The Virginia Economic Development Partnership (VEDP) today announced that several Virginia defense companies are touting business success following participation in the 2015 Canadian Defense, Security and Aerospace Exhibition Atlantic (DEFSEC Atlantic) that took place September 8-10 in Halifax, Nova Scotia, Canada. One Virginia company received a purchase order, a second company is awaiting issuance of… Read more

Governor Terry McAuliffe announced today that Virginia has received $578,500 in grant funding from the U.S. Small Business Administration’s State Trade and Export Promotion (STEP) Grant Program.  The STEP grant is designed to increase the number of small businesses that are exporting and to raise the value of exports for those small businesses that are… Read more

Governor Terry McAuliffe announced today that Virginia has received $1.8 million in grant funding for a third year of its Going Global Defense Initiative (GGDI), administered by the Virginia Economic Development Partnership (VEDP).  The GGDI was created to mitigate the negative impact of defense spending cuts on Virginia’s economy. Speaking about today’s announcement, Governor McAuliffe… Read more

Governor Terry McAuliffe announced today the Go Global with Coal & Energy Technology (GGCET) program, a collaboration of the Governor’s Office, the Virginia Coalfield Economic Development Authority (VCEDA) and the Virginia Economic Development Partnership (VEDP) as a result of the Governor’s 2014 Energy Plan. Speaking about today’s announcement at an event in Bluefield, Virginia, Governor… Read more

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

Business is done differently all around the world. As you prepare for your next international business trip, don’t forget to learn about local customs and business etiquette! Knowing whether to start off a meeting with small talk, a handshake, or an exchange of business cards can put you on the right path to forming relationships with overseas customers. To… Read more

While Value-Added Tax (VAT) is not currently imposed in the United States, all companies interested in exporting should be aware of VAT because it can impact almost every transaction while doing business overseas. What is Value-Added Tax? A Value-Added Tax (VAT) is an indirect tax on corporations and individuals that is applied to the value… Read more

When you are preparing to attend a trade show, think about what you want to accomplish once you are there. For example, is your goal to generate leads? Create awareness of a product or service? Or establish relationships with customers? Be sure to bring appropriate brochures, giveaways, etc. that correspond with your goals. And don’t… Read more

Relationships and longevity matter in the international marketplace. And, paying attention to cultural differences and behaving appropriately could make the difference between a deal and no deal. So, whether you are standing in front of a podium delivering a presentation or sitting at a conference room table discussing the benefits of your product or service… Read more

The Virginia General Assembly recently enacted legislation that will allow qualified exporters to receive a permanent tax savings of 20% or more by utilizing an IC-DISC (Interest Charge-Domestic International Sales Corporation). The IC-DISC has enabled many exporting companies to achieve significant tax savings.  How does it work? An eligible U.S. exporting company forms a special U.S…. Read more