Presentation on theme: "Our Economic Future: “BLUEPRINT VIRGINIA” Barry DuVal President & CEO."— Presentation transcript:
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? Productive workforce that can help them remain competitive in a global economy (competent workforce) Transportation network that can effectively move their employees and products through Virginia and to the rest of the world (connectivity)
Where Are We with Workforce?
Virginia Performs: A Report Card for Virginia’s Workforce System Commonwealth of Virginia Office of the Governor
Where Are We on Transportation?
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 Congestion Threatens Economic Productivity & Competitiveness Cost to business productivity and Virginia’s ability to attract employers Slipped to the 3 rd “Top State for Business” in CNBC annual rankings
Forecast decline in construction funding relative to maintenance Demand for dedicated transit funding; and Dedicated funding for capital expansion at the Port of Virginia In 1986 the primary challenges were: The More Things Change…
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
BLUEPRINT VIRGINIA PREPARING FOR A BRIGHTER FUTURE…
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. Vision Statement Mission
Provide a tool for analyzing the state and regional economies Establish regional economic development goals and objectives along with overarching statewide themes
Link statewide strategies to help develop a consensus among the major elements of the public and private sector regarding investment priorities Provide economic development leadership
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) Economic drivers critical to our future prosperity:
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 of Commerce Halifax County Chamber of Commerce Harrisonburg-Rockingham Chamber Greater Springfield Chamber of Commerce Greater Washington Board of Trade Greater Williamsburg Chamber of Commerce Greater Richmond 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 BLUEPRINT VIRGINIA Stakeholders…
Participating Economic Development Organizations: Virginia Economic Development Partnership 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 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 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 BLUEPRINT VIRGINIA Stakeholders…
HOW YOU CAN PARTICIPATE IN BLUEPRINT VIRGINIA Visit the Virginia Chamber’s website at YES! I want to be involved in the BLUEPRINT VIRGINIA process. Regional Councils: Check Region of Interest (*) Valley Northern Central Eastern West Central Southwest Southside Hampton Roads Industry Stakeholder Councils: Check Areas of Interest (*) Education & Workforce Manufacturing Transportation Innovation & Entrepreneurship Healthcare Business Climate
December BLUEPRINT VIRGINIA Launch at Virginia Economic Summit January Organize Regional & Industry Stakeholder Councils Feb. – June Grassroots Outreach - Public forums in over 20 communities across Virginia Feb. – June Regional & Industry Councils Provide Economic Development Plans & Situational Analysis Summer Data Compiled by Council on Virginia’s Future August - Oct Advisory Council Establishes Priority Issues and Actionable Goals to Advance to Steering Committee October Steering Committee Determines Final Report November Present BLUEPRINT VIRGINIA at 2013 Virginia Economic Summit APPROACH – THE NEXT 12 MONTHS
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.