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Virginia Economic Development Partnership

Spotlight On: Virginia Leaders in Export Trade (VALET) Program

This case study was published in the International Economic Development Council’s (IEDC) “Economic Development Credit Analysis and Finance” manual. The economic importance of exports for states and localities has risen significantly in recent years. According to Virginia’s 2015 International Trade Profile, exports drove 27% of American economic growth in 2014 and reached an unprecedented $2.35 trillion that year…. Read more

Are you risking your company’s compliance by relying on your freight forwarder?

When exporting a product or service, whether defense-related or dual-use, regulated by ITAR or EAR, it is important to remember that as the exporter, the U.S. government requires you to take steps to ensure that your company is in compliance before selling overseas. Frequently, we see small companies that export products “outsource” their export compliance… Read more

UPS X-PORT Challenge

Your business could win $10,000 in free export credits from UPS! You’re invited to participate in the UPS X-PORT Challenge, a competitive event that helps local businesses connect with the world. This is an exclusive event delivered by UPS, a VEDP – International Trade Partner. Small businesses that enter the contest will: Have the chance… Read more

ITAR for Government Contractors

One of the most important areas of regulation for defense contractors is the International Traffic In Arms Regulations (“ITAR”). ITAR are the State Department controls that regulate the defense industry.2 Companies regulated under ITAR are subject to a number of requirements including registration, licensing, restrictions on transferring controlled technical data and performing defense services, among others…. Read more

Container Weight Mandate

In four months (effective date is July 1, 2016), all shippers subject to Safety of Life at Sea (SOLAS) requirements will be held responsible for providing the verified gross mass (VGM) of every single container it exports. The SOLAS Convention has over 150 contracting States, which flag about 99% of merchant ships around the world… Read more

Three Must-See Videos Before Doing Business Abroad

Growing your sales abroad can be a confusing process. To get you the information you need to know, we’ve teamed up with experts to bring you three short videos on doing business abroad. Your Global Value Proposition Global business is easier and less risky than ever before. Business abroad are ready and willing to buy… Read more

2017 Beyond Virginia Calendar Contest

Have Your Company Featured in the 2017 Beyond Virginia Calendar Contest! Showcase the products and services your company sells around the world. The Beyond Virginia Calendar is designed to highlight outstanding Virginia companies that market products and services internationally. The calendar offers a unique opportunity for these companies to share their international success stories. Each… Read more

Contract is ‘game changer’ for Roanoke company

If schools in Virginia didn’t know Interactive Achievement’s name before, they may soon. The Roanoke-based firm is one of two companies that landed a contract from the Virginia Department of Education (DOE) to offer software to school divisions in the commonwealth (the other company is White Plains, N.Y.-based eScholar LLC). “It’s a game changer,” John… Read more

What the TPP Means for Virginia Exporters

On October 5, 2015, Ministers of the 12 Trans-Pacific Partnership (TPP) countries – Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam – announced conclusion of their negotiations. The TPP eliminates or reduces tariff and non-tariff barriers across substantially all trade in goods and services and covers the… Read more

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