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.
MARTINSVILLE - Governor Mark R. Warner today announced the launch of the Virginia Motorsports Initiative. The statewide initiative, comprised of public and private sector partners, will promote and support motorsports activities in Virginia as a means for economic development. Governor Warner announced the initiative this morning at Martinsville Speedway.
Two-year export program provides resources to support international business expansion
HALIFAX COUNTY - Governor Mark R. Warner today announced that Sunshine Mills, Inc. will expand in Halifax County, creating 40 new jobs. Through a $2.5 million investment, the company will construct a 50,000-square-foot expansion to manufacture a national pet food biscuit treat. Virginia successfully competed with Alabama, Iowa, Oklahoma and Kansas for the project.
RICHMOND - Governor Mark R. Warner today announced that General Dynamics Land Systems, a business unit of Virginia-based General Dynamics, has selected Prince William County to be the integration and assembly site for the U.S. Marine Corps’ Expeditionary Fighting Vehicle (EFV), formerly known as the Advanced Amphibious Assault Vehicle. Through a $64.5 million investment, the project will create 170 new jobs with the potential for 340 jobs over the life of the program.