Stephen Moret has served as President and CEO of the Virginia Economic Development Partnership (VEDP) since January 2017. Before joining VEDP, Moret served as chief executive of the Baton Rouge Area Chamber (BRAC) and Louisiana Department of Economic Development (LED), as well as the LSU Foundation and its real-estate development arm.
At VEDP, Moret has collaborated with state, regional, and local partners to craft an ambitious vision focused on several transformational goals, including accelerating employment growth; enabling every region to grow; and moving back to the top of national business climate rankings. He led Virginia’s successful state-and-local team bid for Amazon’s HQ2 and is launching a world-class, custom workforce program along with the Virginia Community College System.
For seven years, Moret served as secretary of LED, transforming it into one of America’stop state economic development agencies. While there, he led business development efforts and built higher ed partnerships that helped secure a wide variety of projects in urban and rural areas, including software/IT centers (e.g., CGI, CSC, GE, IBM), food/agricultural processing facilities, and a few of the largest FDI projects in U.S. history. Collectively these projects totaled more than $62 billion in capital investment. He also established LED FastStart, which The Economist called “probably the most notable statewide workforce-development initiative [in America].” During his tenure, Louisiana rose to its highest-ever position in every national business climate ranking.
Prior to LED, Moret was CEO of BRAC, which he and his team transformed into a nationally competitive, regional economic development organization. He also served as a consultant with McKinsey & Company; a public policy fellow with the Public Affairs Research Council of Louisiana; and a consultant to Harvard Business School.
Moret earned a B.S. in mechanical engineering from LSU, where he was elected president of the student body, and an MBA from Harvard Business School (2001), where he was elected co-president of the student body and received the Dean’s Award for exceptional leadership and service. He earned a doctorate in higher education management from the University of Pennsylvania, with distinction for dissertation, where his research focused on linkages between higher education and the labor market.
Moret lives in Richmond with his wife and their four young children.