Carded Graphics Continues Growth Trajectory in Staunton, Va.

Friday, 14 September 2012 14:00 by Info@YesVirginia.org
On Wednesday, Carded Graphics announced plans to expand its production capacity in Staunton, Va., bringing a $7 million investment and 34 new jobs to the Shenandoah Valley region...

On Wednesday, Carded Graphics announced plans to expand its production capacity in Staunton, Va., bringing a $7 million investment and 34 new jobs to the Shenandoah Valley region.

A leading producer of custom folding cartons and paperboard packaging, the additional capacity will allow Carded Graphics to meet growing customer demand for its award-winning graphics, packaging design, printing, die-cutting, and state-of-the-art converting technology.

Originally founded in Virginia, the company has morphed and relocated through a number of acquisitions. Since returning to the Commonwealth in 2006, the company has doubled in size.

The City of Staunton offers a prime location for the company’s 120,000-square-foot facility, which houses Carded Graphics’ corporate offices and production plant. Located near the interchange of I-81 and I-64, the company can easily access Virginia’s premier transportation network with convenient reach to customers across the U.S.

In addition, Carded Graphics plays a key role in the Shenandoah Valley supply chain, providing packaging to nearby companies, including Hershey’s, Hollister, and ASR.

With its low-cost operating environment, highly-skilled workforce and robust transportation infrastructure, Virginia continues to be a prime location for advanced manufacturers, attracting more than $13.8 billion in capital investment over the last decade.

To find out what more than 6,000 Virginia manufacturing establishments already know, click here.

Montgomery County Gains another 50 Jobs—Social Media Company Heyo Expands

Wednesday, 12 September 2012 08:55 by Info@YesVirginia.org
Heyo, formerly known as Lujure Media Inc., just announced plans to invest $100,000 and create 50 new jobs in Blacksburg, Va., located in Montgomery County...

Heyo, formerly known as Lujure Media Inc., just announced plans to invest $100,000 and create 50 new jobs in Blacksburg, Va., located in Montgomery County.

Founded by students at Virginia Tech and Radford University in 2010, Heyo is a shining example of the innovation and creativity of Virginia’s entrepreneurs. The company provides an easy-to-use platform that allows users to drag and drop Facebook fan pages, mobile apps and websites.

Virginia’s universities thrive when it comes to cultivating the entrepreneurial spirit necessary to create next generation technologies. Heyo’s student entrepreneurs received guidance along the way through entrepreneurial programs at their respective universities.

CTO Brian Putt was a member of Radford University’s Collegiate Entrepreneurs club. CEO Nathan Latka and CFO Josh Gunter both attended Virginia Tech and the trio entered Heyo into the Virginia Tech Student Business Competition in 2011, winning the $5,000 grand prize. The competition was sponsored by the Virginia Tech KnowledgeWorks Third Annual Entrepreneurship Summit. 

With easy access to tech-savvy grads, Heyo’s decision to remain in Blacksburg is certainly a positive reflection on the local talent pool. According to CEO Nathan Latka, “The close knit community makes it easy to build culture and hire top tier talent from top ranked local universities like Virginia Tech and Radford University.”

No stranger to top IT talent, Virginia boasts the highest concentration of high-tech workers according to Cyberstates 2011.

Governor McDonnell designated 2012 as “The Year of the Entrepreneur,” and Heyo’s rapid success is a great example of why Virginia is the best place for entrepreneurs.

To learn more about Virginia’s robust technology industry, click here.

Multiple Virginia Locations Ranked Top Ten by CNN Money’s Best Places to Live

Friday, 7 September 2012 14:08 by Info@YesVirginia.org
CNN Money magazine named Reston, Va., No. 7 in the overall ranking in its Best Places to Live: America’s Best Small Cities report. Reston earned a top ten placement due to its unique combination of exceptional access to growing job markets and high quality of life.

CNN Money magazine named Reston, Va., No. 7 in the overall ranking in its Best Places to Live: America’s Best Small Cities report. Reston earned a top ten placement due to its unique combination of exceptional access to growing job markets and high quality of life.

Reston’s strategic location between Washington, D.C., and Dulles International Airport continues to attract a growing number of national and international firms in the government, defense, and technology sectors. The community also offers residents access to a thriving downtown and some of the nation’s most highly-rated schools.

In one important subcategory, Fastest Job Growth, three Virginia counties also won high honors.

Loudoun County earned the No. 1 spot for Fastest Job Growth and experienced the highest percentage of job growth in the nation. A leader in the technology sector, more than 50 percent of all internet traffic flows through the county daily. Now home to more than 4.3 million square feet of data centers, it is easy to see why Loudoun has earned the nickname “Data Center Ally.”

Another Northern Virginia location, Prince William County, received the No. 8 ranking for Fastest Job Growth. Prince William benefits from major military employers including Quantico Marine Corps Base. Excellent quality of life in Prince William County keeps these highly-skilled workers in the region even after they exit military service.

Suffolk County, ranked No. 9 for Fastest Job Growth, offers many distribution and logistical advantages. Located in southeast Virginia, the county offers close proximity to the Port of Virginia and is serviced by two railroads and multiple interstates.

With so many unique and diverse locations Virginia continues to be recognized as a top state for business.  To learn more about these and other locations fostering growth in Virginia click here.

Aeroprobe Corporation Expands into Montgomery County, Va.

Thursday, 6 September 2012 09:01 by Info@YesVirginia.org
Homegrown Virginia company Aeroprobe Corporation just announced plans to relocate its headquarters and add a manufacturing operation in the Town of Christiansburg in Montgomery County’s Falling Branch Corporate Park. The project is expected to bring a $3 million investment and 40 new jobs to the area...

Homegrown Virginia company Aeroprobe Corporation just announced plans to relocate its headquarters and add a manufacturing operation in the Town of Christiansburg in Montgomery County’s Falling Branch Corporate Park. The project is expected to bring a $3 million investment and 40 new jobs to the area.

Aeroprobe will remain in the New River Valley region, relocating its headquarters from Blacksburg to Christiansburg and establishing a manufacturing operation in order to accommodate increased demand for its products. The company grew by 76 percent in 2011 and expects to increase by 103 percent in 2012.

The new facility at Falling Branch Corporate Park will include 20,000 square feet of space with room to expand to 40,000 square feet.

Aeroprobe Corporation also operates a satellite facility in Blacksburg Industrial Park which houses the company's high-speed wind tunnel.

The company elected to remain in Virginia due to the Commonwealth’s strong manufacturing workforce and the high quality of life Montgomery County offers. With its close proximity to Virginia Tech, ranked one of the best universities for aerospace employee recruitment by Aviation Week & Space Technology, the company has easy access to a steady supply of engineers and high-tech employees. 

According to Aeroprobe CEO Nanci Hardwick, “We are delighted to live and work in one of the most beautiful places in the world. The availability of highly technical talent in a business friendly community made Montgomery County our first choice to house our international operations.”

A leading manufacturer of air data measurement equipment, Aeroprobe illustrates the diversity of Virginia’s aerospace industry. The company’s products have been used by Boeing, Lockheed Martin, Air Bus and NASA.

To learn more about Virginia’s aerospace industry and why aerospace companies have invested more than $1.5 billion in the Commonwealth over the last 10 years, click here.

The Vitamin Shoppe Brings First Distribution Center to Virginia

Tuesday, 4 September 2012 16:41 by Info@YesVirginia.org
On Friday, The Vitamin Shoppe announced plans to establish its first Virginia distribution facility in Hanover County. The operation will be located at the Virginia Transportation Park in Ashland, Va., and will bring a $39.4 million investment and 174 new jobs to the Central Virginia region...

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

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

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

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

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

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

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

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

Virginia’s Metro Areas Win Four Top Ten Rankings from Business Facilities Magazine

Friday, 31 August 2012 10:49 by Info@YesVirginia.org
Four Virginia locations received top ten rankings from Business Facilities Magazine’s 2012 Metro Rankings Report. Now in its eighth year, the report recognizes future economic leaders by ranking more than 350 Metropolitan Statistical Areas (MSAs) in 13 categories.

Four Virginia locations received top ten rankings from Business Facilities Magazine’s 2012 Metro Rankings Report. Now in its eighth year, the report recognizes future economic leaders by ranking more than 350 Metropolitan Statistical Areas (MSAs) in 13 categories.

Arlington and Richmond, Va., both earned top ten placements for Best Quality of Life. Virginia’s 57 state and national parks, top-ranked schools, low unemployment and abundant cultural resources routinely garner national attention.

Arlington, ranked No. 3, boasts the highest per capita income and the highest home values in the region, while Richmond, ranked No. 9, offers the state’s top ranked hospital and largest four-year college.

The Blacksburg-Christiansburg-Radford, Va., area received a top five win in the Jobs Growth Leaders category with a No. 4 ranking.  Home to Virginia Tech, Radford University and New River Community College, the region’s rapid growth is supported by a highly educated workforce.

Norfolk, Va., gained the No. 7 spot in the Logistics Leaders - Ports category. The Port of Virginia is the deepest port on the U.S. East Coast, linking Virginia to nearly 400 ports in more than 100 countries worldwide.
 
To learn more about Virginia’s winning combination of outstanding quality of life, strong workforce and excellent infrastructure click here.

GE Celebrates One-Year Anniversary and 100 Hires in Henrico County

Thursday, 30 August 2012 16:46 by Info@YesVirginia.org
Exactly one year after opening its Henrico County Information Security Technology Center, GE has already hired 100 people. Following the company’s announcement in April 2011, GE is ahead of schedule for the 200 new jobs it expects to create over the next few years...

Exactly one year after opening its Henrico County Information Security Technology Center, GE has already hired 100 people.

Following the company’s announcement in April 2011, GE is ahead of schedule for the 200 new jobs it expects to create over the next few years.

With more than 300,000 employees operating in 100 countries, safeguarding GE and customer data is an enormous task. Utilizing the center’s state-of-the-art cyber forensics lab and cyber intelligence monitoring center, teams are focused on developing innovative solutions to keep company information secure.

Locating near a skilled, high-tech workforce was critical for GE. With the highest concentration of high-tech workers according to Cyberstates 2011, Virginia proved to be the right location.

Virginia also offers companies the ability to partner with leading universities at the forefront of research and development in the field of cyber security.

George Mason University’s International Cyber Center, The Hume Center for National Security and Technology at Virginia Tech, and James Madison University’s Institute for Infrastructure and Information Assurance are just a few of the leading programs preparing a solid pipeline of high-tech workers in Virginia.

To learn why companies consider Virginia a world-class center for technology, investing more than $7.9 billion in Virginia IT projects over the last ten years, click here.

Backcountry.com Opens East Coast Fulfillment Center in Montgomery County, Va.

Wednesday, 29 August 2012 13:29 by Info@YesVirginia.org
On Friday, Backcountry.com celebrated the opening of its East Coast fulfillment center in Montgomery County, less than a year after the company announced it would invest $20 million and create 200 new jobs...

On Friday, Backcountry.com celebrated the opening of its East Coast fulfillment center in Montgomery County, less than a year after the company announced it would invest $20 million and create 200 new jobs. 

Secretary Cheng attended the ribbon-cutting ceremony, congratulating the company on its swift progress preparing the facility at Falling Branch Corporate Park.

As the largest online specialty retailer of premium outdoor gear, Backcountry.com is known for its fast delivery times and selected the Commonwealth for its strategic East Coast location and world-class logistics network. With 14 railroads, six major interstate highways, 9 commercial airports and the international Port of Virginia, the Commonwealth offers easy access to customers on the East Coast and beyond. 

To maintain its reputation for excellent customer service, locating near a skilled workforce was critical to Backcountry.com. With its close proximity to the Appalachian Trail and Washington-Jefferson National Forest, Montgomery County caters to outdoor enthusiasts, drawing a talented and passionate labor pool closely aligned with the company’s mission.

Virginia continues to be a leading location for fulfillment and distribution centers—Ace Hardware, Amazon.com, Home Depot, McKesson Corp, QVC, Target and Wal-Mart have all established operations in the Commonwealth.

Over the last ten years global logistics companies have announced more than 360 projects, totaling more than $1.6 billion in capital investment. To learn more about Virginia’s premier location and logistics infrastructure, click here.

Secretary Cheng (left) joins company and local officials as Co-Founder and Executive Chairman Jim Holland cuts the ribbon with one of Backcountry.com’s products.

Global Tech Leader iGATE Expands U.S. Presence in Loudoun County

Wednesday, 22 August 2012 16:16 by Info@YesVirginia.org
Technology leader iGATE recently announced plans to invest more than $1 million to establish a new facility in Loudoun County, bringing 250 new jobs to the area over the next few years...

Technology leader iGATE recently announced plans to invest more than $1 million to establish a new facility in Loudoun County, bringing 250 new jobs to the area over the next few years.

The location in Loudoun County will allow iGATE to further the expansion of its technology consulting services into the U.S. market, particularly with nearby Washington D.C. government agencies and businesses.

Close proximity to the Washington Dulles International Airport was a key advantage, giving a global company like iGATE access to 80 percent of the world’s economies.

The ability to draw upon a highly-skilled, tech-savvy workforce also factored into Virginia’s favor. Due to the consultative nature of the company’s custom technology products, human capital is a critical driver of the company’s success.

Fortunately the Commonwealth has the employee pool to match companies’ workforce needs, with the highest concentration of high-tech workers according to Cyberstates 2011. Companies are taking notice of Virginia’s world-class employee base. Professional, scientific and technical services—a category dependent on a quality workforce—was the top sector for job creation in Virginia last year, announcing almost 13,000 new jobs in 2011.

iGATE Chief Delivery Officer Sean Narayanan recognized the many attributes Virginia offers companies, stating, “We have been impressed with the business and government leaders in Virginia, the high caliber of the workforce, the excellent quality of life, and we look forward to positive, long-term growth and involvement in this area.”

To learn more about Virginia’s unique combination of assets and why companies have been prospering here for more than 400 years, click here.

Commonwealth Laminating & Coating Announces Second Expansion in Nine Months

Tuesday, 21 August 2012 15:00 by Info@YesVirginia.org

Secretary Cheng visited Commonwealth Laminating & Coating’s (CLC) headquarters last week to announce the company’s second expansion in less than nine months.

The company plans to invest $5.45 million to establish a national distribution center in the same business park as its headquarters and manufacturing operation in Martinsville, Va. The project is expected to create 60 new jobs—welcome news as Henry County and Southern Virginia continue to make positive progress towards economic recovery.

This project is further testament to CLC’s success in Virginia, as just last November the company announced its plans to invest $16.5 million to expand its manufacturing facility, creating 40 new jobs. 

With eight locations across five countries, CLC certainly has its pick of locations. Choosing to invest further in Virginia is a compelling endorsement of the Commonwealth’s excellent business environment. In addition, the Henry County location is the company’ sole manufacturing facility, illustrating how Virginia’s manufacturing capabilities can compete on a global level.

Virginia has successfully competed against China, Arizona and North Carolina for CLC’s projects over the last year.

The success of CLC’s solar control window film and high-performance coatings business adds to Virginia’s reputation as a leading location for polymer and film manufacturing companies.

Home to more than 200 plastics companies, over the last decade Virginia has seen more than $1 billion invested by plastics firms in new and expanding facilities. 

Virginia offers the skilled workforce, competitive operating environment and world-class logistics network so important to plastics manufacturing companies. To learn why companies like DuPont, Honeywell, Phoenix Packaging, Rubbermaid, and O’Sullivan Films have all invested in Virginia, click here.

McKee Foods Expands Manufacturing Operation in Augusta County

Friday, 17 August 2012 17:01 by Info@YesVirginia.org
Secretary Cheng recently attended an event at McKee Foods’ Stuarts Draft facility in Augusta County, Va., to announce the company’s planned investment of $19 million to expand the plant, creating 78 new jobs...

Secretary Cheng recently attended an event at McKee Foods’ Stuarts Draft facility in Augusta County, Va., to announce the company’s planned investment of $19 million to expand the plant, creating 78 new jobs.

Best known for its Little Debbie® line of snack cakes, McKee Foods produces a wide range of food products under the Sunbelt®, Heartland® and Fieldstone™ Bakery brands. Increased demand for the company’s line of Little Debbie® donuts is a major driver for the additional production capacity.

Successfully operating in Augusta County for 22 years, the high productivity of the local workforce helped Virginia win this project. The plant’s productivity, measured in cases produced per employee, has improved by 24 percent over the last two years, with the same number of employees and no additional automation.

According to Randy Smith, Vice President, McKee Foods Stuarts Draft operations, “McKee Foods initially recognized the strategic advantage of building a manufacturing facility in August County more than two decades ago. A major point in that decision was seeing that the Shenandoah Valley gave us access to a highly-skilled workforce. Today we’re pleased to be able to expand our production capabilities here.”

In addition to a highly-skilled manufacturing workforce, Virginia allows companies to improve their bottom lines. With a corporate income tax rate of 6 percent, an unemployment tax burden 32 percent lower than the national average, construction costs 16 percent lower than the national average, and favorably priced utility rates, more than 550 food and beverage companies call Virginia home.

To learn why food and beverage manufacturers have invested more than $1.9 billion in Virginia over the last decade, click here.

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The Gateway Center for Enterprise Opens in Central Virginia

Thursday, 25 July 2013 16:43 by Info@YesVirginia.org
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, 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.

High-tech “Fab Lab” Comes to Virginia’s Patrick Henry Community College

Monday, 22 July 2013 15:47 by Info@YesVirginia.org
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...

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.

German Investment in Virginia Continues—PRUFREX Establishes First U.S. Location

Wednesday, 17 July 2013 16:23 by Info@YesVirginia.org
PRUFREX Innovative Power Products GmbH announced plans to establish its first U.S. location in Virginia Beach through a $7.33 million investment, which will create 60 new jobs. The project includes both a manufacturing facility as well as the company’s U.S. headquarters...

PRUFREX Innovative Power Products GmbH announced plans to establish its first U.S. location in Virginia Beach through a $7.33 million investment, which will create 60 new jobs. The project includes both a manufacturing facility as well as the company’s U.S. headquarters.

PRUFREX is a leading producer of digital ignition systems and electronic control systems for the small engine, marine and recreation, automotive, and electric and cordless power markets. The company’s global headquarters are in Cadolzburg, Germany.

The benefits of supply chain for economic development are apparent in this project—PRUFREX selected Virginia Beach over Georgia to be closer to two key customers, German-based BMZ Batteries and STIHL Inc.

STIHL opened its first U.S. plant in Virginia Beach in 1974, and has since grown to become the No. 1 brand of chain saws in the world. The company’s U.S. headquarters are now located in Virginia Beach, and since 1990 the company has announced investment of $335 million and 942 new jobs in the Commonwealth.

BMZ Batteries followed in April 2011, also establishing its U.S. headquarters in Virginia Beach to be close to STIHL and its other international customers. 

Germany has been in the top three for international investment and job creation in the Commonwealth over the last four years.

PRUFREX, BMZ Batteries and STIHL have all made reference to the quality of Virginia’s workforce, particularly its engineering and advanced manufacturing capabilities, as well as the Commonwealth’s strategic East location and ability to easily reach U.S. customers through its premier logistics infrastructure.

Virginia’s transportation network includes access to the international Port of Virginia, the only U.S. East Coast location able to handle post-Panamax vessels as first port of call, as well as an integrated system of six interstate highways, nine commercial airports and 14 railroads, including two Class I lines.

To learn why Virginia is home to more than 700 internationally-owned companies, click here.

Institute of Advanced Learning and Research Launches First Company—Dan River Plants

Tuesday, 16 July 2013 15:46 by Info@YesVirginia.org
The Institute of Advanced Learning and Research (IALR) recently announced its first commercial spin-off, Dan River Plants, LLC...

The Institute of Advanced Learning and Research (IALR) recently announced its first commercial spin-off, Dan River Plants, LLC.

Dan River Plants uses micropropagation technology to create, clone and grow plants at a rapid rate. The technology was developed through collaboration between IALR’s Institute for Sustainable and Renewable Resources and Virginia Tech’s College of Agriculture and Life Sciences. 

Micropropagation utilizes plant tissue cultures to grow identical plants by an order of magnitude, yielding rapid and reliable results. The company is producing both decorative plants, such as lilies, roses and azaleas, as well as biofuel crops. 

Dan River Plants plans to invest $1.3 million and create 27 new jobs to establish a facility at Ringgold East Industrial Park in Pittsylvania County, Va.

IALR was established in 2000 through partnerships among Virginia Tech, Averett University, Danville Community College, Pittsylvania County, City of Danville, Future of the Piedmont Foundation, Tobacco Indemnification Commission and the Commonwealth of Virginia.

The center uniquely operates as a research and development facility, education leader, business incubator and conference center.

We have previously blogged on some of IALR’s programs, including its STEM Mobile Learning Lab and the Virginia Polymer Coalition.

IALR has strategically positioned itself to capitalize on the expertise found in Southern Virginia. The center focuses on four main areas of research, including sustainable and renewable resources, analytical chemistry, polymers and composites, and vehicle research.

IALR is yet another example of the innovative research and collaboration with universities that supports Virginia businesses, from start-up to late stage. To learn more about opportunities to co-locate with Virginia’s leading universities at R&D centers across the Commonwealth, click here.

Digital Realty Expands Campus in Loudoun County’s Data Center Alley

Thursday, 11 July 2013 15:22 by Info@YesVirginia.org
Digital Realty just announced a $150 million expansion to its data center campus in Virginia’s Loudoun County. The project is expected to create 50 new jobs over the next three years...

Digital Realty just announced a $150 million expansion to its data center campus in Virginia’s Loudoun County. The project is expected to create 50 new jobs over the next three years.

Digital Realty is the largest data center operator in Loudoun County, with more than one million square feet of space. The company’s latest building is expected to be 400,000 square feet and house 22 data centers.

This project is a strong follow-up to the company’s announcement last May. It broke ground on its fourth building in Loudoun County, representing an $80 million investment and the anticipated creation of 12 full-time jobs and 180 temporary positions.

Often called “Data Center Alley,” Loudoun County has become one of the top data center locations in the country. It currently maintains five million square feet of existing data center space with another three million square feet in development.

Loudoun County also handles up to 70 percent of the world’s internet traffic each day.

Fueled by increased customer demand for cloud computing, mobile applications and social networking, the data center industry continues to grow at a rapid pace. For calendar year 2012, data center announced investment topped $1 billion in Virginia.

The Commonwealth remains a prime location for data centers due to its advanced fiber infrastructure, abundant power redundancy, affordable energy rates and top notch IT workforce. Virginia has the highest concentration of high-tech workers according to Cyberstates 2013.

In addition, Virginia’s Retail Sales and Use Tax Exemption on qualified computer equipment helps data center operators lower their overall cost structure.

Virginia is home to 700 data centers establishments and has seen $5.8 billion in announced data center investment over the last decade. To learn why leaders like Amazon, Capital One, Digital Realty, Facebook, Google and Microsoft have all chosen the Commonwealth, click here.

Tempur Sealy International Expands in Scott County, Virginia

Monday, 8 July 2013 15:07 by Info@YesVirginia.org
On Wednesday, Tempur Sealy International, Inc. announced plans to expand its manufacturing facility in Scott County through a $13.3 million investment. The project will create 42 new jobs and allow the company to upgrade equipment and grow its Southwest Virginia operation...

On Wednesday, Tempur Sealy International, Inc. announced plans to expand its manufacturing facility in Scott County through a $13.3 million investment. The project will create 42 new jobs and allow the company to upgrade equipment and grow its Southwest Virginia operation.

The 500,000-square-foot facility has successfully operated at Duffield Industrial Park for 12 years, producing mattresses and pillows for the company’s Tempur-Pedic brand.

Temper Sealy is the largest bedding provider in the world and changed its name in March to reflect Tempur-Pedic’s $1.3 billion acquisition of Sealy Corp., announced in the fall of 2012. The Company's portfolio of iconic brand names includes Tempur®, Tempur-Pedic®, Sealy®, Sealy Posturepedic®, Optimum™ and Stearns & Foster®.

Virginia was chosen over New Mexico for this project due to the high quality of Southwest Virginia’s manufacturing workforce, low cost of operations and strategic location, with prime access to I-77 and I-81.

As part of the Virginia’s e-Region, Southwest Virginia has a strong legacy of supporting leading manufacturing and technology companies through its focus on electronic information technology, energy, education and emerging manufacturing specialties.

To learn why manufacturing companies continue to select Virginia, investing more than $13.7 billion over the last decade, click here.

Canon Virginia Adds Toner Manufacturing Operation to Newport News Facility

Friday, 28 June 2013 14:35 by Info@YesVirginia.org
Canon Virginia Inc. recently announced plans to include toner manufacturing at its headquarters location in Newport News, Va., through a $27 million investment...

Canon Virginia Inc. recently announced plans to include toner manufacturing at its headquarters location in Newport News, Va., through a $27 million investment.

Canon Virginia has successfully operated in Newport News since 1985, serving as the manufacturing hub of Canon U.S.A., a subsidiary of Japan-based Canon Inc. The Newport News campus includes a factory service center and manufacturing operations for a variety of Canon products, including copiers, printers and cartridges.

Governor McDonnell met with Canon Inc. officials while in Tokyo as part of his recent Asia Marketing Mission.

By allocating 30,000 square feet of upgraded space to this project, Canon Virginia will improve efficiencies by manufacturing both the ink toner and cartridges all in one location.

Canon Virginia employs nearly 2,000 Virginians across the Commonwealth, and the company has invested more than $371 million in its Virginia operations in the last four years.

World-class manufacturing companies like Canon Inc. continue to invest in the Commonwealth due to its competitive operating environment, highly-skilled manufacturing workforce and premier logistics infrastructure.

To learn why manufacturing companies have invested more than $13.7 billion in Virginia over the last decade, click here.

Intelliject CEO Wins E&Y Entrepreneur of the Year 2013 Greater Washington Award

Wednesday, 26 June 2013 13:16 by Info@YesVirginia.org
Intelliject President & CEO Spencer Williamson recently won the Ernst & Young (E&Y) Entrepreneur of the Year 2013 Greater Washington award in the Health Services and Technology category...

Intelliject President & CEO Spencer Williamson recently won the Ernst & Young (E&Y) Entrepreneur of the Year 2013 Greater Washington Award in the Health Services and Technology category.

Based in Richmond, Va., Intelliject was founded in 2004 by twin brothers Eric and Evan Edwards in an effort to find a more user-friendly solution to administer epinephrine in the event of anaphylactic shock. Both brothers had suffered from severe allergies since childhood.

That solution became the Auvi-Q device, the first and only epinephrine auto-injector with voice instructions. Auvi-Q provides step-by-step voice instructions along with visual cues and a five-second countdown to help ensure the medication is delivered quickly and accurately during a potentially life-threatening situation.

After years of development, Auvi-Q is now on the fast track. The company received FDA approval for the device in August 2012 and reached a licensing agreement with Sanofi-Aventis to commercialize the product in North America.

In January 2013, Auvi-Q became available on pharmacy shelves in the U.S., and the company is well-positioned to expand internationally.

Intelliject is a shining example of Virginia’s growing life sciences industry and the innovative environment the Commonwealth offers to entrepreneurs. More than 800 life sciences companies have chosen to locate in Virginia for its access to top research institutions, biotech parks and a highly-trained workforce with the medical expertise to support the industry.

To learn why Virginia was ranked the No. 2 Emerging Biotech Hub by Business Facilities magazine, click here.

International Paper’s Franklin Mill Gains Another Tenant—Franklin Lumber

Tuesday, 25 June 2013 16:04 by Info@YesVirginia.org
Former International Paper (IP) Franklin Mill employees have come up with a clever solution to make use of the dormant sawmill at IP’s Franklin, Va., site—establish a new company and purchase the mill...

Former International Paper (IP) Franklin Mill employees have come up with a clever solution to make use of the dormant sawmill at IP’s Franklin, Va., site—establish a new company and purchase the mill.

The newly-formed company will operate under the name Franklin Lumber, and the $14.8 million investment is expected to create 72 new jobs.

The Franklin Mill facility, located in Isle of Wight County, has seen its fair share of activity over the last year. After initially closing the paper mill in 2009, International Paper returned in the summer of 2012 and repurposed part of the facility to manufacture fluff pulp.

Also in 2012, Tak Investments announced plans to invest $60 million and create 85 new jobs to establish ST Tissue, a recycled tissue plant, by repurposing a vacant portion of the Franklin Mill site.

Franklin Lumber expects to produce 60 million board feet of southern yellow pine lumber each year for retail, treating and truss manufacturers. This project will benefit Virginia’s logging supply chain as 40 percent of the company’s materials will be sourced from the Commonwealth.

Virginia was selected for this project due to the founders’ knowledge of the Franklin Mill site and familiarity with the assets of the region, which include a strong wood basket supply chain, a skilled manufacturing workforce and a premier logistics infrastructure.

This investment also represents the first Governor’s Agriculture and Forestry Industries Development (AFID) grant to a forestry project.

Franklin Lumber joins more than 6,000 manufacturing companies located in the Commonwealth and illustrates that Virginia is not only a great place for manufacturers, but a great place to start a business. Virginia recently earned an A for its small business friendliness—to learn more, click here.

VEDP’s Digital Advertising Recognized by Richmond Ad Club

Monday, 10 June 2013 13:36 by Info@YesVirginia.org
VEDP’s YesVA mobile app and in-app advertisement for The Wall Street Journal were both recognized at the 2012 Richmond Ad Club’s Richmond Show...

VEDP’s YesVA mobile app and in-app advertisement for The Wall Street Journal were both recognized at the 2012 Richmond Ad Club’s Richmond Show.

Judged by a panel of nationally-recognized advertising and design professionals, VEDP’s advertising agency of record, Elevation, won the silver and bronze awards in the interactive category for its VEDP work.

VEDP launched the YesVA mobile app for iPad, iPhone and Android devices in the fall of 2012. This interactive tool allows clients to perform property searches and compare Virginia to other states in major business categories.

The app is available for free download at http://www.yesvirginia.org/App, or through the AppleApp Store and Google Play store.

The YesVA mobile app is part of VEDP’s digital marketing campaign targeting C-level executives and site selection consultants in selected geographies across the U.S., Europe and Asia, including native language advertisements in the German and Chinese markets.

The campaign, which began in 2012 and continues into 2013, is expected to generate more than 23 million impressions on the websites of leading business and site selection publications. The Wall Street Journal, Forbes, Bloomberg BusinessWeek, Site Selection, Area Development, Financial Times Asia and Financial Times Germany were among the selected media outlets. The campaign also incorporated pay-per-click search engine marketing via Google AdWords.

By helping companies make the most informed decision on business locations, the YesVA mobile app is yet another example of an innovative tool developed by VEDP to market Virginia as a top state for business.

To learn why Virginia’s unique combination of resources has encouraged businesses to prosper here for more than 400 years, click here.

A view of the Virginia ad from The Wall Street Journal app.

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

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

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

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

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

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

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

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

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

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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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Virginia Receives Top Ranking on Forbes.com’s 2012 Best States For Business

Thursday, 13 December 2012 16:34 by Info@YesVirginia.org
Once again, Virginia received a podium ranking from Forbes.com in its annual Best States for Business ranking. Coming in at No. 2, Virginia is the top state on the East Coast and has held first or second overall since the ranking began in 2006...

Once again, Virginia received a podium ranking from Forbes.com in its annual Best States for Business ranking. Coming in at No. 2, Virginia is the top state on the East Coast and has held first or second overall since the ranking began in 2006.

The ranking is based on six categories: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.

The Commonwealth was ranked No. 1 in the category of regulatory environment. According to Forbes.com, “The state ranks on top of the regulatory category because of its strong incentive offerings and business friendly government policies." With right-to-work laws, an unemployment tax burden 32 percent lower than the national average, and a six percent corporate tax rate unchanged since 1972, companies have improved their bottom lines just by locating in Virginia.

In the important category of labor supply, Virginia came in at No. 2 and was the top state on the East Coast. With 4.1 million motivated and highly skilled workers and more than 500,000 students enrolled in Virginia’s top-ranked colleges and universities, the Commonwealth has a strong pipeline ready to fill present and future industry needs.

Virginia was ranked No. 4 in the quality of life category, a metric that is gaining increasing importance for companies making relocation decisions. Virginia has one of the nation’s highest concentrations of historic resources and is blessed with beautiful mountains, rivers and beaches, as well as 35 state parks, 22 national parks and more than 500 trails, providing an abundance of recreational opportunities for residents.

This top ranking from Forbes.com adds to the distinguished list of honors Virginia has received this year, including winning the 2011 Competitiveness Award from Site Selection magazine, a No. 2 ranking on Pollina Corporate Real Estate’s Top Pro-Business States for 2012, and No. 3 rankings on Business Facilities’ 2012 State Rankings Report and CNBC’s America’s Top States for Business list, to name a few. 

To learn why Virginia continues to receive top recognition from the industry as the premier state for business, click here.

Leading Global Satellite Services Provider Intelsat Moves Headquarters to Virginia

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

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

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

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

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

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

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

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

Latin American Subsidiary Phoenix Packaging Continues Growth in Pulaski County

Wednesday, 5 December 2012 16:13 by Info@YesVirginia.org
Phoenix Packaging recently announced plans to invest $20 million and create 100 new jobs to expand its Virginia operation in Pulaski County. This represents the second expansion in less than two years, bringing the company’s total announcements to $58 million in capital investment and more than 400 new jobs...

Phoenix Packaging recently announced plans to invest $20 million and create 100 new jobs to expand its Virginia operation in Pulaski County. This represents the second expansion in less than two years, bringing the company’s total announcements to $58 million in capital investment and more than 400 new jobs.

Part of Virginia’s New River Valley region, Pulaski County also serves as the company’s North American Headquarters. Phoenix Packing is a subsidiary of Grupo Phoenix, a leading Latin American manufacturer of packaging products targeting the food and disposable consumer product industries.

Seeking closer proximity to its U.S. customers, the company first selected Virginia in 2010 from more than 40 other possible sites. Virginia competed against Arizona for this latest expansion project and has successfully competed against Georgia, Kentucky, North Carolina, Tennessee, West Virginia, California and Nevada over the last three years. 

After investigating options overseas, Phoenix Packaging’s decision to remain and grow its Virginia operation illustrates just how well the Commonwealth competes on a global level.

Virginia’s strategic location, premier transportation infrastructure, skilled workforce, world-class higher education institutions, and competitive operating costs were all leading factors in the company’s multiple decisions for Virginia.

In addition, Virginia’s growing food and beverage industry, a primary market for Phoenix Packaging, proved to be an attractive asset. With names like Kraft Foods, Nestle and Hershey, Virginia boasts more than 550 food and beverage manufacturing companies that have invested $1.9 billion in the Commonwealth over the last decade. In fact, Green Mountain Coffee Roasters, one of Phoenix Packaging’s customers, announced last year it would invest $180 million to establish a production and distribution facility in Isle of Wight County, Va.

To learn why Virginia manufacturers continue to find success in the Commonwealth, investing more than $13.8 billion over the last decade, click here.

Rolls-Royce Announces Second Facility on Virginia Crosspointe Campus

Tuesday, 4 December 2012 09:34 by Info@YesVirginia.org
Rolls-Royce recently announced it will begin construction on a second advanced manufacturing facility at its Crosspointe campus in Prince George County, Va., which is expected to bring a $136 million investment and 140 new jobs to the Central Virginia region...

Rolls-Royce recently announced it will begin construction on a second advanced manufacturing facility at its Crosspointe campus in Prince George County, Va., which is expected to bring a $136 million investment and 140 new jobs to the Central Virginia region.

The 90,000-square-foot Advanced Airfoil Machining Facility will be located on Rolls-Royce’s 1,000-acre campus, adjacent to its Rotatives manufacturing facility. Construction is expected to be completed by the end of 2013.

The Advanced Airfoil Machining Facility will produce turbine blades and nozzle guide vanes for advanced aero engines used in the Boeing 787 Dreamliner, Airbus 380 and Airbus 350. Using Rolls-Royce’s advanced machining technology and proprietary high-speed cutting process, the company has the ability to precisely shape specialized materials and efficiently produce durable engine components.

Driven by growth for its aero engines, the company continues to expand its Crosspointe facility, making it the largest and most advanced Rolls-Royce campus in North America. Rolls-Royce’s vision for the Crosspointe campus is to create a hub of advanced manufacturing innovation, with partnerships between leading research universities, government and businesses. 

To date, the Crosspointe campus includes the company’s Rotatives facility, which opened in May 2011 as a center of excellence to manufacture the company’s engine discs. Also at Crosspointe, CCAM opened this fall as an applied research center, joining leading Virginia universities and manufacturing companies to bring real-world solutions to market more quickly.

With ample space and a robust, industrial-grade infrastructure for additional facilities, Rolls-Royce’s Crosspointe Campus is poised to attract suppliers and continue its growth as a leading center for advanced manufacturing.

To learn more about the Rolls-Royce Crosspointe Campus and Virginia’s capabilities in the advanced manufacturing space, click on the highlighted links.

A rendering of Rolls-Royce's Advanced Airfoil Machining Facility at its Crosspointe campus in Prince George County, Va.

HanesBrands Inc. Expands in Patrick County

Thursday, 29 November 2012 13:47 by Info@YesVirginia.org
HanesBrands recently announced plans to expand its Woolwine plant in Patrick County, Va., through a $1.6 million investment...

HanesBrands recently announced plans to expand its Woolwine plant in Patrick County, Va., through a $1.6 million investment.

The company will upgrade the plant with high-speed manufacturing equipment that will double current capacity and allow the company to increase production of performance fabrics in the women’s sports market. 

The investment will bring 50 new jobs and retain 215 jobs at the Patrick County operation. In addition, HanesBrands employs a workforce of 400 at its distribution center in nearby Martinsville, Va.

HanesBrands has a long history in the region and the company’s positive experience with Virginia’s pro-business climate and advanced manufacturing workforce helped ensure the Commonwealth was selected once again.

Southern Virginia maintains a rich heritage of textile operations, and this investment illustrates Virginia’s manufacturing prowess in the competitive worldwide apparel industry.

With more than 6,000 manufacturers located in Virginia, the Commonwealth has seen more than $13.8 billion in capital investment from manufacturing companies over the last 10 years. To learn more about Virginia’s advanced manufacturing industry, click here.

WEIGHTPACK Moves Headquarters from Italy to Virginia

Thursday, 15 November 2012 14:47 by Info@YesVirginia.org
WEIGHTPACK Inc. recently announced plans to move its headquarters from Italy and expand its existing operation in Powhatan County, Va. The project will bring a $2.6 million investment and 35 new jobs to the Central Virginia region...

WEIGHTPACK Inc. recently announced plans to move its headquarters from Italy and expand its existing operation in Powhatan County, Va. The project will bring a $2.6 million investment and 35 new jobs to the Central Virginia region.

WEIGHTPACK is a packaging machinery company that designs and builds complete lines for the filling and capping of liquid product containers, with applications in the beverage, home care, personal care, pharmaceutical and chemical industries.

The company has operated in Powhatan since 2001, and the decision to move its global headquarters to the same location illustrates how well Virginia’s business environment, workforce, and logistics infrastructure compete at a global level.

The Powhatan location is poised to become a major production hub as the company transitions to a more vertically integrated supply chain, providing for growing customer demand in the North and South American and Asian markets.

Powhatan County’s strong quality of life and access to Virginia’s world-class transportation network make it a premier location. WEIGHTPACK has historically used the international Port of Virginia for importing component parts. With the expansion of the production facility, the company expects to increase its exports through the port to reach international markets.

As global companies continue to bring high technology, manufacturing jobs to the U.S., Virginia stands ready to fulfill industry needs with a strong pipeline of highly-skilled, advanced manufacturing employees.

To learn more about Virginia’s advanced manufacturing capabilities and why more than 6,000 manufacturing establishments have located in the Commonwealth, click here.

CCAM Opens Facility in Prince George County, Virginia

Wednesday, 14 November 2012 10:09 by Info@YesVirginia.org
The Commonwealth Center for Advanced Manufacturing (CCAM) received its full certificate of occupancy and opened its facility in Prince George County, Va., this September. CCAM has been steadily growing both in members and machinery and is expected to host a grand opening event in spring 2013...

The Commonwealth Center for Advanced Manufacturing (CCAM) received its full certificate of occupancy and opened its facility in Prince George County, Va., this September. CCAM has been steadily growing both in members and machinery and is expected to host a grand opening event in spring 2013.

CCAM has added three Tier 2 and three Tier 3 industry members over the last few months, bringing the total number of participating companies to 14.

The applied research center includes a high bay area, five machining labs, five computational labs, a visualization lab, meeting rooms with conferencing ability, open and modular workstations, and a cafeteria.

With participation from its industry partners and university members, engineers at the center are currently working on 10 research projects. One project involves adaptive machining, which uses specialized equipment to measure and make adjustments in real time as components are being manufactured, leading to improved performance and lower costs.

Another project incorporates multi-modal part inspection, which uses imagery to obtain information and identify small defects early in the manufacturing process, allowing any issues to be fixed before entering into high-rate production.

CCAM is another example of the public-private partnership between Virginia’s leading universities and world-class manufacturing companies to bring real-world solutions to the market more quickly. To learn more about CCAM, visit www.ccam-va.com.

CCAM’s high bay area includes a Laser Powder Deposition Machine and the Sulzer Metco Thermal Spray Cell, pictured below.

STEM Mobile Learning Lab—A Vehicle for Educating Virginia Students

Tuesday, 13 November 2012 13:45 by Info@YesVirginia.org
Since going on the road in spring 2010, the STEM Mobile Learning Lab has hosted 15,000 visitors from more than 300 locations. The lab offers numerous hands-on experiments as a method of educating K-12 students and members of the community in STEM subjects—science, technology, education and math...

Since going on the road in spring 2010, the STEM Mobile Learning Lab has hosted 15,000 visitors in more than 300 locations. The lab offers numerous hands-on experiments as a method of educating K-12 students and members of the community in STEM subjects—science, technology, education and math.

The STEM Mobile Learning Lab was established by the Institute for Advanced Learning and Research (IALR), a research, education and conference institute based in Danville, Va.

The 38-foot trailer contains multiple work stations, a clean area for experiments and a movie screen. Its impressive equipment list includes several laptops, high resolution microscopes, an HDTV video monitor, and additional demonstration gear. 

The STEM Mobile Learning Lab offers experiments in the areas of nanotechnology and renewable energy. Leading by example, the flex-fuel truck that tows the lab can run on either diesel fuel or cooking oil.

Using the STEM Mobile Learning Lab, students can participate in experiments that compare the energy efficiency of CFL and incandescent light bulbs, see how wind and solar power work, learn about energy conservation and how to weatherize doors and windows, and even look at microscopic particles on their own skin.

Preparing students to join the Commonwealth’s world-class workforce in the growing fields of science, technology, engineering and math is key to keeping Virginia at the top. According to Cyberstates 2011, Virginia has the nation’s highest concentration of high-tech workers.

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

Students use high resolution microscopes to participate in one of the many hands-on experiments offered by the STEM Mobile Learning Lab.

VEDP Releases Exporting Guide for Service Companies

Tuesday, 6 November 2012 09:18 by Info@YesVirginia.org
VEDP’s International Trade division recently released an exporting guide focused on the unique needs of service companies called “Exporting Services: A Guide for New Exporters”...

VEDP’s International Trade division recently released an exporting guide focused on the unique needs of service companies called “Exporting Services: A Guide for New Exporters.”

Some of the issues addressed in the guide include assessing export readiness, understanding export regulations, identifying a target market, protecting intellectual property, acquiring work permits and certifications, developing a market entry strategy, and negotiating financing and payment terms.

The services industry is thriving in Virginia—professional, scientific and technical services was the top sector for job creation in 2011, announcing 12,769 new jobs. With human capital as the major input, it’s no surprise that Virginia’s highly skilled workforce has proved to be a key advantage in growing this sector.

According to The Brookings Institution, Virginia’s service exports accounted for 42.6 percent of the state’s total exports in 2010, illustrating an opportunity to grow Virginia’s exports in a sector where the Commonwealth has the resources to leverage its success into international markets.

Helping Virginia companies grow sales overseas not only benefits Virginia businesses, but it also creates jobs at home. According to The Brookings Institution, Virginia exports supported more than 236,000 jobs in 2010.

To learn how VEDP’s International Trade division can help your company grow, go to www.exportvirginia.org.

Celanese Corp. Converts Giles County Celco Plant to Natural Gas

Friday, 2 November 2012 10:15 by Info@YesVirginia.org
Fortune 500 company Celanese Corp. just announced it will invest $150 million to convert its Celco Plant in Giles County, Va., from coal-fired to natural-gas fired boilers. The project will create 22 new full-time jobs, as well as employ an estimated 200 construction workers...

Fortune 500 company Celanese Corp. just announced it will invest $150 million to convert its Celco Plant in Giles County, Va., from coal-fired to natural-gas fired boilers. The project will create 22 new full-time jobs, as well as employ an estimated 200 construction workers.

Celanese Corp. is a global technology leader engaged in the production of specialty materials and chemical products used in a wide variety of industries and applications. The Virginia Celco Plant has helped make the company a leading producer of cellulose acetate tow, used in filter media.

The Celco Plant first established operations in Giles County, Va., in 1939 and is the largest employer in the county. Positioned along the New River and Route 460, this location offers the unique combination of a picturesque setting between the mountains, easy access to I-81, and close proximity to Virginia Tech and the region’s skilled and educated workforce.

This investment will allow the company to reduce its greenhouse gas emissions while updating equipment to improve its energy efficiency—two goals aligned with the company’s core values of sustainability and operational excellence.

This project continues the positive trend of Virginia manufacturers making significant investments to upgrade to more environmentally-friendly sources of energy. Last year, MeadWestvaco announced plans to invest $285 million to construct a new, state-of-the-art biomass boiler at its Covington plant, and just last week RockTenn hosted a ribbon-cutting ceremony to celebrate the completion of a natural gas pipeline to its West Point mill.

To learn why leading manufacturers continue to invest in the Commonwealth, bringing more than $13.8 billion in projects over the last decade, click here.

A view of the Celco Plant from across the New River.

VEDP Launches “YesVA” App

Thursday, 1 November 2012 13:48 by Info@YesVirginia.org
Today, VEDP launched the YesVA app for iPad, iPhone and Android devices available for download by visiting www.YesVirginia.org/app or through the App Store and Google Play Store...

Today, VEDP launched the YesVA app for iPad, iPhone and Android devices available for download by visiting www.YesVirginia.org/app or through the App Store and Google Play Store.

The YesVA app is an interactive tool that allows clients and site selection consultants to perform site and building searches and compare Virginia to other states, directly from a mobile device.

The YesVA app allows users to perform the following actions:
   •  Explore Virginia’s existing inventory of available properties in an easy-to-use map
   •  Navigate properties by type and narrow down options based on user requirements
   •  Save properties for later and share them with contacts
   •  View 1:1 attributes of how Virginia compares to other states in major business categories
   •  View profiles for each of the communities, regions and MSAs in Virginia
   •  View recent industry announcements for each community
   •  Communicate with VEDP regarding any of the properties within the app

By helping companies make the most informed decision on business locations, the YesVA app is yet another example of an innovative tool developed by VEDP to market Virginia as a top state for business.

To download the free YesVa app, visit www.YesVirginia.org/app or go directly to the App Store and Google Play Store.

A view from the main screen of the YesVa app.

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

Fort Lee Hosts the 40th Annual Military Culinary Arts Competitive Training Event

Tuesday, 10 March 2015 17:28 by Info@YesVirginia.org
Once again, the annual military culinary competition comes to Fort Lee, Va. from March 7-12. During this week, members of all the U.S. armed forces and military personnel from other countries compete in individual and team events to show their culinary expertise...

Once again, the annual military culinary competition comes to Fort Lee, Va., from March 7-12. During this week, members of all the U.S. armed forces and military personnel from other countries compete in individual and team events to show their culinary expertise.

Fort Lee is a perfect fit for the competition — it’s home to the Joint Culinary Center of Excellence, which provides basic and advanced food service training for all branches of the U.S. Armed Forces, as well as some ally countries.

Members of VEDP and the Virginia Gateway Region attended the event yesterday, where the table displays were built by the U.S Army Reserve. The whimsical presentations, all made out of food, included themes based on the Wizard of Oz, notable landmarks in Paris, a lady from a masquerade ball, and a Spanish-influenced chocolate bull and matador.   

The Hot Kitchen Competition included the use of Mobile Kitchen Trailers to make a gourmet, three-course meal. The meal was all the more impressive considering the trailers are meant to be used out in the field in forward movement scenarios, and usually involve heating a pre-made meal for 50-100 soldiers.

There were numerous live cooking competitions, all judged by members of the American Culinary Federation. This allows awards to be easily translated into certificates and recognized outside of the military environment, which is important for members who later pursue a culinary career in the private sector.

One of the live cooking demos included renowned chef Robert Irvine, from the Food Network show “Restaurant: Impossible.”  Robert entertained with cooking tips and joked with the many military personnel in attendance. Robert is very familiar with the impact of providing a well-cooked meal in military environments. Not only is he a former soldier, but he visits military bases around to world to cook and entertain the troops.

The importance of the event was captured by Chief Foreign Officer 3, Charles Talley Jr., “It’s great to have the opportunity to see the crop of young chefs and see their culinary evolution from day one at Fort Lee. Food involves passion, innovation, creativity and sustainment. Our food service impacts the morale of military teams during peace and wartime.”

Fort Lee’s Joint Culinary Center of Excellence and its Military Culinary Arts Competitive Training Event illustrate Virginia’s position at the center of the food industry. Food processing is one of Virginia’s largest manufacturing areas. To learn why more than 580 companies have located in the Commonwealth, click here.

Virginia BioTechnology Research Park Expands Its Reach Across Virginia

Wednesday, 25 February 2015 14:28 by Info@YesVirginia.org
The Virginia BioTechnology Research Park is at full capacity, but is still expanding its reach in the Richmond community and across the Commonwealth...

The Virginia BioTechnology Research Park is at full capacity, but is still expanding its reach in the Richmond community and across the Commonwealth.

Since its founding in 1992, the Virginia BioTechnology Research Park has grown to include seven buildings on 34 acres in the heart of Richmond. This represents 1.3 million square feet of space next to the VCU Medical Center, a Top 100 life sciences research center.

The park is currently home to nearly 60 life science companies, employing more than 2,300 scientists, engineers and researchers in the Central Virginia region.

The company’s most recent physical expansion occurred last spring on its Biotech 8 building, occupied by HDL Inc., which started up in the Biotech Center. Future expansion opportunities are available on two sites in the park.

According to Executive Director Carrie Roth, “Building on the urban renewal component of the research park, to be successful we need to focus on the process not the place through infrastructure for entrepreneurial, innovation and commercialization success. We’re repositioning the park and removing our borders to define it as a part of the larger, integrated knowledge-based life sciences community.”

To that end, the park is inviting outsiders in and opening up its shared lab. The lab has equipment donated by Altria in addition to purchased equipment, including a biosafety cabinet, CO2 incubator, inverted microscope and centrifuges. This allows early stage companies access to the equipment by renting benches on a monthly basis or purchasing a daily pass to the lab. In addition, access to the shared lab equipment helps those seeking grants by being able to include this on their application.

The management team is also engaging with partners across the region. For example, the Dominion Resources Innovation Center in Ashland provides mentoring and business support services to technology-based start-ups. The team at the Virginia BioTechnology Research Park has re-engaged its partnership with the innovation center and plans are in motion to move it closer into the town of Ashland. The new facility will also have dedicated lab space.

The Virginia BioTechnology Research Park is a shining example of the burgeoning life sciences clusters across the Commonwealth. To learn why more than 800 biotech establishments have selected Virginia, click here.

Members of the Richmond Regional Planning District Commission along with Carrie Roth of the Research Park listen to L. Franklin Bost, executive associate dean at the VCU School of Engineering, discuss activities of the VCU TRIP Center located in Biotech One. Photo courtesy of Virginia BioTechnology Research Park.

Capstone Integrated Machining Technology Program Comes to Danville

Friday, 20 February 2015 16:07 by Info@YesVirginia.org
The Danville region has added to its precision machining expertise with the recently announced Capstone Integrated Machining Technology program at the Institute for Advanced Learning and Research...

The Danville region has added to its precision machining expertise with the recently announced Capstone Integrated Machining Technology program at the Institute for Advanced Learning and Research.

The program provides a third year of training for students that have completed Danville Community College’s popular two-year Precision Machining Technology program.

IALR has announced two grants in February to jumpstart the program — a $1.9 million grant from the Danville Regional Foundation and a $1 million endowment from the Gene Haas Foundation.

The funding will be used to upfit portions of the Hawkins Building at IALR and construct a workflow cell training lab, allowing students to replicate real world manufacturing conditions.

This additional training will enable students to earn nationally-recognized industry credentials, such as Level II and III certifications from the National Institute for Metalworking Skills.

The Capstone program will be ready for students by the fall semester. IALR and DCC estimate 15-20 students will participate in the first class, with the program expanding to 40 students at full capacity.

With the reshoring of manufacturing jobs to America and an aging baby boomer population, Southern Virginia is quickly becoming a go-to location to meet industry needs for a skilled workforce in this sector of advanced manufacturing.

According to DCC President Bruce Scism, “DCC ‘s Precision Machining Technology program is now the largest in the mid-Atlantic region, and it’s the only one that provides as wide a range of certification options.”

The Capstone program and partnership between IALR and DCC is another example of the teamwork among Virginia’s higher education system and public and private entities to develop the most advanced workforce training solutions. To learn more, click here.

Students in DCC’s Precision Machining Technology program receive training on Haas Mini Mill 5 axis machines.

Virginia Ranked a Top State for LEED Green Building Certifications in 2014

Friday, 6 February 2015 13:55 by Info@YesVirginia.org
Once again, Virginia made the U.S. Green Building Council’s annual list of Top 10 States for LEED (Leadership in Energy and Environmental Design) in 2014...

Once again, Virginia made the U.S. Green Building Council’s annual list of Top 10 States for LEED (Leadership in Energy and Environmental Design) in 2014.

The Commonwealth was ranked No. 4 and had 150 projects LEED-certified in 2014. This included a total of 18.6 million square feet of space, and 2.33 square feet per capita.

The report made special mention of the University of Mary Washington’s Technology Convergence Center in Fredericksburg, Va., which is LEED Silver-certified.

USGBC is made up of 12,870 member organizations and 197,000 professionals worldwide. It manages LEED, the most widely recognized green building certification program in the world. According to USGBC, LEED certifies 1.5 million square feet of space each day in 135 countries.

LEED-certified buildings are a win-win for the environment and economy. They provide healthier spaces to live, work and play, and lower energy costs in a sustainable way.

“LEED-certified building and the innovations they have driven contribute substantially to our national economic growth, create jobs and improve the quality of life in the communities where they are found,” said Rick Fedrizzi, CEO and founding chair of USGBC. “We commend the business and community leaders, policy makers and green building professionals in each of these states for making the commitment to create a healthier, more sustainable future.”

Virginia’s leadership as an innovator in this area illustrates the strong quality of life and cutting edge environment the Commonwealth offers to companies and their workforces. To learn why businesses have succeeded in Virginia for more than 400 years, click here.

Virginia Serious Game Institute Has a Banner First Year

Wednesday, 4 February 2015 13:55 by Info@YesVirginia.org
The Virginia Serious Game Institute had a stellar first year that included launching six businesses and creating 70 new jobs in Prince William County...

The Virginia Serious Game Institute had a stellar first year that included launching six businesses and creating 70 new jobs in Prince William County.

VSGI is a business incubator that supports Virginia entrepreneurs in the modeling and simulation industry. It is the applied research arm of the Computer Game Design Program at George Mason University and is affiliated with the international Serious Game Institute. It is the only facility of its type on the East Coast and one of only a few worldwide.

VSGI provides Virginia schools, businesses and universities with hands-on training, certification, R&D assistance, incubation services, rapid prototype development and access to leading edge commercialization outputs and technologies.

Located on GMU’s Prince William Campus, VSGI operates as a public-private partnership offering entrepreneurs expertise in technology and business assistance from GMU, the Mason Enterprise Center, Prince William County and VEDP.

This location, just 26 miles south of Washington D.C., provides access to one of the top high-tech workforces in the nation. More than 60 GMU students have interned at VSGI, its resident companies or assisted in teaching.

VSGI supports Virginia’s STEM initiative by exposing younger students to careers in technology by hosting summer camps and workshops, as well as facilitating partnerships with larger IT companies that allow students to obtain hands-on learning experience.

VSGI is currently incubating five companies, and has the ability to house 10 startups at one time. To learn more, visit http://game.gmu.edu/sgi/. Be on the lookout for a call for applications in the coming weeks from the Prince William County Department of Economic Development.

Virginia has the highest concentration of high-tech workers in the nation. To learn more about the Commonwealth’s leadership in the tech sector and why innovative companies continue to choose Virginia, click here.

GMU Computer Game Design Program students provide modeling, simulation and design work for incubator companies at VSGI. Photo courtesy of Prince William County Department of Economic Development.

VEDP Launches 2015 Digital Advertising Campaign

Friday, 23 January 2015 09:34 by Info@YesVirginia.org
Virginia has a great story and it’s imperative that it be told to the global business audience. In January, VEDP launched a new digital ad campaign, expected to deliver more than 73 million impressions through June 2015...

Virginia’s competitiveness and perception as a pro-business state remain strong. However, competition in the global economy and domestic markets continues to increase. Competing states are more aggressive in their outreach efforts, with several recently unveiling multi-million dollar advertising campaigns to promote and lure business.

Virginia has a great story and it’s imperative that it be told to the global business audience. In January, VEDP launched a new digital ad campaign, expected to deliver more than 73 million impressions through June 2015.

To maximize our limited resources, VEDP focused on digital media outlets and purchased an integrated schedule of online, mobile, tablet and pay-per-click search placements. The campaign targets VEDP’s geographic markets in the U.S, U.K., Germany and China.

The ads, promoting Virginia’s prime business location advantages, appear in Forbes, The Wall Street Journal, The New York Times, Entrepreneur and Reuters, as well as two advertising networks — Bizo and Rocketfuel.

Search engine marketing remains a key component of our strategy. VEDP implemented pay-per-click ads on Google, Bing and Baidu. This is our first venture with Baidu, the leading search engine in China.

“VEDP’s advertising strategy continues to prove effective at generating leads and building awareness of the strengths that make the Commonwealth such a great place to work and live,” said Vince Barnett, VEDP vice president of communications & promotions. “The digital program provides unique targeting capabilities to reach key corporate decision makers, while making the most efficient use of limited advertising dollars.”

An example of a 15 second video pre-roll used as part of the campaign is below, and landing pages for the U.S., U.K., Germany and China can be found by clicking on the highlighted links.

To learn more about the opportunities for success that are waiting for you in Virginia, visit www.YesVirginia.org.

A view of the video pre-roll touting Virginia’s pro-business resources.

Amazon Fulfillment Center in Chesterfield Still Buzzing After the Holidays

Thursday, 8 January 2015 14:50 by Info@YesVirginia.org
VEDP toured the Amazon fulfillment center in Chesterfield, Va., this week, and we were pleased to see the facility was still buzzing with activity even after the holiday rush...

VEDP toured the Amazon fulfillment center in Chesterfield, Va., this week, and we were pleased to see the facility was still buzzing with activity even after the holiday rush.

The Chesterfield fulfillment center began operations in the fall of 2012, after the company’s December 2011 announcement that it would invest $85 million to establish the location and create 1,000 jobs.

Today, the 1.2 million square foot facility has 1,500 employees that help distribute more than 14 million items in the building.

The facility is an impressive maze of shelves, work stations and conveyor belts whizzing yellow bins, called “totes,” containing any type of smaller consumer good throughout the building in a blur of efficiency. Amazon’s other facility in nearby Dinwiddie County ships larger consumer goods, like kayaks and TVs.

Our tour guide took us through the massive layout and explained how departments such as receiving, stowing, packing and shipping all work together. Like any massive organization, Amazon has its own nomenclature. “Stowers” scan goods in and store them in the “library” where they are later retrieved by “pickers” who put items for a customer’s order into the “totes.”

The Chesterfield facility has more than 2,500 scanners, 1,300 carts and 40,000 yellow totes. 

Extreme efficiency is a requirement for success at Amazon. On 2013’s Cyber Monday, Amazon customers ordered more than 36.8 million items, which is a record-breaking 426 items per second.

The company operates under a continuous improvement mandate, and many suggestions come from employees themselves. Last year, 4,700 employees participated in 1,100 kaizens across North America to develop new processes and solutions to solve specific problems.

One reason Amazon has found success in Virginia is because its Chesterfield fulfillment center seamlessly blends Virginia’s skilled workforce with advanced technology and sophisticated algorithms to keep the operation humming at peak efficiency.

A second reason is Virginia’s premier logistics network. Amazon’s recognition as a powerhouse distributor was furthered when Coca Cola decided to bring back its Surge soda and sell it exclusively online through Amazon. Surge is the top-selling item at the Chesterfield facility.

Due to the strength of Virginia’s logistics network, more than 380 global logistics projects have been announced over the last 10 years with capital investment of more than $1.8 billion. The Commonwealth allows companies to transport products worldwide through its six interstate highways, nine commercial airports, 11 railroads, including two Class I lines, and the International Port of Virginia, one of the only East Coast locations in the U.S. able to handle post-Panamax vessels as first and last port of call.

To learn more, click here.

A view of Amazon’s fulfillment center at Meadowville Technology Park in Chesterfield, Va. Photo Courtesy of Chesterfield Economic Development.

Southern Virginia Product Advancement Center Incubates Companies From the Lab to the Marketplace

Thursday, 18 December 2014 14:39 by Info@YesVirginia.org
Formerly known as the Riverstone Energy Center, the recently rebranded Southern Virginia Product Advancement Center in South Boston, Va., functions as an incubator helping the Commonwealth’s advanced manufacturing companies develop their technology from the lab to the marketplace...

Formerly known as the Riverstone Energy Center, the recently rebranded Southern Virginia Product Advancement Center in South Boston, Va., functions as an incubator helping the Commonwealth’s advanced manufacturing companies develop their technology from the lab to the marketplace.

SVPAC replicates major components of the manufacturing process by offering companies assistance with modeling and simulation, prototyping, advanced manufacturing processes and applied coating development.

The center’s modeling and simulation program includes a virtual reality theater with high performance computing resources, simulation software and a fully immersive 3-D cave display that can render a one-to-one ratio in real-life scaling. This allows manufacturers to design new products and predict and test performance using virtual technology. Any mistakes are made and fixed in a virtual environment, allowing for a cost-friendly R&D approach.

SVPAC’s Carbon Fiber Composite Manufacturing Lab will allow companies to produce component parts using specialized molds. The lab is expected to be completed in the spring 2015 and augment the hub of automotive and aerospace technology companies in the area.

Through a partnership with C-CARE (Center for Coatings Application Research and Education), companies have access to a coatings technology lab that houses 12,000 square feet of environmentally-controlled space. The comprehensive range of manufactured coatings applications equipment includes advanced robotics, reciprocating spray equipment and virtual reality training systems that can test new coatings technologies and design solutions under a variety of conditions.

SVPAC also offers traditional incubation services that include business plan development, access to R&D grants, office and manufacturing space, networking opportunities and mentoring.

SVPAC already has a number of success stories, which include helping a large automobile manufacturer develop new spray coating technology, developing a virtual reality tool for robot path programming with Kawasaki, and helping TMI Autotech with modeling and simulation to develop its high performance vehicles. TMI has also worked with other automotive resources in the region, including the Global Center for Automotive Performance Simulation located nearby at the Virginia Motorsports Technology Park.

VEDP and VEDA hosted SVPAC on their most recently Third Wednesday Webinar series, available here.

SVPAC is another example of the R&D capabilities Virginia offers to advance the innovative ideas and products of the Commonwealth’s technology-driven companies. To learn more, click here.

A view of the 3-D modeling and simulation capabilities at the Southern Virginia Product Advancement Center in South Boston, Va. Photo courtesy of the Southern Virginia Product Advancement Center.

VEDP Receives No. 2 State Economic Development Organization Ranking for 2014

Wednesday, 10 December 2014 14:11 by Info@YesVirginia.org
The American Economic Development Institute and Pollina Corporate Real Estate ranked VEDP No. 2 on its Top 10 State Economic Development Organizations list for 2014...

The American Economic Development Institute and Pollina Corporate Real Estate ranked VEDP No. 2 on its Top 10 State Economic Development Organizations list for 2014.

With growing competitiveness on a global scale, AEDI and Pollina wanted to put the spotlight on state economic development organizations that are excelling at their job.

“Leaders of economic development organizations throughout the country need to do a far better job of understanding that their primary objective is to create new jobs and retain those already located in their state,” said Dr. Ronald Pollina, chairman of AEDI and president of Pollina. 

This ranking is largely based on data from Stage II of the AEDI/Pollina Corporate Top 10 Pro-Business States 2014 report released earlier this year. The Stage II data examines the state’s incentive programs and the marketing efforts of their economic development agencies.

More specifically on the marketing analysis, the authors of the study examined the resources devoted to the agencies, their ability to respond to new company inquiries and existing company needs, and the functionality of their website.

Interestingly, the study found that a majority of states had few programs for existing companies and did not devote enough resources to contacting and assisting these existing companies. In contrast, VEDP has an entire team devoted to business expansion, which accounted for 86% of announced investment and 74% of new job creation in calendar year 2013. Even more impressive, the top five project announcements for both new job creation and invested capital in 2013 were made by expanding Virginia companies.

Through our international trade division, VEDP helps existing Virginia businesses expand sales internationally. Programs such as the Global Network, VALET, Going Global Defense Initiative and trade missions provide companies with the research, introductions and export training to substantially increase sales overseas.

The importance of an agency’s website can’t be underestimated, as this is the first point of contact for many companies and site selection consultants. VEDP offers a variety of tools through our website, including VirginiaScan, Compare Virginia, Community Profiles, and the YesVA app, which allow consultants to easily search a geographic area for available properties and obtain comparative demographic, economic and real estate information to easily narrow their search.

According to VEDP President and CEO Martin Briley, “This ranking is a tremendous honor for all of us here at VEDP. It represents the hard work of our entire staff, our partners and our allies as we work together to augment the economic vitality of the Commonwealth and tell the Virginia story on the global stage.”

To learn how VEDP can help your company and why businesses have prospered in Virginia for more than 400 years, click here.

Photo courtesy of the Virginia Department of Transportation.

Charlottesville Entrepreneurs Launch Moonlighting Mobile Marketplace App

Monday, 8 December 2014 15:51 by Info@YesVirginia.org
A team of Charlottesville entrepreneurs recently launched Moonlighting, a mobile company with an app that helps job seekers and people needing work done to connect...

A team of Charlottesville entrepreneurs recently launched Moonlighting, a mobile company with an app that helps job seekers and people needing work done to connect.

The three co-founders began brainstorming in August 2013 to find a way to parlay their expertise in payment platform development and mobile technology. According to CEO Jeff Tennery, “We wanted to do something significant that would really resonate with people. The employment market made the most sense.”

According to the company, Moonlighting is the only marketplace that lets users engage as both a payer and earner in a mobile environment. With two simple categories —“make money now” and “get stuff done” — users can easily identify their needs and skills.

The app is similar in functionality to Facebook and Twitter. In addition, users can easily post Moonlighting requests to their social media accounts.

Like most entrepreneurs, the company founders kept their day jobs while moonlighting on nights and weekends to hammer out the business plan and technology. After raising an angel seed round of funding in April and testing an alpha version of the technology in August, the company officially launched its app on October 15.

In just over a month, Moonlighting has already reached thousands of users nationwide, with projections for dramatic growth.

“Charlottesville is a rich, diverse area with a solid investment community. There’s a strong constituency of experienced business people looking to finance start-up and angel companies and offer their expertise,” said Tennery.

Proximity to UVA also allowed the company to tap into a talented labor pool. “We worked with undergrads from the business school on the marketing, Darden grads helped us with the business plan, and law school students helped write our terms and conditions,” noted Tennery.  “The region is rich in both business and culture, so there’s a great labor force of UVA grads who want to remain in the area.”

Highlighting the growing peer-to-peer economy and its financial impact, Moonlighting has published its first comprehensive report on how the nation is “moonlighting” through multiple financial opportunities. The monthly M.O.O.N. Report (Mobile Optimized On-Demand Network) tells the story of the American moonlighter and reveals the economic trends taking place in the new 1099 society. To download the app and report, visit the company’s website http://moonlightingapp.com/.

The fast growth of a technology-driven company like Moonlighting is another example of how Virginia provides the right resources and environment for entrepreneurs to start and grow their businesses. To learn more, click here.

The Moonlighting team at the company’s October launch party.

VEDP Host Virginia Tour for Chinese Journalists

Friday, 21 November 2014 12:57 by Info@YesVirginia.org
VEDP hosted a delegation of 10 influential journalists from the People’s Republic of China on a visit to Richmond this week as part of a larger tour organized by the Global Times...

VEDP hosted a delegation of 10 influential journalists from the People’s Republic of China on a visit to Richmond this week as part of a larger tour organized by the Global Times.

The journalists previously visited South Korea, Israel and Vietnam. While in the U.S., the group will visit Washington D.C., St. Louis and New York City to cover themes such as the U.S. representational government, freedom of the press, the future of U.S.-China relations, and Chinese foreign direct investment in the U.S.

The visit to Richmond is an extension of the D.C. portion of the tour. While here, the journalists met with Governor McAuliffe, and heard from Tranlin Inc. CEO Jerry Peng about Shandong Tranlin Paper Co.’s decision to locate its first U.S. manufacturing operation in Chesterfield County, Va.

The journalists experienced the strong cultural relationship that exists between China and Virginia. The group visited the Virginia Museum of Fine Arts and toured the Forbidden City: Imperial Treasures from the Palace Museum, Beijing and Beyond the Walls exhibitions.

The group’s final stop was at the Richmond Ballet for an overview of its Road to China cultural exchange scheduled for May 2015. The Richmond Ballet will travel to China to dance their mixed repertory program, Made in the USA: Traditions & Innovations, at the Meet in Beijing Arts Festival. This past July, the Richmond Ballet performed in China as part of the U.S. Department of State’s 2014 Cultural Pillar Delegation for the U.S.-China Consultation on People-to-People Exchange.

China-Virginia relations remain solid, and Governor McAuliffe led two marketing missions to China in July and October to tell the Virginia story and build relationships with companies seeking to expand into the U.S.

Virginia is a great location for international companies seeking to enter the U.S. due to the Commonwealth’s strategic East Coast location, pro-business regulatory and cost environment, excellent logistics network, premier workforce and enjoyable quality of life. To learn more, click here.

A group of leading online journalists from China visit the Virginia State Capitol during their tour of Richmond.

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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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Virginia to Offer Foreign Direct Investment Expertise

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Virginia Economic Developers Recognized in National Ranking

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

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

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

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

    - Pandy Brazeau, Virginia Economic Development Partnership

·         - Carrie Chenery, Shenandoah Valley Partnership

·         - Beth Doughty, Roanoke Regional Partnership

·         - Megan Lucas, Lynchburg Regional Business Alliance

·         - Buddy Rizer, Loudoun County Department of Economic Development

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

 

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Staying Focused on What Really Matters

Friday, 16 December 2016 14:39 by Info@YesVirginia.org

As 2016 comes to a close, we want to recognize the economic development profession throughout Virginia that works tirelessly for the common good, and in particular, to the dedicated employees of the Virginia Economic Development Partnership Authority (VEDP).

As leaders of the Board of Directors of VEDP—which by anyone’s measure, just experienced its most difficult year of operation since its formation in 1995—we are wrestling with deep problems facing VEDP, the economy and some systemic ones woven into the very fabric of how our Commonwealth approaches economic development. We are, however, optimistic because we know that economic development partners across the state are taking actions necessary to fortify Virginia’s future.

For our part, the VEDP Board is engaged. In 2014, Don Seale, then Chairman of the VEDP Board of Directors, realized that fundamental changes were needed inside the organization.  Don called for the creation of a Chief Operating Officer position and recruited Dan Gundersen to help reset VEDP. Dan’s initial focus was on strategic direction, creative programming, engaging employees, and assuring greater management control and accountability procedures.

We began to peel back the layers of VEDP. Dan Gundersen produced for the Board a first-ever Strategic Review that serves today as the guidepost for a 3-5 year action strategy for VEDP. A new compensation plan was adopted which provided pay equity across positions. We evaluated funding models for 49 other states’ economic development entities, produced new top-line metrics, put in place a robust communications strategy for the external partners and encouraged new avenues for employee input and engagement.   

We (Chris Lumsden and Dan Clemente) succeeded Don Seale as Chairman and Vice-Chairman respectively and the first thing we decided to do was to hear from our stakeholders. We conducted a Listening Tour that involved over 150 economic development professionals, public officials, and business interests in all regions of Virginia and more than 80 counties. We learned that over several years’ time, VEDP’s approach to marketing and deals had alienated many of its stakeholders and contributed to a crisis of confidence.

In March of this year, we asked Dan Gundersen to serve as Interim President and CEO, as well as COO, to help turn around VEDP. He demonstrated great courage and collaborative leadership skills in managing VEDP during a period of serious political stress and organizational crisis. Working with the Board’s Finance and Audit Committee, the VEDP team put in place solid due diligence procedures for discretionary grants, cleaned up twenty years of Governor Opportunity Fund records, and delved into data integrity and integration issues. VEDP also moved its 55,000 square-foot headquarters to new space that saved the Commonwealth over $1.8 million. The new headquarters is designed with open spaces and glass offices and, quite literally, sends a clear message to all that VEDP is a transparent organization that is reinventing itself for the next generation of economic development.   

By mid-summer, again with direct involvement of key Board leaders, input from the Joint Legislative Audit & Review Commission (JLARC) team and independent management consultants, VEDP was prepared to roll out a reorganization. Dan Gundersen successfully led VEDP through the difficult reorganization process, with input from a core planning group, cross-functional work teams, and facilitated focus groups of employees throughout the organization. Three new market-facing divisions were established: Business Investment, Competitive Initiatives and Workforce Development. They operate alongside VEDP’s International Trade team to support businesses.

New management in key spots has infused new energy and determination to have VEDP become recognized as the very best economic development organization in the country. We are pleased that Stephen Moret will join us at the helm in January.

Our work is not over—far from it. But we have laid a solid foundation on which to build a bright future for economic growth in Virginia. This would not have happened without the active support of Virginia’s economic development professionals. We thank you and look forward to continuing to work closely with you as we enter into the new year with renewed confidence and enthusiasm.

Sincerely,

Dan Clemente, Chairman of the Board
Vince Mastracco, Vice-Chairman of the Board
Chris Lumsden, previous Chairman of the Board

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Getting to Know: New River Valley

Thursday, 1 September 2016 16:30 by Info@YesVirginia.org

Throughout the year, VEDP embarks on regional familiarization trips, or FAM tours. In August, Charlie Jewell of the New River Valley Alliance lead a small group from VEDP on a tour around the New River Valley (NRV), which included 20 visits to local businesses.

The NRV covers more than 200 square miles and is home to Giles County, Pulaski County, Floyd County, Montgomery County, the City of Radford and Towns of Blacksburg and Christiansburg. With a growing population of 183,000, the NRV has an incredibly diverse and robust economy for its size.

In 2015, the region had the second highest job growth rate in Virginia, and this year, Area Development Magazine listed the NRV as having the fourth best workforce in the nation. The Valley is also a constant recipient of quality of life accolades thanks to the area’s beautiful mountainous setting and charming small town atmosphere. The NRV is also bolstered by their esteemed universities, including Virginia Tech and Radford, in addition to the New River Valley Community College.

On the tour, VEDP visited a wide array of business including Red Sun Farms, Jackson Park Inn, Floyd Commerce Park, Rackspace, Virginia Tech’s Corporate Research Center and the Riverbend Facility.

To learn more about Virginia’s wide variety of communities, click here.


Members from VEDP tour available building space in the New River Valley.

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Virginia’s Woodworking Industry Provides Solid Foundation

Friday, 26 August 2016 14:31 by Info@YesVirginia.org

This week, VEDP is attending the International Woodworking Fair in Atlanta, Georgia. We had the opportunity to partner with our state’s Department of Agriculture and Consumer Services and Department of Forestry to promote Virginia and its forest products, emphasizing the importance of the industry in the Commonwealth.

More than 31,000 people were employed by over 900 companies in Virginia’s wood products industry in 2015, which had a direct economic output of $10.3 billion and supported an additional output of $7.1 billion.

Virginia’s strategic mid-Atlantic location and superior transportation network provide access to 43 percent of the U.S. population located within a one-day (10 hour) drive. These assets combined with access to the Port of Virginia and a direct connection to over 100 foreign ports make an ideal location for wood industry companies.

Virginia’s higher education system provides education and training programs to bolster the Commonwealth’s workforce and therefore Virginia businesses. Virginia Tech’s Department of Forest Resources and Environmental Conservation is home to the following research centers: Conservation Management Institute, Center for Geospatial Information Technology and Virginia Water Resources Research Center. Virginia State University partners with Virginia Tech to run the Virginia Cooperative Extension to offer programs such as the Virginia Forest Landowner Education Program and the Virginia SHARP Logger Program. Blue Ridge Community College has a Die Cutting and Packaging program to generate skilled technicians for the paperboard packaging industry.

In the past decade, wood products companies in Virginia have announced projects worth $3.8 billion in pledged investment and more than 10,100 pledged jobs. To learn why companies choose Virginia click here.

VEDP, VDACS and VA Department of Forestry provide large Virginia presence at IWF 2016.

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Foreign Direct Investment Makes Massive Job Impact on Virginia

Thursday, 23 June 2016 09:48 by Info@YesVirginia.org

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.

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Sumitomo Machinery Corporation Celebrates 50 Years in North America

Friday, 3 June 2016 11:40 by Info@YesVirginia.org

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.

Georgia Pacific’s Big Island Mill Celebrates 125 Years in Virginia

Thursday, 26 May 2016 13:53 by Info@YesVirginia.org

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.

Distribution Companies Deliver Big Investment to Virginia

Wednesday, 18 May 2016 14:53 by Info@YesVirginia.org