Virginia Economic Development Partnership was created in 1995 as the state economic development authority for the Commonwealth of Virginia. The economic development office works with local, regional, and state partners to encourage the expansion and diversification of Virginia's economy. Core business verticals include business recruitment, expansion, international trade, site and infrastructure readiness, and incentive support for companies considering investment in Virginia. The partnership also promotes Virginia's business climate and supports projects that help companies launch, grow, and strengthen supply chains.