Water from Virginia’s Rockingham County Judged Top 5 in the Nation

Thursday, 8 March 2012 16:23 by Info@YesVirginia.org
Water from the Three Springs Water Treatment Plant in McGaheysville, Va., was ranked Top 5 in the nation at the recent Great American Water Taste Test in Washington, D.C...

Water from the Three Springs Water Treatment Plant in McGaheysville, Va., was ranked Top 5 in the nation at the recent Great American Water Taste Test in Washington, D.C.

The contest was managed by the National Rural Water Association as part of its yearly Rural Water Rally. Participants had to win both state and national competitions to be represented at the final judging panel.

Clarity, bouquet and taste were the selection criteria, with judges focusing on water samples that had no taste, no smell and perfect clarity.

The Three Springs Water Treatment Plant is located in Virginia’s picturesque Shenandoah Valley. The water quality is naturally pure as plant manager Luke Hornick stated, “We add fluorine and chlorine, but the water is of such purity that nothing else is needed.”

High water quality is important not just for individual consumption, but it also drives business decisions. Food processing and brewing companies require large amounts of high quality water, making Virginia a preferred location for those industries.

According to Rockingham County director of Community Development William Vaughn, “It’s one of the primary reasons that Coors — now MillerCoors — established East Coast operations here 25 years ago.”

Concerns over water quality and availability are receiving increased attention across the globe, making Virginia’s infrastructure resources a valuable asset for companies located in the Commonwealth. To learn more about Virginia’s world-class capabilities serving the food and beverage industry click here.

A view of Virginia's Shenandoah River

eBay Company GSI Commerce Expands in Henry County

Tuesday, 6 March 2012 16:52 by Info@YesVirginia.org

On Monday, GSI Commerce announced plans to expand its fulfillment capabilities in Henry County, bringing 60 new jobs and a $1.5 million investment to the Martinsville area of Southern Virginia.

This expansion will be used to handle the fulfillment, freight and warehouse management of the Company Kids and The Company Store brands of Hanover Direct — a new customer GSI Commerce just acquired.

Located in Martinsville, Va., since 2007, GSI Commerce has successfully grown its operations to include 1,000 full-time and seasonal workers. The expanded facility will be located near the company’s existing facilities at Bowles Industrial Park.

“GSI Commerce’s state-of-the-art fulfillment services will better facilitate the distribution of Hanover Direct’s brands and improve its clients’ customer experience. This new relationship will also ensure many jobs dedicated to Hanover Direct fulfillment services will remain within the state of Virginia,” according to the company’s press release.

The Commonwealth is a popular place for fulfillment centers with Amazon.com announcing two centers in Chesterfield and Dinwiddie counties, creating 1,350 new jobs. Backcountry.com also announced a fulfillment center in Montgomery County which is expected to create 200 new jobs.

To learn why Virginia’s strategic East Coast location, world-class logistics network and highly-skilled workforce make it a perfect location for logistics companies, click here.

Evatran’s Plugless Power System Pioneers Electric Vehicle Wireless Recharging

Thursday, 1 March 2012 14:32 by Info@YesVirginia.org
Wytheville, Va., company Evatran is leading the way in developing an electronic vehicle (EV) wireless recharging system. Governor Bob McDonnell hosted the company’s launch event for its Apollo Program at the state capitol in Richmond, Va., last Thursday...

Wytheville, Va., company Evatran is leading the way in developing an electronic vehicle (EV) wireless recharging system. Governor Bob McDonnell hosted the company’s launch event for its Apollo Program at the state capitol in Richmond, Va., last Thursday.

Google, Duke Energy, Hertz, Clemson University and the Commonwealth of Virginia have already signed on for Phase I of the Apollo Program. These partners have agreed to test the company’s wireless charging technology over the next three months and provide feedback to the company.

Evatran has been on the fast-track since June 2010 when Governor McDonnell announced the company would invest $3.5 million to establish a new manufacturing operation in Wytheville, Va., bringing 84 new jobs to the area. The Virginia Economic Development Partnership worked with Wythe County, the Joint Industrial Development Authority of Wythe County, Wytheville, Rural Retreat and Virginia’s aCorridor to successfully compete against North Carolina and Ohio for the project.

Evatran’s Plugless Power system is unique — as its name suggests it does not require the EV to be plugged in to recharge. Through inductive power transfer, the user simply has to park the vehicle over a specialized pad which uses magnetic fields to transfer energy from the pad’s coils to the receiving coils within the vehicle adapter. The energy is only converted to electricity once inside the vehicle, ensuring a safe transfer.

Evatran hopes the convenience of its technology will aid in the early adoption of EVs as a standard mode of transportation, helping to ease the global energy crisis.

As a green energy pioneer, the company illustrates the strength of Virginia’s entrepreneurs in both the technology and energy sectors. To learn more about the Commonwealth’s unique offering for technology and energy companies click here.

Made In America — Insourcing On the Rise

Monday, 27 February 2012 17:11 by Info@YesVirginia.org

Insourcing, reshoring, even backshoring are all terms used to described the growing trend of previously-outsourced manufacturing jobs returning to the U.S.

What exactly is driving this trend since Asia, and specifically China, has been earmarked as the go to place for cheap labor over the last decade?  The answer is simple — when it comes to goods for the U.S. market, on a total cost basis, manufacturing in China is becoming less attractive while manufacturing in the U.S. is becoming all the more so.

With increased exposure to the West, Chinese workers are demanding higher wages.  According to The Boston Consulting Group’s report Made in America, Again, Chinese wages are growing 15-20 percent each year. 

Labor typically represents only 7-25 percent of the cost in manufacturing a product. Other factors also moving in the U.S.’ favor include a favorable exchange rate, increased U.S. worker productivity and rising energy and land costs in China. Longer supply chains necessitate higher inventory and shipping expenses as well as pose political, intellectual property and weather related risks — all of which have become less tolerable to global manufacturers.

The combination of these factors led The Boston Consulting Group to conclude that “By sometime around 2015 — for many goods destined for North American consumers — manufacturing in some parts of the U.S. will be just as economical as manufacturing in China.”

In addition, China’s manufacturing infrastructure will increasingly be put to use to serve the local market. Its rising middle class will demand more products, absorbing a larger percentage of the goods produced in China. Given the costs and risks mentioned above, global supply chains appear to be shortening, with companies returning to the U.S. to manufacture goods closer to the end user.

Virginia’s furniture industry is a great illustration of this trend, with a number of expansions announced over the last few months. In Galax, Va., Albany Industries’ first Virginia location will create 335 new jobs and Vaughn-Bassett’s expansion of an existing factory and acquisition of an additional factory will create more than 100 jobs.

In addition, Netherlands producer Axxor Group chose Pittsylvania County for its first U.S. operation to supply honeycomb to nearby IKEA subsidiary Swedwood North America. Most recently, Laminate Technologies selected Henry County for its new Mid-Atlantic manufacturing operation, creating 30 new jobs.

Virginia’s cost-effective operating climate combined with its highly-skilled manufacturing workforce puts the Commonwealth in a prime position to capitalize on this trend. From Galax, Va., Vaughn-Bassett CEO John Bassett explained, “We are winning the battle against our Asian competition because we have the finest workforce in the world and we have the best equipped factories in the world,” as quoted by WSLS 10 News.

With 2011 manufacturing job creation up 31% and investment up 75% over last year, Virginia has already distinguished itself as a manufacturing powerhouse. To learn why Virginia’s pro-business climate and educated workforce make it a great location for manufacturing companies, click here.

Virginia Small Business Financing Authority Launches Micro-Loan Program

Thursday, 23 February 2012 16:33 by Info@YesVirginia.org
While micro-loans are often associated with aiding entrepreneurs across the globe, the Virginia Small Business Financing Authority has established a program to help Virginia entrepreneurs right here in the Commonwealth.

While micro-loans are often associated with aiding entrepreneurs across the globe, the Virginia Small Business Financing Authority has established a program to help Virginia entrepreneurs right here in the Commonwealth.

The program is targeted towards existing Virginia businesses that will use the financing to either create new jobs or retain existing jobs. Companies must have been in operation for at least three years, as well as meet additional criteria in order to take advantage of the program.

These short-term loans will have a maximum maturity of one year with rates based off the Wall Street Journal  Prime Rate. Funds can be used for financing working capital needs, fixed asset purchases, leasehold improvements or technology infrastructure.

Virginia is a great place to start and grow a business, offering entrepreneurs a variety of resources at all stages of expansion. Use these links to learn more about Virginia’s Micro-Loan Program and obtain an application.

To learn more about Virginia’s resources for early stage companies click here.

Laminate Technologies Can’t Resist Virginia’s Furniture Community in Henry County

Tuesday, 21 February 2012 09:40 by Info@YesVirginia.org

A rich tradition of cabinet and furniture makers in Southern Virginia attracted Laminate Technologies (LamTech) to the Martinsville Industrial Park in Henry County. Virginia competed successfully against North Carolina for the project, which will bring 30 new jobs and a $2 million investment to the already well-established wood product manufacturing industry in the Martinsville – Henry County region. 

The Henry County location is LamTech’s first operation in the Commonwealth, strategically positioning the company near many of its customers, already thriving in the region. Home to a number of successful furniture companies, the region has established itself as a hub of American furniture manufacturing. Some of these firms, such as Basset and Stanley, were founded in Martinsville and have had a manufacturing presence in Henry County for more than 80 years.  

Given the nature of wood product manufacturing, which demands the movement and storage of large pre-production and finished goods, Virginia’s world-class logistics and supply chain network provides a strategic advantage to furniture companies. With easy access to high quality lumber, the efficient East Coast transportation infrastructure and a workforce of skilled artisans, Henry County offers an ideal location for the manufacturing of hardwood and laminate furniture, cabinets and component products. 

To learn more about Virginia’s growing wood products industry and why LamTech is one of more than 1,100 wood products companies located in the Commonwealth click here

Virginia’s Wind Industry Moves Forward On and Offshore

Friday, 17 February 2012 10:01 by Info@YesVirginia.org

The federal Bureau of Ocean Energy Management (BOEM) recently initiated a Call for Information and Nominations to determine industry interest in commercial wind energy leases in federal waters off Virginia’s coast. This announcement is a significant milestone advancing Virginia’s offshore wind industry and moving the Commonwealth closer to claiming the title, “Energy Capital of the East Coast.”

Industry participants will have 45 days to respond to the Call, after which BOEM will determine whether the leasing process will be competitive or not. The Call Area was determined by the Virginia Renewable Energy Task Force in an effort to balance offshore wind development with protection of the environment and shipping interests. BOEM recently completed an environmental assessment of the area and determined that there would be “no significant impacts” in issuing these leases.

Virginia has already made significant strides in developing its offshore wind energy assets. The Commonwealth’s ideal combination of strong Class 6 winds and shallow waters that allow for the easy installation of turbines has attracted a number of players in the global supply chain.

Last October, Virginia’s Northampton County was selected as the site for Poseidon Atlantic, the first comprehensive testing and certification facility for both offshore and land-based wind turbines in the U.S. Poseidon Atlantic recently installed its first Light Detection and Ranging (LIDAR) monitoring position in Northampton County. The LIDAR system is about the size of an air conditioner and uses laser technology to measure wind speed, direction, frequency and strength. This project will be uniquely able to test and certify the entire wind turbine (as opposed to testing component parts).

In addition, Gamesa Technology Corp. and Newport News Shipbuilding, a unit of Huntington Ingalls Industries, have launched the Gamesa Offshore Wind Technology Center in Chesapeake, Va. The center has made significant strides in developing an offshore testing facility in the Chesapeake Bay, off the Eastern Shore. The test site has been identified and submarine testing of the ocean floor has begun. The test site is expected to be complete in late 2012 to early 2013.

To learn more about Virginia’s energy assets and why more than 380 energy companies have established operations in the Commonwealth, click here.

 

Virginia’s Noblis Center for Applied High Performance Computing is Open for Business

Tuesday, 14 February 2012 14:08 by Info@YesVirginia.org

Deputy Secretary of Commerce and Trade for Rural Economic Development Mary Rae Carter joined state and local officials to celebrate the opening of the Noblis Center for Applied High Performance Computing (CAHPC) in Danville, Va., last Friday. CAHPC is home to the Cray XMT2, the latest generation XMT and the only XMT supercomputer in the U.S. outside of a federal or academic setting.

Taking the power of High Performance Computing (HPC) out of the lab, CAHPC will allow companies convenient access to a supercomputer to solve advanced, real-world problems involving large amounts of data. This access to a supercomputer is unprecedented outside of federal or academic setting and removes the cost barrier to entry for smaller Virginia businesses.

Initially announced in June 2011, one of the goals of this project is to build on the success of Danville’s burgeoning River District by attracting additional high-tech companies. Located on the Dan River, the area’s historic buildings are being renovated and quickly becoming a hub for technology companies. Luna Nanoworks, Lifebatt, Infinity Global Packaging and Horizontech have already invested in the area.

While Northern Virginia is certainly an impressive IT hub, Danville’s location in Southside Virginia illustrates the expansiveness of Virginia’s high-tech capabilities throughout the Commonwealth. Virginia has the highest concentration of high-tech companies as well as the highest concentration of high-tech workers according to Enterprising States 2011: Recovery and Renewal for the 21st Century prepared by Praxis Strategy Group and Cyberstates 2011, respectively.

To learn more about Virginia’s world-class technology capabilities and why high-tech companies have invested more than $9 billion in Virginia over the last ten years, click here.

Pictured below is the Cray XMT2, the latest generation XMT supercomputer.

Virginia Delivers — Inaugural Flower Shipment from Ethiopia

Monday, 13 February 2012 10:33 by Info@YesVirginia.org
If you receive a bouquet this Valentine’s Day, it may contain flowers flown in from Ethiopia. Ethiopian Airlines delivered its first shipment, nearly two tons of Hypericum flowers, to Washington Dulles International Airport in January, and continues to deliver this amount on a weekly basis...

If you receive a bouquet this Valentine’s Day, it may contain flowers flown in from Ethiopia. Ethiopian Airlines delivered its first shipment, nearly two tons of Hypericum flowers, to Washington Dulles International Airport in January, and continues to deliver this amount on a weekly basis.

Arriving in perfect condition from Addis Ababa, this shipment of the Hypericum Coco variety was grown by Sun Kissed Flowers on the highlands of Ethiopia in East Africa. Ethiopia’s elevation, soil quality and weather conditions are perfect for slow-growing flowers, making some of the highest quality Hypericums in the world. A popular filler flower used to complement bouquets, the Hypericum’s signature berries resemble the coffee bean, one of Ethiopia’s better known exports.

While flowers may not be top of mind when Westerners think about Ethiopia, the country’s horticulture industry is on the rise. Also a global leader in producing a wide variety of roses and carnations, EthiopianFlowerExport.com reported the country exported 450 million cut flowers in the first quarter of fiscal 2011, with expectations to generate $530 million in revenues by 2014.

This milestone is part of the transformation taking place among commercial air carriers. Faced with rising operating costs, carriers are trying to squeeze every possible dollar to hold margins steady — hence the air cargo industry has taken off. (For additional information on the air cargo industry see our November blog.)

When it comes to delivering perishable cargo, such as flowers, Virginia’s logistics network is world-class. Dulles’ central East Coast location is within a day’s reach of more than 50 percent of the U.S. market. With a catchment area that covers 25 states and parts of Canada, as well as a dedicated access road to I-95, Dulles’ ability to save valuable time and spoilage costs has made it a sought-after import/export location.

More than 240 companies have set up distribution centers in the Commonwealth and companies shipping perishable goods, such as flowers, food and pharmaceuticals, are discovering the benefits of Virginia’s premier air cargo industry. To learn more Virginia’s world-class logistics capabilities click here.

Fortune 100 Company Honeywell Chooses Virginia - Again

Thursday, 9 February 2012 12:07 by Info@YesVirginia.org

While it’s always exciting when a new company opens its first operation in the Commonwealth, VEDP is just as enthusiastic when a long-standing Virginia company chooses to expand its operations here. That’s just what happened when Honeywell announced its plans to expand its Advanced Fibers and Composites (AF&C) operation in Chesterfield County through an investment of $27.5 million, which will create 50 new jobs.

Honeywell began operating in Virginia back in 1928 and this 80-plus year history has resulted in 17 facilities across the Commonwealth that employ 1,800 Virginians. Continued expansion and investment in Virginia confirms the company’s positive experience in the Commonwealth, allowing Virginia to beat out North Carolina and South Carolina for this project.

Honeywell’s AF&C business manufactures the lightest and strongest polyethylene fiber in the world. Its life-saving technology is used in applications to protect military and police officers where lightweight strength is critical. Bullet-resistant vests, breast plates, helmets, combat vehicles and military aircraft are just a few applications for AF&C’s world-class polyethylene fiber.

Virginia’s appeal to the plastics and advanced materials industry spans numerous subsectors including fiber and film manufacturing, blow molding, injection molding, pipe manufacturing, thermoforming and equipment manufacturing. With recent announcements from the likes of DuPont, Rubbermaid Commercial Products, Tessy Plastics, O’Sullivan Films and Phoenix Packaging, Virginia has made its mark as an ideal location for plastics and advanced materials companies. To learn more click here.

Advance Auto Parts Adds Financial Center to Virginia Headquarters

Wednesday, 8 February 2012 10:02 by Info@YesVirginia.org
Advance Auto Parts recently announced its plans to establish a Financial Services Commercial Customer Care Center at its corporate headquarters location in Roanoke, Va. Located at the Crossroads Corporate Business Center, this project will bring an $8 million investment and 75 new jobs to Roanoke over the next three years.

Advance Auto Parts recently announced its plans to establish a Financial Services Commercial Customer Care Center at its corporate headquarters location in Roanoke, Va. Located at the Crossroads Corporate Business Center, this project will bring an $8 million investment and 75 new jobs to Roanoke over the next three years.

Historically catering to the do-it-yourself market, Advance Auto Parts has expanded its customer base to include commercial customers. This project will allow the company to enhance its customer service to this market, bringing the management of the entire commercial credit experience under one roof.

Commencing operations in Roanoke 80 years ago, Advance Auto Parts has successfully grown its operations in the Commonwealth from a small, family-run business to a Fortune 500 Company. CEO Darren R. Jackson recently rang the bell at the NYSE to celebrate the company’s 10-year anniversary as a publicly-traded company.

The company’s commitment to Virginia and the Roanoke region is expressed by CEO Darren R. Jackson, “Over the last few years, we have invested over $10 million in our Store Support Center in Roanoke in our effort to expand and improve our facilities. This new team will be part of our over 1,600 Team Member base in Roanoke and is an integral part of our goal to grow Advance through service and reflects our longstanding commitment to the growth and development of the Roanoke Valley.”

Virginia is home to 70 corporate headquarters of companies exceeding $500 million in revenue. To learn why leading companies, like Advance Auto Parts, call Virginia home, click here.

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YesVirginia Business Blog | All posts tagged 'undergraduate certificate in product innovation'

VCU’s da Vinci Center Offers Real-World Interdisciplinary Training

Tuesday, 16 September 2014 09:10 by Info@YesVirginia.org
Where can a student work on a live project alongside classmates from the Schools of Arts, Business, Engineering, and the Humanities and Sciences? VCU’s da Vinci Center...

Where can a student work on a live project alongside classmates from the Schools of Arts, Business, Engineering, and the Humanities and Sciences? VCU’s da Vinci Center.

Companies in the greater Richmond area submit a product innovation problem to the da Vinci Center. Art, design, business and engineering students then work on cross-functional teams to develop an innovative solution, sponsored by the company.

The da Vinci Center prepares Virginia students to enter the workforce and hit the ground running, armed with the innovative and entrepreneurial thinking they will need to tackle everyday problems on the job. While students major in one area of study, the program allows them to see through the lens of multiple disciplines. It also emulates the way different departments work together to solve problems in a corporate environment.

Housed in the Pauley Pavilion, part of the School of Engineering, the center offers a multi-use space that facilitates product development from idea generation to market validation. Students have access to rapid prototyping machines and computer modeling and 3D object scanning equipment.

VEDP’s own economist, Michael Gilbert, was a da Vinci Center participant during his time at VCU. He worked on a minimally-invasive surgery trainer for physicians at MCV.

“The experience gained was invaluable,” said Gilbert. “Working on a cross-functional team with students from the School of the Arts, School of Engineering, and School of Business provided me insight and skills I still use today. Developing intellectual property on the team and through the course as an undergraduate is something I will never forget.”

The center offers two programs — an Undergraduate Certificate in Product Innovation and a Master of Product Innovation. The center is currently accepting applications for its spring 2015 class.

The da Vinci Center is yet another example of the cutting edge programs Virginia’s colleges and universities offer to prepare the workforce of tomorrow. To learn more about the Commonwealth’s premier higher YesVirginia Business Blog | All posts by info@yesvirginia.org

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

星期三, 15 八月 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

星期一, 13 八月 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

星期五, 10 八月 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

星期二, 7 八月 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

星期四, 2 八月 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

星期二, 31 七月 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 Coun YesVirginia Business Blog | All posts by info@yesvirginia.org

Specialty’s Our Name — Expanding a Family Business Through the Generations

Friday, 29 May 2015 09:19 by Info@YesVirginia.org
Butch Harrison founded Specialty’s Our Name in 1990, a precision sheet metal fabrication and machine shop based in Ashland, Va. His three sons, Brandon, Utley and Kevin, worked in the shop since high school and each found their niche, whether it was handling the finances, managing customer relationships or processing orders...

Butch Harrison founded Specialty’s Our Name in 1990, a precision sheet metal fabrication and machine shop based in Ashland, Va.

His three sons, Brandon, Utley and Kevin, worked in the shop since high school and each found their niche, whether it was handling the finances, managing customer relationships or processing orders. When their dad passed away in 2009, the brothers took ownership and proudly carried on the family name and reputation for a superior product and customer service at S.O.N. Inc.

“We do the work other people don’t want to do,” said Brandon Harrison. “Our high-end, custom sheet metal work is in the White House Visitor Center, the American Civil War Museum at Tredegar and the Virginia Historical Society, and our customers include Homeland Security, Architectural Graphics Inc., Dometic Corporation and Showbest Fixtures.”

The company has successfully grown from two people in a 2,500 square foot building to more than 30 people in a 32,000 square foot facility. The company delivers custom products and can offer consulting, drafting, welding, deburring, powder coating and precision parts, all from one location.

The Harrison brothers not only weathered the recent economic downturn, but were able to continue growing their company. “We did feel some of the effects, but we manage our finances well and purchase equipment as we need it, so we don’t carry a lot of debt.” said Harrison. “We also have a broad customer range, from the marine industry to railroads to store fixtures. Being diverse helped us stay strong and grow our company through the tough times.”

The brothers also took a calculated risk and started a sister company in 2008, Pro Powder & Paint Inc. “About 90 percent of our customers want a finish on their steel or aluminum products. We provide that and do our own powder coating and wet paint at a facility just down the street,” said Harrison.

The company just had one of its best years and has a solid plan to grow both businesses and eventually combine them into one larger building.

“We are lucky,” said Harrison. “The three of us are all equally responsible and we get to expand on what our father built. We really try to keep the family atmosphere throughout the company as we grow. We have several cousins and family members working in the shop, and we treat all of our employees like we are one big family. Without every piece of the puzzle coming together, this wouldn’t be possible.”

As we celebrate Virginia Business Appreciation Month, Specialty’s Our Name serves as another great example of the ingenuity and dedication of Virginia entrepreneurs. To learn why the Commonwealth is a great location to grow a business, click here.

Specialty’s Our Name owners Brandon, Utley and Kevin Harrison at their company headquarters in Ashland, Va.

Marstel-Day — Growing a Green Business in Virginia

Thursday, 28 May 2015 09:33 by Info@YesVirginia.org
Rebecca Rubin started Marstel-Day in 2002 with a passion to help large institutions conduct business in a way that is both effective and preserves the natural resource base...

Rebecca Rubin started Marstel-Day in 2002 with a passion to help large institutions conduct business in a way that is both effective and preserves the natural resource base.

Based out of Fredericksburg, Va., the company has grown from a one-woman desk to 160 employees nationwide. With clients ranging from government agencies to academic institutions, Marstel-Day helps organizations develop an overall strategy to be more eco-friendly.

“Our customers may have the interest and funding, but we help them with their strategies and policies,” said President and CEO Rebecca Rubin. “Whether they want to be carbon neutral or make better use of their ecosystem services or reduce water consumption or be ready for climate change, we help them get there. We look at such things as their vulnerability to drought, temperature change, responsiveness and resilience of the IT structure to climate events — and help them answer the big picture questions.”

The company’s success speaks for itself. Marstel-Day experienced 8-10 percent growth every year, including during the economic downturn. Its impressive client roster includes the Department of Defense, Fish and Wildlife Service, National Oceanic and Atmospheric Agency, Department of Homeland Security, Environmental Protection Agency, General Services Administration and National Laboratories. 

Marstel-Day has also received numerous accolades, including being named to both the Inc. 5000 list and Zweigwhite’s Hot Firm list for six consecutive years, the Alliance for Workplace Excellence Eco-Leadership Award three years in a row, the Virginia Fantastic 50 list for the third time, and the UVA Darden School’s Tayloe Murphy Award for Resilience.

Rubin chose to headquarter the business in Fredericksburg for two reasons:  proximity to a rail line and access to a great park system. “We were deliberately trying to get our employees off the roads and onto public transportation,” said Rubin. “Our other Virginia offices in Richmond and Alexandria are also within a quarter of a mile of a main train line. If you translate that into hours saved, it has an enormous impact on employee morale and health.”

“Because of its battlefield history, Fredericksburg has preserved green spaces and they have a new trail system. Having a park system where our employees can jog or bike during their lunch hour or after work is tremendously important to us.”

“There’s a reason why we’re here. Historically, Virginia has done a good job of understanding and appreciating the significance of nature and ecotourism. We find Virginia’s and the Governor’s commitment to green important to us as a company.”

As we celebrate Virginia Business Appreciation Month, Marstel-Day is another great example of how entrepreneurs find a successful environment for innovation in the Commonwealth. To learn why Virginia is a great place to grow a business, click here.

Marstel-Day President and CEO Rebecca Rubin at the company’s headquarters in Fredericksburg, Va. Photo courtesy of Marstel-Day LLC.

Performance Signs — From a Dorm Room to the Highway

Thursday, 21 May 2015 10:30 by Info@YesVirginia.org
Founder Robbie Morris was an engineering student at Virginia Tech when he started making decals for his brother’s stock car racing team. Robbie actually ran the decal machine out of his dorm room in the fall of 1995...

Founder Robbie Morris was an engineering student at Virginia Tech when he started making decals for his brother’s stock car racing team. Robbie actually ran the decal machine out of his dorm room in the fall of 1995.

While out on an engineering co-op, Robbie realized he enjoyed the creativity of the sign work much more than the structure of his engineering internship and decided to pursue the sign business full-time.

Today, Performance Signs makes a variety of signs, banners, vehicle lettering, vehicle wraps, window lettering and real estate signs for commercial businesses, public safety vehicles and highways.

Self-awareness is an important trait for entrepreneurs, and surrounding oneself with the right people and skillsets is critical. Robbie found the perfect business partner in his wife Katherine. She came on board full-time in 2004 and made improvements with her ability to manage, schedule and handle the day-to-day business, allowing Robbie to focus on the creative side.

Robbie and Katherine focused on building relationships with their customers and that paid off. “We were doing work for a sign company that supported a police department in Southwest Virginia,” said Performance Signs Founder Robbie Morris. “Those decals were an exact match for the Albemarle police department near us. We were able to approach them and found that there was a need for somebody to serve the public safety vehicles in our area. There’s a tightknit community among the police, fire department and rescue squad, and our relationship with that core group has helped us grow.”

When the recession hit, Robbie and Katherine looked at everything they did in order to be more efficient, from the number of phone lines they needed to the amount of equipment. They also took a calculated risk when a property became available. 

“All indications were that it would be crazy to buy something right now, but it completely came together for us,” said Robbie. “We really felt like God was moving in our lives and the timing was right. We did an SBA 504 loan. It was a lot of work, but through that process it helped us see our business in a new way.”

Robbie and Katherine closed on their building in the fall of 2009, and continuing their quest for efficiency, installed a solar-paneled roof on the 8,000-square-foot facility. Depending upon the time of year, the solar panels generate anywhere from 55-100 percent of the building’s electricity. 

Robbie and Katherine’s tenacity allowed them to successfully bounce back from the recession. The company has doubled sales since 2010 and grown from four to 12 people.

Performance Signs was also just selected to participate in the inaugural class of Ones to Watch, a business mentoring initiative run by the U.S. Senate Productivity and Quality Award Program for Virginia.

As we celebrate Virginia Business Appreciation Month, Performance Signs stands as another great example of the innovation and creativity of Virginia entrepreneurs. To learn why Virginia is a great place to grow a business, click here.

Performance Signs CEO Katherine Morris and Founder Robert Morris outside their company headquarters in Ruckersville, Va.

Release Reels — An Entrepreneur’s Journey from Biking to Fishing

Thursday, 14 May 2015 09:50 by Info@YesVirginia.org
After a hectic career traveling all over the U.S. and Europe as a professional cyclist, all Wes Seigler wanted to do after retiring as an athlete was to relax at his parent’s home in Reedville, Va., and fish every day like he did as a kid...

After a hectic career traveling all over the U.S. and Europe as a professional cyclist,  all Wes Seigler wanted to do after retiring as an athlete was to relax at his parent’s home in Reedville, Va., and fish every day like he did as a kid.

While fishing on the Chesapeake Bay and offshore Virginia, Seigler and his friends soon encountered problems with the performance of the reels they were using. Drawing upon his experience perfecting his own bike gearing and after encouragement from contacts in the cycling industry, Seigler decided to design his own product.

Release Reels was established in 2009. Seigler quickly found himself in the world of POs, RFQs and SKUs and learning what it all meant on the go. He initially started manufacturing in China, but found his intellectual property was leaking into competitors’ products and decided to bring back the manufacturing stateside.

Release Reels makes premium saltwater fishing reels, and the tolerances are very high. The product has to perform perfectly and look sharp. In order to make sure the machining was spot on, he decided to manufacture it himself. Upon being told he couldn’t compete with Asia, Seigler responded, “We can, we just gotta be willing to work.”

The company now operates nine CNC machines and has 10 full-time employees. 100% of the assembly and machining is done in Virginia and 100% of the component parts are made in the U.S. Seigler sources specialty bearings from Florida, gears and springs from Wisconsin and screws from San Diego, all to ensure the product is made in the USA.

“We have to win all categories — that’s the mentality of our company,” said Seigler. Release Reels products outperform in every class — they are smaller and more powerful, while weighing less.

The company also maintains a lifetime warranty on all its products, which no one else in the industry does. “If you purchase a product, I believe you should be able to call somebody and talk to them,” remarked Seigler. “We can fix it inexpensively, since we do all the machining in-house. Customers love the interaction and that carries into their next purchase.”

Release Reels also works with Rappahannock Community College and hires interns with an interest in machining as a career. “Giving a chance to somebody that might not be university bound has been pretty cool. Manufacturing is not what it used to be, it’s technology driven. We run a clean shop and it’s a great environment where people can learn a lot,” said Seigler.

The company’s high standards and customer service have paid off. After beginning with production of 100 reels per month, the company is now selling almost 600 reels per month and building the infrastructure to grow beyond that. They have also expanded into international markets from Europe to Southeast Asia.  

“The international market is huge for us,” noted Seigler. “People love an American-made product. Japan has a large fishing industry with some of the top shops in the world there. Being accepted by those customers is a strong statement for the quality of our products.”

As we celebrate Virginia Business Appreciation Month, Release Reels is a great example of the innovation and entrepreneurial spirit alive in the Commonwealth. To learn more why Virginia is a great place to grow a business, click here.

Release Reels Founder and President Wes Seigler demonstrates the company’s premium saltwater fishing reels for a future customer. Photo courtesy of Release Reels.

NCS Technologies — A Case Study of Innovation During Sequestration

Thursday, 7 May 2015 10:33 by Info@YesVirginia.org
Founded in Northern Virginia in 1996, NCS Technologies made a name for itself as a nimble and responsive small business computer manufacturer and supplier to state and federal agencies, the military, the intelligence community and commercial markets. The company operates out of a modern campus in Gainesville...

Founded in Northern Virginia in 1996, NCS Technologies made a name for itself as a nimble and responsive small business computer manufacturer and supplier to state and federal agencies, the military, the intelligence community and commercial markets. The company operates out of a modern campus in Gainesville.

The company’s products include commercial-off-the-shelf laptops and desktops for offices and schools, high-performance servers for corporate networks, and rugged tablet computers and servers for the military. Over the years, much of the company’s business depended on government.

Like many companies that found a niche serving federal agencies, the impact of sequestration created significant challenges. However, as with all great companies, NCS was able to turn those challenges into opportunities and come out successfully on the other side.

NCS has bounced back to its full pre-sequestration workforce and used the opportunity to diversify its customer base. The company realized that its experience delivering advanced computing products and services to highly demanding government customers could be translated into innovative new products for other growing markets, including healthcare, advanced manufacturing, banking and financial services.

The company kept innovating during the economic downturn and developed the industry’s only zero client laptop. Zero client computers have no operating system or data stored locally. Everything is virtually saved in the cloud, making the data more secure in the event the computer is hacked, lost or stolen.

While global competitors have developed zero client desktops, NCS Technologies is the only company able to master the engineering challenges to fit those capabilities, including patented Wi-Fi capability, into a mobile laptop product.

“Our employees are our greatest investment in innovation,” said John Callahan, vice president of marketing. “They are truly knowledge workers, including electrical engineers, sales representatives, program managers, financial analysts, highly trained assembly-line associates, technical support and customer service employees. Prince William County and surrounding Northern Virginia offers us that range of workforce that helps us excel in a complex, ultra-competitive environment.”

As part of Virginia Business Appreciation Month, NCS Technologies represents the high-growth industry and technological innovation that is alive and well in the Commonwealth. To learn why companies have found success in Virginia for more than 400 years, click here.

The Cirrus LT from NCS Technologies is the world’s first mobile zero client laptop computer. Photo courtesy of NCS Technologies.

 

 

Highground Services — A Successful Graduate of the Franklin Business Incubator

Friday, 1 May 2015 09:34 by Info@YesVirginia.org
John Warren and James Strozier, two former International Paper employees, put their experience together and became entrepreneurs when they created Highground Services in 2006. They co-founded the company with their wives, allowing it to qualify as a veteran-owned, SWAM (small, women-owned and minority) business...

John Warren and James Strozier, two former International Paper employees, put their experience together and became entrepreneurs when they created Highground Services in 2006. They co-founded the company with their wives, allowing it to qualify as a veteran-owned, SWAM (small, women-owned and minority) business.

The company provides high quality engineering services for process control, system automation and instrumentation projects.

The company was off to a fast start — they landed their first contract with International Paper in May 2007 and became a part of the Franklin Business Incubator that December.

When International Paper announced the closing of its Franklin Mill in 2009, this represented a substantial part of Highground Services’ sales.

Rather than be discouraged by the economic downturn and loss of their largest customer, Warren and Strozier seized the opportunity to hire displaced International Paper workers and expand their customer base. They also diversified their business by providing new services, including electrical construction and plant maintenance.

“We made a conscious decision to locate in a historically underutilized business zone and we really value being a part of this community,” said CEO James Strozier. “Our employees are tremendous and they worked tirelessly to help us not only survive, but thrive in what could have been a very challenging time.”

The company’s efforts have paid off in multiple ways. They received the Virginia Business Incubation Association's Donna Noble Incubator Client Award in 2009, UVA’s Darden School of Business Tayloe Murphy Resilience Awards in 2011 and the Franklin/Southampton Chamber of Commerce Business of the Year Award in 2010.

Highground Services has surpassed the $5 million revenue mark for the third straight year, and grown from four founders to 65 employees. The company is also poised to graduate from the Franklin Business Incubator and is in the process of purchasing a building across the street in downtown Franklin.

The entrepreneurial spirit and resiliency of Highground Services is a great reminder of the innovation that exists here in the Commonwealth as we celebrate Virginia Business Appreciation Month. To learn why Virginia offers the resources for entrepreneurs to start and grow their businesses, click here.

Co-founders Jim and Lisa Strozier (center) are joined by local officials in front of their new property in downtown Franklin, Va.

Shenandoah Valley Partnership Launches inDEMAND Jobs Site

Tuesday, 21 April 2015 10:28 by Info@YesVirginia.org
The Shenandoah Valley Partnership is partnering with WHSV-TV3 news to launch an educational campaign called “inDEMAND Local Career Opportunities...

The Shenandoah Valley Partnership is partnering with WHSV-TV3 news to launch an educational campaign called “inDEMAND Local Career Opportunities.”

The purpose of inDemand is to increase awareness about high-paying career opportunities in high-growth industries where there is a substantial demand for a qualified workforce. With the cost of higher education a concern for many families, this campaign will highlight rewarding jobs that require some additional training, but not a full four-year degree. 

Through linkage with Dream It, Do It — Virginia, the campaign will help both students and current employees match their career aspirations with programs and certifications offered through the Virginia Community College System, Career and Technical Education Centers, and four-year colleges and universities.

WHSV-TV3 is currently filming a series of three minute videos featuring 26 different careers that will be posted on their site at http://www.whsv.com/indemand. Governor McAuliffe kicked off the campaign earlier this month and his interview is included on the site.

The first video focused on high demand in the welding industry. Training to become a welder takes about six months and companies in the Shenandoah Valley are projected to hire 180 welders over the next 10 years.

Upcoming videos will discuss local demand for employees in the software development, mechatronics, accounting and trucking industries, to name just a few.

The Shenandoah Valley’s inDemand campaign highlights the premier workforce training programs that exist across the Commonwealth. To learn how Virginia is keeping its workforce up-to-date on the latest technology through its 15 public universities, 45 private institutions and 23 community colleges, click here.

Virginia Makes a Strong Showing on Kiplinger’s 2015 Best College Values List

Friday, 17 April 2015 16:00 by Info@YesVirginia.org
Virginia universities made a strong showing on Kiplinger’s annual Best Colleges list, all the more important in the current environment where finding a quality education at an affordable price has become increasingly challenging...

Virginia universities made a strong showing on Kiplinger’s annual Best Colleges list, all the more important in the current environment where finding a quality education at an affordable price has become increasingly challenging.

In the public categories list, University of Virginia was ranked No. 2, The College of William and Mary No. 5, James Madison University No. 29, Virginia Tech No. 35, Christopher Newport University No. 83, and University of Mary Washington was No. 84.

For the liberal arts category, Washington and Lee University received a No. 2 ranking, University of Richmond No. 10, and Christendom College was No. 57.

To calculate the rankings, the editors at Kiplinger looked at a number of metrics used to determine both quality and value. The list was drawn from more than 1,200 four-year higher education institutions across the U.S.

Quality was measured through admission rates, test scores of incoming freshman, freshman retention, students per faculty and four-year graduation rates.

Value was calculated by looking at the overall cost of education, the amount of need-based and non-need-based aid, the percentage of need met and student debt at graduation.

Virginia’s strong rankings in both the public and liberal arts categories show the breadth of the Commonwealth’s premier education offerings. Virginia has more than 575,000 students enrolled in 230 campuses across the state ensuring the workforce of tomorrow is prepared to meet industry needs. To learn more click here.

A view of the Rotunda at the University of Virginia. Photo courtesy of UVA and Cassidy Girvin.

VEDP and CCAM Receive Achievement in Innovation Award from Business Facilities Magazine

Tuesday, 14 April 2015 17:07 by Info@YesVirginia.org
Business Facilities magazine recently announced its 2015 Economic Development Awards and VEDP was a recipient of one of five Achievement in Innovation Awards for the Commonwealth Center for Advanced Manufacturing...

Business Facilities magazine recently announced its 2015 Economic Development Awards and VEDP was a recipient of one of five Achievement in Innovation Awards for the Commonwealth Center for Advanced Manufacturing.

The Business Facilities article mentioned how difficult it was to narrow down candidates this year because best practices are being implemented across the country, making CCAM’s recognition all the more meaningful.                                                          

According to the Business Facilities’ editorial staff, “The states that are ahead of the curve have developed innovation hubs for targeted growth sectors and created an environment that makes their locations fertile ground for emerging businesses. This year, we’re focusing our spotlight on five programs that have exhibited consistent excellence in the development of innovation hubs and three successful initiatives targeting entrepreneurs.”

CCAM is an applied research center that brings together Virginia’s leading manufacturing companies and educational institutions to turn research into real-world technologies and solutions. It operates out of a 62,000-square-foot facility located adjacent to the 1,000-acre Rolls-Royce Crosspointe Campus in Prince George County, Va.

CCAM is focused on advancing and commercializing manufacturing technologies in six key areas — surface engineering, manufacturing systems, machining technologies, welding, additive manufacturing and composite materials.

Operating as a public-private partnership, its roster is made up of five university members and 33 corporate and industry members, including globally recognized leaders Aerojet Rocketdyne, Airbus, Alcoa, Canon, Chromalloy, NASA, Newport News Shipbuilding, Oerlikon Metco, Rolls-Royce, Sandvik Coromant and Siemens.

This award highlights what the more than 5,600 manufacturing companies located in Virginia already know — that the Commonwealth is a hub of advanced manufacturing and offers companies the innovative environment to grow. To learn more click here.

A view of CCAM, adjacent to Rolls-Royce’s Crosspointe Campus, in Prince George County, Va.

VEDP’s Advertising Agency Wins Best in Show for Stone Brewing Kit

Monday, 13 April 2015 15:27 by Info@YesVirginia.org
We at VEDP are proud to congratulate our advertising agency, Elevation, for winning Best in Show in the Promotional Design & Advertising category at the Richmond Ad Club’s annual awards show...

We at VEDP are proud to congratulate our advertising agency, Elevation, for winning Best in Show in the Promotional Design & Advertising category at the Richmond Ad Club’s annual awards show.

Elevation helped us develop a unique presentation for the executive team at Stone Brewing Co. as part of our marketing process to win their East Coast location for Virginia.

During a meeting among Stone Brewing Co., the Governor, his administration, and other key members of the Virginia marketing team, VEDP organized a surprise visit from a character actor portraying Thomas Jefferson.

Agriculture was one of Jefferson’s greatest passions, and at Monticello he grew the ingredients to make his own ale, continuing Virginia’s more than 400-year brewing legacy.

Elevation developed a script for Jefferson to describe Virginia’s plentiful natural resources that would make an excellent home for Stone Brewing’s East Coast location. They also developed a kit filled with Virginia brewing ingredients for Jefferson to present to the Stone executive team — pure Virginia water, wheat, hops and molasses.

As everyone knows, the pitch was successful and Stone Brewing announced their plans to invest $74 million to construct a brewery, packaging hall, restaurant, gardens, retail store and offices in Richmond this past fall.

Virginia successfully competed against more than 20 states, and winning this competitive project from the country’s 10th largest craft brewing company has furthered the Commonwealth’s position as a serious player in the craft beer industry.

Food and beverage companies continue to find Virginia has the recipe for success. To learn why food processing companies have invested more than $2.1 billion in Virginia since 2004, click here.

An actor portraying Thomas Jefferson holds the Stone Brewing kit for a marketing presentation that won Best in Show at the Richmond Ad Club awards.

Magnets USA Celebrates 25 Years and a New Facility in Virginia

Friday, 27 March 2015 16:57 by Info@YesVirginia.org
Magnets USA recently celebrated 25 years in the Roanoke Valley region of Virginia. The company also hosted a ribbon-cutting ceremony for its new building in Vinton, Va...

Magnets USA recently celebrated 25 years in the Roanoke Valley region of Virginia. The company also hosted a ribbon-cutting ceremony for its new building in Vinton, Va.

Magnets USA moved from nearby Roanoke City into the former Grumman Fire Truck Corp. location, a newly-renovated, climate-controlled, 45,000-square-foot building. The grand opening event featured fire trucks previously manufactured at the Grumman building to commemorate its history.

The new facility will provide 70 percent more production space and allow the company to add 25 new jobs to its current workforce of 60. VEDP’s Virginia Jobs Investment Program is assisting the company with training funds for the new jobs.

Founded in 1990, the company began selling adhesive materials that magnetized business cards. Today, Magnets USA produces more than 20 million magnetized marketing products each year, including calendars, sports and event schedules, banners and business cards. 

Virginia’s premier business environment has allowed the company to successfully expand its customer base to include the real estate market, Chicago Bears, Salem Red Sox, Kid Rock Enterprises, Burning Man, Floyd Fest, the American Quilter’s Society and local schools.

Magnets USA has also worked with VEDP’s international trade team to increase global sales. The company currently exports to Canada, Mexico and the Caribbean.

The company’s history and success in Virginia is another example of the pro-business environment and resources the Commonwealth provides for growing companies. To learn more, click here.

The Magnets USA team prepares to cut the ribbon at the company’s grand opening ceremony for its renovated facility in Vinton, Va. Photo courtesy of Magnets USA.

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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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Richmond, Virginia Receives a Top 3 Ranking on Gallup’s Job Creation Index

Tuesday, 3 April 2012 13:26 by Info@YesVirginia.org
Richmond, Va., was recently ranked No. 3 on Gallup’s Job Creation Index. Comparing the 50 largest metro areas across the U.S., the index looks at net job creation — contrasting percentage of companies hiring against companies letting employees go...

Richmond, Va., was recently ranked No. 3 on Gallup’s Job Creation Index. Comparing the 50 largest metro areas across the U.S., the index looks at net job creation — contrasting percentage of companies hiring against companies letting employees go.

What makes this ranking unique is that it reflects the perception of the local workforce regarding job creation in their city. Gallup performed a survey over calendar year 2011, interviewing employees in each metro area about whether their employers were expanding or downsizing.

Thirty-six percent of Richmond’s workforce stated that their employer was expanding while only 14 percent said their company was decreasing its workforce, yielding a net job creation index score of 22.

Richmond’s No. 3 ranking illustrates the positive job creation momentum in Virginia, and the workforce survey correlates with actual results. Governor McDonnell recently announced that January’s seasonally adjusted unemployment in Virginia fell to 5.8 percent, a three-year low.

Coming shortly after Virginia was named the 2012 Best State to Make a Living by MoneyRates.com, Gallup’s Job Creation ranking illustrates the high quality of life and career opportunities employees find in Virginia, as well as why the Commonwealth is able to attract a world-class workforce. New and established companies alike continually praise the skill and productivity of Virginia’s workforce.

To learn more about Virginia’s stellar employee base and why the Commonwealth is continually ranked America’s Top State for Business, click here.

4G Wireless Comes to Southwestern Virginia

Monday, 26 March 2012 17:06 by Info@YesVirginia.org
Businesses and residents in Southwestern Virginia will soon enjoy faster, more consistent wireless network access. Over the next three years, The Virginia Coalfield Coalition will partner with Verizon Wireless to install the network that will reach 95,000 households and 2,600 businesses in seven counties.

Businesses and residents in Southwestern Virginia will soon enjoy faster, more consistent wireless network access. Over the next three years, The Virginia Coalfield Coalition will partner with Verizon Wireless to install the network that will reach 95,000 households and 2,600 businesses in seven counties.

The Virginia Tobacco Commission committed $7.5 million in grants to implement the Fourth Generation Long Term Evolution (4G LTE) wireless network. The 4G LTE network is the most advanced technology currently available and is up to 10 times faster than 3G service, according to Verizon. The project will be completed in three phases, upgrading many existing towers and building at least 11 new towers in 2013-2014. Officials expect the first towers to be operational as soon as October 2012. 

This investment will improve cellular phone service and also bring high-speed internet access to new areas, making Southwestern Virginia an even more appealing location for all businesses, particularly the high-tech industry. Global leaders such as Northrop Grumman, CGI and AT&T have all chosen to locate operations in the region. Southwestern Virginia also offers tech businesses access to high-speed broadband networks, a skilled workforce with tech-tailored training programs and low operational costs.

These easily accessible resources mirror a statewide trend, making Virginia an even more attractive place to do business. With the highest concentration of high-tech workers according to Cyberstates 2011, the Commonwealth has the workforce to support its expanding tech industry.

To learn why leading technology companies have invested more than $9 billion over the last ten years to grow their operations in Virginia, click here.

MWV Launches Center for Packaging Innovation Pilot Plant

Tuesday, 20 March 2012 12:57 by Info@YesVirginia.org
MeadWestvaco Corporation (MWV) recently opened its state-of-the-art pilot plant in Henrico County, Va., last week. The plant is part of MWV’s Center for Packaging Innovation, which the company moved to its corporate headquarters in Richmond, Va., from Raleigh, N.C. in 2010...

MeadWestvaco Corporation (MWV) recently opened its state-of-the-art pilot plant in Henrico County, Va., last week. The plant is part of MWV’s Center for Packaging Innovation, which the company moved to its corporate headquarters in Richmond, Va., from Raleigh, N.C. in 2010.

MWV’s Center for Packaging Innovation develops and tests new products and technologies as part of the company’s effort to find creative packaging solutions for customers across the globe. The 48,000-square-foot plant will allow the company to increase its pre-commercialization product testing. 

With five new labs MWV’s capabilities include wood fiber development, polymer compounding, metallurgy and corrosion analysis, coatings and materials testing, form/fill/seal machines, die-cutting, distribution and supply chain testing, equipment prototyping, injection molding and multi-layer extrusion and lamination, to name just a few.

The pilot plant is the latest in a series of investments this Fortune 500 company has made in the Commonwealth. MWV invested $80 million to move its corporate headquarters from Connecticut to Richmond, Va., in 2006, creating 400 new jobs. The company also announced an investment of $285 million in June 2011 to construct a new, state-of-the-art biomass boiler at its Covington Mill in Alleghany County, Va.  MWV has been a Covington employer since 1899.

These investments illustrate MWV’s confidence in Virginia’s talent and infrastructure to support innovative projects across the Commonwealth. According to MWV Chairman and CEO John A. Luke, Jr., “Virginia is not only our corporate home; it is a major base of operations and gateway for our business around the world.”

To learn why companies continue to invest in the Commonwealth and locate their headquarters in Virginia’s pro-business environment, click here.

Site Selection Magazine’s Governor’s Cup Awards Virginia a Top 5 Ranking

Thursday, 15 March 2012 11:07 by Info@YesVirginia.org
Where can a student work on a live project alongside classmates from the Schools of Arts, Business, Engineering, and the Humanities and Sciences? VCU’s da Vinci Center...

Where can a student work on a live project alongside classmates from the Schools of Arts, Business, Engineering, and the Humanities and Sciences? VCU’s da Vinci Center.

Companies in the greater Richmond area submit a product innovation problem to the da Vinci Center. Art, design, business and engineering students then work on cross-functional teams to develop an innovative solution, sponsored by the company.

The da Vinci Center prepares Virginia students to enter the workforce and hit the ground running, armed with the innovative and entrepreneurial thinking they will need to tackle everyday problems on the job. While students major in one area of study, the program allows them to see through the lens of multiple disciplines. It also emulates the way different departments work together to solve problems in a corporate environment.

Housed in the Pauley Pavilion, part of the School of Engineering, the center offers a multi-use space that facilitates product development from idea generation to market validation. Students have access to rapid prototyping machines and computer modeling and 3D object scanning equipment.

VEDP’s own economist, Michael Gilbert, was a da Vinci Center participant during his time at VCU. He worked on a minimally-invasive surgery trainer for physicians at MCV.

“The experience gained was invaluable,” said Gilbert. “Working on a cross-functional team with students from the School of the Arts, School of Engineering, and School of Business provided me insight and skills I still use today. Developing intellectual property on the team and through the course as an undergraduate is something I will never forget.”

The center offers two programs — an Undergraduate Certificate in Product Innovation and a Master of Product Innovation. The center is currently accepting applications for its spring 2015 class.

The da Vinci Center is yet another example of the cutting edge programs Virginia’s colleges and universities offer to prepare the workforce of tomorrow. To learn more about the Commonwealth’s premier higher education system, click here.

A group of students at VCU’s da Vinci Center develop a surgery trainer for MCV physicians. Photo courtesy of VCU da Vinci Center project team.

VEDP Receives Six Communications Awards at the 2014 SEDC Annual Conference

Wednesday, 3 September 2014 10:06 by Info@YesVirginia.org
VEDP received six communications awards for its marketing collateral at the SEDC (Southern Economic Development Council) Communication Awards Ceremony...

VEDP received six communications awards for its marketing collateral at the SEDC (Southern Economic Development Council) Communication Awards Ceremony.

The ceremony was held this August in conjunction with the 2014 SEDC Annual Conference in Atlanta, where more than 350 economic development professionals gathered for three days to learn about current economic development trends and strategies.

The six awards presented to VEDP included:

  • Special Judges Award for Online Content and Mobile Access recognizing VEDP’s website
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About VEDP

Virginia Economic Development Partnership is the Best State for Business

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

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About VEDP

Virginia Economic Development Partnership is the Best State for Business

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

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© Copyright 2018

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

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

A Successful Tomorrow Starts Today

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

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

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

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

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

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

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

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

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

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

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

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Volvo Trucks Achieves Energy Efficiency Goals

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

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

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

 

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Virginia Tech Corporate Research Park Receives Award of Excellence

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

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

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

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

The 2010 Award of Excellence

 

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From Rebuild to Reopen

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

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

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

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

Bennett’s praise is certainly not news to us here in Virginia. Our workforce is continually lauded by companies as hard-working, highly-skilled and educated, and diverse in their abilities and skill-sets. And as Virginians, we know that our workers aren’t just ready to perform the tasks at hand, they