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Program Overview.

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Presentation on theme: "Program Overview."— Presentation transcript:

1 Program Overview

2 Project Profiles Project Profile Industry Profile
The Hampton Roads Economic Development Alliance (HREDA) is a region-wide public private partnership serving as the lead organization responsible for marketing the assets in Virginia’s Hampton Roads and attracting new businesses to locate here. Our initiatives include: National Marketing International Marketing Targeted Industry Recruitment Project Profile Industry Profile

3 Annual Budget Revenues Private Sector Funding $1,228,290
Public Sector Funding $1,748,100 Miscellaneous $ ,000 Annual Total $3,002,390 Expenses Marketing $2,259,725 75% Public Relations Direct Mail Marketing Missions Conferences/Trade Shows Lead Consulting Promotional Events Prospect Visits Research $326,865 12% Research Projects Conferences Mapping Enhancements Website and Data Presentation Investor Relations $147,020 6% Annual Meeting Community Relations Investor Appreciation Communications Administration $189,405 7% Admin Services Accounting Equipment Service Insurance Rent Total $2,923,015

4 HREDA & PAED Assisted Businesses
HREDA Assisted Businesses Locations & Expansions Accu-Tech AFFINA Bell, Inc. Biomat USA, Inc. Block USA CeoTronics, Inc. Chesapeake Yachts Chubb Group of Insurance Companies CIGNA Groups, Inc. Comsaco, Inc. Consumer Portfolio Services Cooling Systems & Flexibles, Inc. Cost Plus DiaEi Papers Dendrite Dollar Tree Stores, Inc. Federal Express FGI, Inc. First Data Resources Flexa GEICO Hapag-Lloyd HomePlus Insurance IMS Morat Sohne GmbH INCOGEN Lillian Vernon Lindab Lovato Electic Maersk Logistics Mailing Concepts/MC Direct Mariah Vision3 Entertainment LLC Market Connections Company MCI WorldCom Mercantile Logistics Mitsubishi Chemical Neptune Fisheries New England Steamship New Horizons New York Times Nextel Communications Norfolk Southern NTELOS ORCA Yachts INIT Gmbh KMC Telecom Parmed Pharmaceutical Pell Paper Box Petals. Portfolio Recovery Associates Raytheon SafeCard ID SBC Communications Siemens VDO Automotive SIG Logistics Specialty Foods Group Symantec Corporation SYSCO Food Services, Inc. Target Corporation TDS Automotive Towers Perrin Veervalli Intl Virginia Mast LLC Visteon Wachovia Corp. Wal-Mart Wilcox Industries WIWA LP Zim American-Israeli Shipping

5 Marketing Services for 2005
PERFORMANCE MEASUREMENTS 225 Corporate Appointments 70 Consultant Appointments 72 Client Visits HREDA OUTREACH 24 Domestic Marketing Missions 18 Domestic Trade Shows 11 International Trade Shows 14 International Marketing Missions 19 Special Events National and International Advertising This activity has resulted in 10 Announcements New Jobs Average Base Salary Capital Investment 1,867 $39,845 $104,007,104


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