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, 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.

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.

Massimo Zanetti Beverage USA, one of the largest vertically integrated coffee companies in North America, will invest $29.1 million to consolidate and expand operations at its roasting facility in the City of Suffolk.

Hanley Energy, Irish-owned global innovators in Critical Power and Energy Management solutions, will invest $8 million to expand its Hanley Energy Electrical division in Loudoun County.

The LEGO Group will invest over $1 billion to construct its U.S. manufacturing plant in Chesterfield County. The company will construct a new 1.7 million-square-foot precision manufacturing facility, creating over 1,760 new jobs.

Nodal Exchange, a Fairfax-based derivatives exchange providing price, credit, and liquidity risk management solutions to participants in the North American commodities markets, will expand in Fairfax County.

High Liner Foods Incorporated (High Liner Foods), a leading North American value-added frozen seafood company, will continue to invest in modernizing its facility in Newport News with new equipment and product lines.

Scholle IPN, a leading global supplier of total flexible packaging solutions, will invest $31.1 million to expand its operation in Smyth County. The company will expand the facility to accommodate new manufacturing lines.

Axxor, a global leader in paper honeycomb development and production, will invest $3.5 million to expand its manufacturing capacity in Ringgold East Industrial Park in Pittsylvania County.