Japanese company will create 200 new jobs, $37 million investment

Richmond - Governor Jim Gilmore today announced that Koyo Steering Systems of USA, Inc. will locate an advanced technology facility at the Botetourt Center at Greenfield, in Botetourt County. The new facility will be the U.S. headquarters of steering systems and will be the first to manufacture electronic steering systems. The company plans to hire 200 people within the next three to five years through a $37 million initial investment. 

DynaMarketing’s new facility will create up to 200 new jobs in Virginia

Richmond - Governor Jim Gilmore today announced that DynaMarketing will locate a new multi-million dollar facility in Spotsylvania County, creating up to 200 new jobs for the citizens of Virginia.

"I am pleased to welcome DynaMarketing to Spotsylvania County," Governor Gilmore said. "This venture will help to support Virginia’s unprecedented economic growth and create more positive job opportunities in the Commonwealth."

German transportation company to create 100 jobs in South Hampton Roads

Richmond - Governor Jim Gilmore today announced that Innovations in Transportation, Inc. (INIT) has decided to locate its North American headquarters in the City of Chesapeake. INIT is a leading provider of computer-integrated Intelligent Transportation Systems throughout Europe and the United States. The company plans to hire 100 employees within five years and will initially invest $2 million in the facility.

Governor Gilmore announces new business rankings from Site Selection magazine

Richmond - Governor Jim Gilmore today announced that Site Selection, a widely-read economic development trade magazine, has ranked Virginia among the top 10 states in 1998 economic development announcements. With 462 announcements of new and expanding businesses recorded last year, Virginia was the seventh most successful state in the nation. The magazine has tallied this annual industry benchmark for more than 25 years.

Icicon Electronics will create 80 new jobs, bring $2.5 million investment to Buchanan County

Richmond - Governor Jim Gilmore today announced that Icicon Electronics India, Ltd. will locate a new manufacturing facility in Buchanan County. The company will manufacture multilayer ceramic chip capacitors at the new facility. Icicon will create 80 new jobs for Virginians through an initial investment of $2.5 million.

Richmond - Three key directors have been named to join the staff of the Virginia Economic Development Partnership (VEDP), the state authority charged with marketing the Commonwealth to businesses and promoting Virginia exports. Mark R. Kilduff, Acting Executive Director of the Partnership, made the announcement today at the Virginia Economic Developers Association Spring Conference in Williamsburg.

AOL also announces $80 million for two new Loudoun County buildings

Prince William County - Governor Jim Gilmore today announced that America Online, Inc. (NYSE: AOL), the world’s leading interactive services company, has selected Prince William County as the site for a new $520 million technology center. America Online also announced plans to construct two new buildings worth $80 million at the company’s headquarters in Loudoun County.

Dairy manufacturer will create 170 new jobs, bring $70 million investment to Winchester area

Richmond - Governor Jim Gilmore today announced that HP Hood, a nationally recognized dairy manufacturer, plans to construct a beverage processing facility in Frederick County. The company will invest $70 million in the plant over the next four years. HP Hood expects to build its staff to more than 170 employees by 2000.

Richmond - Governor Jim Gilmore today announced the appointments of M.G. "Pat" Robertson, of Virginia Beach, and James J. Leto, of Reston, to the Board of Directors of the Virginia Economic Development Partnership (VEDP).

Richmond - The Board of Directors of the Virginia Economic Development Partnership (VEDP) has engaged Ms. Joan Jorgenson, an executive recruiting consultant, to conduct an extensive search for the organization’s vacant executive director position. Ms. Jorgenson will immediately begin a national search for candidates qualified in the economic development profession to lead Virginia’s business recruitment and trade development efforts.