Richmond - Three key directors have been named to join the staff of the Virginia Economic Development Partnership (VEDP), the state authority charged with marketing the Commonwealth to businesses and promoting Virginia exports. Mark R. Kilduff, Acting Executive Director of the Partnership, made the announcement today at the Virginia Economic Developers Association Spring Conference in Williamsburg.
Icicon Electronics will create 80 new jobs, bring $2.5 million investment to Buchanan County
Richmond - Governor Jim Gilmore today announced that Icicon Electronics India, Ltd. will locate a new manufacturing facility in Buchanan County. The company will manufacture multilayer ceramic chip capacitors at the new facility. Icicon will create 80 new jobs for Virginians through an initial investment of $2.5 million.
Virginia’s success in food and beverage processing is evidenced by the major global food products companies that have located here and continue to expand in the Commonwealth. Virginia’s accessibility to some of the country’s most populated metro areas makes it a prime location for companies that need to get product to market quickly.
Governor Gilmore announces new business rankings from Site Selection magazine
Richmond - Governor Jim Gilmore today announced that Site Selection, a widely-read economic development trade magazine, has ranked Virginia among the top 10 states in 1998 economic development announcements. With 462 announcements of new and expanding businesses recorded last year, Virginia was the seventh most successful state in the nation. The magazine has tallied this annual industry benchmark for more than 25 years.
German transportation company to create 100 jobs in South Hampton Roads
Richmond - Governor Jim Gilmore today announced that Innovations in Transportation, Inc. (INIT) has decided to locate its North American headquarters in the City of Chesapeake. INIT is a leading provider of computer-integrated Intelligent Transportation Systems throughout Europe and the United States. The company plans to hire 100 employees within five years and will initially invest $2 million in the facility.
DynaMarketing’s new facility will create up to 200 new jobs in Virginia
Richmond - Governor Jim Gilmore today announced that DynaMarketing will locate a new multi-million dollar facility in Spotsylvania County, creating up to 200 new jobs for the citizens of Virginia.
"I am pleased to welcome DynaMarketing to Spotsylvania County," Governor Gilmore said. "This venture will help to support Virginia’s unprecedented economic growth and create more positive job opportunities in the Commonwealth."
Japanese company will create 200 new jobs, $37 million investment
Richmond - Governor Jim Gilmore today announced that Koyo Steering Systems of USA, Inc. will locate an advanced technology facility at the Botetourt Center at Greenfield, in Botetourt County. The new facility will be the U.S. headquarters of steering systems and will be the first to manufacture electronic steering systems. The company plans to hire 200 people within the next three to five years through a $37 million initial investment.
Innotech, a division of Johnson & Johnson, to invest at least $125 million in Roanoke area
Roanoke - Governor Jim Gilmore today announced that Innotech, a division of Johnson & Johnson, plans to locate a new $125 million-plus vision products production facility in the City of Roanoke. The company will create up to 600 new jobs within three years of opening. The investment is the largest new plant investment in Roanoke Valley history.
Company’s expansion in Suffolk will create 130 jobs, save 75
Richmond - Governor Jim Gilmore today announced New Dominion Pictures’ decision to remain in Virginia and expand its operations in the City of Suffolk. New Dominion Pictures, a producer and distributor of television programs, will invest $5.5 million in the expansion, which will initially bring 75 jobs to Suffolk. An additional 130 jobs will be created within 30 months. Virginia successfully competed with North Carolina and Tennessee for the investment.
Students across Virginia obtain experience through marketing program
Richmond - Governor Jim Gilmore today announced that four Virginia companies have received the prestigious Governor’s Award for Excellence for their participation in the Virginia Economic Development Partnership’s International Market Planning (IMP) Program. Secretary of Commerce and Trade Barry E. DuVal presented the awards to the winning companies and their partnering students and professors at a luncheon today in Richmond.