Virginia

Sectors it is courting

• Automotive
• Aerospace and Defense
• Chemicals
• Food and Beverage
• Energy
• Industrial Materials
• Information and Communication Technology
• Marine Technology
• Agribusiness
• Distribution and Logistics
• Consumer Goods

Investment it is seeking from

• Germany
• United Kingdom
• Japan
• France
• Italy
• Netherlands
• South Korea
• Spain
• Switzerland
• Sweden
• Taiwan

Supply-chain projects it is looking for

Active Pharmaceutical Ingredients (APIs), Biotechnology, Critical Minerals and Materials, Electric Vehicles (EVs), Large Capacity Batteries, Medical Devices, Semiconductor Manufacturing and Advanced Packaging

Site-selection services it offers

The Virginia Economic Development Partnership creates and maintains a number of diverse data resource tools which provide up-to-date information needed to make an informed site location decision. Our office provides information on available sites, buildings, state-by-state comparisons, and creates regional profiles to facilitate a soft landing for potential foreign investors. 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.

Incentive programmes

• Grant

  Virginia’s incentive programs reduce the costs of opening or expanding a business facility, and we work enthusiastically to assist employers who choose to put down roots and grow in the Commonwealth. The state views incentives as an investment in Virginia’s economic future and a business opportunity for both the Commonwealth and the company. Link to Virginia's incentive guide: [https://www.vedp.org/sites/default/files/incentives/Guide%20to%20Incentives_Marketing%20Version.pdf][https://www.vedp.org/sites/default/files/incentives/Guide%20to%20Incentives_Marketing%20Version.pdf]

• Tax Credit

  Virginia’s incentive programs reduce the costs of opening or expanding a business facility. Virginia works enthusiastically to assist employers who choose to put down roots and grow in the Commonwealth. The state views incentives as an investment in Virginia’s economic future and a business opportunity for both the Commonwealth and the company. Link to Virginia's incentive guide: [https://www.vedp.org/sites/default/files/incentives/Guide%20to%20Incentives_Marketing%20Version.pdf][https://www.vedp.org/sites/default/files/incentives/Guide%20to%20Incentives_Marketing%20Version.pdf]

• Tax Exemption

  Virginia’s incentive programs reduce the costs of opening or expanding a business facility. Virginia works enthusiastically to assist employers who choose to put down roots and grow in the Commonwealth. The state views incentives as an investment in Virginia’s economic future and a business opportunity for both the Commonwealth and the company. Link to Virginia's incentive guide: [https://www.vedp.org/sites/default/files/incentives/Guide%20to%20Incentives_Marketing%20Version.pdf][https://www.vedp.org/sites/default/files/incentives/Guide%20to%20Incentives_Marketing%20Version.pdf]

• Tax Refund or Rebate

  Virginia’s incentive programs reduce the costs of opening or expanding a business facility. Virginia works enthusiastically to assist employers who choose to put down roots and grow in the Commonwealth. The state views incentives as an investment in Virginia’s economic future and a business opportunity for both the Commonwealth and the company. Link to Virginia's incentive guide: [https://www.vedp.org/sites/default/files/incentives/Guide%20to%20Incentives_Marketing%20Version.pdf][https://www.vedp.org/sites/default/files/incentives/Guide%20to%20Incentives_Marketing%20Version.pdf]

• Loan/Loan Participation

  Virginia’s incentive programs reduce the costs of opening or expanding a business facility. Virginia works enthusiastically to assist employers who choose to put down roots and grow in the Commonwealth. The state views incentives as an investment in Virginia’s economic future and a business opportunity for both the Commonwealth and the company. Link to Virginia's incentive guide: [https://www.vedp.org/sites/default/files/incentives/Guide%20to%20Incentives_Marketing%20Version.pdf][https://www.vedp.org/sites/default/files/incentives/Guide%20to%20Incentives_Marketing%20Version.pdf]

Shovel-ready sites

• With 450+ fully-characterized sites of 25 acres or larger, dozens of certified sites, and a growing inventory of spec buildings and virtual buildings, Virginia offers a wide array of real estate options.

  Site details

Technology-sector sub-sectors sought

AgTech (including FoodTech), CleanTech, FinTech, ICT (including Software / Cybersecurity / AI)

Incubators and accelerators

• Virginia Bio+Tech

  Since 1995, over 150 companies have started in the VA Bio+Tech Center, the Park’s life sciences incubator. The Bio+Tech Center, located in Virginia's capital Richmond, is equipped with 10 wet laboratory/office suites, a shared lab, and 22 private, furnished offices for companies not needing a wet lab.

• The Virginia Offshore Wind Landing

  The Landing is a collaborative space where companies interested in establishing a presence close to the Port of Virginia can become part of the region’s maritime network and growing offshore wind industry. It provides a platform for companies to work, connect, and access resources.

University and workforce programmes

• Virginia Talent Accelerator Program

  The Virginia Talent Accelerator Program accelerates facility start-ups and expansions by expediting recruiting and shortening the new-hire learning curve. Program benefits are delivered as customized services provided at no charge to eligible companies as an incentive for job creation.

• Arlington Economic Development Gazelle Grant

  The Arlington County Board authorized 1 million dollars for a performance-based incentive program focused on recruiting early-stage tech and tech catalyst companies to Arlington, known as the Gazelle Grant program. Awards target companies with high potential to achieve rapid growth and generate significant economic returns to the County. The awards will help companies hire qualified workers and secure capital-intensive real estate.

Additional services

Virginia's international offices in Europe, South Korea, Taiwan and Japan serve international companies planning to establish operations in the United States.

Who to contact

• Antje AbshoffManaging Director, International Business Investmentaabshoff@vedp.org804 545 5700

901 East Cary Street, Richmond, VA 23219