Virginia Allies Meeting April 2, 2009

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Virginia Allies Meeting April 2, 2009. Virginia’s Target sectors. Virginia’s Target sectors. Announcements since June 2008. Central Virginia Hampton Roads Northern Virginia Southside Virginia Southwestern Virginia Valley. Newport News LLC. Return on Invested Capital. Parameters - PowerPoint PPT Presentation

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VIRGINIA ALLIES MEETING

APRIL 2, 2009

VIRGINIA’S TARGET SECTORS

VIRGINIA’S TARGET SECTORS

ANNOUNCEMENTS SINCE JUNE 2008

Central Virginia

Hampton Roads

Northern Virginia

Southside Virginia

Southwestern Virginia

Valley

Newport News LLCNewport News LLC

RETURN ON INVESTED CAPITAL

Parameters• Performance data from FY2002-FY2007 updated semi-annually (current to 2nd qtr. 2008)• 162 projects received GOF year to date• GOF Disbursements – $63.01 million year to date• Total Incentive Grants – $164.99 million (TROF, VJIP, VIP, EZ, etc.) year to date

Results to Date (since FY2002)• Gross Revenue – $1,078,310,000• Net State Revenue – $913,320,000

Projected 10 Year Returns on Existing Companies• GOF Disbursements – $63.31 million• Total Incentives – $232.11 million• Gross Revenue – $2,274,270,000• Net State Revenue – $2,042,160,000• State Benefit to Cost Ratio: $10 to $1

CURRENT PROJECT DYNAMICS

VIRGINIA’S GROWTH POTENTIAL

SCIENCE AND RESEARCH & DEVELOPMENT

SECURITY & SERVICES

ADVANCED MANUFACTURING

TRANSPORTATION & GLOBAL LOGISTICS

VALET PROFILE OF PROGRAM PARTICIPANTS

ALL VALET PARTICIPANTS (2002-2009)

VALET PROGRAM VALUE

Virginia companies use the VALET Program to increase international sales by an average of 88%.