Business and Economy in Abingdon, VA
Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Abingdon, VA, is $39,405, and check out the following articles to get an inside look at its key industries and job opportunities.
Area has produced several successful businesses and includes an industrial park with room for more companies.
Interstate, airport get upgrades
Several Damascus companies claim annual business challenge prize
Glade Spring manufacturer keeps growing
Washington County’s agriculture industry is bolstered by both large and small farms
Business Plan Challenge, Noon Knowledge are top programs
Annual contest leads to new companies, expansions.
Diversity in retail, technology sectors help Washington County's economy surge forward.
The Abingdon, VA area has two industrial parks that have graded shovel-ready sites for industries looking to make the investment.
A proactive development plan has helped the region to attract and keep a variety of companies.
While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Abingdon’s economy.
Employment Rate in Washington County, VA
Occupations in Abingdon, VA
Employment in Abingdon, VA
|Employment Armed Forces||0.3%|
|Employment Civilian Labor Force||56.1%|
|Employment Not in Labor Force||43.5%|
|Employment Total in Labor Force||56.5%|
Industry in Abingdon, VA
|Agriculture, Forestry, Fishing and Hunting and Mining||1.3%|
|Transportation and Warehousing, and Utilities||2.5%|
|Finance and Insurance, and Real Estate and Rental and Leasing||4.6%|
|Professional, Scientific and Management and Administrative and Waste||14.6%|
|Educational Services and Health Care and Social Assistance||21.1%|
|Arts, Entertainment and recreation and Accommodation and food Services||10.5%|
|Other Services, Except Public Administration||6.3%|