Industry Brief: INFORMATION TECHNOLOGY

2,600+ 28,400+ $17.21B 1,300+ ESTABLISHMENTS EMPLOYEES DEMAND GRADUATES

Cost-Quality Assessment: In the Information Technology sector, Hampton Software Development Roads, Virginia is positioned with a sound Atlanta, GA combination of above average labor quality and competitive operating costs. Specifically, the 7.5 Baltimore, MD region offers a competitive advantage with a Toronto number of assets for businesses in the software 7.0 development sub-sector. Research Triangle

Hampton Roads, VA

Major Competitive Strengths 6.5 Jacksonville, FL • Established IT cluster Charlottesville, VA • Experienced pool of exiting military personnel

• Strong student base 10) (0 to 6.0 New Orleans, LA

• Competitive operating cost Score Qualitative Charleston, SC • Strong data and IP protection 5.5

130 110 90 70 PV of Operating Cost (index, average = 100)

Hampton Roads Economic Development Alliance www.hreda.com Virginia Beach-Norfolk-Newport News Metropolitan Statistical Area February 2019 TALENT & WORKFORCE Each year, more than 14,000 military personnel exit the Virginia holds the 2nd services in Virginia, 58% highest concentration of Virginia’s exiting of high-tech workers 8,200 military choose to live of which, establish in Hampton Roads residency in Hampton Roads within the U.S. and 530 are within IT-related fields. # WAGES Computer and Info Research Scientists Hampton Roads offers significant hourly cost savings across many IT and software development occupations. boasts a regional LQ of 2.32, more than twice as concentrated as the REGIONAL HOURLY WAGES AND COST SAVINGS national average. Software Developers, Systems Software $49.05

VIRGINIA MEDIAN, $54.53 — $5.48/HR SAVINGS The following industries grew by 17% in 2011-2016 and are forecasted to grow Software Developers, Applications an additional 10% by 2021. $44.43 • Software Publishing VIRGINIA MEDIAN, $48.77 — $4.34/HR SAVINGS • Data Processing and Hosting • Specialized Design Services Information Security Analysts • Computer Systems Designs • Scientific Research and Development Services $38.30 • Other Scientific and Technical Services VIRGINIA MEDIAN, $48.59 — $10.29/HR SAVINGS • Management, Scientific and Technical Consulting

Computer Network Architects $39.67

VIRGINIA MEDIAN, $52.39 — $12.72/HR SAVINGS

• ADP, Inc. Web Developers • Booz Allen Hamilton $29.64 • CACI VIRGINIA MEDIAN, $35.98 — $6.34/HR SAVINGS • DOMA Technologies • General Dynamics Computer and Information Research Scientists • Lockheed Martin $48.30

• Northrup Grumman VIRGINIA MEDIAN, $57.00 — $8.70/HR SAVINGS • Raytheon Computer Occupations, All Other • SAIC $41.30 • Serco, Inc. VIRGINIA MEDIAN, $46.04 — $4.76/HR SAVINGS

KEY EMPLOYERS • Sera-Brynn EDUCATION & RESEARCH OLD DOMINION UNIVERSITY • Center for Cybersecurity Education and Research promotes cybersecurity awareness and forensics. Colleges & Universities • Cybersecurity & Military Laboratory pursues ongoing 12 research projects including cloud computing, software networking and cyber resilience metrics. Trade & Technical Institutions • Virginia Modeling, Analysis and Simulation Center (VMASC) 21 is ODU’s modeling and simulation research center, founded in 1997 at the request of the Department of Defense. Annual Graduates in 1,300+ Computer and Info Sciences NORFOLK STATE UNIVERSITY • Leading a $25MM initiative to enhance cybersecurity workforce. • Big Data Information Security Laboratory is a state-of-the-art facility designed for teaching and research in network security, 91% 55% cloud computing and big data. Population with 2017 Graduates who • Cybersecurity Internship Program allows interns to work on a a High School Obtained a Bachelor’s variety of topics including big data mining, intrusion detection, Diploma or Higher Degree or Higher and modeling and simulation.

ECPI UNIVERSITY • With four locations across Hampton Roads, ECPI offers a wide variety of Information Technology programs for both OPERATING ENVIRONMENT & COST Bachelors and Masters degrees. With a corporate income tax rate of only 6% that has not • Programs include Cloud Computing, Cyber & Network increased since 1972, streamlined permitting processes, a Security, Mobile Development, Software Development and right-to-work law and minimal union activity, Virginia hosts a Web Design & Development. stable and inviting operating environment.

COMPETITIVE PRICES FOR OFFICE SPACE Top State Most Innovative $33.00 for Business State in America $24.52 $21.52 #4 CNBC, 2018 #7 WalletHub, 2018 $16.80 U.S. AVERAGE HAMPTON U.S. AVERAGE Highest Share of Science and ROADS, VA HAMPTON ROADS, VA Engineering Grads Age 25+ in the U.S. # WalletHub, 2018 1st Class A Rent per SF 1st Class B Rent per SF 5

INDUSTRY SPOTLIGHT

Located in Suffolk, Sera Brynn has grown into the highest-ranked, pure-play cybersecurity compliance and advisory firm in the world. Founded in 2011 by former members of the U.S. intelligence community, Sera Brynn assists business and defense contractors in complying with security regulation, implementing compliance frameworks and assessing and mitigating cyber risks. With decades of experience, their expert team is made up of security engineers, computer forensics examiners, security consultants, certified compliance auditors, security researchers and trainers. Access to military-connected cyber talent, exceptional quality-of-life, and proximity to Washington D.C. were among the many advantages that led to Sera Brynn’s decision to locate in Hampton Roads, Virginia. Boston

Detroit New York Chicago

Philadelphia Newport News Poquoson Washington D.C. Indianapolis Hampton

Isle of Wight Norfolk

Portsmouth Virginia Southampton Beach

Suolk Chesapeake Franklin Charlotte

Atlanta LOCATION The Hampton Roads region is a tightly integrated, diverse collection of 11 localities, all of which help to provide a wealth of benefits for businesses and organizations of every variety. Our communities are connected by a convenient and accessible transportation network which allows multiple methods for Orlando moving goods and services between national and international markets. In fact, 47% of all United States consumers are within a one day drive of the region and our daily flights from two airports provide easy connections to all major international gateways.

OUR SERVICES The Hampton Roads Economic Development Alliance is dedicated to assisting you with your business relocation or expansion needs across our 11 localities.

The decision to invest in a new or expanded operation is never taken lightly. Our goal is to match the business needs required for your company to be successful with the assets found in Hampton Roads, Virginia. Our objective is to facilitate the evaluation process and provide powerful tools that save you time and money as you seek to locate your new business operations in the Hampton Roads region. Connect with us today.

500 Main St, Suite 1300 • Norfolk, VA 23510 • USA +1-757- 627-2315 [email protected]

economic development alliance www.hreda.com @HamptonRoadsEDA