Launching a Coastal Resilience and Adaptation Economy

The Coastal Resilience and Adaptation Economy initiative takes a two-pronged approach to laying the foundation of an innovation ecosystem that will create a new, long-term, high-paying economic industry cluster.

The approach: 1) Builds resilience entrepreneurship through RISE’s proven business plan competition and accelerator services, including a product performance validation in Region 6’s network of real-world R&D test sites (i.e. Resilience Innovation Center) as an expansion of the Hampton Roads resilience living laboratory; and 2) Forms a multi-stakeholder, business-focused Region 5-6 Consortium to engage the broader business community in education about the risks and economic impacts of sea level rise, and builds capacity for the adoption of resilient practices. Aligning with both Region’s Growth & Diversification Plans, this initiative builds critical pathways and avenues for collaboration between the two regions and rural and urban economies. Further, as this sector grows, all other sectors are buoyed by the increased regional resilience to flooding, storms, and other stressors impacting coastal Virginia.

The project team includes Virginia Sea Grant (VASG, 7- university coalition, Region 6, Lead); RISE (non-profit, Region 5); Middle Peninsula Chesapeake Bay Public Access Authority (PAA, local government, Region 6); and Old Dominion University (ODU, Region 5), GO Virginia funds will be used to support contract for services with selected RISE competition winners, stipends for graduate students, development of the consortium, and planning and assessment of the public access sites for demonstration projects.

  • Statewide Project Theme: Entrepreneurial Activities/Workforce Development
  • Region 6 Priority Industry Cluster: Aquaculture / Seafood / Commercial Fishing / Marine Industries
  • GO Virginia Request: $2,937,163
  • Match: $3,696,411
  • Source of Match: MPCBPAA, VT, ODU, VASG, Localities
  • Project Type: Statewide Competitive
  • Localities: Region 5 and Region 6
  • How does this project create higher-paying jobs? This project creates higher-paying jobs by exploring new ways to combat sea-level rise and create an industry around this business.