City of Charlottesville
The City of Charlottesville is home to a diverse economy, including business and financial services, bioscience, health services, and technology firms. Businesses benefit from Charlottesville’s strategic location, excellent road, rail and air transportation, a highly educated workforce, the University of Virginia, and exceptional quality of life in a small metro setting with natural beauty and outdoor recreation. Charlottesville was ranked a top 10 Best Cities for Work 2026 by Indeed.com.

Charlottesville Downtown Pedestrian Mall
Fast Facts
3.1% Unemployment Rate |
180,249 Population within 30 minutes |
$75,344 Average Annual Wages |
65.0% Population with bachelor’s degree or higher |
City of Charlottesville Advantages
- Charlottesville is home to the University of Virginia and is poised to unite the University’s intellectual firepower with Charlottesville’s highly educated workforce, leading to unique opportunities for businesses in the area. The University’s innovative research and entrepreneurial support encourage Charlottesville businesses’ diversity and success.

CFA Institute
- Charlottesville has multiple access points to Interstate 64, offering businesses easy access to I-95 and I-81; US Routes 29 and 250 also run through Charlottesville.
- Charlottesville is home to one of the longest and most successful pedestrian malls in the nation, which is located in the beautiful and historic downtown area. In 2026, the Downtown Mall is celebrating its 50th Anniversary.
- Charlottesville has been voted Best Place to Live in America, Top 15 Happiest Cities in the U.S., and a Top 10 Best Small College Town!
- The entire Charlottesville footprint has a Technology Zone designation, allowing the city to offer incentives to technology companies looking to do business here.
Target Industries
- Biosciences & Medical Devices
- Business & Financial Services
- Defense & National Security
- Information Technology
Charlottesville Fact Sheet

Contact Information:
Chris Engel, Director of Economic Development
Phone: (434) 970-3110
E-mail: engel@charlottesville.gov
Website: Charlottesville Office of Economic Development
Address:
610 East Market Street
Charlottesville, VA 22902