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.