The Virginia Economic Development Partnership | Diversity Employer
About
The Virginia Economic Development Partnership (VEDP) was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support development and expansion of the Commonwealth’s economy. To accomplish these objectives, the Partnership focuses on business recruitment, expansion, and international trade. 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?
America’s Top State for Talent
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).
Ranked No. 1 in America for both talent and education by CNBC, 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.
Unparalleled 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
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.
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