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In May 2024, the Greater Richmond Partnership hired Ernst & Young LLP (EY) to assist with creating a new economic development strategic plan for FY26-FY30. Through this effort, GRP sought to accomplish the following objectives:

  • Develop a new five-year strategic plan to guide GRP’s work (2025-2030)
  • Confirm vision and identify priorities and goals based on research and stakeholder input
  • Update and clarify key performance indicators and metrics for success
  • Establish a roadmap to support the implementation of the strategy by GRP and its partners

FY26-30 Focused Initiatives

Strategic plan

Advancing business recruitment and cluster development

Strengthen lead generation: Generate leads and expand the pipeline for projects that increase the number of quality jobs and capital investment in target industries among domestic and international companies.

Cultivate industry clusters: Encourage alignment and coordination of cluster building efforts by facilitating connectivity and collaboration within target industry ecosystems.

Strategic framework

Amplifying awareness and shaping perception of the region

Build the identity of the Richmond Region: Bolster marketing and storytelling by creating a comprehensive, international campaign to expand audience reach and interest in Greater Richmond.

Attract talent through targeted marketing: Craft communications and content targeted to in-demand talent segments and integrate into business recruitment marketing efforts.

Strategic framework

Delivering world-class research and market intelligence

Create a center of excellence for research: Increase research capacity to stand up a Regional Research and Market Intelligence Center that informs and strengthens business recruitment, marketing and industry cluster growth.

Leverage expertise to assist partners: Provide proactive research assistance and actionable insights for GRP member localities and clients.

Strategic framework

Elevating regional competitiveness

Turning losses into wins: Leverage insights from business intelligence on lost projects to inform improvements needed to secure more future wins.

Advancing economic growth for all: Bring additive value to regional efforts to expand upward mobility and prosperity.

30 years of progress

Thanks to the support of GRP’s public and private sector investors

560+

Projects

$13.9b

Capital Investment

~55k

Jobs

Check out some of GRP’s most impactful projects

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