The Virginia Prosperity Project

One of my former campaign staffers has been working on a joint project between the Business Industry Political Action Committee (BIPAC) and the Virginia Chamber of Commerce, called the Virginia Prosperity Project. It’s a fascinating project. (Way to go Spencer!) Here is a recent post from his blog:

Virginia’s Entrepreneurial Spirit

Over two hundred years ago, in 1776, the Continental Congress adopted the Declaration of Independence, authored by the distinguished Virginian, Thomas Jefferson; formally founding the United States of America. While the Fourth of July has considerable national significance, it also has substantial importance to Virginia.

Before the Declaration created our great nation and our states, Virginia was founded—by a business. In 1606, the Virginia Company of London was created as a joint stock corporation. Like any business, the Virginia Company hoped to generate a profit from the boundless opportunities Virginia had to offer and to attract a diverse group of investors. The initial public offering attracted nearly 1,700 shareholders from a variety of backgrounds. Each share was valued at 12 pounds, 10 schillings, which was equivalent to 6 months of an average salary.

Business has always been an important part of the Commonwealth and it continues to be. Virginia has been at the forefront of our nation’s history and business has deep roots in Virginia and the country. As we observe our nation’s 237th birthday, remember what business means to you, and your family and what business has meant to our history.

For more information on the Virginia Prosperity Project, please visit –


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