REPORTS & PUBLCATIONS

FY 2023 Annual Report

REPORTS & PUBLCATIONS

FY 2023 Annual Report

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In a year marked by momentous milestones, robust investments, and remarkable accomplishments, Richmond is a recognized leader in economic development.

In FY 2023, Richmond continued capturing the attention of onlookers worldwide with its dynamic local economy, vibrant commercial districts, large-scale development projects, and job and population growth.

The City and its partners claimed nine Excellence in Economic Development Awards from the International Economic Development Council (IEDC), illustrating our dedication to impactful economic development work. Richmond’s labor force reached historic highs, strengthened by our robust talent pipeline. The life sciences sector continues to expand, highlighting our commitment to innovation. Record-breaking announced capital investment, driven by transformational redevelopment projects, strengthens our foundation for a prosperous future.

We also launched the new Richmond Real brand for the City’s external Economic Development efforts, with the tagline: “Real Talent. Real Growth. Real Success.” We’ve carried this theme throughout the report to highlight how our collective efforts and strategic initiatives bolster Richmond’s trajectory for success.

Interested in growing your business in Richmond, Virginia?
Reach out to Richmond Economic Development.

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Matthew Welch

ACTING DIRECTOR OF ECONOMIC DEVELOPMENT

804.646.5874
Matthew.Welch@rva.gov

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Katie McConnell

SENIOR DEPUTY DIRECTOR
 

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Statia Gibson

BUSINESS INVESTMENT & JOB CREATION

804.646.6737
Statia.Gibson@rva.gov

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Jacquelyn Craft

BUSINESS RETENTION & EXPANSION