Regional Economic Prosperity: The Role of the Greater Richmond Partnership

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1 Regional Economic Prosperity: The Role of the Greater Richmond Partnership

2 Who we are Public/Private not for profit regional economic development organization promoting the City of Richmond and the counties of Chesterfield, Hanover and Henrico.

3 Vision To aggressively generate economic opportunities that create quality jobs for all the citizens of the region and increase the tax base for needed community services. Mission Statement To globally market the Greater Richmond region as a preferred business location, generate domestic and international prospects, and support the localities business retention efforts.

4 Core GRP Programs Marketing Business Attraction Business Retention & Expansion

5 Marketing Reach Google and LinkedIn users viewed ads by the Greater Richmond Partnership over 53 million times last year.

6 Cost of Living Program Collaborative effort to increase regional exports with GRP, the VCU Center for Urban and Regional Analysis, Virginia s Gateway Region, JP Morgan Chase and VEDP.

7

8 Projects Industry Breakdown (YTD)

9 Domestic vs International Prospects 63% 37% Domestic International Richmond continuously ranks one of the Top 10 Mid-Sized American Cities of the Future in Foreign Direct Investment (fdi) Magazine s North American Cities of the Future.

10 Richmond Region International Companies

11 Project Lead Source Localities 1% VEDP 7% 87% GRP Direct Consultants & Brokers 3% Allies Referral 2%

12 Travel Last Fiscal Year Domestic: Anaheim, CA Natural Products Expo West Austin TX SXSW Trade Show Little Rock, AR IEDC Economic Future Forum Big Rock Valley, MI ED Research Partners International: Los Angeles, CA LA Metro Mission Brussels, Belgium European Association of Chicago: Miami, FL Consultants Forum Regional Development Agencies Chicago Consultant Missions I, III, and III Northern Ohio Mission Central France Mission Logistics Development Forum NY/NJ/CT: Women in ED Forum UK Mission New York Metro Missions I and II Intl. Manufacturing Tech. Show Germany: Pittsburgh, PA InterCity Visit Chicago Metro Mission Dusseldorf Medica & Mission San Antonio, TX ED Institute Cleveland, OH IEDC Annual Hannover Hannover Messe & Mission San Diego, CA Bio International Dallas, TX Dallas Metro Consultant Mission Istanbul, Turkey World Association of Southern Florida Brazil Subsidiary Mission DC, VA: Investment Promotion Agencies (WAIPA) Tampa, FL IAMC Spring Conference DC Metro Consultant Missions I, II, and III South Korea: Denver Metro Denver Marketing Mission Washington, DC: Korea Mission Craft Brewers Conference Seoul, Korea Korea Medical Equipment Show Fort Lauderdale ED Institute Federal Forum Mumbai, India Mission GA/SC Southeast Consultant Mission Global Cities Summit Poland, Czech Eastern Europe Mission Jacksonville, FL IEDC Leadership Conference Select USA Sao Paulo Brazil Mission White House Summit Shanghai Metro China Mission

13 Travel in Current Fiscal Year International: Austria/Switzerland Mission Central France Mission England Mission Germany: Dusseldorf Medica & Mission Hannover Hannover Messe & Mission Ireland Mission Italy Mission Poland Mission Sao Paulo, Brazil Mission Shanghai Metro China Mission Toronto: IEDC Annual Toronto Metro Mission Domestic: California: Anaheim Natural Products Expo West Los Angeles LA Metro Mission Chicago: Chicago Consultant Missions I, II, and III Private Label Trade Show Process Expo Women in ED Forum Colorado: Denver Metro Denver Marketing Mission Vail Logistics Development Forum DC, VA, MD: DC Metro Consultant Missions I, II, and III DC Metro Mission Florida: Fort Lauderdale ED Institute St. Petersburg Consultants Forum Southern FL Brazil Subsidiary Mission Georgia/South Carolina: IAMC Spring Conference Southeast Consultant Mission Las Vegas, NV IEDC Leadership Conference Michigan: Cassopolis EDRP Retreat Lansing/Grand Rapid Mission Minneapolis, MN: IVC Minneapolis Metro Mission Nashville, TN: Craft Brewers Conference Nashville Mission Northern Ohio Mission NY/NJ/CT: New York Metro Missions I and II Texas: Austin SXSW Trade Show Dallas Metro Consultant Missions I and II Fort Worth ED Institute Washington, DC: Federal Forum Global Cities Summit

14 Greater Richmond Partnership Real Estate/ Development Chesterfield County Legal & Accounting Banks/ Insurance Economic Development Allies Prospect Local Economic Development Offices Hanover County Henrico County Education/ Training City of Richmond Va. Economic Development Partnership

15 Global Assistance Program (GAP) Referral program to help the company find the right team of US lawyers, accountants, insurance agents, etc. All partners are highly qualified and have worked with international businesses before Information is kept confidential and first meeting with any partner is free

16 Past Three Fiscal Years - Announced Projects

17 GRP Project Examples 732 Jobs $8.2 million Investment Source: Broker 100 Jobs $100 million Investment Source: Company 55 Jobs $57 million Investment Source: Consultant 100 Jobs $1 million Investment Source: Private Company 500 Jobs $18 million Investment Source: Consultant 200 Jobs $10 million Investment Source: Consultant

18 Thank you! Rowena Fratarcangelo Vice President, Business Development Greater Richmond Partnership

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