HP Hood—Largest Investment in 30 Years by Expanding Company in Frederick County

Thursday, 6 June 2013 16:05 by Info@YesVirginia.org
HP Hood recently announced plans to expand its facility in Frederick County through an $84.6 million investment that will create 75 new jobs...

HP Hood recently announced plans to expand its facility in Frederick County through an $84.6 million investment that will create 75 new jobs.

This project represents the biggest investment in 30 years by an expanding company in Frederick County. It will allow the company to increase its ultra-high-temperature production capacity. This method of pasteurizing milk products allows a longer shelf life, and the Frederick County plant is the largest facility of its type in the U.S.

HP Hood is one of the primary dairy producers in the country, with nearly $2 billion in sales and 15 plants across the U.S. The company’s well-known brands include Hood, Crowley, Simply Smart Milk, Heluva Good!, LACTAID®, BAILEYS® Coffee Creamers, HERSHEY’S® Milk and Milkshakes, and Blue Diamond Almond Breeze® almond milk.

The company has successfully operated the Frederick County plant since 2001, growing to 500 employees with the help of this expansion.

Virginia’s food and beverage industry is expanding at a rapid pace. So far in 2013, Virginia food and beverage companies have announced 12 projects, creating more than 900 jobs and bringing almost $500 million of investment into the Commonwealth.

Food and beverage companies love Virginia because the Commonwealth provides a strategic East Coast location, premier transportation network, highly-productive advanced manufacturing workforce, favorably priced utility rates and a corporate tax rate of six percent that remains unchanged since 1972.

To learn why leading food and beverage companies like Hershey Foods, McKee Foods, Nestlé Prepared Foods, Kraft Foods and Green Mountain Coffee Roasters have all established operations in Virginia, 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.

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.

Leading Lime Producer Carmeuse Lime & Stone Expands in Frederick County

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

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

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

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

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

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

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

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

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

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

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

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

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

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

UBED—Economic Gardening: William & Mary Incubates Growing Businesses

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

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

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

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

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

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

Another success story is Breathe Healthy, a manufacturer of antimicrobial face masks with superior comfort and filtering abilities. JCC-BTI helped the veteran-owned company locate key markets for its product, as well as launch international sales.

According to William Bean, Director of W&M’s Technology Business Center, “We’re looking for companies that are passionate and serious about the growth of their business. Our incubator clients span a variety of industries, but the one thing they have in common is a genuine excitement to use the services of our incubator for accelerating growth.”

To learn more about W&M’s Office of Economic Development or the James City County Business & Technology Incubator, click on the highlighted links.

Mail America Expands in Bedford County, Virginia

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

German Manufacturer McAirlaid’s Expands in Virginia

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

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

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

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

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

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

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

UBED — Old Dominion University Develops A Knowledge Community

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Virginia State University’s Business School Wins Three Awards

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

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

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

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

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

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

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

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

On Friday, The Vitamin Shoppe announced plans to establish its first Virginia distribution facility in Hanover County. The operation will be located at the Virginia Transportation Park in Ashland, Va., and will bring a $39.4 million investment and 174 new jobs to the Central Virginia region.

The Vitamin Shoppe’s accelerated growth and desire to be closer to its mid-Atlantic customer base were primary reasons for building the warehouse and fulfillment center in Virginia. The company has grown from one store in 1977 to more than 550 company-owned retail stores today.

Virginia successfully competed against North Carolina due to the Commonwealth’s strategic location, competitive business costs, and premier workforce.

The Hanover County location offers visibility to I-95, allowing the company to easily access Virginia’s premier transportation network, which includes six major interstate highways, 14 railroads, nine commercial airports and the international Port of Virginia.

Virginia’s competitive operating environment includes a six percent corporate tax rate that remains unchanged since 1972, construction costs 16 percent below the national average, and a low unemployment tax rate 32 percent below the national average.

According to Ashland Mayor Faye Prichard, “The Town of Ashland and The Vitamin Shoppe share core values of community involvement and healthy living…. Their decision to locate in Ashland and Hanover builds upon the reputation of this region serving as a strategic location for supply chain centers in the mid-Atlantic.”

The Vitamin Shoppe joins the company of Ace Hardware, Amazon.com, Backcountry.com, Home Depot, McKesson Corp, QVC, Target and Wal-Mart, all of which have established fulfillment and distribution operations in the Commonwealth.

To learn why Virginia continues to be a leading location for distribution centers, attracting more than $1.6 billion in capital investment from global logistics companies over the last 10 years, click here.

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Virginia Economic Development Partnership is the Best State for Business

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

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