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%.
