City’s economic development department in global top 50, peer review says

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Courtesy Virginia Beach Department of Economic Development

Courtesy Virginia Beach Department of Economic Development

The city’s economic development department ranks among the top 50 globally, according to a recent review by development industry professionals.

The Virginia Beach Department of Economic Development has been reaccredited for the third time since 2005, the International Economic Development Council said in a release Wednesday. The recognition marks the department as one of only 50 Accredited Economic Development Organizations in the world.

“Thanks to an incredible staff and supportive leadership from the city, the department continues to be the benchmark for efficiency, effectiveness and creativity,” Virginia Beach Economic Development Director Warren D. Harris said in the release.

To maintain its standing as an AEDO, the agency must go through a two-phase peer-review process every three years, including document review and site visits by an AEDO subcommittee.

“Earning accreditation demonstrates that the Virginia Beach Deparment of Economic Development has attained a measure of excellence and increased credibility with stakeholders, including local leaders and global clients,” the release said.

The IEDC is a professional development and advocacy organization for economic and community development professionals, with more than 4,500 members.

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