Virginia Economic Review

The Commonwealth of Virginia has existed as a business venture since its inception in 1607, when the Virginia Company of London formed a joint-stock company to bring profits to shareholders and establish an English colony in the New World.

Virginia’s higher education system, consistently ranked as one of the best in the country, is well established as an elite talent incubator. But the Commonwealth’s universities, both public and private, also serve as a launching pad for startup companies.

Paul's Fan Company in Buchanan County was founded in 1958 as a small machine shop servicing the coal mining industry. It evolved over the years to focus on improved mine ventilation, producing turnkey industrial ventilation solutions for companies.

Tom Walker is the founder and CEO of DroneUp, a provider of drone delivery and flight services that has operated out of Virginia Beach since its founding in 2016.

With the global threat of terrorism on the rise, Virginia technology security services firms are parlaying security concerns into surging revenue growth overseas. Chantilly-based videoNEXT, which provides security and surveillance management software to U.S.

Brantley Ivey, general manager of River Ridge Land and Cattle Co. and managing partner of Landcrafted Food, recalls overhearing a farmer comment at the Virginia Governor’s Conference on Agricultural Trade: “If you’re not selling everywhere you can domestically, don’t consider exporting.”

Beth Macy is a three-time New York Times-bestselling author. She is the author of “Factory Man,” “Truevine,” and “Dopesick,” books that tell separate stories, but all stories through which the challenges, issues, prospects, and hopes of rural America are studied in different ways.

Seth Martindale is a senior managing director with CBRE Consulting. He has extensive experience in real estate strategic planning, working with both private and public sector clients.

Ben Davenport has been a champion for economic development in rural Virginia for decades. Davenport is chairman of First Piedmont Corporation as well as Davenport Energy.

Companies Find Tech Talent in the Mountains and Valleys of Virginia Big cities have long been synonymous with economic opportunity. But what if that's not universally true?

Virginia Talent Accelerator Program Delivers Custom Workforce Solutions to Companies How does a company find and train the skilled employees that will ultimately determine whether it succeeds or fails?

Virginia looks to increase the availability of development-ready sites with a two-pronged approach of characterization and development, working to bring business-ready sites online with greater speed and transparency than ever before.

...and How One State Has Set Out to Tackle It The Brookings Institution recently published a troubling analysis highlighting an expanding economic divide between metro areas (especially large ones) and rural areas in the U.S., as large metro areas have enjoyed considerably faster growth than smaller metros and rural localities.

Tom Barkin is the president and chief executive officer of the Federal Reserve Bank of Richmond. Barkin joined the Richmond Fed in January 2018. In his time in Richmond, Barkin has taken an interest in the issues leading to a divide between urban and rural areas in the Fed’s Fifth District.

Timothy D. Sands is the 16th president of Virginia Polytechnic Institute and State University, joining the university in June 2014. VEDP’s President and CEO, Stephen Moret, recently spoke with President Sands about exciting new developments at Virginia Tech.

Greg LeRoy is the founder and executive director of Good Jobs First, a national policy resource center promoting corporate and government accountability in economic development. Good Jobs First provides information on best practices in state and local job subsidies.

Amy Liu is vice president and director of the Metropolitan Policy Program at Brookings and the Adeline M. and Alfred I. Johnson Chair in Urban and Metropolitan Policy.

The year 2006 marked a turning point for the town of Lebanon, for Russell County, and for the Southwest corner of Virginia: CGI, a Canadian company with a strong presence in tech-heavy Northern Virginia, located its first U.S. onshore delivery center in Lebanon.