virginia economic development partnership yesvirginia.org the role of energy and economic...
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VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP
YESVIRGINIA.ORG
THE ROLE OF ENERGY AND ECONOMIC DEVELOPMENT
OCTOBER 2013
WHAT IS VEDP?
VEDP is
Virginia’s Business Welcome Center
Global Gateway for Virginia Companies
Ally for Virginia’s Communities
Revenue Generator for Virginia’s Citizens
Good Steward
Learn More
VEDP web site - www.yesvirginia.org
VEDP Blog - www.yesvirginia.org/BlogSpot
VEDP Trade - www.exportvirginia.org
Research
Business Attraction
Business Expansion
Communications & Promotions
President & CEO
Information Technology
Fiscal & Support Services
HRGeneral Counsel & Legislation
International Trade
VEDP Organizational Structure
TAKE-HOME MESSAGES
• Businesses have choices and competition is fierce: Site selection is fundamentally a process of elimination
• Reducing a company’s risks to starting up or expanding, will keep a locality or state in the hunt
• Being prepared with infrastructured real estate (utilities), increases a community’s competitiveness
• Being prepared requires alignment and cooperation with stakeholders: public private, local regional, state, federal
SITE LOCATION & EXPANSION FACTORS
– Market Connectivity– Talent – Depth, Cost, and Delivery Systems– Transportation Infrastructure– Utility Infrastructure – capacity, redundancy
and cost– Real Estate– Business Climate
ENERGY SECTOR IMPACT IN VIRGINIA
• The Energy Industry Employsmore than 34,000 Virginians
• Virginia is Home to Over 400Energy Companies with morethan 665 Establishments Acrossthe Commonwealth
• Direct Economic Output of $15.5 Billion and Supports an Additional $8.3 Billion in Economic Activity
• In the past 10 years, 102 energy industry projects have announced, creating 4900 jobs and $5.6 billion in capx
CENTER FOR POWER ELECTRONIC SYSTEMS – VIRGINIA TECH
VIRGINIA’S CURRENT BUSINESS CASE
• Market proximity• Business Infrastructure• Operating Cost Advantages• Public Partners• Skilled & Sector-Aligned Workforce• R&D resources• Energy Centers
New Orleans
Tampa
Jacksonville
Birmingham AtlantaMemphis
Charlotte
Montreal
Detroit
Toronto
Chicago
Indianapolis
St. LouisLouisville
Richmond
Washington, DCPittsburgh Philadelphia
Boston
New YorkMilwaulkee
Ontario Quebec New BrunswickManitoba
Within 550 miles of Richmond
Within 750 miles of Richmond
• Washington Dulles International Airport has Nonstop Service to over 120 Destinations, Including more than 40 International Destinations
• The Port of Virginia is the Second Busiest Port on the East Coast and the Only One Capable of Handling the Largest Ships in the World
• Virginia has the 3rd largest State Maintained Transportation Network
• Primary Rail Service with CSX and Norfolk Southern
MARKET PROXIMITY
BUSINESS INFRASTRUCTURE
Virginia Department of Agriculture and Consumer Services
PUBLIC PARTNERS
Virginia Nuclear Energy Consortium Authority
Virginia Tobacco Commission Energy Centers
34,000 SKILLED & ALIGNED ENERGY SECTOR WORKFORCE
Energy Technology
2%
Fossil Fuel31%
Mining Equipment
8%
Nuclear23%
Renewable Energy
5%
Traditional Generation
25%
Turbines-Transformers
6%
9,553
7,839 7,115
2,357 1,952
1,592
622
0
2,000
4,000
6,000
8,000
10,000
R&D – HIGHER EDUCATION
R&D – CORPORATE/INDUSTRIAL
R&D – FEDERAL ENERGY
Energy Policy
Alternative Fuels
Coal
, Oil,
Gas
Nucle
ar
Fuel
Cel
ls/H2
Alte
rnat
ive F
uels:
Was
te o
r Bi
o-de
rived
Geo
ther
mal
Hydr
oele
ctric
Sola
r/Pho
tovo
ltaics
Win
d
Coas
tal
(Win
d/Ti
dal/C
urre
nt/W
ave)
Ener
gy S
tora
ge
Effic
ienc
y/Co
nser
vatio
n
Build
ing/
Envir
onm
ent
Ener
gy P
olicy
/Eco
nom
ics
Thomas Jefferson National Accelerator Facility (DOE)
√ √ √
NASA Langley Research Center √ √ √ √ √ √ √Naval Surface Warfare Center - Dahlgren Division
√
Virginia Federal Lab
Energy Generation/Sources Energy Use/Impact
Other Renewables
VIRGINIA’S NATURAL ASSETS
Virginia has natural advantages for energy development……………..old and new!
THE THREE C’S FOR SUCCESS IN ECONOMIC DEVELOPMENT
–Coordination• Helping each other but not changing the basic way of doing
business
–Cooperation• Common effort and association for the purpose of common
benefit
–Collaboration• To work jointly with others on a common goal that is beyond
what any one person or group can accomplish alone
TODAY’S PRESENTERS
• Lisa Perry – Isle of Wight County
• David Hudgins – Old Dominion Electric Cooperative
• Roger Bennett – Norfolk Southern Corporation