Instant Systems to invest more than $900,000 to expand biotechnology packaging operation, retrain employees on new equipment 

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the launch of a new resource portal to help Virginia’s defense-related companies go global. The online portal was created through Virginia’s Going Global Defense Initiative (GGDI), the Commonwealth’s only program that secures new revenue streams for Virginia’s defense companies in face of declining U.S. Department of Defense spending, which in turn preserves jobs and replaces declining state tax revenues for Virginia. 

EAB, the leading provider of education research, technology, and marketing and enrollment solutions, will invest at least $6 million and add more than 200 jobs in Henrico County over the next five years.

RICHMOND - Governor Terry McAuliffe announced today that Kingspan Insulation, LLC, a subsidiary of Ireland-based Kingspan Group PLC, will invest $25 million to upgrade its manufacturing operation in Frederick County. In November 2014 Kingspan acquired Pactiv LLC’s Building Products division, which included the manufacturing plant. The company will invest in plant upgrades and new equipment, creating 15 new jobs. 

RICHMOND, VA - Governor Glenn Youngkin today announced that 11 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 more than 350 graduated companies, assists Virginia exporters that have firmly established domestic operations and are committed to international exporting as a growth strategy.

RICHMOND—The Virginia Economic Development Partnership (VEDP) today announced the acceptance of 11 companies into its two-year Virginia Leaders in Export Trade (VALET) program. The VALET program assists companies in the Commonwealth that are committed to international exporting as a growth strategy. To participate, each business must meet both quantitative and qualitative selection criteria, and participating firms are chosen based on their dedication to growing export sales. To date, 404 Virginia companies have been accepted to participate in the VALET program.

RICHMOND - Governor Terry McAuliffe announced today that Starsprings, a privately-held spring and spring-unit manufacturer based in Sweden, will invest $3.7 million to establish its first U.S. manufacturing operation in Henry County. The company will supply mattress units used in long-distance trucking. Virginia successfully competed against North Carolina and Pennsylvania for the project, which will create 68 new jobs.

Unilock, North America's premier manufacturer of concrete interlocking paving stones and segmental wall products, will invest $55.6 million to establish a manufacturing campus in Hanover County.

RICHMOND - Governor McAuliffe today announced the signing of a Memorandum of Understanding (MOU) between the United States Africa Command (AFRICOM) and the Virginia Economic Development Partnership (VEDP). AFRICOM is one of six geographic combatant commands in the Department of Defense and is responsible to the Secretary of Defense for military relations with African nations, the African Union, and African regional security organizations. 

Hilton, the leading global hospitality company, will retain its headquarters in Fairfax County, including upgrades to its facility in McLean. Hilton plans to create 350 net new headquarters jobs over the next five years.