RTI International Metals Inc. Commences Titanium Production at Martinsville Plant

金曜日, 19 10月 2012 13:59 by Info@YesVirginia.org
Last Thursday, RTI International Metals Inc. (RTI) hosted an event celebrating its inaugural production of certified commercial aerospace titanium for Airbus...

Last Thursday, RTI International Metals Inc. (RTI) hosted an event celebrating its inaugural production of certified commercial aerospace titanium for Airbus.

The $135 million forging, grinding and hot rolling manufacturing facility was first announced in 2008. The plant is located at the Patriot Centre, an industrial park jointly developed by Henry County and the City of Martinsville.

While 25 jobs have been created to date, that number is expected to increase as the plant ramps up production. At full capacity the facility can produce 14 million pounds of product annually.

The inaugural production follows 10 months of certification testing to meet the high quality standards of Airbus. The titanium will be used in Airbus’ passenger jets, including the company’s A350 XWB aircraft. As RTI completes additional qualifications, it expects its titanium to be used in an extended number of Airbus programs.

According to RTI Vice Chairman, CEO and President Dawn Hickton, “RTI is the largest North American titanium supplier to Airbus and its parent company, EADS, and this new facility adds an additional link in RTI’s ability to meet their needs across the entire supply chain.”

This project exemplifies the strength of Virginia’s advanced manufacturing capabilities across the Commonwealth. The aerospace industry is taking note as well:  Business Facilities magazine ranked Virginia No. 7 as an Aerospace/Defense Industry Leader in its 2012 State Rankings Report.

More than 230 aerospace companies are located in Virginia and the Commonwealth has received more than $1.5 billion in capital investment for aerospace projects over the last ten years. To learn more, click here.

Governor McDonnell addresses company and local officials at the RTI International Metals event in Martinsville, Va.

RockTenn Hosts Ribbon-Cutting Ceremony for Natural Gas Pipeline

水曜日, 17 10月 2012 16:57 by Info@YesVirginia.org
RockTenn hosted a ribbon-cutting ceremony celebrating the completion of a pipeline supplying natural gas to its mill in West Point, Va...

Last week, RockTenn hosted a ribbon-cutting ceremony celebrating the completion of a pipeline supplying natural gas to its mill in West Point, Va.

RockTenn and Virginia Natural Gas collaborated with Dominion Virginia Power, New Kent County, King William County and the Town of West Point to ensure the project was a success.

The 11-mile pipeline will run along Dominion Virginia Power’s right-of-way and connect Virginia Natural Gas' line in New Kent County to the West Point Mill.

RockTenn is also investing in its West Point Mill to make the facility more efficient and reduce emissions, lessening the mill’s carbon footprint.

The West Point Mill produces containerboard used in the company’s consumer packaging products. In operation since 1914, the mill is the region’s largest employer with a workforce of 550. RockTenn operates facilities across the Commonwealth, including a mill in Hopewell and a converting plant in Henrico County, Va.  

The natural gas pipeline represents a significant improvement in infrastructure, positioning the region for additional growth.

Virginia is home to more than 6,000 manufacturing establishments. To find out why manufacturers have invested more than $13.8 billion in the Commonwealth over the last decade, click here.

Carrie Roth (center), Deputy Secretary of Commerce and Trade, is joined by company, local and regional officials at the RockTenn West Point Mill ribbon-cutting ceremony.

Virginia Beach Hosts 2012 AWEA Offshore Wind Conference

月曜日, 15 10月 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.

CCAM Member Company Sponsors Seminar for Virginia’s Engineering Students

金曜日, 12 10月 2012 09:32 by Info@YesVirginia.org
Chromalloy, one of seven Organizing Members of the Commonwealth Center for Advanced Manufacturing (CCAM), announced its sponsorship of an industrial casting seminar for Virginia State University students. Chromalloy is a leading supplier of repairs, replacements parts and maintenance for gas turbines used in the aviation industry...

Chromalloy, one of seven Organizing Members of the Commonwealth Center for Advanced Manufacturing (CCAM), announced its sponsorship of an industrial casting seminar for Virginia State University students. Chromalloy is a leading supplier of repairs, replacements parts and maintenance for gas turbines used in the aviation industry.

This program is one of the first educational initiatives launched through CCAM, an applied research center that partners top Virginia universities with leading Virginia manufacturers.

The three-day seminar is designed to educate engineering students on the latest techniques used in the casting manufacturing process. VSU students will learn a variety of processes, including wax injection and the assembly of molds, investment, pouring, and final part finishing, as well as proprietary processes developed by Chromalloy.

Located on Rolls-Royce’s Crosspointe Campus in Prince George County, Va., CCAM represents a public-private collaboration offering faster commercialization of technologies for Virginia companies and enhanced educational opportunities for Virginia’s students. Research partners include Virginia State University, University of Virginia and Virginia Tech, and manufacturing partners include Canon Virginia Inc., Newport News Shipbuilding, Rolls-Royce, Sandvik Coromant, Siemens, and Sulzer Metco.

CCAM is one example of Virginia’s commitment to innovation. Home to 11 Federally Funded R&D Centers and 19 Federal Laboratory Consortium (FLC) Laboratories, including DARPA and NASA Langley Research Center, click here to learn why companies continue to select the Commonwealth as a leader in technology.

AREVA Opens U.S. Technical Center in Campbell County, Virginia

金曜日, 5 10月 2012 11:29 by Info@YesVirginia.org
AREVA, a leader in nuclear and sustainable energy, celebrated the ribbon cutting of the new AREVA U.S. Technical Center this September. The center, located in Campbell County, Va., opens just seven months after the company broke ground on the project which brings a $7 million capital investment.

AREVA, a leader in nuclear and sustainable energy, celebrated the ribbon cutting of the new AREVA U.S. Technical Center this September. The center, located in Campbell County, Va., opens just seven months after the company broke ground on the project which brings a $7 million capital investment.

The U.S. Technical Center will add to AREVA’s existing Solutions Complex, the largest collection of nuclear testing and service offerings in the U.S. The state-of-the-art U.S. Technical Center offers full-service nuclear safety testing, including a seismic analysis laboratory, environmental chambers, metallurgic and chemical labs, and industrial ovens.

AREVA provides customized solutions for efficient low-carbon power generation, which allow electric utilities to adapt quickly to new and changing regulations.

Home to a highly skilled and well educated workforce, Virginia has the personnel needed to fuel AREVA’s continued growth. In fact, Virginia companies employ the one of the highest concentration of doctoral scientist and engineers in the country.

Virginia’s ideal combination of abundant natural resources, excellent location for global access, and strong workforce draw energy leaders like AREVA and helps establish the Commonwealth as the Energy Capital of the East Coast.

To learn more about Virginia’s top workforce and leading role as Energy Capital of the East Coast click here.

McKesson Announces Third Distribution Center in Virginia

水曜日, 26 9月 2012 14:19 by Info@YesVirginia.org
This week, McKesson Corp. announced its third distribution center in the Commonwealth. The Frederick County project is expected to bring a $36.9 million investment and 205 new jobs to the region...

This week, McKesson Corp. announced its third distribution center in the Commonwealth. The Frederick County project is expected to bring a $36.9 million investment and 205 new jobs to the region.

Ranked No. 14 on the Fortune 500, McKesson is the largest pharmaceutical wholesaler in North America, delivering one-third of the medicines used each day.

The company plans to establish a 450,000-square-foot, build-to-suit distribution center in Frederick County for its Medical-Surgical business unit. Henrico County is already home to McKesson’s Medical-Surgical divisional headquarters as well as a distribution center.

This announcement is a strong follow-up to a project completed earlier this year. In April, McKesson celebrated the grand opening of its state-of-the-art distribution center in Caroline County. 

McKesson continues to choose Virginia for its strategic location and proximity to customers along the East Coast. With six major highways and the third largest state-maintained transportation network in the country, Virginia allows companies to improve their supply chain efficiency.

Over the last 10 years, global logistics companies have announced more than 360 projects in Virginia, totaling more than $1.6 billion in capital investment. To learn more about Virginia’s world-class logistics infrastructure, click here.

Fulcrum Concepts Breaks Ground on Headquarters in Virginia’s King and Queen County

金曜日, 21 9月 2012 09:12 by Info@YesVirginia.org
Fulcrum Concepts recently hosted a ground-breaking ceremony for its new headquarters location at the Middle Peninsula Regional Airport in King and Queen County, Va. Initially announced in January 2012, the project is expected to bring a $4.6 million investment and 31 new jobs to the region...

Fulcrum Concepts recently hosted a ground-breaking ceremony for its new headquarters location at the Middle Peninsula Regional Airport in King and Queen County, Va. Initially announced in January 2012, the project is expected to bring a $4.6 million investment and 31 new jobs to the region.

Founded in Virginia by three veterans in 2008, Fulcrum Concepts provides intelligence, surveillance and reconnaissance (ISR) training to integrate air, ground and intelligence assets. The company’s military and civilian customers include the Department of Defense, Homeland Security and various law enforcement groups.

The location at Middle Peninsula Regional Airport was selected as it offered the right balance of security with access to military-trained personnel from the Hampton Roads region. Each year, about 18,000 people exit Virginia military bases and enter the civilian workforce, providing a steady pipeline of skilled workers. 

In addition, Virginia’s position as a technology leader is well established—the Commonwealth provides companies with the highest concentration of high-tech workers, according to Cyberstates 2011.

Speaking about the benefits of Middle Peninsula Regional Airport, Managing Member of Fulcrum Concepts Michael Zinanni stated, “The airport has come under outstanding professional management, enhanced airport service and navigational aid improvement, and significant infrastructure improvements to include a runway and taxiway resurface able to accommodate a wide variety of aircraft. The vision for growth is in line with our desire to bring top quality professional service to our customers and community.”

Virginia continues to attract aerospace companies, bringing more than $1.5 billion in investment to the Commonwealth over the last 10 years. To learn why more than 230 aerospace companies call Virginia home, click here.

Lieutenant Governor Bill Bolling (center) is joined by company and local officials at the Fulcrum Concepts ground-breaking ceremony in King and Queen County, Va.

Virginia’s Mid-Atlantic Regional Spaceport Gets Closer to Launch Dates

木曜日, 20 9月 2012 09:54 by Info@YesVirginia.org
Virginia Commercial Space Flight Authority (VCSFA) and Orbital Sciences Corporation recently signed a second Memorandum of Understanding, outlining their partnership to develop and improve the liquid-fuel-capable launch facility at Virginia’s Mid-Atlantic Regional Spaceport (MARS)...

Virginia Commercial Space Flight Authority (VCSFA) and Orbital Sciences Corporation recently signed a second Memorandum of Understanding, outlining their partnership to develop and improve the liquid-fuel-capable launch facility at Virginia’s Mid-Atlantic Regional Spaceport (MARS).

This public-private partnership indicates Virginia is at the forefront of the latest developments in aerospace—the growth of the commercial space sector. Virginia’s space industry is substantial, currently delivering $7.6 billion in economic output and supporting 28,110 jobs, according to a recent press release from Governor McDonnell.

Over the next few years, Orbital plans to utilize the MARS launch pad for eight cargo resupply missions to the International Space Station as part of its Antares rocket program. Orbital will also use the facility for test and demonstration flights.

Located at the NASA Wallops Flight Facility on Virginia’s Eastern Shore, MARS currently operates two launch pads, one for liquid fuel vehicles and one for solid fuel vehicles. Its full service capabilities and designation as both an Enterprise Zone and Foreign Trade Zone provides commercial, government, scientific and academic customers with low-cost access to space.

MARS is one of only four commercial sites authorized by the FAA for orbital space launches. In addition, MARS offers a low-risk trajectory over the Atlantic Ocean and optimal access to the orbit of the International Space Station.

To learn more about MARS and other facilities that make up Virginia’s burgeoning aerospace industry, click here.

Carded Graphics Continues Growth Trajectory in Staunton, Va.

金曜日, 14 9月 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.

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

Release Reels — An Entrepreneur’s Journey from Biking to Fishing

Thursday, 14 May 2015 09:50 by Info@YesVirginia.org
After a hectic career traveling all over the U.S. and Europe as a professional cyclist, all Wes Seigler wanted to do after retiring as an athlete was to relax at his parent’s home in Reedville, Va., and fish every day like he did as a kid...

After a hectic career traveling all over the U.S. and Europe as a professional cyclist,  all Wes Seigler wanted to do after retiring as an athlete was to relax at his parent’s home in Reedville, Va., and fish every day like he did as a kid.

While fishing on the Chesapeake Bay and offshore Virginia, Seigler and his friends soon encountered problems with the performance of the reels they were using. Drawing upon his experience perfecting his own bike gearing and after encouragement from contacts in the cycling industry, Seigler decided to design his own product.

Release Reels was established in 2009. Seigler quickly found himself in the world of POs, RFQs and SKUs and learning what it all meant on the go. He initially started manufacturing in China, but found his intellectual property was leaking into competitors’ products and decided to bring back the manufacturing stateside.

Release Reels makes premium saltwater fishing reels, and the tolerances are very high. The product has to perform perfectly and look sharp. In order to make sure the machining was spot on, he decided to manufacture it himself. Upon being told he couldn’t compete with Asia, Seigler responded, “We can, we just gotta be willing to work.”

The company now operates nine CNC machines and has 10 full-time employees. 100% of the assembly and machining is done in Virginia and 100% of the component parts are made in the U.S. Seigler sources specialty bearings from Florida, gears and springs from Wisconsin and screws from San Diego, all to ensure the product is made in the USA.

“We have to win all categories — that’s the mentality of our company,” said Seigler. Release Reels products outperform in every class — they are smaller and more powerful, while weighing less.

The company also maintains a lifetime warranty on all its products, which no one else in the industry does. “If you purchase a product, I believe you should be able to call somebody and talk to them,” remarked Seigler. “We can fix it inexpensively, since we do all the machining in-house. Customers love the interaction and that carries into their next purchase.”

Release Reels also works with Rappahannock Community College and hires interns with an interest in machining as a career. “Giving a chance to somebody that might not be university bound has been pretty cool. Manufacturing is not what it used to be, it’s technology driven. We run a clean shop and it’s a great environment where people can learn a lot,” said Seigler.

The company’s high standards and customer service have paid off. After beginning with production of 100 reels per month, the company is now selling almost 600 reels per month and building the infrastructure to grow beyond that. They have also expanded into international markets from Europe to Southeast Asia.  

“The international market is huge for us,” noted Seigler. “People love an American-made product. Japan has a large fishing industry with some of the top shops in the world there. Being accepted by those customers is a strong statement for the quality of our products.”

As we celebrate Virginia Business Appreciation Month, Release Reels is a great example of the innovation and entrepreneurial spirit alive in the Commonwealth. To learn more why Virginia is a great place to grow a business, click here.

Release Reels Founder and President Wes Seigler demonstrates the company’s premium saltwater fishing reels for a future customer. Photo courtesy of Release Reels.

NCS Technologies — A Case Study of Innovation During Sequestration

Thursday, 7 May 2015 10:33 by Info@YesVirginia.org
Founded in Northern Virginia in 1996, NCS Technologies made a name for itself as a nimble and responsive small business computer manufacturer and supplier to state and federal agencies, the military, the intelligence community and commercial markets. The company operates out of a modern campus in Gainesville...

Founded in Northern Virginia in 1996, NCS Technologies made a name for itself as a nimble and responsive small business computer manufacturer and supplier to state and federal agencies, the military, the intelligence community and commercial markets. The company operates out of a modern campus in Gainesville.

The company’s products include commercial-off-the-shelf laptops and desktops for offices and schools, high-performance servers for corporate networks, and rugged tablet computers and servers for the military. Over the years, much of the company’s business depended on government.

Like many companies that found a niche serving federal agencies, the impact of sequestration created significant challenges. However, as with all great companies, NCS was able to turn those challenges into opportunities and come out successfully on the other side.

NCS has bounced back to its full pre-sequestration workforce and used the opportunity to diversify its customer base. The company realized that its experience delivering advanced computing products and services to highly demanding government customers could be translated into innovative new products for other growing markets, including healthcare, advanced manufacturing, banking and financial services.

The company kept innovating during the economic downturn and developed the industry’s only zero client laptop. Zero client computers have no operating system or data stored locally. Everything is virtually saved in the cloud, making the data more secure in the event the computer is hacked, lost or stolen.

While global competitors have developed zero client desktops, NCS Technologies is the only company able to master the engineering challenges to fit those capabilities, including patented Wi-Fi capability, into a mobile laptop product.

“Our employees are our greatest investment in innovation,” said John Callahan, vice president of marketing. “They are truly knowledge workers, including electrical engineers, sales representatives, program managers, financial analysts, highly trained assembly-line associates, technical support and customer service employees. Prince William County and surrounding Northern Virginia offers us that range of workforce that helps us excel in a complex, ultra-competitive environment.”

As part of Virginia Business Appreciation Month, NCS Technologies represents the high-growth industry and technological innovation that is alive and well in the Commonwealth. To learn why companies have found success in Virginia for more than 400 years, click here.

The Cirrus LT from NCS Technologies is the world’s first mobile zero client laptop computer. Photo courtesy of NCS Technologies.

 

 

Highground Services — A Successful Graduate of the Franklin Business Incubator

Friday, 1 May 2015 09:34 by Info@YesVirginia.org
John Warren and James Strozier, two former International Paper employees, put their experience together and became entrepreneurs when they created Highground Services in 2006. They co-founded the company with their wives, allowing it to qualify as a veteran-owned, SWAM (small, women-owned and minority) business...

John Warren and James Strozier, two former International Paper employees, put their experience together and became entrepreneurs when they created Highground Services in 2006. They co-founded the company with their wives, allowing it to qualify as a veteran-owned, SWAM (small, women-owned and minority) business.

The company provides high quality engineering services for process control, system automation and instrumentation projects.

The company was off to a fast start — they landed their first contract with International Paper in May 2007 and became a part of the Franklin Business Incubator that December.

When International Paper announced the closing of its Franklin Mill in 2009, this represented a substantial part of Highground Services’ sales.

Rather than be discouraged by the economic downturn and loss of their largest customer, Warren and Strozier seized the opportunity to hire displaced International Paper workers and expand their customer base. They also diversified their business by providing new services, including electrical construction and plant maintenance.

“We made a conscious decision to locate in a historically underutilized business zone and we really value being a part of this community,” said CEO James Strozier. “Our employees are tremendous and they worked tirelessly to help us not only survive, but thrive in what could have been a very challenging time.”

The company’s efforts have paid off in multiple ways. They received the Virginia Business Incubation Association's Donna Noble Incubator Client Award in 2009, UVA’s Darden School of Business Tayloe Murphy Resilience Awards in 2011 and the Franklin/Southampton Chamber of Commerce Business of the Year Award in 2010.

Highground Services has surpassed the $5 million revenue mark for the third straight year, and grown from four founders to 65 employees. The company is also poised to graduate from the Franklin Business Incubator and is in the process of purchasing a building across the street in downtown Franklin.

The entrepreneurial spirit and resiliency of Highground Services is a great reminder of the innovation that exists here in the Commonwealth as we celebrate Virginia Business Appreciation Month. To learn why Virginia offers the resources for entrepreneurs to start and grow their businesses, click here.

Co-founders Jim and Lisa Strozier (center) are joined by local officials in front of their new property in downtown Franklin, Va.

Shenandoah Valley Partnership Launches inDEMAND Jobs Site

Tuesday, 21 April 2015 10:28 by Info@YesVirginia.org
The Shenandoah Valley Partnership is partnering with WHSV-TV3 news to launch an educational campaign called “inDEMAND Local Career Opportunities...

The Shenandoah Valley Partnership is partnering with WHSV-TV3 news to launch an educational campaign called “inDEMAND Local Career Opportunities.”

The purpose of inDemand is to increase awareness about high-paying career opportunities in high-growth industries where there is a substantial demand for a qualified workforce. With the cost of higher education a concern for many families, this campaign will highlight rewarding jobs that require some additional training, but not a full four-year degree. 

Through linkage with Dream It, Do It — Virginia, the campaign will help both students and current employees match their career aspirations with programs and certifications offered through the Virginia Community College System, Career and Technical Education Centers, and four-year colleges and universities.

WHSV-TV3 is currently filming a series of three minute videos featuring 26 different careers that will be posted on their site at http://www.whsv.com/indemand. Governor McAuliffe kicked off the campaign earlier this month and his interview is included on the site.

The first video focused on high demand in the welding industry. Training to become a welder takes about six months and companies in the Shenandoah Valley are projected to hire 180 welders over the next 10 years.

Upcoming videos will discuss local demand for employees in the software development, mechatronics, accounting and trucking industries, to name just a few.

The Shenandoah Valley’s inDemand campaign highlights the premier workforce training programs that exist across the Commonwealth. To learn how Virginia is keeping its workforce up-to-date on the latest technology through its 15 public universities, 45 private institutions and 23 community colleges, click here.

Virginia Makes a Strong Showing on Kiplinger’s 2015 Best College Values List

Friday, 17 April 2015 16:00 by Info@YesVirginia.org
Virginia universities made a strong showing on Kiplinger’s annual Best Colleges list, all the more important in the current environment where finding a quality education at an affordable price has become increasingly challenging...

Virginia universities made a strong showing on Kiplinger’s annual Best Colleges list, all the more important in the current environment where finding a quality education at an affordable price has become increasingly challenging.

In the public categories list, University of Virginia was ranked No. 2, The College of William and Mary No. 5, James Madison University No. 29, Virginia Tech No. 35, Christopher Newport University No. 83, and University of Mary Washington was No. 84.

For the liberal arts category, Washington and Lee University received a No. 2 ranking, University of Richmond No. 10, and Christendom College was No. 57.

To calculate the rankings, the editors at Kiplinger looked at a number of metrics used to determine both quality and value. The list was drawn from more than 1,200 four-year higher education institutions across the U.S.

Quality was measured through admission rates, test scores of incoming freshman, freshman retention, students per faculty and four-year graduation rates.

Value was calculated by looking at the overall cost of education, the amount of need-based and non-need-based aid, the percentage of need met and student debt at graduation.

Virginia’s strong rankings in both the public and liberal arts categories show the breadth of the Commonwealth’s premier education offerings. Virginia has more than 575,000 students enrolled in 230 campuses across the state ensuring the workforce of tomorrow is prepared to meet industry needs. To learn more click here.

A view of the Rotunda at the University of Virginia. Photo courtesy of UVA and Cassidy Girvin.

VEDP and CCAM Receive Achievement in Innovation Award from Business Facilities Magazine

Tuesday, 14 April 2015 17:07 by Info@YesVirginia.org
Business Facilities magazine recently announced its 2015 Economic Development Awards and VEDP was a recipient of one of five Achievement in Innovation Awards for the Commonwealth Center for Advanced Manufacturing...

Business Facilities magazine recently announced its 2015 Economic Development Awards and VEDP was a recipient of one of five Achievement in Innovation Awards for the Commonwealth Center for Advanced Manufacturing.

The Business Facilities article mentioned how difficult it was to narrow down candidates this year because best practices are being implemented across the country, making CCAM’s recognition all the more meaningful.                                                          

According to the Business Facilities’ editorial staff, “The states that are ahead of the curve have developed innovation hubs for targeted growth sectors and created an environment that makes their locations fertile ground for emerging businesses. This year, we’re focusing our spotlight on five programs that have exhibited consistent excellence in the development of innovation hubs and three successful initiatives targeting entrepreneurs.”

CCAM is an applied research center that brings together Virginia’s leading manufacturing companies and educational institutions to turn research into real-world technologies and solutions. It operates out of a 62,000-square-foot facility located adjacent to the 1,000-acre Rolls-Royce Crosspointe Campus in Prince George County, Va.

CCAM is focused on advancing and commercializing manufacturing technologies in six key areas — surface engineering, manufacturing systems, machining technologies, welding, additive manufacturing and composite materials.

Operating as a public-private partnership, its roster is made up of five university members and 33 corporate and industry members, including globally recognized leaders Aerojet Rocketdyne, Airbus, Alcoa, Canon, Chromalloy, NASA, Newport News Shipbuilding, Oerlikon Metco, Rolls-Royce, Sandvik Coromant and Siemens.

This award highlights what the more than 5,600 manufacturing companies located in Virginia already know — that the Commonwealth is a hub of advanced manufacturing and offers companies the innovative environment to grow. To learn more click here.

A view of CCAM, adjacent to Rolls-Royce’s Crosspointe Campus, in Prince George County, Va.

VEDP’s Advertising Agency Wins Best in Show for Stone Brewing Kit

Monday, 13 April 2015 15:27 by Info@YesVirginia.org
We at VEDP are proud to congratulate our advertising agency, Elevation, for winning Best in Show in the Promotional Design & Advertising category at the Richmond Ad Club’s annual awards show...

We at VEDP are proud to congratulate our advertising agency, Elevation, for winning Best in Show in the Promotional Design & Advertising category at the Richmond Ad Club’s annual awards show.

Elevation helped us develop a unique presentation for the executive team at Stone Brewing Co. as part of our marketing process to win their East Coast location for Virginia.

During a meeting among Stone Brewing Co., the Governor, his administration, and other key members of the Virginia marketing team, VEDP organized a surprise visit from a character actor portraying Thomas Jefferson.

Agriculture was one of Jefferson’s greatest passions, and at Monticello he grew the ingredients to make his own ale, continuing Virginia’s more than 400-year brewing legacy.

Elevation developed a script for Jefferson to describe Virginia’s plentiful natural resources that would make an excellent home for Stone Brewing’s East Coast location. They also developed a kit filled with Virginia brewing ingredients for Jefferson to present to the Stone executive team — pure Virginia water, wheat, hops and molasses.

As everyone knows, the pitch was successful and Stone Brewing announced their plans to invest $74 million to construct a brewery, packaging hall, restaurant, gardens, retail store and offices in Richmond this past fall.

Virginia successfully competed against more than 20 states, and winning this competitive project from the country’s 10th largest craft brewing company has furthered the Commonwealth’s position as a serious player in the craft beer industry.

Food and beverage companies continue to find Virginia has the recipe for success. To learn why food processing companies have invested more than $2.1 billion in Virginia since 2004, click here.

An actor portraying Thomas Jefferson holds the Stone Brewing kit for a marketing presentation that won Best in Show at the Richmond Ad Club awards.

Magnets USA Celebrates 25 Years and a New Facility in Virginia

Friday, 27 March 2015 16:57 by Info@YesVirginia.org
Magnets USA recently celebrated 25 years in the Roanoke Valley region of Virginia. The company also hosted a ribbon-cutting ceremony for its new building in Vinton, Va...

Magnets USA recently celebrated 25 years in the Roanoke Valley region of Virginia. The company also hosted a ribbon-cutting ceremony for its new building in Vinton, Va.

Magnets USA moved from nearby Roanoke City into the former Grumman Fire Truck Corp. location, a newly-renovated, climate-controlled, 45,000-square-foot building. The grand opening event featured fire trucks previously manufactured at the Grumman building to commemorate its history.

The new facility will provide 70 percent more production space and allow the company to add 25 new jobs to its current workforce of 60. VEDP’s Virginia Jobs Investment Program is assisting the company with training funds for the new jobs.

Founded in 1990, the company began selling adhesive materials that magnetized business cards. Today, Magnets USA produces more than 20 million magnetized marketing products each year, including calendars, sports and event schedules, banners and business cards. 

Virginia’s premier business environment has allowed the company to successfully expand its customer base to include the real estate market, Chicago Bears, Salem Red Sox, Kid Rock Enterprises, Burning Man, Floyd Fest, the American Quilter’s Society and local schools.

Magnets USA has also worked with VEDP’s international trade team to increase global sales. The company currently exports to Canada, Mexico and the Caribbean.

The company’s history and success in Virginia is another example of the pro-business environment and resources the Commonwealth provides for growing companies. To learn more, click here.

The Magnets USA team prepares to cut the ribbon at the company’s grand opening ceremony for its renovated facility in Vinton, Va. Photo courtesy of Magnets USA.

Fort Lee Hosts the 40th Annual Military Culinary Arts Competitive Training Event

Tuesday, 10 March 2015 17:28 by Info@YesVirginia.org
Once again, the annual military culinary competition comes to Fort Lee, Va. from March 7-12. During this week, members of all the U.S. armed forces and military personnel from other countries compete in individual and team events to show their culinary expertise...

Once again, the annual military culinary competition comes to Fort Lee, Va., from March 7-12. During this week, members of all the U.S. armed forces and military personnel from other countries compete in individual and team events to show their culinary expertise.

Fort Lee is a perfect fit for the competition — it’s home to the Joint Culinary Center of Excellence, which provides basic and advanced food service training for all branches of the U.S. Armed Forces, as well as some ally countries.

Members of VEDP and the Virginia Gateway Region attended the event yesterday, where the table displays were built by the U.S Army Reserve. The whimsical presentations, all made out of food, included themes based on the Wizard of Oz, notable landmarks in Paris, a lady from a masquerade ball, and a Spanish-influenced chocolate bull and matador.   

The Hot Kitchen Competition included the use of Mobile Kitchen Trailers to make a gourmet, three-course meal. The meal was all the more impressive considering the trailers are meant to be used out in the field in forward movement scenarios, and usually involve heating a pre-made meal for 50-100 soldiers.

There were numerous live cooking competitions, all judged by members of the American Culinary Federation. This allows awards to be easily translated into certificates and recognized outside of the military environment, which is important for members who later pursue a culinary career in the private sector.

One of the live cooking demos included renowned chef Robert Irvine, from the Food Network show “Restaurant: Impossible.”  Robert entertained with cooking tips and joked with the many military personnel in attendance. Robert is very familiar with the impact of providing a well-cooked meal in military environments. Not only is he a former soldier, but he visits military bases around to world to cook and entertain the troops.

The importance of the event was captured by Chief Foreign Officer 3, Charles Talley Jr., “It’s great to have the opportunity to see the crop of young chefs and see their culinary evolution from day one at Fort Lee. Food involves passion, innovation, creativity and sustainment. Our food service impacts the morale of military teams during peace and wartime.”

Fort Lee’s Joint Culinary Center of Excellence and its Military Culinary Arts Competitive Training Event illustrate Virginia’s position at the center of the food industry. Food processing is one of Virginia’s largest manufacturing areas. To learn why more than 580 companies have located in the Commonwealth, click here.

Virginia BioTechnology Research Park Expands Its Reach Across Virginia

Wednesday, 25 February 2015 14:28 by Info@YesVirginia.org
The Virginia BioTechnology Research Park is at full capacity, but is still expanding its reach in the Richmond community and across the Commonwealth...

The Virginia BioTechnology Research Park is at full capacity, but is still expanding its reach in the Richmond community and across the Commonwealth.

Since its founding in 1992, the Virginia BioTechnology Research Park has grown to include seven buildings on 34 acres in the heart of Richmond. This represents 1.3 million square feet of space next to the VCU Medical Center, a Top 100 life sciences research center.

The park is currently home to nearly 60 life science companies, employing more than 2,300 scientists, engineers and researchers in the Central Virginia region.

The company’s most recent physical expansion occurred last spring on its Biotech 8 building, occupied by HDL Inc., which started up in the Biotech Center. Future expansion opportunities are available on two sites in the park.

According to Executive Director Carrie Roth, “Building on the urban renewal component of the research park, to be successful we need to focus on the process not the place through infrastructure for entrepreneurial, innovation and commercialization success. We’re repositioning the park and removing our borders to define it as a part of the larger, integrated knowledge-based life sciences community.”

To that end, the park is inviting outsiders in and opening up its shared lab. The lab has equipment donated by Altria in addition to purchased equipment, including a biosafety cabinet, CO2 incubator, inverted microscope and centrifuges. This allows early stage companies access to the equipment by renting benches on a monthly basis or purchasing a daily pass to the lab. In addition, access to the shared lab equipment helps those seeking grants by being able to include this on their application.

The management team is also engaging with partners across the region. For example, the Dominion Resources Innovation Center in Ashland provides mentoring and business support services to technology-based start-ups. The team at the Virginia BioTechnology Research Park has re-engaged its partnership with the innovation center and plans are in motion to move it closer uring jobs of today are very different from what manufacturing jobs in the past may have entailed. Virginia’s advanced manufacturing takes place in a clean, safe environment and requires high skill and high levels of education. Manual labor has largely been replaced with automation. An advanced manufacturing career today often involves managing the technical process to improve efficiencies and product throughput. The work is interesting and employees are rewarded with a competitive salary.

The Dream It, Do It – Virginia website provides a number of valuable tools for investigating a career in the Commonwealth’s advanced manufacturing industry. It allows students to assess their interests and skills to determine an area of focus, as well as view the educational requirements and career track for that specialty. You can also watch the recent Dream It, Do It – Virginia Third Wednesday Webinar by clicking here.

Businesses in the Commonwealth praise the experience and dedication of their Virginia workforce as one of their prime factors for success. Dream It, Do It – Virginia is one example of the many educational groups across the Commonwealth ensuring that Virginia’s workforce has the skills and training to match industry demand. To learn more, click here.

Students get hands on experience at one of the Manufacturing Technology Camps at the Southern Virginia Higher Education Center in Halifax County, Va. Photo courtesy of Halifax County Industrial Development Authority.

VSU Small Farm Outreach Program Helps Sabra Grow First Crop of Chickpeas in Virginia

Wednesday, 30 July 2014 09:05 by Info@YesVirginia.org
It’s harvest time and good news for Sabra Dipping Co. Virginia State University’s College of Agriculture is about to gather one of Virginia’s first ever crop of chickpeas...

It’s harvest time and good news for Sabra Dipping Co. Virginia State University’s College of Agriculture is about to gather one of Virginia’s first crop of chickpeas.

Sabra has partnered with VSU to research the possibility of sourcing chickpeas, the main ingredient in its top-selling hummus, closer to the company’s 49-acre campus in Chesterfield County. Sabra is the No. 1 brand of hummus in the U.S. and has established both a manufacturing operation and R&D Center of Excellence on its campus at Ruffin Mill Industrial Park in Chesterfield County.

Sabra first announced plans to establish a facility in Virginia in November 2008. Part of the company’s decision to locate in Chesterfield County was the proximity to VSU’s College of Agriculture. “During the company’s decision-making process, we arranged several meetings with the College of Agriculture to explore opportunities to grow chickpeas in Virginia and enhance the profitability of the company,” said Renee Chapline, president and CEO at Virginia Gateway Region.

Over the last two years, Sabra and VSU have implemented Dr. Harbans Bhardwaj’s chickpea research through the university’s Small Farms Outreach Program. Cliff Somerville, a VSU Small Farm Outreach agent, has worked with a number of farms across Virginia to test the growth of different varieties of chickpeas.

According to Somerville, while last year’s crops were largely a washout due to weather conditions (excessive rain) and a problem with worms, VSU and Sabra discovered that one type of chickpea seed worked well in Virginia — the “Billy Bean” variety.

This year, VSU only planted the “Billy Bean” variety and Somerville supervised one of those test sites – three acres on a farm in Halifax County.

“The plants got up to around 30 inches and it’s a good population with about 32-34 pods per stalk,” said Somerville. “It’s a successful crop. We’ve done a test run with the combine to check moisture levels, and we’re getting ready to do a full harvest in the next week or so. This will be one of the first crops of chickpeas grown in Virginia.”

The success of Virginia’s first group of chickpea crops has the potential to be a win-win for both Sabra and Virginia farmers. It would allow Sabra to shorten its supply chain and reduce risk by sourcing one of its main ingredients closer to the company’s manufacturing facility. It also would provide diversification for Virginia farmers, particularly those in the tobacco region.

To learn about Virginia’s plentiful resources, and how the Commonwealth’s higher education institutions partner with businesses to innovate, click here.

VSU Small  Farm Outreach agents Cliff Somerville and Derrick Cladd, program director William Crutchfield and cooperating farmer Mr. James Brown (left to right) examine plants in Halifax County, part of Virginia’s first successful group of chickpea crops. Photo courtesy of Virginia State University.

Richmond, Hampton Roads and Charlottesville are Top Happiest Metro Areas in the U.S.

Friday, 25 July 2014 15:53 by Info@YesVirginia.org
Richmond/Petersburg was ranked No. 1 and Hampton Roads (Norfolk/Virginia Beach/Newport News) was ranked No. 2 on the National Bureau of Economic Research list of Top 10 Happiest Metropolitan Areas with a Population Greater Than One Million. Charlottesville was ranked No. 1 as the U.S. Metropolitan Area with the Highest Reported Happiness...

Richmond/Petersburg was ranked No. 1 and Hampton Roads (Norfolk/Virginia Beach/Newport News) was ranked No. 2 on the National Bureau of Economic Research list of Top 10 Happiest Metropolitan Areas with a Population Greater Than One Million. Charlottesville was ranked No. 1 as the U.S. Metropolitan Area with the Highest Reported Happiness.

Economists at Harvard University and the University of British Columbia published a working paper called “Unhappy Cities” through the National Bureau of Economic Research. NBER is the nation’s leading nonprofit economic research organization, with more than 1,300 economics and business professors teaching across North America.

The authors of the study, Edward Glaeser, Joshua Gottlieb and Oren Ziv, used the Behavioral Risk Factor Surveillance System, a self-reported study on happiness conducted by the CDC, as their primary data source. Because the BRFSS data reports the county where a respondent lives, the authors were able to link responses with location.

They then performed a series of regression analyses to control for individual factors, such as education, income and race, to come up with an adjusted life satisfaction estimate for each MSA.

The authors discovered there is indeed a correlation between happiness and location. They also found that self-reported unhappiness is highest in declining cities, areas linked with lower levels of population and income growth.

It comes as no surprise that multiple regions in Virginia received top marks in this study. With more than 400 years of rich history, the Commonwealth offers employers and citizens an affordable cost of living, access to parks and natural resources ranging from the mountains to the ocean, and recreational opportunities from historical sites to modern sports, entertainment and cultural venues. To learn why reports like this give Virginia a top ranking on quality of life, click here.

A map of the U.S. which shows each metropolitan and rural areas' adjusted life satisfaction. Photo courtesy of the University of British Columbia.

Pollina Awards Virginia Another Top Pro-Business State Ranking

Tuesday, 15 July 2014 10:40 by Info@YesVirginia.org
Once again, Virginia received a leading ranking on Pollina Corporate Real Estate’s Top 10 Pro-Business States 2014 report. The Commonwealth was ranked fourth, taking the same slot as last year. Virginia has consistently received top marks in this report, taking one of the top two spots from 2005-2012...

Once again, Virginia received a leading ranking on Pollina Corporate Real Estate’s Top 10 Pro-Business States 2014 report.

The Commonwealth was ranked fourth, taking the same slot as last year. Virginia has consistently received top marks in this report, taking one of the top three spots from 2005-2012.

“Clearly a national leader in the 11 years of this study, no other state comes close to Virginia when it comes to being a consistent pro-business state,” said Brent Pollina, vice president of Pollina Corporate Real Estate, Inc. and co-author of the study.

Virginia was the top ranked state on the East Coast this year and has received an overall grade of “A” in each of the last five years.

“Virginia has consistently remained at the top of the list because Virginia’s state and local leaders are innovative and aggressive in attracting and retaining jobs and investment. Key to Virginia’s success is its ability to balance low taxes, a good labor force and a strong economic development program. With a Stage I rank of No. 6 and a Stage II rank of No. 3, Virginia has one of the most well-rounded business climates in the nation,” added Pollina.

The ranking is based on 32 factors controlled at the state level, including taxes, human resources, right-to-work legislation, energy costs, infrastructure spending, workers' compensation legislation, jobs gained, financial incentives and state economic development evaluations. The report was co-published with the American Economic Development Institute.

The ranking also reflected positively at the agency level of economic development. Virginia received an “A” in both incentives and marketing/website/response to new and existing employers.

As the report alluded to — consistency is key. Corporations making large investment and employment decisions want to feel confident that the location they select will maintain its positive attributes years down the line. The Commonwealth’s solid track record and stellar resources make it easy for companies to say “Yes” to Virginia. To learn more, click here.

Photo courtesy of the Virginia Department of Transportation.

Orbital Sciences Completes Second Launch to the International Space Station

Monday, 14 July 2014 15:33 by Info@YesVirginia.org
Yesterday at 12:52 p.m., Orbital Sciences completed its second launch to the International Space Station from Pad-OA of the Mid-Atlantic Regional Spaceport at NASA Wallops Flight Facility on Virginia’s Eastern Shore...

Yesterday at 12:52 p.m., Orbital Sciences completed its second launch to the International Space Station from Pad-OA of the Mid-Atlantic Regional Spaceport at NASA Wallops Flight Facility on Virginia’s Eastern Shore.

The Orb-2 mission is Orbital Sciences’ second of eight resupply missions to the ISS, part of Orbital Sciences’ $1.9 billion Commercial Resupply Service contract with NASA. Orbital Sciences will deliver more than 40,000 pounds of cargo to the ISS through 2016.

The Antares rocket launched the Cygnus spacecraft, carrying more than 3,600 pounds of research materials, hardware, science experiments and provisions for the crew of Expedition 40 aboard the ISS. The experiments include nanosatellites to take images of earth, satellites to allow 3-D mapping and robotic navigation inside the space station, and student projects from the Student Spaceflight Experiment Program.

Cygnus is expected to reach ISS Wednesday morning. Over the next two days Cygnus will complete a series of thruster burns to bring it close to the ISS, at which point the crew will use the ISS robotic arm to grapple and rendezvous with the spacecraft.

Cygnus will remain berthed with ISS for approximately 30 days so that the Expedition 40 crew can unload the cargo and reload it with trash. Upon completion of the mission, Cygnus will be burned up during reentry to Earth’s atmosphere.

Yesterday’s successful second launch to the ISS illustrates Virginia’s continued leadership in the aerospace industry. Through MARS, Virginia is one of only a few sites across the U.S. authorized for orbital space launches. To learn why more than 250 aerospace companies call Virginia home, click here.

Orbital Sciences’ Antares rocket takes off from Pad-OA of MARS at NASA Wallops Flight Facility on its second mission to the International Space Station. Photo courtesy of NASA/Bill Ingalls.

VEDP’s “Business Legacies Begin in Virginia” Video Wins Telly Award

Tuesday, 8 July 2014 14:20 by Info@YesVirginia.org
VEDP’s “Business Legacies Begin in Virginia” video recently won a Bronze Telly Award in the category of Recruitment, part of the larger Film/Video category...

VEDP’s “Business Legacies Begin in Virginia” video recently won a Bronze Telly Award in the category of Recruitment, part of the larger Film/Video category.

Since its founding in 1979, the Telly Awards has been honoring outstanding TV commercials and programs, video and film productions, and online commercials, videos and films.

This year’s 35th Annual Telly Awards has been one of the most competitive, with more than 12,000 entries received from all 50 states, as well as other countries.

The award was presented to VEDP and BES Studios, an agency that helped VEDP produce the video. VEDP also worked with 3 Creative on the project. 

Digital storytelling has become an increasingly important component of the marketing mix in economic development as companies and site selection consultants perform more upfront research online.

“The Business Legacies Begin in Virginia video is an important tool we’ve added to our digital marketing strategy,” said Vince Barnett, VEDP Vice President of Communications & Promotions. “We’re grateful to all our partners across the Commonwealth who helped us by providing video footage and access to film some great shots, and we’re honored to receive this award.”

A list of the corporate, regional and local partners who helped VEDP obtain video footage is displayed in the closing credits.

To view the video, visit VEDP’s website or YouTube channel.

VEDP Welcomes VJIP to the Team

Thursday, 3 July 2014 09:50 by Info@YesVirginia.org
It’s official — at the beginning of our fiscal year, July 1, the Virginia Jobs Investment Program became part of the VEDP team. House bill 932 passed by the Virginia General Assembly in in the spring 2014 special session moved the administration of VJIP to VEDP to further align Virginia’s job incentive programs...

It’s official — at the beginning of our fiscal year, July 1, the Virginia Jobs Investment Program became part of the VEDP team. House bill 932 passed by the Virginia General Assembly in in the spring 2014 special session moved the administration of VJIP to VEDP to further align Virginia’s job incentive programs.

In fiscal year 2014, VJIP was involved in 96 percent of the projects that VEDP completed.

VJIP is the second oldest incentive in the Commonwealth and was established in 1965. According to VJIP interim director Frank Strickler, “This is a homecoming for us. VEDP’s predecessor organization and ours were originally joined under the Department of Economic Development until 1996 when VEDP was formed and we were moved to the Department of Business Assistance. We have worked closely with VEDP’s business expansion and business attraction managers for years, so it’s great to be under one roof again.”

VJIP is charged with marketing and managing a state-funded grant that helps companies train their employees. Companies can qualify for the incentive in any of three categories: new and existing business expansions that create jobs, small businesses that create new jobs, and workforce retraining to upgrade the skills of existing employees.

Due to the flexibility of the three categories, a wide range of companies can qualify for the incentive. VJIP serves both large and small businesses in a variety of industries. VJIP project managers also provide free consulting services to client companies, helping them find solutions for their recruiting and training issues.

The VJIP grant is a performance-driven incentive distributed on a pay-as-you-go basis after each employee has been on the job for more than 90 days. VJIP managers work with the company to develop a training outline and budget, so that the client has skin in the game. Companies can receive up to 50 percent reimbursement for qualified recruiting and training costs. Due to the multiplier effect, the incentive usually nets a 100 percent ROI (return on investment) in six months.

VJIP is one of the longstanding examples of incentives that attract companies to Virginia’s pro-business environment. To learn more about VJIP, click here.

Members of the VJIP team include (back row) Frank Strickler, Tre Akins, (front row) Lea Lofty, Brenda Young and Debbie Melvin. 

Virginia a Top State for Private Equity Investment

Monday, 30 June 2014 15:44 by Info@YesVirginia.org
Virginia was ranked No. 7 for private equity investment in 2013, according to the Private Equity Growth Capital Council’s fourth annual investment report...

Virginia was ranked No. 7 for private equity investment in 2013, according to the Private Equity Growth Capital Council’s fourth annual investment report.

Last year, 66 companies across the Commonwealth received $14.7 billion in private equity investment. Virginia moved up in the rankings from 16th place last year.

This signals that investors see value in Virginia’s entrepreneurs and growing companies. Private equity is typically used as growth capital to fuel expansion, as well as to assist companies in strategic turnaround situations.

“Private equity investment is long-term capital at work,” said Steve Judge, president and CEO of the Private Equity Growth Capital Council. “The companies in states across the country that receive private equity investment are able to expand their businesses, develop new innovations and hire workers, and this report highlights the important contributions of private equity in the U.S. economy.”

Virginia also saw two congressional districts break the top 20 in private equity investment. Virginia’s 4th Congressional District received $4.7 billion and Virginia’s 11th Congressional District received $4.5 billion. China-based W.H. Group’s acquisition of Smithfield Foods Inc. represents a majority of District 4's investment.

According to the PEGCC report, private equity firms have invested $129.1 billion in Virginia-based companies from 2004-2013. The report further states that there are 568 private equity-backed companies headquartered in the Commonwealth, which support more than 309,570 jobs at facilities both in and out of state.

The ability of Virginia companies to attract this amount of private equity investment is another testament to the level of innovation and success that entrepreneurs find when they locate their businesses in the Commonwealth. To learn why Virginia is a top state for business and investment, click here.

Photo courtesy of Private Equity Growth Capital Council

Virginia Receives an A+ for Small Business Friendliness

Tuesday, 17 June 2014 09:35 by Info@YesVirginia.org
Virginia received an A+ on Thumbtack.com’s annual Small Business Friendliness Survey. The Commonwealth improved its rank to the fourth overall friendliest state in the U.S. and the top state on the East Coast...

Virginia received an A+ on Thumbtack.com’s annual Small Business Friendliness Survey. The Commonwealth improved its rank to the fourth overall friendliest state in the U.S. and the top state on the East Coast.

Virginia outshone its surrounding competition for the third year in a row. Maryland received a C- and North Carolina earned a C+. Virginia has never received less than an A since the inception of this ranking.

Thumbtack.com partnered with the Kauffman Foundation to survey more than 12,600 entrepreneurs across the country. This ranking is unique because its results come straight from the comments of small business owners.

“After a two-month survey of thousands of small business owners nationwide, business owners have reaffirmed that Virginia is a premier destination for starting and running a business,” said Jon Lieber, Chief Economist of Thumbtack.com. “Creating a business climate that is welcoming to small, dynamic businesses is more important than ever, and Virginia's A+ grade by its small businesses shows what a welcoming and friendly place the Commonwealth is for entrepreneurs.”

Highlights for Virginia include a No. 3 ranking for ease of licensing regulations, a No. 4 ranking for ease of overall regulations, and a No. 5 ranking for training and networking programs. According to Thumbtack.com, the strongest correlating factor for the perception of small business friendliness is the ease of licensing forms, requirements and fees.

In addition, the study examined 82 metropolitan regions. Richmond was ranked No. 10 overall and Virginia Beach was ranked No. 20 overall. Richmond and Virginia Beach were ranked No. 3 and No. 4, respectively, for ease of licensing regulations.

Entrepreneurs and start-ups are becoming increasingly important for economic growth and organic job creation. According to Thumbtack.com, “Virginia’s small businesses were the third most optimistic in the nation when it came to plans to hire more employees in the next twelve months.”

To learn why Virginia is a great place to start and grow a business, click here.

Center for Advanced Film Manufacturing Established in Window Film Capital of the World

Monday, 9 June 2014 14:50 by Info@YesVirginia.org
The founding of the Center for Advanced Film Manufacturing was recently announced in Martinsville-Henry County during a ribbon-cutting ceremony at Patrick Henry Community College...

The founding of the Center for Advanced Film Manufacturing was recently announced in Martinsville-Henry County during a ribbon-cutting ceremony at Patrick Henry Community College.

Through a public-private partnership, the center will offer a 28-credit Advanced Film Certification Program. Students will take classes at Patrick Henry Community College and New College Institute, while receiving access to hands-on training with machinery and equipment at nearby Eastman Chemical and Commonwealth Laminating & Coating. In March, Eastman Chemical announced plans to acquire Commonwealth Laminating & Coating.

Advanced film experts at Eastman Chemical and Commonwealth Laminating & Coating are advising on curriculum and will participate as part-time instructors. The companies will also offer internships and all graduates of the program are guaranteed an interview at Eastman Chemical.

The Martinsville-Henry County region has become “the window film capital of the world,” producing more than 30 percent of the global supply of coated and dyed film.

Performance or advanced films are terms used to describe any film applied to another material, such as a glass window. Films come in the form of tints, laminates, coating and composites, providing benefits such as tints on car windows to reduce glare, tints on office building windows for privacy, additional strength to industrial windows for security, and the addition of photovoltaic materials to solar panels to capture the sun’s energy.

Students can apply to the Advanced Film Certification Program on the PHCC website, and the first class will commence in fall 2014.

Virginia is home to more than 200 plastics companies, and the Center for Advanced Film Manufacturing will help ensure the Commonwealth has a well-trained workforce pipeline to maintain its leadership in this industry sector. To learn more, click here.

Two employees at Eastman Chemical stand proudly in Martinsville-Henry County, “the window film capital of the world." Photo courtesy of Martinsville-Henry County Economic Development Corp.

RockTenn’s West Point Mill Celebrates 100 Years in Virginia

Monday, 2 June 2014 15:08 by Info@YesVirginia.org
RockTenn recently celebrated 100 years of success at its West Point mill in King William County, Va. The mill produces white top linerboard and recycled medium used in corrugated boxes and other types of packaging...

RockTenn recently celebrated 100 years of success at its West Point mill in King William County, Va. The mill produces white top linerboard and recycled medium used in corrugated boxes and other types of packaging. 

The West Point mill began operations on May 16, 1914, a little over a year after the company was first established as the Chesapeake Pulp & Paper Company. The mill began with 140 employees and a capacity of 20 tons of paper products per day.

Chesapeake Pulp & Paper Company would later become Chesapeake Corp. and the mill would change ownership a number of times before being acquired by RockTenn in 2011. RockTenn is publicly traded (NYSE: RKT) and one of the leading packaging solutions providers in North America.

In 1930, the West Point Mill acquired the first Fourdrinier machine in the South, allowing it to manufacture continuous sheets of paper.  The machine initially created a sheet 218 inches wide, running at a top speed of 1,000 feet per minute. The machine has been updated and is still running today at 2,000 feet per minute.

The mill added paper machine No. 2 in 1964 and machine No. 3 in 1985. Today, the mill employs more than 500 Virginians and produces about 900,000 tons of paper products each year.

In October 2012, RockTenn celebrated completion of an 11-mile pipeline to supply natural gas to the West Point mill, in partnership with Virginia Natural Gas, Dominion Virginia Power, New Kent County, King William County, and the Town of West Point. The company also invested in the mill to make it more efficient, reduce emissions and lessen its carbon footprint.

According to RockTenn General Manager Chris Broome, “We are very excited about the investments RockTenn is making in our West Point mill to continue providing our customers with high-quality products and to better support their needs. We are committed to being a good business partner within the community and value the relationships we have developed throughout the years.”

The West Point mill’s 100 years of success is a notable achievement and represents the longevity and prosperity companies experience in Virginia’s pro-business environment. To learn why companies keep growing in the Best State for Business, click here.

A view of RockTenn’s West Point mill on the York River in West Point, Va. Photo courtesy of RockTenn.

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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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YesVirginia Business Blog | All posts tagged 'rocktenn'

RockTenn’s West Point Mill Celebrates 100 Years in Virginia

Monday, 2 June 2014 15:08 by Info@YesVirginia.org
RockTenn recently celebrated 100 years of success at its West Point mill in King William County, Va. The mill produces white top linerboard and recycled medium used in corrugated boxes and other types of packaging...

RockTenn recently celebrated 100 years of success at its West Point mill in King William County, Va. The mill produces white top linerboard and recycled medium used in corrugated boxes and other types of packaging. 

The West Point mill began operations on May 16, 1914, a little over a year after the company was first established as the Chesapeake Pulp & Paper Company. The mill began with 140 employees and a capacity of 20 tons of paper products per day.

Chesapeake Pulp & Paper Company would later become Chesapeake Corp. and the mill would change ownership a number of times before being acquired by RockTenn in 2011. RockTenn is publicly traded (NYSE: RKT) and one of the leading packaging solutions providers in North America.

In 1930, the West Point Mill acquired the first Fourdrinier machine in the South, allowing it to manufacture continuous sheets of paper.  The machine initially created a sheet 218 inches wide, running at a top speed of 1,000 feet per minute. The machine has been updated and is still running today at 2,000 feet per minute.

The mill added paper machine No. 2 in 1964 and machine No. 3 in 1985. Today, the mill employs more than 500 Virginians and produces about 900,000 tons of paper products each year.

In October 2012, RockTenn celebrated completion of an 11-mile pipeline to supply natural gas to the West Point mill, in partnership with Virginia Natural Gas, Dominion Virginia Power, New Kent County, King William County, and the Town of West Point. The company also invested in the mill to make it more efficient, reduce emissions and lessen its carbon footprint.

According to RockTenn General Manager Chris Broome, “We are very excited about the investments RockTenn is making in our West Point mill to continue providing our customers with high-quality products and to better support their needs. We are committed to being a good business partner within the community and value the relationships we have developed throughout the years.”

The West Point mill’s 100 years of success is a notable achievement and represents the longevity and prosperity companies experience in Virginia’s pro-business environment. To learn why companies keep growing in the Best State for Business, click here.

A view of RockTenn’s West Point mill on the York River in West Point, Va. Photo courtesy of RockTenn.

RockTenn Hosts Ribbon-Cutting Ceremony for Natural Gas Pipeline

Wednesday, 17 October 2012 16:57 by Info@YesVirginia.org
RockTenn hosted a ribbon-cutting ceremony celebrating the completion of a pipeline supplying natural gas to its mill in West Point, Va...

Last week, RockTenn hosted a ribbon-cutting ceremony celebrating the completion of a pipeline supplying natural gas to its mill in West Point, Va.

RockTenn and Virginia Natural Gas collaborated with Dominion Virginia Power, New Kent County, King William County and the Town of West Point to ensure the project was a success.

The 11-mile pipeline will run along Dominion Virginia Power’s right-of-way and connect Virginia Natural Gas' line in New Kent County to the West Point Mill.

RockTenn is also investing in its West Point Mill to make the facility more efficient and reduce emissions, lessening the mill’s carbon footprint.

The West Point Mill produces containerboard used in the company’s consumer packaging products. In operation since 1914, the mill is the region’s largest employer with a workforce of 550. RockTenn operates facilities across the Commonwealth, including a mill in Hopewell and a converting plant in Henrico County, Va.  

The natural gas pipeline represents a significant improvement in infrastructure, positioning the region for additional growth.

Virginia is home to more than 6,000 manufacturing establishments. To find out why manufacturers have invested more than $13.8 billion in the Commonwealth over the last decade, click here.

Carrie Roth (center), Deputy Secretary of Commerce and Trade, is joined by company, local and regional officials at the RockTenn West Point Mill ribbon-cutting ceremony.

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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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