RICHMOND - Governor Terry McAuliffe today announced that MAG Aerospace is the recipient of the 2016 Commonwealth of Virginia Governor’s Award for Excellence in International Trade. The award was presented at the 68th Annual Virginia Conference on World Trade, held in Norfolk. MAG Aerospace has been a participant in the Commonwealth’s international trade programs since 2012. Through its international project successes and acquisitions, the company has grown to more than $145 million in annual revenue and nearly quadrupled its employment to more than 900.

RICHMOND - Governor Terry McAuliffe announced today that Virginia has received more than $359,400 in grant funding to support the Commonwealth’s State Trade and Export Promotion (STEP) Grant Program. The STEP Program, funded in part through a Cooperative Agreement with the U.S. Small Business Administration, is designed to increase the number of small businesses that are exporting and to raise the value of exports for small businesses that are already selling products overseas.

Richmond - Governor Terry McAuliffe announced today that OVH, the leading cloud provider in Europe, will invest $47 million to establish its North American headquarters and first U.S. data center in Fauquier County. The company will install dark fiber infrastructure in an existing facility in the Vint Hill Business Park.

RICHMOND - Governor Terry McAuliffe today announced that CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, will invest $8.17 million in a new research and software development center in Richmond. Virginia successfully competed against states in the Southeast and Midwest for this project, which will create 732 new jobs and have a total economic impact of $250 million via direct local salaries, lease on the property, and capital improvements at the facility, among other factors.

RICHMOND - Governor Terry McAuliffe today announced the first round of Virginia Business Ready Sites Program (VBRSP) grants to 28 projects across the Commonwealth. 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.

RICHMOND - Governor Terry McAuliffe today announced that Dominion Packaging, a provider of packaging solutions for the tobacco and quick service restaurant industry, will invest $25.1 million to expand its operation in Henrico County to support a new contract with Anheuser-Busch. Virginia successfully competed against Pennsylvania for the project, which will create 60 new jobs.

RICHMOND - Governor Terry McAuliffe today announced that Microsoft Corporation will invest $251.6 million to expand its data center site in Mecklenburg County and increase capacity to serve its growing customer base. Virginia successfully competed against other sites in the U.S. for the project, which will create 44 new jobs. 

RICHMOND - Governor Terry McAuliffe today announced that MAXIMUS, a government contractor that provides program management and administrative services, will invest $1.87 million to establish a customer support center in the City of Hampton. The new operation will support government contracts across the country. Virginia successfully competed against Pennsylvania and Texas for the project, which will create 189 new jobs.

MELBOURNE, AUSTRALIA - Governor Terry McAuliffe today announced the signing of a Memorandum of Understanding (MOU) between the Government of Victoria, Australia and the Virginia Economic Development Partnership (VEDP) for comprehensive collaboration on cybersecurity-oriented opportunities.

RICHMOND - Governor Terry McAuliffe today announced that Grandwatt Electric Corporation, a Suffolk-based manufacturer, has made sales to distributors in Chile and Costa Rica as a result of its participation in the Virginia Economic Development Partnership’s (VEDP) international trade programs. After attending the VEDP-led ExpoMin Chile trade show in April of 2016, Grandwatt signed an agreement with DiPERK Power Solutions to distribute its generators in Chile.