Virginia has landed several notable projects in recent years. In 2023, Amazon announced it will build two high-tech fulfillment centers and create 1,000 jobs in the state, while Northrop Grumman announced 300 new jobs at a $200 million advanced electronics manufacturing and testing facility in Waynesboro. In 2024, CoStar Group announced the relocation of its global headquarters and 500 jobs from Washington, D.C., to Arlington County. Topsoe announced in early May 2024 that it would invest more than $400 million to build a factory in Chesterfield County. The state’s trade accelerator is also helping businesses grow internationally. Virginia now exports more than $51 billion in goods and services annually, supporting over 257,000 jobs and generating more than $2 billion in tax revenue.
Data Center Retail Sales & Use Tax Exemption: Offers an exemption from retail sales and use tax for qualifying equipment purchased by data centers.
Major Business Facility Job Tax Credit: Offers a $1,000 income tax credit for each new full-time job created over the designated threshold.
Port Volume Increase Tax Credit: Offers a credit against corporate income tax of up to $250,000 for companies that increase its usage of ports by 5% in a single calendar year over its based year port cargo volume.
Major R&D Expense Tax Credit: Offers a bank franchise, individual and corporate income tax credit when incurring more than $5 million in qualified R&D expenses in a taxable year.
vedp.org
rva.gov/economic-development
grpva.com
yesvirginiabeach.com
norfolkdevelopment.com
fairfaxcountyeda.org
The Virginia Leaders in Export Trade (VALET) program helps companies facilitate access to international markets. The two-year international business acceleration program provides participants with international sales plan development services, assistance from international service providers, business meetings with potential partners and customized market research.
Twenty-four Fortune 500 companies headquartered in state, including:
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
