Norfolk, Virginia is home to the world’s largest naval base, Naval Station Norfolk, which significantly influences the local economy. The military presence supports a wide range of jobs, from military personnel to civilian contractors and service providers. The Port of Virginia, with major facilities in Norfolk, is a key economic driver for the region. It serves as a major gateway for international trade, supporting jobs in shipping, logistics, and transportation.

Norfolk has a strong shipbuilding and maritime industry. Companies such as Huntington Ingalls Industries operate shipyards in the area, contributing to job creation in manufacturing, engineering, and related fields. The Hampton Roads region, including Norfolk, has seen efforts to develop a thriving technology and innovation ecosystem. Initiatives to support startups and technology-driven businesses contribute to job creation in the tech industry.

Norfolk is home to major healthcare institutions, including Sentara Norfolk General Hospital. Additionally, Old Dominion University is a significant contributor to the local economy, providing education and supporting research activities. Norfolk has shown interest in renewable energy projects, including offshore wind energy initiatives. These efforts contribute to sustainability and may create jobs in the green energy sector.