RICHMOND - The Board of Directors of the Virginia Economic Development Partnership (VEDP) today announced that it has selected Charles H. Majors to serve as the board’s chairman. Majors, President and CEO of American National Bank & Trust Company in Danville, succeeds J. Thomas Fowlkes who served as board chairman for two two-year terms. Majors was appointed to the board in January 2004 by former Governor Mark R. Warner.
ROCKY MOUNT - Governor Timothy M. Kaine today announced that MW Manufacturers Inc. will invest $23 million to expand its Rocky Mount headquarters and production facility in Franklin County. The company, which produces and distributes window and door products for the residential construction industry, will create 175 new jobs. Virginia successfully competed against North Carolina and New Jersey for the project.
RICHMOND - Governor Timothy M. Kaine today announced that ABB, a leading provider of power and automation products, systems, solutions and services, will invest $3 million to expand its plant in Bland County. The facility, which produces dry and vacuum cast transformers used by industrial manufacturing plants, hospitals, universities, the military, and utilities, will create 30 new jobs. Virginia successfully competed internationally with China, South Korea, and Spain for the project.
RICHMOND - Governor Timothy M. Kaine today announced that ABB Inc., a provider of power and automation products, systems, solutions and services, will expand its plant in Halifax County. The expansion involves a $25.3 million investment and will create 127 new jobs. The facility manufactures liquid-cooled transformers for large utility, industrial and government users. Virginia successfully competed with Mexico, Colombia, China, and Missouri for the project.
RICHMOND - Governor Timothy M. Kaine today announced AVID Medical Inc. will invest $7.9 million to expand its facility in James City County, creating 303 new jobs. The company manufactures custom procedure-ready trays for the healthcare industry and will expand by doubling its existing 90,000-square-foot facility in the Stonehouse Commerce Park. Virginia successfully competed against California for the project.
RICHMOND - In just two years, eight companies that participated in the Virginia Economic Development Partnership’s (VEDP) two-year Virginia Leaders in Export Trade (VALET) program increased annual international sales by 30 percent. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy. The graduating class began the program with a combined $22,450,921 in annual international sales.
RICHMOND - Governor Timothy M. Kaine today announced that Tosoh America, Inc. will invest $4 million and create 27 jobs at a new facility in the City of Manassas. The investment relates to Tosoh’s Electronic Materials Division, a provider of high purity materials and services to the semiconductor industry. Virginia successfully competed with New York and Ohio for the project.
RICHMOND - Governor Timothy M. Kaine today announced that M.C. Dean, Inc., one of the nation’s leading systems engineering and integration firms, will break ground on a fabrication and logistics complex in Caroline County. The project has the potential to create 100 new jobs for the area, and represents an investment of $8.3 million to create 260,000-square-feet of manufacturing, logistics and office space. The facility will support M.C.
RICHMOND - Governor Timothy M. Kaine today announced that Jennmar Corporation of Virginia, Inc., a subsidiary of Frank Calandra, Inc. & Subsidiaries and a provider of quality roof and standing support products for the mining and tunneling industry, will invest $6 million to build a new facility in Tazewell County, creating 70 new jobs. Virginia successfully competed with Kentucky, Pennsylvania, and West Virginia for the project.
RICHMOND - Governor Timothy M. Kaine announced today that Virginia placed first among the 50 states in a new ranking of the "Best States for Business" by Forbes.com, the official Internet site of the Forbes family of business publications. The review, published today, included consideration of multiple objective measurements, including business cost, regulatory climate, quality of the workforce, and economic growth.