Company Overview

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. VEDP has offices in Virginia, Germany, Japan, and South Korea.

By statute, VEDP creates economic opportunity for the Commonwealth through eight core categories of responsibility:
 

  • Ensure that effective marketing programs are delivered
  • Engage in business development activities
  • Engage in product development activities
  • Encourage coordination of economic development organizations
  • Encourage exports of Virginia’s products and services
  • Assist in formulating Virginia’s economic development strategies
  • Administer economic development incentive programs
  • Fulfill administrative and reporting responsibilities

With dedicated and knowledgeable professionals committed to Virginia’s economic success, VEDP helps businesses find the resources they need to make relocation and expansion successful endeavors.


Employment

For two decades, the Virginia Economic Development Partnership has served as Virginia’s economic development authority. Like the Commonwealth it serves, VEDP has long been regarded as among the best in the country because of its stable leadership and nimble, creative, mission-focused operations. It is a nonpartisan, quasi-independent state authority governed by a board of directors that spans gubernatorial administrations. VEDP is a certified Virginia Values Veterans (V3) Program employer with ongoing plans to recruit, hire, and retain veterans.

 

Why Virginia

Virginia is America's Top State for Business

These companies found what they were looking for in Virginia. Hear from their leaders to see why a Virginia location offers a foundation for success.

Talent Advantage
Virginia’s premier talent base makes for a world-class labor pool ready to meet business needs in all key employee profiles. Across industries, Virginia’s workforce is one of the most productive and educated populations in the country – 38% of the population has a bachelor’s degree or higher, making the Commonwealth the sixth most educated state in the country (and first in the South).

Virginia continues to raise the bar when it comes to talent development. Programs such as the Virginia Talent Accelerator Program and the Tech Talent Investment Program make sure Virginians are prepared for the jobs of today and the future.

A Variety of Key Industries
Virginia’s industries are as diverse as its geography. Home to the largest data center market in the U.S., a varied manufacturing base, and the highest concentration of tech workers in the country, Virginia serves key national and global markets from a central East Coast location.

Unparallelled Livability
From beaches to mountains, cities to small towns, there are so many reasons to love living here. Virginia is for Lovers after all.

Virginia’s diversity and natural beauty are simply unparalleled. With access to a variety of outdoor amenities both in cities and picturesque small towns as well as thriving urban centers alive with arts and culture, Virginians throughout the Commonwealth have a vibrant quality of life.

Advantageous Location and Infrastructure
Virginia’s central East Coast location and advanced infrastructure enable companies to get products to market quickly.

Strategically located on the U.S. East Coast and adjacent to Washington, D.C., Virginia’s integrated transportation system of highways, railroads, airports, and seaports provide logistical advantages for companies in every industry.

Business Climate Advantage
The northernmost right-to-work state on the East Coast, Virginia is consistently ranked as a top state for business in the U.S.

Ranked as America’s Top State for Business by CNBC, Virginia offers the right environment for business success. Since 1972, the Commonwealth has had a stable 6% corporate income tax, lower than the national median of 6.5%. Virginia has also maintained a AAA rating since 1938, longer than any other state.

Company Summary
Name
The Virginia Economic Development Partnership
Number of Employees
51-200
Website
Phone
(888) 575-9675
Location
600 Summer Street
#5th Floor
Stamford, CT
06901