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Economic Development & Port Opportunities Analysis Report (2017)

VA Port Opportunities Analysis Report


As presented during VMA's Membership Briefing on Feb 13, 2018

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CBRE's Project Scope:

In an effort to understand and analyze all the various factors associated with economic development site selection including the Port of Virginia, the CBRE Consulting team undertook an exhaustive effort.  This effort involved individual analyses that identified the relative strengths and weaknesses of multiple MSAs across the Commonwealth of Virginia as well as the Port Region itself.  Based on these analyses, numerous recommendations (varying from “Easy” to “Difficult” to implement) were made to the Port of Virginia and the Port Opportunity Study team.

While each of the individual recommendations were designed to increase the Commonwealth of Virginia’s chances of winning net-new projects thereby increasing net-new job creation and capital investment, they were also made in an effort to increase overall port traffic associated with the Port of Virginia.

The recommendations all will take various amounts of time before their impacts will be recognized.  However, most recommendations provided will change the landscape in the Commonwealth of Virginia slowly; it should be expected that most recommendations will take 18-24 months before initial impacts are recognized. 

Sponsors

The Virginia Maritime Association gratefully acknowledges the generosity and support of the following sponsors of the Economic Development & Port Opportunities Report.

 ReInvent Hampton Roads            Virginia Port Authority 

            Virginia Economic Development PartnershipVirginia Maritime Association

  • City of Chesapeake
  • City of Newport News
  • City of Norfolk
  • City of Portsmouth
  • City of Richmond
  • City of Suffolk
  • City of Virginia Beach

Thank you to our Anchor Members

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Contacts

Virginia Maritime Association
236 E. Plume Street Norfolk, VA 23510
Phone: 757-622-2639
Fax: 757-622-6302
vma@vamaritime.com