Big R Bridge Announces First Virginia Location in Washington County

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

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

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

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

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

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

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

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
YesVirginia Business Blog | All posts tagged 'metro silver line extension'

Leading Global Satellite Services Provider Intelsat Moves Headquarters to Virginia

Tuesday, 11 December 2012 12:30 by Info@YesVirginia.org
At an event overlooking the site for the company’s new headquarters building in Tysons Corner, Va., Governor McDonnell announced Intelsat will move its U.S. headquarters from Washington, D.C., to Fairfax County in 2014. The project will bring at least 430 jobs and an investment of more than $24 million in leasehold improvements to Northern Virginia...

At an event overlooking the site for the company’s new headquarters building in Tysons Corner, Va., Governor McDonnell announced Intelsat will move its U.S. headquarters from Washington, D.C., to Fairfax County in 2014. The project will bring at least 430 jobs and an investment of more than $24 million in leasehold improvements to Northern Virginia.

With plans to lease 188,000 square feet, Intelsat will be the anchor tenant at Tysons Tower, a new, 20-story office building being developed by Macerich as part of a three tower, mixed-use project at Tysons Corner Center. 

The state-of-the-art tower will be the tallest building in Tysons Corner, offering Intelsat employees panoramic views of Northern Virginia, a modern workspace, prime access to the amenities of Tysons Corner, and direct connection to the Capital Beltway and planned extension of the Metro Silver Line.

In addition, close proximity to Washington Dulles International Airport gives the Luxembourg-based company access to 80 percent of the world’s economies.

As the world’s leading provider of satellite services, Intelsat has delivered information to leading media companies, multinational corporations, Internet Service Providers and government agencies for more than 45 years. 

Intelsat’s new headquarters location in Fairfax County is not only aligned with its growing customer base, but it also offers access to a strong pipeline of highly-skilled workers. According to Cyberstates 2011, Virginia has the highest concentration of high-tech workers.

To learn why global leaders continue to select Virginia as an environment that reflects their innovative culture, click here.

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Check out VEDP’s Ad for the UCI Road World Championships on NBC Sports

Tuesday, 22 September 2015 16:41 by Info@YesVirginia.org
As many of you are already aware, the 2015 UCI Road World Championship cycling event is taking place in Richmond this week. Excitement has built around the event, which is returning to the U.S. for the first time in nearly 30 years...

As many of you are already aware, the 2015 UCI Road World Championship cycling event is taking place in Richmond this week.

Excitement has built around the event, which is returning to the U.S. for the first time in nearly 30 years. It is a huge coup for Richmond to have been selected as the host city and furthers its reputation as a global destination. The championships are held annually in an international city chosen by the Union Cycliste Internationale through a competitive bidding process.

With 450,000 spectators expected to watch the race onsite and a TV audience in the hundreds of millions, this is certainly a tremendous opportunity to represent Virginia on the world stage. 

The Virginia Tourism Corp. has partnered with Richmond 2015, the organizer of the nine-day event, and will air 500 30-second commercials across U.S. domestic television broadcasts during the event. As part of Virginia's sponsorship, VEDP received a portion of these spots and produced a new commercial tailored to the UCI event that is airing on NBC Sports Network during the race this week.

VEDP worked with Richmond companies Elevation Advertising to create the ad and The Branching to produce it. Overcoast developed the original background track, incorporating the cycling sounds.

Richmond is fortunate to have a strong cycling culture and was able to draw upon local talent to film the ad. We’re grateful to Carytown Bicycle Company, who provided items for the shoot, and local cyclist John Eiler, who rides for Team Carytown Bicycle Company and appears in the commercial.

Sports commentators have already remarked on the beauty of the city and the diverse and challenging courses that Richmond offers to competitors.

To learn why Virginia is a great place to live, work and play, click here. Check out our TV ad below.

CCAM Graduates First Class of Transitioning Military and Veteran Training Students

Tuesday, 15 September 2015 14:58 by Info@YesVirginia.org
The Commonwealth Center for Advanced Manufacturing recently celebrated the graduation of its first class from the Transitioning Military and Veteran Training Program. This initiative provides advanced manufacturing and precision machining training for active duty and veteran soldiers preparing to enter the civilian workforce...

The Commonwealth Center for Advanced Manufacturing recently celebrated the graduation of its first class from the Transitioning Military and Veteran Training Program. This initiative provides advanced manufacturing and precision machining training for active duty and veteran soldiers preparing to enter the civilian workforce.

The program was developed through a collaboration among CCAM, the Virginia Tobacco Region Revitalization Commission, the Southern Virginia Higher Education Center, Southside Virginia Community College, the Crater Regional Workforce Investment Board, the Virginia Employment Commission, 180 Skills and the Fort Lee Soldier for Life – Transition Assistance Program.

Fort Lee’s Soldier for Life program identified a group of transitioning soldiers to participate in the inaugural class. This gave the soldiers the opportunity to receive training, free-of-charge, during the last few months of their enlistment to prepare them to quickly begin a civilian career.

Training took place at SVCC’s Emporia Center and included 162 modules of interactive, online learning and 300+ hours of hands-on training. Instructors were provided by SVCC and SVHEC.

The eight graduates received a Machining Skills Certificate from SVCC and five industry credentials, including OSHA 10 and 4 NIMS (National Institute of Metalworking Skills) certifications.

Employers in the region, including Enclos Inc., Jewett Machine Inc., Richmond Tooling Inc., Rolls-Royce, Coesia North America and Kosmo Machine Inc. actively supported the program by participating in the curriculum design and visiting and mentoring students along the way.

All eight graduates have received job offers. 

“The motivation of the students and employers made this first class a success,” said CCAM Director of Workforce Development Bruce Sobczak. “Driven by feedback from local employers, we’re currently looking at expanding the curriculum to include industrial maintenance technician and industrial CAD drafter certifications, as well as adding a location to serve the military workforce in the Hampton Roads region.”

To learn more about the Transitioning Military and Veteran Training Program, contact Bruce Sobczak at bruce.sobczak@ccam-va.com.

More than 18,000 people exit Virginia military bases each year and enter the civilian workplace. This initiative is another shining example of the public-private partnerships that keep Virginia’s workforce at the top of their game. To learn more, click here.

The Transitioning Military and Veteran Training Program students celebrate their graduation with CCAM’s Bruce Sobczak (center) and their Fort Lee program managers (in uniform). Photo courtesy of CCAM.

McKee Foods Celebrates 25 Years in Virginia

Wednesday, 26 August 2015 16:14 by Info@YesVirginia.org
McKee Foods recently celebrated the 25th anniversary of its Stuarts Draft manufacturing facility in Augusta County, Va. McKee Foods is known for its Little Debbie® line of snack cakes. The family business has grown from a five-person bakery in the 1930’s to America’s No. 1 brand of snack cakes...

McKee Foods recently celebrated the 25th anniversary of its Stuarts Draft manufacturing facility in Augusta County, Va.

McKee Foods is known for its Little Debbie® line of snack cakes. The family business has grown from a five-person bakery in the 1930’s to America’s No. 1 brand of snack cakes.

The Stuarts Draft plant is one of the most advanced facilities in the baking industry. The company established the bakery in 1990 to produce oatmeal crème pies, honey buns and other bakery products.

The company’s most recent announcement in October 2014 included a $34 million investment and 54 new jobs to expand the facility.

McKee Foods employs more than 1,000 people and is the largest manufacturing employer in Augusta County. The company frequently credits the high productivity of its Virginia workforce as paramount to its success.

"We have found our Virginia workforce to be some of the most loyal and highly-skilled employees in the industry — and about 85 members of our Virginia workforce have been at the plant since it opened," said McKee Foods President and CEO Mike McKee.

In addition to a strong manufacturing workforce, Virginia provides McKee Foods with a strategic location, offering easy access to the company’s Northeastern and Canadian customers. Located in the beautiful Shenandoah Valley, the Stuarts Draft location offers McKee employees a high quality of life with close proximity to the Blue Ridge Parkway, Appalachian Trail and numerous national parks.

To learn why more than 580 leading food and beverage companies, like McKee Foods, have chosen to locate in Virginia, click here.

Representatives from McKee Foods, Augusta County and VEDP celebrate the company’s 25th anniversary in Stuarts Draft, Va. Photo courtesy of McKee Foods Corp.

Virginia Receives an “A” for Small Business Friendliness

Tuesday, 18 August 2015 14:39 by Info@YesVirginia.org
Virginia received an A for overall friendliness on Thumbtack.com’s fourth annual Small Business Friendliness Survey. Virginia was the highest ranked state in the Mid-Atlantic and top 10 nationwide. Nearby competitors Maryland received a D+ and North Carolina a B-...

Virginia received an A for overall friendliness on Thumbtack.com’s fourth annual Small Business Friendliness Survey. Virginia was the highest ranked state in the Mid-Atlantic and top 10 nationwide. Nearby competitors Maryland received a D+ and North Carolina a B-.

Thumbtack.com surveyed 17,633 small businesses across the U.S. with 36 questions to evaluate the friendliness of state and local policies toward small businesses on more than a dozen metrics.

Highlights for the Commonwealth include an A+ for ease of starting a business, licensing regulations and environmental factors.   

“Small business owners on Thumbtack have consistently told us that they welcome support from their governments but are frequently frustrated by unnecessary bureaucratic obstacles,” said Jon Lieber, chief economist of Thumbtack.com. “Virginia's policies that support entrepreneurs could provide a helpful guide as we fight a general decline in business startups nationwide.”

“There is an excellent climate for small business in Virginia,” commented a translator and professor in Roanoke. “It is a great place to start and run a business because the state offers support, networking, referral and community enthusiasm.”

Richmond was ranked the No. 3 friendliest city in the U.S. and received an A+.

The survey results once again illustrate that Virginia is a great place for entrepreneurs to start and grow a business. To learn more about the Commonwealth’s pro-business policies, strategic location, competitive operating costs, leading research institutions and highly educated workforce, click here.

Image courtesy of Thumbtack.com

Classes Commence at the Southern Virginia Higher Education Center’s IT Academy

Thursday, 13 August 2015 13:32 by Info@YesVirginia.org
Classes start this Monday, August 17, at the Southern Virginia Higher Education Center’s IT Academy. The IT Academy offers a fast track for students to gain the knowledge and credentials to quickly obtain employment in the technology sector...

Classes start this Monday, August 17, at the Southern Virginia Higher Education Center’s IT Academy.

The IT Academy offers a fast track for students to gain the knowledge and credentials to quickly obtain employment in the technology sector.

Seventeen students are enrolled in the first cohort, with classes scheduled Monday – Thursday evenings over a four month period. Afterwards, students can test for the Computing Technology Industry Association A+, Network+ and Server+ certifications. SVHEC is a member of the CompTIA Authorized Partner Program. 

Classes will take place in the newly renovated, 5,013-square-foot lab at SVHEC in South Boston, Va. The lab includes a data center, hardware repair center, computer-based classroom and conference area to closely approximate a real-world environment.

“We are seeing what I call a market correction in education with an increasing emphasis on students earning third-party credentials. The hands-on, intensive nature of the program allows students to quickly learn the skills they need to be successful in the workplace. Initiatives like the IT Academy are critical to closing the skills gap and preparing the region with skilled workers needed for jobs available right here, right now,” said Dr. Betty Adams, executive director of the SVHEC.

SVHEC and its partners initially designed the academy’s core curriculum around the three certifications and will develop advanced training based on needs and recommendations from major employers in the region. SVHEC worked closely with the Mid-Atlantic Broadband Cooperative, ATOS/Microsoft and HP to launch the academy.

The academy was announced in September 2014 after the Virginia Tobacco Indemnification & Community Revitalization Commission approved grant funding. Governor McAuliffe gave the keynote address at the ribbon-cutting ceremony this June.

To learn more about the program or sign up for the next cohort in June, visit http://www.svhec.org/ita.

The SVHEC IT Academy is another example of the cutting-edge training programs available across the Commonwealth. To learn how Virginia’s workforce can be the advantage for your business, click here.

Governor McAuliffe, Secretary Maurice Jones and SVHEC Executive Director Dr. Betty Adams join members of SVHEC and local officials at the IT Academy ribbon-cutting ceremony in June. Photo courtesy of SVHEC/Drew Morris.

VEDP’s Dan Gundersen to Speak at White House Forum on Economic Development

Wednesday, 29 July 2015 16:00 by Info@YesVirginia.org
VEDP’s COO Dan Gundersen was selected to speak at the fourth annual White House Forum on Economic Development hosted by the International Economic Development Council and SelectUSA...

VEDP’s COO Dan Gundersen was selected to speak at the fourth annual White House Forum on Economic Development hosted by the International Economic Development Council and SelectUSA.

This one-day summit allows a select group of economic development leaders from around the country to directly engage with senior members of the Obama Administration on topics with the greatest potential to impact job creation, such as infrastructure development, international trade and attraction, and manufacturing.

Gundersen will participate on a four-person panel entitled “Targeting and Landing Prospects:  Best Practices in International Attraction,” moderated by Peggy Philbin, Deputy Executive Director and Chief Operating Officer of SelectUSA. He is the only state representative and will be joined by regional economic developers from Phoenix, Minneapolis/St. Paul and southeastern Michigan.

Gundersen will highlight Virginia’s presence around the globe, the Governor’s missions and recent successes of the VEDP team. 

“The White House Forum is a tremendous opportunity to meet with senior officials and discuss ways in which federal, state and local groups can work together to advance economic development and job creation. It’s an honor to be included with such a distinguished group to discuss the challenges facing our nation and the opportunity to broaden our message globally that the U.S. is a great location for business and investment,” said Gundersen.

Virginia will be well-represented as Barry Matherly, President and CEO of the Greater Richmond Partnership, was selected to moderate a panel on the next generation of manufacturing. Matherly also serves as the Vice Chair of the IEDC.

To learn more about Virginia’s unique combination of resources and why more than 700 international companies have chosen to call the Commonwealth home, click here.

RaesWear — Pouch Pants that Solve the Storage Problem

Thursday, 23 July 2015 16:49 by Info@YesVirginia.org
When entrepreneur Leigh Cockram was traveling on business in the summer of 2012, she struggled to find a way to store her hotel key, money and phone while going for a run. She thought, “There’s gotta be a better way,” so she created one...

When entrepreneur Leigh Cockram was traveling on business in the summer of 2012, she struggled to find a way to store her hotel key, money and phone while going for a run. She thought, “There’s gotta be a better way,” so she created one.

The RaesWear concept includes a patented design with a front and back pocket along the entire length of the waistband. The runner uses one of two access points on the front and back to stow a variety of gear, without the fear that it will slip out or pull on their shorts or tights.

The company was named after Leigh’s grandfather, Ray, who was a gunner in the Army Air Corp. during World War II. Rae became a family name passed down to future generations and was a nice pun on race wear, while honoring the legacy of service established by her grandfather.

Leigh began making prototypes herself in 2012, and was directed by The Launch Place to a designer in North Carolina to make additional samples. Realizing she wanted to work closer to home and manufacture the products in Virginia, Leigh connected with Mollie’s Originals in Martinsville in 2014, and they have been manufacturing the products ever since.

RaesWear began with one pair of running tights and has grown to 13 products, including shorts, skorts, capris, tights and pants. While initially designed for athletes, customers are using the clothes for both exercise and throughout the day.

The company’s website at www.RaesWear.com was launched in December 2014, and products are sold online and at Mollie’s Originals. Leigh and her husband have used grass roots efforts, from social media YouTube videos, to appearances at marathon expos, to get the word out. They plan to start a paid advertising campaign shortly. 

They have also received requests to develop a product for men, and are currently working on a menswear line.

In true entrepreneurial fashion, Leigh has kept her day job and works on RaesWear at night and on the weekends from her home. Her husband has transitioned to support RaesWear full-time. 

“The best analogy I can give for running a business is being pregnant. You’re excited and nervous and you stay up at night wondering if things will be okay. And then you have your baby and it’s wonderful, but you’re always stressed and going through peaks and valleys, wondering if you’re doing the right things to make your child a success. It’s a true roller coaster, but very rewarding to take an idea from concept to reality all on our own,” said Leigh Cockram.

RaesWear is another strong example of the innovation and creativity of Virginia entrepreneurs. To learn why the Commonwealth is a great location to grow a business, click here.

Leigh Cockram, RaesWear owner, stands next to a display of her company’s pocketed athletic products at Mollie’s Originals in Martinsville, Va. Photo courtesy of Leigh Cockram.

Wise, Virginia is Home to First FAA Approved Drone Delivery of Medical Supplies in the U.S.

Friday, 17 July 2015 15:18 by Info@YesVirginia.org
Today’s event, called Let’s Fly Wisely, is the first FAA approved delivery of medical supplies by drone in the U.S...

Today’s event, called Let’s Fly Wisely, marked the first FAA approved delivery of medical supplies by drone in the U.S.

This research mission was overseen by the Mid-Atlantic Aviation Partnership, one of only six groups across the U.S. that won FAA approval to conduct Unmanned Aerial System research at sites across Virginia, New Jersey and Maryland. MAPP is headquartered at Virginia Tech’s Institute of Critical Technology and Applied Sciences.

The mission began when NASA Langley Research Center flew about twenty prescriptions from Tazewell County Airport to the Lonesome Pine Airport in Wise, Va., in an SR22 aircraft. The plane was operated remotely, but had a pilot on board for backup and safety purposes.

The prescriptions were then transferred into smaller packages, flown in 10-pound drones provided by Australian company Flirtey Inc. and delivered to the Remote Area Medical tent at the Wise County Fairgrounds. Remote Area Medical has served the people of Wise County for more than 15 years.

This project demonstrates one of the humanitarian outcomes of UAS technology could include delivery of medical supplies to underserved or remote areas.

Flirtey Inc. Founder and CEO Matt Sweeney called this a “Kitty Hawk moment” for Wise County and the UAS industry.

The success of this event and its location in the Commonwealth furthers Virginia’s leadership position in the aerospace industry. To learn why more than 260 aerospace companies have chosen to operate in Virginia, click here.

Governor McAuliffe holds one of the first medical prescriptions delivered by drone in the U.S. at the Let’s Fly Wisely event in Wise, Va. Photo courtesy of Virginia Tech College of Engineering.

Virginia’s Colleges and Universities Make Another Strong Showing on MONEY’s Best Colleges List

Tuesday, 14 July 2015 17:16 by Info@YesVirginia.org
Once again, Virginia’s higher education institutions made a strong showing on MONEY Magazine’s 2015 Best Colleges List...

Once again, Virginia’s higher education institutions made a strong showing on MONEY Magazine’s 2015 Best Colleges List

10 Virginia institutions made the Top 200 overall:  University of Virginia (No. 17), Washington and Lee University (No. 24), Virginia Military Institute (No. 48), Virginia Tech (also tied at No. 48), James Madison University (No. 59), College of William and Mary (No. 75), University of Richmond (No. 105), University of Mary Washington (No. 119), George Mason University (No. 127), and Hampden-Sydney College (No. 157).

The Commonwealth had seven schools make the Top 50 Best Public Colleges list:  UVA was No. 4, Virginia Tech and VMI both tied for No. 15, JMU tied with another school for No. 19, College of William and Mary was in a three-way tie for No. 26, University of Mary Washington tied with another school for No. 42, and GMU rounded out the list in a three-way tie for No. 47.

Virginia also had strong results in the Top 50 Best Liberal Arts Colleges list with four schools:  Washington and Lee was No. 4, VMI was No. 10, University of Richmond tied with another school for No. 26, and Hampden-Sydney College was No. 38.  

Bridgewater College was counted among the Top 50 Most Affordable Private Colleges and Hampton University was included in the Top 50 Colleges That Add the Most Value list.

The editors at MONEY Magazine only included the 736 schools with an above-median graduation rate from the list of 1,500 four-year colleges and universities in the U.S. The schools were then ranked on 21 factors falling into the three categories of quality of education, affordability and outcomes.

Virginia’s world-class education system is currently serving more than 575,000 students who will provide a steady pipeline to support the Commonwealth’s current industry needs. To learn why Virginia’s higher education institutions continue to be highly ranked, click here.

A view of The Rotunda at University of Virginia, ranked No. 4 on MONEY Magazine’s Top 50 Best Public Colleges list for 2015. Photo courtesy of Virginia Tourism Corp.

University of Mary Washington’s Convergence Center Joins Learning and Technology

Tuesday, 30 June 2015 16:39 by Info@YesVirginia.org
The University of Mary Washington’s energetic new learning facility, the Information and Technology Convergence Center, was completed fall 2014...

The University of Mary Washington’s energetic new learning facility, the Information and Technology Convergence Center, was completed fall 2014.

This technology-rich, four-story building offers UMW students and faculty a “commons” space that includes a digital auditorium, 10 conference rooms, four high-tech classrooms, audio/video production space, and multiple collaboration, study and meeting spaces through an open design. It also houses UMW’s speaking and writing centers, along with a café.

Visitors are greeted by a multi-story media wall in the atrium that uses laser phosphor display technology to showcase student work. The digital gallery on the third floor also features student artwork on interactive touchscreens.

The Convergence Center houses a production studio with a 180 degree green screen, high definition cameras, teleprompters, a control room and an audio recording booth. The multimedia editing lab has five iMacs loaded with a full suite of A/V editing software so students obtain real-world experience.

The center also holds a two-story digital auditorium that can seat 150 people for classes, lectures or performances. The auditorium has three screens and a full theatrical lighting system. It also opens up into a lobby and garden that can be used to host events holding up to 300 people.

Sprinkled throughout the center are collaboration spaces and conference rooms that have conferencing capabilities, projectors and flat-panel displays. There is even an incubator classroom that allows professors to experiment with the latest technology. The modular design is complemented by high definition projectors, cameras, flat screen displays and wireless microphones.

UMW’s Convergence Center has become a central gathering place for students to learn and engage with their schoolwork in an interactive, high-tech environment. It is another example of the state-of-the-art technology Virginia’s higher education institutions are using to train the 21st century workforce. To learn more about the Commonwealth’s premier educational offerings, click here.

VEDP gets a tour of the digital auditorium at UMW’s Information and Technology Convergence Center.

Virginia Western Community College Offers Cutting-Edge Mechatronics Training

Monday, 22 June 2015 15:07 by Info@YesVirginia.org
Mechatronics is a growing interdisciplinary field that incorporates mechanical and electrical engineering with computer science and looks at industrial operations from a system-wide perspective...

Mechatronics is a growing interdisciplinary field that incorporates mechanical and electrical engineering with computer science and looks at industrial operations from a system-wide perspective.

Students in this field become well-versed in electro-mechanics, computers, digital control systems, robotics and mechanical CAD, and go on to pursue careers in the automotive, aerospace, defense, consumer and manufacturing industries.

Virginia Western Community College offers three programs in mechatronics. First, students can earn a certificate that will allow them to take Level 1 of the Siemens Mechatronic Systems Certification Program. Second, students earning a two-year associate degree can sit for Level 2 of the Siemens certification. And, third, students completing the two-year program who go on to a university and earn a four-year degree can sit for Level 3 of the Siemens certification.

The Siemens Mechatronic Systems Certification is an industry standard with worldwide recognition allowing students to illustrate to employers that they are qualified and ready to work as technicians. The college began offering mechatronics courses in 2008, and now has 100 students in the program.

VWCC is one of only 35 colleges in the world that offers a certified Siemens Mechatronics program.

VWCC is actively engaged with high school students in the area. Through The Regional Academy for Advanced Technology it offers both engineering and mechatronics training for high school juniors and seniors interested in a STEM (science, technology, engineering and math) career. Currently, about 250 students are enrolled in The Regional Academy.

VWCC maintains an active dialogue with companies in the Roanoke Valley to ensure its training closely aligns with industry requirements. They have held two annual manufacturing summits where faculty meet with employers in the area to better understand their needs. Regional employers have also made commitments to mentor students and donate lab equipment.

“The goal of the mechatronics program at Virginia Western is to prepare students with globally, in-demand skills through local engagement to be well-educated, work-ready engineering technicians,” said Professor Dan Horine, Mechatronics Program Head at VWCC.

VWCC is a great example of the cutting-edge STEM education available through Virginia’s 23-member community college system. To learn how Virginia’s higher education institutions are preparing the workforce of tomorrow, click here.

VWCC mechatronics students commission the FESTO Modular Production System at one of the labs in the School of Science, Technology, Engineering and Mathematics.

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

MAAP Unmanned Aerial Test Site at Virginia Tech Declared Fully Operational by FAA

Monday, 18 August 2014 15:57 by Info@YesVirginia.org
Last week, a group of government, academic and business leaders gathered at Virginia Tech’s Transportation Institute to celebrate the FAA declaring the Mid-Atlantic Aviation Partnership’s Unmanned Aircraft Systems test site program fully operational...

Last week, a group of government, academic and business leaders gathered at Virginia Tech’s Transportation Institute to celebrate the FAA declaring the Mid-Atlantic Aviation Partnership’s Unmanned Aircraft Systems test site program fully operational.

In December 2013, the FAA announced that Virginia Tech was selected as one of six test sites across the country to conduct research as part of an initiative to establish safety standards for integrating UAS, such as drones, with commercial aircrafts.

Virginia Tech led the submission of a joint proposal for Virginia, New Jersey and Maryland, along with Rutgers University and the University of Maryland, called the Mid-Atlantic Aviation Partnership. MAAP is headquartered at Virginia Tech’s Institute of Critical Technology and Applied Sciences, with test sites located across Virginia, New Jersey and Maryland.

The ceremony included a simulation flight involving an unmanned, multi-rotor helicopter called the Smart Road Flyer. It was modified for transportation research by Dr. Kevin Kochersberger, a professor with the College of Engineering and the Virginia Center for Autonomous Systems, and engineering students from the Unmanned Systems Laboratory at Virginia Tech. The simulation gathered information from a mock accident scene on an interstate highway.

This scenario illustrates the wide-ranging future capabilities of UAS. Potential uses of this technology include disaster response, search and rescue missions, utility and pipeline inspections, agricultural monitoring, wildlife management, cargo delivery and weather observation.

This is another win for Virginia’s burgeoning aerospace industry. With flights to the International Space Station taking off from MARS/NASA Wallops Flight Facility and UAS launched from MAAP at Virginia Tech, the Commonwealth has the assets to stake its claim as a national aerospace leader. 

To learn why more than 250 aerospace companies have chosen to call Virginia home, click here.

Dr. Kevin Kochersberger (right) describes a UAS simulation flight at the Virginia Tech Transportation Institute during the MAAP First Flight Ceremony. University President Timothy Sands, Virginia Delegate Joseph Yost, Governor Terry McAuliffe, and MAAP Executive Director Rose Mooney (left to right) discuss the future of unmanned and autonomous aviation at the event. Photo Courtesy of Virginia Tech.

Get to Know VEDP’s NEW COO Dan Gundersen

Wednesday, 13 August 2014 13:21 by Info@YesVirginia.org
Dan Gundersen joined VEDP as Chief Operating Officer this May, where his focus is on running the day-to-day operations of VEDP. Dan’s full profile is available in the summer issue of Commerce Quarterly. To help you get to know Dan, here’s an interview we recently did to see how his first few months are going...

Dan Gundersen joined VEDP as Chief Operating Officer this May, where his focus is on running the day-to-day operations of VEDP. Dan’s full profile is available in the summer issue of Commerce Quarterly

To help you get to know Dan, here’s an interview we recently did to see how his first few months are going.

Q:  What has your first 75 days been like?

A:  It’s been focused entirely on the internal operations of VEDP. For many years now, VEDP has operated as a flat organization with the different department heads reporting directly to the CEO. With the recent reorganization and refocusing of VEDP’s initiatives, it became clear that there was a need for a coordinating role to help bring the operations into better alignment and to provide a more targeted and strategic focus for our efforts. And that’s really what my job is all about.

Q:  What specifically have you focused on?

A:  Performance metrics for the economic development profession has been something that I’ve focused on for years now. I’ve served on the board of the International Economic Development Council for a long time and have championed this cause. Recently I co-chaired the first ever performance metric analysis for the economic development profession with the IEDC called Making It Count:  Metrics for High Performing EDOs. The goal there was to be able to identify those metrics that can help us better tell the story of what we do and why we do it. Today it’s not just about jobs created and leveraging public sector dollars. The IEDC report provides more than 200 new measures that economic development groups can use. We’re taking a couple pages out of that book to help VEDP better describe the impact of its work. At the September VEDP board meeting we will introduce several new metrics to be able to assess our progress.

Q:  What does VEDP do really well?

A: In one word — deals. Martin Briley has an incredible ability to focus on the deal pipeline and knows the nuances of every single deal inside and out. He’s living and breathing our Salesforce database, and I think that has helped drive productivity to a very high level. 

Of course, exceeding goals is possible only if you have really good talent among staff, terrific esprit de corps, effective partnerships, and an incredible devotion to what I would call a “cause.” VEDP staff represents one of the most committed organizations that I’ve ever had the privilege of working for. In a way, that makes my job so much easier.

Q:  What challenges do you see ahead?

A:  The world of economic development is changing so quickly and we’re expected to be so many things to so many people. One of our biggest challenges is going to be keeping our focus on those things that we do well, while also being a thought leader and an advocate for the business community, a catalyst for launching new ideas, and even at times a broker of resources for others so that together we can bring about greater economic gain for the state. That’s why it’s important that VEDP develop its own strategic operating plan that builds on regional assets and that aligns seamlessly with the overall economic strategy that the Administration will be producing later this year. Right now, that’s probably my top priority.

Q:  Where are you focusing your efforts for FY15?

A:  The new strategic operating plan will highlight a few areas where we believe we can focus more of our attention and resources. One of those will be with identifying and assisting high growth firms. Research shows that high growth firms in any regional economy account for upwards of 70-80 percent of the net new jobs, and yet, these firms account for less than one percent of all business establishments. You’re going to see VEDP develop a very sophisticated strategy for making sure we are meeting the needs of these businesses better than any other state.

Another area will be an intense focus targeting foreign direct investment and assisting firms that wish to conduct trade in emerging markets around the world.

Finally, VEDP is going to be aggressively positioning itself with brand development and targeted marketing to be able to identify firms that could and should be in Virginia. It’s all about sustained and profitable growth and Virginia has all of those fundamentals to make it happen.

Keep an eye out — this fall we’ll be distributing a live podcast that Dan did for the Atlanta and St. Louis Federal Reserve Banks on the future of economic development.

Virginia Schools Rank High on the Forbes and Money Top Colleges Lists

Tuesday, 12 August 2014 09:46 by Info@YesVirginia.org
Virginia’s higher education institutions once again ranked high on the Forbes America’s Top Colleges 2014 list. Forbes partnered with the Center for College Affordability and Productivity on its seventh annual ranking.

Virginia’s higher education institutions once again ranked high on the Forbes America’s Top Colleges 2014 list. Forbes partnered with the Center for College Affordability and Productivity on its seventh annual ranking.

Three Virginia schools made the Top 25 in the Best Public Colleges category:  University of Virginia was No. 5, College of William and Mary was No. 6, and Virginia Tech was No. 23.

In the Overall category, eight Virginia colleges made the Top 200 list: Washington and Lee University (No. 33), UVA (No. 40), College of William and Mary (No. 41), University of Richmond (No. 96), Virginia Tech (No. 117), Virginia Military Institute (No. 129), Hampden-Sydney College (No. 171), and James Madison University (No. 188).

Washington and Lee University was also ranked No. 15 on the Best Liberal Arts Colleges list.

Forbes is a unique ranking because instead of focusing on the metrics of how competitive an institution is to get in to, it focuses on what students get out of college in terms of ROI. The five factors that determine the ranking include student satisfaction, post-graduate success, graduation rates, academic success and student debt.

Money also gave Virginia high marks on its Best Colleges for Your Money 2014 ranking. The Commonwealth scored well in the Best Public Colleges category with UVA at No. 3, VMI at No. 4, Virginia Tech at No. 12, JMU at No. 17 and the College of William and Mary at No. 20.

In the Overall category, 10 Virginia institutions made the Top 200:  UVA (No. 16), VMI (No. 18), Washington and Lee University (No. 39), Virginia Tech (No. 42), JMU (No. 53), College of William and Mary (No. 60), George Mason University (No. 101), University of Mary Washington (No. 107), University of Richmond (No. 120), and Hampden-Sydney College (No. 156).

Money only included schools with an above-average six-year graduation rate, and then based the ranking on a number of factors in three main categories — quality of education, affordability and outcomes.

Virginia’s substantial higher education system includes more than 100 in-state institutions that are preparing 450,000 students to enter the workforce. From large universities, to small private colleges, to the 23-member Virginia Community College System, the Commonwealth’s world-class education system stands ready to support industry demand with a strong pipeline of highly skilled workers.

To learn more about Virginia’s premier education system, click here.

A view of the Rotunda at the University of Virginia. UVA was ranked No. 3 on Money’s Best Public Colleges list. Photo courtesy of Virginia Tourism Corp.

Dream It, Do It – Virginia Hosts Seven Manufacturing Technology Camps This Summer

Thursday, 31 July 2014 14:33 by Info@YesVirginia.org
Dream It, Do It – Virginia hosted seven Manufacturing Technology Camps across the Commonwealth this summer. The camps are designed to reach out to high school students who are considering a career in manufacturing...

Dream It, Do It – Virginia hosted seven Manufacturing Technology Camps across the Commonwealth this summer. The camps are designed to reach out to high school students who are considering a career in manufacturing.       

The three-and-a-half-day camps allow students to experience all levels of production, from raw materials to finished goods. Students also participate in tours, lectures and manufacturing demonstrations where they get to see the latest in automation and robotics from Virginia’s leading manufacturers.

Students in the Manufacturing Technology Camps also participate in a competition where they work with a team to complete an assignment that involves designing, building and running a manufacturing system. During the competition, students receive training and mentoring from industry experts. Students on the winning team receive scholarships to pursue STEM education tracks.

This summer, two camps were offered at Southside Virginia Community College in Keysville, two at Lake Country Advanced Knowledge Center in South Hill, and one each at the Southern Virginia Higher Education Center in South Boston, at STIHL Inc. in Virginia Beach, and at ITAC in Chester. Halifax County posted a video from their Manufacturing Technology Camp here.

Dream It, Do It – Virginia is part of a national organization that provides access to on-the-job training and certifications to keep the existing manufacturing workforce up-to-date on the latest technology, as well as build awareness among youth about the many options and rewards a manufacturing career can offer.

The manufacturing jobs of today are very different from what manufacturing jobs in the past may have entailed. Virginia’s advanced manufacturing takes place in a clean, safe environment and requires high skill and high levels of education. Manual labor has largely been replaced with automation. An advanced manufacturing career today often involves managing the technical process to improve efficiencies and product throughput. The work is interesting and employees are rewarded with a competitive salary.

The Dream It, Do It – Virginia website provides a number of valuable tools for investigating a career in the Commonwealth’s advanced manufacturing industry. It allows students to assess their interests and skills to determine an area of focus, as well as view the educational requirements and career track for that specialty. You can also watch the recent Dream It, Do It – Virginia Third Wednesday Webinar by clicking here.

Businesses in the Commonwealth praise the experience and dedication of their Virginia workforce as one of their prime factors for success. Dream It, Do It – Virginia is one example of the many educational groups across the Commonwealth ensuring that Virginia’s workforce has the skills and training to match industry demand. To learn more, click here.

Students get hands on experience at one of the Manufacturing Technology Camps at the Southern Virginia Higher Education Center in Halifax County, Va. Photo courtesy of Halifax County Industrial Development Authority.

VSU Small Farm Outreach Program Helps Sabra Grow First Crop of Chickpeas in Virginia

Wednesday, 30 July 2014 09:05 by Info@YesVirginia.org
It’s harvest time and good news for Sabra Dipping Co. Virginia State University’s College of Agriculture is about to gather one of Virginia’s first ever crop of chickpeas...

It’s harvest time and good news for Sabra Dipping Co. Virginia State University’s College of Agriculture is about to gather one of Virginia’s first crop of chickpeas.

Sabra has partnered with VSU to research the possibility of sourcing chickpeas, the main ingredient in its top-selling hummus, closer to the company’s 49-acre campus in Chesterfield County. Sabra is the No. 1 brand of hummus in the U.S. and has established both a manufacturing operation and R&D Center of Excellence on its campus at Ruffin Mill Industrial Park in Chesterfield County.

Sabra first announced plans to establish a facility in Virginia in November 2008. Part of the company’s decision to locate in Chesterfield County was the proximity to VSU’s College of Agriculture. “During the company’s decision-making process, we arranged several meetings with the College of Agriculture to explore opportunities to grow chickpeas in Virginia and enhance the profitability of the company,” said Renee Chapline, president and CEO at Virginia Gateway Region.

Over the last two years, Sabra and VSU have implemented Dr. Harbans Bhardwaj’s chickpea research through the university’s Small Farms Outreach Program. Cliff Somerville, a VSU Small Farm Outreach agent, has worked with a number of farms across Virginia to test the growth of different varieties of chickpeas.

According to Somerville, while last year’s crops were largely a washout due to weather conditions (excessive rain) and a problem with worms, VSU and Sabra discovered that one type of chickpea seed worked well in Virginia — the “Billy Bean” variety.

This year, VSU only planted the “Billy Bean” variety and Somerville supervised one of those test sites – three acres on a farm in Halifax County.

“The plants got up to around 30 inches and it’s a good population with about 32-34 pods per stalk,” said Somerville. “It’s a successful crop. We’ve done a test run with the combine to check moisture levels, and we’re getting ready to do a full harvest in the next week or so. This will be one of the first crops of chickpeas grown in Virginia.”

The success of Virginia’s first group of chickpea crops has the potential to be a win-win for both Sabra and Virginia farmers. It would allow Sabra to shorten its supply chain and reduce risk by sourcing one of its main ingredients closer to the company’s manufacturing facility. It also would provide diversification for Virginia farmers, particularly those in the tobacco region.

To learn about Virginia’s plentiful resources, and how the Commonwealth’s higher education institutions partner with businesses to innovate, click here.

VSU Small  Farm Outreach agents Cliff Somerville and Derrick Cladd, program director William Crutchfield and cooperating farmer Mr. James Brown (left to right) examine plants in Halifax County, part of Virginia’s first successful group of chickpea crops. Photo courtesy of Virginia State University.

Richmond, Hampton Roads and Charlottesville are Top Happiest Metro Areas in the U.S.

Friday, 25 July 2014 15:53 by Info@YesVirginia.org
Richmond/Petersburg was ranked No. 1 and Hampton Roads (Norfolk/Virginia Beach/Newport News) was ranked No. 2 on the National Bureau of Economic Research list of Top 10 Happiest Metropolitan Areas with a Population Greater Than One Million. Charlottesville was ranked No. 1 as the U.S. Metropolitan Area with the Highest Reported Happiness...

Richmond/Petersburg was ranked No. 1 and Hampton Roads (Norfolk/Virginia Beach/Newport News) was ranked No. 2 on the National Bureau of Economic Research list of Top 10 Happiest Metropolitan Areas with a Population Greater Than One Million. Charlottesville was ranked No. 1 as the U.S. Metropolitan Area with the Highest Reported Happiness.

Economists at Harvard University and the University of British Columbia published a working paper called “Unhappy Cities” through the National Bureau of Economic Research. NBER is the nation’s leading nonprofit economic research organization, with more than 1,300 economics and business professors teaching across North America.

The authors of the study, Edward Glaeser, Joshua Gottlieb and Oren Ziv, used the Behavioral Risk Factor Surveillance System, a self-reported study on happiness conducted by the CDC, as their primary data source. Because the BRFSS data reports the county where a respondent lives, the authors were able to link responses with location.

They then performed a series of regression analyses to control for individual factors, such as education, income and race, to come up with an adjusted life satisfaction estimate for each MSA.

The authors discovered there is indeed a correlation between happiness and location. They also found that self-reported unhappiness is highest in declining cities, areas linked with lower levels of population and income growth.

It comes as no surprise that multiple regions in Virginia received top marks in this study. With more than 400 years of rich history, the Commonwealth offers employers and citizens an affordable cost of living, access to parks and natural resources ranging from the mountains to the ocean, and recreational opportunities from historical sites to modern sports, entertainment and cultural venues. To learn why reports like this give Virginia a top ranking on quality of life, click here.

A map of the U.S. which shows each metropolitan and rural areas' adjusted life satisfaction. Photo courtesy of the University of British Columbia.

Pollina Awards Virginia Another Top Pro-Business State Ranking

Tuesday, 15 July 2014 10:40 by Info@YesVirginia.org
Once again, Virginia received a leading ranking on Pollina Corporate Real Estate’s Top 10 Pro-Business States 2014 report. The Commonwealth was ranked fourth, taking the same slot as last year. Virginia has consistently received top marks in this report, taking one of the top two spots from 2005-2012...

Once again, Virginia received a leading ranking on Pollina Corporate Real Estate’s Top 10 Pro-Business States 2014 report.

The Commonwealth was ranked fourth, taking the same slot as last year. Virginia has consistently received top marks in this report, taking one of the top three spots from 2005-2012.

“Clearly a national leader in the 11 years of this study, no other state comes close to Virginia when it comes to being a consistent pro-business state,” said Brent Pollina, vice president of Pollina Corporate Real Estate, Inc. and co-author of the study.

Virginia was the top ranked state on the East Coast this year and has received an overall grade of “A” in each of the last five years.

“Virginia has consistently remained at the top of the list because Virginia’s state and local leaders are innovative and aggressive in attracting and retaining jobs and investment. Key to Virginia’s success is its ability to balance low taxes, a good labor force and a strong economic development program. With a Stage I rank of No. 6 and a Stage II rank of No. 3, Virginia has one of the most well-rounded business climates in the nation,” added Pollina.

The ranking is based on 32 factors controlled at the state level, including taxes, human resources, right-to-work legislation, energy costs, infrastructure spending, workers' compensation legislation, jobs gained, financial incentives and state economic development evaluations. The report was co-published with the American Economic Development Institute.

The ranking also reflected positively at the agency level of economic development. Virginia received an “A” in both incentives and marketing/website/response to new and existing employers.

As the report alluded to — consistency is key. Corporations making large investment and employment decisions want to feel confident that the location they select will maintain its positive attributes years down the line. The Commonwealth’s solid track record and stellar resources make it easy for companies to say “Yes” to Virginia. To learn more, click here.

Photo courtesy of the Virginia Department of Transportation.

Orbital Sciences Completes Second Launch to the International Space Station

Monday, 14 July 2014 15:33 by Info@YesVirginia.org
Yesterday at 12:52 p.m., Orbital Sciences completed its second launch to the International Space Station from Pad-OA of the Mid-Atlantic Regional Spaceport at NASA Wallops Flight Facility on Virginia’s Eastern Shore...

Yesterday at 12:52 p.m., Orbital Sciences completed its second launch to the International Space Station from Pad-OA of the Mid-Atlantic Regional Spaceport at NASA Wallops Flight Facility on Virginia’s Eastern Shore.

The Orb-2 mission is Orbital Sciences’ second of eight resupply missions to the ISS, part of Orbital Sciences’ $1.9 billion Commercial Resupply Service contract with NASA. Orbital Sciences will deliver more than 40,000 pounds of cargo to the ISS through 2016.

The Antares rocket launched the Cygnus spacecraft, carrying more than 3,600 pounds of research materials, hardware, science experiments and provisions for the crew of Expedition 40 aboard the ISS. The experiments include nanosatellites to take images of earth, satellites to allow 3-D mapping and robotic navigation inside the space station, and student projects from the Student Spaceflight Experiment Program.

Cygnus is expected to reach ISS Wednesday morning. Over the next two days Cygnus will complete a series of thruster burns to bring it close to the ISS, at which point the crew will use the ISS robotic arm to grapple and rendezvous with the spacecraft.

Cygnus will remain berthed with ISS for approximately 30 days so that the Expedition 40 crew can unload the cargo and reload it with trash. Upon completion of the mission, Cygnus will be burned up during reentry to Earth’s atmosphere.

Yesterday’s successful second launch to the ISS illustrates Virginia’s continued leadership in the aerospace industry. Through MARS, Virginia is one of only a few sites across the U.S. authorized for orbital space launches. To learn why more than 250 aerospace companies call Virginia home, click here.

Orbital Sciences’ Antares rocket takes off from Pad-OA of MARS at NASA Wallops Flight Facility on its second mission to the International Space Station. Photo courtesy of NASA/Bill Ingalls.

VEDP’s “Business Legacies Begin in Virginia” Video Wins Telly Award

Tuesday, 8 July 2014 14:20 by Info@YesVirginia.org
VEDP’s “Business Legacies Begin in Virginia” video recently won a Bronze Telly Award in the category of Recruitment, part of the larger Film/Video category...

VEDP’s “Business Legacies Begin in Virginia” video recently won a Bronze Telly Award in the category of Recruitment, part of the larger Film/Video category.

Since its founding in 1979, the Telly Awards has been honoring outstanding TV commercials and programs, video and film productions, and online commercials, videos and films.

This year’s 35th Annual Telly Awards has been one of the most competitive, with more than 12,000 entries received from all 50 states, as well as other countries.

The award was presented to VEDP and BES Studios, an agency that helped VEDP produce the video. VEDP also worked with 3 Creative on the project. 

Digital storytelling has become an increasingly important component of the marketing mix in economic development as companies and site selection consultants perform more upfront research online.

“The Business Legacies Begin in Virginia video is an important tool we’ve added to our digital marketing strategy,” said Vince Barnett, VEDP Vice President of Communications & Promotions. “We’re grateful to all our partners across the Commonwealth who helped us by providing video footage and access to film some great shots, and we’re honored to receive this award.”

A list of the corporate, regional and local partners who helped VEDP obtain video footage is displayed in the closing credits.

To view the video, visit VEDP’s website or YouTube channel.

VEDP Welcomes VJIP to the Team

Thursday, 3 July 2014 09:50 by Info@YesVirginia.org
It’s official — at the beginning of our fiscal year, July 1, the Virginia Jobs Investment Program became part of the VEDP team. House bill 932 passed by the Virginia General Assembly in in the spring 2014 special session moved the administration of VJIP to VEDP to further align Virginia’s job incentive programs...

It’s official — at the beginning of our fiscal year, July 1, the Virginia Jobs Investment Program became part of the VEDP team. House bill 932 passed by the Virginia General Assembly in in the spring 2014 special session moved the administration of VJIP to VEDP to further align Virginia’s job incentive programs.

In fiscal year 2014, VJIP was involved in 96 percent of the projects that VEDP completed.

VJIP is the second oldest incentive in the Commonwealth and was established in 1965. According to VJIP interim director Frank Strickler, “This is a homecoming for us. VEDP’s predecessor organization and ours were originally joined under the Department of Economic Development until 1996 when VEDP was formed and we were moved to the Department of Business Assistance. We have worked closely with VEDP’s business expansion and business attraction managers for years, so it’s great to be under one roof again.”

VJIP is charged with marketing and managing a state-funded grant that helps companies train their employees. Companies can qualify for the incentive in any of three categories: new and existing business expansions that create jobs, small businesses that create new jobs, and workforce retraining to upgrade the skills of existing employees.

Due to the flexibility of the three categories, a wide range of companies can qualify for the incentive. VJIP serves both large and small businesses in a variety of industries. VJIP project managers also provide free consulting services to client companies, helping them find solutions for their recruiting and training issues.

The VJIP grant is a performance-driven incentive distributed on a pay-as-you-go basis after each employee has been on the job for more than 90 days. VJIP managers work with the company to develop a training outline and budget, so that the client has skin in the game. Companies can receive up to 50 percent reimbursement for qualified recruiting and training costs. Due to the multiplier effect, the incentive usually nets a 100 percent ROI (return on investment) in six months.

VJIP is one of the longstanding examples of incentives that attract companies to Virginia’s pro-business environment. To learn more about VJIP, click here.

Members of the VJIP team include (back row) Frank Strickler, Tre Akins, (front row) Lea Lofty, Brenda Young and Debbie Melvin. 

Virginia a Top State for Private Equity Investment

Monday, 30 June 2014 15:44 by Info@YesVirginia.org
Virginia was ranked No. 7 for private equity investment in 2013, according to the Private Equity Growth Capital Council’s fourth annual investment report...

Virginia was ranked No. 7 for private equity investment in 2013, according to the Private Equity Growth Capital Council’s fourth annual investment report.

Last year, 66 companies across the Commonwealth received $14.7 billion in private equity investment. Virginia moved up in the rankings from 16th place last year.

This signals that investors see value in Virginia’s entrepreneurs and growing companies. Private equity is typically used as growth capital to fuel expansion, as well as to assist companies in strategic turnaround situations.

“Private equity investment is long-term capital at work,” said Steve Judge, president and CEO of the Private Equity Growth Capital Council. “The companies in states across the country that receive private equity investment are able to expand their businesses, develop new innovations and hire workers, and this report highlights the important contributions of private equity in the U.S. economy.”

Virginia also saw two congressional districts break the top 20 in private equity investment. Virginia’s 4th Congressional District received $4.7 billion and Virginia’s 11th Congressional District received $4.5 billion. China-based W.H. Group’s acquisition of Smithfield Foods Inc. represents a majority of District 4's investment.

According to the PEGCC report, private equity firms have invested $129.1 billion in Virginia-based companies from 2004-2013. The report further states that there are 568 private equity-backed companies headquartered in the Commonwealth, which support more than 309,570 jobs at facilities both in and out of state.

The ability of Virginia companies to attract this amount of private equity investment is another testament to the level of innovation and success that entrepreneurs find when they locate their businesses in the Commonwealth. To learn why Virginia is a top state for business and investment, click here.

Photo courtesy of Private Equity Growth Capital Council

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

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

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

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

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

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

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

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

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

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

World’s Largest Credit Union Expands Virginia Footprint

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Renewable Energy Company Enviva Breaks Ground on Virginia Manufacturing Facility

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

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

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

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

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

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

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

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

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

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

Virginia’s Biotech Industry Gains Another Asset: Virginia Biosciences Health Research Corp.

Friday, 8 February 2013 13:11 by Info@YesVirginia.org
This week, the Virginia Biosciences Health Research Corporation (VBHRC) announced its establishment to foster scientific research and provide a venue for public/private partnerships with Virginia’s leading universities...

This week, the Virginia Biosciences Health Research Corporation (VBHRC) announced its establishment to foster scientific research and provide a venue for public/private partnerships with Virginia’s leading universities.

The five founding universities include Eastern Virginia Medical School, George Mason University, University of Virginia, Virginia Commonwealth University and Virginia Tech. VBHRC will also include an 11-member Project Management and Oversight Panel as well as a 13-member Board of Directors.

VBHRC’s mission is to encourage industrial partnerships and increase corporate-sponsored research at Virginia’s universities to augment the Commonwealth’s growing biotech industry. VBHRC’s ultimate goal is to develop life sciences technology that can be used to start new companies and create jobs.

The research focus of VBHRC includes bioinformatics and medical informatics, point of care diagnostics, and drug discovery and delivery.

VBHRC joins a list of leading research institutes in the Commonwealth, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC Laboratories.

Virginia continues to gain recognition for its life sciences industry and was recently ranked the No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Ranking Report. With its central location in the mid-Atlantic life sciences corridor and strong technology and life sciences workforce, Virginia is home to nearly 800 biotech companies.

To learn why the private sector has invested almost $2 billion in Virginia’s life sciences industry over the last decade, click here.

Microsoft Announces $348 Million Expansion to Virginia Data Center Campus

Wednesday, 6 February 2013 10:36 by Info@YesVirginia.org
Last week, Microsoft announced plans to invest $348 million to expand its latest generation data center campus in Mecklenburg County, Va., creating 30 new jobs...

Last week, Microsoft announced plans to invest $348 million to expand its latest generation data center campus in Mecklenburg County, Va., creating 30 new jobs.

Fueled by strong customer demand for its cloud services, this investment will allow Microsoft to construct two additional buildings on its existing Mecklenburg County campus. In 2010, Microsoft announced a $499 million investment to establish this facility, followed by a $150 million expansion in 2011, bringing Microsoft’s total investment in this location to almost $1 billion.

With its modular technology and advanced cooling mechanics, the Mecklenburg County location is one of Microsoft’s most advanced data centers. In addition, Microsoft is purchasing renewable energy credits to offset all carbon emissions at the site.

Southern Virginia’s ability to provide a world-class data center location is due in part to infrastructure developed by the Mid-Atlantic Broadband Cooperative (MBC). Established several years ago to support underserved areas, today MBC owns and operates more than 1,500 miles of fiber optic network in Southern Virginia as well as a long-haul fiber network.

Virginia continues to be a prime location for data centers—data processing was the dominant sector for investment in the Commonwealth in 2011, at more than $960 million. Offering companies both the advanced broadband infrastructure and highly-skilled technical workforce, Virginia is poised to continue its growth in this sector.

In addition, the Commonwealth’s favorable electricity rates and Retail Sales and Use Tax Exemption on computer equipment used in data centers provide a strong competitive advantage to companies.

To learn why more than 700 data processing and hosting establishments have selected a Virginia location, click here.

Virginia Recognized as Top State for Green LEED Certifications in 2012

Monday, 28 January 2013 15:06 by Info@YesVirginia.org
Last week, the U.S. Green Building Council (USGBC) ranked Virginia as the top state for Leadership in Energy and Environmental Design (LEED) certifications in its annual ranking...

Last week, the U.S. Green Building Council (USGBC) ranked Virginia as the top state for Leadership in Energy and Environmental Design (LEED) certifications in its annual ranking.

In 2012, Virginia certified 170 projects, which encompassed 29.7 million square feet of LEED-certified space. With 3.71 square feet of certified space per capita, the Commonwealth moved up two places from last year.

Cooper Vineyards of Louisa County was recognized as the first winery on the East Coast to achieve LEED Platinum status.

USGBC is an international organization made up of 77 chapters, 13,000 member organizations, and 181,000 LEED professionals with a mission to build a more sustainable future.

USGBC manages LEED, one of the most renowned green building programs in the world. LEED provides certification programs for the efficient and environmentally-friendly design, construction and operation of a variety of buildings. According to USGBC, LEED certifies 1.6 million square feet of building space each day.

LEED-certified spaces not only offer a healthier environment, the efficiency gains yield a direct impact to a company’s bottom line. Virginia’s leadership in this area illustrates the Commonwealth’s innovative approach to providing a competitive environment in which companies can do business.

To learn more about Virginia’s unique combination of resources and why businesses have succeeded in the Commonwealth for more than 400 years, click here.

JMU Helps Build Virginia’s Cyber Security Workforce

Thursday, 24 January 2013 09:40 by Info@YesVirginia.org
Virginia’s cyber security capabilities span the Commonwealth, and one such hub is located around James Madison University (JMU) in the Shenandoah Valley Region...

Virginia’s cyber security capabilities span the Commonwealth, and one such hub is located around James Madison University (JMU) in the Shenandoah Valley Region.

With an information security program that began in 1999, JMU’s Computer Information Systems (CIS) program was ranked 9th among all Information Systems programs by Bloomberg Businessweek in 2012.

JMU prepares students for cyber security careers with an impressive offering of undergraduate and graduate programs that allow students to earn National Security Agency and Department of Homeland Security certificates along the way. Employers are taking notice—JMU graduates are being snapped up by marquee IT and consulting firms, including IBM, CGI, Accenture, Deloitte, KPMG, PWC, as well as a number of government agencies.

One of the more unique aspects of the CIS programs at JMU is the level of engagement among students and the community. 

On campus, JMU students participate in student clubs that compete nationally, such as the Computer Forensics Group and the Cyber Defense Club. In addition, the JMU Association of Information Technology Professionals (AITP) Student Chapter is the largest AITP student chapter in the U.S. AITP is the leading worldwide society of professionals in the IT industry.

JMU also engages the community through Cyber Defense Boot Camp, a summer program for high school technology teachers, and CyberCity, a program introducing disadvantaged high school students to careers in the CIS field.

Home to the Institute for Infrastructure and Information Assurance, JMU has partnered with George Mason University, the University of Virginia, and other public and private sector institutions on more than 60 research projects in the information security field.

With Virginia universities at the forefront of cyber security research and education, the Commonwealth’s workforce is well-positioned to maintain its top ranking with the highest concentration of high-tech workers, according to Cyberstates 2011.

To learn more about Virginia’s world-class IT and cyber security capabilities across the Commonwealth, click here.

VSU Part of Team Awarded $400 Million U.S. Army IT Contract

Tuesday, 15 January 2013 13:54 by Info@YesVirginia.org
Virginia State University (VSU) recently announced it was selected as part of a 16-member team awarded a $400 million IT contract with the U.S. Army...

Virginia State University (VSU) recently announced it was selected as part of a 16-member team awarded a $400 million IT contract with the U.S. Army.

The Information Technology Services-Small Business (ITS-SB) contract was awarded by the Army Contracting Command-National Capital Region (ACC-NCR) and the Army Computer Hardware, Enterprise Software and Solutions (CHESS) groups as part of a competitive bid process.

The selected partners will support the U.S. Army’s enterprise infrastructure needs by providing a full spectrum of innovative IT services and solutions.

Eight of the 16 selected partners are based in Virginia, including lead-company Tantus|OnPoint. The other Virginia companies/institutions are: Advanced Resource Technologies Inc., CACI, Lunarline Inc., Strohmeir Consulting LLC, Systems Integration & Management Inc., VSU, and Zenetex LLC.

According to VSU, the university will provide support in the areas of Information Assurance, Independent Verification & Validation, Internet Protocol Version 6, Migration and Integration Services, and Warranty and Maintenance.

VSU was selected as one of only two universities to participate in the partnership. The university has a strong legacy of supporting U.S. Department of Defense contracts.

VSU has received multiple accolades for its innovation in IT. VEDP blogged last year about VSU’s Reginald F. Lewis School of Business winning three awards for its “Digital at the Core” initiative, which delivers core curriculum through digital textbooks, MP3 audio chapters, MP3 study guides, and downloadable quizzes and flashcards.

Founded in 1882, VSU is an example of Virginia’s premier higher education system that partners with companies 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 and world-class education programs, click here

Prince William County Science Accelerator Augments Virginia’s Booming Biotech Industry

Wednesday, 9 January 2013 10:46 by Info@YesVirginia.org
The Prince William County Science Accelerator recently opened its doors, offering an innovative location for early stage life sciences companies in the Northern Virginia region...

The Prince William County Science Accelerator recently opened its doors, offering an innovative location for early stage life sciences companies in the Northern Virginia region.

The 9,000-square-foot facility offers companies wet lab space for lease that can be built-out to meet specific client needs. Building on the existing industry cluster in the region, the Science Accelerator is expected to serve as a catalyst, accelerating the growth of smaller life sciences companies.

The Science Accelerator is located at Innovation Technology Park, a world-class research and technology park in Prince William County. Anchored by one of George Mason University’s campuses, the 1600-acre corporate park is 20 miles from Washington Dulles International Airport and 30 minutes from the Capitol Beltway. The high-tech hub is home to numerous corporate and institutional clients, including the Virginia Department of Forensic Science, the FBI Northern Virginia Resident Agency, Mediatech, ATCC, and the GMU/NIH Biosafety Research Lab.

Another example of the many successful public-private partnerships in Virginia, the Science Accelerator was developed by the Prince William County Department of Economic Development, Rinker Design Associates P.C., and NAL Research.

Virginia has recently gained recognition for its life sciences industry as the No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Rankings Report. The Commonwealth offers companies a central location in the mid-Atlantic life sciences corridor combined with access to leading research institutes, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC laboratories.

To learn why nearly 800 life science companies have chosen a Virginia location, click here.

A view of the Prince William Science Accelerator at Innovation Technology Park. Courtesy of Prince William County.

William & Mary Unveils the Commonwealth Center for Energy and the Environment

Tuesday, 8 January 2013 10:37 by Info@YesVirginia.org
This December, The College of William & Mary opened its new Commonwealth Center for Energy and the Environment to foster an interdisciplinary approach for teaching and researching environmental issues.

This December, The College of William & Mary opened its new Commonwealth Center for Energy and the Environment to foster an interdisciplinary approach for teaching and researching environmental issues.

Open to all William & Mary faculty, the center will function as both a think tank and research incubator that integrates disciplines including the natural sciences, law and policy, social sciences and the humanities.

In 2013, the center will support up to three short-term Environmental Enquiry Groups to define and explore direction for future research and teaching opportunities. Once topics are approved, the center will support the development of Long Term Environmental Quest groups for more advanced study.

William & Mary is already home to the School of Marine Science/Virginia Institute of Marine Science (SMS/VIMS), a leading institution specializing in coastal and estuary marine science and among the largest marine research and education centers in the United States.

With greater interdisciplinary focus, the Commonwealth Center for Energy and the Environment may be able to expand research and address the complicated relationship between energy generation and its impact on the environment.

The center will support Virginia’s “all-of-the-above” strategy to become “the Energy Capital of the East Coast” while expanding the Commonwealth’s energy partnerships and advanced research development. By leading the charge to develop offshore energy, expand renewables and advocate on behalf of traditional fuels including coal, natural gas, oil and nuclear energy, Virginia aims to secure reliable energy for businesses and citizens in the future.

To learn why more than 385 energy companies have established operations in the Commonwealth, click here.

Kraft Foods Invests $25 Million to Expand Virginia Plant

Thursday, 20 December 2012 17:24 by Info@YesVirginia.org
Today, Kraft Foods Group announced plans to invest $25 million to increase production capacity at its plant in Frederick County, Va., creating 25 new jobs...

Today, Kraft Foods Group announced plans to invest $25 million to increase production capacity at its plant in Frederick County, Va., creating 25 new jobs. 

Located on 30 acres in Frederick County, the Kraft Foods plant has been producing Capri Sun juice drinks since 1991, employing 460 Virginians. The company has made multiple investments in this facility over the years, including a 2010 announcement that it would invest $40 million and create 100 jobs.

Utilizing its existing 335,000-square-foot facility, Kraft Foods plans to add a production line to increase capacity, as well as bring its packaging to the same facility by adding technology to manufacture its mylar bags onsite.

Food and beverage companies like Kraft Foods continue to select the Commonwealth for its competitive operating environment. Virginia offers competitively priced and reliable electricity, a productive and highly-skilled workforce, a corporate tax rate of 6 percent that remains unchanged since 1972, an unemployment tax burden 32 percent lower than the national average, and construction costs 16 percent lower than the national average.

Virginia’s food and beverage cluster is on the rise, with more than 550 companies calling Virginia home. Not only does the Commonwealth provide a premier transportation network with access to 55 percent of the U.S. population in a 750-mile radius; its top-ranked universities and community college system offer training programs specifically designed to meet the needs of the food and beverage industry.

To learn why Virginia has the recipe for success, receiving more than $1.9 billion in investment for food and beverage projects over the last decade, click here.

Virginia CEO Wins Ernst & Young Entrepreneur of the Year Award

Wednesday, 19 December 2012 09:30 by Info@YesVirginia.org
Health Diagnostic Laboratory (HDL) CEO and co-founder Tonya Mallory recently won the prestigious Ernst & Young (E&Y) Entrepreneur of the Year® Award in the Emerging Company category...

Health Diagnostic Laboratory (HDL) CEO and co-founder Tonya Mallory recently won the prestigious Ernst & Young (E&Y) Entrepreneur of the Year® Award in the Emerging Company category.

Headquartered in Richmond, Va., HDL provides comprehensive testing for cardiovascular and other chronic diseases with a vision towards a more preventative approach to healthcare.

Since its founding in 2009, HDL has rapidly grown to more than 500 employees and has announced two expansions, expected to exceed $70 million, for its facility at the Virginia BioTechnology Research Park.

For 26 years Ernst & Young has recognized business leaders for their innovation and success through its Entrepreneur of the Year® awards. Winners were selected in 10 categories from a worldwide field of 2,000 companies and awarded at the E&Y Strategic Growth Forum gala in Palm Springs, Calif.

Mallory’s novel approach to laboratory testing epitomizes just the innovation Governor McDonnell had in mind when he declared 2012 “The Year of the Entrepreneur.” “Virginia is an incubator for good ideas and we have the right tax, regulatory and business climate for entrepreneurs to turn those ideas into job-creating businesses,” said McDonnell.

Virginia offered Mallory and the team at HDL the right infrastructure at the right time, including a prime location and workforce at the Virginia BioTechnology Research Park.

Adjacent to Virginia Commonwealth University, a Top 100 life sciences research center in downtown Richmond, the Virginia BioTechnology Research Park is located on 34 acres that include nine buildings and more than 1.1 million square feet of office and research space. The park employs more than 2,200 scientists, engineers and researchers through its 60 life science companies, research institutes, and state and federal labs.

The Commonwealth’s biotech industry is on the rise, gaining recognition as a No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Rankings Report. Virginia offers companies a central location in the Mid-Atlantic life sciences corridor and access to top research institutes, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC laboratories.

To learn why 800 life science companies have chosen to locate operations in Virginia, click here.

Virginia’s Wind Industry Gains Speed with Two Federal Announcements

Monday, 17 December 2012 16:12 by Info@YesVirginia.org
In the last few weeks, Virginia’s wind industry has won validation with two positive announcements from the Bureau of Ocean Energy Management (BOEM) and Department of Energy (DOE)...

In the last few weeks, Virginia’s wind industry has won validation with two positive announcements from the Bureau of Ocean Energy Management (BOEM) and Department of Energy (DOE).

On November 30, the BOEM announced federals waters off the Virginia coastline qualified as one of only two wind energy areas (WEAs) for the upcoming competitive lease sale process. This is the first-ever wind energy lease sale on the Outer Continental Shelf.

The Commonwealth’s WEA encompasses 112,800 acres located about 23.5 nautical miles off Virginia’s coastline. According to the BOEM, this area would have the capacity to produce more than 2,000 MW of wind generation, enough electricity to power 700,000 homes.

On December 12, the DOE announced that a Virginia team led by Dominion Virginia Power was one of seven projects awarded an initial grant of up to $4 million for the engineering, design and installation of an offshore wind turbine demonstration facility.  

Dominion will install two Alstom 6-megawatt turbines off the Virginia coastline using an innovative “twisted jacket” foundation that requires less steel. In addition to Alstom Power Inc., the Dominion team includes KBR; the Virginia Department of Mines, Minerals and Energy (DMME); the National Renewable Energy Laboratory; the Virginia Tech Advanced Research Institute; and Newport News Shipbuilding.

Virginia-based Fugro Atlantic has also been selected by the DMME to conduct a geological survey to study the seafloor of Virginia’s WEA in the Outer Continental Shelf.

Recognition from both the BOEM and DOE highlights the Commonwealth’s strengths in the offshore wind industry. Virginia is well-positioned as a leader in this renewable energy field, offering the ideal combination of strong Class 6 winds, shallow waters off the coast, an experienced maritime workforce, a robust transportation network, and access to a fully operational high voltage transmission grid close to shore.

Often called the “Energy Capital of the East Coast,” Virginia is home to more than 380 energy companies and has seen more than $4.6 billion invested in energy projects over the last decade. To learn more about Virginia’s burgeoning energy industry, click here.

A rendering of the Dominion offshore wind turbine demonstration facility, consisting of two Alstom 6-megawatt turbines. Courtesy of Dominion Virginia Power.

VEDP Launches Updated Interactive Tool “Compare Virginia”

Friday, 14 December 2012 15:17 by Info@YesVirginia.org
Today, VEDP is proud to launch an update to its popular Compare Virginia web-based tool. Compare Virginia allows users to easily conduct side-by-side comparisons between Virginia and the other 49 states, as well as the District of Columbia, on a number of key economic metrics...

Today, VEDP is proud to launch an update to its popular Compare Virginia web-based tool. Compare Virginia allows users to easily conduct side-by-side comparisons between Virginia and the other 49 states, as well as the District of Columbia, on a number of key economic metrics.

This updated version includes an additional Compare MSA feature, which allows the user to contrast Virginia’s MSAs with more than 360 MSAs across the country. The database has been enhanced to include a broader range of demographic and economic statistics, such as population, labor force, employment growth, unemployment rates, GDP and union membership.

The user experience has been vastly improved. Information loads more quickly and allows one to change comparison criteria on the fly, without having to reload. The user can also toggle between the Compare States and Compare MSAs features without losing data.

Another additional feature includes the data dictionary, which provides users with documentation of the sources behind the statistics, as well as a detailed explanation of the data.

Finally, the download report feature allows users to easily export data to either an excel spreadsheet or a preformatted pdf for future use.

To access the updated Compare Virginia site and learn why Virginia is the best state for businesses, visit http://virginiascan.yesvirginia.org/compare/compareva.aspx.

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2017

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

Virginia to Offer Foreign Direct Investment Expertise

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

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

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

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

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

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

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

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

Save

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

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

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

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

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

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

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

Save

Virginia Economic Developers Recognized in National Ranking

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

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

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

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

    - Pandy Brazeau, Virginia Economic Development Partnership

·         - Carrie Chenery, Shenandoah Valley Partnership

·         - Beth Doughty, Roanoke Regional Partnership

·         - Megan Lucas, Lynchburg Regional Business Alliance

·         - Buddy Rizer, Loudoun County Department of Economic Development

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

 

Save