City of Virginia Beach

City of Virginia Beach

City government delivering public services

Overview

The City of Virginia Beach provides local government services to residents and businesses through a council-manager system, including public safety, utilities, infrastructure, and education. It funds operations with a mix of program and general revenues, with real estate taxes as the largest source and significant support from sales, meals, and lodging taxes driven by tourism. The city supports economic growth by attracting tourism, defense, healthcare, advanced manufacturing, and technology, and hosts assets like Naval Air Station Oceana, STIHL North America headquarters, LifeNet Health, and subsea fiber connections. Its goal is to maintain a high quality of life for residents while growing a diverse economy that creates jobs and steady tax revenue to fund services.

About City of Virginia Beach

Simplify's Rating
Why City of Virginia Beach is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Government & Public Sector

Defense

Healthcare

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Virginia Beach, Virginia

Founded

1963

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Simplify's Take

What believers are saying

  • The $355 million VA outpatient clinic opens in 2029, adding 600 jobs.
  • Super Girl Festival ran September 5-7, 2026, boosting oceanfront spending and hotel occupancy.
  • Fitch affirmed VBDA bonds AA+ in August 2026, lowering financing costs for projects.

What critics are saying

  • Lynnhaven flood-barrier opposition and a $13.5 million study delay construction beyond 2027.
  • Sea-level rise keeps expanding tidal flooding, threatening oceanfront taxes and infrastructure over the 2030s.
  • NAS Oceana noise and accident zones block dense housing and people-intensive commercial development.

What makes City of Virginia Beach unique

  • Virginia Beach holds Fitch AAA for city GO debt and Stable outlook, August 2026.
  • Globalinx added four subsea cable landings, sharpening Virginia Beach's digital-port advantage.
  • The city runs a $567.5 million flood-protection program, paired with 14.3 million 2024 visitors.

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Benefits

Health Insurance

Paid Holidays

Parental Leave

Training Programs

Professional Development Budget

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