NEWS RELEASES
Breaking ground, making headlines
Stay up to date on the latest announcements, milestones, and economic development news from across Virginia. Explore press releases highlighting the partnerships, investments, and stories driving growth throughout the Commonwealth
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10.20.2025
Merck to Establish $3 Billion Center of Excellence for Pharmaceutical Manufacturing in Rockingham County
U.S.-based pharmaceutical leader makes $3B investment, creating 500 jobs
10.09.2025
AstraZeneca Selects Albemarle County for $4.5 Billion Investment
AstraZeneca will invest $4.5 billion to establish two new manufacturing facilities in Albemarle County, creating 600 direct jobs and the company's largest single investment in a facility to date.
09.30.2025
Dover Food Retail Expanding Manufacturing Campus
Investment to bring over 300 jobs to Chesterfield County
09.24.2025
Area Development Ranks Virginia No. 1 in Nation for Workforce Training Program
The Virginia Talent Accelerator Program now ranked No. 1 in both key national rankings for workforce training programs.
09.16.2025
ABB Expands in Henrico County
Global technology leader in electrification and automation will invest $28.5 million, creating 100+ jobs
09.11.2025
Systems Planning & Analysis Expands Significantly in Northern Virginia
Investment includes an expansion of SPA's global headquarters in the City of Alexandria and its intelligence program office in Fairfax County
09.09.2025
First-of-its-Kind American Tin Production Facility Coming to Henry County
Nathan Trotter to invest approximately $65 million in Henry County, creating an estimated 118 jobs and strengthening domestic production of metals critical to national defense
09.04.2025
Hitachi Energy Brings Historic Investment to South Boston
$457 million to go into large power transformer production facility in South Boston, Virginia, creating 825 new jobs as part of the company’s broader $1 billion investment in U.S. expansion
09.02.2025
Red River Foods Expands Henrico Headquarters to Offer New Products
Red River Foods, a fully integrated supplier of nuts, seeds, dried fruits, snacks, and grains ethically sourced worldwide, will invest $15.5 million to expand its Henrico County headquarters.
08.27.2025
Google Investing $9 Billion Across Virginia
Investment to be seen throughout the Commonwealth, anchored by new Chesterfield County data center campus
Cailabs Relocates U.S. Headquarters to Arlington County
French photonics company will invest $300,000, creating 16 new jobs in the Commonwealth
MerryGoRound, Inc to Establish Fulfillment and Logistics Center in Pittsylvania County
E-commerce fulfillment company will invest $10 million and create 203 new jobs
08.12.2025
Land ‘N’ Sea Distributing, Inc. Growing in City of Norfolk
Wholesale distributor will invest $1.1 million, creating 29 jobs
08.01.2025
VEDP Announces $40 Million in Virginia Business Ready Sites Program Grants
13 Grants Distributed Across the Commonwealth by the Virginia Economic Development Partnership
07.18.2025
WB Alloys Establishes First U.S. Production Facility in Danville
UK-based wire alloy manufacturer will invest $6.6 million and create 30 new jobs
07.17.2025
Virginia Companies Expanding into Global Markets through Commonwealth’s Trade Accelerator Program
RICHMOND, VA — Governor Glenn Youngkin today announced that 13 companies across the Commonwealth have graduated from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, and 13 companies have joined the two-year program.
07.15.2025
Aerial Invests in New Technology Center in Patrick County
Department of Defense emergency breathing systems supplier to invest $781,000 and upskill five employees.
07.10.2025
ORBCOMM Inc. Establishes Global Headquarters in Northern Virginia
Industrial IoT solutions leader will invest in significant new job creation and office space expansion