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Virginians provide a vast array of services and manufactured goods to customers
throughout the world. Our manufacturing base continues to be strong, producing
everything from steel beams, wood flooring and trucks to semiconductors, robots
and rocket engines. As the birthplace of the Internet and one of the leading centers
of software development, Virginia's high-technology economy continues to expand.
And as one of four U.S. states currently licensed and capable of launching communications
satellites and other commercial payloads into space, Virginia has all the right
assets to continue our economic leadership throughout the 21st century.
- More than 15,700 high-tech establishments operate in Virginia.
- At least 60 firms with annual revenue over $500 million are headquartered
in Virginia.
- Virginia is headquarters to 32 Fortune
1000 firms.
- More than 800 internationally-owned businesses from 45 countries are located in the Commonwealth.
- Virginia ranks third among the 50 states as a recipient of federal R&D
funds.
- In terms of productivity, Virginia is number one amongst the states in the Southeastern Region.
- Virginia ranks among the top 10 states best positioned for robust growth and innovation over the next decade, in terms of being knowledge-based, globalized, entrepreneurial, IT-driven, and innovation-based, according to the "2008 State New Economy Index” published by the Information Technology and Innovation Foundation and the Ewing Marion Kauffman Foundation.
- Virginia exported $18.93 billion of merchandise in 2008.
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