A Richmond-area economic development organization has created a strategic alliance with a British city and its university.
The Greater Richmond Partnership, Inc. (GRP) has signed an agreement with the Wolverhampton City Council and University of Wolverhampton.
Wolverhampton is a city of about 240,000 in England’s West Midlands.
The agreement, signed May 23, is intended to strengthen GRP’s existing relations and contacts in the United Kingdom.
“Since inception of the GRP in 1994, we have actively promoted Greater Richmond in the United Kingdom, and we have developed great business relations in several regions,” Gregory H. Wingfield, CEO and president of the GRP, said in a statement. “We look forward to working together to promote investment and international trade between our two regions.”
The agreement is expected to encourage business relationships, such as joint ventures, partnerships, and licensing agreements, between companies in the two regions.
The GRP has been visiting the Wolverhampton during the past two years. During the GRP’s most recent visit in March, the Wolverhampton City Council and University made plans to visit the Richmond region for the first time.
The GRP has established three previous international strategic alliances, two in Britain in Britain and the third in Germany. A number of trade missions, seminars and other marketing activities involving those partners have led to several corporate joint ventures and new business locations.
For the past 18 years the GRP’s goal has been to attract international businesses to the Richmond area.
More than 20 foreign-affiliated companies have created 1,400 jobs and invested nearly $154 million in the past five years, according to the GRP.
The GRP is a public-private regional economic development organization, representing Richmond and the counties of Chesterfield, Hanover and Henrico.
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