The Virginia Jobs Investment Program celebrates its 50th anniversary this year.
Created in 1965 as part of the Industrial Training division of the Virginia Community College System, the program provides consultative services and funding to companies creating new jobs or experiencing technological change.
VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for its citizens. It is estimated that VJIP has supported more than 2,500 projects, over 365,600 jobs and $29 billion in capital investment within its 50 years.
“For five decades, the Virginia Jobs Investment Program has continuously improved the professional delivery of services that positively impact our businesses’ most important resource—their labor pool. We are confident that VJIP, along with its higher education and workforce system partners, will continue to play an integral role in connecting growing businesses with Virginia’s talent for the next five decades to come,” said Governor McAuliffe.
VJIP was moved to the Virginia Department of Economic Development in 1985, and then to the Virginia Department of Business Assistance in 1998. In July 2014, the Virginia Economic Development Partnership became the administrator of the program, where it is now more closely aligned with Virginia’s economic development strategies and corporate outreach in an efficient way to partner with allies and serve companies more effectively.
Working closely with company personnel, the Virginia Jobs Investment Program offers consulting services at no charge, in addition to direct funding to offset eligible companies’ recruitment and training costs.
Assistance in any of the programs offered by VJIP is eligible to projects that create basic employment for the Commonwealth, as basic employment brings new income into the state, stimulates additional employment, and is the basis for further economic growth. These businesses or functions must directly or indirectly derive more than 50% of their revenues from out of state sources, as determined by VJIP.
For more information on VJIP, please visit http://www.yesvirginia.org/AssetRich/VJIP.
The VJIP team celebrates its 50th anniversary during the December VEDA meeting.