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

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

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

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

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

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

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

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

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

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

Get to Know VEDP’s NEW COO Dan Gundersen

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

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

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

Q:  What has your first 75 days been like?

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

Q:  What specifically have you focused on?

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

Q:  What does VEDP do really well?

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

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

Q:  What challenges do you see ahead?

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

Q:  Where are you focusing your efforts for FY15?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Pollina Awards Virginia Another Top Pro-Business State Ranking

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

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

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

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

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

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

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

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

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

Photo courtesy of the Virginia Department of Transportation.

Orbital Sciences Completes Second Launch to the International Space Station

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

VEDP Welcomes VJIP to the Team

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

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

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

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

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

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

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

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

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

Virginia a Top State for Private Equity Investment

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

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

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

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

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

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

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

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

Photo courtesy of Private Equity Growth Capital Council

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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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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

This week, for Business Appreciation Month, we’re highlighting Virginia’s distribution industry and celebrating the positive impact these companies bring to the Commonwealth.

Virginia's businesses provide services and manufactured goods to customers throughout the world. Our distribution base remains strong and continues to grow with companies like The Home Depot, Best Buy, Target, Wal-Mart, Ace Hardware and Amazon.com all delivering goods from the Commonwealth.

Increasingly, retailers and distributors are taking advantage of Virginia's proximity to Eastern U.S. and Midwest markets. Millions of square feet of new warehousing space have been added at new distribution centers around the state.

In the past decade, 365 global logistics industry projects have announced capital investment of more than $1.8 billion and the creation of over 16,500 new jobs.

The Commonwealth is within a one-day drive time of approximately 43 percent of the U.S. population and over 186,000 manufacturing establishments. With our central East Coast location, Virginia is an obvious choice for many companies looking to establish or expand distribution centers.

In 2012, The Vitamin Shoppe announced a $39.4 million investment to establish a distribution center and create 174 new jobs in Hanover County. The 312,000 square-foot facility has become the company’s flagship distribution center featuring a state-of-the-art conveyor and picking and packing systems to move products from storage shelves throughout the facility to shipping bays.

McLane Foodservice Distribution, located in Prince William County, services restaurants in the Mid-Atlantic region. With two expansions in the last 10 years, the 223,000 square foot facility has three different temperature controlled areas—freezer, refrigerated and dry—in addition to employing more than 160 people.

As part of Virginia Business Appreciation Month, the distribution and global logistics industry is a great example of success due to the Commonwealth’s premier location and business environment. To learn more about the distribution industry in Virginia, click here.


The Vitamin Shoppe distribution center in Hanover County, Virginia.

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Forbes.com Ranks Virginia #2 Best State for Business for Second Year Running

星期一, 5 十二月 2011 11:01 by Info@YesVirginia.org
Once again Virginia has received a podium ranking from Forbes.com as the #2 Best State for Business in 2011. Virginia claimed the number two spot for the second year running after placing number one from 2006 – 2009.

Once again Virginia has received a podium ranking from Forbes.com as the #2 Best State for Business in 2011. Virginia claimed the number two spot for the second year running after placing number one from 2006 – 2009. Forbes.com uses six categories to determine the results and Virginia scored in the top five in three of the categories, including labor supply, regulatory environment and quality of life.

According to Forbes.com, “Virginia ranks No. 2 for the second straight year after a four year run ranked first. Virginia has a strong, educated labor force and a pro-business regulatory climate. The only thing keeping it from the top spot is its outlook.”  While the article listed possible changes in federal and military spending as the reason Virginia didn’t receive the top accolade, Virginia’s strong growth story is illustrated by its recent number one ranking for Economic Potential in Business Facilities magazine 2011 Rankings Report.

2011 has been an impressive year for Virginia, with number one rankings from CNBC and Pollina Corporate Real Estate, as well as a top five ranking from Site Selection magazine. Virginia’s number one CNBC ranking was significant not only because it has held one of the top two places since 2007, but in 2011 Virginia received the highest point total in the history of the ranking. 

The factors that are used to calculate these results include energy costs, corporate tax rates, right-to-work legislation, workers compensation laws, educational opportunities, the quality and skill of the workforce, job creation, project development, the potential and viability of the state’s growth strategy and quality of life. The results are in and Virginia has shown it is open for business by consistently scoring top state rankings. 

To learn more about Virginia’s unique combination of resources that have encouraged entrepreneurs to prosper here for more than 400 years click here.

Virginia’s Renewable Energy Industry Expands

星期四, 1 十二月 2011 17:24 by Info@YesVirginia.org
Yesterday, leading biomass fuel manufacturer Enviva LP announced plans to build a 454,000 metric ton wood pellet manufacturing facility in Southampton County, Va. This $75 million investment will create 64 new full-time jobs as well as additional jobs through the company’s logging supply chain.

Yesterday, leading biomass fuel manufacturer Enviva LP announced plans to build a 454,000 metric ton wood pellet manufacturing facility in Southampton County, Va. This $75 million investment will create 64 new full-time jobs as well as additional jobs through the company’s logging supply chain.

Virginia is on the fast track to lay claim to the title “Energy Capital of the East Coast,” and this is certainly another step towards that end. With an “all-of-the-above” solution to the energy crisis, the Commonwealth possesses resources across multiple sectors ranging from conventional fuel mining to natural gas and nuclear energy, all the way to renewable energy sources such as wind and biomass.

Enviva’s mission is closely aligned with the Commonwealth, as it seeks to balance energy needs with environmental concerns through a strong commitment to sustainable business practices. Recognizing that transportation is a component of a company’s total environmental impact, Enviva strategically locates its facilities within 75 miles of biomass sources. The company also selects locations in close proximity to waterways and ports for easy shipment to international customers, particularly in Europe. 

Fortunately, Southeastern Virginia is uniquely positioned to meet the company’s needs on both counts. Best summed up by Enviva Chairman and CEO John Keppler, “Southampton County has all the elements essential to our success: a rich wood basket, a strong and seasoned timber industry, a skilled and experienced labor force and is logistically advantaged to our Port of Chesapeake export terminal." Enviva invested in a terminal at the Port of Chesapeake earlier this year due to its deep water capacity and ability to accommodate a large variety of vessels.

To learn more about Virginia’s energy assets and why 385 energy companies have set up operations in the Commonwealth click here.

Alpha Natural Resources Opens Headquarters in Bristol Virginia

星期二, 29 十一月 2011 14:12 by Info@YesVirginia.org
Yesterday, leading coal supplier Alpha Natural Resources celebrated the opening of its new corporate headquarters building in Bristol, Va. Governor McDonnell was joined by state and local officials to congratulate the company at its unique ribbon-cutting ceremony where a team of coal miners cut a ribbon of miner’s belts to commemorate the new building.

Yesterday, leading coal supplier Alpha Natural Resources celebrated the opening of its new corporate headquarters building in Bristol, Va. Governor McDonnell was joined by state and local officials to congratulate the company at its unique ribbon-cutting ceremony where a team of coal miners cut a ribbon of miner’s belts to commemorate the new building. Located on 30 acres at the Sugar Hollow Business Complex, the 130,000-square-foot building was designed to meet the green building Leadership in Energy and Environmental Design (LEED) standards.

Alpha Natural Resources announced its selection of Virginia as the site for its new headquarters building just over two years ago. The investment of more than $20 million combined with the creation of 69 new jobs and preservation of 131 jobs is a significant boon for the City of Bristol and Southwest Virginia.

Virginia can count yet another headquarters win to its all-star roster, successfully competing against Maryland and Tennessee for the business. Alpha Natural Resources is certainly an impressive company to add to this list. Commencing operations in 2002, the company has quickly grown to become the world’s third largest metallurgical coal supplier and the top metallurgical coal supplier in the U.S.

Location was a key deciding factor in Virginia’s favor. According to CEO Kevin Crutchfield, “The property is in a very attractive park-like setting and has easy Interstate access. A distinct advantage of the new location is its proximity to many of the company’s operations and its convenience for Alpha’s current corporate office work force.”  With a long history of coal mining in Southwest Virginia, the company has an experienced work force to draw upon for future growth.

To learn more about Virginia’s booming energy industry and why other energy companies have said yes to Virginia click here.

Made in America - Virginia's Plastics Industry Expands Again

星期二, 22 十一月 2011 16:02 by Info@YesVirginia.org
Made in America - Virginia's Plastics Industry Expands Again

Commonwealth Laminating & Coating, Inc. just announced plans to invest $16.5 million to expand its highly advanced manufacturing facility in Martinsville, Va. Secretary Cheng was on hand today to present President & CEO Steve Phillips with a Virginia Flag to celebrate the company’s growth as well as the 40 additional jobs this project will create.

As Southside Virginia continues its economic rebound, it is particularly good news for the region when valued employers, such as Commonwealth Laminating & Coating, choose to remain and grow in the area. Even more impressive, Virginia successfully competed against China for this project. Though the company has operations in eight locations across five countries, the Martinsville location serves as the company’s sole manufacturing facility, not to mention its corporate headquarters. With the ever present concern about manufacturing jobs migrating overseas, this expansion speaks volumes about how competitive Virginia’s business environment really is at the global level.
 
This expansion will allow the company to grow its solar control window film and high-performance coatings business serving the automotive, architectural, safety and security, and industrial markets. It also marks another win for Virginia as the Commonwealth stakes its claim as a leading polymer and film manufacturing location.

Virginia is home to more than 200 plastics companies that employ more than 20,000 residents. Since 2002, plastics and advanced materials companies have invested more than one billion and created more than 5,600 new jobs in Virginia. Recently, a number of new investments have been announced including Dupont, O’Sullivan Films and Green Mountain Coffee packaging supplier Phoenix Packaging. To learn why these plastics and advanced materials companies chose to locate their manufacturing facilities in Virginia click here.

Dulles International Airport Delivers More than Passengers

星期五, 18 十一月 2011 17:17 by Info@YesVirginia.org

What many commuters traveling through Dulles Airport may not know is that this airport handles a significant amount of commercial freight and is primed to handle additional air cargo capacity. From refrigerated food to flowers to pharmaceuticals and heavy equipment, Dulles Airport offers a number of competitive advantages for advanced manufacturers, freight forwarders and third-party logistics providers.

Officials from the Metropolitan Washington Airports Authority (MWAA), Loudoun County, and Virginia Economic Development Partnership (VEDP) recently hosted a group of site selection consultants to expound upon these strategic advantages – location, low operating costs and existing infrastructure.

Located at the center of the East Coast air cargo market, the Dulles Catchment Area covers 25 states and part of Canada with overnight service. Dulles has a dedicated access road providing a fast connection to I-95, and its close proximity to I-81 and I-70 provide an extensive ground transportation network to Eastern, Midwestern and Canadian markets. Due to the nature of goods being transported, timing is critical and gains in efficiencies not only deliver a better product to the end user, but save the shipper from incurring spoilage costs.

Of equal importance to its import capabilities, Dulles is also able to attract a strong market for export, which is crucial to establish cargo for the backhaul. “If exports and imports match up, it’s a huge enhancement and adds to the price-point value. Air freight carriers and manufacturers ideally want the planes to be fully loaded both coming and going,” said Warren Hammer, VEDP Business Development Manager – Logistics.

Dulles Airport can also be highly competitive from a cost standpoint. It is an industry standard to charge landing fees; however, Dulles bases its fees on the Maximum Landing Weight while many of its competitors base their fees on the Maximum Take-Off Weight. As an airplane weighs considerably less at landing, due to fuel consumption, these cost savings can add up over time. Dulles also competes favorably on other costs such as lower cargo handling and fuel fees, as well as fewer weather-related delays compared to its Northern counterparts, leading to an overall lower operational cost structure for carriers and manufacturers.

In 2010 Dulles handled almost 323,000 metric tons of freight, with more than 195,000 metric tons traveling internationally. Its 442 weekly international departures to 48 destinations around the world illustrate how Dulles has already developed a substantial infrastructure. “There’s already a critical mass for the global air cargo market, but what’s most exciting is there’s capacity to grow,” said Brent Sheffler, VEDP Managing Director - Advanced Manufacturing. Added Sheffler, “Dulles has 515,000 square feet of cargo warehouse space, nearly one million square feet of cargo ramp and hundreds of acres surrounding the airport to support highly-secured air cargo and climate-controlled distribution facilities.”  

The air cargo capabilities of Dulles International Airport add to the compelling story of why Virginia is CNBC’s Top State for Business. To learn why Virginia’s is a leading gateway to the world click here.

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Blacksburg Virginia Named Bloomberg Businessweek’s #1 Best Place in the U.S. to Raise Kids

星期四, 17 十一月 2011 15:44 by Info@YesVirginia.org
Blacksburg Virginia Named Bloomberg Businessweek's #1 Best Place in the U.S. to Raise Kids

Best known as the college town surrounding Virginia Tech, Blacksburg is making a name for itself as a family-friendly community after receiving top scores on a number of factors parents consider when deciding where to live. “Excellent schools, combined with an affordable cost of living, relatively low crime, and plentiful amenities lifted Blacksburg to first place in Businessweek.com’s sixth nationwide ranking of best places in each state in the U.S. to raise kids,” according to Bloomberg Businessweek.

Blacksburg offers residents a high quality of life with a multitude of recreational activities. Located between the Blue Ridge and Alleghany Mountains, the town provides easy access to the Appalachian Trail and the George Washington and Jefferson National Forests. In addition to an aquatic and community center, Blacksburg maintains more than 400 acres of parkland which houses public playgrounds, sports fields and miles of walking and biking trails.

It is no surprise that the top city to raise children has an excellent educational system, with schools that score well above average on standardized tests. The community is home to seven public schools – from elementary through high school – as well as several private schools, day-care facilities and preschools. As for higher education, Virginia Tech was ranked 28th in U.S. News & World Report’s Top Public National Universities list and its College of Engineering was ranked 15th in the nation. With more than 100 centers and institutes performing research, Virginia Tech graduates enter the workforce armed with real world, problem-solving experience. 

The Blacksburg workforce is highly educated, with two-thirds of residents above the age of 25 holding a bachelor’s degree or higher and 40 percent holding a graduate or professional degree. This type of educated workforce combined with the research capabilities of Virginia Tech is a huge draw for companies. The Virginia Tech Corporate Research Center is home to more than 140 high-tech companies and research centers and Blacksburg Industrial Park is one of several industrial and research business parks housing numerous high-tech and manufacturing companies. In fact, Blacksburg had three companies make Inc. Magazine’s 2011 500|5000 list of the fasting growing U.S. companies.

To learn more about why Blacksburg, Va. is the best place in the U.S. to raise a family click here.

 

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Virginia On Target at CoreNet Global Summit

星期二, 15 十一月 2011 10:34 by Info@YesVirginia.org
Virginia's web-based site selection tools on target with CoreNet Global Summit show theme - Social Dynamics: Connectivity, Creativity, Relationships.

Virginia Economic Development Partnership (VEDP) exhibited at the CoreNet Global Summit in Atlanta, Ga., last week to promote Virginia’s pro-business climate and extensive assets with business leaders and site selection consultants in the hopes of drawing additional investment and jobs to the Commonwealth. CoreNet Global is a leading member association for corporate real estate executives and this year’s event drew more than 1,500 attendees.

The international presence at this year’s show continued to increase, reflecting the macro trends of globalization and the subsequent expansion of the corporate real estate industry. Also of note was an increase in real estate firms, providing a full-service approach that end-users typically had to farm out to multiple service providers. 

The theme of this year’s event was “Social Dynamics: Connectivity, Creativity, Relationships,” exploring how people are connecting in different ways with new tools and how this impacts the corporate real estate industry. Fortunately, Virginia is right on target keeping pace with technology and the demands of the industry. The Commonwealth has one of the country’s most advanced site selection tools called VirginiaScan. VirginiaScan is a web-based tool that allows companies and consultants to search a database of more than 2,100 qualified sites and buildings across the Commonwealth based on a number of criteria such as property type, square footage, logistics requirements, labor statistics and existing business data. Virginia also has another web-based tool called Compare Virginia, which allows consultants to perform a side-by-side comparison of how Virginia compares with other states in a variety of areas, including education, employment, income and wages, labor relations, population, public debt and taxes. 

Tools like those mentioned above cater to the on-the-go demands of executives and site selection consultants by allowing them to access web-based tools and get a head-start on research, while maintaining confidentiality in the early stages of a property search. To learn why CNBC has selected Virginia as the Top State for Business and how VEDP can help with your site selection search click here

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New ITT Exelis Headquarters Open for Business

星期三, 9 十一月 2011 16:15 by Info@YesVirginia.org

Yesterday, ITT Exelis celebrated the official opening of its new headquarters in Fairfax County, just a few short months after Governor McDonnell’s announcement of the company’s plans to invest up to $5 million and create 100 new jobs. This has been a busy few weeks for ITT Exelis, completing its spin-off from ITT Corporation on October 31, and ringing the bell at the New York Stock Exchange as an independent company on November 4. 

Secretary Cheng and Congressman Jim Moran were on hand to offer their congratulations to the company as ITT Exelis unveiled its logo on the newly christened headquarters building. Located on Tysons Boulevard, the new corporate headquarters is housed in the center of the bustling business community of Tysons Corner in McLean, Va., just a few miles away from the Pentagon and other key government and military customers. With expansion of the D.C. Metro’s Silver Line expected to come right through the area in a couple of years, contact with D.C. defense players will only improve.

Proximity to key customers isn’t the only reason Virginia won this deal. ITT is already well acquainted with Virginia’s pro-business climate, as it is has a strong presence across the state with operations in McLean, Herndon and Roanoke. The decision to further its presence in the Commonwealth, particularly with ITT Exelis’ headquarters location, illustrates an understanding of Virginia’s strong assets that include a highly skilled workforce and a favorable regulatory and tax environment.

Coming right on the heels of Northrop Grumman’s new headquarters opening, Virginia is establishing itself as the global hub for the defense industry. Already home to ATK, BAE Systems Inc., CACI International, Computer Sciences Corp., General Dynamics, SAIC and SRA International, the Commonwealth is in a strong position to attract additional defense players. To learn why top defense and aerospace companies said yes to Virginia click here.

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Top U.S. Construction Company Brings 625 Jobs to the Top State for Business

星期一, 7 十一月 2011 17:06 by Info@YesVirginia.org

Virginia wins big again – Bechtel Corporation, rated the top U.S. construction contractor by Engineering News-Record, just announced its plans to invest $18 million and bring 625 jobs to Fairfax County in Northern Virginia. The company will relocate its Global Operations headquarters from Maryland and establish its Government Services group headquarters at the Reston Town Center in Reston, Va.

Bechtel selected Virginia because it has the right combination of resources to help the company succeed in a global environment. The growth sectors of the Commonwealth closely align with Bechtel’s market focus, and the location in Fairfax County puts the company in close proximity to key customers in the government, IT, energy and transportation sectors. With the company’s corporate headquarters in San Francisco, Virginia’s central East Coast location gives Bechtel a coast-to-coast presence as well as global access through nearby Dulles International Airport.

Virginia’s ability to match the company’s workforce needs, particularly in the IT and engineering sectors, helped seal the deal. Virginia has the highest concentration of high-tech workers in the nation according to Cyberstates 2010 – 277,575 to be exact. The Commonwealth also has a strong pipeline of educated technology professionals entering the workforce with more than 18,500 students enrolled in IT programs and 3,400 degrees and certificates awarded in the 2009-2010 academic year. To learn more about Virginia’s technology assets click here.

Bechtel is part of a steady stream of companies who have recognized Virginia’s pro-business climate and selected the Commonwealth for their headquarters operations.  SAIC, CSC, Volkswagen of America, Northrop Grumman, ITT Exelis and Hilton Worldwide are just a few companies that have established headquarters in the Commonwealth. To learn why many of the world’s largest companies call Virginia home click here.

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Virginia Brews Up 800 New Jobs in Isle of Wight

星期二, 1 十一月 2011 15:59 by Info@YesVirginia.org

Isle of Wight County received some big news when leading coffeemaker Green Mountain Coffee Roasters, Inc. (GMCR) announced it will invest $180 million and create 800 jobs over the next five years. The company plans to purchase a 330,000-square-foot building at Shirley T. Holland Intermodal Park that will serve as a production and distribution facility, handling the roasting, grinding, flavoring and packaging of its Keurig® single-serve product line. 

Governor McDonnell aptly described this project as “transformational for Isle of Wight County.” The county, part of the Hampton Roads region, was especially hard hit by job losses during the recent economic downturn. The 800 jobs that this project will bring are particularly meaningful to this community.

Virginia was able to attract this world class consumer products company because it was able to provide a location that aligned the company’s production facility with its supply chain, workforce and logistical needs. The Commonwealth’s central location on the Atlantic Coast allows for easy transport to the Northeast, Southeast and Midwest markets. 

GMCR referenced the appeal of Virginia’s workforce as one of the key factors in selecting this site. Virginia is home to 525 Food Processing companies that employ more than 33,000 people. A steady stream of skilled employees is provided through Virginia Tech’s Department of Food Science and Technology, the Virginia Packaging Application Center at Dabney S. Lancaster Community College, and the Center for High Performance Manufacturing, also at Virginia Tech.

The Food and Beverage cluster is growing in the Commonwealth as Food Processing companies have invested more than $2 billion since 2000, creating more than 6,900 new jobs. Hershey, Kraft Foods, Perdue, Smithfield and Tyson have all elected to locate operations in Virginia. In fact, Phoenix Packaging Operations, LLC, a company that invested $37.5 million over the last eighteen months to establish and then expand its first U.S. operations in Virginia, counts GMCR as one of its packaging customers. 

As Virginia’s Food and Beverage industry continues to grow, its education system has kept pace by expanding its offerings and including specialized training programs to support this growth. The synergies of this public-private partnership are evident, drawing additional companies to the area and furthering the positive trend. To learn more about Virginia’s thriving Food and Beverage industry click here.

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U.S. News and World Report Recognizes Virginia’s Education System

星期五, 28 十月 2011 09:59 by Info@YesVirginia.org

With the Governor’s Second Annual Forum on Education and Workforce Training occurring next week, Virginians are primed to discuss our world-class workforce and ensure it remains at the top. Recently, several Virginia colleges and universities received national recognition for being among the best higher education institutions in the nation. In the prestigious U.S. News and World Report Top Public National Universities List, The University of Virginia ranked second and The College of William and Mary ranked sixth. The University of Virginia’s undergraduate business program was recognized with a fifth place ranking and its renowned law school placed ninth this year. The College of William and Mary had the eighth ranked undergraduate teaching program in the country.

Washington and Lee University ranked twelfth among the nation’s best liberal arts colleges. Virginia Commonwealth University had the number one Nursing-Anesthesia program and the number four Fine Arts Program. Virginia Tech University’s College of Engineering was rated fifteenth in the country. The University of Richmond was ranked twenty-seventh in the national liberal arts college category. It was also listed as the third up-and-coming liberal arts school and ninth for best value in the liberal arts school category. Virginia Military Institute was ranked fourth in the public liberal arts college category. George Mason University also received a nod as the number two up-and-coming school in country.

At the regional level Virginia educational institutions also showed strongly. In the category of Top Public Regional Universities in the South, James Madison University was ranked number two, the University of Mary Washington was ranked number six and Christopher Newport University was ranked number nine.   

Success at the collegiate level is grounded in a strong system of elementary and secondary education. U.S. News and World Report also released its Best Public High School List and one of Virginia’s high schools received the number one spot in the Gold Medal category. Thomas Jefferson High School for Science and Technology in Alexandria, Va., was selected from more than 21,000 public high schools across the nation as the number one public high school based on proficiency standards and the degree to which it prepared students for college-level work.

In the 2010-11 academic year, 133,603 degrees from associate through doctorate were awarded at Virginia's colleges and universities. With more than 500,000 students currently enrolled in more than 100 in-state institutions of higher education, and 18,000 military personnel exiting the armed services annually, Virginia is producing a diverse pipeline of skilled workers able to meet the needs of businesses looking to expand into the Commonwealth.

Click here to learn more about Virginia’s excellent education system and workforce training programs serving a variety of industry sectors.

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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, provbutton_count">Share

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

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

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

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

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

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

Made In America — Insourcing On the Rise

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

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

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

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

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

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

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

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

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

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

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

Virginia Small Business Financing Authority Launches Micro-Loan Program

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

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

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

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

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

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

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

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

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

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

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

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

Virginia’s Wind Industry Moves Forward On and Offshore

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

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

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

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

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

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

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

 

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

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

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

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

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

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

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

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

Virginia Delivers — Inaugural Flower Shipment from Ethiopia

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

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

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

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

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

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

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

Fortune 100 Company Honeywell Chooses Virginia - Again

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

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

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

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

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

Advance Auto Parts Adds Financial Center to Virginia Headquarters

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

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

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

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

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

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

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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.

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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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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