In 1995, the Virginia General Assembly created the Virginia Economic Development Partnership (VEDP) to
better serve those seeking a prime business location and increased trade opportunities
and, therefore, to foster increased expansion of the Commonwealth's economy. As
a state authority, the Partnership is governed by a 25 member Board Of Directors comprised of businesspersons from around Virginia, each of whom
is appointed by the Governor and the General Assembly.
Our President & Chief Executive Officer is employed by the Board
to oversee the fulfillment of our mission:
"To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities."
To fulfill this mission, we focus on cultivating new business investment, fostering international trade growth and encouraging the expansion of existing Virginia businesses.
Please click here to download a PDF copy of the Partnership's Organizational Chart.
Pleaseclick here to download a PDF copy of the Partnership's by-laws.
The team at the Virginia Economic Development Partnership understands the complicated demands of the site selection process and offer years of experience to help make your site selection project run smoothly. The Partnership consists of several divisions whose combined expertise confidentially provides the resources you need to make the most informed location decision with the least amount of your time and effort.
Your partnership with Virginia begins with the assignment of a Business Attraction or Business Expansion
Manager who will guide you through the process and will be your liaison with Virginia. Our managers provide a variety of services to help you with the site selection process. After an initial conversation to better understand your needs, they will prepare a summary of the most current market, economic, and demographic information. They will also supply individually tailored research of suitable land and buildings, labor availability, and other issues. They can then coordinate site visits to help you decide which of these locations is best suited to your business needs. Your manager will also work with local utility companies and other business development partners to ensure your requirements will be met there too. If necessary, they will coordinate with other government agencies, helping you with such matters as meeting environmental regulations or designing workforce training programs. Plus, the Partnership employs experts in Business Development Finance, Technical Services and Research to help your project team further streamline the selection process.
The VEDP also has an International Trade Team dedicated to assisting Virginia businesses expand export opportunities overseas. This team of experienced Managers works diligently to increase the number of Virginia companies selling overseas and their volume of international business, year after year. The team assists both new and experienced exporters enter new international markets. Working with you, the team will help identify potential new markets, develop market entry strategies and locate possible distributors and representatives for products or services. Virginia businesses interested in increasing international sales and growing market share can benefit from a number of our export development programs including the VALET program, international trade missions, access to global networks, and the STEP program. The International Trade team also offers helpful publications, resources, and market research.