Trade Assistance

International business is a collaborative effort, and the Virginia Small Business Development Center (SBDC) is a vital resource devoted to helping companies reach their exportation goals. With services that include confidential counseling, training, and customized research, the Virginia SBDC helps companies in the Lynchburg region mitigate risks, prioritize markets, identify financing, and grow export sales.

With a team boasting over 50 years of combined experience in trade, the Virginia SBDC provides expert guidance tailored to the unique needs of each business. Their comprehensive support ensures that local companies have the tools and knowledge needed to thrive in both domestic and international markets.

The Virginia Economic Development Partnership’s (VEDP) International Trade division has positioned Virginia as a leading state for global trade. Through various programs, VEDP has helped businesses in the Lynchburg region increase their international export sales, using global markets as a growth strategy. These initiatives provide companies with the tools and resources needed to succeed in the complex world of international trade.

Key Programs Offered by VEDP’s International Trade Division:

• Supply Chain Optimization Program: Helps companies enhance supply chain processes for future exporting, offering expert training and up to $10,000 in expense reimbursements.
• Global Defense Program (GDP): Assists Virginia’s defense companies in diversifying into new international markets with strategy, compliance, matchmaking, and market research support.
• International Market Research: Provides over 200 market research reports annually, utilizing a global network of consultants covering 85+ countries.
• State Trade & Export Promotion (STEP) Grant: Aims to increase the number of small businesses that export, funded by the U.S. Small Business Administration.
• Trade Missions: Organizes international trips for Virginia companies to meet prequalified potential customers, based on their export market objectives.
• Trade Show Assistance Program: Offers up to $10,000 in reimbursements for participating in international trade show marketing events, providing a base for networking and showcasing products.
• Virginia Leaders in Export Trade (VALET): A two-year program combining capital resources and professional services, accepting only 25 companies annually after a thorough evaluation.

The Port of Virginia plays a crucial role in facilitating international trade for companies in the Lynchburg region. Located within just over a three hour drive via I-64, the port is easily accessible and efficient for businesses looking to expand their global reach. Between 2015 and 2025, the port has seen a significant $1.4 billion infrastructure investment, enhancing its cargo capacity across six state-of-the-art terminals.

Powered entirely by clean energy, the Port of Virginia aims to achieve net-zero carbon emissions by 2040. Its innovative business model, whereby the port owns and operates all of its terminals, enables faster cargo movement. Additionally, a $450 million channel deepening and widening project has further boosted the port’s capacity, making it an even more valuable asset for Lynchburg region businesses engaging in international trade.