Virginia International Trade Alliance (VITAL) expands Virginia’s nationally recognized international trade program via formal partnerships with Virginia’s public universities, industry associations and the Virginia Chamber of Commerce to serve their member companies as they expand international sales. Goals for VITAL include:
- Growing Virginia exports by $1.6 billion in five years
- Creating 14,000 trade-supported jobs in five years
- Increasing the number of companies enrolled in VEDP’s international trade programs to serve 390 companies per year
Market Research – VITAL has a Global Network of market research consultants in over 75 countries. These experts identify potential representatives, conduct due diligence and arrange “match-making” appointments with potential distributors and customers.
Trade Missions – VITAL helps Virginia companies meet potential customers and partners through participation in trade missions. These well-planned visits are business meetings set up on a company’s behalf to meet with potential buyers or distributors that are pre-qualified based on export market objectives.
University Trade Accelerator – As partners to VITAL, Virginia’s public universities will identify companies with international business as a corporate strategy and conduct international research to position these companies for global expansion. Universities will provide companies with customized business plans and market research to improve their export readiness and/or performance.