Economic Development & Port Opportunities- Strategies for Growth
Thursday, February 15, 2018
February 13, 2018
Virginia Maritime Association Membership Briefing Addresses: “Economic Development & Port Opportunities- Strategies for Growth”
The Virginia Maritime Association hosted business and maritime industry leaders, local economic development and elected officials to unveil the “The Port of Virginia Opportunity Analysis” and to discuss the economic future of the region at a membership breakfast Tuesday, February 13th in Norfolk.
“We are at a juncture. Competitive, parochial, self-serving approaches no longer work. We have seen economic opportunities pass us by- this cannot continue. We must combine our tremendous assets and talents to attract new investments to the region and Virginia that benefit all. This report establishes an economic development roadmap to create jobs and stimulate capital investment in Virginia,” stated Arthur W. Moye, Jr., Executive Vice President of Virginia Maritime Association, in his opening remarks.
- John Reinhart, CEO and Executive Director, the Virginia Port Authority
- Stephen Moret, President and CEO, Virginia Economic Development Partnership
- Joe Dunlap, Managing Director, CBRE
Project objectives were outlined:
- Create Jobs and Stimulate Capital investment in the Region and Commonwealth
- Uncover Weaknesses and Opportunities of the Port and Region
- Benchmark the Port of Virginia against other Comparable Ports
- Identify Specific Industries to Target in Economic Development efforts
- “Many Players- One Goal: Stimulate the business relocation and activity across the Commonwealth”
The study was conducted by CBRE, supported by funding from ReInvent Hampton Roads, The Port of Virginia, Virginia Maritime Association, and Virginia Economic Development Partnership, in addition to the Economic Development Departments of the Cities of Chesapeake, Newport News, Norfolk, Portsmouth, Richmond, Suffolk and Virginia Beach.
Click to view the full report, executive summary, or presentation
The VMA is a trade association of over 450 companies, employing over 70,000 Virginians.
Promoting, Protecting and Encouraging commerce through Virginia’s ports, since 1920. “The Voice of Port Industries”