Our Economic Future: “BLUEPRINT VIRGINIA”

Barry DuValPresident & 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 VirginiaOffice 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 3rd “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 CommerceFredericksburg Regional Chamber of CommerceHalifax County Chamber of CommerceHarrisonburg-Rockingham ChamberGreater Springfield Chamber of CommerceGreater Washington Board of TradeGreater Williamsburg Chamber of CommerceGreater Richmond Chamber of Commerce

Loudoun Chamber of CommerceLynchburg Chamber of CommerceMid-Atlantic Hispanic ChamberPetersburg Chamber of CommercePrince William Chamber of CommerceReston Chamber of CommerceRoanoke Regional Chamber of CommerceSmith Mountain Lake Regional ChamberTappahannock-Essex Chamber of CommerceTop of VA Regional Chamber of CommerceVA Peninsula Chamber of CommerceYork 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 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

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 at 2013 Virginia Economic Summit

APPROACH – THE NEXT 12 MONTHS

Presenting Firm SponsorsMcGuireWoods, LLP & McGuireWoods

Consulting

 Corporate SponsorsFirst Piedmont Corporation

UnitedHealthcareMWV Corporation

TransurbanVerizon

BLUEPRINT VIRGINIA Sponsors…

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.