WHO WE ARE The Virginia Economic Development Partnership (VEDP) is the state economic development authority for the Commonwealth of Virginia. Created in 1995, VEDP collaborates with local, regional, and state partners to encourage the expansion and diversification of Virginia’s economy. VEDP works to accomplish these objectives through a variety of activities, including marketing and lead generation; business retention, expansion, and attraction; trade development; business intelligence; competitive benchmarking; site development; performance-based incentives; and talent solutions. Working closely with partners, VEDP has adopted five transformational goals for Virginia and VEDP that represent the central focus of its work: 1. Robust State Growth. Position Virginia to achieve a growth rate in employment and median earned income among that of the top 5-10 states in the U.S. 2. Every Region Wins. Ensure that every region participates in the growth of the Commonwealth (i.e., all with positive growth in employment and median earned income). 3. Best State for Business. Restore Virginia to its previous position near the top of the national business climate rankings (i.e., average rank among the top 3-5 states). 4. Top State EDO. Reestablish and sustain VEDP as one of America’s most effective state economic development organizations. 5. Super Collaborator. Exhibit collaboration and coordination as hallmarks of VEDP (i.e., place a central focus on the “P” in VEDP).
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