The Office of Economic Development (OED) works with industries to help companies access intellectual capital to develop new materials and processes that will improve efficiency and increase their market share.
Automonous Systems in Virginia
Virginia has the opportunity and the capability to be a national leader in the autonomous vehicle field with the potential of yeilding thousands of high-paying jobs. Through this report, Virginia Tech became a Federal Aviation Administration (FAA) Unmanned Aerial Systems (UAS) test site. OED provided an overview of the issues and opportunities concerning autonomous vehicles in order to support informed decisions.
Blacksburg Airport Analysis
OED completed a study examining the economic impact the Virginia Tech—Montgomery Executive Airport (VTMEA) brings to the New River Valley (NRV). OED found three primary ways current operations contribute to the local region. The full report details these impacts.
Future of Virginia Aviation
The OED is working to create a plan to strengthen the aviation and aerospace workforce in Virginia.
Proposal to Expand Small Satellite Research
The OED evaluated a proposal by the Virginia Space Grant Consortium for the Small Satellites Virginia Initiative program and found the prorgam could bring up to $16.2 million to the state.