Economic Development

The University for Virginia

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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 Team Wins $7.6M Grant to Detect Computer Attacks

UVA Team Wins $7.6M Grant to Detect Computer Attacks

UVA professors and administrators secured a nearly $7.6 million contract from the Defense Advanced Research Projects Agency to detect broad-spectrum cyber threats almost immediately after they are launched. The project is related to the University's Cyber Innovation and Society Initiative and has the potential to protect organizations from cyber threats in Virginia and beyond.

New Partnership Brings CLASS Methodology to Nation's Largest Provider of Early Childhood Education

New Partnership Brings CLASS Methodology to Nation's Largest Provider of Early Childhood Education

UVA researchers founded Teachstone® to provide assessment and professional development for educators through the Classroom Assessment Scoring System® (CLASS®). The method has been broadly adopted at the state and national level in the US and in 45 countries. In May of 2018, Teachstone announced a partnership with KinderCare Education®, the nation's largest provider of early childhood education and child care.

Cision PR Newswire

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Startup with UVA Roots Lowers the Amount of Power Required by Electronics

Startup with UVA Roots Lowers the Amount of Power Required by Electronics

PsiKick is utilizing revolutionary ultra-low-power technologies from the Universities of Virginia and Michigan to build completely self-powered sensing systems that do not require batteries, can be deployed nearly anywhere, and unlock new data streams that generate significant value in Virginia and beyond. The company also creates jobs in the Charlottesville region.

Applying Research to Change Lives

Applying Research to Change Lives

UVA Professor Shawn Russell helps those with disabilities take on skiing, proving that biomechanics research has real-life applications that can change lives for the better in Virginia and beyond.

New College Curriculum Helps Students Flourish Beyond UVA

New College Curriculum Helps Students Flourish Beyond UVA

The College of Arts and Sciences created The New College Curriculum to help students flourish at UVA, in their chosen careers, and as active citizens. The curriculum stresses three literacies that equip students with the necessary skills and fluencies needed to succeed in a rapidly-transforming world.

UVA College of Arts and Sciences

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President Ryan, UVA Celebrate Amazon Decision to Locate HQ in Virginia

President Ryan, UVA Celebrate Amazon Decision to Locate HQ in Virginia

UVA leaders celebrated the announcement of Amazon's decision to locate a major headquarters function in Virginia as a significant opportunity to increase our contributions to the state and to collaborate with additional Virginia universities to create economic opportunity for all Virginians.

UVA, City, County Planning Entrepreneurial Accelerator

UVA, City, County Planning Entrepreneurial Accelerator

UVA, Albemarle County, and the City of Charlottesville pledged support for a program aimed at accelerating the growth of local startups. The proposed Catalyst Accelerator Program would provide a longer form of support for entrepreneurs seeking funding to advance their companies. UVA applied for a grant through GO Virginia, a state-funded initiative encouraging regional collaboration, to launch the program.

Accelerating Health Care Innovation by Connecting Engineering and Medicine

Accelerating Health Care Innovation by Connecting Engineering and Medicine

The UVA Center for Engineering in Medicine promotes innovation by embedding engineering students into clinical environments and nursing and medical trainees into engineering laboratories. Students work in multidisciplinary teams to acquire the necessary technical vocabulary, cultural literacy, and experience for careers in health care innovation.

Supporting a Biotechnology Industry Cluster in Central Virginia

Supporting a Biotechnology Industry Cluster in Central Virginia

A WMRA podcast alludes to UVA's role in the biotechnology industry in Central Virginia. Grounded in UVA research and support from UVA's Licensing and Ventures Group (LVG), companies like Contraline and TearSolutions are making exciting advances and nurturing the biotechnology ecosystem in the region.

Acquisition Marks First Exit for UVA LVG Seed Fund

Acquisition Marks First Exit for UVA LVG Seed Fund

Insulin delivery technology developed at UVA and commercialized by TypeZero Technologies, Inc. received initial support from UVA's Licensing and Ventures Group (LVG). Now, LVG has exited from TypeZero following acquisition by DexCom, the leader in continuous glucose monitoring for diabetes. The news highlights UVA's cultivation of research and entrepreneurship that ultimately improves lives and stimulates our economy.

Research Discoveries Lead to UVA Licensing & Ventures Group Investments

Research Discoveries Lead to UVA Licensing & Ventures Group Investments

The UVA Licensing & Ventures Group (LVG) has invested in three Charlottesville-based ventures that grew out of University research. TypeZero Technologies Inc., TearSolutions Inc., and Mission Secure Inc. all have the potential to make an impact and to drive the local and regional economy. The LVG Seed Fund offers UVA-affiliated startups capital to advance opportunities often considered too early for investment by traditional sources.

Cyber Startup with UVA Roots Backed by New $8 Million Investment

Cyber Startup with UVA Roots Backed by New $8 Million Investment

Mission Secure Inc. recently announced the closing of an $8 million Series A financing round led by Energy Innovation Capital and Chevron Technology Ventures. The company spun out of UVA research and intellectual property developed by UVA's Licensing and Ventures Group. Mission Secure Inc. supports jobs in Charlottesville and plans to double their workforce going forward.

Understanding Biomechanical Differences to Make Vehicles Safer

Understanding Biomechanical Differences to Make Vehicles Safer

UVA's Center for Applied Biomechanics is taking a leadership role in analyzing populations with heightened vulnerability to traffic-related injury or death, specifically women and obese passengers. Increased understanding of injury tolerance and prediction will allow automotive manufacturers, policymakers, and researchers to make vehicles safer for the entire population.

Building Community Involvement to Battle Cancer

Building Community Involvement to Battle Cancer

A new UVA Cancer Center Without Walls initiative will empower Southwest Virginia residents to lead projects to better detect and prevent cancer in the region. The initiative grew out of a community advisory board formed in 2013 and will address cancer disparities in the Appalachian counties of Southwest Virginia.

Darden Ranked a Top MBA Program for Entrepreneurship

Darden Ranked a Top MBA Program for Entrepreneurship

Darden offers over 35 elective courses in entrepreneurship and innovation, four major entrepreneurial competitions awarding more than $370,000 annually, and an incubator program know as the i.Lab. Graduates are prepared to meet the unique challenges of today's business landscape and to accelerate economic growth through entrepreneurship.

Business Because

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UVA Engineering Earns NSF Grant to Launch Graduate Program in Cyber-Physical Systems

UVA Engineering Earns NSF Grant to Launch Graduate Program in Cyber-Physical Systems

NSF funding will allow UVA Engineering’s Link Lab to develop a new program that will train graduate students to make discoveries and then translate that knowledge into new technologies, products and services. The program will help train the next generation of scientific leaders to develop the skills necessary to tackle complex societal problems.

UVA EdPolicyWorks Researchers Present at National Conference

UVA EdPolicyWorks Researchers Present at National Conference

EdPolicyWorks, a joint collaboration between the Curry and Batten Schools, brings together researchers from across UVA and the state to focus on important questions of educational policy and implications for the workforce. Researchers presented their work in over 25 key presentations across this year's fall conference of the Association for Public Policy Analysis and Management.

UVA Curry School of Education and Human Development

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UVA's Society of Women Engineers Host High School Women

UVA's Society of Women Engineers Host High School Women

Women engineers at UVA host high school women each year to promote STEM and engineering as an accessible career path. UVA's Society of Women Engineers teaches women the basics of the field and empowers them to explore its possibilities, creating necessary expansion of the engineering and STEM pipelines in Virginia.

Greg Fairchild Appointed UVA's Director of Northern Virginia Operations

Greg Fairchild Appointed UVA's Director of Northern Virginia Operations

Professor Gregory B. Fairchild is the first director of Northern Virginia operations for the University of Virginia. He will oversee programs and facilities currently offered by Darden, the McIntire School of Commerce, and the School of Continuing and Professional Studies, among others. His appointment is indicative of UVA's growing presence in the Washington region.

MITRE and UVA Offer Systems Engineering Fellowship

MITRE and UVA Offer Systems Engineering Fellowship

The MITRE Corporation and UVA Engineering launched a Systems Engineering Fellowship for federal employees intended to help train the next generation of government technology leaders. The program is underway in McLean, VA and offers military and civilian government employees hands-on project and research experience at MITRE with an accelerated master's degree in systems engineering from UVA.

UVA Darden Innovates Executive MBA, Deepens Program’s Ties to the DC Area

UVA Darden Innovates Executive MBA, Deepens Program’s Ties to the DC Area

Darden's Executive MBA and Global Executive MBA programs will now operate primarily from a new state-of-the-art facility in the Rosslyn district of Arlington, VA. A marriage between distance learning and weekend residencies creates flexibility for working adults and deepens ties to the Northern Virginia area.

Impacting Patients with 'Warm Technology'

Impacting Patients with 'Warm Technology'

An app designed by researchers at the University of Virginia is proving that 'warm technology' - personalized and personal - can have an impact on patient engagement and care management. A second iteration of the app will engage healthcare providers, further refining a concept that will positively impact patients throughout Virginia and beyond.

UVA Premiers Telemed Screening for Bladder Cancer

UVA Premiers Telemed Screening for Bladder Cancer

UVA launched a first-of-its-kind study using telemedicine to detect bladder cancer in underserved parts of the state. A UVA urologist provides analysis and diagnosis through the virtual platform, expanding access to care in an area where increased screening and services could improve early detection and treatment outcomes.

Enhancing Technology Access for Telemedicine in Rural Virginia

Enhancing Technology Access for Telemedicine in Rural Virginia

The Federal Communications Commission unanimously approved a $100 million program designed to support telehealth and telemedicine programs for underserved populations in rural areas. UVA's co-founder and director of Telehealth Karen Rheuban supported the proposal, envisioning UVA as a strong partner in the effort and testifying to the urgency for support in Southwest Virginia.

'The Nest' Builds Entrepreneurship Ecosystem in Wise, VA

'The Nest' Builds Entrepreneurship Ecosystem in Wise, VA

Funding from the University's Strategic Investment Fund and the Virginia Department of Housing and Community Development enabled UVA-Wise to open "The Nest," a critical step towards creating a robust culture of entrepreneurship and innovation in the region.

UVA Telehealth Partner 'The Health Wagon' Earns Accreditation

UVA Telehealth Partner 'The Health Wagon' Earns Accreditation

UVA Telehealth has a partnership with the Health Wagon, a nonprofit providing mobile health services to the medically underserved in Southwest Virginia. Together, we provide state of the art telemedicine capabilities and connect patients to specialists in Charlottesville.

Lending UVA Research to Autonomous Shuttle Pilot in Albemarle

Lending UVA Research to Autonomous Shuttle Pilot in Albemarle

Albemarle County, Perrone Robotics, Inc., and Jaunt, Inc. announced a partnership that will develop, test, and operate an autonomous transit shuttle service pilot beginning in March of 2019. UVA will bring expertise to the project, drawing on research capabilities related to autonomous systems and their societal impact as well as technologies for safety and efficiency.

A New Vision for the UVA Research Park

A New Vision for the UVA Research Park

Plans are underway to create ease of connection between UVA's Research Park, CHO, and the Hollymead Town Center to benefit Virginia visitors and businesses. A new vision for the park enhances efforts to draw people together for smoother business collaborations.

Virginia College Advising Corps Expands Through New Partnership

Virginia College Advising Corps Expands Through New Partnership

The Virginia College Advising Corps (VCAC) has expanded by a third with 36 advisers in 40 school districts. Partnership with GEAR UP Virginia, a U.S. Department of Education program, has created a unique growth opportunity that will provide resources and advising to more low-income, underrepresented, and first-generation students in Virginia as they consider their post-secondary education plans.

State Partnership Seeks to Improve College Completion Rates for for Low-Income Students

State Partnership Seeks to Improve College Completion Rates for for Low-Income Students

UVA Professor Ben Castleman is kickstarting a new, five-year strategic initiative to increase the number of students completing college and landing better-paying jobs in Virginia and beyond.

UVA-Wise Graduates Join the Virginia College Advising Corps

UVA-Wise Graduates Join the Virginia College Advising Corps

Multiple UVA-Wise graduates will join UVA's Virginia College Advising Corps to help high school students in Southwest Virginia explore all of their higher education options.

Partnership will Expand UVA's Presence in Northern Virginia

Partnership will Expand UVA's Presence in Northern Virginia

The University has approved an academic affiliation with INOVA Health System and George Mason University. The public-private partnership will leverage research and precision medicine efforts and open the door for a future expanded UVA presence in Northern Virginia.

Integrating STEM in Early Education

Integrating STEM in Early Education

UVA researcher Jennifer Chiu and colleagues at the Curry School of Education are working on methods for integrating technology-enhanced engineering design projects and STEM curricula into early education with school systems in Virginia and beyond.

UVA Curry School of Education

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Cville Bio Hub and UVA Biotechnology Training Program Collaborate on Upcoming Event

Cville Bio Hub and UVA Biotechnology Training Program Collaborate on Upcoming Event

The Cville Bio Hub invites the biotechnology community to a reception with next generation scientists enrolled in UVA's Biotechnology Training Program. The event will connect UVA researchers and students with biotech companies to enhance collaboration, communication, and recruitment as the region builds out its biotechnology sector.

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.

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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.