Plastics on the Rise — Insights from the Plastics News Forum 2014

Friday, 7 March 2014 14:15 by Info@YesVirginia.org
Last week, VEDP attended the Plastics News Executive Forum in Tampa, Florida. We had the opportunity to hear from Bill Wood, Founder of Mountaintop Economics & Research, and learn why he thinks the North American plastics industry is on the rise...

Last week, VEDP attended the Plastics News Executive Forum in Tampa, Florida. We had the opportunity to hear from Bill Wood, Founder of Mountaintop Economics & Research, and learn why he thinks the North American plastics industry is on the rise.

First, the Institute for Supply Management’s Purchasing Managers' Index has been growing for the past few years. The PMI is an economic indicator derived from monthly surveys of private sector companies. Since the PMI has been on the rise for several years, Bill predicts it should continue to increase for years to come, which is good news for Virginia’s already thriving plastics industry.

Second, U.S. durable goods orders are on the upward trend with five percent growth in 2014. Durable goods are items from toasters to aircraft meant to last three years or more. This increase shows hopeful signs for factory activity which have slowed in recent years.

Finally, U.S. plastic parts production has increased six percent in the past year. Low U.S. natural gas prices have helped increase domestic plastic production after a decline from the 2008 recession.

These three factors are strong indicators that the U.S. plastics industry will continue to grow in 2014. Since 2003, Virginia plastics firms have invested more than $1 billion and created more than 4,900 jobs. To learn more about Virginia’s plastics industry, click here.

Bill Wood, Founder of Mountaintop Economics & Research, presents at the Plastics News Executive Forum 2014.

Virginia’s Focus on Cybersecurity Remains Strong

Thursday, 6 March 2014 14:22 by Info@YesVirginia.org
Governor McAuliffe recently announced the launch of Cyber Virginia, a plan to establish the Virginia Cybersecurity Commission and augment Virginia’s leadership in cybersecurity...

Governor McAuliffe recently announced the launch of Cyber Virginia, a plan to establish the Virginia Cybersecurity Commission and augment Virginia’s leadership in cybersecurity.

The Commonwealth has a strong legacy in cybersecurity, and is well-positioned with the infrastructure to grow this sector. Virginia has the highest concentration of high-tech workers, according to Cyberstates 2013, and up to 70 percent of the world’s Internet traffic flows through Northern Virginia every day. Growth in the Commonwealth’s data center industry remains robust — investment topped $1 billion in 2012 — positioning Virginia as the place to be for companies moving towards cloud computing.

Virginia’s close proximity to the federal government’s cybersecurity operations also played a role in establishing its leadership position. The Commonwealth is home to the U.S. Department of Defense, U.S. Department of Homeland Security’s National Cybersecurity and Communication Integration Center, and DARPA.

Virginia’s premier institutions of higher education are poised to maintain the Commonwealth’s leadership in technology through a healthy pipeline of skilled technology workers. Twenty-two of Virginia’s 23 community colleges offer training programs in cybersecurity.

In addition, the NSA and U.S. Department of Homeland Security named five Virginia schools as National Centers of Academic Excellence in Information Assurance Education: George Mason University, Hampton University, James Madison University, Marymount University, and Norfolk State University. Virginia Tech was named a National Center of Academic Excellence in Information Assurance Research.

To highlight a couple of these programs, Virginia Tech offers the Hume Center for National Security and Technology, which researches intelligence applications of cyberattacks and defense. The university also provides students with real world experience through its IT Security Lab. In partnership with the Naval Postgraduate School and L-3 Communications, Virginia Tech hosts the Cybersecurity Innovations Laboratory at its Arlington campus.

In one of our recent blogs, we mentioned George Mason University’s expertise as the author of the VEDP Cybersecurity Export Market Report. GMU is home to the International Cyber Center and founded the Center for Secure Information Systems in 1990, which was the first academic center in security in the U.S. and one of the NSA’s original Centers of Academic Excellence in Information Assurance Education.

To learn more about Virginia’s leadership in cybersecurity and the overall technology industry, click here.

A view of the Virginia Tech Research Center — Arlington, which houses the Northern Virginia location of the Hume Center for National Security and Technology.

Richmond’s Legend Brewing Co. Celebrates 20 Years

Thursday, 27 February 2014 14:23 by Info@YesVirginia.org
With the craft brewery movement quickly gaining speed over the last two years, Legend Brewing Co.’s 20-year history makes it Virginia’s oldest craft brewery still in operation. It is also the largest independently-owned craft brewing company in the Commonwealth...
YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

UBED—Economic Gardening: William & Mary Incubates Growing Businesses

Thursday, 7 June 2012 10:01 by Info@YesVirginia.org
“William & Mary (W&M) is looking at how to grow what’s already in Virginia, as well as to help bring companies into the Commonwealth,” said Leonard Sledge, William & Mary’s Director of Economic Development...

As promised, VEDP is delving into UBED (University-Based Economic Development) in our institutions of higher learning across the Commonwealth.

“William & Mary (W&M) is looking at how to grow what’s already in Virginia, as well as to help bring companies into the Commonwealth,” said Leonard Sledge, William & Mary’s Director of Economic Development.

To that end, W&M’s Technology and Business Center has partnered with the county to run the James City County Business & Technology Incubator (JCC-BTI). The incubator provides support and advisory services to help accelerate the growth of younger companies. This support includes help setting goals and milestones, general business advice, organizational guidance, networking events, assistance locating financing and other service providers, and the use of a professional business facility.

The incubator also liaises with W&M’s Mason School of Business and Entrepreneurship Center. Business school professors are assigned to each incubator company to help determine strategy. Business school students are also engaged in problem-solving initiatives for incubator companies through project and classroom exercises.

Launched in January 2007, the JCC-BTI has worked with 10 companies, graduating three to date. One such graduate is MODU System, a Malaysian manufacturer of conveyor belt systems. The incubator helped the company enter the U.S. market, advising management on how to position the product and locate resellers in the U.S.

Another success story is Breathe Healthy, a manufacturer of antimicrobial face masks with superior comfor YesVirginia Business Blog | All posts tagged 'Williamsburg-James City County School'

Williamsburg-James City County School System Celebrates National Manufacturing Day

Wednesday, 23 October 2013 13:48 by Info@YesVirginia.org
The Williamsburg-James City County School system recently celebrated Manufacturing Day with tours of three local manufacturing operations...

The Williamsburg-James City County School system recently celebrated Manufacturing Day with tours of three local manufacturing operations.

Manufacturing Day is a national program that encourages companies across the U.S. to provide tours to local high school students and teachers. The goals are to illustrate the high-tech nature of the industry, encourage students to explore careers in manufacturing and STEM subjects, and build relationships between school systems and the manufacturing community.

A group of students, teachers, guidance counselors and school board members from WJCC were able to witness firsthand the advanced logistical operations of Wal-Mart Import Distribution Center and the high-tech food packaging operations of Ball Corp. and Printpack Inc.

“Our region is known for its strength in the hospitality industry. We wanted to let students know there are opportunities in other fields right here in their own community,” said Kate Sipes, one of the event organizers and business development and retention coordinator at James City County Office of Economic Development.

WJCC is also the first public school system in North America to sign up for the Association of Manufacturing Excellence “Adopt a School” initiative. This allows AME to partner with schools and local businesses to share best practices and help design curricula to improve career readiness.

“Manufacturing Day allowed students to see what modern manufacturing is — a sleek, technology-driven industry full of high-paid, fulfilling careers,” said Glenn Marshall, chair of AME’s Manufacturing as a Desirable Career Path program.

Just down the road, Newport News Shipbuilding also hosted a similar event to educate guidance counselors from the region on the advanced operations and rewarding careers available at the shipyard.

Virginia continues to be a leader in preparing students for advanced manufacturing careers with strong STEM education programs. To learn more, click here.

WJCC students, teachers and school administrators gather for a tour of Printpack Inc. as part of national Manufacturing Day.

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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 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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Mail America Expands in Bedford County, Virginia

Monday, 4 June 2012 13:31 by Info@YesVirginia.org

On Tuesday, advertising company Mail America announced plans to expand operations in Bedford County through a $5 million investment. The company will maintain its current facility while adding another 42,000 square feet through a nearby location.

This expansion will create 75 new jobs over the next three years as the company seeks to hire print and mail insertion operators, maintenance staff and administrative personnel to help meet growing customer demand.

Producing nearly 400 million U.S. mail pieces each year, Mail America has operated in Bedford County since 1989 and currently employs 325 Virginians. The company’s positive experience with the region’s skilled and motivated workforce was a major deciding factor for this project.

Virginia’s competitive operative costs and pro-business environment also influenced the company’s decision to expand in the Commonwealth. According to Virginia Delegate Kathy Byron, “Our region continues to demonstrate that it is an ideal place for businesses to grow and to locate. The attributes we have here—reasonable taxes and regulations, a skilled and talented workforce, and welcoming state and local governments that are ready to work as partners—are instrumental to the success of firms like Mail America.”

This is the second expansion Bedford County has seen this year. Forestry Equipment of Virginia announced plans to expand its truck assembly business earlier in March. Both companies received assistance from the Virginia Tobacco Indemnification and Community Revitalization Commission for their expansions.

To learn why companies continue to find success in the Commonwealth and why Virginia is ranked America’s Top State for Business, click here.

UBED — Virginia Tech Leverages Alumni Network to Develop Cyber Security Solutions

Thursday, 31 May 2012 10:51 by Info@YesVirginia.org
Virginia Tech has developed a number of University-Based Economic Development (UBED) programs as part of its long-term strategy to help connect faculty and students with companies and communities...

Virginia Tech has developed a number of University-Based Economic Development (UBED) programs as part of its long-term strategy to help connect faculty and students with companies and communities. 

According to John Provo, Office of Economic Development Director, “The global network starts as soon as you walk out the door. We facilitate the sharing of Virginia Tech’s intellectual capital with the private sector to develop problem-solving solutions.”

One such group is VT-IDEA (Virginia Tech Intelligence and Defense Executive Alumni). Founded in January 2009, VT-IDEA is made up of alumni working in senior government and industry positions in the national security sector. The group’s mission is two-fold:  it serves as both a resource for national security professionals to better connect, and it helps Virginia Tech get even more plugged in to the national security space.

Through its efforts to build a faster pipeline from the research in Blacksburg to the cyber security needs in D.C., VT-IDEA has recently helped introduce two new ideas to industry insiders. The first is a data safeguarding device that can wipe tablets and cell phones clean, removing confidential information once the individual has left a secured area. The second technology foils radio signal eaves-droppers. The technology senses the intrusion and reconfigures the network to make it secure.

VT-IDEA not only helps spot and commercialize winning solutions; it also puts early stage entrepreneurs in touch with financing and venture capital sources. The group will be doing just that at its upcoming meeting “VT-IDEA Presents Innovation and Entrepreneurship at VTECH” on June 21 at the VT Research Center - Arlington.

To learn more about how the VT-IDEA group and Virginia Tech’s Office of Economic Development are building partnerships with the business community, click on the highlighted links.

German Manufacturer McAirlaid’s Expands in Virginia

Wednesday, 30 May 2012 13:19 by Info@YesVirginia.org
German manufacturer McAirlaid’s recently celebrated the addition of a 75,000-square-foot expansion to its existing U.S. headquarters in Rocky Mount, VA. Adding to the company’s 70,000-square-foot facility at Franklin County Commerce Center, the expansion will increase the company’s global capacity by 30 percent while creating 40 new jobs in the region...

German manufacturer McAirlaid’s recently celebrated the addition of a 75,000-square-foot expansion to its existing U.S. headquarters in Rocky Mount, Va. Adding to the company’s 70,000-square-foot facility at Franklin County Commerce Center, the expansion will increase the company’s global capacity by 30 percent while creating 40 new jobs in the region.

The expansion provides McAirlaid’s with the additional space to serve its customers in the hygiene, medical, food packaging, filtration and home décor spaces through its non-woven absorbency materials. It also allows the company to reduce imports of raw materials and rely more heavily on U.S. vendors, primarily on the East Coast.

McAirlaid’s first announced it would establish its U.S. headquarters in Virginia through an $85 million investment in 2006. In the words of CEO Alexander Maksimow, “Franklin County’s commitment to education through the public school system and job training programs, coupled with an existing workforce of highly motivated people with a strong work ethic, were key factors in McAirlaid’s site selection.”

Since opening its U.S. headquarters in Franklin County in March 2008, the company has received a warm welcome while experiencing the benefits of Virginia’s skilled workforce, education system and premier East Coast location. This additional investment allows McAirlaid’s to build on its success to date, illustrating the company’s commitment to grow in Franklin County.

To learn why companies continue to locate in Virginia due to the Commonwealth’s skilled workforce and excellent education system, click here.

Company and local officials joined Mary Rae Carter, Deputy Secretary of Commerce and Trade for Rural Economic Development, at McAirlaid’s ribbon-cutting ceremony.

UBED — Old Dominion University Develops A Knowledge Community

Thursday, 24 May 2012 10:08 by Info@YesVirginia.org
Universities play an essential role in developing the human capital so important to economic development, leading to the current term UBED (University-Based Economic Development). Over the coming weeks, VEDP will feature a series of blogs focusing on what universities are doing across the Commonwealth to play a more active role in reaching out to the business community...

Universities play an essential role in developing the human capital so important to economic development, leading to the current term UBED (University-Based Economic Development). Over the coming weeks, VEDP will feature a series of blogs focusing on what universities are doing across the Commonwealth to play a more active role in reaching out to the business community.

According to Tom Osha, President and CEO of Old Dominion University’s (ODU) Innovation Research Park (IRP), ODU is transitioning to a more active role in economic development by developing a 24/7 live-work-play community. IRP is capitalizing on the move away from traditional research parks to an updated model — the “knowledge community.” 

This new community caters to the next generation of researchers who desire a higher level of engagement in the neighborhood where they work. No longer satisfied with commuting home to the suburbs, this generation is looking to live, work and play all in the same location. 

IRP provides just that through its location within ODU’s University Village. Impressive on its own, IRP currently has 350 employees working in two 100,000-square-foot buildings, with plenty of room for expansion. Add to that University Village’s 10 restaurants, retail stores, hotel, theater, art gallery and the Ted Constant arena, and one can see the attractiveness of such a hub.

The economic development impact occurs when companies are drawn to communities like this, bringing with them investment and new jobs to the area. One such company is ipConfigure, which chose to locate at IRP over a location in Texas due to ODU’s multidimensional offerings.

ODU’s Computational Intelligence and Machine Vision Lab was a significant consideration for the company, as their video surveillance technology utilizes just the sort of facial recognition algorithms developed at the lab. Easy access to a qualified employee base and close proximity to amenities also clinched the deal.

"ipConfigure hires ODU graduates and interns, utilizes the ODU Business Gateway, eats in the ODU Village, puts guests up at the hotel, buys tickets to ODU football and other sporting events, and attracts its customers to come to IRP to see the research happening at the Vision Lab and elsewhere around ODU," Osha stated.

The university also put ipConfigure in touch with the Virginia Port Authority, the first customer of the company’s new Wide Area Surveillance products.

ODU is a shining example of a Virginia university that is seeking to bring the benefits of its research outside the classroom by catering to the needs of businesses. To learn more about ODU’s interaction with the business community, click here.

Blacksburg, Va. Ranked Top 5 on Forbes.com Best Small Cities for Jobs List

Tuesday, 22 May 2012 13:12 by Info@YesVirginia.org
The Blacksburg-Christiansburg-Radford area was ranked Top 5 on the recently published Forbes.com Best Small Cities for Jobs list. Looking at 242 MSAs, Forbes.com calculated the ranking using employment numbers from the Bureau of Labor Statistics for the period November 2000 through January 2012...

The Blacksburg-Christiansburg-Radford area was ranked Top 5 on the recently published Forbes.com Best Small Cities for Jobs list. Looking at 242 MSAs, Forbes.com calculated the ranking using employment numbers from the Bureau of Labor Statistics for the period November 2000 through January 2012.

This ranking continues the positive recognition the region has received including a No. 4 rating on Site Selection magazine’s Governors Cup for metro areas with a population of less than 200,000. Blacksburg, Va. was also named the No. 1 Best Place in the U.S. to Raise Kids by Bloomberg Businessweek.

The Blacksburg-Christiansburg-Radford MSA continues to receive accolades for a number of reasons. Home to top-ranked Virginia Tech, the area’s workforce is highly educated, with two-thirds of residents above the age of 25 holding a bachelor’s degree or higher and 40 percent holding a graduate or professional degree.

The research capabilities of Virginia Tech combined with a highly-educated workforce have proven to be a winning combination, attracting companies and research parks to the area. The Virginia Tech Corporate Research Center, located adjacent to Virginia Tech’s main campus, is home to 140 high-tech companies which employ more than 2,200 Virginians.

The Blacksburg-Christiansburg-Radford MSA is able to retain its highly-skilled workforce due to the strong quality of life the region offers. The family-friendly community provides residents with numerous recreational activities due to its convenient access to the Appalachian Trail, Washington-Jefferson National Forest, Smith Mountain Lake and New River.

To learn more about the Commonwealth’s plentiful resources — including a world-class workforce, top-ranked education system and strong quality of life — that make Virginia America’s Top State for Business, click here.

Virginia State University’s Business School Wins Three Awards

Monday, 21 May 2012 09:44 by Info@YesVirginia.org
Congratulations to Virginia State University’s (VSU) Reginald F. Lewis School of Business for winning three awards over the last few months...

Congratulations to Virginia State University’s (VSU) Reginald F. Lewis School of Business for winning three awards over the last few months.

Last week, VSU’s business school was awarded the RichTech Technology Innovation Deployment Award for its creative use of technology to enhance a process. RichTech honors organizations that help advance Virginia’s technology-based economy.

This win was a nice follow-up to the “Best Business Program in the Country” award received earlier this month from The Center for Historically Black Colleges and Universities (HBCU). The Center for HBCU ranked VSU’s business school No. 1 for its commitment to innovation. 

Last September, VSU’s business school received the Governor’s Technology Award in the category of Innovation in Higher Education. The award was presented at the Commonwealth of Virginia Innovative Technology Symposium in recognition of the most creative initiatives in the public sector. 

All three awards recognized the business school’s “Digital at the Core” initiative. As the first school in the country to delivery its core curriculum primarily via digital format, the school launched its pilot program in the fall of 2010. Digital textbooks, MP3 audio chapters, MP3 study guides, quizzes and flashcards were all available via download for a cost-friendly licensing fee of $19.95.

Founded in 1882, VSU is an example of Virginia’s premier higher education system that partners with industries to prepare students with the technological training and skills they will utilize upon entering the workforce.

To learn more about Virginia’s highly skilled workforce as well as customized training and recruitment programs, click here.

Digital Realty Adds to Loudoun County’s Data Center Alley

Friday, 18 May 2012 09:06 by Info@YesVirginia.org
Congratulations to Loudoun County for winning another expansion from data center provider, Digital Realty. The company officially broke ground on its fourth building in what’s known as “Data Center Alley” in Loudoun County, Va...

Congratulations to Loudoun County for winning another expansion from data center provider, Digital Realty. The company officially broke ground on its fourth building in what’s known as “Data Center Alley” in Loudoun County, Va.

The two-story, 214,000-square-foot building will house 10 data centers and bring an $80 million investment along with 180 temporary positions and 12 full-time jobs to the area. With more than 50 percent of the world’s internet traffic flowing through Loudoun County each day, the region certainly has become a hub for leading data center operations. Add to that an energy rate 28 percent below the national average and 10 million square feet of data center capacity, and one can easily see why data centers are flocking to Virginia.

Data processing was actually the dominant sector across the Commonwealth in 2011, accounting for more than $960 million in capital investment and almost half of the nonmanufacturing investment. Virginia is poised to continue its growth in the sector as it has both the highest concentration of high-tech workers in the nation and the advanced telecom infrastructure across the Commonwealth to support the industry.

Virginia data centers claimed three of the top 10 spots in Southern Business & Development’s 2011 Ten Best Data Center Sites in the South list. In addition, Bristol, Va., was touted in the study Broadband at the Speed of Light as one of the first municipalities in the nation to build a citywide Fiber-To-The-Home network.

To learn why leading companies have invested more than $4.4 billion in Virginia data centers over the last ten years, click here.

State, local and company officials celebrated the opening of Digital Realty’s newest building at the groundbreaking ceremony in Loudoun County.

ICF International Opens Business Process Management Center in Henry County, Va.

Monday, 14 May 2012 16:58 by Info@YesVirginia.org