May 09
Business

Virginia’s Secret Weapon to Attract Big Business

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Virginia’s Secret Weapon to Attract Big Business

Virginia is taking bold steps to maintain its reputation as a leader in business growth with the launch of the Made in Virginia Investment Accelerator (MVIA). As CNBC’s Top State for Business, Virginia has introduced this first-of-its-kind initiative to fast-track transformative business investments. The MVIA is designed to help U.S.-based and foreign companies navigate the complexities of relocation and expansion, offering streamlined, concierge-style service from start to finish.

By coordinating efforts across key state agencies, the initiative ensures that businesses are supported through every step of the process. The MVIA eliminates bureaucratic delays and accelerates project timelines, allowing businesses to move at the speed of today’s competitive market. With a focus on speed to market, the program offers businesses expedited access to permitting and approvals at local, state, and federal levels, enabling rapid development and construction.

The MVIA is a whole-of-government approach, bringing together the Virginia Economic Development Partnership (VEDP), Virginia Department of Transportation, Port of Virginia, Virginia Energy, Virginia Department of Environmental Quality, Virginia Department of Health, Virginia Works, Virginia Department of Housing and Community Development, and local governments. These agencies work collaboratively to ensure that companies receive comprehensive support, from site selection and infrastructure planning to workforce development and regulatory compliance.

Companies involved in the MVIA gain direct access to a range of state assets, including shovel-ready sites, customized incentive programs, and tailored permitting pathways. This access is designed to help businesses identify the ideal location for their operations, whether they are looking to expand or build a new facility. The program also taps into Virginia’s world-class talent pool, with the Virginia Talent Accelerator Program, which is ranked #1 in the U.S. for workforce training. This program offers no-cost workforce solutions to ensure that companies have access to the skills and talent necessary to meet their evolving needs.

For businesses considering expansion or new investment in Virginia, the MVIA provides a unique opportunity to work directly with Virginia’s top economic development leaders. By offering executive-level service and hands-on support, the program ensures that businesses can move quickly and efficiently. Whether they are relocating, expanding, or building new facilities, companies will find the Made in Virginia Investment Accelerator to be a valuable resource in supporting their long-term growth and success.

With the MVIA now in place, Virginia is not only reinforcing its position as a leader in economic development but also setting a new standard for how states can cultivate and support transformative business investments. This initiative is a bold move toward ensuring that Virginia remains the fastest, most responsive state for business growth, one that will continue to attract forward-thinking companies and innovative projects for years to come. As the Commonwealth’s economic landscape evolves, the MVIA stands as a testament to Virginia’s commitment to building a future where business and innovation thrive in tandem.


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