ABOUT VEDP
Supporting business growth and expansion in Virginia
Supporting business growth and expansion in Virginia
The Virginia Economic Development Partnership is the Commonwealth of Virginia’s official economic development authority and has offices in Virginia, Germany, Japan, Taiwan, and South Korea. Since 1995, VEDP has served as a professional, nonpartisan public authority with a long-term focus on strengthening Virginia’s economy across administrations. Working with state, regional and local partners, VEDP supports business expansion, attraction and investment through services that span site readiness, incentives, global trade and strategic planning.
VEDP, Richmond
Our vision for economic development
Our vision for economic development
VEDP is dedicated to enriching lives, communities, and the Commonwealth through economic development excellence. We are committed to building a robust, resilient economy that creates meaningful job opportunities, supports long-term growth, and improves quality of life for every Virginian.
Creating jobs that change lives
VEDP focuses on attracting and supporting good jobs — roles that offer competitive wages, long-term career paths, and a sense of purpose. These opportunities help Virginians build stability, advance in dynamic industries, and contribute to work that matters in their communities and beyond.
Strengthening communities from within
Economic development helps communities invest in their future. New business activity can expand the local tax base, bring strong corporate partners into communities, and create momentum around shared priorities — from infrastructure and housing to innovation, workforce development, and quality of life.
Advancing Virginia’s long-term prosperity
VEDP’s work helps generate new jobs, investment, and tax revenue that strengthen the Commonwealth’s ability to invest in its future. By supporting business growth, global trade, site readiness, and industry development, we help create measurable returns for Virginia and lasting opportunity statewide.
Richmond
Richmond
Leadership & governance
VEDP is governed by a 17-member Board of Directors and led by an executive team that works across administrations and in close collaboration with partners statewide to advance long-term economic opportunity. Together, the board and leadership team set strategic priorities, oversee execution, and keep VEDP focused on helping businesses invest, expand, and succeed in Virginia.
Our statutory responsibilities
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
Expert teams with
statewide and global reach
VEDP’s team brings expertise in business investment, global trade, talent development, research, marketing, real estate, and partner engagement. With offices across Virginia and in Germany, Japan, Taiwan, and South Korea, we help companies navigate expansion decisions and turn strategy into successful projects.
Careers that
move Virginia forward
VEDP is home to a collaborative team united by a shared mission to strengthen Virginia’s economy. With values rooted in insight, partnership, continuous improvement, and results, we offer a workplace where employees can make an impact while growing their expertise and advancing meaningful work.
VEDP, Richmond