International Trade

Sixteen New Companies Accepted for VALET and Go Global with Coal & Energy Technology (GGCET) Programs

In August, Governor Terry McAuliffe announced that McLean-based MCR LLC, a premier provider of integrated program management services to the U.S. government and allied nations, has been awarded a four-year contract for approximately $8.1 million by the North Atlantic Treaty Organization (NATO) to provide key program management and technical support services to Supreme Allied Command Transformation (ACT) and Allied Command Operations (ACO). MCR received funding from the Going Global Defense Initiative (GGDI), a program administered by VEDP. The company is also a recent graduate of VEDP’s Virginia Leaders in Export Trade (VALET) program, a two-year international business acceleration program for Virginia companies.

Join us for the 68th Virginia Conference on World Trade. Meet, develop and cultivate international partnerships with a network from around the world.

International Business: Strengthening Your Future
October 4-5, 2016
Norfolk Waterside Marriott
235 East Main Street
Norfolk, VA 23510

Virginia companies meet new customers and grow international sales by exhibiting at international trade shows. With Virginia’s Trade Show Assistance Program, eligible companies may be reimbursed for certain expenses incurred through participation in international trade show exhibits.

 

 

In January, the Virginia Leaders in Export Trade (VALET) program graduated a dozen companies, raising the total of VALET alumni to 247 Virginia businesses ready to successfully export products and services globally with tools and expertise gained from VEDP. The graduating companies were recognized by Governor McAuliffe during a luncheon.

In early February, six Virginia companies participated in Winter Germany 2016, a technology exposition series held on the U.S.’s German military bases in Wiesbaden, Ramstein, Stuttgart and Grafenwoehr. This marked the first time VEDP has been involved in the Winter Germany Technology Expo, an annual event for defense contractors. Companies that participated are enrolled in VEDP's Going Global Defense Initiative (GGDI), a program specifically designed to help companies in the defense industry diversify their revenue stream by looking to international markets in light of pending domestic defense cuts.

Governor McAuliffe announced the signing of a Memorandum of Understanding (MOU) between the United States Africa Command (AFRICOM) and VEDP in January. AFRICOM is one of six geographic combatant commands in the Department of Defense and is responsible for military relations with African nations, the African Union and African regional security organizations.

 

The Virginia Economic Development Partnership (VEDP) has received grant funding for a third year of its Going Global Defense Initiative (GGDI). The purpose of this international program is to mitigate the negative impact of defense spending cuts on Virginia’s economy. With 5,000 defense companies in Virginia facing U.S. Department of Defense (DOD) announced spending reductions of more than $300 billion in the next five-plus years, Virginia stands to lose many high-paying jobs.

 

Governor Terry McAuliffe announced the creation of the Virginia International Trade Alliance (VITAL), a new initiative managed by the Virginia Economic Development Partnership (VEDP) that will increase international trade in Virginia. VITAL expands the Commonwealth’s nationally recognized international trade program via formal partnerships with Virginia’s public universities, industry associations and the Virginia Chamber of Commerce to serve their member companies as they expand international sales.

 

In January, the Virginia Leaders in Export Trade (VALET) program graduated a dozen companies, raising the total of VALET alumni to 247 Virginia businesses ready to successfully export products and services globally with tools and expertise gained from VEDP. The graduating companies were recognized by Governor McAuliffe during a luncheon.

 

VEDP International Trade hosted more than 290 professionals at the 67th annual Virginia Conference on World Trade in Norfolk.

Between April and June, 37 Virginia companies traveled with VEDP’s International Trade team on six trips. The team helped the companies forge international relationships through trade missions to Brazil, Mexico and Canada and participate in several trade shows — LAAD, the Global Petroleum Show and the Paris Air Show.