Petersburg Economic Development

We’re Open For Business!

Welcome to Petersburg,Virginia

Petersburg, Virginia is a welcoming, independent city focused on economic growth, and community transformation while promoting strong partnerships. The city boasts an expanding business sector, a solid financial base, a charming historic downtown, and support from the Commonwealth of Virginia. Petersburg is quickly becoming a top place to live, work, and raise a family in Virginia and beyond.

An Energetic & Thriving Business Community

By locating your business here, you’ll be part of a community experiencing positive changes in its economy and social fabric. Explore Petersburg and see why it’s an excellent choice for success.

Welcome to Petersburg

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Get to Know Petersburg

Petersburg, Virginia is a welcoming, independent city focused on economic growth, and community transformation while promoting strong partnerships. The city boasts an expanding business sector, a solid financial base, a charming historic downtown, and support from the Commonwealth of Virginia. Petersburg is quickly becoming a top place to live, work, and raise a family in Virginia and beyond.

East Coast

Location

Petersburg is situated at the intersection of major interstates I-95 and I-85, as well as highways Routes 1, 460, and 301. With over 150,000 vehicles passing through daily and 45,000 weekly city travelers, its strategic location offers one-day access to more than half of the U.S. population.

13.9%+

Population Growth

The Petersburg region’s population has increased by 13.9% since 2017 and is projected to increase by 17.6% between 2022 and 2027.

$63.1K

Income

The average income for residents in the Petersburg region is $63.1K annually, which is consistent with most medium-sized cities that are not included in large metropolitan areas.

Partnership Report Card (pdf)

Centrally Located on the East Coast.

Petersburg is at the juncture of two major north-south interstate highways, I-95 and I-85. Routes 1, 460, and 301 also intersect Petersburg. Over 150,000 vehicles travel through Petersburg each day on the interstate. This strategic location provides easy, one-day access to over half of the nation’s population.

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Petersburg is thriving with fresh energy! Governor Youngkin and his team are steadfast in delivering essential resources to our city, fueling growth and prosperity for businesses and residents. Now is the time to capitalize on the wealth of opportunities Petersburg has to offer!
Samuel Parham, Mayor of Petersburg
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