Investment Strategies and Recommendations – Entrepreneurial Development and Startup Ecosystems

Entrepreneurs have the ability to change their personal economy and the economy of their community through the development and sale of their products and services. Yet, there is little help available to help those with an idea to learn how to be successful, enter the marketplace, and prosper.

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Mary Ball Washington GO Virginia Region 6 Council Approves New Projects

For Immediate Release: February 11, 2020

Contact: Jennifer Morgan

morgan@gwregion.org | 540-642-1571

 

GLENNS, VA – The Mary Ball Washington GO Virginia Region 6 Council announced Monday, February 10th, its eighth round of project grants for initiatives to grow and diversify regional economies across the state. The Mary Ball Washington GO Virginia Region 6 Council approved two projects from across Region 6 for a total of $137,500 in GO Virginia Region 6 funds. This will leverage more than $240,000 of local, federal, and private sector funding toward the two projects.

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Investment Strategies and Recommendations – Workforce Development

Sixty percent of the Region 6’s workforce commutes out of the region every day to go to work. The challenge for the region is to develop strategies that will allow these commuters to work closer to home. The lower wage rates paid in the region are a deterrent to luring these commuters to work in the region illustrating the need for higher-wage employment opportunities.

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Stakeholder Engagement in Development the Growth and Diversification Plan

A series of stakeholder engagement workshops were held across the region to discuss what is important to the region in terms of growth and development. Meetings were held with the chief administrative officers and Planning District Commission staff of each of the three subregions, George Washington Region, Middle Peninsula, and Northern Neck.

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Deep Dive: GO Virginia Region 6’s Growth and Diversification Plan

During the formation of the GO Virginia Initiative, the original legislation directed each of the nine sub-regions to develop and implement an Economic Growth and Diversification Plan. This plan provides the strategic framework that each region uses to solicit and approve proposals for GO Virginia funded regional economic development projects.

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