News

MREI to Promote Economic Growth

~Metro Richmond Exports Initiative to Promote Economic Growth~

RICHMOND, VA — September 9, 2016
After nearly two years of work by Virginia Commonwealth University’s Center for Urban and Regional Analysis, the Greater Richmond Partnership, Virginia’s Gateway Region, JPMorgan Chase and the Virginia Economic Development Partnership and input from hundreds of businesses and local, state and regional officials, the long-awaited Metro Richmond Exports Initiative has been released. (more…)

VGR EDO Export Event

~ Virginia’s Gateway Region Economic Development Organization launches export event ~

Sep. 9, 2016 at 12:26 PM
After nearly two years of work by Virginia Commonwealth University’s Center for Urban and Regional Analysis, the Greater Richmond Partnership and Virginia’s Economic Development Partnership, Virginia’s Gateway Region EDO is pleased to announce their implementation of the Metro Richmond Exports Initiative (MREI). MREI is a pilot program — the first of its kind in Virginia. (more…)

Richmond-Area Project to Increase Exports

~Richmond-Area Project Aimed at Increasing Exports~

September 8, 2016
A new project aimed at increasing exports by local businesses in Richmond launched Thursday.

The goal of the Metro Richmond Exports Initiative is to increase international trade activity by small and medium businesses in the area by 40 percent by 2020. (more…)

Local EDO Groups to Help Businesses Export

~Local economic development groups plan steps to help businesses export products and services to international markets~

Thursday, September 8, 2016 7:30 pm
JOHN REID BLACKWELL Richmond Times-Dispatch

After nearly two years of research, two Richmond-area economic development groups said Thursday they are implementing a plan this fall to help small and medium-sized businesses in the region export their products and services to international markets. (more…)

INTL TRADE IS BEST VA ECONOMIC OPPORTUNITY

~ VASSEY AND DUVAL: INTERNATIONAL TRADE IS VIRGINIA’S BEST ECONOMIC DEVELOPMENT OPPORTUNITY ~
February 1, 2016

The call to diversify Virginia’s economy away from a reliance on federal spending is not new, but it has grown louder in recent years. Virginia was cushioned from the worst of the recession in a large part because of federal and defense spending, but with sequestration, we have seen the other side of that coin. Our growth rate in terms of job creation and GDP has been stagnant, and is expected to continue to lag behind the national average in the near future. Some regions of the commonwealth have yet to recover all of the jobs lost in the recession. (more…)