Foreign direct investment (FDI) is a foundational component of the U.S. economy, and Virginia is home to more than 1,000 foreign-owned companies that employ more than 200,000 people. In this issue of Virginia Economic Review, we explore the economic value FDI brings to countries, states, regions, and localities while detailing Virginia’s advantages and resources for international companies and resources for companies looking to invest in the United States. Read the issue here: https://hubs.ly/Q02rhChk0
Virginia Economic Development Partnership
Government Administration
Richmond, Virginia 20,155 followers
VEDP serves expanding & new businesses through assistance for site selection, workforce solutions & int’l trade services
About us
The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve existing and new companies, to expand, locate, or increase trade opportunities, by providing confidential site selection, workforce solutions, and international trade services. Site Selection and Business Development: The team at VEDP understands the complicated demands of the site selection process and offer years of experience to help make your site selection project for new and expanding businesses 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. VEDP's Division of International Trade and Investment: The division works with existing Virginia companies interested in pursuing, or increasing, foreign sales opportunities, and international companies seeking a prime business location to expand or relocate their operations.
- Website
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http://www.vedp.org
External link for Virginia Economic Development Partnership
- Industry
- Government Administration
- Company size
- 51-200 employees
- Headquarters
- Richmond, Virginia
- Type
- Government Agency
- Founded
- 1995
- Specialties
- Economic Development, Site Selection, Business Development, Corporate Relocation, Corporate Expansion, Business Relocation, Business Expansion, International Trade, and Export Services
Locations
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Primary
901 E Cary St
Richmond, Virginia 23219, US
Employees at Virginia Economic Development Partnership
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Jason El Koubi
CEO at Virginia Economic Development Partnership | leader of state economic development strategy and operations
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Troy Durrer
Lead Developer at Virginia Economic Development Partnership
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Keith Oing
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Gregory Burkart
Experienced Site Selection & Economic Development Professional
Updates
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Is visiting Richmond, Virginia on your summer bucket list? CNN recently named Richmond America's Best Towns to Visit in 2024. Richmond earns high scores for its top-notch museums, dynamic neighborhoods, and a diverse, chef-driven food and beverage scene! https://hubs.ly/Q02F2hK10
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Happy Independence Day! Virginia’s historical sites and trails offer an opportunity to reflect on the eventful past and contextualize major historical events. Read on for an overview of Virginia’s role in the growth of the United States: https://hubs.ly/Q02F1HlZ0
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Strategic investments in workforce training, site development, and infrastructure are driving growth in the Commonwealth. Discover how Virginia is committed to helping companies find their adVAntage: https://hubs.ly/Q02F1W-40
Virginia Is Keeping Pace
businessfacilities.com
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Virginia is committed to increase its project-ready sites portfolio through the Virginia Business Ready Sites Program. The program’s goal is to identify, assess, and improve the readiness of industrial sites to attract new businesses and accelerate expansion throughout the Commonwealth. Learn more about the program here: https://hubs.ly/Q02F0CkM0
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Did you hear the news? Virginia is once again ranked No. 1 in the United States for Customized Workforce Training in the 2024 Business Facilities magazine. State Rankings Report! The Virginia Talent Accelerator Program supports a business from the moment it chooses to invest in the Commonwealth through customizable recruitment and training services at no cost to the company. This innovative, high-quality service has played a significant role in creating more than 13,000 jobs since 2019 and is a top reason why companies such as the LEGO Group, Northrop Grumman, and PGT Innovations choose Virginia. Learn more about the award here: https://hubs.ly/Q02DcVY30
20th Annual State Rankings: Texas, Virginia, California Are Leaders
businessfacilities.com
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Companies from around the globe choose Virginia for its natural beauty. With access to a variety of outdoor amenities as well as thriving urban centers alive with arts and culture, Virginians throughout the Commonwealth have a vibrant quality of life. #SelectUSASummit
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Across the Potomac River from Washington, D.C. and its policymakers, Virginia is serviced by 16 commercial airports that collectively provide nonstop flights to more than 100 domestic destinations and 50 international destinations, and The Port of Virginia is the third-largest port on the East Coast and was cited by World Distribution Services as the most technologically advanced port in North America. https://hubs.ly/Q02BZXw-0 #SelectUSASummt
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Given the importance of foreign direct investment to Virginia’s economy, VEDP operates four offices overseas to strengthen business relationships between Virginia and foreign companies, including mutual trade and investment initiatives. The newest of those offices opened in September 2023 in Taiwan; the others are in Europe (based in Germany), Japan, and South Korea. VEDP’s international offices support company executives regarding the site selection process in the United States — confidentially and free of charge.
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Liebherr Mining, an international leader in the production of industrial mining equipment, will invest $72.3 million in a plant expansion in the City of Newport News and the City of Hampton. The project will expand manufacturing capabilities and create 175 new jobs. https://hubs.ly/Q02DjYqd0
International Mining Equipment Manufacturer Liebherr Mining Equipment to Expand in Virginia