Economic Activity

>>Economic Activity
Economic Activity2018-09-18T10:37:39+00:00

Local Economy

The local economy is characterized by a strong industrial base and diversified economic structure.

Forty-five internationally-owned companies, representing fourteen countries, have operations in Chesterfield.

New commercial and industrial announced investment in Chesterfield has totaled more than $100 million to date in 2018.

Selected Economic Indicators for Chesterfield County

  • Civilian labor force (2017): 183,860
  • Unemployment rate (2017): 3.6%
  • Taxable retail sales (2017): $4.39 billion
  • Median household income (2016): $76,059
  • Total number of jobs in county (2017): 135,801
  • Total number of businesses in county (2017): 8,828
  • Total number of new startup firms in county (2017): 343

Economic Development Investment Announcements by Year

wdt_ID Year Investment (millions) # New Employees Square Footage
16 2013 218,890,000 561 1,411,711
17 2014 2,137,900,032 3,275 1,630,650
18 2015 60,150,000 710 375,022
19 2016 143,240,000 666 693,975
20 2017 99,974,000 452 479,413
21 2018 100,299,000 341 1,161,625

 

Economic Impact of Travel in Chesterfield County

  • Expenditures: $503,645,415
  • Jobs: 4,970
  • Payroll: $99,063,786
  • State Tax Receipts: $19,760,004
  • Local Tax Receipts: $11,241,585

Travel-related spending was up 5.2% in 2017 over 2016
Source: U.S. Travel Association for 2017

 

Economic Impact of Sports Tourism in Chesterfield County

  • Economic Impact: $41,020,726
  • Visitors: 71,851
  • Hotel Room Nights: 41,815
  • Total Tax Revenue: $1,530,073
  • Regional Economic Impart (from Chesterfield events): $84,170,112

Source: Chesterfield Parks & Recreation for FY2017-18