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Virginia has an economy with several sectors, including agricultural production, military bases in the Hampton Roads, and federal agencies, such as The Pentagon, in Northern Virginia. The Historic Triangle includes the popular heritage tourism destinations of Jamestown, Yorktown and the living museum of Colonial Williamsburg. The growth of the technology sector has made computer chips the state's leading export, with the industry based on the strength of Virginia's public schools and universities. University sports are followed by many across the state. Areas where the state has lagged behind include environmental protection.

Blacksburg is an incorporated town located in Montgomery County, Virginia, United States, with a population of 39,573 at the 2000 census. Blacksburg, Christiansburg, and Radford are the three principal jurisdictions of the Blacksburg-Christiansburg-Radford Metropolitan Statistical Area which encompasses those jurisdictions and all of Montgomery, Pulaski, and Giles counties for statistical purposes. The MSA has an estimated population of 157,614 and is currently one of the faster growing MSAs in Virginia. Blacksburg is dominated economically and demographically by the presence of Virginia Polytechnic Institute and State University (better known as Virginia Tech), a Virginia land-grant university.