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CNU a Partner in New Virginia International Trade Alliance

  Monday, July 20, 2015

Christopher Newport is among nine state universities that have signed on as partners of the Virginia International Trade Alliance (VITAL), a new initiative to increase international trade in Virginia.

Speaking at the July 15 announcement event in Richmond, Governor Terry McAuliffe said, “As we continue to recruit new businesses to the commonwealth, we also need to help our existing businesses export their goods and services. International trade is a key part of my plan to create private-sector jobs and build a new Virginia economy that is less reliant on the federal government. This new VITAL initiative demonstrates the commonwealth’s commitment to helping existing Virginia businesses succeed in the international marketplace, making our economy even stronger.”

As VITAL partners, state universities will identify companies that have international business as a corporate strategy and conduct international research to position these companies for global expansion. VITAL will also partner with trade associations and the Virginia Chamber of Commerce to serve their member companies as they increase international sales.

Goals for VITAL include:

  • Growing Virginia exports by $1.6 billion in five years
  • Creating 14,000 trade-supported jobs in five years
  • Increasing the number of companies enrolled in Virginia’s international trade programs to serve 390 companies per year

Other universities that are partners of VITAL include the College of William & Mary, George Mason University, James Madison University, Old Dominion University, University of Mary Washington, Virginia Commonwealth University, Virginia Military Institute and Virginia Tech.

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