Virginia's new economic development strategy

Saturday, September 30, 2006

Under state law, Virginia's new governor is required to develop a statewide economic development strategy. Governor released his last week.

The plan is built around nine broad goals, each with measureable metrics, such as:

• Increasing the total amount of Defense Department related contracts for Virginia firms by 5%, or $1.15 billion.
• Increasing the economic impact of tourism in Virginia from $16.5 billion to $18.5 billion annually. 
• Increasing exports of goods from the Commonwealth by 7% ($855 million).
• Ensuring broadband access for every Virginia business.
• Increasing procurement for small businesses to 40% of state purchases.
• Decreasing government administration transaction time for businesses by 30%.

You can read more about the release of the plan here. You can download a copy of the plan here.

posted by Ed Morrison |

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