VEDP OVERVIEWOCTOBER 8, 2009

To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia

communities, through aggressive business recruitment, expansion assistance, and trade development, thereby

building the tax base and creating higher income employment opportunities.

MISSION STATEMENT

Stephen R. AdkinsChief, Chickahominy Tribe

G. William BealePresident and CEOUnion Bankshares Corporation

W. Clay CampbellPresident, Martinsville Speedway

R. B. ClarkCharlotte County Administrator

Mark D. HeathPresident and CEOMartinsville-Henry Economic Development

Corporation

Hugh D. KeoghPresident and CEOVirginia Chamber of Commerce

Chris A. LumsdenCEO, Halifax Regional Health System

Charles H. Majors, ChairPresident and CEOAmerican National Bank

and Trust Company

Stuart S. MalawerDistinguished Professor of Law and

International TradeGeorge Mason University

BOARD OF DIRECTORS

John F. MalbonPresident and CEO, PAPCO, Inc.

David OliverPresident, Oliver Cleaning Service

Julien G. Patterson, Vice ChairPresident and CEOOmniplex World Services Corporation

A. Carole Pratt, D.D.S.

McKinley L. Price, D.D.S.

Ike PrillamanVice Chairman & CMONorfolk Southern Corporation

Ruth Alicia SandovalCEO, BuisnessconX

Samuel A. SchreiberRegional President, Wachovia Bank

James E. UkropChairman, First Market Bank

Neil D. Wilkin, Jr.President and CEO OpticalCable Corporation

Ex-Officio:

Richard D. BrownGlenn DuBoisPatrick O. Gottschalk

BOARD OF DIRECTORS

BusinessDevelopment

Information Technology

Executive Director

Fiscaland

Support Services

HumanResources

Board of Directors

Communicationsand

PromotionsInternational

General Counsel

Research

ORGANIZATIONAL CHART

Division Amount Staff

Business Development 2,779,276 23

International Investment 1,637,305 7

International Trade 2,705,196 19

Research 1,819,939 14

Communications and Promotions 1,342,646 7

Information Technology 1,847,793 15

Administration 2,190,717 15

Pass Through Payments 79,087 -

Total VEDP $14,401,959 100

FY 2010 GENERAL FUND OPERATING PLAN BUDGET

VEDP 10-YEAR PRESENT VALUE GENERAL FUNDS

• $608 million of investment

• 3,948 new jobs

• 42 announcements

VEDP-ASSISTEDINVESTMENT AND EMPLOYMENT7/1/09 – 10/5/09

Project Jobs Capital InvestmentGOF

Approved

HEADQUARTERS

Bureau of National Affairs (Northern VA) 289 $110 million $1 million

Corporate Executive Board (Northern VA) 2,500 $227 million $1 million

Hilton 325 $17 million $1 million

Mead Westvaco (Central VA) 400 $80 million $2 million

Philip Morris USA – R&D (Central VA) 500 $300 million $3 million

SAIC 1,200 $25 million $1.5 million

Volkswagen of America (Northern VA) 401 $118 million $1.5 million

ADVANCED MANUFACTURING

AREVA Newport News (Hampton Roads) 540 $363.5 million $3 million

Canon Virginia (Hampton Roads) 1,035 $623.5 million $1.5 million

Micron Technology, Inc. (Northern VA) 860 $1.2 billion $2 million

Rolls-Royce (Central VA ) (2 projects) 642 $502.4 million $6 million

Swedwood (Southside) 740 $28 million $3 million

Terremark (Northern VA) 250 $270 million $1 million

Totals 9,682 $4.12 billion $27.5 million

MAJOR PROJECTS