High-tech “Fab Lab” Comes to Virginia’s Patrick Henry Community College

Monday, 22 July 2013 15:47 by Info@YesVirginia.org
Patrick Henry Community College (PHCC) began offering tours of its Fab Lab this summer. The Fab Lab is short for digital fabrication laboratory, which gives students and local businesses access to 3D design and prototyping equipment to create new products and inventions...

Patrick Henry Community College (PHCC) began offering tours of its Fab Lab this summer. The Fab Lab is short for digital fabrication laboratory, which gives students and local businesses access to 3D design and prototyping equipment to create new products and inventions.

The Fab Lab concept originated at MIT’s Center for Bits and Atoms. In November 2011, PHCC, the New College Institute and Martinsville-Henry County Economic Development Corporation sponsored a two-week visit from the Mobile Fab Lab of the Carolinas. During that time the lab received more than 300 visits from interested students and community members.

Working with the same partners, PHCC was able to obtain funding from the Virginia Community College System to purchase equipment and establish its own Fab Lab.

Located at the The Artisan Center in Martinsville, the 1600-square-foot Fab Lab houses a Roland MDX 20 mini mill, Roland CAMM-1 Servo GX-24 vinyl cutter, Stratasys uPrint SE Plus FDM 3D printer, Morgan Industries Morgan Press G-100T Injection Molder, Formech 686 Vacuum Former, Universal Laser 4.60, Routermate 4’ x 4’ CNC router and Torchmate 2’ x 4’ CNC plasma cutter.

The 10 Dell workstations in the lab offer open source software, which allows entrepreneurs and students to seamlessly continue their work at home or in other locations.

The Fab Lab has generated a lot of interest among students and business partners in the community. Lab Coordinator Matthew Wade estimates the lab has seen more than 100 visitors since its soft launch in April.

The lab will host a grand-opening event this fall to coincide with its first class, a basic manufacturing class that will teach students and entrepreneurs how to use the equipment in the lab to bring their ideas to life.

“Inventors can create designs with our software, use the vinyl cutter and CNC mill to fabricate and carve out a circuit board, and then utilize our 3D printer to produce a working model of their new product idea,” said PHCC Lab Coordinator Matthew Wade.

The PHCC Fab Lab is another example of the cutting-edge technology available at Virginia’s colleges and universities, helping prepare a strong pipeline of technically-skilled workers. According to the U.S. Chamber of Commerce’s recent Enterprising States study, Virginia is the No. 1 state in STEM job concentration and has the No. 1 share of high-tech businesses.

To learn more about Virginia’s leading higher education system and workforce preparation programs, click here.

A view of the Patrick Henry Community College Fab Lab in Martinsville, Va.

German Investment in Virginia Continues—PRUFREX Establishes First U.S. Location

Wednesday, 17 July 2013 16:23 by Info@YesVirginia.org
PRUFREX Innovative Power Products GmbH announced plans to establish its first U.S. location in Virginia Beach through a $7.33 million investment, which will create 60 new jobs. The project includes both a manufacturing facility as well as the company’s U.S. headquarters...

PRUFREX Innovative Power Products GmbH announced plans to establish its first U.S. location in Virginia Beach through a $7.33 million investment, which will create 60 new jobs. The project includes both a manufacturing facility as well as the company’s U.S. headquarters.

PRUFREX is a leading producer of digital ignition systems and electronic control systems for the small engine, marine and recreation, automotive, and electric and cordless power markets. The company’s global headquarters are in Cadolzburg, Germany.

The benefits of supply chain for economic development are apparent in this project—PRUFREX selected Virginia Beach over Georgia to be closer to two key customers, German-based BMZ Batteries and STIHL Inc.

STIHL opened its first U.S. plant in Virginia Beach in 1974, and has since grown to become the No. 1 brand of chain saws in the world. The company’s U.S. headquarters are now located in Virginia Beach, and since 1990 the company has announced investment of $335 million and 942 new jobs in the Commonwealth.

BMZ Batteries followed in April 2011, also establishing its U.S. headquarters in Virginia Beach to be close to STIHL and its other international customers. 

Germany has been in the top three for international investment and job creation in the Commonwealth over the last four years.

PRUFREX, BMZ Batteries and STIHL have all made reference to the quality of Virginia’s workforce, particularly its engineering and advanced manufacturing capabilities, as well as the Commonwealth’s strategic East location and ability to easily reach U.S. customers through its premier logistics infrastructure.

Virginia’s transportation network includes access to the international Port of Virginia, the only U.S. East Coast location able to handle post-Panamax vessels as first port of call, as well as an integrated system of six interstate highways, nine commercial airports and 14 railroads, including two Class I lines.

To learn why Virginia is home to more than 700 internationally-owned companies, click here.

Institute of Advanced Learning and Research Launches First Company—Dan River Plants

Tuesday, 16 July 2013 15:46 by Info@YesVirginia.org
The Institute of Advanced Learning and Research (IALR) recently announced its first commercial spin-off, Dan River Plants, LLC...

The Institute of Advanced Learning and Research (IALR) recently announced its first commercial spin-off, Dan River Plants, LLC.

Dan River Plants uses micropropagation technology to create, clone and grow plants at a rapid rate. The technology was developed through collaboration between IALR’s Institute for Sustainable and Renewable Resources and Virginia Tech’s College of Agriculture and Life Sciences. 

Micropropagation utilizes plant tissue cultures to grow identical plants by an order of magnitude, yielding rapid and reliable results. The company is producing both decorative plants, such as lilies, roses and azaleas, as well as biofuel crops. 

Dan River Plants plans to invest $1.3 million and create 27 new jobs to establish a facility at Ringgold East Industrial Park in Pittsylvania County, Va.

IALR was established in 2000 through partnerships among Virginia Tech, Averett University, Danville Community College, Pittsylvania County, City of Danville, Future of the Piedmont Foundation, Tobacco Indemnification Commission and the Commonwealth of Virginia.

The center uniquely operates as a research and development facility, education leader, business incubator and conference center.

We have previously blogged on some of IALR’s programs, including its STEM Mobile Learning Lab and the Virginia Polymer Coalition.

IALR has strategically positioned itself to capitalize on the expertise found in Southern Virginia. The center focuses on four main areas of research, including sustainable and renewable resources, analytical chemistry, polymers and composites, and vehicle research.

IALR is yet another example of the innovative research and collaboration with universities that supports Virginia businesses, from start-up to late stage. To learn more about opportunities to co-locate with Virginia’s leading universities at R&D centers across the Commonwealth, click here.

Digital Realty Expands Campus in Loudoun County’s Data Center Alley

Thursday, 11 July 2013 15:22 by Info@YesVirginia.org
Digital Realty just announced a $150 million expansion to its data center campus in Virginia’s Loudoun County. The project is expected to create 50 new jobs over the next three years...

Digital Realty just announced a $150 million expansion to its data center campus in Virginia’s Loudoun County. The project is expected to create 50 new jobs over the next three years.

Digital Realty is the largest data center operator in Loudoun County, with more than one million square feet of space. The company’s latest building is expected to be 400,000 square feet and house 22 data centers.

This project is a strong follow-up to the company’s announcement last May. It broke ground on its fourth building in Loudoun County, representing an $80 million investment and the anticipated creation of 12 full-time jobs and 180 temporary positions.

Often called “Data Center Alley,” Loudoun County has become one of the top data center locations in the country. It currently maintains five million square feet of existing data center space with another three million square feet in development.

Loudoun County also handles up to 70 percent of the world’s internet traffic each day.

Fueled by increased customer demand for cloud computing, mobile applications and social networking, the data center industry continues to grow at a rapid pace. For calendar year 2012, data center announced investment topped $1 billion in Virginia.

The Commonwealth remains a prime location for data centers due to its advanced fiber infrastructure, abundant power redundancy, affordable energy rates and top notch IT workforce. Virginia has the highest concentration of high-tech workers according to Cyberstates 2013.

In addition, Virginia’s Retail Sales and Use Tax Exemption on qualified computer equipment helps data center operators lower their overall cost structure.

Virginia is home to 700 data centers establishments and has seen $5.8 billion in announced data center investment over the last decade. To learn why leaders like Amazon, Capital One, Digital Realty, Facebook, Google and Microsoft have all chosen the Commonwealth, click here.

Tempur Sealy International Expands in Scott County, Virginia

Monday, 8 July 2013 15:07 by Info@YesVirginia.org
On Wednesday, Tempur Sealy International, Inc. announced plans to expand its manufacturing facility in Scott County through a $13.3 million investment. The project will create 42 new jobs and allow the company to upgrade equipment and grow its Southwest Virginia operation...

On Wednesday, Tempur Sealy International, Inc. announced plans to expand its manufacturing facility in Scott County through a $13.3 million investment. The project will create 42 new jobs and allow the company to upgrade equipment and grow its Southwest Virginia operation.

The 500,000-square-foot facility has successfully operated at Duffield Industrial Park for 12 years, producing mattresses and pillows for the company’s Tempur-Pedic brand.

Temper Sealy is the largest bedding provider in the world and changed its name in March to reflect Tempur-Pedic’s $1.3 billion acquisition of Sealy Corp., announced in the fall of 2012. The Company's portfolio of iconic brand names includes Tempur®, Tempur-Pedic®, Sealy®, Sealy Posturepedic®, Optimum™ and Stearns & Foster®.

Virginia was chosen over New Mexico for this project due to the high quality of Southwest Virginia’s manufacturing workforce, low cost of operations and strategic location, with prime access to I-77 and I-81.

As part of the Virginia’s e-Region, Southwest Virginia has a strong legacy of supporting leading manufacturing and technology companies through its focus on electronic information technology, energy, education and emerging manufacturing specialties.

To learn why manufacturing companies continue to select Virginia, investing more than $13.7 billion over the last decade, click here.

Canon Virginia Adds Toner Manufacturing Operation to Newport News Facility

Friday, 28 June 2013 14:35 by Info@YesVirginia.org
Canon Virginia Inc. recently announced plans to include toner manufacturing at its headquarters location in Newport News, Va., through a $27 million investment...

Canon Virginia Inc. recently announced plans to include toner manufacturing at its headquarters location in Newport News, Va., through a $27 million investment.

Canon Virginia has successfully operated in Newport News since 1985, serving as the manufacturing hub of Canon U.S.A., a subsidiary of Japan-based Canon Inc. The Newport News campus includes a factory service center and manufacturing operations for a variety of Canon products, including copiers, printers and cartridges.

Governor McDonnell met with Canon Inc. officials while in Tokyo as part of his recent Asia Marketing Mission.

By allocating 30,000 square feet of upgraded space to this project, Canon Virginia will improve efficiencies by manufacturing both the ink toner and cartridges all in one location.

Canon Virginia employs nearly 2,000 Virginians across the Commonwealth, and the company has invested more than $371 million in its Virginia operations in the last four years.

World-class manufacturing companies like Canon Inc. continue to invest in the Commonwealth due to its competitive operating environment, highly-skilled manufacturing workforce and premier logistics infrastructure.

To learn why manufacturing companies have invested more than $13.7 billion in Virginia over the last decade, click here.

Intelliject CEO Wins E&Y Entrepreneur of the Year 2013 Greater Washington Award

Wednesday, 26 June 2013 13:16 by Info@YesVirginia.org
Intelliject President & CEO Spencer Williamson recently won the Ernst & Young (E&Y) Entrepreneur of the Year 2013 Greater Washington award in the Health Services and Technology category...

Intelliject President & CEO Spencer Williamson recently won the Ernst & Young (E&Y) Entrepreneur of the Year 2013 Greater Washington Award in the Health Services and Technology category.

Based in Richmond, Va., Intelliject was founded in 2004 by twin brothers Eric and Evan Edwards in an effort to find a more user-friendly solution to administer epinephrine in the event of anaphylactic shock. Both brothers had suffered from severe allergies since childhood.

That solution became the Auvi-Q device, the first and only epinephrine auto-injector with voice instructions. Auvi-Q provides step-by-step voice instructions along with visual cues and a five-second countdown to help ensure the medication is delivered quickly and accurately during a potentially life-threatening situation.

After years of development, Auvi-Q is now on the fast track. The company received FDA approval for the device in August 2012 and reached a licensing agreement with Sanofi-Aventis to commercialize the product in North America.

In January 2013, Auvi-Q became available on pharmacy shelves in the U.S., and the company is well-positioned to expand internationally.

Intelliject is a shining example of Virginia’s growing life sciences industry and the innovative environment the Commonwealth offers to entrepreneurs. More than 800 life sciences companies have chosen to locate in Virginia for its access to top research institutions, biotech parks and a highly-trained workforce with the medical expertise to support the industry.

To learn why Virginia was ranked the No. 2 Emerging Biotech Hub by Business Facilities magazine, click here.

International Paper’s Franklin Mill Gains Another Tenant—Franklin Lumber

Tuesday, 25 June 2013 16:04 by Info@YesVirginia.org
Former International Paper (IP) Franklin Mill employees have come up with a clever solution to make use of the dormant sawmill at IP’s Franklin, Va., site—establish a new company and purchase the mill...

Former International Paper (IP) Franklin Mill employees have come up with a clever solution to make use of the dormant sawmill at IP’s Franklin, Va., site—establish a new company and purchase the mill.

The newly-formed company will operate under the name Franklin Lumber, and the $14.8 million investment is expected to create 72 new jobs.

The Franklin Mill facility, located in Isle of Wight County, has seen its fair share of activity over the last year. After initially closing the paper mill in 2009, International Paper returned in the summer of 2012 and repurposed part of the facility to manufacture fluff pulp.

Also in 2012, Tak Investments announced plans to invest $60 million and create 85 new jobs to establish ST Tissue, a recycled tissue plant, by repurposing a vacant portion of the Franklin Mill site.

Franklin Lumber expects to produce 60 million board feet of southern yellow pine lumber each year for retail, treating and truss manufacturers. This project will benefit Virginia’s logging supply chain as 40 percent of the company’s materials will be sourced from the Commonwealth.

Virginia was selected for this project due to the founders’ knowledge of the Franklin Mill site and familiarity with the assets of the region, which include a strong wood basket supply chain, a skilled manufacturing workforce and a premier logistics infrastructure.

This investment also represents the first Governor’s Agriculture and Forestry Industries Development (AFID) grant to a forestry project.

Franklin Lumber joins more than 6,000 manufacturing companies located in the Commonwealth and illustrates that Virginia is not only a great place for manufacturers, but a great place to start a business. Virginia recently earned an A for its small business friendliness—to learn more, click here.

VEDP’s Digital Advertising Recognized by Richmond Ad Club

Monday, 10 June 2013 13:36 by Info@YesVirginia.org
VEDP’s YesVA mobile app and in-app advertisement for The Wall Street Journal were both recognized at the 2012 Richmond Ad Club’s Richmond Show...

VEDP’s YesVA mobile app and in-app advertisement for The Wall Street Journal were both recognized at the 2012 Richmond Ad Club’s Richmond Show.

Judged by a panel of nationally-recognized advertising and design professionals, VEDP’s advertising agency of record, Elevation, won the silver and bronze awards in the interactive category for its VEDP work.

VEDP launched the YesVA mobile app for iPad, iPhone and Android devices in the fall of 2012. This interactive tool allows clients to perform property searches and compare Virginia to other states in major business categories.

The app is available for free download at http://www.yesvirginia.org/App, or through the AppleApp Store and Google Play store.

The YesVA mobile app is part of VEDP’s digital marketing campaign targeting C-level executives and site selection consultants in selected geographies across the U.S., Europe and Asia, including native language advertisements in the German and Chinese markets.

The campaign, which began in 2012 and continues into 2013, is expected to generate more than 23 million impressions on the websites of leading business and site selection publications. The Wall Street Journal, Forbes, Bloomberg BusinessWeek, Site Selection, Area Development, Financial Times Asia and Financial Times Germany were among the selected media outlets. The campaign also incorporated pay-per-click search engine marketing via Google AdWords.

By helping companies make the most informed decision on business locations, the YesVA mobile app is yet another example of an innovative tool developed by VEDP to market Virginia as a top state for business.

To learn why Virginia’s unique combination of resources has encouraged businesses to prosper here for more than 400 years, click here.

A view of the Virginia ad from The Wall Street Journal app.

HP Hood—Largest Investment in 30 Years by Expanding Company in Frederick County

Thursday, 6 June 2013 16:05 by Info@YesVirginia.org
HP Hood recently announced plans to expand its facility in Frederick County through an $84.6 million investment that will create 75 new jobs...

HP Hood recently announced plans to expand its facility in Frederick County through an $84.6 million investment that will create 75 new jobs.

This project represents the biggest investment in 30 years by an expanding company in Frederick County. It will allow the company to increase its ultra-high-temperature production capacity. This method of pasteurizing milk products allows a longer shelf life, and the Frederick County plant is the largest facility of its type in the U.S.

HP Hood is one of the primary dairy producers in the country, with nearly $2 billion in sales and 15 plants across the U.S. The company’s well-known brands include Hood, Crowley, Simply Smart Milk, Heluva Good!, LACTAID®, BAILEYS® Coffee Creamers, HERSHEY’S® Milk and Milkshakes, and Blue Diamond Almond Breeze® almond milk.

The company has successfully operated the Frederick County plant since 2001, growing to 500 employees with the help of this expansion.

Virginia’s food and beverage industry is expanding at a rapid pace. So far in 2013, Virginia food and beverage companies have announced 12 projects, creating more than 900 jobs and bringing almost $500 million of investment into the Commonwealth.

Food and beverage companies love Virginia because the Commonwealth provides a strategic East Coast location, premier transportation network, highly-productive advanced manufacturing workforce, favorably priced utility rates and a corporate tax rate of six percent that remains unchanged since 1972.

To learn why leading food and beverage companies like Hershey Foods, McKee Foods, Nestlé Prepared Foods, Kraft Foods and Green Mountain Coffee Roasters have all established operations in Virginia, click here.

Virginia Wins 2013 Silver Shovel Award from Area Development Magazine

Thursday, 30 May 2013 15:36 by Info@YesVirginia.org
For the second year in a row, Virginia was honored with a Silver Shovel Award from Area Development magazine in the 5-10 million population category...

For the second year in a row, Virginia was honored with a Silver Shovel Award from Area Development magazine in the 5-10 million population category.

The award recognizes Virginia for its economic development achievements in creating new jobs and attracting new businesses and investment into the Commonwealth. Virginia previously won in 2006, 2009 and 2012.

Area Development, one of the leading site selection publications, has run this awards program for eight years. Each state submits 10 projects that broke ground in 2012, and the magazine uses weighted scores based on added jobs per capita, amount of investment, number of new facilities and industry diversity to select the winners.

The 10 outstanding projects that helped make Virginia a winner are as follows:

Green Mountain Coffee Roasters – Isle of Wight County
Health Diagnostic Laboratory – City of Richmond
Bechtel Corporation – Fairfax County
Metron Aviation – Loudoun County
Web Parts, LLC – City of Danville
McKesson Corp. – Frederick County
Ply Gem Windows – Franklin County
The Vitamin Shoppe – Hanover County
Phoenix Packaging Operations, LLC – Pulaski County
BAE Systems – Montgomery County

According to the magazine, “If there’s one word to describe Virginia, it could be ‘diverse.’ From an economic point of view, that’s a great thing. There’s growth to be found in many corners of the economy, and that bodes well for prosperity as well as for making it onto the Silver Shovels list.”

Virginia continues to garner accolades as a top state for businesses from leading institutions, including Forbes.com, CNBC, Pollina Corporate Real Estate and Site Selection magazine.

To learn how Virginia’s unique combination of assets has helped businesses succeed in the Commonwealth for more than 400 years, click here.

 

Search


Blog Homepage

Return to blog homepage


About VEDP

Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

Archive

None

© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Celebration Leads to Jobs in Martinsville

Friday, 14 August 2009 15:43 by Info@YesVirginia.org

The Martinsville-Henry County community has reason to celebrate. Monogram Food Solutions, LLC, a meat manufacturer out of Memphis, announced it will purchase the meat snack business of American Foods Group, LLC (also known as Knauss Foods), including the Martinsville production facility. The company plans to invest $3 million to expand production capacity at the Patriot Centre Industrial Park facility. The company has committed to investing every dollar it can in the local economy. More importantly, Monogram Food Solutions has agreed to keep all of the current employees and add 120 new jobs. www.YesVirginia.org

This announcement is like a breath of fresh air for a region that has been wrestling with a double-digit unemployment rate that’s more than twice the national average. Monogram Food Solutions’ average annual salary of about $28,000 is right in line with the region’s prevailing average wage, and 120 new jobs will provide a welcome opportunity for some of the 800+ folks who have been laid off since January 2008. About 50 people have already been hired. Another 70 should be employed by the end of the year.

The job requirements? “Energetic, passionate people who are not afraid of hard work,” was what the company was looking for, according to Ches Jackson, President of Monogram Meat Snacks. They shouldn’t be too hard to find in Martinsville.

 

Virginia Helps Companies Make Headlines

Monday, 10 August 2009 09:51 by Info@YesVirginia.org

LiteSteel Technologies America, Canon, Optical Cable Corporation, Northrop Grumman Shipbuilding and GE Energy were recently showcased in IndustryWeek as the definition of advanced manufacturing.

LiteSteel was touted for its globality and Canon for its sustainability. Northrop Grumman Shipbuilding was highlighted for its successful supply chain network and Optical Cable Corporation for customization. GE Energy received high marks for leading-edge technology.

Had they paid for that horn-tooting ink in the form of an advertisement it a) would not have had the credibility of a third-party validator such as IndustryWeek behind it and b) would have cost upward of $10,000. Instead, these companies in June gave an hour of their time, some refreshments and a few chotchkies bearing their brand. In return, they received positive coverage in one of the most powerful business-to-business media venues out there thanks to their participation in the Virginia Advanced Manufacturing Media Tour, hosted by VEDP. 

VEDP coordinates two media tours annually to bring awareness to industries that are experiencing success across Virginia.  While the chief objective of the tour is to promote Virginia as an ideal business location, we also manage to snag a positive headline here and there for participating companies.

Media tours are just one of many ways VEDP works to nurture Virginia’s relationship with its corporate community. A company’s partnership with the Commonwealth doesn’t end when the shovel pierces the Earth. It’s only just beginning. To learn more about partnering with Virginia, visit www.YesVirginia.org.

The Power of the Future Belongs to Virginia

Monday, 6 July 2009 13:22 by Info@YesVirginia.org

Check out Virginia Business Magazine’s latest issue for a comprehensive article about Virginia’s nuclear industry.

It makes for a good read. The article underscores Virginia’s efforts to maintain a strong base of power generation from various traditional sources, while a variety of renewable resources and their associated technologies take on a larger share of the power-generation picture.

There’s no doubt the Commonwealth views nuclear as a key pillar of our unique generation and power reliability story. The power of the future belongs to Virginia. Home to three of the top global players in the energy sector (AREVA NP, Babcock & Wilcox and Northrop Grumman Shipbuilding) and a plethora of national players, Virginia’s cluster of technology, workforce and corporate businesses positions the Commonwealth as a leader in clean energy and advanced manufacturing of components for the energy sector. The vertical integration of Virginia’s assets—from workforce to real estate to research & development, to regulatory climate and proximity to market—means that energy-related companies can grow in a business climate that is prepared to sustain their competitiveness for the long term.

The article highlights the groundbreaking of the new AREVA Newport News project, a joint venture with Northrop Grumman Shipbuilding to manufacture equipment and pressure vessels for the nuclear industry. Governor Kaine will join AREVA and Northrop Grumman officials later this month for the groundbreaking ceremony in Newport News. Also discussed are several industry firsts that are happening right here in the Commonwealth: Babcock & Wilcox’s plans to develop a scalable, modular game-changing nuclear reactor, Dominion Virginia Power’s plans to build one of the first new nuclear reactors in the U.S. in three decades, and Virginia Commonwealth University is the first state university to add a nuclear engineering track to its masters engineering degree program.

The Commonwealth’s energy sector already employs more than 31,000 people, and Virginia ranks second in the number of nuclear engineers. We see both of those figures growing by leaps and bounds in the coming years, thanks to programs such as PRODUCED in Virginia (Providing Undergraduate Connections to Engineering Education in Virginia) and important strategic investments like that of the Virginia Tobacco Commission toward R&D facilities and research contracts, mainly around energy.

With help from a state interagency energy task force, VEDP is actively seeking project opportunities across the full spectrum of traditional and alternative energy resources. For more information about operating your energy facility in Virginia, visit us at www.YesVirginia.org or contact Mike Carruth at mcarruth@yesvirginia.org.

We’re Pro-Business and We’re Proud

Thursday, 25 June 2009 21:22 by Info@YesVirginia.org

Well, it looks like Virginia has done it again. Despite a troubled national economy, the Commonwealth is the top pro-business state for 2009, according to Pollina Corporate Real Estate, a top U.S. corporate site location expert. While Pollina doesn’t have the brand recognition that Forbes does, the organization’s seal of approval carries substantial weight in economic development and site selection circles.

This leading label marks Virginia’s third No. 1 ranking by Pollina. The Commonwealth held the top spot in 2003 and 2007. We ranked second in the Pollina study from 2004 to 2006 and dropped to third place last year. The current recession brings even more importance to Virginia’s climb from third last year to first place.

It means we must be doing something right. The annual study evaluated all 50 states based on 33 factors, including taxes, human resources, right-to-work legislation, energy costs, infrastructure spending, workers compensation laws, economic incentives programs, and state economic development efforts.

Virginia did well in the Labor, Taxes, and Other Factors categories, where we placed fourth overall. Our lead can also be attributed to strengths in college completion, low unemployment, right-to-work status, workers compensation rates, low corporate taxes, low sales and gross receipts taxes, our corporate litigation environment, and low crime rates.

"Virginia maintained its rank for Incentives and Economic Development Agency Factors by having one of the finest economic development departments in the nation, and providing flexible incentives for business creation. A close examination of Virginia’s programs reveals a very well-balanced understanding of economic development," said Brent Pollina, Vice President of Pollina Corporate and author of the study. "The programs include: low-interest loans, infrastructure improvement grants, corporate tax credits, enterprise zone tax credits, customized industrial training and property tax abatements. The Governor’s Opportunity Fund is one example of a program that clearly sets Virginia apart from other states. Virginia’s strength is its ability to front-load some of its key business incentives. This provides companies with capital when they most need it – the first 36 months of a project."

There you have it. We couldn’t have said it better ourselves.

Pounding International Pavement

Wednesday, 17 June 2009 16:13 by Info@YesVirginia.org

VEDP gets a lot of inquiries—and criticism—regarding Governor Kaine’s participation on overseas marketing missions.

The comments often leave us scratching our heads. During these tough economic times, what is more important than working to bring jobs and investment to the Commonwealth? It’s more important now than ever to be out pounding the pavement in the name of promotion.

International pavement is especially important given that in 2008, international companies were responsible for more than 6,000 new jobs and $1.5 billion of investment in Virginia. The capital investments made by international companies in 2008 increased by more than 84 percent over 2007 and represented the fourth straight year of increased international investment. 

VEDP would really like to see that trend continue. Therefore, we plan and budget for overseas marketing missions, an aggressive and pro-active approach to project recruitment and export development that exposes the maximum number of foreign business leaders in a minimum amount of time to the advantages of doing business in Virginia. These trips also enable foreign corporate officials to meet the Commonwealth’s leadership, and provide Virginia’s leadership the opportunity to strengthen their understanding of current financial and business environments overseas. 

The Governor’s participation is especially important because he can open doors that VEDP is unable to open on its own. With the Governor at the lead, we meet with CEOs. Without him, we usually end up with someone with very little decision-making power.  

These trips are nothing new—Virginia governors have participated on overseas marketing missions for many years.  A personal meeting by the Governor with corporate executives demonstrates the high priority that is placed on Virginia’s business community, an important message to relay in a highly competitive market.

We’re thankful we have a Governor who embraces globalism and doesn’t get hung up on the misperception that it means American jobs going overseas. International companies like Volkswagen, AREVA, Canon and Swedwood, all of which have recently brought quality jobs and significant investments to the Commonwealth—are proof of that. They like us, too.

To learn more about the benefits your international company can enjoy in Virginia, visit YesVirginia.org or call us at (804) 545-5600.

Tags:   , ,
Categories:  
Actions:   E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Green is in High Gear in Virginia

Friday, 12 June 2009 13:55 by Info@YesVirginia.org

 Green is the nation’s new favorite color. It’s on product packaging, splashed across the side of buses, dangling from company tag lines. Now it’s being attached to job categories. Add to white-collar and blue-collar the new “green-collar” job.

As we all know, “green” refers to more than just a color these days. It’s all about the environment, energy efficiency and conservation, and eco-friendliness.

Governor Tim Kaine pointed Virginia in the direction of all things green in September 2007 when he released the Virginia Energy Plan. The plan challenges the Commonwealth to a 40 percent reduction of the rate of energy growth by 2017, and a 30 percent reduction of greenhouse gas emissions by 2025, bringing emissions back to 2000 levels.

In December 2008, Governor Kaine launched the Renew Virginia Initiative with the goal of making Virginia a leader in environmental protection and energy conservation and efficiency. The initiative includes legislative proposals to reduce Virginia’s dependency on foreign oil, improve the environment and create “green” jobs.

That’s where we come in. Before the Initiative was launched, Governor Kaine hosted an energy roundtable discussion to hear from executives representing a wide range of alternative energy generation, energy conservation, and research and development companies. They discussed best practices for corporate and university research and development collaboration, incentives, skill sets needed to attract energy project investment, and factors influencing site location of energy production facilities.

With insider information in hand, VEDP is better equipped to assist energy companies in finding solutions to meet their business needs. We understand the importance of having policy support and we have new knowledge about the factors that influence energy-related companies’ location decisions. We get the need for a supportive business climate, and we can deliver.

We’re now working with an interagency task force, made up of relevant state agencies, university partners and federal labs in Virginia to build a compelling case for energy-related businesses’ location to Virginia.

To learn more about what Virginia can offer your energy company, check out our Web site at YesVirginia.org or call us at (804) 545-5600.

Tags:   ,
Categories:  
Actions:   E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

IT Just Got a Little Cheaper to Operate in Virginia

Thursday, 4 June 2009 09:29 by Info@YesVirginia.org
Virginia offers a great advantage for Information Technology and the growing cluster of data centers already located throughout the Commonwealth.

Information technology companies that may have glanced at Virginia in the past may want to take a harder look. Virginia now offers a great advantage for IT and the growing cluster of data centers already located throughout the Commonwealth. The Virginia General Assembly recently unanimously passed a bill that enables companies to receive an exemption from the Virginia Retail Sales and Use Tax for computer equipment purchased or leased for use in a data center.

There are a few stipulations, of course. The equipment must be purchased or leased between July 1, 2010 and June 30, 2020. The data center must be located in a Virginia locality and generate at least $150 million in capital investment after July 1, 2009. Last but not least, at least 50 new jobs must be created that pay one and one half times the prevailing average wage in the locality.

This legislation has already proven to be a valuable tool in recruiting and retaining existing data centers. VEDP issued a press release announcing Virginia’s new advantage to industry pubs that generated immediate inquiries.

Moments after the release was sent, Data Center Knowledge headlined the news on its Web site: http://www.datacenterknowledge.com/archives/2009/05/13/virginia-passes-data-center-tax-incentives/. And the phone lines in VEDP’s Business Development Division received multiple calls from companies that read the release. IT and data centers are definitely a strong growth sector of Virginia’s economy. We look forward to continuing to look for ways that assist with financial efficiencies and operational savings for these businesses. 

For more information about how VEDP can assist your company, visit us at YesVirginia.org or call (804) 545-5600.

VEDP is Entering the Blogosphere

Tuesday, 19 May 2009 15:40 by Info@YesVirginia.org

We’re not sure we belong here, but we’re giving it a shot. We’d like to think VEDP is among cutting-edge state economic development organizations. After all, Virginia has been ranked the “Best State for Business” for three years in a row by Forbes.com. That didn’t just happen.

In times of economic crisis, Virginia needs to be creative with how it delivers its message. We’re often credited for our creativity when it comes to helping companies find solutions to meet their needs. Now it’s time to help ourselves.

Like others, our marketing budget has been slashed and our economic development activity has slowed. But in comparison to other states across the nation, Virginia is holding its own. In fact, the number of announcements, the sector and geographic diversity, and the encouraging ratio of new to expanding economic development projects suggest that Virginia remains a sought-after destination for new business investment.

We intend to keep it that way. If one (free) method of marketing Virginia means venturing out into the unknown world of cyberspace—we’re willing to give it a shot. It remains to be seen if it will help; it certainly can’t hurt.

Categories:  
Actions:   E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Search


Blog Homepage

Return to blog homepage


About VEDP

Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

Archive

None

© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Engility Corp. Establishes Global Headquarters in Virginia

Friday, 27 April 2012 15:30 by Info@YesVirginia.org
L-3 Communications spin-off Engility Corp. announced yesterday that it would establish its new corporate headquarters in Fairfax County, Va. The project, a positive result of the Governor’s recent marketing mission to New York and Canada, will bring 50 new jobs and a $6.5 million investment to Northern Virginia...

L-3 Communications spin-off Engility Corp. announced yesterday that it would establish its new corporate headquarters in Fairfax County, Va. The project, a positive result of the Governor’s recent marketing mission to New York and Canada, will bring 50 new jobs and a $6.5 million investment to Northern Virginia.

With more than $2 billion in sales and 9,200 employees worldwide, Engility Corp. is a leading professional services firm providing systems engineering and technical assistance support services to numerous government agencies, including the Department of Defense. Virginia’s proximity to the company’s key markets and customers was a deciding factor for this headquarters location.

L-3 Communications’ existing presence in the Commonwealth and positive experience with Virginia’s highly-skilled workforce and pro-business tax structure led Engility to choose Virginia over its competition in Maryland.

As part of the professional services industry, Engility’s new headquarters location builds upon the success Virginia has shown in the sector. Professional services was the Commonwealth’s top sector for job creation in 2011, announcing 12,769 new jobs. With human capital as the major input, the sector’s 108 percent growth over the last year illustrates the driving force of Virginia’s world-class workforce.

To learn more why companies continue to select the Commonwealth for their headquarters locations, click here.

Bristol, Virginia’s NextGen Broadband Network Recognized in National Study

Wednesday, 25 April 2012 16:10 by Info@YesVirginia.org
New industry study Broadband at the Speed of Light details how three communities, including Bristol, Va., took matters into their own hands to develop some of the top broadband networks in the country...

New industry study Broadband at the Speed of Light details how three communities, including Bristol, Va., took matters into their own hands to develop some of the top broadband networks in the country.

Published by the Institute for Local Self-Reliance (ILSR) and the Benton Foundation, the study details a growing trend — rather than relying on the slower pace of private sector telecommunications expansion, community leaders are successfully designing and implementing their own public broadband networks.

Bristol is touted as one of the first municipalities in the nation to build a citywide Fiber-To-The-Home (FTTH) network that offers telephone, cable television and Internet broadband access. The local power utility, Bristol Virginia Utilities, launched its fiber optic network in 2003 under the name OptiNet.

Study author Christopher Mitchell noted that Bristol’s residents have “faster and lower cost access to the Internet than anyone in San Francisco, Seattle or any other major city.”

With a take rate above 70 percent, OptiNet has since expanded outside of Bristol to nearby businesses and industrial parks, helping to create hundreds of jobs for Virginians. Named the 2009 Community Broadband Fiber Network of the Year by the National Association of Telecommunications Officers and Advisers, the network has also been praised in The Economist and in the FCC’s National Broadband Plan for America.

OptiNet is not the only technology investment Southern Virginia has seen. Several years ago the Mid-Atlantic Broadband Cooperative established an 800 mile open-access, fiber-optic broadband network, attracting Gigaparks and technology companies to the former tobacco region.

High-speed broadband infrastructure has become an increasingly important component to business expansion decisions, allowing Virginia to remain competitive on a global level. The expansions of companies such as Microsoft, Northrop Grumman, CGI and Alpha Natural Resources in the region are due in part to the availability of a high-speed network.

To learn more about Virginia’s strength as a technology leader and why companies continue to locate in the Top State for Business, click here.

Healthcare Leader McKesson Corp. Expands Footprint in the Commonwealth

Friday, 20 April 2012 16:40 by Info@YesVirginia.org

Earlier this week, Lieutenant Governor Bill Bolling joined McKesson officials to celebrate the grand opening of the company’s new medical distribution center in Caroline County. Initially announced in August 2010, the new, state-of-the-art distribution center will allow McKesson to better serve its domestic and international customers, bringing 150 new jobs and a $50 million investment to Virginia.

Ranked 15th on the Fortune 500, McKesson is the largest pharmaceutical wholesaler in North America, distributing one-third of all medicines used each day. McKesson’s selection of Virginia over Maryland and Pennsylvania confirms the Commonwealth’s strong advantages for companies vested in global logistics.

The new distribution center will enhance McKesson’s total supply chain efficiency as well as extend the company’s footprint in Virginia. Building off the McKesson Medical Surgical corporate office in Richmond, this new distribution center will bring the company’s employee base in Virginia to more than 600.

Virginia offers several advantages for distribution centers, including easy rail access, six major highways, one of the largest container ports on the East Coast, and the third largest state-maintained transportation network in the country.

To learn more about why the nation’s leading distributors are locating in Virginia, click here.

American Legislative Exchange Council Gives Virginia a Top 3 Ranking For Economic Outlook

Friday, 13 April 2012 13:23 by Info@YesVirginia.org
In its fifth edition of Rich States, Poor States the American Legislative Exchange Council rated Virginia in the top three for its 2012 Economic Outlook Ranking...

In its fifth edition of Rich States, Poor States the American Legislative Exchange Council rated Virginia in the top three for its 2012 Economic Outlook Ranking. This forward-looking ranking comprises 15 equally weighted state policy variables, including personal and corporate tax rates, as well as worker’s compensation costs, right-to-work status and even the quality of the state legislature.

As the highest ranked state in the region, Virginia definitively outshined its competition. With a corporate tax rate of six percent that remains unchanged since 1972, a right-to-work regulatory environment, and an unemployment tax burden that is 32 percent lower than the national average, it is easy to see why this is the second consecutive year the Commonwealth has made the top three in this study.

Virginia’s pro-growth economic policies offer companies long-term incentives to invest in the Commonwealth. For example, Virginia was able to successfully compete against nearby Maryland on a number of recent headquarters relocation announcements, including Northrop Grumman, ITT Exelis, Bechtel Corp. (divisional headquarters), Acentia and Alpha Natural Resources.

To learn why Virginia is consistently ranked America’s Top State for Business click here.

31 Virginia Professors Make The Princeton Review’s Best 300 Professors List

Thursday, 5 April 2012 14:40 by Info@YesVirginia.org
Virginia professors represented more than 10% of The Princeton’s Reviews inaugural Best 300 Professors list. Teaming up with RateMyProfessors.com, the organizations reviewed data on more than 42,000 professors to create their first ranking of America’s top undergraduate professors...

Virginia professors represented more than 10% of The Princeton Review's inaugural Best 300 Professors list. Teaming up with RateMyProfessors.com, the organizations reviewed data on more than 42,000 professors to create their first ranking of America’s top undergraduate professors.

The Best 300 Professors list includes professors from five Virginia schools:  University of Mary Washington, James Madison University, Sweet Briar College, University of Richmond and the College of William & Mary. A broad range of departments was represented, including computer science, mathematics, economics, chemistry, biology, accounting, political science, english and psychology, among others.

The ranking was based on survey data from college students, using both quantitative and qualitative statistics to evaluate factors such as the student’s overall experience in the classroom, the professor’s teaching ability and the professor’s accessibility.

Virginia’s strong performance on The Best 300 Professors list is yet another validation of the Commonwealth’s excellent higher education system. Virginia’s colleges and universities have achieved national recognition on a number of the prestigious U.S. News and World Report college rankings.

Last year, Virginia’s colleges and universities awarded 133,603 degrees ranging from associate through doctorate levels. With more than 500,000 students currently enrolled in more than 100 in-state institutions, Virginia’s strong pipeline of skilled workers is ready to meet the needs of businesses expanding across the Commonwealth. 

To learn more about Virginia’s outstanding education system and workforce training programs, click here.

Richmond, Virginia Receives a Top 3 Ranking on Gallup’s Job Creation Index

Tuesday, 3 April 2012 13:26 by Info@YesVirginia.org
Richmond, Va., was recently ranked No. 3 on Gallup’s Job Creation Index. Comparing the 50 largest metro areas across the U.S., the index looks at net job creation — contrasting percentage of companies hiring against companies letting employees go...

Richmond, Va., was recently ranked No. 3 on Gallup’s Job Creation Index. Comparing the 50 largest metro areas across the U.S., the index looks at net job creation — contrasting percentage of companies hiring against companies letting employees go.

What makes this ranking unique is that it reflects the perception of the local workforce regarding job creation in their city. Gallup performed a survey over calendar year 2011, interviewing employees in each metro area about whether their employers were expanding or downsizing.

Thirty-six percent of Richmond’s workforce stated that their employer was expanding while only 14 percent said their company was decreasing its workforce, yielding a net job creation index score of 22.

Richmond’s No. 3 ranking illustrates the positive job creation momentum in Virginia, and the workforce survey correlates with actual results. Governor McDonnell recently announced that January’s seasonally adjusted unemployment in Virginia fell to 5.8 percent, a three-year low.

Coming shortly after Virginia was named the 2012 Best State to Make a Living by MoneyRates.com, Gallup’s Job Creation ranking illustrates the high quality of life and career opportunities employees find in Virginia, as well as why the Commonwealth is able to attract a world-class workforce. New and established companies alike continually praise the skill and productivity of Virginia’s workforce.

To learn more about Virginia’s stellar employee base and why the Commonwealth is continually ranked America’s Top State for Business, click here.

4G Wireless Comes to Southwestern Virginia

Monday, 26 March 2012 17:06 by Info@YesVirginia.org
Businesses and residents in Southwestern Virginia will soon enjoy faster, more consistent wireless network access. Over the next three years, The Virginia Coalfield Coalition will partner with Verizon Wireless to install the network that will reach 95,000 households and 2,600 businesses in seven counties.

Businesses and residents in Southwestern Virginia will soon enjoy faster, more consistent wireless network access. Over the next three years, The Virginia Coalfield Coalition will partner with Verizon Wireless to install the network that will reach 95,000 households and 2,600 businesses in seven counties.

The Virginia Tobacco Commission committed $7.5 million in grants to implement the Fourth Generation Long Term Evolution (4G LTE) wireless network. The 4G LTE network is the most advanced technology currently available and is up to 10 times faster than 3G service, according to Verizon. The project will be completed in three phases, upgrading many existing towers and building at least 11 new towers in 2013-2014. Officials expect the first towers to be operational as soon as October 2012. 

This investment will improve cellular phone service and also bring high-speed internet access to new areas, making Southwestern Virginia an even more appealing location for all businesses, particularly the high-tech industry. Global leaders such as Northrop Grumman, CGI and AT&T have all chosen to locate operations in the region. Southwestern Virginia also offers tech businesses access to high-speed broadband networks, a skilled workforce with tech-tailored training programs and low operational costs.

These easily accessible resources mirror a statewide trend, making Virginia an even more attractive place to do business. With the highest concentration of high-tech workers according to Cyberstates 2011, the Commonwealth has the workforce to support its expanding tech industry.

To learn why leading technology companies have invested more than $9 billion over the last ten years to grow their operations in Virginia, click here.

MWV Launches Center for Packaging Innovation Pilot Plant

Tuesday, 20 March 2012 12:57 by Info@YesVirginia.org
MeadWestvaco Corporation (MWV) recently opened its state-of-the-art pilot plant in Henrico County, Va., last week. The plant is part of MWV’s Center for Packaging Innovation, which the company moved to its corporate headquarters in Richmond, Va., from Raleigh, N.C. in 2010...

MeadWestvaco Corporation (MWV) recently opened its state-of-the-art pilot plant in Henrico County, Va., last week. The plant is part of MWV’s Center for Packaging Innovation, which the company moved to its corpora YesVirginia Business Blog | All posts tagged 'site selection'

First Deep Space Mission Launches from Virginia’s Wallops Flight Facility

Monday, 9 September 2013 17:03 by Info@YesVirginia.org
At approximately 11:27 p.m. on Friday, September 6, NASA, Orbital Sciences and the Virginia Space Flight Authority launched the LADEE (Lunar Atmosphere and Dust Environment Explorer) Mission from Virginia’s Mid-Atlantic Regional Spaceport (MARS) Pad OB at NASA’s Wallops Flight Facility on Virginia’s Eastern Shore...

At approximately 11:27 p.m. on Friday, September 6, NASA, Orbital Sciences and the Virginia Space Flight Authority launched the LADEE (Lunar Atmosphere and Dust Environment Explorer) Mission from Virginia’s Mid-Atlantic Regional Spaceport (MARS) Pad OB at NASA’s Wallops Flight Facility on Virginia’s Eastern Shore.

The LADEE Mission accomplishes a number of firsts—it is the first deep space mission to launch from the Wallops Flight Facility, as well as the first payload to launch on the U.S. Air Force’s Minotaur V rocket. The Minotaur V launch vehicle was built by Virginia company Orbital Sciences. 

The LADEE spacecraft was constructed using Modular Common Spacecraft Bus Architecture, representing a departure from custom design towards assembly production and multi-use design in order to reduce costs.

Upon completing three phasing orbits around the earth, the LADEE spacecraft will enter the moon’s orbit through a three-minute Lunar Orbit Insertion maneuver that involves firing the spacecraft’s onboard propellant for approximately three minutes.

After being captured by the moon’s gravitational field, LADEE will orbit around the moon for a 100-day science phase to collect data and study the lunar atmosphere. The moon’s atmosphere is classified as a surface boundary exosphere, a thin layer that is theorized to be the most common type of atmosphere in the universe.

Scientists hope to determine the density, composition and variability of the moon’s atmosphere, as well as learn more about the lunar dust environment. Knowledge gained through this mission can be extrapolated to the atmosphere of other planets, including Earth.

With another Antares mission expected to launch in mid-September from the MARS facility, Virginia remains at the forefront of U.S. space exploration. MARS is one of only four commercial sites authorized by the FAA for orbital space launches, and offers an ideal trajectory for earth orbit insertion.

To learn more about Virginia’s burgeoning aerospace industry, click here.

The LADEE Mission launches from Virginia’s Mid-Atlantic Regional Spaceport at NASA’s Wallops Flight Facility on September 6. Photo courtesy of NASA/Carla Cioffi.

Service Center Metals Celebrates 10-year Anniversary and Expansion

Thursday, 5 September 2013 12:46 by Info@YesVirginia.org
Service Center Metals recently celebrated 10 years of doing business in Prince George County, Va. The ceremony, attended by Lieutenant Governor Bill Bolling, included a ground-breaking celebration for a second plant at the SouthPoint Business Park location...

Service Center Metals recently celebrated 10 years of doing business in Prince George County, Va. The ceremony, attended by Lieutenant Governor Bill Bolling, included a ground-breaking celebration for a second plant at the SouthPoint Business Park location.

Service Center Metals was founded in 2002 by three former Reynolds Metals executives to produce aluminum extruded products. As its name implies, Service Center Metals has chosen to focus exclusively on a unique niche—service center customers. 

After weathering the ups and downs of the last 10 years, the company now boasts more than 120 employees and $145 million in revenue. Since its opening, Service Center Metals has produced more than 635 million pounds of extrusions.

The company’s expansion includes a compact remelt plant that will be located adjacent to its extrusion plant. Currently, Service Center Metals must ship its aluminum scrap to and from a third-party provider to be remelted. Bringing this process in-house will allow the company to better recycle its scrap materials, as well as serve its customers more quickly and in an environmentally-friendly way.

As a home-grown manufacturing company, Service Center Metals is a strong example of the success entrepreneurs experience when they start a business in the Commonwealth. To learn more about Virginia’s innovative business environment, click here.

Lieutenant Governor Bill Bolling (left center) joins company and local officials at the Service Center Metals ground-breaking ceremony in Prince George County, Va.

2013 ALEC-Laffer State Economic Competitiveness Index Ranks Virginia No. 5 in Economic Outlook

Wednesday, 21 August 2013 16:23 by Info@YesVirginia.org
In its sixth edition of Rich States, Poor States, the American Legislative Exchange Council (ALEC) recognized Virginia at No. 5 in its 2013 Economic Outlook ranking...

In its sixth edition of Rich States, Poor States, the American Legislative Exchange Council (ALEC) recognized Virginia at No. 5 in its 2013 Economic Outlook ranking.

The Economic Outlook category measures how a state is expected to perform in the future based on 15 policy areas controlled at the state level. The study points out the direct correlation between policy decisions and a state’s level of economic competitiveness.

Virginia has historically performed strongly in the Economic Outlook category—in five out of the last six years the Commonwealth has scored in the top five.

Virginia was the only state in the mid-Atlantic to break the top 10.

Rich State, Poor States highlights some of Virginia’s pro-growth policies that enabled it to achieve a top ranking. The Commonwealth’s pro-growth tax policies, fairness of its legal system, low workers’ compensation costs and right-to-work status were among the reasons Virginia’s economic outlook remains strong.

In addition, Virginia offers companies a corporate tax rate of six percent that remains unchanged since 1972, electricity costs below the national average, and the second lowest unemployment insurance tax rate in the nation.

Virginia has been providing companies with the right location and resources to succeed for more than 400 years. To learn why the Commonwealth continues to receive top accolades, click here.

VEDP Launches ‘Going Global’ Initiative for Defense Companies

Tuesday, 13 August 2013 14:45 by Info@YesVirginia.org
Today, VEDP announced the launch of its ‘Going Global’ initiative as part of its strategy to help Virginia defense companies mitigate the effects of sequestration...

Today, VEDP announced the launch of its ‘Going Global’ initiative as part of its strategy to help Virginia defense companies mitigate the effects of sequestration.

Sequestration is the name for the automatic federal spending cuts that began on March 1 as part of the Budget Control Act of 2011, enacted by Congress to resolve the U.S. debt-ceiling crisis.

The impact of Sequestration has been less severe than expected—Department of Defense contracts decreased from $56.9 billion in FY2011 to $51.5 billion in FY2012. However, the Commonwealth is the top state for DoD contracts, raising concerns that lost contracts could results in lower revenues for Virginia companies unless they can find new customers.

As part of its sequestration mitigation strategy, VEDP is working with Virginia defense companies to help them find those new customers overseas. The receipt of nearly $2 million in federal and state funds will allow VEDP to augment some of its most successful programs already underway within the International Trade division. 

For example, defense companies will be able to utilize VEDP’s Global Network team of in-country consultants from more than 55 countries. Market research services include compiling background information, identifying potential distributors, conducting due diligence, arranging matchmaking appointments with potential partners and customers, assessing competition, and helping companies understand the regulatory environment.
 
VEDP will be able to assist companies with export compliance. Virginia companies participating in this program will receive an export compliance analysis, including guidance on completing a Commodities Jurisdiction Analysis and submitting the required paperwork to the Department of State in compliance with International Traffic in Arms Regulations.

The grant will also allow companies to enhance their marketing and digital presence to target foreign markets through website translation and search engine optimization.

VEDP recently released an export guide for defense companies titled Export Opportunities for Virginia’s Defense Industry. The guide outlines regulations, processes and strategies specific to the defense industry, and contains marketing and sales best practices for both new and experienced exporters. 

VEDP’s International Trade division offers a wide variety of programs to help Virginia companies succeed in the global marketplace. To learn more, click here.

Virginia Receives Numerous Top Rankings from Business Facilities Magazine

Friday, 9 August 2013 10:35 by Info@YesVirginia.org
Once again, Virginia received a number of top rankings in Business Facilities’ 2013 State Rankings Report. The Commonwealth was ranked No. 5 for Best Business Climate and No. 8 for Economic Growth Potential...

Once again, Virginia received a number of top rankings in Business Facilities’ 2013 State Rankings Report. The Commonwealth was ranked No. 5 for Best Business Climate and No. 8 for Economic Growth Potential.

The strength of Virginia’s workforce and education system was recognized through a No. 8 ranking for Best Education Climate and a No. 9 in the Employment Leaders category.

A number of Virginia’s key industries were also touted by the study. Virginia was ranked No. 4 in the Data Center category. Data center investment has grown at a rapid pace in the Commonwealth due to Virginia’s plentiful high-tech workforce, substantial broadband infrastructure, and low-cost environment. In 2012, Virginia saw more than $1 billion in investment in this sector.

Virginia was ranked No. 7 in the Aerospace/Defense Industry Leaders category. This comes as no surprise, as the Commonwealth is the No. 1 state for Department of Defense contracts and is home to a number of global aerospace and defense companies due to its strengths in the high-tech and manufacturing spaces, strong military presence and close proximity to federal customers. Virginia also offers one of only four commercial sites authorized by the FAA for orbital space launch.

Often referred to as the “Energy Capital of the East Coast,” Virginia was recognized as a Biofuels Leader with a No. 7 ranking. The Commonwealth has seen a number of announcements in this sector—Enviva is currently completing construction on a 454,000-metric-ton wood pellet manufacturing facility in Southampton County. The company will utilize Southern Virginia’s rich wood basket, seasoned labor force, and proximity to the Port of Chesapeake to provide biomass for its international customers.

In addition, three Virginia localities were recognized in the Business Facilities Metro Rankings Report. Prince George County was rated No. 7 for Economic Growth Potential, due in part to expansions at Ft. Lee, Rolls-Royce and the Commonwealth Center for Advanced Manufacturing (CCAM). 

Newport News and Norfolk were ranked No. 2 and No. 9, respectively, as Logistics Leaders (Ports) for their proximity to the international Port of Virginia. Offering access to 250 ports in more than 100 overseas locations, the Port of Virginia is the only U.S. East Coast location able to handle post-Panamax vessels as first port of call.

Virginia continues to receive top accolades because the Commonwealth offers the location and resources businesses need to succeed. To learn why companies have prospered in Virginia for more than 400 years, click here.

Nine Virginia Schools Make Forbes 2013 America’s Top 200 Colleges Report

Thursday, 1 August 2013 16:30 by Info@YesVirginia.org
Once again, Virginia colleges and universities made a strong showing on the Forbes 2013 America’s Top Colleges list...

Once again, Virginia colleges and universities made a strong showing on the Forbes 2013 America’s Top Colleges list.

Nine Virginia institutions were ranked in the Top 200 in the Overall Category: Washington and Lee University (No. 21), University of Virginia (No. 29), College of William and Mary (No. 44), Virginia Military Institute (No. 87), University of Richmond (No. 88), Virginia Tech (No. 110), James Madison University (No. 168), Hampden-Sydney College (No. 189), and George Mason University (No. 197).

Virginia schools also stood out in a number of categories. Washington and Lee University was ranked No. 20 on the Best Private Colleges list, and James Madison University came in at No. 21 on the Best Value Colleges List.

Three Virginia schools made the Top 25 in the Best Public Colleges category. University of Virginia was ranked No. 4, College of William and Mary was ranked No. 9, and Virginia Military Institute came in at No. 17.

What is unique about this ranking is that Forbes focuses on ROI and what students get out of their college experience. Forbes looks at five areas to determine its rankings—student satisfaction scores, post-graduate success, student debt, graduation rates and nationally recognized awards.

Virginia’s higher education system currently includes more than 450,000 students enrolled at institutions ranging from 15 comprehensive public institutions, eight of which offer doctoral programs, more than 50 private accredited four-year colleges and universities, and 23 public community colleges.

The quality of Virginia’s workforce is often cited as a critical advantage by companies in the Commonwealth, and with a world-class higher education system, Virginia is poised to maintain a strong pipeline of skilled workers.

To learn how Virginia’s premier higher education system is preparing a skilled workforce for the future, click here.

The Gateway Center for Enterprise Opens in Central Virginia

Thursday, 25 July 2013 16:43 by Info@YesVirginia.org
Today, Virginia’s Gateway Region opened The Gateway Center for Enterprise in Colonials Heights, Va., with the first of many third Thursday networking events...

Today, Virginia’s Gateway Region opened The Gateway Center for Enterprise in Colonials Heights, Va., with the first of many third Thursday networking events.

Today’s event was geared towards new entrepreneurs, with a speaker panel that provided information on how to start and grow a small business. Future third Thursday topics include how to access capital and leadership skills for innovators.

The focus of The Gateway Center is to support local entrepreneurs through a variety of programs, including training, networking events, one-on-one counseling, mentorship programs, and access to the office, library and resource center of Virginia’s Gateway Region. 

The Gateway Center was made possible through partnerships with The Center for Women's Enterprise at REDC Community Capital Group and the Crater Small Business Development Center at Longwood University. 

The center is housed within the main office of Virginia’s Gateway Region, a regional economic development group that supports the cities of Colonial Heights, Hopewell and Petersburg, and the counties of Chesterfield, Dinwiddie, Prince George, Surry and Sussex.

Located in Central Virginia, the Gateway Region offers companies easy access to U.S. and international markets through Virginia’s premier transportation network. Advanced manufacturing, global logistics and food processing companies have been drawn to the area’s skilled workforce and access to top education and research institutions.

The Gateway Center is another example of the innovative environment Virginia offers to entrepreneurs. To learn more about starting a business in the Commonwealth, click here.

Virginia's Gateway Region houses The Gateway Center for Enterprise in Colonial Heights, Va.

High-tech “Fab Lab” Comes to Virginia’s Patrick Henry Community College

Monday, 22 July 2013 15:47 by Info@YesVirginia.org
Patrick Henry Community College (PHCC) began offering tours of its Fab Lab this summer. The Fab Lab is short for digital fabrication laboratory, which gives students and local businesses access to 3D design and prototyping equipment to create new products and inventions...

Patrick Henry Community College (PHCC) began offering tours of its Fab Lab this summer. The Fab Lab is short for digital fabrication laboratory, which gives students and local businesses access to 3D design and prototyping equipment to create new products and inventions.

The Fab Lab concept originated at MIT’s Center for Bits and Atoms. In November 2011, PHCC, the New College Institute and Martinsville-Henry County Economic Development Corporation sponsored a two-week visit from the Mobile Fab Lab of the Carolinas. During that time the lab received more than 300 visits from interested students and community members.

Working with the same partners, PHCC was able to obtain funding from the Virginia Community College System to purchase equipment and establish its own Fab Lab.

Located at the The Artisan Center in Martinsville, the 1600-square-foot Fab Lab houses a Roland MDX 20 mini mill, Roland CAMM-1 Servo GX-24 vinyl cutter, Stratasys uPrint SE Plus FDM 3D printer, Morgan Industries Morgan Press G-100T Injection Molder, Formech 686 Vacuum Former, Universal Laser 4.60, Routermate 4’ x 4’ CNC router and Torchmate 2’ x 4’ CNC plasma cutter.

The 10 Dell workstations in the lab offer open source software, which allows entrepreneurs and students to seamlessly continue their work at home or in other locations.

The Fab Lab has generated a lot of interest among students and business partners in the community. Lab Coordinator Matthew Wade estimates the lab has seen more than 100 visitors since its soft launch in April.

The lab will host a grand-opening event this fall to coincide with its first class, a basic manufacturing class that will teach students and entrepreneurs how to use the equipment in the lab to bring their ideas to life.

“Inventors can create designs with our software, use the vinyl cutter and CNC mill to fabricate and carve out a circuit board, and then utilize our 3D printer to produce a working model of their new product idea,” said PHCC Lab Coordinator Matthew Wade.

The PHCC Fab Lab is another example of the cutting-edge technology available at Virginia’s colleges and universities, helping prepare a strong pipeline of technically-skilled workers. According to the U.S. Chamber of Commerce’s recent Enterprising States study, Virginia is the No. 1 state in STEM job concentration and has the No. 1 share of high-tech businesses.

To learn more about Virginia’s leading higher education system and workforce preparation programs, click here.

A view of the Patrick Henry Community College Fab Lab in Martinsville, Va.

German Investment in Virginia Continues—PRUFREX Establishes First U.S. Location

Wednesday, 17 July 2013 16:23 by Info@YesVirginia.org
YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Virginia Rises to Second in Atlantic Region in Annual Workforce Development Rankings

Wednesday, 1 February 2017 14:25 by Info@YesVirginia.org

Virginia rose from fourth to second in the Atlantic region in a recent analysis of state workforce development activities conducted by Site Selection Magazine.

Site Selection’s third annual state workforce development rankings provide a general sense of which states, in a given region, are devoting sufficient or superior resources to preparing their workforces for current and future employment. The analysis looked at states’ commitment to skills development as measured by their spending on workforce development, K-12 preparation and the number of working-age adults deemed “career-ready.”

Among the eight ranked states, Virginia scored ahead of highly competitive states like Florida, North Carolina, Maryland, and Delaware, and tied with South Carolina.

“Virginia’s improved ranking is further evidence that we’re making significant progress toward building a 21st century workforce,” said Governor McAuliffe. “We know that workforce is the number one factor companies evaluate when making a decision to locate a new facility or expand their existing business.  We’re pleased to see our position improve relative to our regional competitors and will continue our efforts to assure our position as a leader in workforce development and education.”

Virginia offers customized recruiting and training services through the Virginia Jobs Investment Program (VJIP). To learn more about this economic development incentive, click here.

Save

Virginia Economic Developers Recognized in National Ranking

Wednesday, 25 January 2017 14:20 by Info@YesVirginia.org

YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Mechatronics Curriculum Likely to Give Mega Boost to Roanoke’s Workforce Pipeline

Wednesday, 6 April 2016 10:03 by Info@YesVirginia.org

The Roanoke Valley Region has recently become a magnet for the automotive industry.

Italy-based ELDOR Corporation, a leading automotive supplier of ignition coils and systems, engine and electronic control units and full systems for hybrids, is the latest company to establish an operation in Botetourt County. A major deciding factor for the company was the region’s skilled workforce.

Thanks to Virginia Western Community College’s (VWCC) advanced technology education programs, there is a strong pipeline of skilled workers to serve the area’s growing automotive industry. VWCC offers an Associate degree in Applied Science with a focus on Mechatronic Systems Engineering Technology—a cross-discipline that combines mechanical, electrical and computer engineering to meet high performance manufacturing industry standards. The community college also offers a Siemens Mechatronic Systems Certification Program to prepare students to work in the ever-growing complex technology industry. 

Students have access to the Fab Lab at VWCC, giving them digital fabrication resources as a platform for their own innovation and inventions. Automated Manufacturing instructor Daniel Horine showcased VWCC’s impressive equipment and training capabilities following the Governor’s ELDOR announcement last month. Attendees, including ELDOR’s executive team, got a personal tour of the community college’s Fab Lab.

The Mechatronics program at VWCC is a great testament to how higher education works to provide students with industry specific skills and create a steady workforce pipeline for area employers. To learn more about Virginia’s 23 community colleges, located on 40 campuses around the state, click here.


VWCC Automated Manufacturing instructor Daniel Horine gives ELDOR executives a tour of the Fab Lab.