Nakano Warehouse & Transportation Corp., a Tokyo-based transportation and warehousing company, will invest $14 million to establish a new warehouse and distribution facility in the City of Chesapeake.
Ronald Mark Associates, Inc., a leader in custom resin and vinyl fabric formulations and technical services, will invest $13.5 million to establish a manufacturing operation in Tazewell County.
FyberX Holdings, a developer of technology to process raw agricultural biomass into refined natural fibers, will invest $17.5 million to establish its U.S. headquarters and production operation in Mecklenburg County.
The Sky’s the Limit
The annual report highlights some of VEDP’s notable accomplishments in FY22, all of which were made possible in large part by the great work and support of our local, regional, and state partners. Audited financial statements will be made available on this page once published.
Virginia is home to the top tech talent pipeline in the United States, a dynamic semiconductor research and development enterprise, and a network of premier universities producing a steady flow of graduates in areas of high relevance to microelectronics and nanotechnology subsectors. This combination creates a well-rounded ecosystem that positions the Commonwealth of Virginia at the intersection of innovation and manufacturing for the semiconductor industry.