Strategic Framework – Broad, primary focus areas
In order to make the most informed decisions regarding Project funding, the GO Virginia Project Team developed a set of Targeted Industries supported by a Strategic Framework. The team conducted research identifying what makes Region 8 economically competitive and how to enhance opportunities for job growth in industries with high paying wages.
Targeted Industries – Specific areas of focus for economic development initiatives
Target Industries were selected based on quantitative and qualitative information, to be the future focus for economic development initiatives in Region 8. The sectors were chosen based on a wide list of criteria with a heavy emphasis on the following criteria outlined in the GO Virginia Initiative:
- Industries in the sector have high earnings potential for workers.
- Industries in the sector are export-oriented.
- Industries in the sector demonstrate strong current or projected employment growth.
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