Two-year export program provides resources to support international business expansion
VIRGINIA BEACH - Governor Mark R. Warner today announced that AMERIGROUP Corporation will expand its national operations in the City of Virginia Beach, creating 858 new jobs. Through a $56 million investment, the company will construct two 106,000-square-foot buildings on property just off Indian River Road and with prime access and frontage to Interstate 64. Virginia successfully competed with Texas for the project. Governor Warner and AMERIGROUP Corporation Chairman and Chief Executive Officer Jeffery L.
RICHMOND - Governor Mark R. Warner today announced that Care Rehab and Orthopaedic Products, Inc., a supplier of physical therapy equipment, will locate in the Charlotte County industrial park shell building in Keysville. Through a $3 million investment, the company will establish an assembly and distribution facility. The project will create 50 new jobs with higher-than-average salaries for the county. Currently importing products from Europe and Asia, Care Rehab has future plans to manufacture in Charlotte County as well.
RICHMOND - Governor Mark R. Warner today announced that General Dynamics Armament and Technical Products will invest $6.5 million to expand in Smyth County. The investment will allow the company to relocate its Resin Transfer Molding (RTM) operation to its existing Marion, Virginia facility, creating 120 new jobs. Virginia successfully competed with several other states for the project.
RICHMOND - Governor Mark R. Warner today announced that James River Insurance Company, a start-up insurance firm, has selected Henrico County for its headquarters. The company has created 42 new jobs, and plans to have more than 60 employees by December 2003. James River, located at 7130 Glen Forest Drive, will begin operations immediately. The announcement is another significant win for the Commonwealth, as Virginia continues to aggressively recruit companies in the FIRE (financial, insurance, and real estate) sector.
Richmond - Governor Mark R. Warner today announced that Schrader Bridgeport International Inc., a leading supplier of automotive tire and control valves and accessories, will expand its operations in Campbell County's Town of Altavista. The company will make a $5.1 million investment and create 50 new jobs over the next 30 months.
RICHMOND - Governor Mark R. Warner today announced that Siemens VDO Automotive will invest $47.25 million to expand its Newport News facility and manufacture its next-generation fuel injectors for gasoline engines. Siemens VDO’s decision to expand in Newport News will create 107 new jobs. This expansion and job creation will occur over a 30 month period.
RICHMOND - Governor Mark R. Warner today announced that Teleflex Automotive will expand its automotive parts manufacturing facility in Russell County’s Town of Lebanon. Through a $2.9 million investment, the company will create 75 new jobs. Virginia successfully competed with Ohio, China, and Mexico for the project.
PRINCE GEORGE COUNTY - Governor Mark R. Warner today announced that Standard Motor Products, Inc. will expand its automotive parts distribution center in Prince George County. Through a $3 million investment, the company will create 175 new jobs. The expansion is a result of Standard Motor’s June 2003 acquisition of Dana Corporation’s Engine Management Division. Virginia successfully competed with Tennessee for the investment.
RICHMOND - The Virginia Economic Development Partnership today announced that seven companies have been selected to participate in the July 2003 class of the VALET (Virginia Leaders in Export Trade) Program. These companies were selected from a highly competitive pool of applicants based on their strong focus on international trade. 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.