Authority, The Portsmouth Partnership and others have culminated in successful new business development. Projects such as the new private cargo terminal to be owned and operated by APM Terminals Virginia, Inc. (Maersk/Sealand) will result in a $450 million investment in the City and represents the 8th largest project announcement in the history of the Commonwealth.

Under the guidance and leadership of the City Council and the City Manager, the department continues its work to cultivate new business activity and to support the expansion and retention of existing businesses in the City. These efforts will result in a stronger City fiscally and an improved quality of life for the citizens.

I would invite you to contact myself or a member of the Economic Development team if further assistance is needed. I would encourage you to consider the City of Portsmouth, Virginia as a future location for your business' headquarters or regional office. Thank you again for this opportunity to serve you.
Sincerely,

Steven L. Lynch
Director of Economic Development

Economic Development Department Vision Statement:

“The Portsmouth Department of Economic Development will foster an environment that creates a superior quality of life for its corporate citizens and residents by being receptive and responsive to the changing landscape of the local community and global economy.”