st/Forbescom-Ranks-Virginia-2-Best-State-for-Business-for-Second-Year-Running.aspx" addthis:description="Once again Virginia has received a podium ranking from Forbes.com as the #2 Best State for Business in 2011. Virginia claimed the number two spot for the second year running after placing number one from 2006 – 2009.">
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Virginia’s Renewable Energy Industry Expands

Thursday, 1 December 2011 17:24 by Info@YesVirginia.org
Yesterday, leading biomass fuel manufacturer Enviva LP announced plans to build a 454,000 metric ton wood pellet manufacturing facility in Southampton County, Va. This $75 million investment will create 64 new full-time jobs as well as additional jobs through the company’s logging supply chain.

Yesterday, leading biomass fuel manufacturer Enviva LP announced plans to build a 454,000 metric ton wood pellet manufacturing facility in Southampton County, Va. This $75 million investment will create 64 new full-time jobs as well as additional jobs through the company’s logging supply chain.

Virginia is on the fast track to lay claim to the title “Energy Capital of the East Coast,” and this is certainly another step towards that end. With an “all-of-the-above” solution to the energy crisis, the Commonwealth possesses resources across multiple sectors ranging from conventional fuel mining to natural gas and nuclear energy, all the way to renewable energy sources such as wind and biomass.

Enviva’s mission is closely aligned with the Commonwealth, as it seeks to balance energy needs with environmental concerns through a strong commitment to sustainable business practices. Recognizing that transportation is a component of a company’s total environmental impact, Enviva strategically locates its facilities within 75 miles of biomass sources. The company also selects locations in close proximity to waterways and ports for easy shipment to international customers, particularly in Europe. 

Fortunately, Southeastern Virginia is uniquely positioned to meet the company’s needs on both counts. Best summed up by 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." Enviva invested in a terminal at the Port of Chesapeake earlier this year due to its deep water capacity and ability to accommodate a large variety of vessels.

To learn more about Virginia’s energy assets and why 385 energy companies have set up operations in the Commonwealth click here.

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Alpha Natural Resources Opens Headquarters in Bristol Virginia

Tuesday, 29 November 2011 14:12 by Info@YesVirginia.org
Yesterday, leading coal supplier Alpha Natural Resources celebrated the opening of its new corporate headquarters building in Bristol, Va. Governor McDonnell was joined by state and local officials to congratulate the company at its unique ribbon-cutting ceremony where a team of coal miners cut a ribbon of miner’s belts to commemorate the new building.

Yesterday, leading coal supplier Alpha Natural Resources celebrated the opening of its new corporate headquarters building in Bristol, Va. Governor McDonnell was joined by state and local officials to congratulate the company at its unique ribbon-cutting ceremony where a team of coal miners cut a ribbon of miner’s belts to commemorate the new building. Located on 30 acres at the Sugar Hollow Business Complex, the 130,000-square-foot building was designed to meet the green building Leadership in Energy and Environmental Design (LEED) standards.

Alpha Natural Resources announced its selection of Virginia as the site for its new headquarters building just over two years ago. The investment of more than $20 million combined with the creation of 69 new jobs and preservation of 131 jobs is a significant boon for the City of Bristol and Southwest Virginia.

Virginia can count yet another headquarters win to its all-star roster, successfully competing against Maryland and Tennessee for the business. Alpha Natural Resources is certainly an impressive company to add to this list. Commencing operations in 2002, the company has quickly grown to become the world’s third largest metallurgical coal supplier and the top metallurgical coal supplier in the U.S.

Location was a key deciding factor in Virginia’s favor. According to CEO Kevin Crutchfield, “The property is in a very attractive park-like setting and has easy Interstate access. A distinct advantage of the new location is its proximity to many of the company’s operations and its convenience for Alpha’s current corporate office work force.”  With a long history of coal mining in Southwest Virginia, the company has an experienced work force to draw upon for future growth.

To learn more about Virginia’s booming energy industry and why other energy companies have said yes to Virginia click here.

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Made in America - Virginia's Plastics Industry Expands Again

Tuesday, 22 November 2011 16:02 by Info@YesVirginia.org
Made in America - Virginia's Plastics Industry Expands Again

Commonwealth Laminating & Coating, Inc. just announced plans to invest $16.5 million to expand its highly advanced manufacturing facility in Martinsville, Va. Secretary Cheng was on hand today to present President & CEO Steve Phillips with a Virginia Flag to celebrate the company’s growth as well as the 40 additional jobs this project will create.

As Southside Virginia continues its economic rebound, it is particularly good news for the region when valued employers, such as Commonwealth Laminating & Coating, choose to remain and grow in the area. Even more impressive, Virginia successfully competed against China for this project. Though the company has operations in eight locations across five countries, the Martinsville location serves as the company’s sole manufacturing facility, not to mention its corporate headquarters. With the ever present concern about manufacturing jobs migrating overseas, this expansion speaks volumes about how competitive Virginia’s business environment really is at the global level.
 
This expansion will allow the company to grow its solar control window film and high-performance coatings business serving the automotive, architectural, safety and security, and industrial markets. It also marks another win for Virginia as the Commonwealth stakes its claim as a leading polymer and film manufacturing location.

Virginia is home to more than 200 plastics companies that employ more than 20,000 residents. Since 2002, plastics and advanced materials companies have invested more than one billion and created more than 5,600 new jobs in Virginia. Recently, a number of new investments have been announced including Dupont, O’Sullivan Films and Green Mountain Coffee packaging supplier Phoenix Packaging. To learn why these plastics and advanced materials companies chose to locate their manufacturing facilities in Virginia click here.

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Dulles International Airport Delivers More than Passengers

Friday, 18 November 2011 17:17 by Info@YesVirginia.org

What many commuters traveling through Dulles Airport may not know is that this airport handles a significant amount of commercial freight and is primed to handle additional air cargo capacity. From refrigerated food to flowers to pharmaceuticals and heavy equipment, Dulles Airport offers a number of competitive advantages for advanced manufacturers, freight forwarders and third-party logistics providers.

Officials from the Metropolitan Washington Airports Authority (MWAA), Loudoun County, and Virginia Economic Development Partnership (VEDP) recently hosted a group of site selection consultants to expound upon these strategic advantages – location, low operating costs and existing infrastructure.

Located at the center of the East Coast air cargo market, the Dulles Catchment Area covers 25 states and part of Canada with overnight service. Dulles has a dedicated access road providing a fast connection to I-95, and its close proximity to I-81 and I-70 provide an extensive ground transportation network to Eastern, Midwestern and Canadian markets. Due to the nature of goods being transported, timing is critical and gains in efficiencies not only deliver a better product to the end user, but save the shipper from incurring spoilage costs.

Of equal importance to its import capabilities, Dulles is also able to attract a strong market for export, which is crucial to establish cargo for the backhaul. “If exports and imports match up, it’s a huge enhancement and adds to the price-point value. Air freight carriers and manufacturers ideally want the planes to be fully loaded both coming and going,” said Warren Hammer, VEDP Business Development Manager – Logistics.

Dulles Airport can also be highly competitive from a cost standpoint. It is an industry standard to charge landing fees; however, Dulles bases its fees on the Maximum Landing Weight while many of its competitors base their fees on the Maximum Take-Off Weight. As an airplane weighs considerably less at landing, due to fuel consumption, these cost savings can add up over time. Dulles also competes favorably on other costs such as lower cargo handling and fuel fees, as well as fewer weather-related delays compared to its Northern counterparts, leading to an overall lower operational cost structure for carriers and manufacturers.

In 2010 Dulles handled almost 323,000 metric tons of freight, with more than 195,000 metric tons traveling internationally. Its 442 weekly international departures to 48 destinations around the world illustrate how Dulles has already developed a substantial infrastructure. “There’s already a critical mass for the global air cargo market, but what’s most exciting is there’s capacity to grow,” said Brent Sheffler, VEDP Managing Director - Advanced Manufacturing. Added Sheffler, “Dulles has 515,000 square feet of cargo warehouse space, nearly one million square feet of cargo ramp and hundreds of acres surrounding the airport to support highly-secured air cargo and climate-controlled distribution facilities.”  

The air cargo capabilities of Dulles International Airport add to the compelling story of why Virginia is CNBC’s Top State for Business. To learn why Virginia’s is a leading gateway to the world click here.

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Blacksburg Virginia Named Bloomberg Businessweek’s #1 Best Place in the U.S. to Raise Kids

Thursday, 17 November 2011 15:44 by Info@YesVirginia.org
Blacksburg Virginia Named Bloomberg Businessweek's #1 Best Place in the U.S. to Raise Kids

Best known as the college town surrounding Virginia Tech, Blacksburg is making a name for itself as a family-friendly community after receiving top scores on a number of factors parents consider when deciding where to live. “Excellent schools, combined with an affordable cost of living, relatively low crime, and plentiful amenities lifted Blacksburg to first place in Businessweek.com’s sixth nationwide ranking of best places in each state in the U.S. to raise kids,” according to Bloomberg Businessweek.

Blacksburg offers residents a high quality of life with a multitude of recreational activities. Located between the Blue Ridge and Alleghany Mountains, the town provides easy access to the Appalachian Trail and the George Washington and Jefferson National Forests. In addition to an aquatic and community center, Blacksburg maintains more than 400 acres of parkland which houses public playgrounds, sports fields and miles of walking and biking trails.

It is no surprise that the top city to raise children has an excellent educational system, with schools that score well above average on standardized tests. The community is home to seven public schools – from elementary through high school – as well as several private schools, day-care facilities and preschools. As for higher education, Virginia Tech was ranked 28th in U.S. News & World Report’s Top Public National Universities list and its College of Engineering was ranked 15th in the nation. With more than 100 centers and institutes performing research, Virginia Tech graduates enter the workforce armed with real world, problem-solving experience. 

The Blacksburg 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. This type of educated workforce combined with the research capabilities of Virginia Tech is a huge draw for companies. The Virginia Tech Corporate Research Center is home to more than 140 high-tech companies and research centers and Blacksburg Industrial Park is one of several industrial and research business parks housing numerous high-tech and manufacturing companies. In fact, Blacksburg had three companies make Inc. Magazine’s 2011 500|5000 list of the fasting growing U.S. companies.

To learn more about why Blacksburg, Va. is the best place in the U.S. to raise a family click here.

 

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Virginia On Target at CoreNet Global Summit

Tuesday, 15 November 2011 10:34 by Info@YesVirginia.org
Virginia's web-based site selection tools on target with CoreNet Global Summit show theme - Social Dynamics: Connectivity, Creativity, Relationships.

Virginia Economic Development Partnership (VEDP) exhibited at the CoreNet Global Summit in Atlanta, Ga., last week to promote Virginia’s pro-business climate and extensive assets with business leaders and site selection consultants in the hopes of drawing additional investment and jobs to the Commonwealth. CoreNet Global is a leading member association for corporate real estate executives and this year’s event drew more than 1,500 attendees.

The international presence at this year’s show continued to increase, reflecting the macro trends of globalization and the subsequent expansion of the corporate real estate industry. Also of note was an increase in real estate firms, providing a full-service approach that end-users typically had to farm out to multiple service providers. 

The theme of this year’s event was “Social Dynamics: Connectivity, Creativity, Relationships,” exploring how people are connecting in different ways with new tools and how this impacts the corporate real estate industry. Fortunately, Virginia is right on target keeping pace with technology and the demands of the industry. The Commonwealth has one of the country’s most advanced site selection tools called VirginiaScan. VirginiaScan is a web-based tool that allows companies and consultants to search a database of more than 2,100 qualified sites and buildings across the Commonwealth based on a number of criteria such as property type, square footage, logistics requirements, labor statistics and existing business data. Virginia also has another web-based tool called Compare Virginia, which allows consultants to perform a side-by-side comparison of how Virginia compares with other states in a variety of areas, including education, employment, income and wages, labor relations, population, public debt and taxes. 

Tools like those mentioned above cater to the on-the-go demands of executives and site selection consultants by allowing them to access web-based tools and get a head-start on research, while maintaining confidentiality in the early stages of a property search. To learn why CNBC has selected Virginia as the Top State for Business and how VEDP can help with your site selection search click here

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New ITT Exelis Headquarters Open for Business

Wednesday, 9 November 2011 16:15 by Info@YesVirginia.org

Yesterday, ITT Exelis celebrated the official opening of its new headquarters in Fairfax County, just a few short months after Governor McDonnell’s announcement of the company’s plans to invest up to $5 million and create 100 new jobs. This has been a busy few weeks for ITT Exelis, completing its spin-off from ITT Corporation on October 31, and ringing the bell at the New York Stock Exchange as an independent company on November 4. 

Secretary Cheng and Congressman Jim Moran were on hand to offer their congratulations to the company as ITT Exelis unveiled its logo on the newly christened headquarters building. Located on Tysons Boulevard, the new corporate headquarters is housed in the center of the bustling business community of Tysons Corner in McLean, Va., just a few miles away from the Pentagon and other key government and military customers. With expansion of the D.C. Metro’s Silver Line expected to come right through the area in a couple of years, contact with D.C. defense players will only improve.

Proximity to key customers isn’t the only reason Virginia won this deal. ITT is already well acquainted with Virginia’s pro-business climate, as it is has a strong presence across the state with operations in McLean, Herndon and Roanoke. The decision to further its presence in the Commonwealth, particularly with ITT Exelis’ headquarters location, illustrates an understanding of Virginia’s strong assets that include a highly skilled workforce and a favorable regulatory and tax environment.

Coming right on the heels of Northrop Grumman’s new headquarters opening, Virginia is establishing itself as the global hub for the defense industry. Already home to ATK, BAE Systems Inc., CACI International, Computer Sciences Corp., General Dynamics, SAIC and SRA International, the Commonwealth is in a strong position to attract additional defense players. To learn why top defense and aerospace companies said yes to Virginia click here.

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Top U.S. Construction Company Brings 625 Jobs to the Top State for Business

Monday, 7 November 2011 17:06 by Info@YesVirginia.org

Virginia wins big again – Bechtel Corporation, rated the top U.S. construction contractor by Engineering News-Record, just announced its plans to invest $18 million and bring 625 jobs to Fairfax County in Northern Virginia. The company will relocate its Global Operations headquarters from Maryland and establish its Government Services group headquarters at the Reston Town Center in Reston, Va.

Bechtel selected Virginia because it has the right combination of resources to help the company succeed in a global environment. The growth sectors of the Commonwealth closely align with Bechtel’s market focus, and the location in Fairfax County puts the company in close proximity to key customers in the government, IT, energy and transportation sectors. With the company’s corporate headquarters in San Francisco, Virginia’s central East Coast location gives Bechtel a coast-to-coast presence as well as global access through nearby Dulles International Airport.

Virginia’s ability to match the company’s workforce needs, particularly in the IT and engineering sectors, helped seal the deal. Virginia has the highest concentration of high-tech workers in the nation according to Cyberstates 2010 – 277,575 to be exact. The Commonwealth also has a strong pipeline of educated technology professionals entering the workforce with more than 18,500 students enrolled in IT programs and 3,400 degrees and certificates awarded in the 2009-2010 academic year. To learn more about Virginia’s technology assets click here.

Bechtel is part of a steady stream of companies who have recognized Virginia’s pro-business climate and selected the Commonwealth for their headquarters operations.  SAIC, CSC, Volkswagen of America, Northrop Grumman, ITT Exelis and Hilton Worldwide are just a few companies that have established headquarters in the Commonwealth. To learn why many of the world’s largest companies call Virginia home click here.

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Virginia Brews Up 800 New Jobs in Isle of Wight

Tuesday, 1 November 2011 15:59 by Info@YesVirginia.org

Isle of Wight County received some big news when leading coffeemaker Green Mountain Coffee Roasters, Inc. (GMCR) announced it will invest $180 million and create 800 jobs over the next five years. The company plans to purchase a 330,000-square-foot building at Shirley T. Holland Intermodal Park that will serve as a production and distribution facility, handling the roasting, grinding, flavoring and packaging of its Keurig® single-serve product line. 

Governor McDonnell aptly described this project as “transformational for Isle of Wight County.” The county, part of the Hampton Roads region, was especially hard hit by job losses during the recent economic downturn. The 800 jobs that this project will bring are particularly meaningful to this community.

Virginia was able to attract this world class consumer products company because it was able to provide a location that aligned the company’s production facility with its supply chain, workforce and logistical needs. The Commonwealth’s central location on the Atlantic Coast allows for easy transport to the Northeast, Southeast and Midwest markets. 

GMCR referenced the appeal of Virginia’s workforce as one of the key factors in selecting this site. Virginia is home to 525 Food Processing companies that employ more than 33,000 people. A steady stream of skilled employees is provided through Virginia Tech’s Department of Food Science and Technology, the Virginia Packaging Application Center at Dabney S. Lancaster Community College, and the Center for High Performance Manufacturing, also at Virginia Tech.

The Food and Beverage cluster is growing in the Commonwealth as Food Processing companies have invested more than $2 billion since 2000, creating more than 6,900 new jobs. Hershey, Kraft Foods, Perdue, Smithfield and Tyson have all elected to locate operations in Virginia. In fact, Phoenix Packaging Operations, LLC, a company that invested $37.5 million over the last eighteen months to establish and then expand its first U.S. operations in Virginia, counts GMCR as one of its packaging customers. 

As Virginia’s Food and Beverage industry continues to grow, its education system has kept pace by expanding its offerings and including specialized training programs to support this growth. The synergies of this public-private partnership are evident, drawing additional companies to the area and furthering the positive trend. To learn more about Virginia’s thriving Food and Beverage industry click here.

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U.S. News and World Report Recognizes Virginia’s Education System

Friday, 28 October 2011 09:59 by Info@YesVirginia.org

With the Governor’s Second Annual Forum on Education and Workforce Training occurring next week, Virginians are primed to discuss our world-class workforce and ensure it remains at the top. Recently, several Virginia colleges and universities received national recognition for being among the best higher education institutions in the nation. In the prestigious U.S. News and World Report Top Public National Universities List, The University of Virginia ranked second and The College of William and Mary ranked sixth. The University of Virginia’s undergraduate business program was recognized with a fifth place ranking and its renowned law school placed ninth this year. The College of William and Mary had the eighth ranked undergraduate teaching program in the country.

Washington and Lee University ranked twelfth among the nation’s best liberal arts colleges. Virginia Commonwealth University had the number one Nursing-Anesthesia program and the number four Fine Arts Program. Virginia Tech University’s College of Engineering was rated fifteenth in the country. The University of Richmond was ranked twenty-seventh in the national liberal arts college category. It was also listed as the third up-and-coming liberal arts school and ninth for best value in the liberal arts school category. Virginia Military Institute was ranked fourth in the public liberal arts college category. George Mason University also received a nod as the number two up-and-coming school in country.

At the regional level Virginia educational institutions also showed strongly. In the category of Top Public Regional Universities in the South, James Madison University was ranked number two, the University of Mary Washington was ranked number six and Christopher Newport University was ranked number nine.   

Success at the collegiate level is grounded in a strong system of elementary and secondary education. U.S. News and World Report also released its Best Public High School List and one of Virginia’s high schools received the number one spot in the Gold Medal category. Thomas Jefferson High School for Science and Technology in Alexandria, Va., was selected from more than 21,000 public high schools across the nation as the number one public high school based on proficiency standards and the degree to which it prepared students for college-level work.

In the 2010-11 academic year, 133,603 degrees from associate through doctorate were awarded at Virginia's colleges and universities. With more than 500,000 students currently enrolled in more than 100 in-state institutions of higher education, and 18,000 military personnel exiting the armed services annually, Virginia is producing a diverse pipeline of skilled workers able to meet the needs of businesses looking to expand into the Commonwealth.

Click here to learn more about Virginia’s excellent education system and workforce training programs serving a variety of industry sectors.

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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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Did you know this is Manufacturing Appreciation Week?

Friday, 21 October 2011 09:17 by Info@YesVirginia.org

Governor McDonnell declared October 17-21 as Manufacturing Appreciation Week for Virginia. This should come as no surprise to the many Virginians employed by the manufacturing industry — more than 200,000 of us. In the last few weeks alone, manufacturing companies across a variety of industries have signaled their confidence in Virginia’s workforce by locating or expanding their operations in the Commonwealth.

Federal-Mogul Corp., a global automotive supplier, plans to invest $10 million to expand its automotive engine bearing manufacturing facility in Blacksburg Industrial Park, bringing 50 new jobs to Montgomery County. Albany Industries, a manufacturer of upholstered household furniture, announced it will invest $2.5 million to establish production capabilities in Galax, Va. This investment represents Albany Industry’s first operation in Virginia and will bring 335 new jobs to Southwest Virginia. 

On the international front, Axxor Group, a Netherlands-based producer of honeycomb, announced it will establish its first U.S. operation in Pittsylvania County in Southern Virginia. In 2006, Swedwood North America, a furniture manufacturer and subsidiary of IKEA, selected Virginia as the location for its first U.S. manufacturing facility. As Axxor Group is a major supplier of honeycomb to Swedwood’s furniture manufacturing operations, this investment is a natural outgrowth of that initial partnership.  

Also arriving from across the pond is NBG Holding’s announcement to establish its first U.S. subsidiary, Fiber Cable Technology, in Botetourt county. The Austrian company will invest $5 million and create 25 new jobs to manufacture specialty optical fiber and optical cables for the defense and energy markets. 

Whether manufacturing furniture or fiber optic cable, companies froms a familiar, helping hand full of critical and timely information about opportunities in specific industries in 44 target markets. The services are free to Virginia companies up to $3,000 per fiscal year. For more information about VEDP’s Global Network, visit http://www.exportvirginia.org/.

Celebration Leads to Jobs in Martinsville

星期五, 14 八月 2009 15:43 by Info@YesVirginia.org

The Martinsville-Henry County community has reason to celebrate. Monogram Food Solutions, LLC, a meat manufacturer out of Memphis, announced it will purchase the meat snack business of American Foods Group, LLC (also known as Knauss Foods), including the Martinsville production facility. The company plans to invest $3 million to expand production capacity at the Patriot Centre Industrial Park facility. The company has committed to investing every dollar it can in the local economy. More importantly, Monogram Food Solutions has agreed to keep all of the current employees and add 120 new jobs. www.YesVirginia.org

This announcement is like a breath of fresh air for a region that has been wrestling with a double-digit unemployment rate that’s more than twice the national average. Monogram Food Solutions’ average annual salary of about $28,000 is right in line with the region’s prevailing average wage, and 120 new jobs will provide a welcome opportunity for some of the 800+ folks who have been laid off since January 2008. About 50 people have already been hired. Another 70 should be employed by the end of the year.

The job requirements? “Energetic, passionate people who are not afraid of hard work,” was what the company was looking for, according to Ches Jackson, President of Monogram Meat Snacks. They shouldn’t be too hard to find in Martinsville.

 

Virginia Helps Companies Make Headlines

星期一, 10 八月 2009 09:51 by Info@YesVirginia.org

LiteSteel Technologies America, Canon, Optical Cable Corporation, Northrop Grumman Shipbuilding and GE Energy were recently showcased in IndustryWeek as the definition of advanced manufacturing.

LiteSteel was touted for its globality and Canon for its sustainability. Northrop Grumman Shipbuilding was highlighted for its successful supply chain network and Optical Cable Corporation for customization. GE Energy received high marks for leading-edge technology.

Virginia is only the third state in the nation to implement the Microsoft IT Academy Program. With an aggressive goal of full participation by the end of this school year, the program will support both students and teachers by making software and coursework available including everything from computer basics to programming to the opportunity to earn recognized Microsoft certifications.

Virginia is certainly no stranger to technology with the highest concentration of high-tech companies in the country according to the U.S. Chamber of Commerce. Microsoft has demonstrated its understanding of Virginia’s pro-technology climate through the 2010 announcement of its investment of up to $499 million to locate its latest generation data center in Southern Virginia’s Mecklenburg County. This was followed by a recent announcement that the company would invest $150 million to expand this advanced data center and add 21 MW of electric power capacity.

The groundwork to attract Microsoft’s data center and support its educational offering for all Virginians was quite literally laid several years ago by the Mid-Atlantic Broadband Cooperative. In an effort to support underserved rural areas in Southern Virginia, MBC established an 800 mile open-access, fiber-optic broadband network. While this advanced network has attracted a flurry of Gigaparks and technology companies to the former tobacco region, the network will also provide high-speed internet access to more than 100 schools in Southern Virginia through a federal broadband stimulus program.

Beginning this school year, students in two Southern Virginia counties have been equipped with high speed broadband for the first time. Jumping from 45 Mbps to 100 Mbps is a significant leap that allows students and teachers to take full advantage of the internet, specifically improving video streaming and online collaboration. Establishing high speed connectivity in rural areas like Southern Virginia sets the stage for Microsoft’s IT Academy to be successful.  This will be truly be a statewide  program, allowing students everywhere to take full advantage of Microsoft’s online resources  in order to build the technical skills necessary to fuel Virginia’s booming IT industry.

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Montgomery County Makes Inc. Magazine’s 500|5000 List for 2011

Tuesday, 27 September 2011 15:09 by Info@YesVirginia.org

With close to 300 Virginia companies on Inc. Magazine’s 2011 Inc. 500|5000 list of the fasting growing companies, the Commonwealth is very well represented. What is perhaps more impressive is the breadth of that representation, spanning multiple regions and industries. With our close proximity to the nation’s capitol, it is no surprise that more than 100 of these Virginia businesses were in the government services sector. However, the list of our top growing companies showed a healthy diversification across the IT, healthcare, business services, energy and education sectors as well. Virginia’s companies are growing in growth industries, which is great news for the Commonwealth.

Montgomery County is a microcosm illustrating this manifold growth. With three companies on the list in three different sectors, Montgomery County entrepreneurs exhibit the creativity and innovation Virginia is known for. Modea, a digital advertising agency, is a homegrown start-up with an impressive client list allowing for a new headquarters building and the addition of 200 employees over the next five years. UXB International is an environmental technology company specializing in demilitarization and weapons removal that has moved to Montgomery County to take advantage of the Virginia Tech Research Center. Harmonia Holding Group is another local startup catering to the software and systems engineering needs of the military and federal agencies from its headquarters, also located at the Virginia Tech Research Center. 

Learn more at the Montgomery County Economic Development News Center.

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A Success for Dex

Tuesday, 20 September 2011 11:43 by Info@YesVirginia.org

Who doesn’t love to hear a success story – especially one from right here in Virginia? Dex, a division of Arrow Truck Sales, dismantles used Mack and Volvo trucks to harvest components for reuse on other trucks. With more than 2.7 million heavy-duty trucks in operation in the U.S., there is a growing market for quality used parts.

Five years after signing a lease for a building space in Floyd Regional Commerce Center in Floyd, Virginia, Dex has reached its reuse and recycling goal. The challenge required Dex to reuse or recycle every component part of the heavy-duty trucks they acquire. While most parts were marketable for resale, Dex had to find new markets for items like glass, plastics, rubber or damaged pieces.

This extensive sorting and processing required extra time and resources, but given their core value of environmental care Dex remained committed to reaching their goal.

Dex’s facility in Floyd has 29 full-time employees. The company has outgrown the 50,000-square-foot space and is leasing other temporary space. With this growth they are also looking toward the future and are currently working on the design aspects of products to ensure Mack and Volvo trucks produce zero landfill waste.

David Ingram, Chairman of Floyd County’s Board of Supervisors, said, “We are very glad that Dex chose Floyd County five years ago. Every job they’ve added is important.”

Congrats Dex!

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Praise for Hanover County

Thursday, 15 September 2011 15:33 by Info@YesVirginia.org

Last month, Hanover County received heaping praise in a Richmond Times-Dispatch article that detailed how Hanover has continued to be a great place to live and work despite a tough economic environment.

Known for its passionate citizen involvement and strong partnerships between businesses and government, Hanover prides itself on responsible planning and good, old-fashioned hard work. While there are many individuals that contributed in one way or another, the true spirit of Hanover’s success continues to be a community effort.

Check out the full article here.

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Center for Advanced Engineering and Research Opens in Bedford County

Friday, 9 September 2011 10:12 by Info@YesVirginia.org

Last month, Bedford County and the Virginia Region 2000 Partnership announced the opening of the Center for Advanced Engineering and Research (CAER).  Held August 25th, the ribbon-cutting ceremony celebrated the fruition of a project that involved extensive regional collaboration over the course of several years.

With an overflowing parking lot, more than 100 public officials and business leaders attended the ceremony and got a first look at the new 30,000-square-foot facility. Businesses such as Babcock & Wilcox, Areva and Innovative Wireless Technologies, as well as the University of Virginia, have all secured space. The Region 2000 Partnership will continue to work toward securing more companies and organizations for the Center, which will be used 70% for research, 20% for community and outreach and 10% for administrative support. 

Speaking on behalf of Governor Bob McDonnell, Virginia’s Secretary of Technology Jim Duffy praised the partnerships that were fostered to open the center, and spoke of the “brightest minds” that will use the Center for research.

The goal of CAER is to be an industry-focused regional research and development center that drives the development of innovative products and processes by providing local access to university and federal research and inventions. It will target growth industries specific to the region, and will put university innovations into action through practical implementation in industry. CAER aims to increase the competitiveness for core, high-wage industries and improve the long-term prospects of existing industrial employers by creating a knowledge-based research hub for the region. 

Bill Guzek of the CAER Board of Directors said, “The center is meant to be an economic engine for the region. This is just the beginning.”

More information regarding CAER can be found on their website.

 

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Have You Heard?

Tuesday, 16 August 2011 15:02 by Info@YesVirginia.org

Just over a month after being named America’s Top State for Business by CNBC, Virginia has received another No. 1 ranking. The Commonwealth has been named the most pro-business state in the country by the 2011 Pollina Corporate Real Estate study: “Pollina Corporate Top 10 Pro-Business States for 2011: The Rise of the West.” Not only is it the third consecutive year that Virginia has taken home top honors, the Commonwealth won the 2011 top-ranking by the largest victory margin in the history of the study.

In its eighth year, the study is considered the “Gold Standard” in evaluating states by using a comprehensive ranking system based on factors ranging from taxes, right-to-work legislation, infrastructure spending and economic incentive programs. 

This year, Virginia lead over the number two spot by 44 points and was dubbed, “the brightest star on the American Flag,” in terms of its pro-business climate. But it’s not just our top spot status that garners such a prestigious title – the Commonwealth has held the top spot five times since the study began, with second place finishes in 2005 and 2006 and third place in 2008. Our consistent presence among the top pro-business states is proof that the Commonwealth has been and will continue to be open for business.

Virginia’s pro-business reputation was also reaffirmed this year by our second place finish in the Labor, Taxes and Other Factors category and our first place finish in the Incentives and Economic Development Agency Factors, which sites the Virginia Economic Development Partnership (VEDP) as one of the “finest economic development organizations in the nation.” The Commonwealth also performed strongly in the Education and Infrastructure categories and continues to shine on its Report Card.

All of us at VEDP couldn’t be prouder to represent our state and are committed to keeping Virginia the best state for business.

Click here for more information on the rankings and to see the full report.

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SRI’s Center for Advanced Drug Research Continues to Grow

Friday, 12 August 2011 09:01 by Info@YesVirginia.org
Virginia offers a great advantage for Information Technology and the growing cluster of data centers already located throughout the Commonwealth.

Information technology companies that may have glanced at Virginia in the past may want to take a harder look. Virginia now offers a great advantage for IT and the growing cluster of data centers already located throughout the Commonwealth. The Virginia General Assembly recently unanimously passed a bill that enables companies to receive an exemption from the Virginia Retail Sales and Use Tax for computer equipment purchased or leased for use in a data center.

There are a few stipulations, of course. The equipment must be purchased or leased between July 1, 2010 and June 30, 2020. The data center must be located in a Virginia locality and generate at least $150 million in capital investment after July 1, 2009. Last but not least, at least 50 new jobs must be created that pay one and one half times the prevailing average wage in the locality.

This legislation has already proven to be a valuable tool in recruiting and retaining existing data centers. VEDP issued a press release announcing Virginia’s new advantage to industry pubs that generated immediate inquiries.

Moments after the release was sent, Data Center Knowledge headlined the news on its Web site: http://www.datacenterknowledge.com/archives/2009/05/13/virginia-passes-data-center-tax-incentives/. And the phone lines in VEDP’s Business Development Division received multiple calls from companies that read the release. IT and data centers are definitely a strong growth sector of Virginia’s economy. We look forward to continuing to look for ways that assist with financial efficiencies and operational savings for these businesses. 

For more information about how VEDP can assist your company, visit us at YesVirginia.org or call (804) 545-5600.

VEDP is Entering the Blogosphere

星期二, 19 五月 2009 15:40 by Info@YesVirginia.org

We’re not sure we belong here, but we’re giving it a shot. We’d like to think VEDP is among cutting-edge state economic development organizations. After all, Virginia has been ranked the “Best State for Business” for three years in a row by Forbes.com. That didn’t just happen.

In times of economic crisis, Virginia needs to be creative with how it delivers its message. We’re often credited for our creativity when it comes to helping companies find solutions to meet their needs. Now it’s time to help ourselves.

Like others, our marketing budget has been slashed and our economic development activity has slowed. But in comparison to other states across the nation, Virginia is holding its own. In fact, the number of announcements, the sector and geographic diversity, and the encouraging ratio of new to expanding economic development projects suggest that Virginia remains a sought-after destination for new business investment.

We intend to keep it that way. If one (free) method of marketing Virginia means venturing out into the unknown world of cyberspace—we’re willing to give it a shot. It remains to be seen if it will help; it certainly can’t hurt.

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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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    Forbes.com Ranks Virginia #2 Best State for Business for Second Year Running

    Monday, 5 December 2011 11:01 by Info@YesVirginia.org
    Once again Virginia has received a podium ranking from Forbes.com as the #2 Best State for Business in 2011. Virginia claimed the number two spot for the second year running after placing number one from 2006 – 2009.

    Once again Virginia has received a podium ranking from Forbes.com as the #2 Best State for Business in 2011. Virginia claimed the number two spot for the second year running after placing number one from 2006 – 2009. Forbes.com uses six categories to determine the results and Virginia scored in the top five in three of the categories, including labor supply, regulatory environment and quality of life.

    According to Forbes.com, “Virginia ranks No. 2 for the second straight year after a four year run ranked first. Virginia has a strong, educated labor force and a pro-business regulatory climate. The only thing keeping it from the top spot is its outlook.”  While the article listed possible changes in federal and military spending as the reason Virginia didn’t receive the top accolade, Virginia’s strong growth story is illustrated by its recent number one ranking for Economic Potential in Business Facilities magazine 2011 Rankings Report.

    2011 has been an impressive year for Virginia, with number one rankings from CNBC and Pollina Corporate Real Estate, as well as a top five ranking from Site Selection magazine. Virginia’s number one CNBC ranking was significant not only because it has held one of the top two places since 2007, but in 2011 Virginia received the highest point total in the history of the ranking. 

    The factors that are used to calculate these results include energy costs, corporate tax rates, right-to-work legislation, workers compensation laws, educational opportunities, the quality and skill of the workforce, job creation, project development, the potential and viability of the state’s growth strategy and quality of life. The results are in and Virginia has shown it is open for business by consistently scoring top state rankings. 

    To learn more about Virginia’s unique combination of resources that have encouraged entrepreneurs to prosper here for more than 400 years click here.

    Virginia’s Renewable Energy Industry Expands

    Thursday, 1 December 2011 17:24 by Info@YesVirginia.org
    Yesterday, leading biomass fuel manufacturer Enviva LP announced plans to build a 454,000 metric ton wood pellet manufacturing facility in Southampton County, Va. This $75 million investment will create 64 new full-time jobs as well as additional jobs through the company’s logging supply chain.

    Yesterday, leading biomass fuel manufacturer Enviva LP announced plans to build a 454,000 metric ton wood pellet manufacturing facility in Southampton County, Va. This $75 million investment will create 64 new full-time jobs as well as additional jobs through the company’s logging supply chain.

    Virginia is on the fast track to lay claim to the title “Energy Capital of the East Coast,” and this is certainly another step towards that end. With an “all-of-the-above” solution to the energy crisis, the Commonwealth possesses resources across multiple sectors ranging from conventional fuel mining to natural gas and nuclear energy, all the way to renewable energy sources such as wind and biomass.

    Enviva’s mission is closely aligned with the Commonwealth, as it seeks to balance energy needs with environmental concerns through a strong commitment to sustainable business practices. Recognizing that transportation is a component of a company’s total environmental impact, Enviva strategically locates its facilities within 75 miles of biomass sources. The company also selects locations in close proximity to waterways and ports for easy shipment to international customers, particularly in Europe. 

    Fortunately, Southeastern Virginia is uniquely positioned to meet the company’s needs on both counts. Best summed up by 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." Enviva invested in a terminal at the Port of Chesapeake earlier this year due to its deep water capacity and ability to accommodate a large variety of vessels.

    To learn more about Virginia’s energy assets and why 385 energy companies have set up operations in the Commonwealth click here.

    Alpha Natural Resources Opens Headquarters in Bristol Virginia

    Tuesday, 29 November 2011 14:12 by Info@YesVirginia.org
    Yesterday, leading coal supplier Alpha Natural Resources celebrated the opening of its new corporate headquarters building in Bristol, Va. Governor McDonnell was joined by state and local officials to congratulate the company at its unique ribbon-cutting ceremony where a team of coal miners cut a ribbon of miner’s belts to commemorate the new building.

    Yesterday, leading coal supplier Alpha Natural Resources celebrated the opening of its new corporate headquarters building in Bristol, Va. Governor McDonnell was joined by state and local officials to congratulate the company at its unique ribbon-cutting ceremony where a team of coal miners cut a ribbon of miner’s belts to commemorate the new building. Located on 30 acres at the Sugar Hollow Business Complex, the 130,000-square-foot building was designed to meet the green building Leadership in Energy and Environmental Design (LEED) standards.

    Alpha Natural Resources announced its selection of Virginia as the site for its new headquarters building just over two years ago. The investment of more than $20 million combined with the creation of 69 new jobs and preservation of 131 jobs is a significant boon for the City of Bristol and Southwest Virginia.

    Virginia can count yet another headquarters win to its all-star roster, successfully competing against Maryland and Tennessee for the business. Alpha Natural Resources is certainly an impressive company to add to this list. Commencing operations in 2002, the company has quickly grown to become the world’s third largest metallurgical coal supplier and the top metallurgical coal supplier in the U.S.

    Location was a key deciding factor in Virginia’s favor. According to CEO Kevin Crutchfield, “The property is in a very attractive park-like setting and has easy Interstate access. A distinct advantage of the new location is its proximity to many of the company’s operations and its convenience for Alpha’s current corporate office work force.”  With a long history of coal mining in Southwest Virginia, the company has an experienced work force to draw upon for future growth.

    To learn more about Virginia’s booming energy industry and why other energy companies have said yes to Virginia click here.

    Made in America - Virginia's Plastics Industry Expands Again

    Tuesday, 22 November 2011 16:02 by Info@YesVirginia.org
    Made in America - Virginia's Plastics Industry Expands Again

    Commonwealth Laminating & Coating, Inc. just announced plans to invest $16.5 million to expand its highly advanced manufacturing facility in Martinsville, Va. Secretary Cheng was on hand today to present President & CEO Steve Phillips with a Virginia Flag to celebrate the company’s growth as well as the 40 additional jobs this project will create.

    As Southside Virginia continues its economic rebound, it is particularly good news for the region when valued employers, such as Commonwealth Laminating & Coating, choose to remain and grow in the area. Even more impressive, Virginia successfully competed against China for this project. Though the company has operations in eight locations across five countries, the Martinsville location serves as the company’s sole manufacturing facility, not to mention its corporate headquarters. With the ever present concern about manufacturing jobs migrating overseas, this expansion speaks volumes about how competitive Virginia’s business environment really is at the global level.
     
    This expansion will allow the company to grow its solar control window film and high-performance coatings business serving the automotive, architectural, safety and security, and industrial markets. It also marks another win for Virginia as the Commonwealth stakes its claim as a leading polymer and film manufacturing location.

    Virginia is home to more than 200 plastics companies that employ more than 20,000 residents. Since 2002, plastics and advanced materials companies have invested more than one billion and created more than 5,600 new jobs in Virginia. Recently, a number of new investments have been announced including Dupont, O’Sullivan Films and Green Mountain Coffee packaging supplier Phoenix Packaging. To learn why these plastics and advanced materials companies chose to locate their manufacturing facilities in Virginia click here.

    Dulles International Airport Delivers More than Passengers

    Friday, 18 November 2011 17:17 by Info@YesVirginia.org

    What many commuters traveling through Dulles Airport may not know is that this airport handles a significant amount of commercial freight and is primed to handle additional air cargo capacity. From refrigerated food to flowers to pharmaceuticals and heavy equipment, Dulles Airport offers a number of competitive advantages for advanced manufacturers, freight forwarders and third-party logistics providers.

    Officials from the Metropolitan Washington Airports Authority (MWAA), Loudoun County, and Virginia Economic Development Partnership (VEDP) recently hosted a group of site selection consultants to expound upon these strategic advantages – location, low operating costs and existing infrastructure.

    Located at the center of the East Coast air cargo market, the Dulles Catchment Area covers 25 states and part of Canada with overnight service. Dulles has a dedicated access road providing a fast connection to I-95, and its close proximity to I-81 and I-70 provide an extensive ground transportation network to Eastern, Midwestern and Canadian markets. Due to the nature of goods being transported, timing is critical and gains in efficiencies not only deliver a better product to the end user, but save the shipper from incurring spoilage costs.

    Of equal importance to its import capabilities, Dulles is also able to attract a strong market for export, which is crucial to establish cargo for the backhaul. “If exports and imports match up, it’s a huge enhancement and adds to the price-point value. Air freight carriers and manufacturers ideally want the planes to be fully loaded both coming and going,” said Warren Hammer, VEDP Business Development Manager – Logistics.

    Dulles Airport can also be highly competitive from a cost standpoint. It is an industry standard to charge landing fees; however, Dulles bases its fees on the Maximum Landing Weight while many of its competitors base their fees on the Maximum Take-Off Weight. As an airplane weighs considerably less at landing, due to fuel consumption, these cost savings can add up over time. Dulles also competes favorably on other costs such as lower cargo handling and fuel fees, as well as fewer weather-related delays compared to its Northern counterparts, leading to an overall lower operational cost structure for carriers and manufacturers.

    In 2010 Dulles handled almost 323,000 metric tons of freight, with more than 195,000 metric tons traveling internationally. Its 442 weekly international departures to 48 destinations around the world illustrate how Dulles has already developed a substantial infrastructure. “There’s already a critical mass for the global air cargo market, but what’s most exciting is there’s capacity to grow,” said Brent Sheffler, VEDP Managing Director - Advanced Manufacturing. Added Sheffler, “Dulles has 515,000 square feet of cargo warehouse space, nearly one million square feet of cargo ramp and hundreds of acres surrounding the airport to support highly-secured air cargo and climate-controlled distribution facilities.”  

    The air cargo capabilities of Dulles International Airport add to the compelling story of why Virginia is CNBC’s Top State for Business. To learn why Virginia’s is a leading gateway to the world click here.

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    Blacksburg Virginia Named Bloomberg Businessweek’s #1 Best Place in the U.S. to Raise Kids

    Thursday, 17 November 2011 15:44 by Info@YesVirginia.org
    Blacksburg Virginia Named Bloomberg Businessweek's #1 Best Place in the U.S. to Raise Kids

    Best known as the college town surrounding Virginia Tech, Blacksburg is making a name for itself as a family-friendly community after receiving top scores on a number of factors parents consider when deciding where to live. “Excellent schools, combined with an affordable cost of living, relatively low crime, and plentiful amenities lifted Blacksburg to first place in Businessweek.com’s sixth nationwide ranking of best places in each state in the U.S. to raise kids,” according to Bloomberg Businessweek.

    Blacksburg offers residents a high quality of life with a multitude of recreational activities. Located between the Blue Ridge and Alleghany Mountains, the town provides easy access to the Appalachian Trail and the George Washington and Jefferson National Forests. In addition to an aquatic and community center, Blacksburg maintains more than 400 acres of parkland which houses public playgrounds, sports fields and miles of walking and biking trails.

    It is no surprise that the top city to raise children has an excellent educational system, with schools that score well above average on standardized tests. The community is home to seven public schools – from elementary through high school – as well as several private schools, day-care facilities and preschools. As for higher education, Virginia Tech was ranked 28th in U.S. News & World Report’s Top Public National Universities list and its College of Engineering was ranked 15th in the nation. With more than 100 centers and institutes performing research, Virginia Tech graduates enter the workforce armed with real world, problem-solving experience. 

    The Blacksburg 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. This type of educated workforce combined with the research capabilities of Virginia Tech is a huge draw for companies. The Virginia Tech Corporate Research Center is home to more than 140 high-tech companies and research centers and Blacksburg Industrial Park is one of several industrial and research business parks housing numerous high-tech and manufacturing companies. In fact, Blacksburg had three companies make Inc. Magazine’s 2011 500|5000 list of the fasting growing U.S. companies.

    To learn more about why Blacksburg, Va. is the best place in the U.S. to raise a family click here.

     

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    Virginia On Target at CoreNet Global Summit

    Tuesday, 15 November 2011 10:34 by Info@YesVirginia.org
    Virginia's web-based site selection tools on target with CoreNet Global Summit show theme - Social Dynamics: Connectivity, Creativity, Relationships.

    Virginia Economic Development Partnership (VEDP) exhibited at the CoreNet Global Summit in Atlanta, Ga., last week to promote Virginia’s pro-business climate and extensive assets with business leaders and site selection consultants in the hopes of drawing additional investment and jobs to the Commonwealth. CoreNet Global is a leading member association for corporate real estate executives and this year’s event drew more than 1,500 attendees.

    The international presence at this year’s show continued to increase, reflecting the macro trends of globalization and the subsequent expansion of the corporate real estate industry. Also of note was an increase in real estate firms, providing a full-service approach that end-users typically had to farm out to multiple service providers. 

    The theme of this year’s event was “Social Dynamics: Connectivity, Creativity, Relationships,” exploring how people are connecting in different ways with new tools and how this impacts the corporate real estate industry. Fortunately, Virginia is right on target keeping pace with technology and the demands of the industry. The Commonwealth has one of the country’s most advanced site selection tools called VirginiaScan. VirginiaScan is a web-based tool that allows companies and consultants to search a database of more than 2,100 qualified sites and buildings across the Commonwealth based on a number of criteria such as property type, square footage, logistics requirements, labor statistics and existing business data. Virginia also has another web-based tool called Compare Virginia, which allows consultants to perform a side-by-side comparison of how Virginia compares with other states in a variety of areas, including education, employment, income and wages, labor relations, population, public debt and taxes. 

    Tools like those mentioned above cater to the on-the-go demands of executives and site selection consultants by allowing them to access web-based tools and get a head-start on research, while maintaining confidentiality in the early stages of a property search. To learn why CNBC has selected Virginia as the Top State for Business and how VEDP can help with your site selection search click here

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    New ITT Exelis Headquarters Open for Business

    Wednesday, 9 November 2011 16:15 by Info@YesVirginia.org

    Yesterday, ITT Exelis celebrated the official opening of its new headquarters in Fairfax County, just a few short months after Governor McDonnell’s announcement of the company’s plans to invest up to $5 million and create 100 new jobs. This has been a busy few weeks for ITT Exelis, completing its spin-off from ITT Corporation on October 31, and ringing the bell at the New York Stock Exchange as an independent company on November 4. 

    Secretary Cheng and Congressman Jim Moran were on hand to offer their congratulations to the company as ITT Exelis unveiled its logo on the newly christened headquarters building. Located on Tysons Boulevard, the new corporate headquarters is housed in the center of the bustling business community of Tysons Corner in McLean, Va., just a few miles away from the Pentagon and other key government and military customers. With expansion of the D.C. Metro’s Silver Line expected to come right through the area in a couple of years, contact with D.C. defense players will only improve.

    Proximity to key customers isn’t the only reason Virginia won this deal. ITT is already well acquainted with Virginia’s pro-business climate, as it is has a strong presence across the state with operations in McLean, Herndon and Roanoke. The decision to further its presence in the Commonwealth, particularly with ITT Exelis’ headquarters location, illustrates an understanding of Virginia’s strong assets that include a highly skilled workforce and a favorable regulatory and tax environment.

    Coming right on the heels of Northrop Grumman’s new headquarters opening, Virginia is establishing itself as the global hub for the defense industry. Already home to ATK, BAE Systems Inc., CACI International, Computer Sciences Corp., General Dynamics, SAIC and SRA International, the Commonwealth is in a strong position to attract additional defense players. To learn why top defense and aerospace companies said yes to Virginia click here.

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    Top U.S. Construction Company Brings 625 Jobs to the Top State for Business

    Monday, 7 November 2011 17:06 by Info@YesVirginia.org

    Virginia wins big again – Bechtel Corporation, rated the top U.S. construction contractor by Engineering News-Record, just announced its plans to invest $18 million and bring 625 jobs to Fairfax County in Northern Virginia. The company will relocate its Global Operations headquarters from Maryland and establish its Government Services group headquarters at the Reston Town Center in Reston, Va.

    Bechtel selected Virginia because it has the right combination of resources to help the company succeed in a global environment. The growth sectors of the Commonwealth closely align with Bechtel’s market focus, and the location in Fairfax County puts the company in close proximity to key customers in the government, IT, energy and transportation sectors. With the company’s corporate headquarters in San Francisco, Virginia’s central East Coast location gives Bechtel a coast-to-coast presence as well as global access through nearby Dulles International Airport.

    Virginia’s ability to match the company’s workforce needs, particularly in the IT and engineering sectors, helped seal the deal. Virginia has the highest concentration of high-tech workers in the nation according to Cyberstates 2010 – 277,575 to be exact. The Commonwealth also has a strong pipeline of educated technology professionals entering the workforce with more than 18,500 students enrolled in IT programs and 3,400 degrees and certificates awarded in the 2009-2010 academic year. To learn more about Virginia’s technology assets click here.

    Bechtel is part of a steady stream of companies who have recognized Virginia’s pro-business climate and selected the Commonwealth for their headquarters operations.  SAIC, CSC, Volkswagen of America, Northrop Grumman, ITT Exelis and Hilton Worldwide are just a few companies that have established headquarters in the Commonwealth. To learn why many of the world’s largest companies call Virginia home click here.

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    Virginia Brews Up 800 New Jobs in Isle of Wight

    Tuesday, 1 November 2011 15:59 by Info@YesVirginia.org

    Isle of Wight County received some big news when leading coffeemaker Green Mountain Coffee Roasters, Inc. (GMCR) announced it will invest $180 million and create 800 jobs over the next five years. The company plans to purchase a 330,000-square-foot building at Shirley T. Holland Intermodal Park that will serve as a production and distribution facility, handling the roasting, grinding, flavoring and packaging of its Keurig® single-serve product line. 

    Governor McDonnell aptly described this project as “transformational for Isle of Wight County.” The county, part of the Hampton Roads region, was especially hard hit by job losses during the recent economic downturn. The 800 jobs that this project will bring are particularly meaningful to this community.

    Virginia was able to attract this world class consumer products company because it was able to provide a location that aligned the company’s production facility with its supply chain, workforce and logistical needs. The Commonwealth’s central location on the Atlantic Coast allows for easy transport to the Northeast, Southeast and Midwest markets. 

    GMCR referenced the appeal of Virginia’s workforce as one of the key factors in selecting this site. Virginia is home to 525 Food Processing companies that employ more than 33,000 people. A steady stream of skilled employees is provided through Virginia Tech’s Department of Food Science and Technology, the Virginia Packaging Application Center at Dabney S. Lancaster Community College, and the Center for High Performance Manufacturing, also at Virginia Tech.

    The Food and Beverage cluster is growing in the Commonwealth as Food Processing companies have invested more than $2 billion since 2000, creating more than 6,900 new jobs. Hershey, Kraft Foods, Perdue, Smithfield and Tyson have all elected to locate operations in Virginia. In fact, Phoenix Packaging Operations, LLC, a company that invested $37.5 million over the last eighteen months to establish and then expand its first U.S. operations in Virginia, counts GMCR as one of its packaging customers. 

    As Virginia’s Food and Beverage industry continues to grow, its education system has kept pace by expanding its offerings and including specialized training programs to support this growth. The synergies of this public-private partnership are evident, drawing additional companies to the area and furthering the positive trend. To learn more about Virginia’s thriving Food and Beverage industry click here.

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    U.S. News and World Report Recognizes Virginia’s Education System

    Friday, 28 October 2011 09:59 by Info@YesVirginia.org

    With the Governor’s Second Annual Forum on Education and Workforce Training occurring next week, Virginians are primed to discuss our world-class workforce and ensure it remains at the top. Recently, several Virginia colleges and universities received national recognition for being among the best higher education institutions in the nation. In the prestigious U.S. News and World Report Top Public National Universities List, The University of Virginia ranked second and The College of William and Mary ranked sixth. The University of Virginia’s undergraduate business program was recognized with a fifth place ranking and its renowned law school placed ninth this year. The College of William and Mary had the eighth ranked undergraduate teaching program in the country.

    Washington and Lee University ranked twelfth among the nation’s best liberal arts colleges. Virginia Commonwealth University had the number one Nursing-Anesthesia program and the number four Fine Arts Program. Virginia Tech University’s College of Engineering was rated fifteenth in the country. The University of Richmond was ranked twenty-seventh in the national liberal arts college category. It was also listed as the third up-and-coming liberal arts school and ninth for best value in the liberal arts school category. Virginia Military Institute was ranked fourth in the public liberal arts college category. George Mason University also received a nod as the number two up-and-coming school in country.

    At the regional level Virginia educational institutions also showed strongly. In the category of Top Public Regional Universities in the South, James Madison University was ranked number two, the University of Mary Washington was ranked number six and Christopher Newport University was ranked number nine.   

    Success at the collegiate level is grounded in a strong system of elementary and secondary education. U.S. News and World Report also released its Best Public High School List and one of Virginia’s high schools received the number one spot in the Gold Medal category. Thomas Jefferson High School for Science and Technology in Alexandria, Va., was selected from more than 21,000 public high schools across the nation as the number one public high school based on proficiency standards and the degree to which it prepared students for college-level work.

    In the 2010-11 academic year, 133,603 degrees from associate through doctorate were awarded at Virginia's colleges and universities. With more than 500,000 students currently enrolled in more than 100 in-state institutions of higher education, and 18,000 military personnel exiting the armed services annually, Virginia is producing a diverse pipeline of skilled workers able to meet the needs of businesses looking to expand into the Commonwealth.

    Click here to learn more about Virginia’s excellent education system and workforce training programs serving a variety of industry sectors.

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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

    Governor McDonnell and Lieutenant Governor Bolling attended the ribbon-cutting ceremony in Henry County, Va., to celebrate the opening of ICF International’s Business Process Management operations center. The opening of the facility comes just over a year after the Governor announced the project would bring 539 new jobs and a $15 million investment to Southern Virginia.

    As a global professional and technology services firm, locating near a skilled workforce is critical. Following the company’s $20 million expansion of its Fairfax County headquarters in 2010, this project is further validation of the strength of Virginia’s workforce across the state. 

    This victory also illustrates the breadth of Virginia’s technology infrastructure, another key deciding factor that helped the Commonwealth compete against Georgia, Maryland, Tennessee and West Virginia. Companies in Southern Virginia can take advantage of Mid-Atlantic Broadband Cooperative’s 800 mile open-access, fiber optic broadband network.

    In the words of ICF International Chairman and CEO Sudhakar Kesavan, “ICF is proud to expand its operations in Virginia and to call the Commonwealth its home. As a professional services firm, ICF International maintains its global headquarters here, which offers the best combination of a robust economy, a pro-business climate, a high-quality workforce, and an outstanding quality of life for ICF employees. We are pleased to open this new operations center in Henry County and to build our workforce from local residents.”

    With the highest concentration of technology workers in the country, Virginia continues to attract world-class companies and gain recognition as the Top State for Business. To learn more, click here.

    Governor McDonnell addresses the crowd at ICF International’s ribbon-cutting ceremony in Martinsville, Va.

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    Virginia Wins Site Selection Magazine’s 2011 Competitiveness Award

    Monday, 7 May 2012 09:49 by Info@YesVirginia.org
    Site Selection Magazine named Virginia the winner of its annual Competitiveness Award, which recognizes excellence on the part of a state-level economic development group...

    Site Selection magazine named Virginia the winner of its annual Competitiveness Award, which recognizes excellence on the part of a state-level economic development group. The Virginia Economic Development Partnership (VEDP) accepted the award at the Industrial Asset Management Council’s Spring Professional Forum held in Austin, Texas.

    The Competitiveness Award was based on a 10-factor index using Conway Data Inc.’s New Plant database. The number of new and expanded facilities, capital invested in new and expanded facilities, total jobs created, the individual state tax climate and state unemployment rate were a few of the factors used in selecting the Commonwealth as the winner.

    Virginia’s low-tax business climate, right to work status and competitive operating costs were just some of the benefits touted by Site Selection. Add to that a world-class transportation infrastructure, robust telecommunications network, and a tech-savvy workforce, and it’s easy to see why Virginia is the clear winner.

    This award continues the positive recognition the Commonwealth has seen in 2012. Virginia has already been recognized with a Top 3 Economic Outlook Ranking from the American Legislative Exchange Council’s Rich States, Poor States study, a Top 5 ranking in Site Selection’s Governor’s Cup, a Top 3 ranking on Gallup’s Job Creation Index, and a Top 10 ranking on Chief Executive’s Best States for Business.

    To learn why Virginia continues to garner attention as a top state for business, click here.

    Mark Arend, Site Selection Editor in Chief, presents VEDP representative Brent Sheffler with the Competitiveness Award.

    Balchem Corp. Opens First Operation in Virginia

    Wednesday, 2 May 2012 12:53 by Info@YesVirginia.org
    Alleghany County won a new manufacturing operation when Balchem Corporation decided to locate its first operation in the Commonwealth there. The project will bring an initial investment of approximately $10 million and 55 new jobs to the region over the next 2-3 years...

    Alleghany County won a new manufacturing operation when Balchem Corporation decided to locate its first operation in the Commonwealth there. The project will bring an initial investment of approximately $10 million and 55 new jobs to the region over the next 2-3 years.

    As a leading producer of encapsulated ingredients for the animal nutrition and health market, Balchem’s growing portfolio of products has gained strong market acceptance at a global level. The manufacturing facility in Covington, Va., will allow Balchem to build on this success by more than doubling its output capacity for this market.

    Virginia’s strong manufacturing workforce, rich raw material supply and competitive overall cost structure weren't the only reasons the Commonwealth was selected for this project. Alleghany County’s strategic location was also a critical factor in the selection process. Direct access to Interstates 64 and 81 will provide the company with convenient access to customers in the Northeast and Midwest markets, and close proximity to Virginia’s world-class port system will allow Balchem to easily serve its international customers.

    A 45-year-old, publicly-traded company, Balchem was ranked #29 on Forbes.com’s 2011 America’s Best Small Companies list. To learn more about Virginia’s extensive manufacturing capabilities and why the Commonwealth continues to attract top companies like Balchem, click here.

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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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    Danville Community College Prepares Virginia's Advanced Manufacturing Workforce

    Thursday, 3 October 2013 16:37 by Info@YesVirginia.org

    With the U.S. seeing a resurgence of manufacturing jobs, Danville Community College (DCC) has launched a new initiative, the Southern Virginia Consortium for Advanced Manufacturing (SVCAM), to ensure Virginia, and especially the Dan River region, is well-positioned to capitalize on this trend.

    One of the goals of SVCAM is to expand DCC’s advanced manufacturing training programs. The manufacturing jobs that have been reshored tend to be higher tech jobs that require a strong STEM (science, technology, engineering and math) background.

    DCC has already increased the size of its popular Precision Machining Technology program. Graduates are in high demand from businesses in the region, and DCC has doubled enrollment capacity and added two new machining instructors.

    With additional funding from the Virginia General Assembly and other industry partners, DCC plans to renovate its Charles Hawkins Engineering and Industrial Technology building and expand machining lab and classroom space from 6,500 to more than 20,000 square feet. SVCAM funding will also be used to expand DCC’s welding, robotics, industrial maintenance, electronics, polymer manufacturing, engineering technology, additive manufacturing and nanotechnology programs.

    Another benefit of the SVCAM program is increased outreach to younger students. DCC has partnered with area high schools to establish a 33-hour dual enrollment program that allows juniors and seniors to earn credit towards an Advanced Manufacturing Certificate and gain valuable skills in one of four areas:  precision machining technology, electronics, industrial maintenance or welding.

    The benefits of the SVCAM program are already paying off. North American Mold Technology recently announced plans to establish a new operation in Danville and create 120 new jobs. DCC’s ability to supply and train a high-tech manufacturing workforce was cited by the company as a key factor in their location decision and helped Virginia successfully compete against Ohio for the project.

    DCC and its SVCAM program is another example of Virginia’s premier education system, offering valuable workforce training solutions that attract businesses to the Commonwealth. To learn more, click here.

     

    Forbes.com Names Virginia America’s “Best State for Business”

    Wednesday, 25 September 2013 12:38 by Info@YesVirginia.org
    Virginia won the top spot again in the Forbes.com 2013 Best States for Business ranking. Virginia has held one of the top two spots every year since the award’s inception, placing No. 1 from 2006-2009 and No. 2 from 2010-2012...

    Virginia won the top spot again in the Forbes.com 2013 Best States for Business ranking. Virginia has held one of the top two spots every year since the award’s inception, placing No. 1 from 2006-2009 and No. 2 from 2010-2012.

    Forbes.com uses six factors to determine its ranking, and Virginia is the only state to rank in the top five in four of the six categories. Virginia was ranked No. 1 for its regulatory environment, No. 2 for its labor supply, No. 4 for quality of life, and No. 5 for economic climate.

    According to Forbes.com, “Virginia ranks first among the states in the regulatory category because of its business-friendly government policies and strong incentive offerings. The tort system is one of the best in the country for businesses, according to the Mercatus Center’s Freedom in the 50 States. Virginia is also one of 24 right-to-work states, which explains a union workforce that is only 4.4% of employment—fifth lowest in the U.S.”

    The study also highlighted the strength of Virginia’s workforce, which has helped draw companies like Amazon.com and Microsoft to the Commonwealth. Virginia has the highest concentration of high-tech workers, according to TechAmerica’s Cyberstates 2013.

    With concerns nationwide over the effects of sequestration, Forbes.com noted how well Virginia’s economy has performed. “Virginia’s $446 billion economy held up better than most states during the Great Recession thanks in part to spending by the federal government. But Virginia does have a widely diverse economy with strongholds in bioscience, logistics, manufacturing and technology. There are 31 companies (public and private) with more $3 billion in sales headquartered in Virginia.”

    Virginia continues to garner top accolades due to the Commonwealth’s pro-business environment, competitive operating costs, world-class labor pool, premier logistics network and strong quality of life. To learn why companies have found success in the Commonwealth for more than 400 years, click here.

    Denbigh High School’s Aviation Academy Recognized as PRIME School for Manufacturing Education

    Tuesday, 24 September 2013 16:10 by Info@YesVirginia.org
    Denbigh High School’s Aviation Academy in Newport News, Va., was added to the 2013-2014 list of Partnership Response in Manufacturing Education (PRIME) programs for the upcoming school year. Only 11 schools across the country were added this year...

    Denbigh High School’s Aviation Academy in Newport News, Va., was added to the 2013-2014 list of Partnership Response in Manufacturing Education (PRIME) programs for the upcoming school year. Only 11 schools across the country were added this year.

    PRIME is a program developed by the SME Education Foundation to prepare students for manufacturing careers by advancing education in STEM (Science, Technology, Engineering and Math) subjects. It employs a community-based, real-world approach to education, forging partnerships between schools, higher education institutions, companies and the community.

    To become part of the PRIME program, a school must have an exemplary manufacturing curriculum that has been in place for at least three years. The program must include both academic and hands-on fabrication instruction; access to local colleges with the opportunity to participate in postsecondary programs; and access to local manufacturing companies for company tours, job shadowing and mentoring opportunities.

    PRIME is part of SME’s initiative to support the reshoring of manufacturing jobs to the U.S. and ensure we have a strong pipeline of skilled manufacturing workers to support future industry needs.

    Denbigh High School’s Aviation Academy offers a four-year magnet program that prepares students for careers in engineering, aviation and electronics. Students take a number of classes at the Newport News/Williamsburg International Airport, including an FAA Pilot Ground School course. The academy provides students with cutting-edge electronics and technology equipment, and students are encouraged to pursue college dual enrollment opportunities. 

    Denbigh High School’s Aviation Academy is another example of Virginia’s exemplary secondary education system, preparing graduates to enter the manufacturing workforce or pursue more advanced degrees at the Commonwealth’s leading higher education institutions. To learn more, click here.

    Orbital Sciences Completes Launch from Virginia to the International Space Station

    Thursday, 19 September 2013 14:00 by Info@YesVirginia.org
    At 10:58 a.m. yesterday morning, Orbital Sciences successfully completed the second launch of its Antares rocket and Cygnus spacecraft from Pad-OA of the Mid-Atlantic Regional Spaceport (MARS) at NASA’s Wallops Flight Facility on the Eastern Shore of Virginia...

    At 10:58 a.m. yesterday morning, Orbital Sciences successfully completed the second launch of its Antares rocket and Cygnus spacecraft from Pad-OA of the Mid-Atlantic Regional Spaceport (MARS) at NASA’s Wallops Flight Facility on the Eastern Shore of Virginia.

    This mission is the first time a spacecraft launched from Virginia will visit the International Space Station.

    Antares will deliver the Cygnus spacecraft along with 1,300 pounds of food, clothing and other cargo to the Expedition 37 crew on the International Space Station. 

    The Cygnus spacecraft is scheduled to arrive at the International Space Station on Sunday, September 22. Prior to its arrival, Cygnus will perform a series of tests and maneuvers to demonstrate its readiness to rendezvous with the space station. On Sunday, the crew of Expedition 37 will operate the station’s 57-foot robotic arm to grapple Cygnus and maneuver it into the docking station.

    The purpose of this mission is to demonstrate the capabilities and readiness of Orbital Sciences’ cargo delivery system as part of its Commercial Orbital Transportation Services (COTS) program with NASA. Orbital Sciences successfully completed the inaugural test flight of Antares and Cygnus in April.

    Subsequently, Orbital Sciences will carry out eight resupply missions through 2016, delivering approximately 20,000 kilograms of cargo to the International Space Station as part of its $1.9 billion Commercial Resupply Services contract with NASA.

    These resupply missions will aid the crews of the International Space Station in carrying out scientific experiments in a microgravity research lab.

    Following the historic LADEE launch just over a week ago, Virginia’s leadership in space exploration is evident. Through the MARS facility, Virginia offers one of only four commercial sites approved by the FAA for orbital space launches.

    To learn more about Virginia’s thriving aerospace industry, click here.

    Orbital Sciences' Antares rocket and Cygnus spacecraft launch from Pad-OA of the Mid-Atlantic Regional Spaceport (MARS) at the NASA Wallops Flight Facility in Virginia.  Photo color-enhanced and courtesy of NASA/Bill Ingalls.

    The MACH37 Cyber Accelerator Opens in Herndon, Virginia

    Tuesday, 17 September 2013 16:10 by Info@YesVirginia.org
    Virginia’s new MACH37 Cyber Accelerator recently opened at the Center for Innovative Technology (CIT) in Herndon, Va., just five months after the announcement of its creation...

    Virginia’s new MACH37 Cyber Accelerator recently opened at the Center for Innovative Technology (CIT) in Herndon, Va., just five months after the announcement of its creation.

    The MACH37 accelerator program is designed to capitalize on Virginia’s expertise in the cybersecurity industry and help launch additional start-up companies developing innovative technology in this area.

    The first five companies selected for this program are Cypherpath, Key Cybersecurity Inc., Pierce Global Threat Intelligence, CyberLingua, and Sikernes.

    These companies will participate in two 90-day sessions. At the beginning of the first session, they will receive seed funding, followed by introductions to a network of cybersecurity experts and investors to help mentor and develop their products and technology. 

    At the end of the first 90-day session, the companies will go before a professional panel on Demo Day. If the presentation is successful, selected companies will receive additional funding and be allowed to participate in the second 90-day session.

    The MACH37 Cyber Accelerator is modeled after the Y-Combinator, an accelerator program in Silicon Valley that has helped develop more than 460 companies. The MACH37 program helps cybersecurity entrepreneurs bridge the gap between idea generation and commercialization. 

    The program is named after the escape velocity of Mach 37, the minimum velocity needed to launch passed the earth’s gravitational field.

    MACH37’s location at CIT is in the hub of the Dulles Technology Corridor, providing early stage companies access to a solid pipeline of high-tech employees.

    In addition, CIT is partnering with Virginia Tech to develop a cyber test range available to MACH37 companies. This remotely-accessible test center will be located nearby at Virginia Tech’s Hume Center for National Security and Technology in Arlington, Va.

    The MACH37 Cyber Accelerator is another shining example of how Virginia’s public and private institutions partner to create an innovate environment for entrepreneurs to create new products and technology. 

    To learn more about Virginia’s pro-business research and development opportunities, click here.

    Governor McDonnell meets with members of the cybersecurity community during the MACH37 Cyber Accelerator grand opening event at CIT in Herndon, Va.

    First Deep Space Mission Launches from Virginia’s Wallops Flight Facility

    Monday, 9 September 2013 17:03 by Info@YesVirginia.org
    At approximately 11:27 p.m. on Friday, September 6, NASA, Orbital Sciences and the Virginia Space Flight Authority launched the LADEE (Lunar Atmosphere and Dust Environment Explorer) Mission from Virginia’s Mid-Atlantic Regional Spaceport (MARS) Pad OB at NASA’s Wallops Flight Facility on Virginia’s Eastern Shore...

    At approximately 11:27 p.m. on Friday, September 6, NASA, Orbital Sciences and the Virginia Space Flight Authority launched the LADEE (Lunar Atmosphere and Dust Environment Explorer) Mission from Virginia’s Mid-Atlantic Regional Spaceport (MARS) Pad OB at NASA’s Wallops Flight Facility on Virginia’s Eastern Shore.

    The LADEE Mission accomplishes a number of firsts—it is the first deep space mission to launch from the Wallops Flight Facility, as well as the first payload to launch on the U.S. Air Force’s Minotaur V rocket. The Minotaur V launch vehicle was built by Virginia company Orbital Sciences. 

    The LADEE spacecraft was constructed using Modular Common Spacecraft Bus Architecture, representing a departure from custom design towards assembly production and multi-use design in order to reduce costs.

    Upon completing three phasing orbits around the earth, the LADEE spacecraft will enter the moon’s orbit through a three-minute Lunar Orbit Insertion maneuver that involves firing the spacecraft’s onboard propellant for approximately three minutes.

    After being captured by the moon’s gravitational field, LADEE will orbit around the moon for a 100-day science phase to collect data and study the lunar atmosphere. The moon’s atmosphere is classified as a surface boundary exosphere, a thin layer that is theorized to be the most common type of atmosphere in the universe.

    Scientists hope to determine the density, composition and variability of the moon’s atmosphere, as well as learn more about the lunar dust environment. Knowledge gained through this mission can be extrapolated to the atmosphere of other planets, including Earth.

    With another Antares mission expected to launch in mid-September from the MARS facility, Virginia remains at the forefront of U.S. space exploration. MARS is one of only four commercial sites authorized by the FAA for orbital space launches, and offers an ideal trajectory for earth orbit insertion.

    To learn more about Virginia’s burgeoning aerospace industry, click here.

    The LADEE Mission launches from Virginia’s Mid-Atlantic Regional Spaceport at NASA’s Wallops Flight Facility on September 6. Photo courtesy of NASA/Carla Cioffi.

    Service Center Metals Celebrates 10-year Anniversary and Expansion

    Thursday, 5 September 2013 12:46 by Info@YesVirginia.org
    Service Center Metals recently celebrated 10 years of doing business in Prince George County, Va. The ceremony, attended by Lieutenant Governor Bill Bolling, included a ground-breaking celebration for a second plant at the SouthPoint Business Park location...

    Service Center Metals recently celebrated 10 years of doing business in Prince George County, Va. The ceremony, attended by Lieutenant Governor Bill Bolling, included a ground-breaking celebration for a second plant at the SouthPoint Business Park location.

    Service Center Metals was founded in 2002 by three former Reynolds Metals executives to produce aluminum extruded products. As its name implies, Service Center Metals has chosen to focus exclusively on a unique niche—service center customers. 

    After weathering the ups and downs of the last 10 years, the company now boasts more than 120 employees and $145 million in revenue. Since its opening, Service Center Metals has produced more than 635 million pounds of extrusions.

    The company’s expansion includes a compact remelt plant that will be located adjacent to its extrusion plant. Currently, Service Center Metals must ship its aluminum scrap to and from a third-party provider to be remelted. Bringing this process in-house will allow the company to better recycle its scrap materials, as well as serve its customers more quickly and in an environmentally-friendly way.

    As a home-grown manufacturing company, Service Center Metals is a strong example of the success entrepreneurs experience when they start a business in the Commonwealth. To learn more about Virginia’s innovative business environment, click here.

    Lieutenant Governor Bill Bolling (left center) joins company and local officials at the Service Center Metals ground-breaking ceremony in Prince George County, Va.

    2013 ALEC-Laffer State Economic Competitiveness Index Ranks Virginia No. 5 in Economic Outlook

    Wednesday, 21 August 2013 16:23 by Info@YesVirginia.org
    In its sixth edition of Rich States, Poor States, the American Legislative Exchange Council (ALEC) recognized Virginia at No. 5 in its 2013 Economic Outlook ranking...

    In its sixth edition of Rich States, Poor States, the American Legislative Exchange Council (ALEC) recognized Virginia at No. 5 in its 2013 Economic Outlook ranking.

    The Economic Outlook category measures how a state is expected to perform in the future based on 15 policy areas controlled at the state level. The study points out the direct correlation between policy decisions and a state’s level of economic competitiveness.

    Virginia has historically performed strongly in the Economic Outlook category—in five out of the last six years the Commonwealth has scored in the top five.

    Virginia was the only state in the mid-Atlantic to break the top 10.

    Rich State, Poor States highlights some of Virginia’s pro-growth policies that enabled it to achieve a top ranking. The Commonwealth’s pro-growth tax policies, fairness of its legal system, low workers’ compensation costs and right-to-work status were among the reasons Virginia’s economic outlook remains strong.

    In addition, Virginia offers companies a corporate tax rate of six percent that remains unchanged since 1972, electricity costs below the national average, and the second lowest unemployment insurance tax rate in the nation.

    Virginia has been providing companies with the right location and resources to succeed for more than 400 years. To learn why the Commonwealth continues to receive top accolades, click here.

    VEDP Launches ‘Going Global’ Initiative for Defense Companies

    Tuesday, 13 August 2013 14:45 by Info@YesVirginia.org
    Today, VEDP announced the launch of its ‘Going Global’ initiative as part of its strategy to help Virginia defense companies mitigate the effects of sequestration...

    Today, VEDP announced the launch of its ‘Going Global’ initiative as part of its strategy to help Virginia defense companies mitigate the effects of sequestration.

    Sequestration is the name for the automatic federal spending cuts that began on March 1 as part of the Budget Control Act of 2011, enacted by Congress to resolve the U.S. debt-ceiling crisis.

    The impact of Sequestration has been less severe than expected—Department of Defense contracts decreased from $56.9 billion in FY2011 to $51.5 billion in FY2012. However, the Commonwealth is the top state for DoD contracts, raising concerns that lost contracts could results in lower revenues for Virginia companies unless they can find new customers.

    As part of its sequestration mitigation strategy, VEDP is working with Virginia defense companies to help them find those new customers overseas. The receipt of nearly $2 million in federal and state funds will allow VEDP to augment some of its most successful programs already underway within the International Trade division. 

    For example, defense companies will be able to utilize VEDP’s Global Network team of in-country consultants from more than 55 countries. Market research services include compiling background information, identifying potential distributors, conducting due diligence, arranging matchmaking appointments with potential partners and customers, assessing competition, and helping companies understand the regulatory environment.
     
    VEDP will be able to assist companies with export compliance. Virginia companies participating in this program will receive an export compliance analysis, including guidance on completing a Commodities Jurisdiction Analysis and submitting the required paperwork to the Department of State in compliance with International Traffic in Arms Regulations.

    The grant will also allow companies to enhance their marketing and digital presence to target foreign markets through website translation and search engine optimization.

    VEDP recently released an export guide for defense companies titled Export Opportunities for Virginia’s Defense Industry. The guide outlines regulations, processes and strategies specific to the defense industry, and contains marketing and sales best practices for both new and experienced exporters. 

    VEDP’s International Trade division offers a wide variety of programs to help Virginia companies succeed in the global marketplace. To learn more, click here.

    Virginia Receives Numerous Top Rankings from Business Facilities Magazine

    Friday, 9 August 2013 10:35 by Info@YesVirginia.org
    Once again, Virginia received a number of top rankings in Business Facilities’ 2013 State Rankings Report. The Commonwealth was ranked No. 5 for Best Business Climate and No. 8 for Economic Growth Potential...

    Once again, Virginia received a number of top rankings in Business Facilities’ 2013 State Rankings Report. The Commonwealth was ranked No. 5 for Best Business Climate and No. 8 for Economic Growth Potential.

    The strength of Virginia’s workforce and education system was recognized through a No. 8 ranking for Best Education Climate and a No. 9 in the Employment Leaders category.

    A number of Virginia’s key industries were also touted by the study. Virginia was ranked No. 4 in the Data Center category. Data center investment has grown at a rapid pace in the Commonwealth due to Virginia’s plentiful high-tech workforce, substantial broadband infrastructure, and low-cost environment. In 2012, Virginia saw more than $1 billion in investment in this sector.

    Virginia was ranked No. 7 in the Aerospace/Defense Industry Leaders category. This comes as no surprise, as the Commonwealth is the No. 1 state for Department of Defense contracts and is home to a number of global aerospace and defense companies due to its strengths in the high-tech and manufacturing spaces, strong military presence and close proximity to federal customers. Virginia also offers one of only four commercial sites authorized by the FAA for orbital space launch.

    Often referred to as the “Energy Capital of the East Coast,” Virginia was recognized as a Biofuels Leader with a No. 7 ranking. The Commonwealth has seen a number of announcements in this sector—Enviva is currently completing construction on a 454,000-metric-ton wood pellet manufacturing facility in Southampton County. The company will utilize Southern Virginia’s rich wood basket, seasoned labor force, and proximity to the Port of Chesapeake to provide biomass for its international customers.

    In addition, three Virginia localities were recognized in the Business Facilities Metro Rankings Report. Prince George County was rated No. 7 for Economic Growth Potential, due in part to expansions at Ft. Lee, Rolls-Royce and the Commonwealth Center for Advanced Manufacturing (CCAM). 

    Newport News and Norfolk were ranked No. 2 and No. 9, respectively, as Logistics Leaders (Ports) for their proximity to the international Port of Virginia. Offering access to 250 ports in more than 100 overseas locations, the Port of Virginia is the only U.S. East Coast location able to handle post-Panamax vessels as first port of call.

    Virginia continues to receive top accolades because the Commonwealth offers the location and resources businesses need to succeed. To learn why companies have prospered in Virginia for more than 400 years, click here.

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

    A Successful Tomorrow Starts Today

    Thursday, 7 July 2011 11:31 by Info@YesVirginia.org

    With the changing economic landscape, companies both large and small are increasingly relying on a skilled and educated workforce. Higher technological competencies and experience with service-oriented positions are just a few of the skills employers are looking for to ensure their business’ success.

    Preparing students to enter this business environment is an important task and one that Frederick County and Winchester, Virginia are taking seriously. Check out the video below on how educators, employers, and government officials are equipping students to thrive in tomorrow’s workforce.

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    Third Time's a Charm- Virginia Ranked CNBC's Top State for Business

    Wednesday, 29 June 2011 11:42 by Info@YesVirginia.org

    Virginia has done it again—CNBC announced that Virginia has reclaimed the award for “Top State for Business.” Since the rankings began five years ago, Virginia has remained in the top two spots, with first-place finishes in 2007, 2009 and now 2011, and second place awards in 2008 and 2010. This year, Virginia was followed by Texas at number two, North Carolina as number three, and Georgia and Colorado coming in at fourth and fifth.

    The news was announced live from Mount Vernon, Virginia. Speaking about Virginia’s win, CNBC Senior Correspondent Scott Cohn, said, "With an unprecedented fiscal crisis at the state level, never has it been tougher to stay competitive. But Virginia met the challenge on every level, achieving the highest point total in the history of our study, and finishing in the top half of every category. In the see-saw battle between Virginia and Texas, Virginia is back on top--for now."

    CNBC took an in-depth look at why Virginia again came out on top. Using publicly available data, each state was scored on 43 different measures of competitiveness. States received points based on their rankings in each metric, which were then separated into 10 broad categories: Cost of Doing Business, Workforce, Quality of Life, Economy, Infrastructure & Transportation, Technology & Innovation, Education, Business Friendliness, Access to Capital and Cost of Living.

    Not only did the Commonwealth win the highest ranking—Virginia received the highest point total in the history of the rankings, finishing in the top-half of every category ranked.

    Virginia has often been lauded for its strategic location, friendly business climate and diverse economy, and this year’s CNBC top ranking was no different. The Commonwealth also showed marked improvements in its tax burden and education. Not only that, Virginia finished in the top ten in five categories: Infrastructure & Transportation at number 10, Economy at number 8, Education at number 6, second in Business Friendliness and tenth in Access to Capital.

    So when people ask why they should “Say Yes” to Virginia, don’t just take our word for it—ask the experts.

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    Volvo Trucks Achieves Energy Efficiency Goals

    Monday, 27 June 2011 09:41 by Info@YesVirginia.org

     Volvo is currently working toward a corporate goal of making all of its manufacturing facilities carbon dioxide neutral by 2012- a goal that requires alternative uses of renewable energy, as well as reducing overall energy consumption at its plants.

    Volvo Trucks, located in Dublin, Virginia, took the goal even farther, hoping to reduce consumption by 25% in a single year at its New River Valley plant.  Check out this article on the U.S. Department of Energy’s site, which highlights Volvo Trucks’ success in achieving its goals, and the steps it took to get there.

     

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    Virginia Tech Corporate Research Park Receives Award of Excellence

    Thursday, 23 June 2011 11:20 by Info@YesVirginia.org

     “Outstanding”, “Exceptional leadership in innovation”, “Driving innovation in communities” –These are just a few of the attributes describing Virginia Tech’s Corporate Research Park, which was recently awarded the 2010 Award of Excellence by the Association of University Research Parks (AURP). In its 15th year, the Award of Excellence recognizes the achievements of research parks and industry partners. The award looks to research parks that successfully bring technology from its initial stages in the laboratory to applicable business solutions, which in turn promotes sustainable economic development in the region through jobs, revenue, and overall business growth.

    The Virginia Tech Corporate Research Park currently houses over 140 high-tech companies and research centers that employ more than 2,200 people in 27 buildings. A Phase II build-out is planned for the park, adding 28 buildings totaling 950,000 square-feet, and housing 3,000 employees over the next decade. The park is adjacent to the Virginia Tech campus in Blacksburg, Virginia.

    Check out the link below for more information on the 2010 Award of Excellence and a video about the Virginia Tech Corporate Research Park:

    The 2010 Award of Excellence

     

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    From Rebuild to Reopen

    Monday, 23 May 2011 08:24 by Info@YesVirginia.org

    During the month of April, the South was devastated after hundreds of tornados tore through the region.  Homes and businesses were damaged and even destroyed, leaving those affected with little to do but pick up the pieces.

    In the face of such destruction, it’s difficult to see the light at the end of the tunnel—and for many—getting back on their feet could take months.  So when we heard the news that Utility Trailer Manufacturing Company was already reopening their manufacturing facility in Washington County, we were thrilled.

    Utility’s dry van plant was struck by a tornado on April 28,th leaving considerable damage to the roof and building, but fortunately sparing the company’s 340 employees.  The plant manufactures Utility’s 4000D and 4000D-X Composite™ dry van trailers and it was a priority to get the facility up and running after the storm. Utility’s President, Harold Bennett praised employees and contractors saying, “[they] have done a masterful job of clean-up, debris removal, clearing damaged inventory, and helping the community rebuild what was lost from the tornado devastation.”  He went on to say, “the committed effort by Utility employees at cleaning up and restarting Glade Spring reinforces [his] faith in the human spirit and people’s ability to rise above near tragedy.”

    Bennett’s praise is certainly not news to us here in Virginia. Our workforce is continually lauded by companies as hard-working, highly-skilled and educated, and diverse in their abilities and skill-sets. And as Virginians, we know that our workers aren’t just ready to perform the tasks at hand, they are also invested in their communities and in the lives of fellow citizens. So while disaster is never welcome, our workforce— one of Virginia’s biggest assets—continues to prove that they are the backbone of successful industry.

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    The Big Apple

    Monday, 23 May 2011 08:21 by Info@YesVirginia.org

    Last Tuesday, Governor Bob McDonnell and members of the Virginia Economic Development Partnership traveled to the Big Apple to promote the Commonwealth.  A short, but busy one-day marketing trip, the Governor met with corporate partners throughout the morning and hosted a luncheon for business representatives and consultants from the greater New York area.  Following the luncheon, the Governor headed to NASDAQ to preside over the day’s closing ceremony and spoke from the floor with Bloomberg Business Week and Cavuto from Fox News.  Check out some of the photos from the day.

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    We're wired up!

    Friday, 22 April 2011 13:34 by Info@YesVirginia.org

    A new industry sector continues to gain momentum here in Virginia and we’re not the only ones spreading the word. Southern Business & Development magazine ranked three Virginia data center sites in their winter 2011 “Ten Best Data Sites in the South” list. Scott County Regional Business and Technology Park in Duffield, Quality Technology Services in Richmond and GigaParks in southern Virginia all made the cut.

    IT operations are an essential aspect of most companies’ operations today, and maintaining a functional data center is crucial to continuing business success. Virginia’s multiple data center locations offer an array of necessary resources to meet the increasing demand for these sites.  From existing infrastructure to ready-to-develop sites, Virginia has locations across the state- both in close proximity to Washington D.C. as well as throughout rural southern Virginia. In fact, Southern Business & Development said, “Southern Virginia is so wired up that we really couldn’t pick a specific site in that part of the state as one of our best data center sites simply because there are so many of them."

    InAugust 2010, Microsoft Corp. announced their plans to open a $499 million next generation data center at one of these sites in southern Virginia. The largest investment in southern Virginia history, this project in Mecklenburg County demonstrates Virginia’s commitment to meeting the needs of businesses through a continual development of state-of-the-art infrastructure.

    As data centers continue to be a buzz word across the south, you can count on Virginia to remain a front runner in providing top-notch data center sites in a pro-business environment.

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    VEDP VALET Graduate Receives Prestigious National Award

    Tuesday, 4 January 2011 10:18 by Info@YesVirginia.org

    SteelMaster Buildings, LLC of Virginia Beach has been honored with the Growth Through Global Trade Award, a prestigious national award created by UPS in support of the National Export Initiative. SteelMaster Buildings, which recently completed VEDP’s Virginia Leaders in Export Trade (VALET) program, was the only company in the entire United States to receive the award.

    Recognizing that 95 percent of the world’s consumers live outside of the U.S., SteelMaster Buildings began to develop an international sales strategy five years ago. The company added a multilingual employee to work with its sales team. In July 2007, SteelMaster Buildings joined VEDP’s VALET program and began implementing its international sales strategy.

    VEDP's VALET program incorporates services from a team of experienced international service providers who assist the VALET companies with their international goals. Service providers such as attorneys, Web designers, bankers, translators and freight-forwarders contribute essential skills for expansion into international markets.

    When SteelMaster joined the program, the company’s international network consisted of four representatives. In less than two years, SteelMaster Buildings’ network grew to more than 40 representatives. Today, the Virginia company has more than 40,000 buildings worldwide in more than 40 countries and on six continents. SteelMaster Buildings graduated from the VALET program in July 2009 and continues to work with VEDP’s International Trade team to reach new goals of establishing relationships in Latin America, Eastern Europe, and China.

    Read the article about SteelMaster Buildings’ success. For more information about VEDP and the VALET program, e-mail Leslie Parpart at lparpart@yesvirginia.org or Oscar Ruiz at oruiz@yesvirginia.org.

    Preparing Virginia's Future Engineers

    Wednesday, 29 December 2010 15:16 by Info@YesVirginia.org

    The Commonwealth Graduate Engineering Program is a long-standing program that has demonstrated Virginia's higher education partnerships for many years. It continues to support the workforce needs of significant advanced manufacturing employers in the Commonwealth. This article is worth the short read.

    A Rolls-Royce Style Celebration

    Monday, 19 October 2009 15:37 by Info@YesVirginia.org

    It’s not unusual for companies to recognize their customers at milestone celebrations.

    It’s not even that atypical to give customers some podium time.

    But when the customer is the United States Marine Corps, and they arrive at a Rolls-Royce North America event in a Bell-Boeing V-22 Osprey, a multi-mission, military tiltrotor aircraft powered by a Rolls-Royce engine, that’s a bit out of the ordinary.

    Not one—but two—40,000-pound V-22s appeared from out of nowhere this morning to usher in construction of Rolls-Royce North America’s first U.S. built-from-the-ground-up manufacturing facility in Prince George County, Virginia. Located on more than 1,000 acres, Crosspointe is the company’s largest site by area in North America, where Rolls-Royce will manufacture, assemble and test a range of aerospace components and products. Initial Rolls-Royce investment is $170 million, with a project total anticipated to be about $500 million. The first phase of work will create about 140 jobs, and Rolls-Royce expects to hire a total of 500 workers before all is said and done. The project was announced in November 2007.

    Instead of the typical shovel-piercing-ground ceremony, Rolls-Royce North America CEO Jim Guyette and Virginia Governor Tim Kaine hoisted two flags—one bearing the Rolls-Royce logo and the other symbolizing the Commonwealth of Virginia—with help from none other than the Marines themselves.

     

     V22 Osprey Lands in Prince George County

     

    Governor Kaine attends ground breaking

    We Blow a Lot of Hot Air

    Monday, 14 September 2009 09:33 by Info@YesVirginia.org
    Halifax County Industrial Development Authority recently announced it has received a $427,500 grant to complete Phase III renovations on the Southern Virginia Advanced Manufacturing Center...

    Halifax County Industrial Development Authority recently announced it has received a $427,500 grant to complete Phase III renovations on the Southern Virginia Advanced Manufacturing Center.

    SVAMC is located in South Boston, Va., at the former Daystrom Furniture manufacturing plant. Halifax County purchased the facility three years ago, which includes 34 acres and three buildings totaling 430,000 square feet. 

    The county has been renovating the site, originally established in the 1960s, and recently added a new, more energy-efficient roof. Phase III renovations will extend natural gas to the site through a collaboration with Columbia Gas of Virginia.

    The goal of the project is to provide a manufacturing ecosystem that will draw multiple companies to the area, as well as jobs and investment. The facility will include both advanced manufacturing and hands-on workforce training space for multiple tenants. It is expected to be ready in early 2015.

    VEDP helped Halifax County identify the grant from the U.S. Community Advancement and Improvement Program. Matt Leonard, executive director of the Halifax County IDA, emphasized the importance of the funding for the region, commenting, “The USCAIP grant provides benefits beyond its dollar value.”

    Advanced manufacturing continues to be a mainstay of Virginia’s economy, with 5,600 manufacturers employing almost 231,000 workers. To learn why manufacturing companies have invested more than $13.7 billion in the Commonwealth over the last 10 years, click here.

    A rendering of the Southern Virginia Advanced Manufacturing Center in South Boston, Va. Photo courtesy of Halifax County Industrial Development Authority.

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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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