Governor Kaine Accepts Virginia International Trade Alliance Recommendations

Richmond - Governor Timothy M. Kaine today accepted recommendations from the Virginia International Trade Alliance (VITAL), a coalition of companies across the Commonwealth dedicated to the advancement of international trade and investment. As a result, VITAL will proceed with several initiatives toward the development of a coordinated international marketing strategy for Virginia.

“I applaud VITAL and its many business members for the contributions they have already made to Virginia’s global business reputation,” said Governor Kaine. “Great things lie ahead and I look forward to working with VITAL to realize new international opportunities for all Virginians.” 

Since May, VITAL members have compiled recommendations to address pressing international economic issues in ten key areas. In 2008, VITAL will begin to implement the approved recommendations. 

VITAL’s 2008 work plan spans both trade and investment activities, including such initiatives as:

• Establishing a referral network for international inquiries;
• Creating a consortium of private-sector service providers to assist foreign companies interested in establishing a presence in Virginia; 
• Developing an online service exporters directory;
• Selecting a marketing slogan for use in marketing Virginia globally.

A comprehensive list of initiatives can be found at www.vitalforva.org. 

VITAL was launched in June 2007 in response to Governor Kaine’s economic development strategic plan that calls for a coordinated international marketing effort to increase Virginia’s exports by 7 percent by 2010, and increase foreign direct investment in the Commonwealth to 3,000 jobs and $300 million per year. 

As a non-profit, public-private entity, VITAL provides a platform for Virginia’s businesses—large and small—to network and reach expanded opportunities internationally. It currently has more than 60 member companies statewide.