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.
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.
|The $1.9 million investment will be used to convert the former Lynchburg Steel Facility into a manufacturing operation for the company’s prefabricated bridge parts, bringing 32 new jobs to Southwest Virginia.|
Big R Bridge has been supplying prefabricated bridges and custom engineered products for more than 40 years, handling more than 10,000 installations to date and creating more than 300 bridges each year.
The new facility in Washington County will allow the company to expand its U.S. footprint and more easily access East Coast markets. Virginia successfully competed against North Carolina for the project.
The Commonwealth was chosen for its strategic location and premier logistics network, offering easy access to Interstates 81 and 77. Virginia was also selected for its exceptional workforce with the advanced manufacturing skills needed to produce the company’s highly engineered solutions.
With names like DuPont, Honeywell, Owens & Minor, Merck and Rolls-Royce, Virginia continues to attract top tier manufacturing companies. To learn why more than 6,000 manufacturers call Virginia home, click here.
The Biotechnology Industry Organization (BIO) honored Virginia Delegate R. Steven Landes as its State Legislator of the Year at the recent 2012 BIO International Convention in Boston, Mass.
Delegate Landes was recognized for his efforts in advancing the field of biotech and supporting legislation to make Virginia a top state to attract and retain life sciences businesses.
BIO is the world’s largest biotech organization and the BIO International Convention is the largest global event for the biotech industry with 15,000 attendees at its annual conference.
Delegate Landes was given the award in the Virginia Pavilion, a 1,500-square-foot space organized by VEDP. The Pavilion showcased Virginia’s universities, companies and local economic development groups in the Commonwealth’s major life science clusters: Northern Virginia, Hampton Roads, Charlottesville, Greater Richmond, and the I-81 Corridor.
With its central location in the Mid-Atlantic Life Science cluster and strong technology and life sciences workforce, Virginia’s biotech industry is on the rise. Top research institutions such as SRI International and the Howard Hughes Medical Institute, as well as leading companies, including Merck, Fareva, McKesson, Teva Pharmaceuticals, and Boehringer Ingelheim have all chosen to locate in the Commonwealth.
To learn more about Virginia’s growing life science industry and why the private sector has invested more than $1.9 billion over the last decade, click here.
Virginia Biotechnology Association Interim Executive Director Jeff Gallagher (left) and BIO Vice President, Alliance Development and State Government Relations Fritz Bittenbender (right) present Delegate Landes with the State Legislator of the Year award.
Virginia was recently awarded a Silver Shovel in the 5-9 Million population category by Area Development magazine.
As part of the magazine’s seventh annual ranking, the award recognizes states for attracting investment projects that created a high number of new jobs in calendar year 2011. States were recognized for establishing policies that drive job growth, infrastructure improvements, and processes that attract new employers.
The award is based on each state’s top 10 projects that broke ground in 2011, using a number of weighted factors such as number of new jobs created, size of investment, number of new facilities, and the diversity of industries represented.
The ten outstanding projects that made Virginia a winner were: Amazon.com, ICF International, United States Green Energy, Soft Tech Consulting Inc., Katoen Natie, Backcountry.com, International Paper, PPD Inc., Rubbermaid Commercial Products Inc., and Microsoft Corp.
Also a winner of the Silver Shovel in 2009 and 2006, this recognition continues Virginia’s winning streak with awards such as Site Selection magazine’s 2011 Competitiveness Award, MoneyRates.com’s 2012 Best State to Make a Living, Pollina Corporate Real Estate’s 2011 Top Pro-Business State, CNBC’s 2011 Top State for Business, and Business Facilities magazine’s top spot for Economic Growth Potential in 2011.
To learn more about Virginia’s unique combination of assets that has allowed businesses to prosper here for more than 400 years, click here.
Capital One recently announced plans to invest $150 million to establish a new data center in Chesterfield County, bringing 50 new jobs to the area. Virginia successfully competed against Texas for this project.
Chesterfield County was selected due to its proximity to Capital One’s existing operations in the Greater Richmond area. The Fortune 500 company has successfully operated in Virginia for more than two decades.
Central Virginia is seeing a growing cluster of data centers due its abundant power, advanced fiber network, and low risk of natural disasters. In addition, the strong partnership between local officials and utility providers allows deals such as this to be put together quickly.
Virginia is fast becoming a popular place for data centers across the Commonwealth. Data processing was the dominant sector for investment in 2011 at $960 million, accounting for almost half of the nonmanufacturing investment.
The Commonwealth not only offers companies low electricity rates below the national average; it maintains a highly qualified workforce to support the sector, with the highest concentration of high-tech workers according to Cyberstates 2011. In addition, the Retail Sales and Use Tax Exemption provides a competitive cost advantage on qualified equipment for data centers.
To learn more about Virginia’s capabilities and why companies have invested more than $4.4 billion in the Commonwealth’s data center industry over the past ten years, click here.
Continuing our series on University-Based Economic Development, we will look at how James Madison University’s (JMU) Virginia Center for Wind Energy (VCWE) keeps industry professionals educated on wind power developments in Virginia.
Located in a 4,000-square-foot commercial lab space near JMU’s main campus, the center has been active since 2001. VCWE provides measurements, economic modeling, education, energy policy analysis and GIS reports on wind energy in the Commonwealth.
VCWE recently hosted the 2012 Statewide Wind Energy Symposium, which included panel discussions and workshops ranging from Wind 101 to Regulatory and Permitting Options. The 150 attendees included government officials, wind industry decision-makers, business owners and Virginia residents.
During the symposium VCWE launched its Small Wind Training & Testing Facility, which will be used primarily for workforce training in the small wind industry. Small wind is traditionally defined as turbines below 100 kilowatts (kW) with most residential turbines under 20 kW. Through the center students will have access to three wind turbines, a WeatherBug weather station, a solar array system and additional measurement equipment.
Uncertainty still surrounds the national production tax credit, and locally, many cities do not have wind ordinances in place, making education the critical mandate for VCWE.
“The Small Wind Training and Testing Facility was designed to address a lack of available resources in the region to support the training of a small wind workforce throughout Virginia and beyond. This resource will support teaching of undergraduates at JMU and other educational institutions throughout the Commonwealth, as well as the training of residents and business owners who seek to learn more about how to apply wind energy in Virginia,” said Dr. Jonathan Miles, VCWE Director.
Fortunately Virginia has a compelling wind story with its shallow waters, strong Class 6 winds, high voltage transmission grid, and maritime workforce. To learn more JMU’s Virginia Center for Wind Energy, click here.
Dr. Jonathan Miles, VCWE Director, addresses the crowd at the JMU Small Wind Training & Testing Facility ribbon-cutting ceremony.
||virginia, economic development, ubed, university-based economic development, jmu, james madison university, vcwe, virginia center for wind energy, small wind training and testing facility, wind industry, virginia wind, offshore wind
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The Virginia Port Authority (VPA) and VEDP signed a Memorandum of Understanding to launch a joint marketing initiative to better share Virginia’s unique story with businesses that utilize port facilities.
The marketing initiative will include creating a shared message to be featured through websites, joint client calls on marketing missions, and collaborative representation at various industry events and tradeshows.
The Port of Virginia handles 1.9 million TEUs each year and is fully prepared to accommodate 10,000+ TEU vessels. Its 50-foot shipping channels are the deepest on the East Coast, offering companies the only East Coast location able to hand post-Panamax vessels as first port of call.
Truly an intermodal gateway, the Port of Virginia provides barge, rail and truck distribution with a 48-hour transit time to Chicago. The port offers connectivity with two Class I railroads as well as an Inland Port and Virginia’s premier interstate system.
The Port of Virginia is an economic engine providing 343,000 port-related jobs across the Commonwealth. Over the last two years numerous companies have announced relocations or expansions related to the Port of Virginia’s world-class capabilities, including Ace Hardware, Albany Industries, Amazon.com, Federal-Mogul, Green Mountain Coffee Roasters, Honeywell, Rubbermaid, and Stihl Inc., to name a few.
To learn more about Virginia’s premier transportation infrastructure and the Port of Virginia, click on the highlighted links.
Virginia Port Authority Vice Chair Jim Boyd (left) signs the Memorandum of Understanding with VEDP Chairman Julien Patterson.
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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