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Our Economic Future: “BLUEPRINT VIRGINIA”

Our Economic Future: “BLUEPRINT VIRGINIA”. Barry DuVal President & CEO. Five Pillars for Economic Success. Competent Workforce Intellectual Capacity Connectivity Entrepreneurship & Innovation Pro-Business Climate. What concerns Virginia Business today?.

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Our Economic Future: “BLUEPRINT VIRGINIA”

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  1. Our Economic Future: “BLUEPRINT VIRGINIA” Barry DuVal President & CEO

  2. Five Pillars for Economic Success Competent Workforce Intellectual Capacity Connectivity Entrepreneurship & Innovation Pro-Business Climate

  3. What concerns Virginia Business today? • Productive workforcethat can help them remain competitive in a global economy (competent workforce) • Transportation networkthat can effectively move their employees and products through Virginia and to the rest of the world (connectivity)

  4. Where Are We with Workforce?

  5. Virginia Performs: A Report Card for Virginia’s Workforce System Commonwealth of Virginia Office of the Governor

  6. Where Are We on Transportation?

  7. Congestion Threatens Economic Productivity & Competitiveness • Commonwealth is home to three of the nation’s most congested regions • Cost to citizens and businesses in lost time, money and safety • Estimated annual economic loss of $3.7 billion  • Cost to business productivity and Virginia’s ability to attract employers • Slipped to the 3rd “Top State for Business” in CNBC annual rankings

  8. The More Things Change… In 1986 the primary challenges were: • Forecast decline in construction funding relative to maintenance • Demand for dedicated transit funding; and • Dedicated funding for capital expansion at the Port of Virginia

  9. Where do we want to be 10 years from now in Workforce and Transportation?

  10. Who is in charge of Virginia’s economic future? Impact of one term Governor in Virginia Virginia’s business community has an opportunity to provide leadership for the state’s future economic growth

  11. BLUEPRINT VIRGINIA PREPARING FOR A BRIGHTER FUTURE…

  12. Vision Statement BLUEPRINT VIRGINIA envisions a continuous economic development plan that will ensure our competitiveness in the global economy and raise the Commonwealth to new levels of economic success and prosperity. Seeks to develop a Comprehensive Economic Development Strategy (CEDS) for Virginia that will serve as a framework for at least eight years. Mission

  13. Provide a tool for analyzing the state and regional economies • Establish regional economic development goals and objectives along with overarching statewide themes

  14. Link statewide strategies to help develop a consensus among the major elements of the public and private sector regarding investment priorities

  15. How do we get organized as a business community?

  16. Providing Economic • Development Leadership... • The Virginia Chamber and allies represent over 50,000 businesses in the state!

  17. Economic drivers critical to our future prosperity: • Increasing Educational Achievement and Workforce Readiness & Quality (Competent Workforce) • Developing the Transportation Infrastructure for a Competitive Economy (Connectivity) • Promoting Policies to Support Manufacturing (Pro-Business Climate) • Strengthening and Expanding Virginia’s Business Climate • Fostering Innovation and Entrepreneurship (Entrepreneurship & Innovation) • Delivering Quality, Cost-effective Healthcare (Pro-Business Climate) • Ensuring our Energy Security (Connectivity)

  18. BLUEPRINT VIRGINIA Stakeholders… Participating Chambers: Arlington Chamber of Commerce Bristol Chamber of Commerce Culpeper Chamber of Commerce Danville Pittsylvania Chamber of Commerce Dulles Regional Chamber of Commerce Fairfax Chamber of Commerce Fredericksburg Regional Chamber Halifax County Chamber of Commerce Harrisonburg-Rockingham Chamber Greater Richmond Chamber of Commerce Greater Springfield Chamber of Commerce Greater Washington Board of Trade Greater Williamsburg Chamber of Commerce Loudoun Chamber of Commerce Lynchburg Chamber of Commerce Mid-Atlantic Hispanic Chamber Petersburg Chamber of Commerce Prince William Chamber of Commerce Reston Chamber of Commerce Roanoke Regional Chamber of Commerce Smith Mountain Lake Regional Chamber Tappahannock-Essex Chamber of Commerce Top of VA Regional Chamber of Commerce VA Peninsula Chamber of Commerce York County Chamber of Commerce

  19. BLUEPRINT VIRGINIA Stakeholders… • Participating Economic Development Organizations: • Virginia Economic Development Partnership • Virginia Economic Developers Association • Virginia Department of Housing and Community Development • Greater Richmond Partnership • Hampton Roads Center for Civic Engagement • Hampton Roads Partnership • Hampton Roads Planning Commission • Region 2000

  20. BLUEPRINT VIRGINIA Stakeholders… Participating Industry Experts and Trade Associations: Virginia Manufacturers Association Virginia Alternative & Renewable Energy Association Virginia Transportation Construction Alliance Virginia Biotechnology Association Virginia Association of Realtors Virginia Association of Health Plans Virginia Petroleum Council

  21. BLUEPRINT VIRGINIA Stakeholders… Participating Leadership Organizations: LEAD VIRGINIA Sorensen Institute for Political Leadership Thomas Jefferson Institute for Public Policy LEAD Hampton Roads Leadership Arlington Leadership Charlottesville Leadership Fairfax Leadership Lynchburg Leadership Metro Institute Leadership New River Valley

  22. HOW YOU CAN PARTICIPATE IN BLUEPRINT VIRGINIA Visit the Virginia Chamber’s website atwww.vachamber.com YES! I want to be involved in the BLUEPRINT VIRGINIA process. Regional Councils:Check Region of Interest (*) ValleyNorthernCentralEasternWest CentralSouthwestSouthsideHampton Roads Industry Stakeholder Councils: Check Areas of Interest (*) Education & WorkforceManufacturingTransportationInnovation & EntrepreneurshipHealthcareBusiness Climate

  23. APPROACH – THE NEXT 12 MONTHS December 2012 - BLUEPRINT VIRGINIA Launch at Virginia Economic Summit January 2013 - Organize Regional & Industry Stakeholder Councils Feb. – June 2013 - Grassroots Outreach - Public forums in over 20 communities across Virginia Feb. – June 2013 - Regional & Industry Councils Provide Economic Development Plans & Situational Analysis Summer 2013 - Data Compiled by Council on Virginia’s Future August - Oct. 2013 - Advisory Council Establishes Priority Issues and Actionable Goals to Advance to Steering Committee October 2013 - Steering Committee Determines Final Report November 2013 - Present BLUEPRINT VIRGINIA to Governor Elect at 2013 Virginia Economic Summit

  24. BLUEPRINT VIRGINIA Sponsors… Presenting Firm SponsorsMcGuireWoods, LLP & McGuireWoods Consulting  Corporate SponsorsFirst Piedmont Corporation UnitedHealthcareMWV CorporationTransurbanVerizon

  25. Summary Through BLUEPRINT VIRGINIA we will work with all sectors of economic development in Virginia to craft a strategy that will provide elected officials a roadmap for economic competitiveness for the Commonwealth. Please get involved.

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