Suzanne West Clark
Four Northern Virginia Companies Selected to Participate in Virginia’s VALET Program
-Two-year program provides resources to support international business-
RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of four Northern Virginia companies into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.
The new companies accepted into the program include Cask, LLC of Stafford County; ENSCO, Inc., and Euclid Systems Corporation, both of Fairfax County; and Trinity Applied Strategies Corporation of the City of Alexandria.
Currently, the VALET program has 47 companies as participants. The program provides participating companies assistance from the Commonwealth and from a team of experienced international service providers to help meet their international goals. These private sector service providers, such as attorneys, website designers, bankers, translators, accountants and freight forwarders contribute essential expertise to assist companies in executing their export initiatives.
These Virginia companies join the program as part of the 24th class of the VALET program. To participate, each eligible business must meet several quantitative criteria and complete an application process. Participating firms are chosen based on their dedication to growth through export. Currently, more than 200 Virginia companies have been accepted to participate in the VALET program.
“The VALET program generates international sales for Virginia businesses,” said Paul Grossman, VEDP Vice President of International Trade. “Since its inception in 2002, the program has worked with more than 200 businesses to accelerate their international sales growth. Because of the program’s proven success and because jobs are created when Virginia companies sell more into global markets, it is important that we continue to assist Virginia companies through the program. We are happy to welcome these companies to VALET and look forward to working with them over the course of the next two years.”
Cask provides technology, investment, acquisition/procurement and advisory services to both government and commercial clients. The company helps clients identify, aggregate and analyze the financial, technical, security and process-related information necessary to make and measure investment decisions.
ENSCO provides unique solutions for challenges in national security, transportation, environmental science, machine vision, automated inspection and control, signal processing, range systems and managed engineering services, making travel safer.
Euclid Systems Corporation
Euclid Systems develops ophthalmic devices and therapies. The company designed the world's first contact lenses that correct vision overnight while the patient is sleeping.
Trinity Applied Strategies Corporation (TAS-Corp)
TAS-Corp provides risk management services to private sector corporations and government agencies. They design and implement cost effective risk mitigation plans and strategies using their own unique software tools and management processes.
The Virginia Economic Development Partnership
The Virginia Economic Development Partnership, a marketing organization, was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support the development and expansion of the economy of the Commonwealth. The Partnership is a state authority, which is governed by a 25-member Board of Directors appointed by the Governor and the Virginia General Assembly. To accomplish its objectives of promoting economic expansion within the Commonwealth, the Partnership focuses its efforts on business recruitment, expansion and international trade. VEDP has offices in Virginia, China, Germany, Mexico, Japan, India and the United Kingdom.
To learn more about VALET program, visit www.ExportVirginia.org.