The Alliance is committed to supporting Business Retention and Expansion (BRE) in Hampton Roads. We recognize BRE is critical to growing our economy and creating economic sustainability in Hampton Roads because 85% of job growth come from the expansion of existing businesses. The Alliance has set a course to create the most connected regional business community by working with our regional partners including the Hampton Roads Chamber and Virginia Peninsula Chamber to establish a formal regional BRE program that is one of its kind for its scale.
To advance our effort, the Alliance has developed the following strategies for regional BRE:
Align economic development strategies to remove regional fragmentation by defining clear roles between local EDOs, the Alliance, Chambers, the Virginia Economic Development Partnership (VEDP), and other regional and state partners