Carded Graphics Continues Growth Trajectory in Staunton, Va.

Friday, 14 September 2012 14:00 by Info@YesVirginia.org
On Wednesday, Carded Graphics announced plans to expand its production capacity in Staunton, Va., bringing a $7 million investment and 34 new jobs to the Shenandoah Valley region...

On Wednesday, Carded Graphics announced plans to expand its production capacity in Staunton, Va., bringing a $7 million investment and 34 new jobs to the Shenandoah Valley region.

A leading producer of custom folding cartons and paperboard packaging, the additional capacity will allow Carded Graphics to meet growing customer demand for its award-winning graphics, packaging design, printing, die-cutting, and state-of-the-art converting technology.

Originally founded in Virginia, the company has morphed and relocated through a number of acquisitions. Since returning to the Commonwealth in 2006, the company has doubled in size.

The City of Staunton offers a prime location for the company’s 120,000-square-foot facility, which houses Carded Graphics’ corporate offices and production plant. Located near the interchange of I-81 and I-64, the company can easily access Virginia’s premier transportation network with convenient reach to customers across the U.S.

In addition, Carded Graphics plays a key role in the Shenandoah Valley supply chain, providing packaging to nearby companies, including Hershey’s, Hollister, and ASR.

With its low-cost operating environment, highly-skilled workforce and robust transportation infrastructure, Virginia continues to be a prime location for advanced manufacturers, attracting more than $13.8 billion in capital investment over the last decade.

To find out what more than 6,000 Virginia manufacturing establishments already know, click here.

Montgomery County Gains another 50 Jobs—Social Media Company Heyo Expands

Wednesday, 12 September 2012 08:55 by Info@YesVirginia.org
Heyo, formerly known as Lujure Media Inc., just announced plans to invest $100,000 and create 50 new jobs in Blacksburg, Va., located in Montgomery County...

Heyo, formerly known as Lujure Media Inc., just announced plans to invest $100,000 and create 50 new jobs in Blacksburg, Va., located in Montgomery County.

Founded by students at Virginia Tech and Radford University in 2010, Heyo is a shining example of the innovation and creativity of Virginia’s entrepreneurs. The company provides an easy-to-use platform that allows users to drag and drop Facebook fan pages, mobile apps and websites.

Virginia’s universities thrive when it comes to cultivating the entrepreneurial spirit necessary to create next generation technologies. Heyo’s student entrepreneurs received guidance along the way through entrepreneurial programs at their respective universities.

CTO Brian Putt was a member of Radford University’s Collegiate Entrepreneurs club. CEO Nathan Latka and CFO Josh Gunter both attended Virginia Tech and the trio entered Heyo into the Virginia Tech Student Business Competition in 2011, winning the $5,000 grand prize. The competition was sponsored by the Virginia Tech KnowledgeWorks Third Annual Entrepreneurship Summit. 

With easy access to tech-savvy grads, Heyo’s decision to remain in Blacksburg is certainly a positive reflection on the local talent pool. According to CEO Nathan Latka, “The close knit community makes it easy to build culture and hire top tier talent from top ranked local universities like Virginia Tech and Radford University.”

No stranger to top IT talent, Virginia boasts the highest concentration of high-tech workers according to Cyberstates 2011.

Governor McDonnell designated 2012 as “The Year of the Entrepreneur,” and Heyo’s rapid success is a great example of why Virginia is the best place for entrepreneurs.

To learn more about Virginia’s robust technology industry, click here.

Multiple Virginia Locations Ranked Top Ten by CNN Money’s Best Places to Live

Friday, 7 September 2012 14:08 by Info@YesVirginia.org
CNN Money magazine named Reston, Va., No. 7 in the overall ranking in its Best Places to Live: America’s Best Small Cities report. Reston earned a top ten placement due to its unique combination of exceptional access to growing job markets and high quality of life.

CNN Money magazine named Reston, Va., No. 7 in the overall ranking in its Best Places to Live: America’s Best Small Cities report. Reston earned a top ten placement due to its unique combination of exceptional access to growing job markets and high quality of life.

Reston’s strategic location between Washington, D.C., and Dulles International Airport continues to attract a growing number of national and international firms in the government, defense, and technology sectors. The community also offers residents access to a thriving downtown and some of the nation’s most highly-rated schools.

In one important subcategory, Fastest Job Growth, three Virginia counties also won high honors.

Loudoun County earned the No. 1 spot for Fastest Job Growth and experienced the highest percentage of job growth in the nation. A leader in the technology sector, more than 50 percent of all internet traffic flows through the county daily. Now home to more than 4.3 million square feet of data centers, it is easy to see why Loudoun has earned the nickname “Data Center Ally.”

Another Northern Virginia location, Prince William County, received the No. 8 ranking for Fastest Job Growth. Prince William benefits from major military employers including Quantico Marine Corps Base. Excellent quality of life in Prince William County keeps these highly-skilled workers in the region even after they exit military service.

Suffolk County, ranked No. 9 for Fastest Job Growth, offers many distribution and logistical advantages. Located in southeast Virginia, the county offers close proximity to the Port of Virginia and is serviced by two railroads and multiple interstates.

With so many unique and diverse locations Virginia continues to be recognized as a top state for business.  To learn more about these and other locations fostering growth in Virginia click here.

Aeroprobe Corporation Expands into Montgomery County, Va.

Thursday, 6 September 2012 09:01 by Info@YesVirginia.org
Homegrown Virginia company Aeroprobe Corporation just announced plans to relocate its headquarters and add a manufacturing operation in the Town of Christiansburg in Montgomery County’s Falling Branch Corporate Park. The project is expected to bring a $3 million investment and 40 new jobs to the area...

Homegrown Virginia company Aeroprobe Corporation just announced plans to relocate its headquarters and add a manufacturing operation in the Town of Christiansburg in Montgomery County’s Falling Branch Corporate Park. The project is expected to bring a $3 million investment and 40 new jobs to the area.

Aeroprobe will remain in the New River Valley region, relocating its headquarters from Blacksburg to Christiansburg and establishing a manufacturing operation in order to accommodate increased demand for its products. The company grew by 76 percent in 2011 and expects to increase by 103 percent in 2012.

The new facility at Falling Branch Corporate Park will include 20,000 square feet of space with room to expand to 40,000 square feet.

Aeroprobe Corporation also operates a satellite facility in Blacksburg Industrial Park which houses the company's high-speed wind tunnel.

The company elected to remain in Virginia due to the Commonwealth’s strong manufacturing workforce and the high quality of life Montgomery County offers. With its close proximity to Virginia Tech, ranked one of the best universities for aerospace employee recruitment by Aviation Week & Space Technology, the company has easy access to a steady supply of engineers and high-tech employees. 

According to Aeroprobe CEO Nanci Hardwick, “We are delighted to live and work in one of the most beautiful places in the world. The availability of highly technical talent in a business friendly community made Montgomery County our first choice to house our international operations.”

A leading manufacturer of air data measurement equipment, Aeroprobe illustrates the diversity of Virginia’s aerospace industry. The company’s products have been used by Boeing, Lockheed Martin, Air Bus and NASA.

To learn more about Virginia’s aerospace industry and why aerospace companies have invested more than $1.5 billion in the Commonwealth over the last 10 years, click here.

The Vitamin Shoppe Brings First Distribution Center to Virginia

Tuesday, 4 September 2012 16:41 by Info@YesVirginia.org
On Friday, The Vitamin Shoppe announced plans to establish its first Virginia distribution facility in Hanover County. The operation will be located at the Virginia Transportation Park in Ashland, Va., and will bring a $39.4 million investment and 174 new jobs to the Central Virginia region...

On Friday, The Vitamin Shoppe announced plans to establish its first Virginia distribution facility in Hanover County. The operation will be located at the Virginia Transportation Park in Ashland, Va., and will bring a $39.4 million investment and 174 new jobs to the Central Virginia region.

The Vitamin Shoppe’s accelerated growth and desire to be closer to its mid-Atlantic customer base were primary reasons for building the warehouse and fulfillment center in Virginia. The company has grown from one store in 1977 to more than 550 company-owned retail stores today.

Virginia successfully competed against North Carolina due to the Commonwealth’s strategic location, competitive business costs, and premier workforce.

The Hanover County location offers visibility to I-95, allowing the company to easily access Virginia’s premier transportation network, which includes six major interstate highways, 14 railroads, nine commercial airports and the international Port of Virginia.

Virginia’s competitive operating environment includes a six percent corporate tax rate that remains unchanged since 1972, construction costs 16 percent below the national average, and a low unemployment tax rate 32 percent below the national average.

According to Ashland Mayor Faye Prichard, “The Town of Ashland and The Vitamin Shoppe share core values of community involvement and healthy living…. Their decision to locate in Ashland and Hanover builds upon the reputation of this region serving as a strategic location for supply chain centers in the mid-Atlantic.”

The Vitamin Shoppe joins the company of Ace Hardware, Amazon.com, Backcountry.com, Home Depot, McKesson Corp, QVC, Target and Wal-Mart, all of which have established fulfillment and distribution operations in the Commonwealth.

To learn why Virginia continues to be a leading location for distribution centers, attracting more than $1.6 billion in capital investment from global logistics companies over the last 10 years, click here.

Virginia’s Metro Areas Win Four Top Ten Rankings from Business Facilities Magazine

Friday, 31 August 2012 10:49 by Info@YesVirginia.org
Four Virginia locations received top ten rankings from Business Facilities Magazine’s 2012 Metro Rankings Report. Now in its eighth year, the report recognizes future economic leaders by ranking more than 350 Metropolitan Statistical Areas (MSAs) in 13 categories.

Four Virginia locations received top ten rankings from Business Facilities Magazine’s 2012 Metro Rankings Report. Now in its eighth year, the report recognizes future economic leaders by ranking more than 350 Metropolitan Statistical Areas (MSAs) in 13 categories.

Arlington and Richmond, Va., both earned top ten placements for Best Quality of Life. Virginia’s 57 state and national parks, top-ranked schools, low unemployment and abundant cultural resources routinely garner national attention.

Arlington, ranked No. 3, boasts the highest per capita income and the highest home values in the region, while Richmond, ranked No. 9, offers the state’s top ranked hospital and largest four-year college.

The Blacksburg-Christiansburg-Radford, Va., area received a top five win in the Jobs Growth Leaders category with a No. 4 ranking.  Home to Virginia Tech, Radford University and New River Community College, the region’s rapid growth is supported by a highly educated workforce.

Norfolk, Va., gained the No. 7 spot in the Logistics Leaders - Ports category. The Port of Virginia is the deepest port on the U.S. East Coast, linking Virginia to nearly 400 ports in more than 100 countries worldwide.
 
To learn more about Virginia’s winning combination of outstanding quality of life, strong workforce and excellent infrastructure click here.

GE Celebrates One-Year Anniversary and 100 Hires in Henrico County

Thursday, 30 August 2012 16:46 by Info@YesVirginia.org
Exactly one year after opening its Henrico County Information Security Technology Center, GE has already hired 100 people. Following the company’s announcement in April 2011, GE is ahead of schedule for the 200 new jobs it expects to create over the next few years...

Exactly one year after opening its Henrico County Information Security Technology Center, GE has already hired 100 people.

Following the company’s announcement in April 2011, GE is ahead of schedule for the 200 new jobs it expects to create over the next few years.

With more than 300,000 employees operating in 100 countries, safeguarding GE and customer data is an enormous task. Utilizing the center’s state-of-the-art cyber forensics lab and cyber intelligence monitoring center, teams are focused on developing innovative solutions to keep company information secure.

Locating near a skilled, high-tech workforce was critical for GE. With the highest concentration of high-tech workers according to Cyberstates 2011, Virginia proved to be the right location.

Virginia also offers companies the ability to partner with leading universities at the forefront of research and development in the field of cyber security.

George Mason University’s International Cyber Center, The Hume Center for National Security and Technology at Virginia Tech, and James Madison University’s Institute for Infrastructure and Information Assurance are just a few of the leading programs preparing a solid pipeline of high-tech workers in Virginia.

To learn why companies consider Virginia a world-class center for technology, investing more than $7.9 billion in Virginia IT projects over the last ten years, click here.

Backcountry.com Opens East Coast Fulfillment Center in Montgomery County, Va.

Wednesday, 29 August 2012 13:29 by Info@YesVirginia.org
On Friday, Backcountry.com celebrated the opening of its East Coast fulfillment center in Montgomery County, less than a year after the company announced it would invest $20 million and create 200 new jobs...

On Friday, Backcountry.com celebrated the opening of its East Coast fulfillment center in Montgomery County, less than a year after the company announced it would invest $20 million and create 200 new jobs. 

Secretary Cheng attended the ribbon-cutting ceremony, congratulating the company on its swift progress preparing the facility at Falling Branch Corporate Park.

As the largest online specialty retailer of premium outdoor gear, Backcountry.com is known for its fast delivery times and selected the Commonwealth for its strategic East Coast location and world-class logistics network. With 14 railroads, six major interstate highways, 9 commercial airports and the international Port of Virginia, the Commonwealth offers easy access to customers on the East Coast and beyond. 

To maintain its reputation for excellent customer service, locating near a skilled workforce was critical to Backcountry.com. With its close proximity to the Appalachian Trail and Washington-Jefferson National Forest, Montgomery County caters to outdoor enthusiasts, drawing a talented and passionate labor pool closely aligned with the company’s mission.

Virginia continues to be a leading location for fulfillment and distribution centers—Ace Hardware, Amazon.com, Home Depot, McKesson Corp, QVC, Target and Wal-Mart have all established operations in the Commonwealth.

Over the last ten years global logistics companies have announced more than 360 projects, totaling more than $1.6 billion in capital investment. To learn more about Virginia’s premier location and logistics infrastructure, click here.

Secretary Cheng (left) joins company and local officials as Co-Founder and Executive Chairman Jim Holland cuts the ribbon with one of Backcountry.com’s products.

Global Tech Leader iGATE Expands U.S. Presence in Loudoun County

Wednesday, 22 August 2012 16:16 by Info@YesVirginia.org
Technology leader iGATE recently announced plans to invest more than $1 million to establish a new facility in Loudoun County, bringing 250 new jobs to the area over the next few years...

Technology leader iGATE recently announced plans to invest more than $1 million to establish a new facility in Loudoun County, bringing 250 new jobs to the area over the next few years.

The location in Loudoun County will allow iGATE to further the expansion of its technology consulting services into the U.S. market, particularly with nearby Washington D.C. government agencies and businesses.

Close proximity to the Washington Dulles International Airport was a key advantage, giving a global company like iGATE access to 80 percent of the world’s economies.

The ability to draw upon a highly-skilled, tech-savvy workforce also factored into Virginia’s favor. Due to the consultative nature of the company’s custom technology products, human capital is a critical driver of the company’s success.

Fortunately the Commonwealth has the employee pool to match companies’ workforce needs, with the highest concentration of high-tech workers according to Cyberstates 2011. Companies are taking notice of Virginia’s world-class employee base. Professional, scientific and technical services—a category dependent on a quality workforce—was the top sector for job creation in Virginia last year, announcing almost 13,000 new jobs in 2011.

iGATE Chief Delivery Officer Sean Narayanan recognized the many attributes Virginia offers companies, stating, “We have been impressed with the business and government leaders in Virginia, the high caliber of the workforce, the excellent quality of life, and we look forward to positive, long-term growth and involvement in this area.”

To learn more about Virginia’s unique combination of assets and why companies have been prospering here for more than 400 years, click here.

Commonwealth Laminating & Coating Announces Second Expansion in Nine Months

Tuesday, 21 August 2012 15:00 by Info@YesVirginia.org

Secretary Cheng visited Commonwealth Laminating & Coating’s (CLC) headquarters last week to announce the company’s second expansion in less than nine months.

The company plans to invest $5.45 million to establish a national distribution center in the same business park as its headquarters and manufacturing operation in Martinsville, Va. The project is expected to create 60 new jobs—welcome news as Henry County and Southern Virginia continue to make positive progress towards economic recovery.

This project is further testament to CLC’s success in Virginia, as just last November the company announced its plans to invest $16.5 million to expand its manufacturing facility, creating 40 new jobs. 

With eight locations across five countries, CLC certainly has its pick of locations. Choosing to invest further in Virginia is a compelling endorsement of the Commonwealth’s excellent business environment. In addition, the Henry County location is the company’ sole manufacturing facility, illustrating how Virginia’s manufacturing capabilities can compete on a global level.

Virginia has successfully competed against China, Arizona and North Carolina for CLC’s projects over the last year.

The success of CLC’s solar control window film and high-performance coatings business adds to Virginia’s reputation as a leading location for polymer and film manufacturing companies.

Home to more than 200 plastics companies, over the last decade Virginia has seen more than $1 billion invested by plastics firms in new and expanding facilities. 

Virginia offers the skilled workforce, competitive operating environment and world-class logistics network so important to plastics manufacturing companies. To learn why companies like DuPont, Honeywell, Phoenix Packaging, Rubbermaid, and O’Sullivan Films have all invested in Virginia, click here.

McKee Foods Expands Manufacturing Operation in Augusta County

Friday, 17 August 2012 17:01 by Info@YesVirginia.org
Secretary Cheng recently attended an event at McKee Foods’ Stuarts Draft facility in Augusta County, Va., to announce the company’s planned investment of $19 million to expand the plant, creating 78 new jobs...

Secretary Cheng recently attended an event at McKee Foods’ Stuarts Draft facility in Augusta County, Va., to announce the company’s planned investment of $19 million to expand the plant, creating 78 new jobs.

Best known for its Little Debbie® line of snack cakes, McKee Foods produces a wide range of food products under the Sunbelt®, Heartland® and Fieldstone™ Bakery brands. Increased demand for the company’s line of Little Debbie® donuts is a major driver for the additional production capacity.

Successfully operating in Augusta County for 22 years, the high productivity of the local workforce helped Virginia win this project. The plant’s productivity, measured in cases produced per employee, has improved by 24 percent over the last two years, with the same number of employees and no additional automation.

According to Randy Smith, Vice President, McKee Foods Stuarts Draft operations, “McKee Foods initially recognized the strategic advantage of building a manufacturing facility in August County more than two decades ago. A major point in that decision was seeing that the Shenandoah Valley gave us access to a highly-skilled workforce. Today we’re pleased to be able to expand our production capabilities here.”

In addition to a highly-skilled manufacturing workforce, Virginia allows companies to improve their bottom lines. With a corporate income tax rate of 6 percent, an unemployment tax burden 32 percent lower than the national average, construction costs 16 percent lower than the national average, and favorably priced utility rates, more than 550 food and beverage companies call Virginia home.

To learn why food and beverage manufacturers have invested more than $1.9 billion in Virginia over the last decade, click here.

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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.

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VEDP Economist Touts Benefits of Virginia’s Offshore Wind Industry to House Committee

Friday, 15 March 2013 13:53 by Info@YesVirginia.org
Earlier this month, VEDP Senior Economist Brian Kroll testified before the U.S. House of Representatives’ Subcommittee on Energy and Mineral Resources. The subject of the oversight hearing was “America’s Offshore Energy Resources: Creating Jobs, Securing America, and Lowering Prices”...

Earlier this month, VEDP Senior Economist Brian Kroll testified before the U.S. House of Representatives’ Subcommittee on Energy and Mineral Resources. The subject of the oversight hearing was “America’s Offshore Energy Resources: Creating Jobs, Securing America, and Lowering Prices.”

The subcommittee, led by Congressman Doug Lamborn, heard testimony from four experts on how offshore energy can be a catalyst for job creation and economic development, particularly in regions off the Outer Continental Shelf.

VEDP Senior Economist Brian Kroll focused on the positive impact of Virginia’s growing offshore wind industry.

Using an economic impact analysis that assumed 2,000 MW of offshore wind capacity were built over a 10-year period and only half of the supply chain located in the Commonwealth, Kroll concluded that 2,125 direct jobs and 2,710 indirect jobs could be created in Virginia over the first five years, and an additional 1,635 direct jobs and 1,960 indirect jobs could be created over the last five years, for a grand total of 8,430 new jobs in Virginia.

These jobs would primarily come from sectors such as operations and maintenance, construction, and the manufacturing of nacelles, turbine blades and generators.

In addition, Kroll concluded these jobs would benefit Virginia through an additional $9 billion in GDP and $119 million in state-level tax revenue over the 10-year period.

With yesterday’s announcement that the Bureau of Ocean Energy Management (BOEM) is on track to issue the Virginia Department of Mines, Minerals and Energy a wind energy research lease on the Outer Continental Shelf, Virginia’s wind industry continues to build momentum. 

In December, we blogged about the positive announcements from the BOEM, advertising the first-ever wind energy lease sale on the Outer Continental Shelf, and from the Department of Energy, reporting that a Virginia team was one of seven projects awarded a grant for the engineering, design and installation of an offshore wind turbine demonstration facility.

Virginia is primed to be a leader in the offshore wind industry, providing the ideal combination of strong Class 6 winds, shallow waters off the coast, an experienced maritime workforce, a robust transportation network, and access to a fully operational high voltage transmission grid close to shore.

To watch a webcast of Brian Kroll’s presentation, click here and to learn why more than 380 energy companies call Virginia home, click here

VEDP Senior Economist Brian Kroll testifies before the U.S. House Subcommittee on Energy and Mineral Resources about the economic benefits of developing Virginia’s offshore wind industry.

Virginia’s Wind Industry Gains Speed with Two Federal Announcements

Monday, 17 December 2012 16:12 by Info@YesVirginia.org
In the last few weeks, Virginia’s wind industry has won validation with two positive announcements from the Bureau of Ocean Energy Management (BOEM) and Department of Energy (DOE)...

In the last few weeks, Virginia’s wind industry has won validation with two positive announcements from the Bureau of Ocean Energy Management (BOEM) and Department of Energy (DOE).

On November 30, the BOEM announced federals waters off the Virginia coastline qualified as one of only two wind energy areas (WEAs) for the upcoming competitive lease sale process. This is the first-ever wind energy lease sale on the Outer Continental Shelf.

The Commonwealth’s WEA encompasses 112,800 acres located about 23.5 nautical miles off Virginia’s coastline. According to the BOEM, this area would have the capacity to produce more than 2,000 MW of wind generation, enough electricity to power 700,000 homes.

On December 12, the DOE announced that a Virginia team led by Dominion Virginia Power was one of seven projects awarded an initial grant of up to $4 million for the engineering, design and installation of an offshore wind turbine demonstration facility.  

Dominion will install two Alstom 6-megawatt turbines off the Virginia coastline using an innovative “twisted jacket” foundation that requires less steel. In addition to Alstom Power Inc., the Dominion team includes KBR; the Virginia Department of Mines, Minerals and Energy (DMME); the National Renewable Energy Laboratory; the Virginia Tech Advanced Research Institute; and Newport News Shipbuilding.

Virginia-based Fugro Atlantic has also been selected by the DMME to conduct a geological survey to study the seafloor of Virginia’s WEA in the Outer Continental Shelf.

Recognition from both the BOEM and DOE highlights the Commonwealth’s strengths in the offshore wind industry. Virginia is well-positioned as a leader in this renewable energy field, offering the ideal combination of strong Class 6 winds, shallow waters off the coast, an experienced maritime workforce, a robust transportation network, and access to a fully operational high voltage transmission grid close to shore.

Often called the “Energy Capital of the East Coast,” Virginia is home to more than 380 energy companies and has seen more than $4.6 billion invested in energy projects over the last decade. To learn more about Virginia’s burgeoning energy industry, click here.

A rendering of the Dominion offshore wind turbine demonstration facility, consisting of two Alstom 6-megawatt turbines. Courtesy of Dominion Virginia Power.

Virginia Beach Hosts 2012 AWEA Offshore Wind Conference

Monday, 15 October 2012 16:32 by Info@YesVirginia.org
Virginia Beach recently hosted the 2012 AWEA Offshore Wind Conference, welcoming offshore wind energy leaders from across the globe...

Virginia Beach recently hosted the 2012 AWEA Offshore Wind Conference, welcoming offshore wind energy leaders from across the globe.

Coming shortly after Governor McDonnell’s Conference on Energy in Richmond, Va., the Commonwealth continues to lay claim to the title “Energy Capital of the East Coast.”

Lieutenant Governor Bill Bolling spoke at the opening ceremony and VEDP Managing Director Jerry Giles was one of the panelists for the Virginia Spotlight session. Representatives from the Port of Virginia, the Virginia Department of Mines, Minerals, and Energy, and the Virginia Department of Commerce and Trade spoke at events throughout the conference.

In addition, VEDP shared a trade show booth with Poseidon Atlantic in close proximity to Fugro and the Virginia Offshore Wind Coalition. Other Virginia-based companies in attendance included Apex Wind Energy, Bechtel Corp., and Maersk Line Limited.

VEDP and its partners continue to promote Virginia as the natural choice for the offshore wind industry. With its strong Class 6 winds, Virginia offers companies a central mid-Atlantic location, a high voltage transmission grid close to shore, and a premier maritime workforce with the largest industrial military complex in the U.S.

While the industry awaits news on the U.S. Bureau of Energy Management’s (BOEM’s) competitive auction process from its call for nominations last February, Virginia companies continue to make progress both on and offshore. 

Poseidon Atlantic has installed its Light Detection and Ranging (LIDAR) monitoring position in Northampton County, Va., as part of its wind measurement campaign. The results show wind conditions are better than expected. The company has also commenced its phase two study investigating offshore testing sites.

Wind energy remains an important component of Virginia’s all-of-the-above approach to the energy crisis. Home to more than 380 energy companies, the Commonwealth has seen more than $4.6 billion invested in energy projects over the last ten years. To learn more, click here.

Deputy Secretary of Commerce and Trade Carrie Roth speaks about Virginia’s wind resources to a group of wind energy leaders at a dinner hosted by VEDP.

Virginia’s Wind Industry Moves Forward On and Offshore

Friday, 17 February 2012 10:01 by Info@YesVirginia.org

The federal Bureau of Ocean Energy Management (BOEM) recently initiated a Call for Information and Nominations to determine industry interest in commercial wind energy leases in federal waters off Virginia’s coast. This announcement is a significant milestone advancing Virginia’s offshore wind industry and moving the Commonwealth closer to claiming the title, “Energy Capital of the East Coast.”

Industry participants will have 45 days to respond to the Call, after which BOEM will determine whether the leasing process will be competitive or not. The Call Area was determined by the Virginia Renewable Energy Task Force in an effort to balance offshore wind development with protection of the environment and shipping interests. BOEM recently completed an environmental assessment of the area and determined that there would be “no significant impacts” in issuing these leases.

Virginia has already made significant strides in developing its offshore wind energy assets. The Commonwealth’s ideal combination of strong Class 6 winds and shallow waters that allow for the easy installation of turbines has attracted a number of players in the global supply chain.

Last October, Virginia’s Northampton County was selected as the site for Poseidon Atlantic, the first comprehensive testing and certification facility for both offshore and land-based wind turbines in the U.S. Poseidon Atlantic recently installed its first Light Detection and Ranging (LIDAR) monitoring position in Northampton County. The LIDAR system is about the size of an air conditioner and uses laser technology to measure wind speed, direction, frequency and strength. This project will be uniquely able to test and certify the entire wind turbine (as opposed to testing component parts).

In addition, Gamesa Technology Corp. and Newport News Shipbuilding, a unit of Huntington Ingalls Industries, have launched the Gamesa Offshore Wind Technology Center in Chesapeake, Va. The center has made significant strides in developing an offshore testing facility in the Chesapeake Bay, off the Eastern Shore. The test site has been identified and submarine testing of the ocean floor has begun. The test site is expected to be complete in late 2012 to early 2013.

To learn more about Virginia’s energy assets and why more than 380 energy companies have established operations in the Commonwealth, click here.

 

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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.

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