While the Commonwealth has been getting a lot of attention from emerging high-tech growth sectors, Virginia hasn’t lost sight of its traditional growth industries.
Business Facilities Chief Business Officer Ted Coene presents the 2018 State of the Year Award to Stephen Moret, President and CEO of the Virginia Economic Development Partnership. (Photo: Neil Eisenberg)
The State of the Year designation is based on BF’s evaluation of Virginia’s economic development strategy and the economic impact of the top projects the state secured in 2018.
“Virginia has an economic development strategy that is fully leveraging the Commonwealth’s impressive assets and producing spectacular results,” BF Editor in Chief Jack Rogers said. “VA already was home to a bevy of Fortune 500 headquarters when it landed Amazon’s HQ2. The state has invested wisely in 21st century infrastructure, supporting the nation’s leading data center hub with a robust fiber optic network, and its world-class universities are producing the talent for emerging growth sectors like cybersecurity and unmanned aerial vehicles.”
Virginia has been a perennial contender for BF’s top honor due to its proximity to Washington DC, making it an attractive location for major corporate headquarters. While the Commonwealth has been getting a lot of attention from emerging high-tech growth sectors, Virginia hasn’t lost sight of its traditional growth industries.
“Virginia’s blueprint for long-term economic growth is a model for the nation,” Rogers added.
Read the full story on Virginia’s State of the Year Award.