Looking east at the property january 5, 2010


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LOOKING EAST AT THE PROPERTY JANUARY 5, 2010



HERON’S LANDING POOL TO THE NORTH OF PROPERTY JANUARY 5, 2010



VIEW EAST TO WEST JANUARY 5, 2010

























Overview of the New River Valley Economic Development Alliance



THE NEW RIVER VALLEY



Question???

  • What is Economic Development?



Definition

  • Economic Development:

  • A way to help facilitate business, commerce, job creation, and investment in a community.



“Layers” of Economic Development

  • State Level (VEDP, DBA, VEC, etc.)

  • Regional Organizations

  • Local Level

  • Other (Private Sector, Universities, etc.)

  • Individuals – You!!!



Regional Economic Development Organizations in Virginia



Regional Economic Development Organizations in Virginia



Economic Development Umbrella

  • + Business/Industrial/Hi-tech Recruitment

  • + Existing Industry

  • + Tourism

  • + Downtown Revitalization

  • + Commercial/Retail Development

  • + Research & Development/Entrepreneurs



The Alliance – What We Do

  • + Business/Industrial/Hi-tech Recruitment – The Alliance

  • - Targeted Focus - Marketing

  • - Huge Potential (available land and buildings and talent)

  • - Transitioning Economy

  • - Excellent Workforce

  • - Find, Facilitate, and Follow-up (the 3 F’s)

  • - The Additional “F” - FOCUS

  • When times are difficult it is vital to focus your efforts

  • on the things that will bring to pass the best results.



Targeted Focus

  • + New River Valley’s Target Industries

  • - Advance Manufacturing - Heavy Truck Industry

  • - Automotive Suppliers - Home Building Products

  • - Biotech & Life Sciences - Information Technology

  • - Data Centers - Nanotechnology

  • - Food & Natural Products - Power Generation/Renewable Energy

  • - Government & Defense - Plastics/Polymers/Chemicals

  • - Warehouse/Distribution



The Alliance – What We Do Targeted Focus – How do we Target our Audience???

  • What we do:

  • Online Presence/Marketing

  • Search Engine Optimization (SEO)

  • Marketing Missions

  • Call Campaigns

  • Direct Mail

  • Trade Shows

  • Seminars

  • Advertisements

  • Social Media Networking

  • Network, Partner, Collaborate

  • Site Selectors and VEDP



The Alliance – What We Also Do

  • What we also do:

  • ACCRA Cost of Living Index

  • Grantee for the Foreign Trade Zone (FTZ #238)

  • Market the Virginia TradePort including the POE #1412

  • Maintain a regional outlook for the New River Valley

  • International Outreach with the I3 Network

  • Specific company due diligence

  • Act as a liaison with the Virginia Economic Development Partnership

  • Represent the region throughout Virginia at meetings such as VEDA, VEDP Allies, SEDC, IEDC, PEP, MREDC, etc.



The Alliance – What We Don’t Do

  • What we don’t do:

  • Tourism (not yet)

  • Retail/Commercial

  • Incentives

  • Close the deal

  • Performance Agreements

  • Existing Industry (not much)

  • Research and/or Data mining

  • Product Development (not yet)

  • Small Business Assistance

  • Workforce Development



The Alliance – How We Are Funded

  • The Alliance was incorporated as a non-profit 501c(6) on February 6, 1990. The Alliance receives $1 per capita funding from the counties of Floyd, Giles, Montgomery, Pulaski and the City of Radford. The Alliance also receives additional support from the ten towns that make up the New River Valley. The Alliance receives a significant amount of its budget each year from private sector contributions. Roughly 60% of the Alliance budget are public sector contributions and 40% are private sector contributions.



Marketing Calendar



History and Performance



The Alliance – Success Stories

  • FedEx Ground via the Fischer Companies

  • Inorganic Ventures

  • Planet Care, Inc.

  • Jenmar Corporation

  • Moog Components Group

  • James Hardie Building Products

  • Dex

  • UXB International



So How Are We Doing???

  • Awards and Accolades for the New River Valley

  • Blacksburg/Christiansburg/Radford MSA ranked 5th for 2006 Top Metros by Number of Projects with Population less than 200,000 by Site Selection Magazine

  • Named a "Perfect Place" and one of the "Top 10 Dream Towns" by Outside Magazine.

  • Named the 8th best "emerging" area in the U.S. by Cities Ranked & Rated.

  • Named one of the "Top 50 Places to Live" by Men's Journal

  • Named a "5-Star Quality of Life Metro" and a "5-Star Knowledge Worker Metro" by Expansion Management.

  • 2nd highest number of PH.D.'s per capita in the U.S. -Expansion Management.

  • 14th "Best Educated Technical Work Force" in the U.S. -Expansion Management.

  • Named a "5-Star Business Opportunity Metro" by Expansion Management.

  • Virginia Tech Corporate Research Center named "Best Practice in Technology Transfer and Research Centers" by National Council for Urban Economic Development.



So How Are We Doing???

  • Awards and Accolades for the New River Valley

  • (Continued)

  • Virginia Tech Corporate Research Center received the "Excellence in Technology Led Economic Development Award" by Economic Development Administration.

  • Virginia Tech ranked in the top 55 Research Universities in the United States with $268.8 Million in Research Expenditures by National Science Foundation.

  • Virginia ranked first as "Best States for Business" by Forbes.com.

  • Blacksburg, Virginia ranked "Best Small Places for Business" by Forbes Magazine.

  • Ranked 4th for Public Schools in the Country "5-Star Quality of Life Metros" by Expansion Management.

  • Blacksburg High School ranked 319th out of the "Top High Schools in America"  by Newsweek Magazine.

  • Ranked the 3rd most secure town to live in the U.S. by the Third Annual Farmers Insurance Group of Companies Study.



New River Valley Video



THANK YOU FOR YOUR INTEREST IN THE NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE














































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