Healthcare Leader McKesson Corp. Expands Footprint in the Commonwealth

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

4G Wireless Comes to Southwestern Virginia

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

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

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

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

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

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

MWV Launches Center for Packaging Innovation Pilot Plant

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

MeadWestvaco Corporation (MWV) recently opened its state-of-the-art pilot plant in Henrico County, Va., last week. The plant is part of MWV’s Center for Packaging Innovation, which the company moved to its corporate headquarters in Richmond, Va., from Raleigh, N.C. in 2010.

MWV’s Center for Packaging Innovation develops and tests new products and technologies as part of the company’s effort to find creative packaging solutions for customers across the globe. The 48,000-square-foot plant will allow the company to increase its pre-commercialization product testing. 

With five new labs MWV’s capabilities include wood fiber development, polymer compounding, metallurgy and corrosion analysis, coatings and materials testing, form/fill/seal machines, die-cutting, distribution and supply chain testing, equipment prototyping, injection molding and multi-layer extrusion and lamination, to name just a few.

The pilot plant is the latest in a series of investments this Fortune 500 company has made in the Commonwealth. MWV invested $80 million to move its corporate headquarters from Connecticut to Richmond, Va., in 2006, creating 400 new jobs. The company also announced an investment of $285 million in June 2011 to construct a new, state-of-the-art biomass boiler at its Covington Mill in Alleghany County, Va.  MWV has been a Covington employer since 1899.

These investments illustrate MWV’s confidence in Virginia’s talent and infrastructure to support innovative projects across the Commonwealth. According to MWV Chairman and CEO John A. Luke, Jr., “Virginia is not only our corporate home; it is a major base of operations and gateway for our business around the world.”

To learn why companies continue to invest in the Commonwealth and locate their headquarters in Virginia’s pro-business environment, click here.

Site Selection Magazine’s Governor’s Cup Awards Virginia a Top 5 Ranking

Thursday, 15 March 2012 11:07 by Info@YesVirginia.org
Site Selection Magazine awarded Virginia a Top 5 ranking with its annual Governor’s Cup for new and expanded facilities. Virginia’s 273 new projects and expansions showed an increase of 44 percent over 2010, allowing the Commonwealth to climb from 10th place last year to 5th place this year...

Site Selection Magazine awarded Virginia a Top 5 ranking with its annual Governor’s Cup for new and expanded facilities. Virginia’s 273 new projects and expansions showed an increase of 44 percent over 2010, allowing the Commonwealth to climb from 10th place last year to 5th place this year.

To be included in the rankings, new facilities and expansions had to meet at least one of the following criteria: a minimum investment of $1 million, creation of at least 50 jobs and the addition of at least 20,000 square feet of new floor space.

Northern Virginia’s Arlington/Alexandria area received a No. 8 ranking for Top Metros with populations over one million. For metro areas with a population less than 200,000 three Virginia regions made the top 10 list. The Blacksburg/Christiansburg/Radford region was rated No. 4 and Charlottesville and Danville were both rated No. 8.

Staunton/Waynesboro, Va., received a 13th place ranking in the Top Micropolitan category. Micropolitans are defined as rural areas with a population of less than 50,000.

Staunton has been in the press recently when Forbes.com picked up the publication “How to Radically Revitalize America: A Micropolitan Manifesto.” Written and photographed by Staunton business owners, the publication describes how entrepreneurs are choosing to locate their businesses in Staunton, Va., for the rich quality of life the area offers.

Virginia’s pro-business operating environment, highly skilled workforce, leading R&D centers, premier logistics network and strong quality of life are just some of the reasons Virginia continues to lead with top accolades from CNBC, Forbes.com, Pollina Corporate Real Estate and Site Selection Magazine.

To learn why Virginia is the best state for business and offers the right mix of resources to support your business, click here.

Volvo Trucks’ New River Valley Plant First to Achieve Two Energy Certifications

Tuesday, 13 March 2012 15:12 by Info@YesVirginia.org
Volvo Trucks’ New River Valley plant in Dublin, Va., is the first U.S. facility certified to the ISO 50001 standards and the first Superior Energy Performance (SEP)-certified facility to use the ISO 50001 as its energy management standard...

Volvo Trucks’ New River Valley plant in Dublin, Va., is the first U.S. facility certified to the ISO 50001 standards and the first Superior Energy Performance (SEP)-certified facility to use the ISO 50001 as its energy management standard.

The New River Valley plant achieved both certifications by participating in pilot programs supported by the U.S. Department of Defense and offered through the American National Standards Institute (ANSI) and the ASQ National Accreditation Board (ANAB). The Virginia plant was SEP certified at the highest level, platinum, due to its 15 percent improvement in energy performance over a three-year period.

These energy efficiency certifications not only take the Virginia plant closer to becoming carbon neutral, they also allow the company to be more competitive at a global level.

Company management credits its skilled Virginia workforce for coming up with many of the energy-saving ideas. “These certifications required a high degree of cooperation — a total plant effort. Employees at all levels have been actively engaged throughout our entire energy reduction journey,” said Lars Blomberg, Volvo Trucks vice president.

The 1.6 million-square-foot plant at New River Valley is a marquee establishment in Southwestern Virginia, employing more than 2,000 Virginians. The Virginia Economic Development Partnership worked with New River Economic Development Alliance and Pulaski County in 1999 on the company’s $148 million expansion of the plant, which created 1,277 new jobs. 

Virginia is home to 170 automotive companies and Volvo Trucks’ New River Valley plant is a prime example of the innovation Virginia companies are bringing to the industry. With a pro-business operating environment, skilled workforce and R&D partnerships with universities, such as the Virginia Tech Transportation Institute and the National Tire Research Center, the Commonwealth has the infrastructure to support the future growth of this industry.

To learn more about what Virginia can offer automotive companies click here.

Water from Virginia’s Rockingham County Judged Top 5 in the Nation

Thursday, 8 March 2012 16:23 by Info@YesVirginia.org
Water from the Three Springs Water Treatment Plant in McGaheysville, Va., was ranked Top 5 in the nation at the recent Great American Water Taste Test in Washington, D.C...

Water from the Three Springs Water Treatment Plant in McGaheysville, Va., was ranked Top 5 in the nation at the recent Great American Water Taste Test in Washington, D.C.

The contest was managed by the National Rural Water Association as part of its yearly Rural Water Rally. Participants had to win both state and national competitions to be represented at the final judging panel.

Clarity, bouquet and taste were the selection criteria, with judges focusing on water samples that had no taste, no smell and perfect clarity.

The Three Springs Water Treatment Plant is located in Virginia’s picturesque Shenandoah Valley. The water quality is naturally pure as plant manager Luke Hornick stated, “We add fluorine and chlorine, but the water is of such purity that nothing else is needed.”

High water quality is important not just for individual consumption, but it also drives business decisions. Food processing and brewing companies require large amounts of high quality water, making Virginia a preferred location for those industries.

According to Rockingham County director of Community Development William Vaughn, “It’s one of the primary reasons that Coors — now MillerCoors — established East Coast operations here 25 years ago.”

Concerns over water quality and availability are receiving increased attention across the globe, making Virginia’s infrastructure resources a valuable asset for companies located in the Commonwealth. To learn more about Virginia’s world-class capabilities serving the food and beverage industry click here.

A view of Virginia's Shenandoah River

eBay Company GSI Commerce Expands in Henry County

Tuesday, 6 March 2012 16:52 by Info@YesVirginia.org

On Monday, GSI Commerce announced plans to expand its fulfillment capabilities in Henry County, bringing 60 new jobs and a $1.5 million investment to the Martinsville area of Southern Virginia.

This expansion will be used to handle the fulfillment, freight and warehouse management of the Company Kids and The Company Store brands of Hanover Direct — a new customer GSI Commerce just acquired.

Located in Martinsville, Va., since 2007, GSI Commerce has successfully grown its operations to include 1,000 full-time and seasonal workers. The expanded facility will be located near the company’s existing facilities at Bowles Industrial Park.

“GSI Commerce’s state-of-the-art fulfillment services will better facilitate the distribution of Hanover Direct’s brands and improve its clients’ customer experience. This new relationship will also ensure many jobs dedicated to Hanover Direct fulfillment services will remain within the state of Virginia,” according to the company’s press release.

The Commonwealth is a popular place for fulfillment centers with Amazon.com announcing two centers in Chesterfield and Dinwiddie counties, creating 1,350 new jobs. Backcountry.com also announced a fulfillment center in Montgomery County which is expected to create 200 new jobs.

To learn why Virginia’s strategic East Coast location, world-class logistics network and highly-skilled workforce make it a perfect location for logistics companies, click here.

Evatran’s Plugless Power System Pioneers Electric Vehicle Wireless Recharging

Thursday, 1 March 2012 14:32 by Info@YesVirginia.org
Wytheville, Va., company Evatran is leading the way in developing an electronic vehicle (EV) wireless recharging system. Governor Bob McDonnell hosted the company’s launch event for its Apollo Program at the state capitol in Richmond, Va., last Thursday...

Wytheville, Va., company Evatran is leading the way in developing an electronic vehicle (EV) wireless recharging system. Governor Bob McDonnell hosted the company’s launch event for its Apollo Program at the state capitol in Richmond, Va., last Thursday.

Google, Duke Energy, Hertz, Clemson University and the Commonwealth of Virginia have already signed on for Phase I of the Apollo Program. These partners have agreed to test the company’s wireless charging technology over the next three months and provide feedback to the company.

Evatran has been on the fast-track since June 2010 when Governor McDonnell announced the company would invest $3.5 million to establish a new manufacturing operation in Wytheville, Va., bringing 84 new jobs to the area. The Virginia Economic Development Partnership worked with Wythe County, the Joint Industrial Development Authority of Wythe County, Wytheville, Rural Retreat and Virginia’s aCorridor to successfully compete against North Carolina and Ohio for the project.

Evatran’s Plugless Power system is unique — as its name suggests it does not require the EV to be plugged in to recharge. Through inductive power transfer, the user simply has to park the vehicle over a specialized pad which uses magnetic fields to transfer energy from the pad’s coils to the receiving coils within the vehicle adapter. The energy is only converted to electricity once inside the vehicle, ensuring a safe transfer.

Evatran hopes the convenience of its technology will aid in the early adoption of EVs as a standard mode of transportation, helping to ease the global energy crisis.

As a green energy pioneer, the company illustrates the strength of Virginia’s entrepreneurs in both the technology and energy sectors. To learn more about the Commonwealth’s unique offering for technology and energy companies 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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Unilever Invests $96.2 Million in Suffolk, Va. Lipton Tea Plant

Tuesday, 12 March 2013 14:11 by Info@YesVirginia.org
Yesterday, Unilever announced plans to invest $96.2 million to upgrade its Lipton Tea Plant in Suffolk, part of the Hampton Roads region of Virginia...

Yesterday, Unilever announced plans to invest $96.2 million to upgrade its Lipton Tea Plant in Suffolk, part of the Hampton Roads region of Virginia.

The Lipton Tea plant has operated out of Suffolk since 1955 and is the largest tea processing facility in the U.S., producing nearly all the Lipton tea bags sold throughout North America. 

The investment will allow the company to increase production by both expanding and upgrading to more modern equipment. The Suffolk plant already has a reputation for efficiency and sustainability—in 2009 it became a “zero-landfill” facility through a combination of recycling, composting, and converting waste into usable energy.

Close proximity to the international Port of Virginia was a key deciding factor in the Commonwealth’s favor. Unilever already utilizes the port to bring in loose tea from all over the world for processing at its Suffolk plant. The Port of Virginia offers access to 250 ports in more than 100 overseas locations.

The strength of the Hampton Roads employee pool was another positive factor cited by the company. More than 300 highly-skilled workers currently support the Lipton plant.

This investment adds to Virginia’s growing food and beverage cluster. Home to household names such as Hershey Foods, Nestlé Prepared Foods, Kraft Foods, and Green Mountain Coffee Roasters, more than 550 food and beverage manufacturing companies have established operations in the Commonwealth.

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

Governor McDonnell presents Bill Kelly, Suffolk Supply Chain Leader, Unilever, with a commemorative share of stock in the Virginia Company at the Lipton Tea plant announcement event in Suffolk, Va.

Porter’s Group Comes to Lynchburg, Virginia

Thursday, 7 March 2013 14:31 by Info@YesVirginia.org
On Monday, Porter’s Group LLC announced plans to establish its first Virginia operation in the City of Lynchburg through a $1.8 million investment, creating 120 new jobs...

On Monday, Porter’s Group LLC announced plans to establish its first Virginia operation in the City of Lynchburg through a $1.8 million investment, creating 120 new jobs.

Porter’s Group manufactures fabricated metal products, and its advanced capabilities allow it to produce a broad range of products from ATMs to engine parts.

The company plans to purchase an existing manufacturing facility from one of its customers, Diebold Inc., allowing it to quickly transition the plant for its specific production needs. The talented manufacturing workforce already in place in the Lynchburg region will also aid in the company’s quick ramp-up to production.

In addition to a turnkey building and ready workforce, Lynchburg offers a prime location that geographically aligns the company’s operations with its existing customer base. 

Located near I-81, Lynchburg provides convenient access to Virginia’s premier transportation network, which includes six interstate highways, nine commercial airports, 14 railroads, including two Class I lines, and the international Port of Virginia. 

Leading manufacturing companies continue to select the Commonwealth due to its competitive cost environment, strategic location and highly-skilled workforce. To learn why manufacturing companies have invested more than $13.7 billion in Virginia over the last decade, click here.

Shenandoah Valley Partnership Launches Education and Training Database

Tuesday, 5 March 2013 09:57 by Info@YesVirginia.org
The Shenandoah Valley Partnership recently announced the launch of the new Shenandoah Valley Education and Training Database. The database will provide both employers and citizens with one convenient tool to learn about the wealth of training programs available throughout the region...

The Shenandoah Valley Partnership recently announced the launch of the new Shenandoah Valley Education and Training Database. The database will provide both employers and citizens with one convenient tool to learn about the wealth of training programs available throughout the region.

The database is located at http://www.svp-va.org/database.aspx and is searchable by keyword, field of study and degree level. It was created to solve the problem of employers not being aware of the broad offering of educational programs available, particularly in the region’s high growth areas, which include advanced manufacturing, agriculture, energy, life sciences and IT.

Located between the Blue Ridge and Allegheny Mountains, the Shenandoah Valley Partnership includes the counties of Augusta, Bath, Highland, Page, Rockbridge, Rockingham and Shenandoah, as well as the cities of Buena Vista, Harrisonburg, Lexington, Staunton and Waynesboro.

The region is home to a number of prestigious higher education institutions, including James Madison University, Mary Baldwin College, Virginia Military Institute, and Washington and Lee University, as well as numerous community and technical colleges.

With 94 percent of the region’s 2012 corporate investment coming from expansion projects, the high quality of the local workforce is often cited as a compelling reason for a company’s decision to remain in the Shenandoah Valley. 

Take McKee Foods, maker of Little Debbie® snack foods and one of the area’s major employers, as an example. President and CEO Mike McKee stated, “We have found our Virginia workforce to be some of the most loyal and highly-skilled employees in the industry—and about 85 members of our Virginia workforce have been at the plant since it opened. Our Virginia employees, now over 700 strong, are highly-motivated and have helped us boost plant productivity by 24 percent over the last two years.”

Jointly developed by the Shenandoah Valley Partnership and Blue Ridge Community College, the Shenandoah Valley Education and Training Database is another positive example of cooperation among the public, private and educational sectors in Virginia. To learn more about the Commonwealth’s highly-skilled workforce and premier educational programs, click here.

Commonwealth Graduate Engineering Program Celebrates 30 Years

Thursday, 28 February 2013 13:21 by Info@YesVirginia.org
The Commonwealth Graduate Engineering Program (CGEP) recently celebrated its 30-year anniversary at an event in Richmond, Va., hosted by CGEP and VEDP...

The Commonwealth Graduate Engineering Program (CGEP) recently celebrated its 30-year anniversary at an event in Richmond, Va., hosted by CGEP and VEDP.

CGEP offers Master’s degrees and certificate programs for engineers and scientists seeking to further their education while remaining in the workforce. Students can pursue degrees in Computer Engineering, Civil & Environmental Engineering, Electrical Engineering, Engineering Administration, Environmental Science & Engineering, and Systems Engineering.

What is most unique about the program is its distance learning model, which includes both online courses and televised courses offered at more than 25 sites across Virginia. CGEP uses the latest interactive video conferencing technology, allowing for two-way audio and video to provide an interactive classroom experience for students.

In addition, graduate students can personalize their program by taking advantage of courses offered by any of the five participating universities, which include George Mason University, Old Dominion University, University of Virginia, Virginia Commonwealth University, and Virginia Tech.

During the 2011-2012 academic year, total enrollment in CGEP increased by 10 percent to 6,759 students. CGEP attributes this growth to increased offerings in online coursework, allowing busy graduate students to take classes anywhere, anytime.

CGEP is another example of the innovative programs offered by Virginia’s prestigious higher education institutions to ensure a solid pipeline of skilled employees is ready to fulfill industry needs. 

To learn more about CGEP or Virginia’s higher education offerings, click on the highlighted links.

Liebherr Mining Equipment Co. Expands in Hampton Roads, Virginia

Monday, 25 February 2013 13:47 by Info@YesVirginia.org
Liebherr Mining Equipment Newport News Co. recently announced plans to expand its advanced manufacturing operation in Hampton Roads, Va., through a $45.4 million investment, creating 174 new jobs...

Liebherr Mining Equipment Newport News Co. recently announced plans to expand its advanced manufacturing operation in Hampton Roads, Va., through a $45.4 million investment, creating 174 new jobs. 

The Liebherr campus is located in Copeland Industrial Park, which covers two Virginia cities—Newport News and Hampton.  

Liebherr, part of the Liebherr Group based in Switzerland, is known as a leading manufacturer of construction and mining equipment. The expansion will allow the company to meet demand for its mining trucks as well as develop new models.  The company expects to produce 240-ton, 320-ton, and 400-ton models.

In addition to increasing capacity and adding production equipment, this investment also enables Liebherr to expand its office and warehouse space. The company plans to add a training center as well as augment its material flow process.

Established in the Hampton Roads region in 1970, the company’s 40-year history and decision to further invest in Virginia speaks to its positive experience with the Commonwealth’s skilled workforce and pro-business climate.

The Hampton Roads location also offers close proximity to the international Port of Virginia. The company’s equipment is shipped worldwide, and the Port of Virginia offers access to 250 ports in more than 100 overseas locations. In addition, it is the only port on the U.S. East Coast able to handle post-Panamax vessels as first port of call.

With its skilled workforce, low-cost environment, and premier logistics infrastructure, Virginia is home to more than 6,000 manufacturing establishments. To learn why manufacturing companies have invested more than $13.7 billion in the Commonwealth over the last decade, click here.

Secretary Jim Cheng addresses the crowd at the Liebherrr Mining Equipment Co. announcement event in Newport News, Va.

New Logistics Research Center Established in Central Virginia

Thursday, 21 February 2013 09:55 by Info@YesVirginia.org
Last week, Governor McDonnell announced the establishment of the Commonwealth Center for Advanced Logistics Systems (CCALS) in Prince George County, Va...

Last week, Governor McDonnell announced the establishment of the Commonwealth Center for Advanced Logistics Systems (CCALS) in Prince George County, Va.

This public-private alliance will focus on solving logistics challenges and bringing solutions to market more quickly by partnering Virginia’s leading universities and logistics companies. Founding members include Longwood University, UVA, VCU, VSU, Logistics Management Resources, and LMI.

The expertise of the founding members includes a variety of disciplines within the logistics industry, such as supply chain risk management, modeling and simulation, large-scale data management, enterprise system integration, and workforce development.

To foster a collaborative research environment, the CCALS facility is expected to include computation and large-scale data mining laboratories, as well as a production warehouse for advanced simulation experiments.

In addition to bringing solutions to market more quickly, CCALS will allow industry members to influence the curriculum and workforce development programs at participating universities, as well as obtain access to the quality pipeline of graduates entering Virginia’s workforce each year.

CCALS complements Central Virginia’s existing logistics hub, which already includes the U.S. Army’s Logistics University at Fort Lee, two Amazon.com distribution centers, and significant UPS and FedEx operations.

Virginia continues to build upon the reputation of its premier logistics network, which includes six interstate highways, nine commercial airports, 14 railroads, including two Class I lines, and the International Port of Virginia, which is the only East Coast location in the U.S. able to handle post-Panamax vessels as first port of call. 

To learn why companies have invested more than $1.8 billion in Virginia logistics projects over the last decade, click here.

International Subsidiary Daikin McQuay Expands in Augusta County

Thursday, 14 February 2013 14:38 by Info@YesVirginia.org
Yesterday, Daikin McQuay announced plans to invest $9.2 million to expand its facility in Augusta County, creating 50 new jobs...

Yesterday, Daikin McQuay announced plans to invest $9.2 million to expand its facility in Augusta County, creating 50 new jobs.

A subsidiary of Fortune 1000 company Daikin Industries, Daikin McQuay is the largest HVAC and refrigeration company in the world. The company designs flexible HVAC solutions for commercial, industrial and institutional markets with a focus on high energy efficiency.

The expansion will allow the company to better serve its global customers through the addition of a testing area to demonstrate the performance of its products using a variety of metrics.   

Daikin McQuay has found success in Augusta County for almost 60 years, tapping into the engineering and technical expertise of the local workforce. The center of the company’s industrial chiller operation is located at the Augusta County facility.

Governor McDonnell met with company officials during his Asia Marketing Mission in 2011, as well as during marketing trips to New York in 2011 and 2012 to tout Virginia’s premier business environment.

The Commonwealth continues to attract global leaders like Daikin McQuay due to Virginia’s unique combination of assets, which include a high-tech workforce, world-class logistics network, and competitive operating costs. To learn more, click here.

Virginia Beach Develops Economic Gardening Initiative

Tuesday, 12 February 2013 14:58 by Info@YesVirginia.org
The Virginia Beach Economic Development Authority and Hampton Roads Partnership have joined together to launch the Virginia Beach Economic Gardening Initiative...

The Virginia Beach Economic Development Authority and Hampton Roads Partnership have joined together to launch the Virginia Beach Economic Gardening Initiative.

The economic gardening program will allow local entrepreneurs access to resources and information typically only available to larger, more established companies. 

Specifically, the Virginia Beach initiative will provide high-tech research tools so participating companies can analyze their strategy and market dynamics. The program includes access to advice from seasoned entrepreneurs through a partnership with the Service Corps of Retired Executives.

In addition, companies will receive 35 hours of support from a national team with expertise in marketing, data analysis, geographic information systems, and social media. The program is available to 10 companies each year, and the first three companies selected include Morphix Technologies Inc., Virginia Toy & Novelty Co., and Klett Consulting Group Inc.

Economic gardening is a growing trend in economic development circles. Holding to the theory that entrepreneurs drive local economies, adherents support these smaller business owners by providing resources in the community to help businesses grow. This grass-roots approach, popularized by MIT researcher David Birch, is a complement to the more traditional economic development model of recruitment and retention.

The Virginia Beach Economic Gardening Initiative is an example of the innovative, pro-business environment that exists across the Commonwealth of Virginia. To learn more about the resources Virginia offers to help businesses succeed, click here.

Virginia’s Biotech Industry Gains Another Asset: Virginia Biosciences Health Research Corp.

Friday, 8 February 2013 13:11 by Info@YesVirginia.org
This week, the Virginia Biosciences Health Research Corporation (VBHRC) announced its establishment to foster scientific research and provide a venue for public/private partnerships with Virginia’s leading universities...

This week, the Virginia Biosciences Health Research Corporation (VBHRC) announced its establishment to foster scientific research and provide a venue for public/private partnerships with Virginia’s leading universities.

The five founding universities include Eastern Virginia Medical School, George Mason University, University of Virginia, Virginia Commonwealth University and Virginia Tech. VBHRC will also include an 11-member Project Management and Oversight Panel as well as a 13-member Board of Directors.

VBHRC’s mission is to encourage industrial partnerships and increase corporate-sponsored research at Virginia’s universities to augment the Commonwealth’s growing biotech industry. VBHRC’s ultimate goal is to develop life sciences technology that can be used to start new companies and create jobs.

The research focus of VBHRC includes bioinformatics and medical informatics, point of care diagnostics, and drug discovery and delivery.

VBHRC joins a list of leading research institutes in the Commonwealth, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC Laboratories.

Virginia continues to gain recognition for its life sciences industry and was recently ranked the No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Ranking Report. With its central location in the mid-Atlantic life sciences corridor and strong technology and life sciences workforce, Virginia is home to nearly 800 biotech companies.

To learn why the private sector has invested almost $2 billion in Virginia’s life sciences industry over the last decade, click here.

Microsoft Announces $348 Million Expansion to Virginia Data Center Campus

Wednesday, 6 February 2013 10:36 by Info@YesVirginia.org
Last week, Microsoft announced plans to invest $348 million to expand its latest generation data center campus in Mecklenburg County, Va., creating 30 new jobs...

Last week, Microsoft announced plans to invest $348 million to expand its latest generation data center campus in Mecklenburg County, Va., creating 30 new jobs.

Fueled by strong customer demand for its cloud services, this investment will allow Microsoft to construct two additional buildings on its existing Mecklenburg County campus. In 2010, Microsoft announced a $499 million investment to establish this facility, followed by a $150 million expansion in 2011, bringing Microsoft’s total investment in this location to almost $1 billion.

With its modular technology and advanced cooling mechanics, the Mecklenburg County location is one of Microsoft’s most advanced data centers. In addition, Microsoft is purchasing renewable energy credits to offset all carbon emissions at the site.

Southern Virginia’s ability to provide a world-class data center location is due in part to infrastructure developed by the Mid-Atlantic Broadband Cooperative (MBC). Established several years ago to support underserved areas, today MBC owns and operates more than 1,500 miles of fiber optic network in Southern Virginia as well as a long-haul fiber network.

Virginia continues to be a prime location for data centers—data processing was the dominant sector for investment in the Commonwealth in 2011, at more than $960 million. Offering companies both the advanced broadband infrastructure and highly-skilled technical workforce, Virginia is poised to continue its growth in this sector.

In addition, the Commonwealth’s favorable electricity rates and Retail Sales and Use Tax Exemption on computer equipment used in data centers provide a strong competitive advantage to companies.

To learn why more than 700 data processing and hosting establishments have selected a Virginia location, click here.

Virginia Recognized as Top State for Green LEED Certifications in 2012

Monday, 28 January 2013 15:06 by Info@YesVirginia.org
Last week, the U.S. Green Building Council (USGBC) ranked Virginia as the top state for Leadership in Energy and Environmental Design (LEED) certifications in its annual ranking...

Last week, the U.S. Green Building Council (USGBC) ranked Virginia as the top state for Leadership in Energy and Environmental Design (LEED) certifications in its annual ranking.

In 2012, Virginia certified 170 projects, which encompassed 29.7 million square feet of LEED-certified space. With 3.71 square feet of certified space per capita, the Commonwealth moved up two places from last year.

Cooper Vineyards of Louisa County was recognized as the first winery on the East Coast to achieve LEED Platinum status.

USGBC is an international organization made up of 77 chapters, 13,000 member organizations, and 181,000 LEED professionals with a mission to build a more sustainable future.

USGBC manages LEED, one of the most renowned green building programs in the world. LEED provides certification programs for the efficient and environmentally-friendly design, construction and operation of a variety of buildings. According to USGBC, LEED certifies 1.6 million square feet of building space each day.

LEED-certified spaces not only offer a healthier environment, the efficiency gains yield a direct impact to a company’s bottom line. Virginia’s leadership in this area illustrates the Commonwealth’s innovative approach to providing a competitive environment in which companies can do business.

To learn more about Virginia’s unique combination of resources and why businesses have succeeded in the Commonwealth for more than 400 years, 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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YesVirginia Business Blog | 2013 ALEC-Laffer State Economic Competitiveness Index Ranks Virginia No. 5 in Economic Outlook

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

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

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

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

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

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

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

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

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

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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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VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.