Suzanne West Clark
Two Central Virginia Companies Selected to Participate in Virginia’s VALET Program
-Two-year export program provides resources to support international business-
RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of two Central Virginia companies into its two-year Virginia Leaders in Export Trade (VALET) program. The new companies are Analytics Corporation of the Town of Ashland, and Dominion Voltage Inc. of the City of Richmond. 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. Participating firms are chosen based on their dedication to growth through export.
Currently, the VALET program has 50 companies as participants. New participants in the program have access to $15,000 in reimbursement funds from the Commonwealth. The program provides participating companies assistance from a team of experienced international service providers to help meet their international goals. Private sector service providers, such as attorneys, web 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 25th class of the VALET program. To participate, each eligible business must meet several quantitative criteria and complete an application process. To date, 209 Virginia companies have been accepted to participate in the VALET program.
“The VALET program puts participating companies on the fast track to international business growth by connecting them with the necessary tools for successful export sales,” 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.”
Analytics was founded in 1977 as an industrial hygiene laboratory. By combining scientific expertise, state-of-the-art instrumentation and leading edge information management systems, Analytics is committed to delivering the highest quality analytical laboratory services to our clients. Analytics’ mission is to partner with our clients to work towards a cleaner environment, while building a long-term relationship founded on high quality analytical services, delivered on time, in the most cost-efficient manner. Our corporate philosophy is to maintain a strong financial position so that we can always meet or exceed the expectations of both our clients and employees.
Dominion Voltage Inc.
Dominion Voltage Inc. is a subsidiary of Dominion Energy Holdings Inc. and is backed by the financial strength of Dominion Resources Inc., one of the nation’s largest producers and transporters of energy. This strength is demonstrated by its cash flows from operating activities, its strong balance sheet, and solid and stable credit ratings.
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 24-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, Japan, India and the United Kingdom.
To learn more about the VALET program, visit www.ExportVirginia.org.