WHAT IS VEDP?
VEDP History
The Virginia General Assembly created the Virginia Economic Development Partnership (VEDP) in 1995 to attract new businesses to the Commonwealth, help major Virginia businesses expand, and increase trade opportunities for Virginia businesses
VEDP is governed by a 25 member Board Of Directors comprised of businesspersons from around Virginia, each of whom is appointed by the Governor and the General Assembly
VEDP’s President & Chief Executive Officer is employed by the Board to oversee the fulfillment of our mission
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
VEDP’s Mission
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 expanding the tax base and creating higher-income employment opportunities.
STRATEGIC REVIEW 2015
• A Commonwealth
at the Crossroads
4VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP
• VEDP Current &
Proposed
Deliverables
STRATEGIC REVIEW 2015
• The New Virginia Economy
– “…Enhancing our infrastructure…”
VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP7
VEDP Proposed Deliverable
1. Establish and fund public/private partnership
site program, with emphasis on prepared sites
STRATEGIC REVIEW 2015
• The New Virginia Economy
– “…Growing our strategic industry sectors…”
VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP8
VEDP Current Proposed Deliverables
1. Produce target sectors for marketing
2. Build-out geographic capacities
3. Conduct more in-depth sector research in targeted markets
4. Rely on empirically-driven marketing to reach key prospects
5. Outreach to key corporate and high-growth businesses
6. Expand communication and coordination with allies
7. Put in place cross-department industry sector “swat” teams
An Ideal Launch Pad for Success
Virginia’s role in the aerospace industry dates to 1917, when the nation’s first civil aeronautics laboratory was established in Hampton – it is now known as the NASA Langley Research Center
The federal government and the military continue to play leading roles in Virginia’s aerospace industry
Virginia Tech and the Mid-Atlantic Aviation Partnership were named as one of the FAA’s six UAS test sites
In the past ten years, 67 aerospace industry projects in Virginia have announced almost 7,400 new jobs and over $1.7 billion in investments
Recent major announcements include
Alliant Techsystems
Boeing
Goodyear Tire & Rubber
Orbital Sciences Corporation
Rockwell Collins
AEROSPACE IN VIRGINIA
9,100 people in Virginia make aerospace products
4,000 people in Virginia make composite products
5,300 people in Virginia work in machine shops
#1 state for U.S. Department of Defense Contracts
18,000 people exit the military from Virginia bases annually
Home to the Pentagon and multiple major military installations
Defense Advanced Research Projects Agency – directs and conducts military research
National Institute of Aerospace – conducts aerospace research and awards advanced degrees
Commonwealth Center for Aerospace Propulsion Systems – joint UVA-Virginia Tech research
Space launches from NASA Wallops Flight Facility – Mid-Atlantic Regional Spaceport
Space systems integration expertise at NASA Langley Research Center
Orbital Sciences Corporation manufactures satellites in Dulles, Virginia
9 commercial airports and 57 general aviation airports
25.3 million people board commercial aircraft in Virginia annually
1,400 people in Virginia work at FAA certificated repair stations
Military
R&D
Space
Airports
MFG
VIRGINIA’S AEROSPACE STRENGTHS
VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP
Virginia’s Aerospace Industry
Employs 30,300 people at 255 firms, primarily in Aerospace Technology and Aerospace Equipment
Benefits from key military bases in Hampton Roads and Northern Virginia
Ranks first in the nation for U.S. Department of Defense Prime Contracts –$51.5 billion in FY 2012
R&D assets include DARPA and the National Institute of Aerospace
Location of NASA Langley Research Center and NASA Wallops Flight Facility
Home to Rolls-Royce’s Crosspointe production facility
Commercial launch capability at the Mid-Atlantic Regional Spaceport
Direct economic output of $7.2 billion
Central location on the Atlantic Coast provides interstate and rail access to the Northeast, Southeast, and Midwest
Access to international markets provided by the Port of Hampton Roads and Washington Dulles International Airport
AEROSPACE IN VIRGINIA
VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP
Major Employers
AERIAL Machine & Tool
AerojetAlcoa Howmet
Aurora Flight Science
BAE Systems
Boeing
Cobham North America
Dynamic Aviation Group
EADS North America
Euro Composites
General Dynamics
Goodyear Tire & Rubber
Kollmorgen
L-3 Communications
Lockheed Martin
Measurement Specialties
Moog
Northrop Grumman
Orbital Sciences Corp.
Raytheon
Rockwell Collins
Rolls-Royce N. A.
RTI International Metals
The Aerospace Corp.
Triumph Aerospace
Military and Federal
The Pentagon
Central Intelligence Agency
Dept. of Homeland Security
Fort Belvoir
Fort Eustis
Fort Lee
Fort Pickett
Langley Air Force Base
Marine Corps Base
Quantico
Missile Defense Agency
National Ground
Intelligence Center
National Reconnaissance
Office
Naval Air Station Oceana
Naval Surface Warfare
Center, Dahlgren
Navy Commander
Operational Test and
Evaluation Force
Norfolk Naval Base
Office of Naval Research
Space and Naval Warfare
Systems Command
Research and
Development
Commonwealth Center for
Advanced Manufacturing
Commonwealth Center for
Aerospace Propulsion
Systems
Defense Advanced
Research Projects
Agency
NASA Langley Research
Center
National Center for
Coatings Application,
Research & Education
National Center for
Hypersonic Combined
Cycle Propulsion
National Institute of
Aerospace
Virginia Modeling,
Analysis, and Simulation
Center
Virginia Space Grant
Consortium
Airports
Washington Dulles
International Airport
Ronald Reagan
Washington
National Airport
Charlottesville-
Albemarle County
Airport
Lynchburg Regional
Airport
Newport News-
Williamsburg
International Airport
Norfolk International
Airport
Richmond
International Airport
Roanoke Regional
Airport
Shenandoah Valley
Regional Airport
57 general aviation
airports
Education
University
Virginia Tech
University of Virginia
Old Dominion
University
Virginia
Commonwealth
University
Liberty University
Hampton University
Averitt University
Community College
Blue Ridge
Community College
John Tyler
Community College
Thomas Nelson
Community College
High School
Aviation Academy of
Newport News
Public Schools
AEROSPACE CAPABILITIES IN VIRGINIA
STRATEGIC REVIEW 2015
• The New Virginia Economy
– “…Promoting our competitive business climate…”
VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP13
VEDP Current and Proposed Deliverables
1. Develop new brand for The New Virginia Economy
2. Market attributes of Virginia regions
3. Increase exports to global markets
4. Build stronger collaborative partnerships
5. Create synergies and support work of VEDP’s regional allies
6. Benchmark Virginia’s regional industry strengths against global
competitors
7. Protect Virginia’s competitive taxation system, fair regulatory
environment and business-friendly laws and leadership
REGIONAL VIEW - HAMPTON ROADS
VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP14
823 Jobs
$218 Million
12 Announcements
Regional Marketing Organizations
Hampton Roads Economic Development Alliance
Assets
• Federal Assets: Naval Facilities, Wallops Island
• Port of VA
• Skilled/Educated workforce, trained military personnel
• Higher Ed: William & Mary, ODU, EVMS, Norfolk State, VCCS
• Technology Assets: Modeling & Simulation, Thomas Jefferson National Accelerator, NASA Langley
• Tourism: Colonial History, Oceanfront, Naval History
• Companies: Huntington-Ingalls, STIHL, Perdue Farms, Alcoa-Howmet
Challenges
• Remote connectivity to population centers, citizens desire to maintain local culture
• Dependence on military
Strategies
• Diversify economy to reduce impacts of sequestration
• Promote environmentally-based/agribusiness development
• Global Attraction, especially Port supported
• Strategic Partnerships with Federal and State Assets
STRATEGIC REVIEW 2015
• The New Virginia Economy
– “…Nurturing a sustainable entrepreneurial environment…”
VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP16
VEDP Proposed Deliverables
1. Develop the first statewide sustained high-growth firm
strategy in the nation
VIRGINIA’S AEROSPACE STRENGTHS
R&D Assets
National Institute for Aerospace —
conducts research and awards advanced
degrees in aerospace engineering
through a partnership with nine
universities
Commonwealth Center for Aerospace
Propulsion Systems — a joint UVA /
Virginia Tech / Rolls-Royce research effort
National Center for Hypersonic
Combined Cycle Propulsion —
advances understanding of critical mode
transitions and supersonic/hypervelocity
flow regimes of combined cycle
propulsion
The Naval Surface Warfare Center
Dahlgren Division — the premier
research and development center for
advanced weapons system integration
NASA conducts aerospace research at
its Langley Research Center and
Wallops Flight Facility
Defense Advanced Research Projects
Agency — directs and conducts military
research
National Center for Coatings,
Application, Research, and Education
South Boston
National Center for Coatings,
Application, Research, and Education
— develops applied coating solutions
with manufacturers in its advanced
manufacturing laboratories
VIRGINIA SPOT MATRIX FOR <50 EMP. MARKET
STRENGTHS OPPORTUNITIES
PROBLEMS THREATS
CU
RR
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T/I
NT
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NA
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TU
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RN
AL
• Flexibility
• Lower Overhead
• Market Proximity
• Ports (2)
• Institutional
Knowledge
• Utility Costs
• High Taxes
• Regulations
• Access to Capital
• Scalability
• Lack of Depth (EE’s)
• Workforce Challenges,
e.g. Aging
Declining Coal
Industry
State Regulations
Aging population
Federal regulations
targeting
manufacturers
Decrease in Federal
Spending
Water Resources
Rate of change in
technology
Retailer Supply
chain, e.g. Wal-Mart
model
• Diverse Localities, e.g.
Urban - Rural
• Corporate Research
Model
• Higher Education
• Technology
Infrastructure, e.g. Fiber
Optics etc
• Population Imbalance
• Lack of Business resources (e.g.
risk management for immature
companies)
• Reliant on Govt. as major driver
• Scalability
• Lack of Depth (EE’s)
• Workforce Challenges, e.g. Aging
• Tools needed to do business
• Higher Ed not so nimble
• Duplication of Govt. services
• Availability of Veterans
• Cost Differential: NOVA v
ROVA
• New Commercial Market
Development, e.g. US,
Medical, Energy, Food,
Beverage
• Increasingly available
(affordable) technology
• Consolidate Govt. Services
• Industry cluster development
• Export opportunities
• Global E-commerce
• Medical Technology
• Increasingly available
(affordable) technology
• Leverage Regulations into
opportunities
• Increasing rate of change in
Ecosystems
STRATEGIC REVIEW 2015
• The New Virginia Economy
– “…Equipping Virginia’s workforce with in-demand skill sets…”
VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP19
VEDP Current and Proposed Deliverables
1. Fully integrate workforce (VJIP) into operations
2. Enhance VJIP as a portal for businesses to access
workforce delivery capabilities
3. Leverage and champion higher education partners in
creating credentials that count for business
MRO
Virginia’s Advantages
47 FAA Certificated Repair Stations operate in all regions of Virginia and employ almost 1,400 people
9 commercial airports, including Washington Dulles International Airport and Regan National Airport
Workforce benefits from 18,000 people exiting the military annually from bases in Virginia
Opportunities exist for commercial MROs, business jet completions, and military conversions
Blue Ridge Community College offers an Associate of Applied Science in Aviation Maintenance Technology
Furniture industry cluster in southern Virginia offers skilled workers for producing and installing interiors
Key employers include
Dynamic EngineeringL-3 Flight InternationalLandmark AviationOrion Air Group
VIRGINIA’S AEROSPACE TALENT
ACTIONS TO MOVE FORWARD
• Align and Invest in Talent Development Coalitions and
Capabilities
– Create Regional “Front Doors” - Business Services Teams - delivering talent with
credentials that are meaningful to business (VEDP/VJIP)
– Support strategic investments in:
• Non-credit training & certifications – VCCS, DOE
• Apprenticeships – DOLI
• Distributed education – PRODUCED in Virginia (UVA); Commonwealth
Graduate Engineering program (VT, UVA, VCU, GMU, ODU)
• Higher Education Equipment Trust Fund
– Assess the impact of a Virginia Talent Investment Loan Program (VSBFA)
VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP21
OUR TEAM
• Awarded the FAA UAS Test Site OTA through Virginia Tech
• Led by Virginia Tech, Rutgers and University of Maryland
• Includes Academia, Government, Industry, Economic Development Agencies and Non-
Profit Organizations
• Specific Team strengths:
• Three top 50 research universities
• Companies w/ experience in UAS development, manufacture, operation and
testing
• Existing relationships to federal UAS R&D centers
• William J. Hughes FAA Technical Center
• NASA Langley
• NASA Wallops
• NAVAIR Patuxent River
• NSWC Dahlgren
• International airport with 10,000’ runway
• Flexible and diverse airspace
• Funding provided from State Economic Development23
MAAP STRUCTURE
Business• Active flight testing in all three states
• Bring companies to VA/MD/NJ
• Refine process for multi state work
• Engage in larger research efforts with larger companies
• Better outreach to stakeholders
Technical• Expansion of access and airspace
• Training curriculum in place for multiple types of UAS
• Enhance the airworthiness and SOP’s
• Engage a Designated Airworthiness Representative (DAR)
Be seen as a leader among the test sites 24
MAAP GOALS 2015
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