Virginia Receives Top Ranking on Forbes.com’s 2012 Best States For Business

Thursday, 13 December 2012 16:34 by Info@YesVirginia.org
Once again, Virginia received a podium ranking from Forbes.com in its annual Best States for Business ranking. Coming in at No. 2, Virginia is the top state on the East Coast and has held first or second overall since the ranking began in 2006...

Once again, Virginia received a podium ranking from Forbes.com in its annual Best States for Business ranking. Coming in at No. 2, Virginia is the top state on the East Coast and has held first or second overall since the ranking began in 2006.

The ranking is based on six categories: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.

The Commonwealth was ranked No. 1 in the category of regulatory environment. According to Forbes.com, “The state ranks on top of the regulatory category because of its strong incentive offerings and business friendly government policies." With right-to-work laws, an unemployment tax burden 32 percent lower than the national average, and a six percent corporate tax rate unchanged since 1972, companies have improved their bottom lines just by locating in Virginia.

In the important category of labor supply, Virginia came in at No. 2 and was the top state on the East Coast. With 4.1 million motivated and highly skilled workers and more than 500,000 students enrolled in Virginia’s top-ranked colleges and universities, the Commonwealth has a strong pipeline ready to fill present and future industry needs.

Virginia was ranked No. 4 in the quality of life category, a metric that is gaining increasing importance for companies making relocation decisions. Virginia has one of the nation’s highest concentrations of historic resources and is blessed with beautiful mountains, rivers and beaches, as well as 35 state parks, 22 national parks and more than 500 trails, providing an abundance of recreational opportunities for residents.

This top ranking from Forbes.com adds to the distinguished list of honors Virginia has received this year, including winning the 2011 Competitiveness Award from Site Selection magazine, a No. 2 ranking on Pollina Corporate Real Estate’s Top Pro-Business States for 2012, and No. 3 rankings on Business Facilities’ 2012 State Rankings Report and CNBC’s America’s Top States for Business list, to name a few. 

To learn why Virginia continues to receive top recognition from the industry as the premier state for business, click here.

Leading Global Satellite Services Provider Intelsat Moves Headquarters to Virginia

Tuesday, 11 December 2012 12:30 by Info@YesVirginia.org
At an event overlooking the site for the company’s new headquarters building in Tysons Corner, Va., Governor McDonnell announced Intelsat will move its U.S. headquarters from Washington, D.C., to Fairfax County in 2014. The project will bring at least 430 jobs and an investment of more than $24 million in leasehold improvements to Northern Virginia...

At an event overlooking the site for the company’s new headquarters building in Tysons Corner, Va., Governor McDonnell announced Intelsat will move its U.S. headquarters from Washington, D.C., to Fairfax County in 2014. The project will bring at least 430 jobs and an investment of more than $24 million in leasehold improvements to Northern Virginia.

With plans to lease 188,000 square feet, Intelsat will be the anchor tenant at Tysons Tower, a new, 20-story office building being developed by Macerich as part of a three tower, mixed-use project at Tysons Corner Center. 

The state-of-the-art tower will be the tallest building in Tysons Corner, offering Intelsat employees panoramic views of Northern Virginia, a modern workspace, prime access to the amenities of Tysons Corner, and direct connection to the Capital Beltway and planned extension of the Metro Silver Line.

In addition, close proximity to Washington Dulles International Airport gives the Luxembourg-based company access to 80 percent of the world’s economies.

As the world’s leading provider of satellite services, Intelsat has delivered information to leading media companies, multinational corporations, Internet Service Providers and government agencies for more than 45 years. 

Intelsat’s new headquarters location in Fairfax County is not only aligned with its growing customer base, but it also offers access to a strong pipeline of highly-skilled workers. According to Cyberstates 2011, Virginia has the highest concentration of high-tech workers.

To learn why global leaders continue to select Virginia as an environment that reflects their innovative culture, click here.

Latin American Subsidiary Phoenix Packaging Continues Growth in Pulaski County

Wednesday, 5 December 2012 16:13 by Info@YesVirginia.org
Phoenix Packaging recently announced plans to invest $20 million and create 100 new jobs to expand its Virginia operation in Pulaski County. This represents the second expansion in less than two years, bringing the company’s total announcements to $58 million in capital investment and more than 400 new jobs...

Phoenix Packaging recently announced plans to invest $20 million and create 100 new jobs to expand its Virginia operation in Pulaski County. This represents the second expansion in less than two years, bringing the company’s total announcements to $58 million in capital investment and more than 400 new jobs.

Part of Virginia’s New River Valley region, Pulaski County also serves as the company’s North American Headquarters. Phoenix Packing is a subsidiary of Grupo Phoenix, a leading Latin American manufacturer of packaging products targeting the food and disposable consumer product industries.

Seeking closer proximity to its U.S. customers, the company first selected Virginia in 2010 from more than 40 other possible sites. Virginia competed against Arizona for this latest expansion project and has successfully competed against Georgia, Kentucky, North Carolina, Tennessee, West Virginia, California and Nevada over the last three years. 

After investigating options overseas, Phoenix Packaging’s decision to remain and grow its Virginia operation illustrates just how well the Commonwealth competes on a global level.

Virginia’s strategic location, premier transportation infrastructure, skilled workforce, world-class higher education institutions, and competitive operating costs were all leading factors in the company’s multiple decisions for Virginia.

In addition, Virginia’s growing food and beverage industry, a primary market for Phoenix Packaging, proved to be an attractive asset. With names like Kraft Foods, Nestle and Hershey, Virginia boasts more than 550 food and beverage manufacturing companies that have invested $1.9 billion in the Commonwealth over the last decade. In fact, Green Mountain Coffee Roasters, one of Phoenix Packaging’s customers, announced last year it would invest $180 million to establish a production and distribution facility in Isle of Wight County, Va.

To learn why Virginia manufacturers continue to find success in the Commonwealth, investing more than $13.8 billion over the last decade, click here.

Rolls-Royce Announces Second Facility on Virginia Crosspointe Campus

Tuesday, 4 December 2012 09:34 by Info@YesVirginia.org
Rolls-Royce recently announced it will begin construction on a second advanced manufacturing facility at its Crosspointe campus in Prince George County, Va., which is expected to bring a $136 million investment and 140 new jobs to the Central Virginia region...

Rolls-Royce recently announced it will begin construction on a second advanced manufacturing facility at its Crosspointe campus in Prince George County, Va., which is expected to bring a $136 million investment and 140 new jobs to the Central Virginia region.

The 90,000-square-foot Advanced Airfoil Machining Facility will be located on Rolls-Royce’s 1,000-acre campus, adjacent to its Rotatives manufacturing facility. Construction is expected to be completed by the end of 2013.

The Advanced Airfoil Machining Facility will produce turbine blades and nozzle guide vanes for advanced aero engines used in the Boeing 787 Dreamliner, Airbus 380 and Airbus 350. Using Rolls-Royce’s advanced machining technology and proprietary high-speed cutting process, the company has the ability to precisely shape specialized materials and efficiently produce durable engine components.

Driven by growth for its aero engines, the company continues to expand its Crosspointe facility, making it the largest and most advanced Rolls-Royce campus in North America. Rolls-Royce’s vision for the Crosspointe campus is to create a hub of advanced manufacturing innovation, with partnerships between leading research universities, government and businesses. 

To date, the Crosspointe campus includes the company’s Rotatives facility, which opened in May 2011 as a center of excellence to manufacture the company’s engine discs. Also at Crosspointe, CCAM opened this fall as an applied research center, joining leading Virginia universities and manufacturing companies to bring real-world solutions to market more quickly.

With ample space and a robust, industrial-grade infrastructure for additional facilities, Rolls-Royce’s Crosspointe Campus is poised to attract suppliers and continue its growth as a leading center for advanced manufacturing.

To learn more about the Rolls-Royce Crosspointe Campus and Virginia’s capabilities in the advanced manufacturing space, click on the highlighted links.

A rendering of Rolls-Royce's Advanced Airfoil Machining Facility at its Crosspointe campus in Prince George County, Va.

HanesBrands Inc. Expands in Patrick County

Thursday, 29 November 2012 13:47 by Info@YesVirginia.org
HanesBrands recently announced plans to expand its Woolwine plant in Patrick County, Va., through a $1.6 million investment...

HanesBrands recently announced plans to expand its Woolwine plant in Patrick County, Va., through a $1.6 million investment.

The company will upgrade the plant with high-speed manufacturing equipment that will double current capacity and allow the company to increase production of performance fabrics in the women’s sports market. 

The investment will bring 50 new jobs and retain 215 jobs at the Patrick County operation. In addition, HanesBrands employs a workforce of 400 at its distribution center in nearby Martinsville, Va.

HanesBrands has a long history in the region and the company’s positive experience with Virginia’s pro-business climate and advanced manufacturing workforce helped ensure the Commonwealth was selected once again.

Southern Virginia maintains a rich heritage of textile operations, and this investment illustrates Virginia’s manufacturing prowess in the competitive worldwide apparel industry.

With more than 6,000 manufacturers located in Virginia, the Commonwealth has seen more than $13.8 billion in capital investment from manufacturing companies over the last 10 years. To learn more about Virginia’s advanced manufacturing industry, click here.

WEIGHTPACK Moves Headquarters from Italy to Virginia

Thursday, 15 November 2012 14:47 by Info@YesVirginia.org
WEIGHTPACK Inc. recently announced plans to move its headquarters from Italy and expand its existing operation in Powhatan County, Va. The project will bring a $2.6 million investment and 35 new jobs to the Central Virginia region...

WEIGHTPACK Inc. recently announced plans to move its headquarters from Italy and expand its existing operation in Powhatan County, Va. The project will bring a $2.6 million investment and 35 new jobs to the Central Virginia region.

WEIGHTPACK is a packaging machinery company that designs and builds complete lines for the filling and capping of liquid product containers, with applications in the beverage, home care, personal care, pharmaceutical and chemical industries.

The company has operated in Powhatan since 2001, and the decision to move its global headquarters to the same location illustrates how well Virginia’s business environment, workforce, and logistics infrastructure compete at a global level.

The Powhatan location is poised to become a major production hub as the company transitions to a more vertically integrated supply chain, providing for growing customer demand in the North and South American and Asian markets.

Powhatan County’s strong quality of life and access to Virginia’s world-class transportation network make it a premier location. WEIGHTPACK has historically used the international Port of Virginia for importing component parts. With the expansion of the production facility, the company expects to increase its exports through the port to reach international markets.

As global companies continue to bring high technology, manufacturing jobs to the U.S., Virginia stands ready to fulfill industry needs with a strong pipeline of highly-skilled, advanced manufacturing employees.

To learn more about Virginia’s advanced manufacturing capabilities and why more than 6,000 manufacturing establishments have located in the Commonwealth, click here.

CCAM Opens Facility in Prince George County, Virginia

Wednesday, 14 November 2012 10:09 by Info@YesVirginia.org
The Commonwealth Center for Advanced Manufacturing (CCAM) received its full certificate of occupancy and opened its facility in Prince George County, Va., this September. CCAM has been steadily growing both in members and machinery and is expected to host a grand opening event in spring 2013...

The Commonwealth Center for Advanced Manufacturing (CCAM) received its full certificate of occupancy and opened its facility in Prince George County, Va., this September. CCAM has been steadily growing both in members and machinery and is expected to host a grand opening event in spring 2013.

CCAM has added three Tier 2 and three Tier 3 industry members over the last few months, bringing the total number of participating companies to 14.

The applied research center includes a high bay area, five machining labs, five computational labs, a visualization lab, meeting rooms with conferencing ability, open and modular workstations, and a cafeteria.

With participation from its industry partners and university members, engineers at the center are currently working on 10 research projects. One project involves adaptive machining, which uses specialized equipment to measure and make adjustments in real time as components are being manufactured, leading to improved performance and lower costs.

Another project incorporates multi-modal part inspection, which uses imagery to obtain information and identify small defects early in the manufacturing process, allowing any issues to be fixed before entering into high-rate production.

CCAM is another example of the public-private partnership between Virginia’s leading universities and world-class manufacturing companies to bring real-world solutions to the market more quickly. To learn more about CCAM, visit www.ccam-va.com.

CCAM’s high bay area includes a Laser Powder Deposition Machine and the Sulzer Metco Thermal Spray Cell, pictured below.

STEM Mobile Learning Lab—A Vehicle for Educating Virginia Students

Tuesday, 13 November 2012 13:45 by Info@YesVirginia.org
Since going on the road in spring 2010, the STEM Mobile Learning Lab has hosted 15,000 visitors from more than 300 locations. The lab offers numerous hands-on experiments as a method of educating K-12 students and members of the community in STEM subjects—science, technology, education and math...

Since going on the road in spring 2010, the STEM Mobile Learning Lab has hosted 15,000 visitors in more than 300 locations. The lab offers numerous hands-on experiments as a method of educating K-12 students and members of the community in STEM subjects—science, technology, education and math.

The STEM Mobile Learning Lab was established by the Institute for Advanced Learning and Research (IALR), a research, education and conference institute based in Danville, Va.

The 38-foot trailer contains multiple work stations, a clean area for experiments and a movie screen. Its impressive equipment list includes several laptops, high resolution microscopes, an HDTV video monitor, and additional demonstration gear. 

The STEM Mobile Learning Lab offers experiments in the areas of nanotechnology and renewable energy. Leading by example, the flex-fuel truck that tows the lab can run on either diesel fuel or cooking oil.

Using the STEM Mobile Learning Lab, students can participate in experiments that compare the energy efficiency of CFL and incandescent light bulbs, see how wind and solar power work, learn about energy conservation and how to weatherize doors and windows, and even look at microscopic particles on their own skin.

Preparing students to join the Commonwealth’s world-class workforce in the growing fields of science, technology, engineering and math is key to keeping Virginia at the top. According to Cyberstates 2011, Virginia has the nation’s highest concentration of high-tech workers.

To learn more about Virginia’s premier education system and quality workforce, click here.

Students use high resolution microscopes to participate in one of the many hands-on experiments offered by the STEM Mobile Learning Lab.

VEDP Releases Exporting Guide for Service Companies

Tuesday, 6 November 2012 09:18 by Info@YesVirginia.org
VEDP’s International Trade division recently released an exporting guide focused on the unique needs of service companies called “Exporting Services: A Guide for New Exporters”...

VEDP’s International Trade division recently released an exporting guide focused on the unique needs of service companies called “Exporting Services: A Guide for New Exporters.”

Some of the issues addressed in the guide include assessing export readiness, understanding export regulations, identifying a target market, protecting intellectual property, acquiring work permits and certifications, developing a market entry strategy, and negotiating financing and payment terms.

The services industry is thriving in Virginia—professional, scientific and technical services was the top sector for job creation in 2011, announcing 12,769 new jobs. With human capital as the major input, it’s no surprise that Virginia’s highly skilled workforce has proved to be a key advantage in growing this sector.

According to The Brookings Institution, Virginia’s service exports accounted for 42.6 percent of the state’s total exports in 2010, illustrating an opportunity to grow Virginia’s exports in a sector where the Commonwealth has the resources to leverage its success into international markets.

Helping Virginia companies grow sales overseas not only benefits Virginia businesses, but it also creates jobs at home. According to The Brookings Institution, Virginia exports supported more than 236,000 jobs in 2010.

To learn how VEDP’s International Trade division can help your company grow, go to www.exportvirginia.org.

Celanese Corp. Converts Giles County Celco Plant to Natural Gas

Friday, 2 November 2012 10:15 by Info@YesVirginia.org
Fortune 500 company Celanese Corp. just announced it will invest $150 million to convert its Celco Plant in Giles County, Va., from coal-fired to natural-gas fired boilers. The project will create 22 new full-time jobs, as well as employ an estimated 200 construction workers...

Fortune 500 company Celanese Corp. just announced it will invest $150 million to convert its Celco Plant in Giles County, Va., from coal-fired to natural-gas fired boilers. The project will create 22 new full-time jobs, as well as employ an estimated 200 construction workers.

Celanese Corp. is a global technology leader engaged in the production of specialty materials and chemical products used in a wide variety of industries and applications. The Virginia Celco Plant has helped make the company a leading producer of cellulose acetate tow, used in filter media.

The Celco Plant first established operations in Giles County, Va., in 1939 and is the largest employer in the county. Positioned along the New River and Route 460, this location offers the unique combination of a picturesque setting between the mountains, easy access to I-81, and close proximity to Virginia Tech and the region’s skilled and educated workforce.

This investment will allow the company to reduce its greenhouse gas emissions while updating equipment to improve its energy efficiency—two goals aligned with the company’s core values of sustainability and operational excellence.

This project continues the positive trend of Virginia manufacturers making significant investments to upgrade to more environmentally-friendly sources of energy. Last year, MeadWestvaco announced plans to invest $285 million to construct a new, state-of-the-art biomass boiler at its Covington plant, and just last week RockTenn hosted a ribbon-cutting ceremony to celebrate the completion of a natural gas pipeline to its West Point mill.

To learn why leading manufacturers continue to invest in the Commonwealth, bringing more than $13.8 billion in projects over the last decade, click here.

A view of the Celco Plant from across the New River.

VEDP Launches “YesVA” App

Thursday, 1 November 2012 13:48 by Info@YesVirginia.org
Today, VEDP launched the YesVA app for iPad, iPhone and Android devices available for download by visiting www.YesVirginia.org/app or through the App Store and Google Play Store...

Today, VEDP launched the YesVA app for iPad, iPhone and Android devices available for download by visiting www.YesVirginia.org/app or through the App Store and Google Play Store.

The YesVA app is an interactive tool that allows clients and site selection consultants to perform site and building searches and compare Virginia to other states, directly from a mobile device.

The YesVA app allows users to perform the following actions:
   •  Explore Virginia’s existing inventory of available properties in an easy-to-use map
   •  Navigate properties by type and narrow down options based on user requirements
   •  Save properties for later and share them with contacts
   •  View 1:1 attributes of how Virginia compares to other states in major business categories
   •  View profiles for each of the communities, regions and MSAs in Virginia
   •  View recent industry announcements for each community
   •  Communicate with VEDP regarding any of the properties within the app

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

To download the free YesVa app, visit www.YesVirginia.org/app or go directly to the App Store and Google Play Store.

A view from the main screen of the YesVa app.

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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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Prince George County Recognized as One of Eight Innovative U.S. Counties by NACo

Tuesday, 17 December 2013 16:46 by Info@YesVirginia.org
Prince George County, Va., gained recognition as one of eight innovative counties highlighted in the recently-released report Strategies to Bolster Economic Resilience — County Leadership in Action by the National Association of Counties...

Prince George County, Va., gained recognition as one of eight innovative counties highlighted in the recently-released report Strategies to Bolster Economic Resilience — County Leadership in Action by the National Association of Counties.

In the report, NACo highlighted the strategies, partnerships and initiatives these eight counties pursued in their unique approach towards economic development. Founded in 1935, NACo is the only national organization that represents county governments in the U.S.

Prince George County received recognition for its focus on targeted industries, particularly advanced manufacturing, as the county’s partnership with Rolls-Royce was noted. Rolls-Royce’s 1,000-acre Crosspointe Campus in Prince George County is the company’s largest and most advanced campus in North America. It includes a Rotatives operation and Advanced Airfoil Machining Facility, with room for expansion. 

Prince George County and Rolls-Royce were also instrumental in establishing the Commonwealth Center for Advanced Manufacturing adjacent to the Crosspointe Campus. CCAM celebrated its grand opening in March 2013 and functions as an applied research center, bringing together leading manufacturers and Virginia’s top educational institutions to collaborate and quickly turn ideas into real-world technologies. 

Homegrown company Service Center Metals was also mentioned in the study. The company recently celebrated its 10-year anniversary in Prince George County and announced plans to add a compact remelt plant. The company expects to add a total of 35 new jobs and invest $35 million through a two-phase expansion.

Through partnerships in the public, private and educational sectors, Prince George County has become a hub of advanced manufacturing innovation, drawing additional corporate partners and investment to the area.

To learn why Virginia has provided an innovative environment, allowing businesses to prosper here for more than 400 years, click here.

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

Homegrown Martinsville Company Expands — Textiles Solid as a Stone in Virginia

Wednesday, 11 December 2013 16:35 by Info@YesVirginia.org
When Virginia entrepreneur David Stone decided to start his own company, Solid Stone Fabrics, in 2003 he knew the perfect location — his hometown of Martinsville, Va...

When Virginia entrepreneur David Stone decided to start his own company, Solid Stone Fabrics, in 2003 he knew the perfect location — his hometown of Martinsville, Va. 

With a solid background in the fabrics industry, including stints at Kayser-Roth, Tultex, Reebok and Pine Crest Fabrics, Stone had the industry knowledge and contacts to hit the ground running and start a successful business out of his home. When a truckload of fabric showed up at his front door, his wife let him know it was time to expand.

Stone moved into the local business incubator at the West Piedmont Business Development Center and stayed there until 2008. He carved out a strong niche in the stretch fabric market, supplying materials for customers in the dancewear, swimwear, costume, team and other active apparel markets. The incubator provided much more than a physical location; it offered microloans to help along the way as the company grew.

Solid Stone Fabrics moved into its current location, a 24,000-squre-foot building in downtown Martinsville, in 2008. And, according to Stone, “That’s when things really took off,” which included adding sales offices in New Jersey and California.

“We were primed to do most of our manufacturing in Asia, but we found it difficult to do smaller runs and get a quick response for our customers,” said Stone. “That frustration led us to do more of our own manufacturing here at home in Virginia.”

At any one time, Solid Stone Fabrics has 250,000 yards of material at its facility in Martinsville, ready to respond quickly to both business and individual customers. Martinsville serves as the company’s headquarters and center of operations, which includes adding embellishments for its active apparel markets, printing flags and banners for high schools, and assisting global customers in sourcing and supplying their fabric needs.

To date, the company has 24 employees, and just this week announced plans to create 16 more jobs over the next three years and invest $1.0 million in a second facility in Martinsville. Located just a few blocks away, the second building will add 23,000 square feet of manufacturing space and is expected to be operational by December 15.

“It’s exciting to be back in your hometown and putting people back to work — 40 jobs means a lot,” said Stone.  “In addition, occupying these older buildings in Martinsville is really breathing new life into the heart of our city.”

As to why Stone chose to expand in Martinsville, the answer is simple, “The majority of our employees are from here and educated here. I have relied heavily on Patrick Henry Community College and I can’t say enough about the talent here in Southern Virginia,” said Stone. “We’ve received a lot of support from the City of Martinsville, Martinsville-Henry County Economic Development and the Tobacco Commission — we’re so grateful to have all of that assistance by our side when we need it.”

Solid Stone Fabrics illustrates the success entrepreneurs find when they start a business in the Commonwealth, as well as how competitive Virginia manufacturing is on a global scale. To learn why Virginia is the best state for business, click here.

Members of the Solid Stone Fabrics team discuss their latest innovations from company headquarters in Martinsville, Va.

Charlottesville Startup GigDog Launches from UVA’s i.Lab

Monday, 9 December 2013 16:38 by Info@YesVirginia.org

While working as a geo-political analyst for the Department of Defense, Anslem “J.R.” Gentle came up with an idea for an entertainment and promotion company.

J.R. saw how lesser-known musicians would advertise their upcoming performances on posters and realized even people who saw the posters were not likely to attend the concerts because they weren’t familiar with the music. Thus was born the idea for GigDog — a streaming interactive internet radio station that only plays the music of bands scheduled to perform in the local area within the following six weeks.

What helped turn GigDog from an idea into a real company was access to the UVA i.Lab, an incubator for start-ups in Charlottesville, Va. The i.Lab is the revamped version of the Darden School incubator and includes a newly-renovated space and expanded program. It is unique because it is open to both UVA students and members of the Charlottesville community.

UVA’s i.Lab includes office space with access to a 3-D printer for prototyping, a “pitch” room, workshop, large meeting area, media rooms with Skyping abilities, and a full coffee shop and collaboration area. Applications are due in early January and the year-long program begins in the spring. i.Lab can accommodate 25 companies per year and offers entrepreneurial workshops, a speaker series on topics of interest, and access to professors and the 11 schools within UVA.

GigDog was incorporated in the summer of 2012 and joined the i.Lab pilot program. GigDog’s benefit to both musicians and consumers has allowed it to grow quickly —  it became operational in January 2013 and has grown from 14 bands and 16 venues in Charlottesville to more than 500 bands and 445 venues in five cities.

“As an entrepreneur, being in an environment of like-minded people is paramount,” said GigDog founder J.R. Gentle. “I had the whole of UVA and Darden as a resource. If I needed help with marketing or finance questions I could talk to those professors. I also learned just as much talking to the fellow entrepreneurs in the program.”

GigDog has just launched a RocketHub crowdfunding campaign to expand into additional cities. To experience GigDog visit http://www.gigdog.fm/ and to learn more about the UVA i.Lab visit http://www.ilabatuva.org/

GigDog founder J.R. Gentle chats with another entrepreneur and i.Lab director Philippe Sommer (left to right).

Lumi Juice — From Start-up to Store Shelves in Six Months

Monday, 25 November 2013 09:43 by Info@YesVirginia.org
Graduating MBA student Hillary Lewis could hardly imagine what the next few months would hold when two of her professors at UVA’s Darden School of Business approached her about creating a consumer products company. The timeline below illustrates how quickly a company can start up in Virginia’s supportive entrepreneurial environment...

Graduating MBA student Hillary Lewis could hardly imagine what the next few months would hold when two of her professors at UVA’s Darden School of Business approached her about creating a consumer products company. The timeline below illustrates how quickly a company can start up in Virginia’s supportive entrepreneurial environment.

April — Walking through a natural foods store, Hillary learned about High Pressure Processing, a unique technology that inactivates bacteria while at the same time preserving vital nutrients in food and beverages. Inspiration struck and Hillary came back to her professors with the idea for a healthy juice company. 

She chose the name Lumi, which is an acronym for LoveUMeanIt, a slogan Hillary shared with her undergrad sorority sisters. The company was incorporated on April 18 and the brand message is one of both loving the company’s juices, as well as loving yourself by consuming healthy products.

May — Hillary and her professors visited the High Pressure Processing Laboratory, part of Virginia Tech’s renowned Food Science and Technology program. The team learned that HPP is an innovative technology in food safety that kills microorganisms and extends shelf life through extreme water pressure. It avoids using chemicals and heat that can alter the taste and nutritional content of foods and beverages.

June — Hillary headed to Miami to visit Hiperbaric, the world’s leading manufacturer of HPP equipment for the food industry. She came away with additional knowledge and an agreement to lease one of the company’s machines for arrival in September.

July — The next step involved looking for a space to set up manufacturing. Hillary worked with economic developers in Albemarle County to find a suitable building. She found the perfect location at 1822 Broadway Street in Charlottesville, an industrial district that is within walking distance of the downtown mall area. The 12,000-square-foot facility is approximately 50 percent manufacturing, with the remainder allocated for office and warehouse space.

August — Lumi began setting up shop in an empty warehouse, which included adding everything from plumbing to electricity. Dominion Virginia Power was particularly helpful in upgrading the facility to the necessary 480 volts in an expedited time frame.

September — The Hiperbaric machine was delivered and the team configured production, warehousing and office space.

October — On October 11, Lumi produced the first HPP juice off the production line. VDACS came out to inspect the facility, and according to Hillary, “On October 25 we got the okay to sell and it was game on!”

November — The company has been selling its fresh vegetable and fruit juices for almost four weeks. Lumi has already branched out from Charlottesville to retailers such as Whole Foods Market and Relay Foods in Richmond, D.C., and Rockville, Md. From weeks three to four the company has more than doubled sales.

According to Hillary, “One reason I went to business school was to start my own company. I believe in the viability of manufacturing in the U.S. and in creating jobs and industry at home. I feel really fortunate there have been so many wonderful people that have been a part of this. We wouldn’t be here today without the support of partners at the university, state and county level. I feel extremely thankful and regardless of the obstacles, every day is more wonderful than the one before.”

Use the highlighted links to learn more about Lumi Juice and why Virginia is a great place to start a business.

Hillary Lewis, co-founder of Lumi Juice, expands sales through a product display in Richmond’s Ellwood Thompson’s Natural Foods Market.

Virginia Entrepreneurs — Dr. Lucy’s Takes Gluten-Free Global with VALET Program

Thursday, 21 November 2013 16:44 by Info@YesVirginia.org
Ten years ago, Dr. Lucy Gibney’s experience with food allergies was fairly typical for a board-certified emergency medicine physician. That all changed when her four month old son had a life-threatening allergic reaction to infant formula...

Ten years ago, Dr. Lucy Gibney’s experience with food allergies was fairly typical for a board-certified emergency medicine physician. That all changed when her four month old son had a life-threatening allergic reaction to infant formula.

Food safety quickly became a priority; however, at the time Dr. Lucy had trouble finding allergy-free products that were both safe and tasted good. Having developed a love of baking and experimenting with recipes since childhood, she combined this with her medical training in nutrition to develop delicious, allergy-free baked goods the whole family could enjoy.

Dr. Lucy and her husband wanted to share their cookies, brownies and snacks with other families, and thus was born Dr. Lucy’s line of baked goods, free from gluten, milk, eggs, peanuts and tree nuts.

In 2007, Dr. Lucy’s opened a 2,500-square-foot bakery in Norfolk, Va. The company outgrew this space three years ago and moved into a facility that has now grown to 22,000 square feet, including a dedicated bakery, warehouse, office space and laboratory to ensure sourced ingredients have not been cross-contaminated with any allergens. 

The company has expanded to more than 100 employees and managed to double sales every year since inception. Dr. Lucy’s began selling to natural food and grocery stores in the Hampton Roads area, and expanded throughout the mid-Atlantic region on its own momentum. Within the first six months, the company established a Midwest presence through an industry trade show in Chicago and gained an introduction to a buyer at Whole Foods Market by attending the Virginia Food and Beverage Expo. Dr. Lucy’s products are now in more than 6,000 retail locations across the U.S.

Dr. Lucy’s became a member of VEDP’s Virginia Leaders in Export Trade program in July 2012 after some early growth in Canada and the U.K. VALET helped the company research which new markets to focus on, and provided introductions to international consumer products experts, banking relationships and legal consults.

According to Dr. Lucy, “VALET put everything we needed right there in front of us. We really benefitted from the research component to check our facts and feel comfortable investing resources in a particular direction. Especially as a small company, having a jump start with core competencies in the international arena makes a big difference — it could have taken us years to develop this on our own.”

Through the VALET program, Dr. Lucy’s is expanding deeper into Europe and is now shipping to Mexico. To learn more about VALET and what VEDP’s international trade program can do for you, click here.

Dr. Lucy’s develops Spanish-language packaging as it prepares to enter the Mexican market.

Virginia Makes History Again — Orbital Sciences Launches First Satellite Built by High School Students

Wednesday, 20 November 2013 13:56 by Info@YesVirginia.org
At approximately 8:15 p.m. last night, Orbital Sciences launched the first satellite built by high school students, a team from Thomas Jefferson High School for Science and Technology in Alexandria, Va...

At approximately 8:15 p.m. last night, Orbital Sciences launched the first satellite built by high school students, a team from Thomas Jefferson High School for Science and Technology in Alexandria, Va. 

The satellite, known as TJ3SAT, is a CubeSat that has been designed, built and tested by more than 50 students at Thomas Jefferson and represents nearly seven years of work. Orbital Sciences mentored the students and provided financial support, as well as space testing facilities.

TJ3SAT measures 10 x 10 x 11 cm and weighs approximately two pounds. Its payload consists of a voice synthesizer that converts text to voice. Once it enters Earth orbit, students from around the world will be able to freely access the satellite by sending strings of text to the TJ3SAT website. Approved messages will be transmitted to the satellite, where they will be converted to voice signals and transmitted back to Earth using amateur radio frequency.

TJ3SAT launched from the Mid-Atlantic Regional Spaceport Pad-OB at NASA’s Wallops Flight Facility on the Eastern Shore of Virginia. MARS is one of only four commercial sites approved by the FAA for orbital space launches, and offers an ideal trajectory for Earth orbit insertion.

Orbital Sciences launched TJ3SAT with 27 other CubeSats aboard a Minotaur I rocket as part of its ORS-3 mission for the U.S. Air Force.

The collaborative partnership between Orbital Sciences and Thomas Jefferson High School for Science and Technology illustrates Virginia’s position at the forefront of STEM education (science, technology, engineering and math), preparing students for careers in advanced fields, such as aerospace.

Use the highlighted links to learn more about the TJ3SAT program and Virginia’s leadership in the aerospace industry.

The Minotaur I rocket, carrying the first satellite built by high school students, launches from MARS at NASA’s Wallops Flight Facility. Photo courtesy of NASA Wallops/Chris Perry.

Virginia Conference on World Trade Celebrates 65 Years of Global Business Success

Wednesday, 13 November 2013 09:48 by Info@YesVirginia.org

VEDP’s international trade division recently hosted more than 200 professionals at the 65th annual Virginia Conference on World Trade in Williamsburg, Va.

The two-day event provided attendees with the opportunity to develop their international network with in-country experts, as well as attend sessions where panelists offered practical advice on how to expand sales in the global marketplace.

The event kicked off with an evening networking reception featuring Ignite Speed Networking, a Virginia company that has the world’s only platform for group-based speed networking.

Prior to the conference, attendees were encouraged to take the Global Mindset Survey offered by the renowned Thunderbird School of Global Management. The next morning, Dr. Mansour Javidan, Director of the Najafi Global Mindset Institute and Garvin Distinguished Professor at Thunderbird, went over the results of the survey and helped attendees pinpoint areas to improve their cross-cultural interactions.

Participants then chose between two tracks for the main portion of the day. Track A included a session each on how to gain traction in the South American, Asian and European markets. Track B was geared towards defense companies and offered sessions on the Foreign Military Sales process, the Australia/U.S. Defense Trade Cooperation Treaty, and how to manage and motivate foreign distributors.

The keynote address was provided by Michael Eyestone, Minister-Counsellor (Commercial Policy) and Senior Trade Commissioner at the Embassy of Canada in Washington, D.C. Eyestone discussed the plentiful opportunities that Canada offers as the U.S.’ No. 1 export destination. It provides a strong entry point for companies new to exporting due to the ease of restrictions and common language.

The conference concluded with an evening banquet where three awards were given, recognizing excellence in international trade. The Commonwealth of Virginia Governor’s Award for Excellence in International Trade was given to Moog Components Group out of Blacksburg, Va. The Virginia International Business Council Global Excellence Award recognized Joseph Ruddy, chief operating officer at Virginia International Terminals. The Virginia TradePort Innovator of the Year Award was given to Shawn Utt of Pulaski County.

Save the date for next year’s conference, October 29-30, at The Richmond Marriott in Richmond, Va. Visit www.vacwt.org for conference details and www.exportvirginia.org to learn how VEDP can help your company sell overseas.

Paul Grossman, VEDP vice president of international trade, congratulates Greg Boyer, vice president of sales at Moog Components Group, for winning The Commonwealth of Virginia Governor’s Award for Excellence in International Trade.

UMW Hosts Transformation 20/20 — A Regional Economic Development Summit

Monday, 4 November 2013 10:34 by Info@YesVirginia.org
Last week, University of Mary Washington hosted Transformation 20/20, a summit focused on economic development in the greater Fredericksburg region...

Last week, University of Mary Washington hosted Transformation 20/20, a summit focused on economic development in the greater Fredericksburg region.

The goal of Transformation 20/20 is to develop a clear vision as the region moves toward the year 2020. The summit brought together more than 150 public and private sector attendees to discuss opportunities for collaboration across the Fredericksburg region.

Preparation for the summit began a year earlier when UMW President Rick Hurley, the UMW Center for Economic Development, and Fredericksburg Regional Alliance met with local economic development professionals and business leaders in the community. FRA is the first Virginia economic development organization to be formally affiliated with a higher education institution and is housed on UMW’s campus.

Part of the year-long planning process involved commissioning a study from Chmura Economics & Analytics, and those results were presented at the summit.

The Chmura report identified six industry clusters economic developers should include as part of their strategy to encourage job creation and capital investment in the Fredericksburg region. They include business services, finance/insurance/real estate, health and life sciences, information/communications, manufacturing, and public administration.

The Fredericksburg Regional Chamber of Commerce also presented the results of a survey of young professionals, ages 21-40, in the region. The survey found that these young adults were pleased with the job market and planned to stay in the Fredericksburg area. The group suggested improvements to traffic congestion and more recreational and networking opportunities would increase their likelihood to remain in the region.

Transformation 20/20 served as a catalyst for identifying areas of opportunity to encourage economic prosperity in the Fredericksburg community. Continued conversations about how to improve traffic, increase broadband infrastructure, and encourage entrepreneurs are expected to take place — UMW plans to make Transformation 20/20 an annual event.

To learn more about FRA and the UMW Center for Economic Development, click on the highlighted links.

UMW President Rick Hurley and Fredericksburg City Council Member Matt Kelly (right to left) discuss economic development strategy at the Transformation 20/20 summit. Photo courtesy of Fredericksburg Patch.com/Susan Larson.

STIHL Inc. Wins AME 2013 Manufacturing Excellence Award

Friday, 25 October 2013 16:19 by Info@YesVirginia.org
The Association for Manufacturing Excellence recently recognized STIHL Inc. with a 2013 Manufacturing Excellence Award at its recent AME International Excellence Inside Conference in Toronto, Canada...

The Association for Manufacturing Excellence recently recognized STIHL Inc. with a 2013 Manufacturing Excellence Award at its recent AME International Excellence Inside Conference in Toronto, Canada.

The AME Manufacturing Excellence Award is given to North American manufacturing plants that have demonstrated excellence in their manufacturing and business operations. AME seeks to acknowledge manufacturers that have implemented continuous improvement, lean principles, creativity and innovation.

STIHL’s award-winning Virginia Beach facility serves as both its U.S. headquarters and base of operations to manufacture more than 280 models of chains saws and other power equipment. The company manufactures the No. 1 brand of chain saws in the world.

According to the company, “The AME assessment team noted the facility’s strides toward the establishment of a continuous improvement system, focusing on the implementation of advanced technology, integration of automation, data systems, work instructions, signaling devices and steps toward the establishment of flow.”

Since opening its Virginia Beach plant in 1974, STIHL has grown from 20,000 square feet under one roof to more than two million square feet on a 150-acre campus. With a talented workforce of 1,900 Virginians, the company exports products to more than 90 countries around the world.

Over the last 20 years, STIHL has announced more than $335 million of investment in the Commonwealth. What keeps an innovative global leader like STIHL coming back? Virginia has successfully competed against China, Brazil and Germany due to its highly-skilled workforce, premier logistics system and pro-business environment.

To learn more about the innovative environment Virginia offers global leaders like STIHL, click here.

Glenn Marshall, chair of AME’s Manufacturing as a Desirable Career Path program; Brent Sheffler, managing director, Knowledge Transfer and Strategic Outreach at VEDP; Christian Koestler, vice president of operations at STIHL Inc.; and Dale Gehring, Chairman of AME, celebrate STIHL’s AME 2013 Manufacturing Excellence Award in Toronto, Canada.

Williamsburg-James City County School System Celebrates National Manufacturing Day

Wednesday, 23 October 2013 13:48 by Info@YesVirginia.org
The Williamsburg-James City County School system recently celebrated Manufacturing Day with tours of three local manufacturing operations...

The Williamsburg-James City County School system recently celebrated Manufacturing Day with tours of three local manufacturing operations.

Manufacturing Day is a national program that encourages companies across the U.S. to provide tours to local high school students and teachers. The goals are to illustrate the high-tech nature of the industry, encourage students to explore careers in manufacturing and STEM subjects, and build relationships between school systems and the manufacturing community.

A group of students, teachers, guidance counselors and school board members from WJCC were able to witness firsthand the advanced logistical operations of Wal-Mart Import Distribution Center and the high-tech food packaging operations of Ball Corp. and Printpack Inc.

“Our region is known for its strength in the hospitality industry. We wanted to let students know there are opportunities in other fields right here in their own community,” said Kate Sipes, one of the event organizers and business development and retention coordinator at James City County Office of Economic Development.

WJCC is also the first public school system in North America to sign up for the Association of Manufacturing Excellence “Adopt a School” initiative. This allows AME to partner with schools and local businesses to share best practices and help design curricula to improve career readiness.

“Manufacturing Day allowed students to see what modern manufacturing is — a sleek, technology-driven industry full of high-paid, fulfilling careers,” said Glenn Marshall, chair of AME’s Manufacturing as a Desirable Career Path program.

Just down the road, Newport News Shipbuilding also hosted a similar event to educate guidance counselors from the region on the advanced operations and rewarding careers available at the shipyard.

Virginia continues to be a leader in preparing students for advanced manufacturing careers with strong STEM education programs. To learn more, click here.

WJCC students, teachers and school administrators gather for a tour of Printpack Inc. as part of national Manufacturing Day.

Virginia Institute of Marine Science Bolsters the Commonwealth's Oyster Industry

Wednesday, 16 October 2013 11:08 by Info@YesVirginia.org

The Virginia Institute of Marine Science (VIMS) has played an important role in the recovery of the Commonwealth’s oyster industry through its research and educational offerings. 

The popular species of oyster found along the Atlantic Coast is named Crassostrea virginica, literally “Virginia oyster,” because of its predominance in Virginia waters, including the Chesapeake and its tributaries. Unfortunately, the wild oyster beds and natural reefs off Virginia’s coastline have been depleted over the last 100 years due to overfishing, pollution, disease and changing water temperature and saline levels.

These factors have caused the industry to migrate towards aquaculture techniques that involve cultivating oysters and closely monitoring their growth phases on and offshore.

VIMS partners with local oyster farms by sharing its scientific and industry research, providing education on sustainable aquaculture techniques, and guiding companies through the regulation process.

This has enabled small businesses to prosper, such as Rappahannock River Oyster Co. Recently featured in national news, the great grandsons of the founder quickly learned the ropes after taking over the 100-year-old family business in 2001.

Today, the company owns three restaurants and ships 100,000 oysters per week to restaurants all over the U.S., as well as Hong Kong. Rappahannock River Oyster Co. is helping to repopularize the Virginia oyster and offers four flavors. The “Rappahannock” is the sweetest variety and is grown in the Rappahannock River, while “Olde Salts” from the Chincoteague Bay is the saltiest.

According to Rappahannock River Oyster Co. Director of Operations, Captain Anthony Marchetti, “VIMS has laid the foundation to help develop quality seed that allows us to grow more oysters. Over the last five years, we’ve seen a 500 percent increase in the production of our Rappahannock oysters.”

That growth is occurring across the industry. According to VIMS, the number of aquaculture oysters sold by Virginia farms has increased from 0.8 million in 2005 to 28.1 million in 2012.

“Renewed interest in regional flavors and sustainable food practices has helped drive this market,” said Karen Hudson, VIMS Commercial Shellfish Aquaculture Extension Specialist. “It’s already an economically valuable industry and one that has lots of potential to grow. In 2012, there was an economic output of almost $20 million associated with single oyster aquaculture in Virginia.”

Click on the highlighted link to learn more about VIMS aquaculture programs or attend the Virginia Aquaculture Conference in November.

Captain Anthony Marchetti examines a successful crop of the company’s sweet “Rappahannock” oysters, fresh from the Rappahannock River. Photo courtesy of Rappahannock River Oyster Co. 

 

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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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Mexican Company Announces First U.S. Location in Pulaski County, Va.

Wednesday, 20 March 2013 10:46 by Info@YesVirginia.org
From New River Community College last week, Governor McDonnell announced that Red Sun Farms will establish its first U.S. location in Pulaski County, Va., to produce organic, greenhouse grown tomatoes. The $30 million investment will create 205 new jobs over the next five years...

From New River Community College last week, Governor McDonnell announced that Red Sun Farms will establish its first U.S. location in Pulaski County, Va., to produce organic, greenhouse grown tomatoes. The $30 million investment will create 205 new jobs over the next five years.

Part of the Agricola El Rosal group based in Mexico, Red Sun Farms produces tomatoes, bell peppers and cucumbers using greenhouse hydroponics. The company’s high technology includes the use of hot water heating, carbon dioxide injection, climate control and fully-automated irrigation.

With plans to build a 45-acre greenhouse operation, Red Suns Farms will be the first tenant in the New River Valley Commerce Park, a 1,000-acre industrial site located four miles from I-81 and 30 minutes from Virginia Tech.

Virginia was able to successfully compete against Tennessee because Pulaski County offered the right mix of resources, including ideal climate conditions, a ready workforce, and a central location providing prime access to East Coast markets.

In addition, Pulaski County offers excess water capacity combined with very competitive electric rates. The region maintains its skilled workforce through access to 12 colleges and universities within a 60-mile radius, and provides a strong quality of life through two state parks, the Jefferson National Forest, and close proximity to the Appalachian Trial and Blue Ridge Parkway.

Virginia’s food and beverage industry continues to build momentum—just last week the Governor announced more than $176 million in capital investment and 265 new jobs in this growing sector. 

To learn why food and beverage companies continue to choose the Commonwealth, investing more than $1.9 billion over the last decade, click here.

Governor McDonnell presents a Virginia flag to Thierry Legros, Red Sun Farms Managing Director, during the company’s announcement event in Pulaski County, Va.

Shamrock Farms Breaks Ground in Augusta County, Virginia

Monday, 18 March 2013 17:01 by Info@YesVirginia.org
On Friday, Governor McDonnell attended a ground-breaking ceremony to announce Shamrock Farms’ plans to build a dairy manufacturing facility in Augusta County, Va., which will bring a $50 million investment and 60 new jobs to the region...

On Friday, Governor McDonnell attended a ground-breaking ceremony to announce Shamrock Farms’ plans to build a dairy manufacturing facility in Augusta County, Va., which will bring a $50 million investment and 60 new jobs to the region.

Since its founding in 1922, Shamrock Farms has grown to become one of the largest family-owned-and-operated dairies in the U.S. This is the company’s first operation in Virginia.

During the ceremony, officials broke ground on Shamrock Farms’ state-of-the-art, 130,000-square-foot facility which will be located at Mill Place Commerce Park. This investment will allow the company to better serve the East Coast market and meet growing demand for its On-the-Go mmmmilk and Rockin’ Refuel brands. 

Through its ultra-pasteurization process and airtight safety seal, Shamrock Farms’ extended shelf life products stay fresher on store shelves for longer.

Virginia successfully competed against Maryland and West Virginia because Augusta County offered the right infrastructure mix—a strong, local milk supply chain, an advanced manufacturing workforce, and a strategic location with easy access to Virginia’s premier transportation network through I-81.

Shamrock Farms is not the only food and beverage company to find success in Augusta County—McKee Foods, maker of Little Debbie® snack cakes, has operated a manufacturing plant there for more than 22 years, and credits the region’s skilled workforce with achieving significant productivity gains.

Last week alone, the Governor announced more than $176 million in capital investment and 265 new jobs in Virginia—all from the Commonwealth’s food and beverage industry.

To learn why more than 550 food and beverage manufacturing companies have established operations in the Commonwealth, including household names like Hershey Foods, Nestlé Prepared Foods, Kraft Foods, and Green Mountain Coffee Roasters, click here.

Governor McDonnell (third from left) is joined by company, state and local officials, as well as Roxie, the Shamrock Farms’ mascot, at the company’s ground-breaking ceremony in Augusta County, Va.

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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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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YesVirginia Business Blog | All posts tagged 'economic development'

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Commonwealth Laminating & Coating Announces Second Expansion in Nine Months

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

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

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

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

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

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

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

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

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

McKee Foods Expands Manufacturing Operation in Augusta County

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

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

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

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

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

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

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

Virginia is Top 3 Again in Business Facilities’ 2012 State Rankings Report

Wednesday, 15 August 2012 16:46 by Info@YesVirginia.org
Virginia again received a top three ranking in two coveted categories—the Commonwealth was ranked No. 3 in Best Business Climate and No. 2 for Economic Growth Potential. Virginia also received top ten recognition in the categories of Employment Leaders, Credit Quality, Per Capita Income, and Workforce Health and Safety...

Virginia again received a top three ranking in two coveted categories—the Commonwealth was ranked No. 3 in Best Business Climate and No. 2 for Economic Growth Potential. Virginia also received top ten recognition in the categories of Employment Leaders, Credit Quality, Per Capita Income, and Workforce Health and Safety.

As part of its eighth annual ranking, Business Facilities magazine weighed factors such as educational climate, the availability of workforce training, cost of labor, infrastructure, utility costs, credit rating and business tax climate. The magazine gave extra credit to states that have established pro-business policies.

According to Business Facilities magazine, “As the Commonwealth continues to rack up an impressive tally of corporate headquarters relocations, Virginia also has established itself as a high-tech hub with its new Commonwealth Center for Advanced Manufacturing, anchored by jet-engine maker Rolls-Royce.”

Virginia also received recognition for its leadership in two industry sectors— Aerospace and Biotech.

The Commonwealth was ranked No. 7 in the category of Aerospace/Defense Industry Leaders. With more than 230 aerospace companies calling Virginia home, the Commonwealth continues to attract industry leaders such as Alcoa Howmet, Cobham Composite Products, Dynamic Aviation, Northrop Grumman, Dynamic Aviation, Orbital Sciences, Rockwell Collins and Rolls-Royce. First in the nation for Department of Defense Prime Contracts in 2011, companies have invested more than $1.5 billion in relocating or expanding in Virginia over the last 10 years.

Virginia was also ranked No. 2 as an Emerging Biotech Hub. Located in the heart of the Mid-Atlantic life sciences cluster, Virginia offers biotech companies access to 11 federally-funded R&D centers as well as leading private institutions, such as SRI International and the Howard Hughes Medical Institute. With the highest concentration of high-tech workers according to Cyberstates 2011, it’s easy to see why nearly 800 life science companies have chosen to locate operations in the Commonwealth.

To learn why companies have prospered in the Commonwealth for more than 400 years, click here.

World’s Largest Credit Union Expands Virginia Footprint

Monday, 13 August 2012 15:53 by Info@YesVirginia.org
Navy Federal Credit Union recently announced plans to expand its member service operation in Winchester, Va. The multi-million dollar investment will bring 400 new jobs to Frederick County...

Navy Federal Credit Union recently announced plans to expand its member service operation in Winchester, Va. The multi-million dollar investment will bring 400 new jobs to Frederick County.

Virginia successfully competed against Florida, as Navy Federal elected to construct an additional building on its Winchester campus.

Headquartered in Fairfax County, Va., Navy Federal’s additional investment in nearby Frederick County is further testament to the success the company has found in Virginia. Navy Federal has operated its member service center in Frederick County for six years, growing to more than 500 employees at the existing facility.

As the world’s largest credit union with $50 billion in assets, Navy Federal has successfully grown from seven members in 1933 to four million members today. The company serves Department of Defense personnel and their families through a full range of financial products and services.

Member service operations are dependent upon skilled employees to provide excellent customer services critical to their success. The company’s continued growth in Virginia illustrates the high quality and motivation of its premier workforce.

As Navy Federal President and CEO Cutler Dawson said, “We have tremendous team members that work at our Winchester facility. This expansion will allow us to bring aboard even more in the future.”

To learn more about Virginia’s skilled workforce and why companies keep coming to the Commonwealth for its pro-business environment, click here.

Cadence Inc. Celebrates Growth in Virginia—Expansion is Ahead of Schedule

Friday, 10 August 2012 13:57 by Info@YesVirginia.org
Secretary Cheng visited Cadence headquarters in Staunton, Va., to announce the company was well ahead of schedule in both job creation and capital investment for the expansion announced in May 2011...

Secretary Cheng visited Cadence headquarters in Staunton, Va., to announce the company was well ahead of schedule in both job creation and capital investment for the expansion announced in May 2011.

In just over a year, Cadence has filled 55 of the 65 jobs the company announced it would create over a three-year period, and the company expects to create 50 additional jobs by the end of the year. Cadence has already put to work $11 million of the $15 million the company announced it would invest over the same three-year period.

A medical instrument components manufacturer, Cadence’s impressive growth is being fueled by strong demand in the medical device industry. The company manufactures high-performance, custom-made cutting blades used in in surgical devices and scientific applications. As a premier contract manufacturer, the company is a sought-after partner for its manufacturing knowledge and high performance solutions.

With options as far away as Costa Rica, Cadence decided to expand at its existing headquarters location at Green Hills Industry and Technology Park in Staunton, Va. Founded in the Commonwealth in 1985, the company has thrived due to Virginia’s pro-business climate, competitive operating costs, and highly-skilled manufacturing workforce.

“Our impressive job creation story is really a story about great employees doing amazing things that open the door for more employees to join our team,” said Cadence CEO Peter Harris. “So as Virginians and Americans, we should all thank the hard work of many individual Cadence employees for their success in creating jobs during this period of economic challenge for the country.”

To learn why manufacturing companies like Cadence continue to find success in the Commonwealth, investing more than $13.7 billion over the last 10 years, click here.

Secretary Cheng congratulates Cadence employees on their tremendous growth at company headquarters in Staunton, Va.

Morooka America Establishes its First U.S. Track Carrier Manufacturing Plant

Tuesday, 7 August 2012 12:45 by Info@YesVirginia.org
Following Governor McDonnell’s announcement in July, last week Morooka America celebrated the opening of its first U.S. track carrier manufacturing plant in Hanover County. The project will bring 50 new jobs to the Central Virginia region...

Following Governor McDonnell’s announcement in July, last week Morooka America celebrated the opening of its first U.S. track carrier manufacturing plant in Hanover County. The project will bring 50 new jobs to the Central Virginia region.

Morooka America will operate under a license agreement with Japan-based Morooka Company Ltd., a leading manufacturer of rubber track carriers used in the construction, pipeline installation and agricultural industries. Using its specialized rubber tracks, the Morooka Carrier offers the additional traction needed to transport heavy materials through challenging terrain.

With the U.S. as the leading export destination for Morooka products, the Virginia facility will allow the company to optimize its supply chain and more efficiently serve and grow its North and South American markets. 

Virginia offers a strategic location for both the manufacturing and distribution of Morooka’s products. With nearly 240,000 workers employed in the manufacturing industry, Virginia’s workforce stands ready to support the industry’s needs.

In addition, Virginia’s central East Coast location and premier logistics network offer easy access to U.S. and international markets. With 14 railroads, six major interstate highways, nine commercial airports, the international Port of Virginia, and the Virginia Inland Port, the Commonwealth’s substantial logistics infrastructure is a major advantage for companies.

To learn why global manufacturing companies continue to establish operations in Virginia, investing more than $13.7 billion over the last 10 years, click here.

Secretary Cheng addresses the crowd at the Morooka America ribbon-cutting event in Hanover County, Va.

International Paper’s Franklin Mill Finds a New Tenant in Tak Investments

Thursday, 2 August 2012 10:10 by Info@YesVirginia.org
This week, Tak Investments Inc. announced it will invest $60 million and create 85 new jobs to establish a recycled tissue plant for its subsidiary, ST Tissue, in Isle of Wight County...

This week, Tak Investments Inc. announced it will invest $60 million and create 85 new jobs to establish a recycled tissue plant for its subsidiary, ST Tissue, in Isle of Wight County.

A win-win for the company and county, this project will repurpose a vacant portion of the International Paper mill in Franklin, Va., making use of machinery already in place.

This news comes within a month of International Paper’s announcement that it recommenced operations at its formerly-closed Franklin Mill. After closing the mill in 2009, International Paper upfit a portion of the mill to manufacture fluff pulp, bringing more than 200 new jobs to the region.

Location and existing infrastructure were key factors in Virginia’s favor, allowing the Commonwealth to successfully compete against Wisconsin. The Franklin Mill location allows the company to take advantage of an existing facility with paper-making machinery and a trained workforce already in place.

In addition, the location not only aligns with the company’s supply chain, but Virginia’s strategic East Coast location and premier transportation infrastructure will allow the company to capture additional market share. 

This project builds on the success Isle of Wight County has experienced on its way towards economic recovery. Recent announcements from Green Mountain Coffee Roasters and International Paper are expected to bring more than 1,000 jobs to the area.

To learn why leading manufacturers continue to select the Commonwealth, investing more than $13.8 billion from 2002 to 2010, click here.

Ace Hardware Celebrates Grand Opening of East Coast Import Center in Virginia

Tuesday, 31 July 2012 15:08 by Info@YesVirginia.org
Last Thursday, Ace Hardware held a ribbon-cutting ceremony to celebrate the grand opening of its East Coast import center at the Centerpoint Intermodal Center in Suffolk, Va...

Last Thursday, Ace Hardware held a ribbon-cutting ceremony to celebrate the grand opening of its East Coast import center at the Centerpoint Intermodal Center in Suffolk, Va.

The project, which includes a 336,000-square-foot facility, was announced last fall and is expected to bring a $14 million investment and 75 new jobs to the Hampton Roads region. 

The East Coast import center builds upon the company’s existing Virginia presence, which includes 275 employees at its regional distribution center in Prince George County, and many more Virginia employees at the 54 independently-owned stores located across the Commonwealth.

As Ace Hardware’s first and only import center on the East Coast, the facility will allow the company to optimize its supply chain to retail locations. It also validates the Hampton Roads region as a center of international trade.

Virginia was selected for its strategic location and premier transportation system, which includes access to the international Port of Virginia, one of the largest intermodal facilities on the East Coast and the only U.S. East Coast location able to handle post-Panamax vessels as first port of call. Virginia also offers 14 railroads, an inland port, six major interstate highways and nine commercial airports.

To learn more about Virginia’s burgeoning logistics industry and why companies have invested more than $1.6 billion in logistics projects across the Commonwealth over the last 10 years, click here.

Representatives from Ace Hardware Corporation, the City of Suffolk and the Commonwealth of Virginia celebrate the grand opening of the company’s new East Coast import center.

Renewable Energy Company Enviva Breaks Ground on Virginia Manufacturing Facility

Friday, 27 July 2012 15:01 by Info@YesVirginia.org
Lieutenant Governor Bill Bolling and Secretary Todd Haymore attended Enviva’s ground-breaking ceremony at the Southampton County Commerce and Logistics Center in Franklin, Va...

On Wednesday, Lieutenant Governor Bill Bolling and Secretary Todd Haymore attended Enviva’s ground-breaking ceremony at the Southampton County Commerce and Logistics Center in Franklin, Va.

Enviva began construction on its 454,000-metric-ton wood pellet manufacturing facility after announcing this project would bring a $75 million investment and 64 new jobs to Southampton County last November. The facility is expected to support more than 100 additional jobs through the company’s logging supply chain.

As a leading biomass fuel supplier, Enviva’s commitment to sustainable practices is evident in its location requirements. To minimize its carbon footprint, the company seeks strategic locations offering close proximity to both biomass sources as well as waterways and ports, for easy shipment to international customers.

Southeastern Virginia is uniquely positioned to meet the company’s needs on both counts. According to Enviva Chairman and CEO John Keppler, “Southampton County has all the elements essential to our success: a rich wood basket, a strong and seasoned timber industry, a skilled and experienced labor force, and is logistically advantaged to our Port of Chesapeake export terminal.”

This past New Year’s Eve, Enviva opened its deep water terminal at the Port of Chesapeake. The company selected Virginia’s Port of Chesapeake for its deep water capacity and ability to handle a variety of vessels. The company’s inaugural shipment consisted of 28,000 metric tons of wood pellets destined for Europe aboard the MV Daishin Maru.

With the Commonwealth's “all-of-the-above” approach to energy, this investment continues Virginia’s quest to lay claim to the title “Energy Capital of the East Coast.” From conventional fuel mining to renewable energy producers, Virginia provides energy companies with the resources for success.

To learn why energy companies have invested more than $4.6 billion in Virginia over the last ten years, click here.

Lieutenant Governor Bill Bolling and Enviva CEO John Keppler (center) join state, local and company officials at the Enviva ground-breaking ceremony in Franklin, Va.

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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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