The GO Virginia State Board met Tuesday to consider a new project proposal to create an apprenticeship network that aims help build a talent pipeline for manufacturing jobs in Virginia, but ultimately the board deferred action on this project until it could fully address some underlying policy questions.
The board primarily focused its discussion on GO Virginia’s role in two initiatives already underway.
“There are a wide variety of activities that can effect a state’s economy, not all of which can be effectively influenced by local and state governments,” Ben Davenport Jr., vice-chairman of the GO Virginia State Board. “So, GO Virginia is working in each region to organically build on their regional strengths and provides support to efforts – like site development and local entrepreneurism – that will create high-paying job opportunities for our citizens and fundamentally change the long-term economic outlook for the Commonwealth.”
The coalition is comprised of business and community leaders, partners in education and government, and interested Virginians from across the commonwealth who support regional cooperation on private-sector growth, job creation, and career readiness.
GO Virginia is partnering with the Virginia Economic Development Partnership to build the commonwealth’s portfolio of available, ready-sites to attract out-of-state investments that will create new, high-paying jobs in Virginia. VEDP estimates that the lack of developable sites and buildings in Virginia has caused the Commonwealth to lose potential investments totaling $6.5 billion from 2005-2014. GO Virginia will be helping to identify regional solutions that will allow for a geographically-balanced portfolio of sites that align with growing target industry sectors in the state.
Building on the efforts of the Virginia Research Investment Committee, TEConomy Partners LLC is working with the nine GO Virginia regions to help assess their respective capacities for innovation and entrepreneurial activity. After working to further understand the regions’ unique economies throughout the fall, TEConomy plans to recommend region-specific strategies to help build entrepreneurial support for new business creation and the scaling-up of existing businesses. This effort will produce a toolkit of ideas and potential projects that regions can chose to adopt and utilize in the development of their innovation economies.