Economic Development

The University for Virginia

Stylized image of Virginia

The University of Virginia accelerates robust, enduring, and inclusive economic growth that improves lives and promotes flourishing communities across Virginia.

  • Amplifying growth through research, innovation, and entrepreneurship
  • Joining forces with local and state partners to recruit and retain industry in Virginia
  • Empowering a future-ready workforce with the necessary skills in a rapidly changing world
  • Economic impact $5.9 billion Generated for Virginia by UVA every year
  • Employment impact 51,600+ jobs Created and sustained by UVA
  • Government revenue impact $239.9 million State and local government revenue attributable to UVA

Spotlight

UVA’s Economic Impact on Virginia
UVA’s Economic Impact on Virginia

The University of Virginia advances economic prosperity through high-impact engagement with companies, communities, localities, non-profits, and education partners. As we begin our third century, we reaffirm our commitment to service to the Commonwealth. Explore our strategy for amplifying economic impact across Virginia.

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Our impact

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UVA Supports Localities to Tackle Traffic Safety

UVA Supports Localities to Tackle Traffic Safety

UVA's Center for Transportation Studies hired its first Safety Circuit Rider Engineer to fully deploy its Safety Circuit Rider Program. The program serves a critical function by helping local governments and agencies improve the safety of their road systems, offering traffic, pedestrian, and transit solutions coupled with guidance around funding opportunities for implementation.

Training Engineers to Solve Complex, 21st Century Problems

Training Engineers to Solve Complex, 21st Century Problems

UVA Engineering is responding to a need for engineers trained to solve the complex, global problems of the 21st century. The newly launched Department of Engineering Systems and Environment will unite students, faculty, and staff from multiple engineering disciplines for a whole-system approach to modern challenges.

UVA's NSF I-Corps Site Program Builds on Strengths of Entrepreneurial Ecosystem

UVA's NSF I-Corps Site Program Builds on Strengths of Entrepreneurial Ecosystem

UVA will receive funding to train teams of students and faculty research scientists to inspire effective innovation and entrepreneurial thinking. Teams will be introduced to real-world, hands-on training that helps move ideas from the laboratory to the marketplace.

Event Highlights Regional Growth in the Biotechnology Sector

Event Highlights Regional Growth in the Biotechnology Sector

The Cville Bio Hub partnered with UVA and the City of Charlottesville to secure an $80,000 grant from GO Virginia to promote the growth of the biotechnology industry in the region. A kick-off event with UVA, GO Virginia, the Cville Bio Hub, and Virginia Bio discussed this new initiative and how it will help advance progress in our community.

Secretary of Commerce and Trade Visits UVA

Secretary of Commerce and Trade Visits UVA

Secretary of Commerce and Trade Brian Ball visited UVA on Friday, September 28, 2018. The Secretary engaged with UVA faculty and administrators to discuss UVA's economic development initiatives and efforts to create impact across the state..

UVA Research Park Becomes First Certified "Ready Site" in Virginia

UVA Research Park Becomes First Certified "Ready Site" in Virginia

A 253-acre site at the University of Virginia Research Park is now certified by the Commonwealth of Virginia as infrastructure ready through the Virginia Business Ready Site Program (VBRSP). The availability of large, project-ready sites is critical to attracting new investment to Virginia and opens the door for many economic development opportunities that would otherwise not be possible.

Charlottesville Tomorrow

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Addressing the Opioid Crisis in Virginia

Addressing the Opioid Crisis in Virginia

UVA helps address the opioid crisis by dedicating expertise and resources from an array of disciplines to tackle the problem throughout the state, including Virginia's most rural areas.

Virginia Legislature Expands UVA's Kindergarten Readiness Program Statewide

Virginia Legislature Expands UVA's Kindergarten Readiness Program Statewide

The General Assembly recently funded statewide expansion of the UVA-developed Virginia Kindergarten Readiness Program, which measures the skills a kindergartner needs to succeed. UVA is invested in improving education at all levels.

UVA Today

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UVA Delivers 1,000th Telestroke Consultation

UVA Delivers 1,000th Telestroke Consultation

UVA provided its 1,000th telestroke consultation in 2018, delivering immediate response from board certified stroke neurologists at UVA to patients across Virginia.

Cville Bio Hub Awarded $80,000 GO Virginia Grant

Cville Bio Hub Awarded $80,000 GO Virginia Grant

The Cville Bio Hub has been awarded over $80,000 from the GO Virginia initiative to expand and sustain the biotechnology ecosystem in the region. UVA partnered with the Cville Bio Hub on this grant because of the project's alignment with an economic development goal: to support innovation and emerging industry clusters in Central Virginia.

Pace Lochte

Pace Lochte

Assistant Vice President for Economic Development

434-924-7566

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Building Local Economies in Southwest Virginia

Building Local Economies in Southwest Virginia

UVA played a big role in establishing the Clinch River Valley Initiative (CRVI), a multi-partner effort to build local economies in Southwest Virginia by leveraging the natural assets of the Clinch River.

The Clinch River Valley Initiative

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Virginia Sea Grant Awarded GO Virginia Funding

Virginia Sea Grant Awarded GO Virginia Funding

GO Virginia funding will identify key gaps in the Virginia economic development ecosystem surrounding water technologies and coastal resiliency. As a member of Virginia Sea Grant, UVA researchers contribute to important work that impacts coastal communities in Virginia and beyond.

Helping Companies in Virginia Sharpen Their Edge

Helping Companies in Virginia Sharpen Their Edge

UVA collaborates with Virginia Tech on important societal issues. Together, they will partner with Arconic, CCAM, DOE, and Penn State to reduce energy usage and environmental impact from the metal manufacturing process in Virginia and beyond.

Considering the Business Community as a Path to Sustainability

Considering the Business Community as a Path to Sustainability

UVA researchers propose that the business community can address sustainability challenges through innovation and development of new technologies. A new book considers the role of industry, academia, and government partnerships for improving sustainability in Virginia and beyond.

Advocating for Biophilic Cities

Advocating for Biophilic Cities

The Biophilic Cities Project at UVA is a partnership to integrate the beauty of nature into urban environments. Researchers are creating assessment and best practices that will enable more cities to become biophilic, improving human health in Virginia and beyond.

UVA Launches Institutes to Address Societal Problems

UVA Launches Institutes to Address Societal Problems

The Environmental Resilience Institute and the Global Infectious Diseases Institute bring top researchers together to tackle some of the biggest problems facing society: the environment and infectious disease.

Partnering to Enhance the Chesapeake Bay and its Dependent Businesses

Partnering to Enhance the Chesapeake Bay and its Dependent Businesses

Virginia Sea Grant (VASG) is a federal-state partnership that combines scientific research, education, and public outreach. UVA if one of 7 Virginia Universities partnering to enhance the Bay's ecology and the businesses that depend on it.

Virginia Sea Grant

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UVA Awards $3.5 million in SIF Funding to UVA-Wise

UVA Awards $3.5 million in SIF Funding to UVA-Wise

UVA awarded $3.5 million to UVA-Wise to create an innovation ecosystem in the region. Funding will establish a Center for Innovation and boost enrollment in computer science and software engineering programs at the college.

UVA's Virginia College Advising Corps Selects 36 New Advisers

UVA's Virginia College Advising Corps Selects 36 New Advisers

This year's Virginia College Advising Corps will fan out across Virginia to help students from 40 high schools find their way to higher education.

Generating Economic Impact Through Notable Events

Generating Economic Impact Through Notable Events

UVA hosted the World Masters Squash Championships, bringing over 1,000 visitors to Charlottesville and generating a total economic impact between $750,000 and $1 million in Central Virginia.

UVA Today

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Addressing One of Virginia's Biggest Challenges

Addressing One of Virginia's Biggest Challenges

The teacher shortage is an "emergency situation" in Virginia. The Curry School is working with the State Department of Education to "heat-map" teacher shortages across the state, using data to refine possible solutions for regions and school districts.

i.Lab Results in Successful New Company Launch

i.Lab Results in Successful New Company Launch

UVA supports development of new entrepreneurs and fosters an entrepreneurial ecosystem in our region. After incubation in the i.Lab and a successful company launch, Tsampa Tsnacks now stocks product within the local small business community.

Partnering to Honor Virginia Businesses in Economically Challenged Communities

Partnering to Honor Virginia Businesses in Economically Challenged Communities

UVA, the Virginia Economic Development Partnership, and Virginia Community Capital offer the Resilience Award to companies in Virginia's economically challenged communities. Winners receive a scholarship to a Darden Executive Education program.

Serving Rural Communities to Build a Stronger Commonwealth

Serving Rural Communities to Build a Stronger Commonwealth

UVA and UVA-Wise are considering recommendations for improving challenges faced by rural Virginians. The initiative is engaging additional Virginia colleges and universities, government agencies, and stakeholders across the state.

Re-establishing Industrial Hemp to Build Virginia's Economy

Re-establishing Industrial Hemp to Build Virginia's Economy

UVA faculty member Michael Timko lends research expertise to cultivate industrial hemp and re-establish it as an important sector in the Virginia economy.

UVA Research Park

UVA Research Park

The UVA Research Park is a 562-acre park that provides state-of-the-art facilities to develop the creation and enhancement of research and business collaboration between the University and the public and private sectors — all for the economic and social benefit of Virginia and beyond.

Commonwealth Center for Advanced Manufacturing (CCAM)

Commonwealth Center for Advanced Manufacturing (CCAM)

As an applied research center, CCAM brings together academia, government, and industry to create the ideal environment for members to conduct meaningful, collaborative research.

Appalachian Prosperity Project

Appalachian Prosperity Project

The Appalachian Prosperity Project is a collaborative partnership among the University of Virginia, UVA’s College at Wise, the Coalfield region, the private sector, and the state to advance education, health, and economic prosperity in Southwest Virginia.

Key Initiative

Industry Cluster Development

Industry clusters are groups of firms that gain a competitive advantage by co-locating in a geographic region and sharing assets, networks, knowledge, workforce training, etc. The Office of Economic Development partners with allies to help support existing and emerging regional industry clusters.

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UVA Partners on CCAM Apprentice Academy

UVA Partners on CCAM Apprentice Academy

The University is invested in workforce development for the advanced manufacturing industry, addressing a nationwide gap for these professionals.

Supporting First-Generation College Students

Supporting First-Generation College Students

Throughout Virginia, UVA supports career development and guidance for traditionally under-represented high school students, guiding them to consider their vocations and higher education.

National College Access Network

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Growing Virginia's Entrepreneurial Ecosystem

Growing Virginia's Entrepreneurial Ecosystem

UVA was named a National Science Foundation I-Corps Site—one of 89 such sites at universities in the nation—to help entrepreneurs consider customer feedback in developing ideas that are relevant to society and exhibit applications for commercialization.

UVA Seed Fund Brings UVA Research to Market

UVA Seed Fund Brings UVA Research to Market

UVA supports regional commercialization, investing directly in companies that take the University’s research and intellectual property to market and increasing the pace for new medical products that improve the health of Virginians and beyond.

Helping People with Diabetes Lead Normal, Productive Lives

Helping People with Diabetes Lead Normal, Productive Lives

UVA licenses technology to Type Zero so that diabetes research can transition to the marketplace and create local jobs.

UVA Partners with Industry on Tissue Engineering

UVA Partners with Industry on Tissue Engineering

Virginia-based Smithfield Foods and UVA Engineering are partnering to explore and advance regenerative medicine technologies that use porcine bioproducts.

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Explore our work across the Commonwealth.

UVA generates significant economic, employment, and government impact across regions, sectors, and focus areas throughout Virginia. Discover the programs and projects we support.