Virginia Economic Development Partnership

Istanbul, a city full of magic

We just returned from an amazing group market visit to Istanbul, a city full of magic, for both business and pleasure.  I was fortunate to have a great group of companies with me, who represented the best and brightest from across Virginia, and they all received a very warm welcome from the Turkish business community. … Read more

VEDP – International Trade Hosts Group Market Visit in UK

Despite European airspace having been closed for 6 days due to volcanic ash rising from the Eyjafjallajoekull Volcano in Iceland, last week, VEDP – International Trade successfully completed its 12th group market visit to United Kingdom since 2000.  With the help of our overseas contractor, the participating companies attended prearranged face-to-face meetings with prescreened UK… Read more

Service Exports in Virginia

Service exports—really–what is all the buzz about service exports anyway?  For starters, what is a service export, you ask?  You’re in luck because I have the answer.  A service export is broadly defined as “intellectual, knowledge, or technology transfer of a value-add activity with profits resulting in [our case] Virginia.”    Common service exports include travel & tourism,… Read more

Tax Saving Strategy for Exporters

Still have taxes on your brain?  Owner-managed exporting businesses can recoup their tax savings by creating and interest charge-domestic international sales corporation (IC-DISC).  The IC-DISC provides a permanent 20% tax savings for qualifying U.S. exporters.  Sounds worth checking into.  Does your company qualify?  If your company has any transactions outside of the U.S., uses overseas distribution,… Read more

VEDP Goes to Vancouver!

Vancouver, British Columbia, home of the 2010 Winter Olympics!  And also home, for one week, to three Virginia companies (7 individuals) that participated in VEDP – International Trade’s Group Market Visit to Vancouver (and surrounding areas) in mid-March.  During their visit, a total of 32 private, one-on-one meetings were facilitated between Virginia companies and prospective… Read more

Virginia’s Port System

It’s amazing to me how often I take things for granted.  I can’t tell you how many times I’ve been on the highway and complained about there being too many tractor trailers cluttering up the roads.  I never took the time to consider how important these trucks are to my livelihood; how they transport the… Read more

State Helps Companies Increase International Sales

I love my job.  I don’t write that sarcastically–I genuinely mean that I-LOVE-MY-JOB.  What I love so much about my job is that not only do I get to push the limits trying new technology as a means of reaching out to business people in our Commonwealth, but that what I do, and what each… Read more

Another State Looks to Virginia for Advice

I just got off the phone a few minutes ago with a representative from an international trade organization located in another state.  She was calling to ask for advice on how we structure and promote our group market visits.  (They still call them trade missions–six of one, half dozen of another in our book.)  It turns out… Read more