The City of Virginia Beach has received an honorable mention for Excellence in Economic Development for the Virginia Beach Development Authority Annual Report Fiscal Year 2010. The city was honored by the International Economic Development Council (IEDC) in the category of annual brochure for communities with populations of 200,000 to 500,000.
The honor was presented during the IEDC’s annual conference Sept. 18 to 21 in Charlotte, N.C.
"We recognize the City of Virginia Beach for providing successful strategies to promote new standards in economic development in this period of global recovery,” said Dennis Coleman, IEDC chair. “Our awards honor organizations and individuals for their efforts in creating positive change in communities. They are showing that they are at the forefront of the economic development profession and are using innovative and effective practices that can be replicated in other communities."
Warren D. Harris, director of Economic Development for the City of Virginia Beach, said, “We are honored to receive this award from the IEDC, which is one of the most respected economic development organizations in the world. It reflects the outstanding work of the Virginia Beach Development Authority and the City Council. We strive each year to fulfill our mission of expanding the tax base and creating employment opportunities for our citizens.”
The Virginia Beach Development Authority prepares the annual report in July for the preceding fiscal year. In 2010, the 43-page publication provided an overview of the City of Virginia Beach that included sections on the financial accomplishments, economy, Virginia Beach Amphitheater, Town Center, Oceana Land Use Conformity Program and many other highlights of the past fiscal year’s activities.
IEDC’s annual Excellence in Economic Development Awards recognize the world’s best economic development programs and partnerships, marketing materials, and the year’s most influential leaders. The program honors organizations and individuals in 30 categories for their efforts in creating positive change in urban, suburban and rural communities.
The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international business and industry that results in the creation of new capital investment and jobs that increase the per capita income in the community. The City of Virginia Beach is the most populous city in the Commonwealth of Virginia with a population of 434,000 and is the 42nd largest city in the United States. Virginia Beach has been recognized as having one of the 10 best economic development groups in the nation by Site Selection magazine. In 2006, Virginia Beach was named one of the 10 best big cities in America by Money magazine. In 2008, the Department of Economic Development received re-accreditation through the International Economic Development Council, one of only 25 economic development organizations in the world to have this recognition. In 2010, the Department won an Award of Excellence for its marketing efforts from the International Economic Development Council. For more information, visit www.yesvirginiabeach.com.
The International Economic Development Council (IEDC) is the premier membership organization dedicated to helping economic development professionals create high-quality jobs, develop vibrant communities and improve the quality of life in their regions. Serving more than 4,500 members, IEDC represents the largest network of economic development professionals in the world. IEDC provides a diverse range of services, including conferences, certification, professional development, publications, research, advisory services and legislative tracking.