RICHMOND—Governor Ralph Northam today announced that Bausch + Lomb, a leading global eye health business of Bausch Health Companies Inc. (NYSE/TSX: BHC), will invest more than $35 million to expand its manufacturing facility in the City of Lynchburg. In total, 79 new jobs will be created over the next five years.
RICHMOND—Governor Ralph Northam today announced that Acoustical Sheetmetal Company (ASC), a manufacturer of sound attenuating and weather protective enclosures for on-site power generation equipment, will invest $15.8 million to expand its operation in the City of Virginia Beach. The company, which operates three facilities in Virginia Beach, will add a 100,000-square-foot facility to increase production. Virginia successfully competed with North Carolina and South Carolina for the project, which will create 200 new jobs.
RICHMOND - Governor Terry McAuliffe today announced that five Tazewell County companies have graduated from the Go Global with Coal & Energy Technology (GGCET) program, a collaboration of the Governor’s Office, Virginia Economic Development Partnership (VEDP), and Virginia Coalfield Economic Development Authority (VCEDA) as a result of the Governor’s 2014 Energy Plan.
RICHMOND—Governor Ralph Northam today announced that Modea, a technology company that specializes in digital strategy for healthcare organizations, will invest $100,000 to grow its operation in Montgomery County. Headquartered in Blacksburg, Modea recently moved to a larger office space located at 301 South Main Street and will expand to accommodate new business, creating 20 new jobs.
RICHMOND—Governor Ralph Northam today announced that Greenswell Growers, Inc. will invest more than $17 million to establish a new commercial hydroponic greenhouse operation in Goochland County’s West Creek Industrial Park. The company will create 27 new jobs in addition to internships and learning opportunities for Goochland County High School’s Career and Technical Education students.
RICHMOND—Governor Ralph Northam today announced that Musser Lumber Company, Inc. will expand current operations in Rural Retreat, creating 12 new jobs and investing $2.4 million in Wythe County. The family-owned company is adding new production and drying capacity for sawdust and wood shavings which it will source exclusively from Virginia sawmills. Over the next three years, this will lead to more than $8.5 million in additional forest product purchases.
RICHMOND—Governor Ralph Northam today announced that 10 companies across the Commonwealth have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) Program. VALET, which now has over 300 graduated companies, assists Virginia exporters that have firmly established domestic operations and are committed to international exporting as a growth strategy.
RICHMOND - Governor Terry McAuliffe today announced Phase II of the Virginia Business Ready Sites Program (VBRSP) development grants for eight sites across the Commonwealth totaling $1,188,288 in grant funding. The VBRSP, administered by the Virginia Economic Development Partnership (VEDP), is a discretionary program established to help Virginia localities develop and market their existing industrial or commercial sites to prospective businesses, thus enhancing the Commonwealth’s infrastructure and promoting its competitive business environment.