Virginia Wins Area Development’s 2012 Silver Shovel Award

Monday, 9 July 2012 15:16 by Info@YesVirginia.org

Virginia was recently awarded a Silver Shovel in the 5-9 Million population category by Area Development magazine.

As part of the magazine’s seventh annual ranking, the award recognizes states for attracting investment projects that created a high number of new jobs in calendar year 2011. States were recognized for establishing policies that drive job growth, infrastructure improvements, and processes that attract new employers.

The award is based on each state’s top 10 projects that broke ground in 2011, using a number of weighted factors such as number of new jobs created, size of investment, number of new facilities, and the diversity of industries represented.

The ten outstanding projects that made Virginia a winner were: Amazon.com, ICF International, United States Green Energy, Soft Tech Consulting Inc., Katoen Natie, Backcountry.com, International Paper, PPD Inc., Rubbermaid Commercial Products Inc., and Microsoft Corp.

Also a winner of the Silver Shovel in 2009 and 2006, this recognition continues Virginia’s winning streak with awards such as Site Selection magazine’s 2011 Competitiveness Award, MoneyRates.com’s 2012 Best State to Make a Living, Pollina Corporate Real Estate’s 2011 Top Pro-Business State, CNBC’s 2011 Top State for Business, and Business Facilities magazine’s top spot for Economic Growth Potential in 2011.

To learn more about Virginia’s unique combination of assets that has allowed businesses to prosper here for more than 400 years, click here.

New Capital One Data Center Comes to Chesterfield County

Thursday, 5 July 2012 09:22 by Info@YesVirginia.org
Capital One recently announced plans to invest $150 million to establish a new data center in Chesterfield County, bringing 50 new jobs to the area. Virginia successfully competed against Texas for this project.

Capital One recently announced plans to invest $150 million to establish a new data center in Chesterfield County, bringing 50 new jobs to the area. Virginia successfully competed against Texas for this project.

Chesterfield County was selected due to its proximity to Capital One’s existing operations in the Greater Richmond area. The Fortune 500 company has successfully operated in Virginia for more than two decades.

Central Virginia is seeing a growing cluster of data centers due its abundant power, advanced fiber network, and low risk of natural disasters. In addition, the strong partnership between local officials and utility providers allows deals such as this to be put together quickly.

Virginia is fast becoming a popular place for data centers across the Commonwealth. Data processing was the dominant sector for investment in 2011 at $960 million, accounting for almost half of the nonmanufacturing investment.

The Commonwealth not only offers companies low electricity rates below the national average; it maintains a highly qualified workforce to support the sector, with the highest concentration of high-tech workers according to Cyberstates 2011. In addition, the Retail Sales and Use Tax Exemption provides a competitive cost advantage on qualified equipment for data centers.

To learn more about Virginia’s capabilities and why companies have invested more than $4.4 billion in the Commonwealth’s data center industry over the past ten years, click here.

UBED—JMU’s Virginia Center for Wind Energy Educates the Industry

Friday, 29 June 2012 11:12 by Info@YesVirginia.org

Continuing our series on University-Based Economic Development, we will look at how James Madison University’s (JMU) Virginia Center for Wind Energy (VCWE) keeps industry professionals educated on wind power developments in Virginia.

Located in a 4,000-square-foot commercial lab space near JMU’s main campus, the center has been active since 2001. VCWE provides measurements, economic modeling, education, energy policy analysis and GIS reports on wind energy in the Commonwealth.

VCWE recently hosted the 2012 Statewide Wind Energy Symposium, which included panel discussions and workshops ranging from Wind 101 to Regulatory and Permitting Options. The 150 attendees included government officials, wind industry decision-makers, business owners and Virginia residents.

During the symposium VCWE launched its Small Wind Training & Testing Facility, which will be used primarily for workforce training in the small wind industry. Small wind is traditionally defined as turbines below 100 kilowatts (kW) with most residential turbines under 20 kW. Through the center students will have access to three wind turbines, a WeatherBug weather station, a solar array system and additional measurement equipment.

Uncertainty still surrounds the national production tax credit, and locally, many cities do not have wind ordinances in place, making education the critical mandate for VCWE.

“The Small Wind Training and Testing Facility was designed to address a lack of available resources in the region to support the training of a small wind workforce throughout Virginia and beyond. This resource will support teaching of undergraduates at JMU and other educational institutions throughout the Commonwealth, as well as the training of residents and business owners who seek to learn more about how to apply wind energy in Virginia,” said Dr. Jonathan Miles, VCWE Director.

Fortunately Virginia has a compelling wind story with its shallow waters, strong Class 6 winds, high voltage transmission grid, and maritime workforce. To learn more JMU’s Virginia Center for Wind Energy, click here.

Dr. Jonathan Miles, VCWE Director, addresses the crowd at the JMU Small Wind Training & Testing Facility ribbon-cutting ceremony.

Virginia Port Authority and VEDP Launch Joint Marketing Initiative

Thursday, 28 June 2012 15:52 by Info@YesVirginia.org

The Virginia Port Authority (VPA) and VEDP signed a Memorandum of Understanding to launch a joint marketing initiative to better share Virginia’s unique story with businesses that utilize port facilities.

The marketing initiative will include creating a shared message to be featured through websites, joint client calls on marketing missions, and collaborative representation at various industry events and tradeshows.

The Port of Virginia handles 1.9 million TEUs each year and is fully prepared to accommodate 10,000+ TEU vessels. Its 50-foot shipping channels are the deepest on the East Coast, offering companies the only East Coast location able to hand post-Panamax vessels as first port of call.

Truly an intermodal gateway, the Port of Virginia provides barge, rail and truck distribution with a 48-hour transit time to Chicago. The port offers connectivity with two Class I railroads as well as an Inland Port and Virginia’s premier interstate system.

The Port of Virginia is an economic engine providing 343,000 port-related jobs across the Commonwealth. Over the last two years numerous companies have announced relocations or expansions related to the Port of Virginia’s world-class capabilities, including Ace Hardware, Albany Industries, Amazon.com, Federal-Mogul, Green Mountain Coffee Roasters, Honeywell, Rubbermaid, and Stihl Inc., to name a few.

To learn more about Virginia’s premier transportation infrastructure and the Port of Virginia, click on the highlighted links.

Virginia Port Authority Vice Chair Jim Boyd (left) signs the Memorandum of Understanding with VEDP Chairman Julien Patterson.

Sabra Dipping Co. Expands its Footprint in Chesterfield County, Va.

Monday, 25 June 2012 14:12 by Info@YesVirginia.org

Sabra Dipping Co. announced two exciting projects on its 49-acre campus at Ruffin Mill Industrial Park in Chesterfield County. America’s leading hummus producer will expand its existing food manufacturing operation and establish a Center of Excellence (COE) research and development facility. The combined investment will bring $28 million and 90 new jobs to Chesterfield County.

The manufacturing expansion will give Sabra 50 percent more production capacity with improvements such as adding two lines and a packaging automation system. Sabra first chose Chesterfield County as the site for its new manufacturing facility in 2008.

The new COE facility will feature a state-of-the-art culinary center and research center where Sabra plans to partner with universities on food science research. Construction on the new 20,000-square-foot facility is expected to begin in the second quarter of 2012.

Sabra Dipping Co. was formed through a joint venture between PepsiCo and Israel’s second-largest food and beverage company, the Strauss Group. Sabra’s award-winning flavors have made it the leading producer of hummus in the U.S.

This project is another positive result of a Governor’s marketing mission. Governor McDonnell met with Strauss Group officials in Israel during his November 2011 mission.

The company chose Virginia again for both its skilled workforce and cost-competitive advantages. Sabra CEO Ronen Zohar said, “The fact that we are building the Sabra Center of Excellence in Virginia is a testament to our belief in the people, the community and the resources available here.”

Virginia’s low and stable tax rate combined with competitive electricity and construction costs helped make the Commonwealth the clear winner. In addition, Virginia’s workforce is well-prepared through industry-specific training programs provided by the Commonwealth’s top-ranked universities and 23-member community college system.

To learn why more than 555 food and beverage manufacturing companies have invested more than $1.9 billion in Virginia over the last decade, click here.

German Subsidiary Berryville Graphics Expands in Clarke County, Va.

Thursday, 21 June 2012 09:47 by Info@YesVirginia.org
While traveling on his recent European Marketing Mission, Governor McDonnell announced that German subsidiary Berryville Graphics will consolidate operations through an expansion of its headquarters and manufacturing facility in Berryville, Va. The project will bring a $10.6 million investment and 84 new jobs to Clarke County...

While traveling on his recent European Marketing Mission, Governor McDonnell announced that German subsidiary Berryville Graphics will consolidate operations through an expansion of its headquarters and manufacturing facility in Berryville, Va. The project will bring a $10.6 million investment and 84 new jobs to Clarke County.

One of the largest manufacturers of hardcover and softcover books, Berryville Graphics produces nearly 120 million books each year from its Berryville facility. The company is a subsidiary of German-owned Bertelsmann AG, the largest media company in Europe.

On June 12 the Governor met with Bertelsmann CEO Thomas Rabe in Gutersloh, Germany to close the deal as part of his European Marketing Mission.

Located in Berryville since 1956, Berryville Graphics has found success in Virginia despite challenges the publishing industry has faced in recent years. In addition to the region’s skilled and dedicated workforce, Virginia’s premier logistics network was also a key reason for consolidating operations in Clarke County.

The Clarke County location offers convenient access to I-81, I-70 and the I-66 connection to I-95. In addition, Virginia’s two Class I railroads, Inland Port, and international Port of Virginia allow companies to reach customers across multiple markets quickly and cost-effectively.

To learn why companies keep choosing the Commonwealth for its premier logistics capabilities and world-class workforce, click here.

DARPA Opens New Headquarters Building in Virginia’s Science Corridor

Tuesday, 19 June 2012 11:31 by Info@YesVirginia.org
The Defense Advanced Research Projects Agency (DARPA) recently celebrated the opening of its new headquarters building in the Ballston Science Corridor in Arlington, Va. DARPA first announced plans to relocate in July 2009 in order to meet updated Department of Defense (DOD) security requirements...

The Defense Advanced Research Projects Agency (DARPA) recently celebrated the opening of its new headquarters building in the Ballston Science Corridor in Arlington, Va. DARPA first announced plans to relocate in July 2009 in order to meet updated Department of Defense (DOD) security requirements.

Federal, state and local officials worked with the Base Realignment and Closure (BRAC) Commission to keep DARPA within the Science Corridor in Arlington, and avoid relocation to a military base. This project retained 800 jobs at DARPA and more than 1,700 jobs through its partnerships with other defense contractors and private businesses in the region.

The Virginia National Defense Industrial Authority administered a $10 million grant to customize the new building to meet the DOD’s Minimum Anti-terrorism Standards for Buildings. The 13-story, 352,000-square-foot building was also constructed to meet LEED Silver energy efficiency requirements.

A leading research institution and agency of the DOD, DARPA’s mission is to develop critical technology to preserve national security. The agency’s innovations have led to key scientific and research discoveries, including involvement in the creation of the Internet.

As part of the Ballston Science Corridor, DARPA will enjoy synergies with the surrounding science community, including the National Science Foundation, the Office of Naval Research, the Air Force Office of Scientific Research, CACI International, and the new Virginia Tech research center.

DARPA is one example of the many leading research institutions in the Commonwealth, providing Virginia businesses with access to cutting-edge research and an innovative workforce. To learn more about Virginia’s world-class research capabilities, click here.

Virginia Commended as America’s Most Livable State by U.S. Chamber of Commerce

Monday, 18 June 2012 16:52 by Info@YesVirginia.org
Virginia was named a Top Performing State and commended as America’s Most Livable State in the U.S. Chamber of Commerce’s recent report Enterprising States 2012. The report was released at the U.S. Chamber’s annual Jobs Summit on June 13...

Virginia was named a Top Performing State and commended as America’s Most Livable State in the U.S. Chamber of Commerce’s recent report Enterprising States 2012. The report was released at the U.S. Chamber’s annual Jobs Summit on June 13.

The report reviewed the economic development and job creation policies of all 50 states, looking at growth, productivity and livability measures. The Top Performing States were calculated using the follow seven factors: long-term job growth, short-term job growth, overall expansion of gross state product, state output per job, growth in output per job, growth in per capital personal income, and median income of a four-person household adjusted for state cost of living.

Virginia was ranked No. 1 in Median Family Income, STEM Job Concentration, and High-tech Share of All Businesses. The Commonwealth outperformed other states due to its high quality of living combined with a strong base of high-tech businesses and the skilled workers to support these companies.

This comes as no surprise, as Virginia has previously been recognized as having both the highest concentration of high-tech companies and the highest concentration of high-tech workers, according to Enterprising States 2011 and Cyberstates 2011, respectively.

The study also referenced Virginia’s leadership in building upon its strengths in technology through new legislative initiatives promoting research and development and investment in technology and science.

May’s seasonally adjusted unemployment numbers confirm Virginia’s positive story. Holding steady at 5.6 percent, the jobless number is well below the national average and remains the lowest rate in three years.

To learn why Virginia continues to receive top rankings for its pro-business environment, skilled workforce and high quality of life, click here.

UBED—Piedmont Virginia Community College Prepares Analysts for the Intelligence Community

Thursday, 14 June 2012 13:19 by Info@YesVirginia.org

As part of our ongoing series we are taking a look at what higher education institutions are doing around the Commonwealth to support University-Based Economic Development (UBED).

Piedmont Virginia Community College (PVCC) has partnered with the Advanced Technical Intelligence Center for Human Capital Development to develop an Analyst Boot Camp program for the intelligence community.

The 10-week, 400-hour Analyst Boot Camp is geared towards entry level intelligence workers with a bachelor’s degree. While at the boot camp students obtain Secret security clearance, and by the end of the program they can apply for Top Secret clearance.

The boot camp provides an overview of world events from an intelligence perspective, as well as coursework on the different types of intelligence. It also prepares students on all aspects necessary to complete a briefing, including gathering, analyzing and reporting on data.

Because participants get such a thorough overview of the intelligence community and can hit the ground running after graduation, PVCC estimates the program saves future employers $50,000-$80,000 per student.

The Analyst Boot Camp was developed to support the training needs of Central Virginia’s intelligence community. In particular, as part of the Base Realignment and Closure legislation, the Defense Intelligence Agency moved more than 800 jobs to Albemarle County’s Rivanna Station beginning in 2010. 

To date, the Analyst Boot Camp has graduated two classes and the third class is scheduled to begin later this month. Graduates find employment in the military, intelligence agencies, law enforcement, and in cyber security fields in the private sector.

This fall the program will expand its coursework for more advanced students to include a Certified Ethical Hacker course, additional software courses, and additional homeland security and counter-terrorism courses.

PVCC’s Analyst Boot Camp is another example of the customized workforce training solutions Virginia higher education institutions offer employers across the state. To learn more about the Analyst Boot Camp or PVCC’s customized workforce training solutions, click on the highlighted links.

Leading Lime Producer Carmeuse Lime & Stone Expands in Frederick County

Wednesday, 13 June 2012 09:31 by Info@YesVirginia.org

Last week, Carmeuse Lime & Stone announced it will expand its Frederick County limestone mining and quarrying operation through a $45 million investment, creating 25 new jobs.

The investment will be used to purchase new machinery and equipment, including a new modern kiln, to meet increased demand for the company’s products. With new EPA regulations around the production of “clean coal,” demand for lime products has increased due to lime’s ability to absorb sulfur and reduce emissions.

With a Belgium parent company and 90 facilities across the globe, the largest producer of lime and limestone products in North America certainly had its pick of locations. Carmeuse Lime & Stone chose Virginia not once, but five times, through its multiple operations across the Commonwealth. 

Carmeuse Lime & Stone has found success in Frederick County since 1959. The company’s decision to grow this location was based upon the region’s highly skilled workforce, wealth of natural resources, and supporting infrastructure.

With trucking as the company’s main distribution channel, Virginia’s superior logistics network helped seal the deal. The Frederick County location offers convenient access to I-81, I-70 and the I-66 connection to I-95, allowing the company to easily reach Eastern, Midwestern and Canadian markets.

In addition, the Virginia Inland Port is only a few miles away, allowing the company to access international markets through the world-class Port of Virginia.

To learn why Virginia is consistently ranked America’s Top State for Business, and why manufacturing companies keep coming back to the Commonwealth, click here.

Small Businesses Rank Virginia A Top Ten Friendliest State for Doing Business

Monday, 11 June 2012 09:31 by Info@YesVirginia.org
Virginia was ranked the No. 7 Friendliest State by more than 6,000 small businesses surveyed by Thumbtack.com and the Kauffman Foundation in the recently published Thumbtack.com Small Business Survey...

Virginia was ranked the No. 7 Friendliest State by more than 6,000 small businesses surveyed by Thumbtack.com and the Kauffman Foundation in the recently published Thumbtack.com Small Business Survey.

Virginia was in the top ten nationwide in the following categories: lowest cost to hire a new employee, business-friendly labor and hiring regulations, strong training programs, and networking events geared towards small businesses.

The Commonwealth was also the No. 1 state in the Mid-Atlantic region in the categories of overall small business friendliness, lowest cost of hiring a new employee, and ease of starting a small business.

Small businesses and entrepreneurs are at the heart of economic growth, providing 65 percent of net new jobs nationwide between 1993 and 2009, according to the Thumbtack.com Small Business Survey.

Governor McDonnell’s recent announcement of new legislature to encourage investment in small business further illustrates Virginia’s intent to attract and assist small businesses. Senate Bill 344 and House Bill 585 created the Small Business Investment Grant Fund which offers a grant equal to 10 percent of the qualified investment.

To learn why Virginia is a great place to start a business and read more about the extensive resources available to entrepreneurs, click here.

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The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

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Virginia is Top 3 Again in Business Facilities’ 2012 State Rankings Report

Wednesday, 15 August 2012 16:46 by Info@YesVirginia.org
Virginia again received a top three ranking in two coveted categories—the Commonwealth was ranked No. 3 in Best Business Climate and No. 2 for Economic Growth Potential. Virginia also received top ten recognition in the categories of Employment Leaders, Credit Quality, Per Capita Income, and Workforce Health and Safety...

Virginia again received a top three ranking in two coveted categories—the Commonwealth was ranked No. 3 in Best Business Climate and No. 2 for Economic Growth Potential. Virginia also received top ten recognition in the categories of Employment Leaders, Credit Quality, Per Capita Income, and Workforce Health and Safety.

As part of its eighth annual ranking, Business Facilities magazine weighed factors such as educational climate, the availability of workforce training, cost of labor, infrastructure, utility costs, credit rating and business tax climate. The magazine gave extra credit to states that have established pro-business policies.

According to Business Facilities magazine, “As the Commonwealth continues to rack up an impressive tally of corporate headquarters relocations, Virginia also has established itself as a high-tech hub with its new Commonwealth Center for Advanced Manufacturing, anchored by jet-engine maker Rolls-Royce.”

Virginia also received recognition for its leadership in two industry sectors— Aerospace and Biotech.

The Commonwealth was ranked No. 7 in the category of Aerospace/Defense Industry Leaders. With more than 230 aerospace companies calling Virginia home, the Commonwealth continues to attract industry leaders such as Alcoa Howmet, Cobham Composite Products, Dynamic Aviation, Northrop Grumman, Dynamic Aviation, Orbital Sciences, Rockwell Collins and Rolls-Royce. First in the nation for Department of Defense Prime Contracts in 2011, companies have invested more than $1.5 billion in relocating or expanding in Virginia over the last 10 years.

Virginia was also ranked No. 2 as an Emerging Biotech Hub. Located in the heart of the Mid-Atlantic life sciences cluster, Virginia offers biotech companies access to 11 federally-funded R&D centers as well as leading private institutions, such as SRI International and the Howard Hughes Medical Institute. With the highest concentration of high-tech workers according to Cyberstates 2011, it’s easy to see why nearly 800 life science companies have chosen to locate operations in the Commonwealth.

To learn why companies have prospered in the Commonwealth for more than 400 years, click here.

World’s Largest Credit Union Expands Virginia Footprint

Monday, 13 August 2012 15:53 by Info@YesVirginia.org
Navy Federal Credit Union recently announced plans to expand its member service operation in Winchester, Va. The multi-million dollar investment will bring 400 new jobs to Frederick County...

Navy Federal Credit Union recently announced plans to expand its member service operation in Winchester, Va. The multi-million dollar investment will bring 400 new jobs to Frederick County.

Virginia successfully competed against Florida, as Navy Federal elected to construct an additional building on its Winchester campus.

Headquartered in Fairfax County, Va., Navy Federal’s additional investment in nearby Frederick County is further testament to the success the company has found in Virginia. Navy Federal has operated its member service center in Frederick County for six years, growing to more than 500 employees at the existing facility.

As the world’s largest credit union with $50 billion in assets, Navy Federal has successfully grown from seven members in 1933 to four million members today. The company serves Department of Defense personnel and their families through a full range of financial products and services.

Member service operations are dependent upon skilled employees to provide excellent customer services critical to their success. The company’s continued growth in Virginia illustrates the high quality and motivation of its premier workforce.

As Navy Federal President and CEO Cutler Dawson said, “We have tremendous team members that work at our Winchester facility. This expansion will allow us to bring aboard even more in the future.”

To learn more about Virginia’s skilled workforce and why companies keep coming to the Commonwealth for its pro-business environment, click here.

Cadence Inc. Celebrates Growth in Virginia—Expansion is Ahead of Schedule

Friday, 10 August 2012 13:57 by Info@YesVirginia.org
Secretary Cheng visited Cadence headquarters in Staunton, Va., to announce the company was well ahead of schedule in both job creation and capital investment for the expansion announced in May 2011...

Secretary Cheng visited Cadence headquarters in Staunton, Va., to announce the company was well ahead of schedule in both job creation and capital investment for the expansion announced in May 2011.

In just over a year, Cadence has filled 55 of the 65 jobs the company announced it would create over a three-year period, and the company expects to create 50 additional jobs by the end of the year. Cadence has already put to work $11 million of the $15 million the company announced it would invest over the same three-year period.

A medical instrument components manufacturer, Cadence’s impressive growth is being fueled by strong demand in the medical device industry. The company manufactures high-performance, custom-made cutting blades used in in surgical devices and scientific applications. As a premier contract manufacturer, the company is a sought-after partner for its manufacturing knowledge and high performance solutions.

With options as far away as Costa Rica, Cadence decided to expand at its existing headquarters location at Green Hills Industry and Technology Park in Staunton, Va. Founded in the Commonwealth in 1985, the company has thrived due to Virginia’s pro-business climate, competitive operating costs, and highly-skilled manufacturing workforce.

“Our impressive job creation story is really a story about great employees doing amazing things that open the door for more employees to join our team,” said Cadence CEO Peter Harris. “So as Virginians and Americans, we should all thank the hard work of many individual Cadence employees for their success in creating jobs during this period of economic challenge for the country.”

To learn why manufacturing companies like Cadence continue to find success in the Commonwealth, investing more than $13.7 billion over the last 10 years, click here.

Secretary Cheng congratulates Cadence employees on their tremendous growth at company headquarters in Staunton, Va.

Morooka America Establishes its First U.S. Track Carrier Manufacturing Plant

Tuesday, 7 August 2012 12:45 by Info@YesVirginia.org
Following Governor McDonnell’s announcement in July, last week Morooka America celebrated the opening of its first U.S. track carrier manufacturing plant in Hanover County. The project will bring 50 new jobs to the Central Virginia region...

Following Governor McDonnell’s announcement in July, last week Morooka America celebrated the opening of its first U.S. track carrier manufacturing plant in Hanover County. The project will bring 50 new jobs to the Central Virginia region.

Morooka America will operate under a license agreement with Japan-based Morooka Company Ltd., a leading manufacturer of rubber track carriers used in the construction, pipeline installation and agricultural industries. Using its specialized rubber tracks, the Morooka Carrier offers the additional traction needed to transport heavy materials through challenging terrain.

With the U.S. as the leading export destination for Morooka products, the Virginia facility will allow the company to optimize its supply chain and more efficiently serve and grow its North and South American markets. 

Virginia offers a strategic location for both the manufacturing and distribution of Morooka’s products. With nearly 240,000 workers employed in the manufacturing industry, Virginia’s workforce stands ready to support the industry’s needs.

In addition, Virginia’s central East Coast location and premier logistics network offer easy access to U.S. and international markets. With 14 railroads, six major interstate highways, nine commercial airports, the international Port of Virginia, and the Virginia Inland Port, the Commonwealth’s substantial logistics infrastructure is a major advantage for companies.

To learn why global manufacturing companies continue to establish operations in Virginia, investing more than $13.7 billion over the last 10 years, click here.

Secretary Cheng addresses the crowd at the Morooka America ribbon-cutting event in Hanover County, Va.

International Paper’s Franklin Mill Finds a New Tenant in Tak Investments

Thursday, 2 August 2012 10:10 by Info@YesVirginia.org
This week, Tak Investments Inc. announced it will invest $60 million and create 85 new jobs to establish a recycled tissue plant for its subsidiary, ST Tissue, in Isle of Wight County...

This week, Tak Investments Inc. announced it will invest $60 million and create 85 new jobs to establish a recycled tissue plant for its subsidiary, ST Tissue, in Isle of Wight County.

A win-win for the company and county, this project will repurpose a vacant portion of the International Paper mill in Franklin, Va., making use of machinery already in place.

This news comes within a month of International Paper’s announcement that it recommenced operations at its formerly-closed Franklin Mill. After closing the mill in 2009, International Paper upfit a portion of the mill to manufacture fluff pulp, bringing more than 200 new jobs to the region.

Location and existing infrastructure were key factors in Virginia’s favor, allowing the Commonwealth to successfully compete against Wisconsin. The Franklin Mill location allows the company to take advantage of an existing facility with paper-making machinery and a trained workforce already in place.

In addition, the location not only aligns with the company’s supply chain, but Virginia’s strategic East Coast location and premier transportation infrastructure will allow the company to capture additional market share. 

This project builds on the success Isle of Wight County has experienced on its way towards economic recovery. Recent announcements from Green Mountain Coffee Roasters and International Paper are expected to bring more than 1,000 jobs to the area.

To learn why leading manufacturers continue to select the Commonwealth, investing more than $13.8 billion from 2002 to 2010, click here.

Ace Hardware Celebrates Grand Opening of East Coast Import Center in Virginia

Tuesday, 31 July 2012 15:08 by Info@YesVirginia.org
Last Thursday, Ace Hardware held a ribbon-cutting ceremony to celebrate the grand opening of its East Coast import center at the Centerpoint Intermodal Center in Suffolk, Va...

Last Thursday, Ace Hardware held a ribbon-cutting ceremony to celebrate the grand opening of its East Coast import center at the Centerpoint Intermodal Center in Suffolk, Va.

The project, which includes a 336,000-square-foot facility, was announced last fall and is expected to bring a $14 million investment and 75 new jobs to the Hampton Roads region. 

The East Coast import center builds upon the company’s existing Virginia presence, which includes 275 employees at its regional distribution center in Prince George County, and many more Virginia employees at the 54 independently-owned stores located across the Commonwealth.

As Ace Hardware’s first and only import center on the East Coast, the facility will allow the company to optimize its supply chain to retail locations. It also validates the Hampton Roads region as a center of international trade.

Virginia was selected for its strategic location and premier transportation system, which includes access to the international Port of Virginia, one of the largest intermodal facilities on the East Coast and the only U.S. East Coast location able to handle post-Panamax vessels as first port of call. Virginia also offers 14 railroads, an inland port, six major interstate highways and nine commercial airports.

To learn more about Virginia’s burgeoning logistics industry and why companies have invested more than $1.6 billion in logistics projects across the Commonwealth over the last 10 years, click here.

Representatives from Ace Hardware Corporation, the City of Suffolk and the Commonwealth of Virginia celebrate the grand opening of the company’s new East Coast import center.

Renewable Energy Company Enviva Breaks Ground on Virginia Manufacturing Facility

Friday, 27 July 2012 15:01 by Info@YesVirginia.org
Lieutenant Governor Bill Bolling and Secretary Todd Haymore attended Enviva’s ground-breaking ceremony at the Southampton County Commerce and Logistics Center in Franklin, Va...

On Wednesday, Lieutenant Governor Bill Bolling and Secretary Todd Haymore attended Enviva’s ground-breaking ceremony at the Southampton County Commerce and Logistics Center in Franklin, Va.

Enviva began construction on its 454,000-metric-ton wood pellet manufacturing facility after announcing this project would bring a $75 million investment and 64 new jobs to Southampton County last November. The facility is expected to support more than 100 additional jobs through the company’s logging supply chain.

As a leading biomass fuel supplier, Enviva’s commitment to sustainable practices is evident in its location requirements. To minimize its carbon footprint, the company seeks strategic locations offering close proximity to both biomass sources as well as waterways and ports, for easy shipment to international customers.

Southeastern Virginia is uniquely positioned to meet the company’s needs on both counts. According to Enviva Chairman and CEO John Keppler, “Southampton County has all the elements essential to our success: a rich wood basket, a strong and seasoned timber industry, a skilled and experienced labor force, and is logistically advantaged to our Port of Chesapeake export terminal.”

This past New Year’s Eve, Enviva opened its deep water terminal at the Port of Chesapeake. The company selected Virginia’s Port of Chesapeake for its deep water capacity and ability to handle a variety of vessels. The company’s inaugural shipment consisted of 28,000 metric tons of wood pellets destined for Europe aboard the MV Daishin Maru.

With the Commonwealth's “all-of-the-above” approach to energy, this investment continues Virginia’s quest to lay claim to the title “Energy Capital of the East Coast.” From conventional fuel mining to renewable energy producers, Virginia provides energy companies with the resources for success.

To learn why energy companies have invested more than $4.6 billion in Virginia over the last ten years, click here.

Lieutenant Governor Bill Bolling and Enviva CEO John Keppler (center) join state, local and company officials at the Enviva ground-breaking ceremony in Franklin, Va.

The Institute for Advanced Learning and Research Hosts Launch of Virginia Polymer Coalition

Thursday, 26 July 2012 09:48 by Info@YesVirginia.org
On August 15, the Virginia Polymer Coalition will commence with its inaugural meeting at The Institute for Advanced Learning and Research (IALR) in Danville, Va.

On August 15, the Virginia Polymer Coalition will commence with its inaugural meeting at The Institute for Advanced Learning and Research (IALR) in Danville, Va.

Southern Virginia has seen a growing cluster of polymer technology and manufacturing companies, and a recently commissioned study from the Southside Business Technology Center confirms the need for better industry collaboration and research.

With rising raw materials costs, polymer manufacturers are looking for ways to manage costs as well as find better methods for product testing, materials analysis and recycling.

Sustainability is also a frequent topic in the industry, augmented by customer requests for biodegradable products. Increased interest in Biopolymers as a possible solution has led to the need for additional research in this field.

The Institute for Advanced Learning and Research is an ideal location for this industry hub, offering an existing polymer lab, onsite scientists, and a strong partnership with Virginia Tech faculty.

“Polymer manufacturers represent an important industry in Southern Virginia with products ranging from packaging, including tubes, tape, film and bags to fibre and tires,” said  IALR Executive Director Liam Leightley. “One way for the Virginia Polymer Coalition to support the cluster is for it to regularly host a network meeting for regional polymer companies to be able to meet, discuss and share their business challenges, R&D needs, best practices and industry solutions.” 

To learn more about The Institute for Advanced Learning and Research and Virginia’s broad selection of world-class research institutions, click on the highlighted links.

A view of The Institute for Advanced Learning and Research in Danville, Va.

International Paper Commences Manufacturing Operations at Franklin Mill

Wednesday, 18 July 2012 13:49 by Info@YesVirginia.org
International Paper recently announced it began manufacturing operations at its Franklin Mill in Isle of Wight County. In May 2011, Governor McDonnell announced the company’s plans to invest $83 million to repurpose a portion of its closed mill and create more than 200 new jobs in the region.

International Paper recently announced it began manufacturing operations at its Franklin Mill in Isle of Wight County. In May 2011, Governor McDonnell announced the company’s plans to invest $83 million to repurpose a portion of its closed mill and create more than 200 new jobs in the region.

After closing the paper mill in 2009, International Paper has upfit a portion of the plant to manufacture fluff pulp, a key component in absorbency products such as diapers and hygiene products. The company expects to produce 840 tons per day of high-quality fluff pulp once it ramps up to full production.

“This is a wonderful turnaround story for Isle of Wight County—to have some recovery of the jobs lost in 2009 and repurpose a facility is great news for the region,” said VEDP Managing Director Brent Sheffler.

The company’s familiarity with the assets of the region—including a strong wood basket supply chain and a skilled and dedicated advanced manufacturing workforce—helped Virginia win this project.

Logistics infrastructure was also a critical deciding factor, as the company expects to export a substantial amount of its product. Access to existing rail service and close proximity to the international Port of Virginia made the Franklin Mill the clear choice.

As the third largest global supplier of fluff pulp, this investment allows the company to expand its footprint in this growing market and continue its strong legacy in Virginia’s pro-business environment. 

With more than 6,000 manufacturing companies located in the Commonwealth, click here to learn why leading companies like International Paper continue to invest in Virginia.

Big R Bridge Announces First Virginia Location in Washington County

Friday, 13 July 2012 14:36 by Info@YesVirginia.org
On Tuesday, Lieutenant Governor Bill Bolling attended an event to announce that Big R Bridge, a national leader in developing engineered solutions in steel bridges, corrugated metal structures, retaining wall systems and corrugated pipe, will establish its first Virginia location in Washington County.

On Tuesday, Lieutenant Governor Bill Bolling attended an event to announce that Big R Bridge, a national leader in developing engineered solutions for steel bridges, corrugated metal structures, retaining wall systems and corrugated pipe, will establish its first Virginia location in Washington County.

The $1.9 million investment will be used to convert the former Lynchburg Steel Facility into a manufacturing operation for the company’s prefabricated bridge parts, bringing 32 new jobs to Southwest Virginia.

Big R Bridge has been supplying prefabricated bridges and custom engineered products for more than 40 years, handling more than 10,000 installations to date and creating more than 300 bridges each year.

The new facility in Washington County will allow the company to expand its U.S. footprint and more easily access East Coast markets. Virginia successfully competed against North Carolina for the project.

The Commonwealth was chosen for its strategic location and premier logistics network, offering easy access to Interstates 81 and 77. Virginia was also selected for its exceptional workforce with the advanced manufacturing skills needed to produce the company’s highly engineered solutions.

With names like DuPont, Honeywell, Owens & Minor, Merck and Rolls-Royce, Virginia continues to attract top tier manufacturing companies. To learn why more than 6,000 manufacturers call Virginia home, click here.

Virginia Delegate Landes Named BIO State Legislator of the Year

Wednesday, 11 July 2012 13:33 by Info@YesVirginia.org
The Biotechnology Industry Organization (BIO) honored Virginia Delegate R. Steven Landes as its State Legislator of the Year at the recent 2012 BIO International Convention in Boston, Mass.

The Biotechnology Industry Organization (BIO) honored Virginia Delegate R. Steven Landes as its State Legislator of the Year at the recent 2012 BIO International Convention in Boston, Mass.

Delegate Landes was recognized for his efforts in advancing the field of biotech and supporting legislation to make Virginia a top state to attract and retain life sciences businesses.

BIO is the world’s largest biotech organization and the BIO International Convention is the largest global event for the biotech industry with 15,000 attendees at its annual conference.

Delegate Landes was given the award in the Virginia Pavilion, a 1,500-square-foot space organized by VEDP. The Pavilion showcased Virginia’s universities, companies and local economic development groups in the Commonwealth’s major life science clusters: Northern Virginia, Hampton Roads, Charlottesville, Greater Richmond, and the I-81 Corridor.

With its central location in the Mid-Atlantic Life Science cluster and strong technology and life sciences workforce, Virginia’s biotech industry is on the rise. Top research institutions such as SRI International and the Howard Hughes Medical Institute, as well as leading companies, including Merck, Fareva, McKesson, Teva Pharmaceuticals, and Boehringer Ingelheim have all chosen to locate in the Commonwealth.

To learn more about Virginia’s growing life science industry and why the private sector has invested more than $1.9 billion over the last decade, click here.

Virginia Biotechnology Association Interim Executive Director Jeff Gallagher (left) and BIO Vice President, Alliance Development and State Government Relations Fritz Bittenbender (right) present Delegate Landes with the State Legislator of the Year award.

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About VEDP

Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

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YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Virginia to Offer Foreign Direct Investment Expertise

Friday, 24 March 2017 09:51 by Info@YesVirginia.org

The Virginia Economic Development Partnership will attend the German American Trade Association’s U.S. Entry Meeting in Stuttgart, Germany on March 29.

The German American Trade Association is a nonprofit organization that offers seminars and advice on site selection, funding, customs affairs, and finding agents and distributors for companies looking to do business with the U.S.

Ryland Potter, a member of VEDP’s Business Investment division, will serve as a foreign direct investment expert and speak on subsidies and grants available to German companies looking to expand into the U.S. market.

Virginia is a leading gateway to successful business in North America, with more than 550 internationally-owned companies choosing to call the Commonwealth home.

"Companies thinking about establishing a subsidiary in the U.S. attend GATA meetings to get the most up-to-date information in order to assess their potential,” said Luisa Blumfeld, GATA’s Marketing Director.

VEDP values its partnership with the German American Trade Association and the opportunity to meet with companies directly to showcase Virginia as a location to do business.

International companies have invested more than $8.3 billion over the past 10 years. To learn why so many companies choose to invest in Virginia, click here.

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Virginia Rises to Second in Atlantic Region in Annual Workforce Development Rankings

Wednesday, 1 February 2017 14:25 by Info@YesVirginia.org

Virginia rose from fourth to second in the Atlantic region in a recent analysis of state workforce development activities conducted by Site Selection Magazine.

Site Selection’s third annual state workforce development rankings provide a general sense of which states, in a given region, are devoting sufficient or superior resources to preparing their workforces for current and future employment. The analysis looked at states’ commitment to skills development as measured by their spending on workforce development, K-12 preparation and the number of working-age adults deemed “career-ready.”

Among the eight ranked states, Virginia scored ahead of highly competitive states like Florida, North Carolina, Maryland, and Delaware, and tied with South Carolina.

“Virginia’s improved ranking is further evidence that we’re making significant progress toward building a 21st century workforce,” said Governor McAuliffe. “We know that workforce is the number one factor companies evaluate when making a decision to locate a new facility or expand their existing business.  We’re pleased to see our position improve relative to our regional competitors and will continue our efforts to assure our position as a leader in workforce development and education.”

Virginia offers customized recruiting and training services through the Virginia Jobs Investment Program (VJIP). To learn more about this economic development incentive, click here.

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Virginia Economic Developers Recognized in National Ranking

Wednesday, 25 January 2017 14:20 by Info@YesVirginia.org

Five of Virginia’s top economic developers were recognized on Consultant Connect’s 2017 list of North America’s Top 50 Economic Developers last week.

Consultant Connect, an agency designed to bridge the gap between economic developers and site consultants, announced its annual list of leaders in the industry. The recognized economic development professionals were nominated by their colleagues in both the economic development industry and the site consultant community for excellent practices and innovation and success in building the communities they serve.

Virginia tied for the second most appearances of any state on the list of top economic developers. We are thrilled to congratulate:

    - Pandy Brazeau, Virginia Economic Development Partnership

·         - Carrie Chenery, Shenandoah Valley Partnership

·         - Beth Doughty, Roanoke Regional Partnership

·         - Megan Lucas, Lynchburg Regional Business Alliance

·         - Buddy Rizer, Loudoun County Department of Economic Development

This recognition is a testament to Virginia’s dedicated economic development team at the state, regional and local levels. VEDP is proud to work with such a committed team, and we are thrilled to have so many colleagues recognized on this list.

 

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Staying Focused on What Really Matters

Friday, 16 December 2016 14:39 by Info@YesVirginia.org

As 2016 comes to a close, we want to recognize the economic development profession throughout Virginia that works tirelessly for the common good, and in particular, to the dedicated employees of the Virginia Economic Development Partnership Authority (VEDP).

As leaders of the Board of Directors of VEDP—which by anyone’s measure, just experienced its most difficult year of operation since its formation in 1995—we are wrestling with deep problems facing VEDP, the economy and some systemic ones woven into the very fabric of how our Commonwealth approaches economic development. We are, however, optimistic because we know that economic development partners across the state are taking actions necessary to fortify Virginia’s future.

For our part, the VEDP Board is engaged. In 2014, Don Seale, then Chairman of the VEDP Board of Directors, realized that fundamental changes were needed inside the organization.  Don called for the creation of a Chief Operating Officer position and recruited Dan Gundersen to help reset VEDP. Dan’s initial focus was on strategic direction, creative programming, engaging employees, and assuring greater management control and accountability procedures.

We began to peel back the layers of VEDP. Dan Gundersen produced for the Board a first-ever Strategic Review that serves today as the guidepost for a 3-5 year action strategy for VEDP. A new compensation plan was adopted which provided pay equity across positions. We evaluated funding models for 49 other states’ economic development entities, produced new top-line metrics, put in place a robust communications strategy for the external partners and encouraged new avenues for employee input and engagement.   

We (Chris Lumsden and Dan Clemente) succeeded Don Seale as Chairman and Vice-Chairman respectively and the first thing we decided to do was to hear from our stakeholders. We conducted a Listening Tour that involved over 150 economic development professionals, public officials, and business interests in all regions of Virginia and more than 80 counties. We learned that over several years’ time, VEDP’s approach to marketing and deals had alienated many of its stakeholders and contributed to a crisis of confidence.

In March of this year, we asked Dan Gundersen to serve as Interim President and CEO, as well as COO, to help turn around VEDP. He demonstrated great courage and collaborative leadership skills in managing VEDP during a period of serious political stress and organizational crisis. Working with the Board’s Finance and Audit Committee, the VEDP team put in place solid due diligence procedures for discretionary grants, cleaned up twenty years of Governor Opportunity Fund records, and delved into data integrity and integration issues. VEDP also moved its 55,000 square-foot headquarters to new space that saved the Commonwealth over $1.8 million. The new headquarters is designed with open spaces and glass offices and, quite literally, sends a clear message to all that VEDP is a transparent organization that is reinventing itself for the next generation of economic development.   

By mid-summer, again with direct involvement of key Board leaders, input from the Joint Legislative Audit & Review Commission (JLARC) team and independent management consultants, VEDP was prepared to roll out a reorganization. Dan Gundersen successfully led VEDP through the difficult reorganization process, with input from a core planning group, cross-functional work teams, and facilitated focus groups of employees throughout the organization. Three new market-facing divisions were established: Business Investment, Competitive Initiatives and Workforce Development. They operate alongside VEDP’s International Trade team to support businesses.

New management in key spots has infused new energy and determination to have VEDP become recognized as the very best economic development organization in the country. We are pleased that Stephen Moret will join us at the helm in January.

Our work is not over—far from it. But we have laid a solid foundation on which to build a bright future for economic growth in Virginia. This would not have happened without the active support of Virginia’s economic development professionals. We thank you and look forward to continuing to work closely with you as we enter into the new year with renewed confidence and enthusiasm.

Sincerely,

Dan Clemente, Chairman of the Board
Vince Mastracco, Vice-Chairman of the Board
Chris Lumsden, previous Chairman of the Board

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Getting to Know: New River Valley

Thursday, 1 September 2016 16:30 by Info@YesVirginia.org

Throughout the year, VEDP embarks on regional familiarization trips, or FAM tours. In August, Charlie Jewell of the New River Valley Alliance lead a small group from VEDP on a tour around the New River Valley (NRV), which included 20 visits to local businesses.

The NRV covers more than 200 square miles and is home to Giles County, Pulaski County, Floyd County, Montgomery County, the City of Radford and Towns of Blacksburg and Christiansburg. With a growing population of 183,000, the NRV has an incredibly diverse and robust economy for its size.

In 2015, the region had the second highest job growth rate in Virginia, and this year, Area Development Magazine listed the NRV as having the fourth best workforce in the nation. The Valley is also a constant recipient of quality of life accolades thanks to the area’s beautiful mountainous setting and charming small town atmosphere. The NRV is also bolstered by their esteemed universities, including Virginia Tech and Radford, in addition to the New River Valley Community College.

On the tour, VEDP visited a wide array of business including Red Sun Farms, Jackson Park Inn, Floyd Commerce Park, Rackspace, Virginia Tech’s Corporate Research Center and the Riverbend Facility.

To learn more about Virginia’s wide variety of communities, click here.


Members from VEDP tour available building space in the New River Valley.

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Virginia’s Woodworking Industry Provides Solid Foundation

Friday, 26 August 2016 14:31 by Info@YesVirginia.org

This week, VEDP is attending the International Woodworking Fair in Atlanta, Georgia. We had the opportunity to partner with our state’s Department of Agriculture and Consumer Services and Department of Forestry to promote Virginia and its forest products, emphasizing the importance of the industry in the Commonwealth.

More than 31,000 people were employed by over 900 companies in Virginia’s wood products industry in 2015, which had a direct economic output of $10.3 billion and supported an additional output of $7.1 billion.

Virginia’s strategic mid-Atlantic location and superior transportation network provide access to 43 percent of the U.S. population located within a one-day (10 hour) drive. These assets combined with access to the Port of Virginia and a direct connection to over 100 foreign ports make an ideal location for wood industry companies.

Virginia’s higher education system provides education and training programs to bolster the Commonwealth’s workforce and therefore Virginia businesses. Virginia Tech’s Department of Forest Resources and Environmental Conservation is home to the following research centers: Conservation Management Institute, Center for Geospatial Information Technology and Virginia Water Resources Research Center. Virginia State University partners with Virginia Tech to run the Virginia Cooperative Extension to offer programs such as the Virginia Forest Landowner Education Program and the Virginia SHARP Logger Program. Blue Ridge Community College has a Die Cutting and Packaging program to generate skilled technicians for the paperboard packaging industry.

In the past decade, wood products companies in Virginia have announced projects worth $3.8 billion in pledged investment and more than 10,100 pledged jobs. To learn why companies choose Virginia click here.

VEDP, VDACS and VA Department of Forestry provide large Virginia presence at IWF 2016.

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Foreign Direct Investment Makes Massive Job Impact on Virginia

Thursday, 23 June 2016 09:48 by Info@YesVirginia.org

This week, VEDP attended the SelectUSA Investment Summit, a high-profile event in Washington, D.C. dedicated to promoting foreign direct investment (FDI) in the United States. We had the opportunity to connect with companies all over the world to discuss the benefits of doing business in Virginia.

Governor Terry McAuliffe hosted a Virginia reception to showcase the Commonwealth’s assets and participated in a workforce development panel during the conference.

Global investment supports nearly 487,000 jobs in Virginia. These direct FDI and related supply chain jobs earn higher compensation than the overall state average.

During SelectUSA 2015, VEDP met ELDOR Corporation for the first time. Following the Summit, Governor McAuliffe traveled to ELDOR’s headquarters in Italy to meet with company leadership. Less than one year after first meeting at SelectUSA, ELDOR announced their plans to invest $75 million and create 350 new jobs at their North American regional headquarters in Botetourt County.

More than 700 internationally-owned companies call Virginia home, including Canon, Stihl and Rolls-Royce. Cost-effective operations, pro-business values, global logistics assets and easy access to the U.S. market are just a few of the unique resources that allow businesses to prosper here.

From 2009 to 2014, international companies announced more than 15,000 new jobs and $4.6 billion investment in the Commonwealth. To learn why companies choose Virginia for internal investment, click here.


Governor McAuliffe
participated in a workforce development panel during SelectUSA.

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Sumitomo Machinery Corporation Celebrates 50 Years in North America

Friday, 3 June 2016 11:40 by Info@YesVirginia.org

Sumitomo Machinery Corporation of America (SMCA) is celebrating the 50th anniversary of its North American headquarters, located in Chesapeake, Virginia.

Sumitomo Machinery Corporation of America is a subsidiary of Sumitomo Heavy Industries, one of the largest manufacturers of machinery in Japan and the global leader in power transmission knowledge and innovation. SMCA is the premiere power transmission and control solution provider and has customers across the U.S. and globally.

In 1987, Sumitomo relocated to Chesapeake from New Jersey and constructed a new manufacturing facility for the production of its cyclo drive technologies, speed reducers, speed variators, motors and related industrial gears.

Sumitomo has experienced consistent growth since joining the Commonwealth. In 2009, SMCA announced its first Engineering and Service Center would open in Chesapeake, and in 2012, they shared plans for the first phase of a three year investment strategy to transition their 250,000-square-foot facility from an assembly and distribution center to an assembly and manufacturing facility. 

In August 2013, the company announced a definitive merger agreement with Hansen Industrial Transmissions Inc., a leading provider of large size industrial gear drives, which operates at the HNA facility in Verona, Virginia.

Since locating to Virginia, Sumitomo has invested over $60 million in the Commonwealth and has 264 employees in Chesapeake, Suffolk and Verona.

Virginia’s strategic central location on the U.S. East Coast and access to the Port of Virginia has made an ideal home for Sumitomo.

To learn why more than 5,500 manufacturing companies like Sumitomo have chosen to locate in Virginia, click here.


Mayor of Chesapeake Alan Krasnoff and Secretary of Commerce and Trade Maurice Jones recognize Sumitomo leadership during the anniversary event.

Georgia Pacific’s Big Island Mill Celebrates 125 Years in Virginia

Thursday, 26 May 2016 13:53 by Info@YesVirginia.org

Virginia is celebrating Business Appreciation Month by showcasing Georgia Pacific and the 125th anniversary of its Big Island paper mill in Bedford County, Virginia.

Georgia Pacific is one of the world’s leading manufacturers and distributors of tissue, pulp, paper, packaging, building products and related chemicals. Located just north of Lynchburg on the James River, Big Island mill is one of four Georgia Pacific locations in Virginia. The other facilities are located in Gladys, Emporia and Ridgeway.

The Big Island mill has been in continuous operation since 1891, when the first roll of paper was produced. The mill has faced ownership changes, fire, floods, and machinery and technological shifts during the past 125 years.

The paper mill’s most recent announcement in 2015 included a $50 million investment to improve reliability and environmental performance and upgrade technology.

To mark the mill’s 125 years of continual operation, Georgia-Pacific has launched a year-long commemoration throughout 2016 to honor the mill’s history, celebrate generations of employees and to thank the community for its enduring support.

The Big Island facility employs about 330 people and is Bedford County’s oldest business. The company credits its success to the community, which helped sustain and support Big Island and generations of families who continue to work at the mill for more than a century.

In addition to a strong manufacturing workforce, Virginia provides Georgia Pacific with a strategic location, offering easy access to the company’s customers. Located on the upper James River, the Big Island location offers employees a high quality of life with close proximity to the Blue Ridge Mountains, scenic hiking and biking trails, and numerous national parks.

As we celebrate Virginia Business Appreciation month, Georgia Pacific’s Big Island paper mill serves as a great example of how Virginia can offer long-term prosperity. To learn why companies like Georgia Pacific call Virginia home, click here.

An undated photo of a maintenance crew working at the Big Island paper mill.

Distribution Companies Deliver Big Investment to Virginia

Wednesday, 18 May 2016 14:53 by Info@YesVirginia.org

This week, for Business Appreciation Month, we’re highlighting Virginia’s distribution industry and celebrating the positive impact these companies bring to the Commonwealth.

Virginia's businesses provide services and manufactured goods to customers throughout the world. Our distribution base remains strong and continues to grow with companies like The Home Depot, Best Buy, Target, Wal-Mart, Ace Hardware and Amazon.com all delivering goods from the Commonwealth.

Increasingly, retailers and distributors are taking advantage of Virginia's proximity to Eastern U.S. and Midwest markets. Millions of square feet of new warehousing space have been added at new distribution centers around the state.

In the past decade, 365 global logistics industry projects have announced capital investment of more than $1.8 billion and the creation of over 16,500 new jobs.

The Commonwealth is within a one-day drive time of approximately 43 percent of the U.S. population and over 186,000 manufacturing establishments. With our central East Coast location, Virginia is an obvious choice for many companies looking to establish or expand distribution centers.

In 2012, The Vitamin Shoppe announced a $39.4 million investment to establish a distribution center and create 174 new jobs in Hanover County. The 312,000 square-foot facility has become the company’s flagship distribution center featuring a state-of-the-art conveyor and picking and packing systems to move products from storage shelves throughout the facility to shipping bays.

McLane Foodservice Distribution, located in Prince William County, services restaurants in the Mid-Atlantic region. With two expansions in the last 10 years, the 223,000 square foot facility has three different temperature controlled areas—freezer, refrigerated and dry—in addition to employing more than 160 people.

As part of Virginia Business Appreciation Month, the distribution and global logistics industry is a great example of success due to the Commonwealth’s premier location and business environment. To learn more about the distribution industry in Virginia, click here.


The Vitamin Shoppe distribution center in Hanover County, Virginia.

Cybersecurity Industry Surges Ahead in Virginia

Thursday, 12 May 2016 10:46 by Info@YesVirginia.org

It’s Business Appreciation Month in Virginia, and we’re celebrating by highlighting one of the Commonwealth’s top industries, cybersecurity.

With its close proximity to Washington, D.C., Virginia is part of the nation’s Cyber Capital. As the hub of leading-edge intelligence technology, Virginia serves as a fertile ground for the growing cybersecurity industry. Key federal agencies involved with cybersecurity along with the nation’s leading cyber companies, such as Booz Allen Hamilton, General Dynamics, Lockheed Martin and Northrop Grumman Corp. are located in Virginia.

The Commonwealth is at the center of the IT industry, with 70 percent of the world’s internet traffic passing through Virginia.

On the heels of California, Virginia has the second highest concentration of technology workers in the nation, with nearly 10 percent of the state’s workforce employed by the information technology sector, according to Cyberstates 2015. As a result, Virginia is home to the headquarters of nearly 40 of the Washington Technology Top 100 federal contracting companies.

Reston’s Carahsoft is one of the most successful, fastest growing technology solution providers in the U.S. Founded in 2004, Carahsoft helps government agencies find the best possible technology solution at the best possible value.

NCS Technologies, headquartered in Gainesville, designs, manufactures, distributes and supports its products from a single location for clients including federal agencies, healthcare and schools. Since its founding in 1996, NCS Technologies has become a leading domestic producer of computers, servers and storage systems.

As part of Virginia Business Appreciation Month, cybersecurity represents the high-growth and technological innovation that is alive and well in the Commonwealth. To learn why these companies have found success in Virginia, click here.

 

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About VEDP

Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

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VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
YesVirginia Business Blog | November 2015

Virginia — The Only State Ranked in Top Five Since the Inception of Pollina’s Pro-Business Study

Tuesday, 10 November 2015 15:28 by Info@YesVirginia.org
Virginia has again received a top ranking in the Pollina Corporate Real Estate/AEDI Top 10 Pro-Business States for 2015. For the third straight year, the Commonwealth was ranked No. 4 overall and was the top state on the East Coast. Virginia was ranked in the top three from 2004-2012...

Virginia has again received a top ranking in the Pollina Corporate Real Estate/AEDI Top 10 Pro-Business States for 2015. For the third straight year, the Commonwealth was ranked No. 4  overall and was the top state on the East Coast. Virginia was ranked in the top three from 2004-2012.

“Clearly a national leader in the 12 years of this study, no other state comes close to Virginia when it comes to being a consistent pro-business state. Virginia holds the distinction of being the only state to remain within the top five pro-business states for the entire history of this study,” said Brent A. Pollina, president of Park Ridge, Illinois-based Pollina Corporate Real Estate Inc. and author of the study.

Virginia received an overall grade of A as it has for the last five years. The Commonwealth was the No. 1 state in the Stage II section, which is based on metrics at the state economic development agency level, such as incentives and marketing/website/response to new and existing employers.

“Governor Terry McAuliffe and the Virginia Economic Development Partnership should be commended for their efforts to consistently remain competitive, as they have clearly worked to preserve the tools Virginia needs to remain one of the most pro-business state in the country,” continued Pollina.

The Pollina study is considered the “gold standard” for evaluating states on 32 factors controlled at the state government level, including taxes, human resources, education, right-to-work legislation, energy costs, infrastructure spending, regulatory environment, workers’ compensation laws and economic incentive programs.

Consistency of a state’s performance is an important consideration when companies are making long-term decisions about corporate site locations that require significant capital investment.

“The key to Virginia’s success is its ability to balance low taxes, a good labor force, and a strong economic development program. With a Stage I rank of #9 and a Stage II rank of #1, Virginia has one of the most well-rounded business climates in the nation.”

To learn why Virginia has the right resources that have allowed companies to prosper here for more than 400 years, click here.

Photo courtesy of Virginia Department of Transportation.

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About VEDP

Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

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© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.