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.
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.
Congratulations to Loudoun County for winning another expansion from data center provider, Digital Realty. The company officially broke ground on its fourth building in what’s known as “Data Center Alley” in Loudoun County, Va.
The two-story, 214,000-square-foot building will house 10 data centers and bring an $80 million investment along with 180 temporary positions and 12 full-time jobs to the area. With more than 50 percent of the world’s internet traffic flowing through Loudoun County each day, the region certainly has become a hub for leading data center operations. Add to that an energy rate 28 percent below the national average and 10 million square feet of data center capacity, and one can easily see why data centers are flocking to Virginia.
Data processing was actually the dominant sector across the Commonwealth in 2011, accounting for more than $960 million in capital investment and almost half of the nonmanufacturing investment. Virginia is poised to continue its growth in the sector as it has both the highest concentration of high-tech workers in the nation and the advanced telecom infrastructure across the Commonwealth to support the industry.
Virginia data centers claimed three of the top 10 spots in Southern Business & Development’s 2011 Ten Best Data Center Sites in the South list. In addition, Bristol, Va., was touted in the study Broadband at the Speed of Light as one of the first municipalities in the nation to build a citywide Fiber-To-The-Home network.
To learn why leading companies have invested more than $4.4 billion in Virginia data centers over the last ten years, click here.
State, local and company officials celebrated the opening of Digital Realty’s newest building at the groundbreaking ceremony in Loudoun County.
Governor McDonnell and Lieutenant Governor Bolling attended the ribbon-cutting ceremony in Henry County, Va., to celebrate the opening of ICF International’s Business Process Management operations center. The opening of the facility comes just over a year after the Governor announced the project would bring 539 new jobs and a $15 million investment to Southern Virginia.
As a global professional and technology services firm, locating near a skilled workforce is critical. Following the company’s $20 million expansion of its Fairfax County headquarters in 2010, this project is further validation of the strength of Virginia’s workforce across the state.
This victory also illustrates the breadth of Virginia’s technology infrastructure, another key deciding factor that helped the Commonwealth compete against Georgia, Maryland, Tennessee and West Virginia. Companies in Southern Virginia can take advantage of Mid-Atlantic Broadband Cooperative’s 800 mile open-access, fiber optic broadband network.
In the words of ICF International Chairman and CEO Sudhakar Kesavan, “ICF is proud to expand its operations in Virginia and to call the Commonwealth its home. As a professional services firm, ICF International maintains its global headquarters here, which offers the best combination of a robust economy, a pro-business climate, a high-quality workforce, and an outstanding quality of life for ICF employees. We are pleased to open this new operations center in Henry County and to build our workforce from local residents.”
With the highest concentration of technology workers in the country, Virginia continues to attract world-class companies and gain recognition as the Top State for Business. To learn more, click here.
Governor McDonnell addresses the crowd at ICF International’s ribbon-cutting ceremony in Martinsville, Va.
The Southern Virginia Higher Education Center’s Welding program held its first completion ceremony on December 10.The ceremony recognized the first 15 students to enroll in Welding@SVHEC, a short term, accredited training program that provides students with instruction in MIG, TIG, stick and pipe welding. This non-credit program is accredited by the National Center for Construction Education and Research. Welding instruction takes place in the SVHEC’s new, state-of-the-art welding lab.This program started in response to employer requests for more trained, certified workers. The SVHEC’s Workforce Services department worked with Virginia Technical Institute to bring this program to South Boston, Virginia. Virginia has a nationally acclaimed education system which ensures businesses have a steady pipeline of skilled workers, and now adds another industry recognized program to Southern Virginia. The Virginia Community College System provides occupational and technical training programs, many of which are designed specifically to meet the needs of surrounding employers. Welding@SVHEC is a great example of how Virginia works with both higher education and companies to provide students with industry specific skills. To learn more about Virginia’s 23 community colleges, located on 40 campuses around the state, click here.Class of 2015 Welding@SVHEC completers and instructors in South Boston, Virginia.
McKee Foods recently celebrated the 25th anniversary of its Stuarts Draft manufacturing facility in Augusta County, Va.
McKee Foods is known for its Little Debbie® line of snack cakes. The family business has grown from a five-person bakery in the 1930’s to America’s No. 1 brand of snack cakes.
The Stuarts Draft plant is one of the most advanced facilities in the baking industry. The company established the bakery in 1990 to produce oatmeal crème pies, honey buns and other bakery products.
The company’s most recent announcement in October 2014 included a $34 million investment and 54 new jobs to expand the facility.
McKee Foods employs more than 1,000 people and is the largest manufacturing employer in Augusta County. The company frequently credits the high productivity of its Virginia workforce as paramount to its success.
"We have found our Virginia workforce to be some of the most loyal and highly-skilled employees in the industry — and about 85 members of our Virginia workforce have been at the plant since it opened," said McKee Foods President and CEO Mike McKee.
In addition to a strong manufacturing workforce, Virginia provides McKee Foods with a strategic location, offering easy access to the company’s Northeastern and Canadian customers. Located in the beautiful Shenandoah Valley, the Stuarts Draft location offers McKee employees a high quality of life with close proximity to the Blue Ridge Parkway, Appalachian Trail and numerous national parks.
To learn why more than 580 leading food and beverage companies, like McKee Foods, have chosen to locate in Virginia, click here.
Representatives from McKee Foods, Augusta County and VEDP celebrate the company’s 25th anniversary in Stuarts Draft, Va. Photo courtesy of McKee Foods Corp.
Denbigh High School’s Aviation Academy in Newport News, Va., was added to the 2013-2014 list of Partnership Response in Manufacturing Education (PRIME) programs for the upcoming school year. Only 11 schools across the country were added this year.
PRIME is a program developed by the SME Education Foundation to prepare students for manufacturing careers by advancing education in STEM (Science, Technology, Engineering and Math) subjects. It employs a community-based, real-world approach to education, forging partnerships between schools, higher education institutions, companies and the community.
To become part of the PRIME program, a school must have an exemplary manufacturing curriculum that has been in place for at least three years. The program must include both academic and hands-on fabrication instruction; access to local colleges with the opportunity to participate in postsecondary programs; and access to local manufacturing companies for company tours, job shadowing and mentoring opportunities.
PRIME is part of SME’s initiative to support the reshoring of manufacturing jobs to the U.S. and ensure we have a strong pipeline of skilled manufacturing workers to support future industry needs.
Denbigh High School’s Aviation Academy offers a four-year magnet program that prepares students for careers in engineering, aviation and electronics. Students take a number of classes at the Newport News/Williamsburg International Airport, including an FAA Pilot Ground School course. The academy provides students with cutting-edge electronics and technology equipment, and students are encouraged to pursue college dual enrollment opportunities.
Denbigh High School’s Aviation Academy is another example of Virginia’s exemplary secondary education system, preparing graduates to enter the manufacturing workforce or pursue more advanced degrees at the Commonwealth’s leading higher education institutions. To learn more, click here.
At 10:58 a.m. yesterday morning, Orbital Sciences successfully completed the second launch of its Antares rocket and Cygnus spacecraft from Pad-OA of the Mid-Atlantic Regional Spaceport (MARS) at NASA’s Wallops Flight Facility on the Eastern Shore of Virginia.
This mission is the first time a spacecraft launched from Virginia will visit the International Space Station.
Antares will deliver the Cygnus spacecraft along with 1,300 pounds of food, clothing and other cargo to the Expedition 37 crew on the International Space Station.
The Cygnus spacecraft is scheduled to arrive at the International Space Station on Sunday, September 22. Prior to its arrival, Cygnus will perform a series of tests and maneuvers to demonstrate its readiness to rendezvous with the space station. On Sunday, the crew of Expedition 37 will operate the station’s 57-foot robotic arm to grapple Cygnus and maneuver it into the docking station.
The purpose of this mission is to demonstrate the capabilities and readiness of Orbital Sciences’ cargo delivery system as part of its Commercial Orbital Transportation Services (COTS) program with NASA. Orbital Sciences successfully completed the inaugural test flight of Antares and Cygnus in April.
Subsequently, Orbital Sciences will carry out eight resupply missions through 2016, delivering approximately 20,000 kilograms of cargo to the International Space Station as part of its $1.9 billion Commercial Resupply Services contract with NASA.
These resupply missions will aid the crews of the International Space Station in carrying out scientific experiments in a microgravity research lab.
Following the historic LADEE launch just over a week ago, Virginia’s leadership in space exploration is evident. Through the MARS facility, Virginia offers one of only four commercial sites approved by the FAA for orbital space launches.
To learn more about Virginia’s thriving aerospace industry, click here.
Orbital Sciences' Antares rocket and Cygnus spacecraft launch from Pad-OA of the Mid-Atlantic Regional Spaceport (MARS) at the NASA Wallops Flight Facility in Virginia. Photo color-enhanced and courtesy of NASA/Bill Ingalls.
Virginia’s new MACH37 Cyber Accelerator recently opened at the Center for Innovative Technology (CIT) in Herndon, Va., just five months after the announcement of its creation.
The MACH37 accelerator program is designed to capitalize on Virginia’s expertise in the cybersecurity industry and help launch additional start-up companies developing innovative technology in this area.
The first five companies selected for this program are Cypherpath, Key Cybersecurity Inc., Pierce Global Threat Intelligence, CyberLingua, and Sikernes.
These companies will participate in two 90-day sessions. At the beginning of the first session, they will receive seed funding, followed by introductions to a network of cybersecurity experts and investors to help mentor and develop their products and technology.
At the end of the first 90-day session, the companies will go before a professional panel on Demo Day. If the presentation is successful, selected companies will receive additional funding and be allowed to participate in the second 90-day session.
The MACH37 Cyber Accelerator is modeled after the Y-Combinator, an accelerator program in Silicon Valley that has helped develop more than 460 companies. The MACH37 program helps cybersecurity entrepreneurs bridge the gap between idea generation and commercialization.
The program is named after the escape velocity of Mach 37, the minimum velocity needed to launch passed the earth’s gravitational field.
MACH37’s location at CIT is in the hub of the Dulles Technology Corridor, providing early stage companies access to a solid pipeline of high-tech employees.
In addition, CIT is partnering with Virginia Tech to develop a cyber test range available to MACH37 companies. This remotely-accessible test center will be located nearby at Virginia Tech’s Hume Center for National Security and Technology in Arlington, Va.
The MACH37 Cyber Accelerator is another shining example of how Virginia’s public and private institutions partner to create an innovate environment for entrepreneurs to create new products and technology.
To learn more about Virginia’s pro-business research and development opportunities, click here.
Governor McDonnell meets with members of the cybersecurity community during the MACH37 Cyber Accelerator grand opening event at CIT in Herndon, Va.
At approximately 11:27 p.m. on Friday, September 6, NASA, Orbital Sciences and the Virginia Space Flight Authority launched the LADEE (Lunar Atmosphere and Dust Environment Explorer) Mission from Virginia’s Mid-Atlantic Regional Spaceport (MARS) Pad OB at NASA’s Wallops Flight Facility on Virginia’s Eastern Shore.
The LADEE Mission accomplishes a number of firsts—it is the first deep space mission to launch from the Wallops Flight Facility, as well as the first payload to launch on the U.S. Air Force’s Minotaur V rocket. The Minotaur V launch vehicle was built by Virginia company Orbital Sciences.
The LADEE spacecraft was constructed using Modular Common Spacecraft Bus Architecture, representing a departure from custom design towards assembly production and multi-use design in order to reduce costs.
Upon completing three phasing orbits around the earth, the LADEE spacecraft will enter the moon’s orbit through a three-minute Lunar Orbit Insertion maneuver that involves firing the spacecraft’s onboard propellant for approximately three minutes.
After being captured by the moon’s gravitational field, LADEE will orbit around the moon for a 100-day science phase to collect data and study the lunar atmosphere. The moon’s atmosphere is classified as a surface boundary exosphere, a thin layer that is theorized to be the most common type of atmosphere in the universe.
Scientists hope to determine the density, composition and variability of the moon’s atmosphere, as well as learn more about the lunar dust environment. Knowledge gained through this mission can be extrapolated to the atmosphere of other planets, including Earth.
With another Antares mission expected to launch in mid-September from the MARS facility, Virginia remains at the forefront of U.S. space exploration. MARS is one of only four commercial sites authorized by the FAA for orbital space launches, and offers an ideal trajectory for earth orbit insertion.
To learn more about Virginia’s burgeoning aerospace industry, click here.
The LADEE Mission launches from Virginia’s Mid-Atlantic Regional Spaceport at NASA’s Wallops Flight Facility on September 6. Photo courtesy of NASA/Carla Cioffi.
Service Center Metals recently celebrated 10 years of doing business in Prince George County, Va. The ceremony, attended by Lieutenant Governor Bill Bolling, included a ground-breaking celebration for a second plant at the SouthPoint Business Park location.
Service Center Metals was founded in 2002 by three former Reynolds Metals executives to produce aluminum extruded products. As its name implies, Service Center Metals has chosen to focus exclusively on a unique niche—service center customers.
After weathering the ups and downs of the last 10 years, the company now boasts more than 120 employees and $145 million in revenue. Since its opening, Service Center Metals has produced more than 635 million pounds of extrusions.
The company’s expansion includes a compact remelt plant that will be located adjacent to its extrusion plant. Currently, Service Center Metals must ship its aluminum scrap to and from a third-party provider to be remelted. Bringing this process in-house will allow the company to better recycle its scrap materials, as well as serve its customers more quickly and in an environmentally-friendly way.
As a home-grown manufacturing company, Service Center Metals is a strong example of the success entrepreneurs experience when they start a business in the Commonwealth. To learn more about Virginia’s innovative business environment, click here.
Lieutenant Governor Bill Bolling (left center) joins company and local officials at the Service Center Metals ground-breaking ceremony in Prince George County, Va.
In its sixth edition of Rich States, Poor States, the American Legislative Exchange Council (ALEC) recognized Virginia at No. 5 in its 2013 Economic Outlook ranking.
The Economic Outlook category measures how a state is expected to perform in the future based on 15 policy areas controlled at the state level. The study points out the direct correlation between policy decisions and a state’s level of economic competitiveness.
Virginia has historically performed strongly in the Economic Outlook category—in five out of the last six years the Commonwealth has scored in the top five.
Virginia was the only state in the mid-Atlantic to break the top 10.
Rich State, Poor States highlights some of Virginia’s pro-growth policies that enabled it to achieve a top ranking. The Commonwealth’s pro-growth tax policies, fairness of its legal system, low workers’ compensation costs and right-to-work status were among the reasons Virginia’s economic outlook remains strong.
In addition, Virginia offers companies a corporate tax rate of six percent that remains unchanged since 1972, electricity costs below the national average, and the second lowest unemployment insurance tax rate in the nation.
Virginia has been providing companies with the right location and resources to succeed for more than 400 years. To learn why the Commonwealth continues to receive top accolades, click here.
Today, VEDP announced the launch of its ‘Going Global’ initiative as part of its strategy to help Virginia defense companies mitigate the effects of sequestration.
Sequestration is the name for the automatic federal spending cuts that began on March 1 as part of the Budget Control Act of 2011, enacted by Congress to resolve the U.S. debt-ceiling crisis. The impact of Sequestration has been less severe than expected—Department of Defense contracts decreased from $56.9 billion in FY2011 to $51.5 billion in FY2012. However, the Commonwealth is the top state for DoD contracts, raising concerns that lost contracts could results in lower revenues for Virginia companies unless they can find new customers.As part of its sequestration mitigation strategy, VEDP is working with Virginia defense companies to help them find those new customers overseas. The receipt of nearly $2 million in federal and state funds will allow VEDP to augment some of its most successful programs already underway within the International Trade division. For example, defense companies will be able to utilize VEDP’s Global Network team of in-country consultants from more than 55 countries. Market research services include compiling background information, identifying potential distributors, conducting due diligence, arranging matchmaking appointments with potential partners and customers, assessing competition, and helping companies understand the regulatory environment. VEDP will be able to assist companies with export compliance. Virginia companies participating in this program will receive an export compliance analysis, including guidance on completing a Commodities Jurisdiction Analysis and submitting the required paperwork to the Department of State in compliance with International Traffic in Arms Regulations.The grant will also allow companies to enhance their marketing and digital presence to target foreign markets through website translation and search engine optimization.VEDP recently released an export guide for defense companies titled Export Opportunities for Virginia’s Defense Industry. The guide outlines regulations, processes and strategies specific to the defense industry, and contains marketing and sales best practices for both new and experienced exporters. VEDP’s International Trade division offers a wide variety of programs to help Virginia companies succeed in the global marketplace. To learn more, click here.
Once again, Virginia colleges and universities made a strong showing on the Forbes 2013 America’s Top Colleges list.
Nine Virginia institutions were ranked in the Top 200 in the Overall Category: Washington and Lee University (No. 21), University of Virginia (No. 29), College of William and Mary (No. 44), Virginia Military Institute (No. 87), University of Richmond (No. 88), Virginia Tech (No. 110), James Madison University (No. 168), Hampden-Sydney College (No. 189), and George Mason University (No. 197).
Virginia schools also stood out in a number of categories. Washington and Lee University was ranked No. 20 on the Best Private Colleges list, and James Madison University came in at No. 21 on the Best Value Colleges List.
Three Virginia schools made the Top 25 in the Best Public Colleges category. University of Virginia was ranked No. 4, College of William and Mary was ranked No. 9, and Virginia Military Institute came in at No. 17.
What is unique about this ranking is that Forbes focuses on ROI and what students get out of their college experience. Forbes looks at five areas to determine its rankings—student satisfaction scores, post-graduate success, student debt, graduation rates and nationally recognized awards.
Virginia’s higher education system currently includes more than 450,000 students enrolled at institutions ranging from 15 comprehensive public institutions, eight of which offer doctoral programs, more than 50 private accredited four-year colleges and universities, and 23 public community colleges.
The quality of Virginia’s workforce is often cited as a critical advantage by companies in the Commonwealth, and with a world-class higher education system, Virginia is poised to maintain a strong pipeline of skilled workers.
To learn how Virginia’s premier higher education system is preparing a skilled workforce for the future, click here.
Today, Virginia’s Gateway Region opened The Gateway Center for Enterprise in Colonials Heights, Va., with the first of many third Thursday networking events.
Today’s event was geared towards new entrepreneurs, with a speaker panel that provided information on how to start and grow a small business. Future third Thursday topics include how to access capital and leadership skills for innovators.
The focus of The Gateway Center is to support local entrepreneurs through a variety of programs, including training, networking events, one-on-one counseling, mentorship programs, and access to the office, library and resource center of Virginia’s Gateway Region.
The Gateway Center was made possible through partnerships with The Center for Women's Enterprise at REDC Community Capital Group and the Crater Small Business Development Center at Longwood University.
The center is housed within the main office of Virginia’s Gateway Region, a regional economic development group that supports the cities of Colonial Heights, Hopewell and Petersburg, and the counties of Chesterfield, Dinwiddie, Prince George, Surry and Sussex.
Located in Central Virginia, the Gateway Region offers companies easy access to U.S. and international markets through Virginia’s premier transportation network. Advanced manufacturing, global logistics and food processing companies have been drawn to the area’s skilled workforce and access to top education and research institutions.
The Gateway Center is another example of the innovative environment Virginia offers to entrepreneurs. To learn more about starting a business in the Commonwealth, click here.
Virginia's Gateway Region houses The Gateway Center for Enterprise in Colonial Heights, Va.
Patrick Henry Community College (PHCC) began offering tours of its Fab Lab this summer. The Fab Lab is short for digital fabrication laboratory, which gives students and local businesses access to 3D design and prototyping equipment to create new products and inventions.
The Fab Lab concept originated at MIT’s Center for Bits and Atoms. In November 2011, PHCC, the New College Institute and Martinsville-Henry County Economic Development Corporation sponsored a two-week visit from the Mobile Fab Lab of the Carolinas. During that time the lab received more than 300 visits from interested students and community members.
Working with the same partners, PHCC was able to obtain funding from the Virginia Community College System to purchase equipment and establish its own Fab Lab.
Located at the The Artisan Center in Martinsville, the 1600-square-foot Fab Lab houses a Roland MDX 20 mini mill, Roland CAMM-1 Servo GX-24 vinyl cutter, Stratasys uPrint SE Plus FDM 3D printer, Morgan Industries Morgan Press G-100T Injection Molder, Formech 686 Vacuum Former, Universal Laser 4.60, Routermate 4’ x 4’ CNC router and Torchmate 2’ x 4’ CNC plasma cutter.
The 10 Dell workstations in the lab offer open source software, which allows entrepreneurs and students to seamlessly continue their work at home or in other locations.
The Fab Lab has generated a lot of interest among students and business partners in the community. Lab Coordinator Matthew Wade estimates the lab has seen more than 100 visitors since its soft launch in April.
The lab will host a grand-opening event this fall to coincide with its first class, a basic manufacturing class that will teach students and entrepreneurs how to use the equipment in the lab to bring their ideas to life.
“Inventors can create designs with our software, use the vinyl cutter and CNC mill to fabricate and carve out a circuit board, and then utilize our 3D printer to produce a working model of their new product idea,” said PHCC Lab Coordinator Matthew Wade.
The PHCC Fab Lab is another example of the cutting-edge technology available at Virginia’s colleges and universities, helping prepare a strong pipeline of technically-skilled workers. According to the U.S. Chamber of Commerce’s recent Enterprising States study, Virginia is the No. 1 state in STEM job concentration and has the No. 1 share of high-tech businesses.
To learn more about Virginia’s leading higher education system and workforce preparation programs, click here.
A view of the Patrick Henry Community College Fab Lab in Martinsville, Va.
This week, VEDP attended the SelectUSA Investment Summit, a high-profile event in Washington, D.C. dedicated to promoting foreign direct investment (FDI) in the United States. We had the opportunity to connect with companies all over the world to discuss the benefits of doing business in Virginia.
Governor Terry McAuliffe hosted a Virginia reception to showcase the Commonwealth’s assets and participated in a workforce development panel during the conference.
Global investment supports nearly 487,000 jobs in Virginia. These direct FDI and related supply chain jobs earn higher compensation than the overall state average.
During SelectUSA 2015, VEDP met ELDOR Corporation for the first time. Following the Summit, Governor McAuliffe traveled to ELDOR’s headquarters in Italy to meet with company leadership. Less than one year after first meeting at SelectUSA, ELDOR announced their plans to invest $75 million and create 350 new jobs at their North American regional headquarters in Botetourt County.
More than 700 internationally-owned companies call Virginia home, including Canon, Stihl and Rolls-Royce. Cost-effective operations, pro-business values, global logistics assets and easy access to the U.S. market are just a few of the unique resources that allow businesses to prosper here.
From 2009 to 2014, international companies announced more than 15,000 new jobs and $4.6 billion investment in the Commonwealth. To learn why companies choose Virginia for internal investment, click here.
Governor McAuliffe participated in a workforce development panel during SelectUSA.
Sumitomo Machinery Corporation of America (SMCA) is celebrating the 50th anniversary of its North American headquarters, located in Chesapeake, Virginia.
Sumitomo Machinery Corporation of America is a subsidiary of Sumitomo Heavy Industries, one of the largest manufacturers of machinery in Japan and the global leader in power transmission knowledge and innovation. SMCA is the premiere power transmission and control solution provider and has customers across the U.S. and globally.
In 1987, Sumitomo relocated to Chesapeake from New Jersey and constructed a new manufacturing facility for the production of its cyclo drive technologies, speed reducers, speed variators, motors and related industrial gears.
Sumitomo has experienced consistent growth since joining the Commonwealth. In 2009, SMCA announced its first Engineering and Service Center would open in Chesapeake, and in 2012, they shared plans for the first phase of a three year investment strategy to transition their 250,000-square-foot facility from an assembly and distribution center to an assembly and manufacturing facility.
In August 2013, the company announced a definitive merger agreement with Hansen Industrial Transmissions Inc., a leading provider of large size industrial gear drives, which operates at the HNA facility in Verona, Virginia.
Since locating to Virginia, Sumitomo has invested over $60 million in the Commonwealth and has 264 employees in Chesapeake, Suffolk and Verona.
Virginia’s strategic central location on the U.S. East Coast and access to the Port of Virginia has made an ideal home for Sumitomo.
To learn why more than 5,500 manufacturing companies like Sumitomo have chosen to locate in Virginia, click here.
Mayor of Chesapeake Alan Krasnoff and Secretary of Commerce and Trade Maurice Jones recognize Sumitomo leadership during the anniversary event.
Virginia is celebrating Business Appreciation Month by showcasing Georgia Pacific and the 125th anniversary of its Big Island paper mill in Bedford County, Virginia.
Georgia Pacific is one of the world’s leading manufacturers and distributors of tissue, pulp, paper, packaging, building products and related chemicals. Located just north of Lynchburg on the James River, Big Island mill is one of four Georgia Pacific locations in Virginia. The other facilities are located in Gladys, Emporia and Ridgeway.
The Big Island mill has been in continuous operation since 1891, when the first roll of paper was produced. The mill has faced ownership changes, fire, floods, and machinery and technological shifts during the past 125 years.
The paper mill’s most recent announcement in 2015 included a $50 million investment to improve reliability and environmental performance and upgrade technology.
To mark the mill’s 125 years of continual operation, Georgia-Pacific has launched a year-long commemoration throughout 2016 to honor the mill’s history, celebrate generations of employees and to thank the community for its enduring support.
The Big Island facility employs about 330 people and is Bedford County’s oldest business. The company credits its success to the community, which helped sustain and support Big Island and generations of families who continue to work at the mill for more than a century.
In addition to a strong manufacturing workforce, Virginia provides Georgia Pacific with a strategic location, offering easy access to the company’s customers. Located on the upper James River, the Big Island location offers employees a high quality of life with close proximity to the Blue Ridge Mountains, scenic hiking and biking trails, and numerous national parks.
As we celebrate Virginia Business Appreciation month, Georgia Pacific’s Big Island paper mill serves as a great example of how Virginia can offer long-term prosperity. To learn why companies like Georgia Pacific call Virginia home, click here.
An undated photo of a maintenance crew working at the Big Island paper mill.