Partnership launches 5-year fundraising campaign

Group seeks $1,000,000 annually from private-sector companies

RICHMOND, Va. – The Greater Richmond Partnership Inc., the regional economic development organization, announces that it has kicked off its 2017-2022 private sector fundraising campaign. The $5 million in funding will pay for company recruitment, regional marketing and business retention.

The silent portion of fundraising started in November with successful early investors. Seventy-five percent of the Partnership’s annual goal is secured.

“The Greater Richmond Partnership has been incredibly successful since the public and private sectors combined efforts for economic prosperity in our region,” said Bobby Ukrop, the Chair of the Partnership’s Board of Directors and President/CEO of Ukrop’s Homestyle Foods. Ukrop also serves as the Fundraising Committee chair. “Without the cooperation and buying power from the public and private sectors we wouldn’t be able to attract high-quality jobs and taxable investment to the region.”

Among those companies that have committed funding for the economic development mission are firms from the Partnership’s Regional Leadership Circle: Altria, Bank of America, BB&T, Capital One, Carmax, Dominion, Genworth, Hunton & Williams, Markel, New Market, SunTrust, Ukrop’s Homestyle Foods/Ukrop’s Threads, Union Bank & Trust, University of Richmond, Virginia Commonwealth University and Wells Fargo. The Regional Leadership Circle serves as a high-level advisory group dedicated to enhancing the global competitiveness of the region.

“We have a very aggressive goal for 2017-2022 which includes a $2 billion impact on the region’s economy, 10,000 jobs and the recruitment of an additional Fortune 1000 headquarters,” said Barry Matherly, President and CEO of the Greater Richmond Partnership. “We wouldn’t be able to recruit companies like CoStar, Niagara Bottling, Polykon or Pryor Technology without the support of our business community.”

The Partnership’s public sector funding is contributed by the City of Richmond and counties of Chesterfield, Hanover and Henrico.

The Greater Richmond Partnership, Inc. is the regional economic development organization for the City of Richmond and counties of Chesterfield, Hanover and Henrico. The Partnership impacts the Richmond Region by recruiting companies from all over the globe, which provide employment opportunities and taxable capital investment for our local community. For more information, please visit www.grpva.com.

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