RICHMOND - Governor Timothy M. Kaine today announced that Raytheon Company, a technology and innovation company specializing in defense, homeland security, cybersecurity and other government markets, is planning to consolidate some of its Northern Virginia facilities into approximately 600,000 square feet of building space in Loudoun County.
Richmond - Governor Timothy M. Kaine today announced that he will travel April 18-25, as the guest of the Israeli and Moroccan governments, to promote Virginia to business and government leaders. Governor Kaine also will participate in a confidential meeting with an economic development prospect in Dubai. He will be joined on the trip by First Lady Anne Holton and Virginia Secretary of Commerce and Trade Patrick O. Gottschalk.
RICHMOND - Governor Timothy M. Kaine today announced that Owens-Illinois, Inc. (O-I), a manufacturer of glass containers for food, beer, wine, spirits and non-alcoholic beverages, will invest $20 million to upgrade equipment at its manufacturing plant in James City County. The facility improvements, made possible through a public-private collaboration, will take place during the next 12 to 24 months and will enhance the energy efficiencies and technological capabilities of the plant. The company employs 180 people at the James City County plant.
RICHMOND - Governor Timothy M. Kaine today announced that Alcoa will invest up to $25 million to increase capacity and production of investment castings for industrial gas turbines at its Hampton operations.
RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of nine Virginia companies into its Accessing International Markets (AIM) export development program. The year-long AIM program introduces companies across Virginia to new global business opportunities.
RICHMOND - Governor Timothy M. Kaine today announced that marketing and advertising company Quebecor World Inc. will invest $35.2 million to expand in Frederick County. As the recipient of two new printing presses that will increase production capability, the Frederick County operation will retain 150 existing jobs and create 30 new positions. Virginia successfully competed with Pennsylvania and Tennessee for the project.
Governor Kaine met with Quebecor World senior management during a 2006 marketing mission to Montreal.
RICHMOND - The Virginia Economic Development Partnership (VEDP) is offering a new service to help Virginia companies grow internationally amid challenging economic times domestically.
RICHMOND - A combined 16 companies from across the Commonwealth will graduate Thursday from two state export programs, touting impressive results from their newly acquired tools to successfully export products and services overseas. The graduating companies will be recognized during a noon luncheon Thursday at the Richmond Omni Hotel.
RICHMOND - Governor Timothy M. Kaine today announced that for the second time during his administration, CNBC has named Virginia its “Top State for Business”. This best-in-the-nation ranking was based on a wide range of factors, from workforce quality to broadband infrastructure, and reaffirms that “Virginia has what it takes to emerge from an economy turned upside down.” Virginia received CNBC’s top ranking in 2007 and was ranked second in 2008. This is the fourth time in the last month that Virginia has received national acclaim as a top place to do business.
RICHMOND - Governor Timothy M. Kaine today announced that Columbus McKinnon Corporation, a leading designer, manufacturer and marketer of material handling products, plans to invest approximately $5 million in its Damascus Hoist Division operations in Washington County. This investment is part of a corporate restructuring that will consolidate certain of its hoist operations to the Damascus plant. The project expects to create approximately 70 new jobs and retain 174 current positions. Virginia successfully competed against three other states for these jobs.