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Virginia Economic Development Partnership information

What is the Virginia Economic Development Partnership (VEDP)?

The Virginia Economic Development Partnership (VEDP) is a state authority that works to promote economic growth in Virginia by attracting new businesses, supporting existing companies, and encouraging investment in the state. VEDP collaborates with local, regional, and state partners to create jobs, expand the tax base, and enhance the overall economic well-being of Virginia. The organization provides a range of services, including site selection assistance, market research, workforce training, and support for international trade.

What is the difference between Virginia Economic Development Partnership vs Virginia Business Development Specialist?

AspectVirginia Economic Development PartnershipVirginia Business Development Specialist
CredentialsBachelor's degree in economics, business, or related field; experience in economic developmentBachelor's degree in business, marketing, or related field; experience in sales or business support
Work EnvironmentGovernment agency, office-based, collaborativeOffice setting, client-facing, community engagement
Employer & IndustryState government, economic development sectorPrivate companies or government agencies, business support services
Search & Comparison IntentUnderstanding roles in economic development organizationsRoles supporting business growth and client relations

The Virginia Economic Development Partnership focuses on statewide economic growth initiatives, policy development, and attracting investments. In contrast, a Virginia Business Development Specialist typically works directly with local businesses to support growth and sales. While both roles involve economic and business development, the Partnership has a broader, strategic focus, whereas the Specialist emphasizes direct client engagement and support.

What types of projects and collaborations can I expect to work on at the Virginia Economic Development Partnership (VEDP)?

At VEDP, you can expect to engage in a variety of projects that promote economic growth, such as supporting business attraction and expansion, conducting market research, and facilitating workforce development initiatives. Collaboration is a key aspect of the role, as you will regularly partner with local governments, business leaders, and state agencies to develop and implement strategies that drive investment in Virginia. These collaborations often involve cross-functional teams, providing ample opportunities to learn from colleagues with diverse expertise and to contribute to impactful, high-visibility projects that shape Virginia's economic future.

What are the key skills and qualifications needed to thrive at the Virginia Economic Development Partnership, and why are they important?

To excel at the Virginia Economic Development Partnership, candidates generally need expertise in economic development, business analysis, and project management, often supported by a degree in business, economics, or a related field. Familiarity with CRM software, data analysis tools, and economic impact modeling systems is typically expected. Strong interpersonal skills, negotiation abilities, and public speaking are vital for building relationships with stakeholders and promoting Virginia as a business destination. These skills and qualifications are essential for driving investment, fostering job creation, and supporting the state's economic growth.
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Virginia Economic Development Partnership jobs near you
Infographic showing various Virginia Economic Development Partnership job openings in Virginia as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution.

Assistant Vice President

Virginia Economic Devel Partnership

Richmond, VA • On-site

$130K - $150K/yr

Full-time

Posted 4 days ago

Job description

The Virginia Economic Development Partnership (VEDP) is seeking an experienced and strategic leader to serve as Assistant Vice President (AVP) of Incentives. This pivotal position will oversee the design, implementation, and administration of Virginia’s economic development incentive programs—tools that help attract and retain major business investments and create high-quality jobs across the Commonwealth.

The AVP will assist in leading a high-performing team, collaborate with local and regional partners, and ensure the integrity, transparency, and impact of VEDP-administered incentives. This role requires a mix of analytical rigor, policy expertise, and exceptional leadership, diplomacy, and communication skills.

Key Responsibilities:

Division Leadership & Administration

  • Assist in leading operations and programs of VEDP’s Incentives Division, providing strategic direction and team leadership.
  • Develop and maintain policies, procedures, and training resources to ensure effective incentive administration.
  • Serve as a resource on statutory and policy requirements, collaborating closely with VEDP’s Legal team.
  • Represent VEDP in meetings with state agencies, legislators, site selectors, and local partners.
  • Participate as an active member of the executive leadership team, supporting cross-organizational initiatives.

Project Review & Due Diligence

  • Oversee the Project Review and Credit Committee (PRACC) process, ensuring thorough documentation and risk assessment.
  • Lead development of policies and procedures governing VEDP-administered incentive programs.
  • Conduct financial and reputational due diligence on projects, coordinating approvals with the Secretary of Commerce and Trade and the MEI Project Approval Commission.
  • Ensure all data and approvals are accurately captured in Salesforce.

Return on Investment (ROI) Modeling

  • Modernize and maintain VEDP’s ROI model to evaluate multiple incentive scenarios efficiently and accurately.
  • Provide detailed fiscal impact analyses to inform incentive offers and policy decisions.

Incentive Structuring for Major Projects

  • Collaborate with the SVP of Business Investment and project teams to design performance-based incentive structures for major investments (e.g., headquarters, advanced manufacturing, logistics hubs).
  • Develop multiple incentive options and assist with the creation of project term sheets, presentations, and contractual documents.

Monitoring & Compliance

  • Oversee administration, reporting, and compliance for all VEDP-administered incentives.
  • Coordinate with internal teams and legal counsel on contract drafting, milestone verification, extensions, and recovery actions.
  • Ensure all project metrics and documentation are accurately tracked in Salesforce.

Reporting & Analysis

  • Provide semiannual updates to the VEDP Board on project performance.
  • Oversee statutory reporting and develop public transparency tools for incentive activity.
  • Leverage compliance analytics to strengthen policies, mitigate risk, and improve program effectiveness.

Job Qualifications:

  • Demonstrated expertise in incentive program design, fiscal analysis, and compliance oversight
  • Strong analytical and modeling skills (advanced Excel required)
  • Exceptional communication and stakeholder engagement abilities
  • Experience managing complex cross-agency projects and presenting to senior leadership or legislative bodies.

Experience:

  • 10+ years in economic development, finance, or public administration, with at least 5 years in a leadership role

Why Join VEDP

At VEDP, you’ll help shape Virginia’s economic future-fostering business growth, job creation, and community prosperity. The Incentives Division plays a critical role in ensuring the Commonwealth’s investments deliver measurable value for its citizens. You will work alongside mission-driven professionals in a collaborative, high-impact environment that values innovation, accountability, and integrity.

Being authorized to work in the U.S. is a precondition of employment. VEDP uses the E-Verify system and does not provide sponsorship.

A valid Virginia’s driver’s license and ability to obtain a passport is required. All candidates must apply through our website https://www.vedp.org/careers. Salary Range: $130,000-$150,000. Application deadline: August 10, 2026.

This is a Richmond-based position with hybrid work options.

VEDP is an Equal Opportunity Employer. All applicants are considered for employment without regard to race, sex, color, national origin, religion, sexual orientation, gender identity or expression, age, veteran status, political affiliation, genetics, or against otherwise qualified individuals with disabilities. It is VEDP’s intent that its employment and personnel policies and practices conform to all applicable federal, state, and local laws and regulations regarding non-discrimination and affirmative action. Applicants requiring more information or requiring assistance may contact VEDP Human Resources at 1-804-545-5634 or vedphr@VEDP.org. TDD 1-800-828-1120.