Key Initiatives

The University of Virginia promotes economic prosperity through a broad array of programs, services, and activities. 

We work to improve the lives of Virginia citizens and to create a competitive, attractive environment for new and existing businesses.  

Explore some of the diverse programs and projects that we support. 

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. 

The APP is a best practice in the kind of cross-regional collaboration that the University seeks to facilitate, support, and grow for the future.

Commonwealth Center for Advanced Manufacturing

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

UVA assisted in securing meaningful collaborations, sponsorship across higher education and industry, physical space, and grant funding to build and support the Center.

Preparing the Virginia workforce for a technology-driven future

Along with graduating tomorrow’s leaders, the University of Virginia serves workforce needs more broadly across the Commonwealth.

Economic Development works with industry partners to identify human capital needs and with education partners to create solutions for those specific needs. This process creates training initiatives that develop required, relevant skills for current and future economies, spanning all ages and levels of education. The University’s contribution to talent development becomes a powerful vehicle for addressing economic challenges throughout Virginia. 

Promoting and supporting the 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.  With a newly updated mixed-use master plan and the ability to build another 3 million square feet of buildings in the Park, opportunities abound.

The UVA Research Park is also one of only a few developments in the Commonwealth featuring a Tier 4 “shovel ready” site as defined by the Virginia Business Ready Site program. This site (100+ acres) and additional spaces at the UVA Research Park are highly desirable for companies. The Office of Economic Development aims to support the Research Park’s efforts to fill those unique spaces, attracting more industry to the area and creating more opportunities for alignment with ongoing faculty research.

Regional 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.

Through these and many other programs and projects, the Office of Economic Development leverages UVA resources to bring powerful and tangible change to the state. By creating long-term collaborations among government, academia, industry, non-profits, and the private sector, our office builds sustainable partnerships today for tomorrow’s economic health. 

Get in touch with Pace Lochte, assistant vice president for economic development, to learn more about how UVA can join you in advancing economic prosperity in the Commonwealth.