News & Features

Virginia Economic Review

Our quarterly publication, Virginia Economic Review, provides an insider look at Virginia’s economy, its diverse array of world-class companies, its amazing talent, and its stunning natural beauty, as well as insights from national thought leaders.

Second Quarter 2021XFourth Quarter 2021X
UVA Data Science University of Virginia

Virginia Universities Prepare to Meet Tomorrow's Data Science Needs

In recent years, the increased amount of available data — 64.2 zettabytes (equal to 1 trillion gigabytes) were created globally in 2020, compared to 2 zettabytes in 2010, according to Statista — and ways to analyze and use it have escalated the demand for data science professionals to fill data analyst, business intelligence engineer, and other roles.
Increases in e-commerce activity buoyed by the COVID-19 pandemic have entities across the supply chain working to increase efficiencies and meet the demand for same-day delivery Increases in e-commerce activity buoyed by the COVID-19 pandemic have entities across the supply chain working to increase efficiencies and meet the demand for same-day delivery

Industries of the Future: E-Commerce

E-commerce became the lifeblood of retailers and business-to-business (B2B) suppliers in 2020, yet the innovation that grew out of this need has disrupted industry norms forever. Research from the Retail Industry Leaders Association (RILA) and McKinsey & Co.
5G National Landing in Northern Virginia, as shown in this rendering, is home to a 5G-powered smart city developed by JBG SMITH Properties, Inc., using dark giber provided by Arlington County.

Industries of the Future: 5G

Across the wireless industry, 5G — the fifth-generation technology standard for broadband cellular networks, meant to deliver higher data speeds, lower latency, more reliability, and higher capacity — has been not just the next big thing, but a family of next big things.
Auto Tech Volvo Trucks North America's VNR Electric, manufactured in Pulaski County, went on sale in 2020.

Industries of the Future: Auto Tech

Technological advancements, supply chain disruptions, and safety, environmental, and other sociopolitical factors are changing the way people and products move around the country. Manufacturers are leveraging technology, new business models, and infrastructure improvements to chart a future path.
Gatekeeper Intelligent Security Gatekeeper Security, Inc. used VEDP funding to exhibit at trade shows in Germany and Singapore.

Bespoke Export Support

Virginia Offers Best-in-Class Export Assistance for Companies' Complete Life Cycle Exporting can be a strong strategy for connecting companies with demand or diversifying their market bases to better weather economic conditions.
Phoenix Group, Chesapeake Phoenix Group, Chesapeake

Business Without Borders

International trade is beneficial for American consumers and businesses alike. Benefits for consumers include lower costs and a greater variety of goods available in their local markets.
The Port of Virginia is using shipping data to optimize its workflows and speed the movement of cargo from ship to destination The Port of Virginia is using shipping data to optimize its workflows and speed the movement of cargo from ship to destination.

Virginia Sets Course for Robust Trade Growth

With Initial Funding Approved and Bold Goals on the Horizon, Virginia's International Trade Strategic Plan is Moving Forward The fundamental conditions are in place for Virginia to significantly grow its international trade. Now, the Commonwealth is setting a course to capitalize on those assets.