Virginia Governor Ralph Northam and other members of his administration left for Europe on an international marketing and trade mission this week.
From November 7 to 12, the Governor and his delegation will participate in 20 meetings in Belgium, Spain and Germany. The meetings will focus on foreign direct investment and will include two business roundtables to encourage business leaders to consider Virginia as a location for future investment.
“Virginia has an incredible track record for attracting international businesses,” Northam said in a statement. “Our inclusive policies, strong workforce, quality infrastructure, and access to the world-class Port of Virginia make the Commonwealth an ideal location for businesses looking to set up shop in the United States. I look forward to building and strengthening relationships this week.
Northam will visit Basque in Spain. Basque and the Commonwealth signed a memorandum of understanding about three months ago, which expresses the intention to jointly develop and implement renewable energy, energy efficiency and storage technology.
According to CNBC’s ranking, Virginia is the best state in which to do business. However, a recent JLARC report showed that the Commonwealth lags behind the national average in terms of GDP, income and labor force growth over the past decade. State growth was less than two-thirds of the national average in all three categories.