July 12, 2016

Brian Coy

Vince Barnett
(804) 545-5815
VEDP Board Elects New Leadership
-Virginia’s economic development authority names new Chair and Vice Chair -

RICHMOND - The Virginia Economic Development Partnership (VEDP) Board of Directors selected its new chair, C. Daniel Clemente of McLean, and vice chair, Vince Mastracco of Norfolk. Clemente and Mastracco were elected at VEDP’s board meeting on June 9, 2016. As a state authority, the Partnership is governed by a 24-member Board of Directors comprised of businesspersons from around the Commonwealth, each of whom is appointed by the Governor and the General Assembly.

Clemente, Chairman and Chief Executive Officer at Clemente Development Company, Inc. and graduate of Fordham University and Georgetown University Law Center, succeeds Chris Lumsden, Chief Executive Officer at Halifax Regional Health System. Clemente was appointed to the VEDP board in 2014.

“VEDP is widely recognized as one of the most successful economic development organizations in the United States and, since its creation in 1995, has helped generate tens of thousands of new jobs and billions of dollars in new investment for Virginia,” said Clemente. “Generating new jobs and capital investment remains a core focus of VEDP’s mission, but the Board also recognizes there are new and exciting opportunities where VEDP may provide value and leadership across the Commonwealth. I look forward to working with the Board, in concert with our local, regional, and state partners, to build on past successes and also chart new paths in the ever-changing economic development landscape to ensure that every region of Virginia is positioned to compete globally and that VEDP has the necessary resources to help lead these efforts.”

“Dan Clemente is an accomplished businessman who has brought to VEDP a wealth of knowledge and expertise during his tenure on the board,” said Interim President & CEO, COO Dan Gundersen. “On behalf of the entire VEDP team, we thank Dan for his commitment, and look forward to working with him and our new vice chair, Vince Mastracco.”

Mastracco, a partner at Kaufman & Canoles PC and graduate of University of Virginia, University of Richmond and New York University, succeeds C. Daniel Clemente. The Partnership also welcomed Michael Ligon of Richmond to its Board of Directors

The Virginia Economic Development Partnership, a marketing organization, was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support the development and expansion of the economy of the Commonwealth. The Partnership is a state authority, which is governed by a 24-member Board of Directors appointed by the Governor and the Virginia General Assembly. To accomplish its objectives of promoting economic expansion within the Commonwealth, the Partnership focuses its efforts on business recruitment, expansion and international trade. VEDP has offices in Virginia, China, Germany, Mexico, Japan, India and the United Kingdom.


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