Sumitomo Machinery Corporation Celebrates 50 Years in North America

Friday, 3 June 2016 11:40 by Info@YesVirginia.org

Sumitomo Machinery Corporation of America (SMCA) is celebrating the 50th anniversary of its North American headquarters, located in Chesapeake, Virginia.

Sumitomo Machinery Corporation of America is a subsidiary of Sumitomo Heavy Industries, one of the largest manufacturers of machinery in Japan and the global leader in power transmission knowledge and innovation. SMCA is the premiere power transmission and control solution provider and has customers across the U.S. and globally.

In 1987, Sumitomo relocated to Chesapeake from New Jersey and constructed a new manufacturing facility for the production of its cyclo drive technologies, speed reducers, speed variators, motors and related industrial gears.

Sumitomo has experienced consistent growth since joining the Commonwealth. In 2009, SMCA announced its first Engineering and Service Center would open in Chesapeake, and in 2012, they shared plans for the first phase of a three year investment strategy to transition their 250,000-square-foot facility from an assembly and distribution center to an assembly and manufacturing facility. 

In August 2013, the company announced a definitive merger agreement with Hansen Industrial Transmissions Inc., a leading provider of large size industrial gear drives, which operates at the HNA facility in Verona, Virginia.

Since locating to Virginia, Sumitomo has invested over $60 million in the Commonwealth and has 264 employees in Chesapeake, Suffolk and Verona.

Virginia’s strategic central location on the U.S. East Coast and access to the Port of Virginia has made an ideal home for Sumitomo.

To learn why more than 5,500 manufacturing companies like Sumitomo have chosen to locate in Virginia, click here.


Mayor of Chesapeake Alan Krasnoff and Secretary of Commerce and Trade Maurice Jones recognize Sumitomo leadership during the anniversary event.

Cybersecurity Industry Surges Ahead in Virginia

Thursday, 12 May 2016 10:46 by Info@YesVirginia.org

Northern Virginia has surpassed the Tri-State New Jersey / New York region as the largest data center market in the U.S., with nearly 20 percent of the market share in enterprise demand in 2015, according to a study published by JLL.

Although Virginia’s data center industry is largely concentrated in Northern Virginia, the sector supports communities across the Commonwealth. In 2014, the total statewide economic impact attributable to the data center industry was approximately 36,043 jobs, $2.7 billion in wages, $8.6 billion in economic output, and $298.9 million in state and local tax revenue.

The substantial benefit of the data center industry boom across Virginia is highlighted in a recently published report by the Northern Virginia Technology Council —The Economic and Fiscal Contribution that Data Centers Make to Virginia.

According to the NVTC report, data centers are a critical part of the infrastructure that supports the modern economy, not only in the technology sector, but in advanced manufacturing, entertainment, finance, healthcare, information, retail, telecommunications, and almost every other sector of the economy as well.

The industry generates significant tax revenues. Data centers are very capital-intensive and that translates into a disproportionate amount of property tax revenue, by far the largest source of revenue for Virginia localities.

Click here to access NVTC’s full report and learn more about Virginia’s thriving data center industry.

 

The Southern Virginia Higher Education Center’s Welding Program Holds Its First Completion Ceremony

Tuesday, 22 December 2015 14:49 by Info@YesVirginia.org

The Southern Virginia Higher Education Center’s Welding program held its first completion ceremony on December 10.

The ceremony recognized the first 15 students to enroll in Welding@SVHEC, a short term, accredited training program that provides students with instruction in MIG, TIG, stick and pipe welding. This non-credit program is accredited by the National Center for Construction Education and Research. Welding instruction takes place in the SVHEC’s new, state-of-the-art welding lab.

This program started in response to employer requests for more trained, certified workers. The SVHEC’s Workforce Services department worked with Virginia Technical Institute to bring this program to South Boston, Virginia.

Virginia has a nationally acclaimed education system which ensures businesses have a steady pipeline of skilled workers, and now adds another industry recognized program to Southern Virginia.

The Virginia Community College System provides occupational and technical training programs, many of which are designed specifically to meet the needs of surrounding employers. Welding@SVHEC is a great example of how Virginia works with both higher education and companies to provide students with industry specific skills. To learn more about Virginia’s 23 community colleges, located on 40 campuses around the state, click here.

Class of 2015 Welding@SVHEC completers and instructors in South Boston, Virginia.

Virginia — The Only State Ranked in Top Five Since the Inception of Pollina’s Pro-Business Study

Tuesday, 10 November 2015 15:28 by Info@YesVirginia.org
Virginia has again received a top ranking in the Pollina Corporate Real Estate/AEDI Top 10 Pro-Business States for 2015. For the third straight year, the Commonwealth was ranked No. 4 overall and was the top state on the East Coast. Virginia was ranked in the top three from 2004-2012...

Virginia has again received a top ranking in the Pollina Corporate Real Estate/AEDI Top 10 Pro-Business States for 2015. For the third straight year, the Commonwealth was ranked No. 4  overall and was the top state on the East Coast. Virginia was ranked in the top three from 2004-2012.

“Clearly a national leader in the 12 years of this study, no other state comes close to Virginia when it comes to being a consistent pro-business state. Virginia holds the distinction of being the only state to remain within the top five pro-business states for the entire history of this study,” said Brent A. Pollina, president of Park Ridge, Illinois-based Pollina Corporate Real Estate Inc. and author of the study.

Virginia received an overall grade of A as it has for the last five years. The Commonwealth was the No. 1 state in the Stage II section, which is based on metrics at the state economic development agency level, such as incentives and marketing/website/response to new and existing employers.

“Governor Terry McAuliffe and the Virginia Economic Development Partnership should be commended for their efforts to consistently remain competitive, as they have clearly worked to preserve the tools Virginia needs to remain one of the most pro-business state in the country,” continued Pollina.

The Pollina study is considered the “gold standard” for evaluating states on 32 factors controlled at the state government level, including taxes, human resources, education, right-to-work legislation, energy costs, infrastructure spending, regulatory environment, workers’ compensation laws and economic incentive programs.

Consistency of a state’s performance is an important consideration when companies are making long-term decisions about corporate site locations that require significant capital investment.

“The key to Virginia’s success is its ability to balance low taxes, a good labor force, and a strong economic development program. With a Stage I rank of #9 and a Stage II rank of #1, Virginia has one of the most well-rounded business climates in the nation.”

To learn why Virginia has the right resources that have allowed companies to prosper here for more than 400 years, click here.

Photo courtesy of Virginia Department of Transportation.

The Hague Security Delta Signs Cybersecurity Agreement with Fairfax County and VEDP

Friday, 16 October 2015 16:27 by Info@YesVirginia.org
Last week, VEDP joined Fairfax County Economic Development Authority and The Hague Security Delta for a cybersecurity event in Tysons Corner, Va...

Last week, VEDP joined Fairfax County Economic Development Authority and The Hague Security Delta for a cybersecurity event in Tysons Corner, Va.

The Hague Security Delta is based in the Netherlands and represents the largest security cluster of businesses, governments and academic institutions in Europe. It establishes partnerships with global security leaders to share knowledge, increase business activity and create a more secure world.

A delegation of almost 30 Dutch and Flemish companies attended the event in Tysons Corner to discuss security issues with leading Virginia technology companies and institutions.

The Hague Security Delta, Fairfax County EDA and VEDP closed the program by having representatives sign a Memorandum of Understanding to increase cooperation between the cybersecurity centers.

The parties pledged to bolster innovation-based collaboration by promoting trade with each country's industry clusters; encouraging mutual exchanges with business, government and academic leaders; fostering R&D cooperation through joint enterprises and research centers; exploring joint initiatives at the highest levels of government on security matters; and joining efforts to identify technology commercialization opportunities.

This event and agreement illustrates Virginia’s leadership in technology, once again. The Commonwealth is a key part of the nation’s Cyber Capital and a major hub in the cybersecurity industry. To learn more about Virginia’s cybersecurity assets, click here.

Ulrich Seldeslachts, CEO at LSEC; Ida Haisma, executive director of The Hague Security Delta; Martin Briley, president and CEO of VEDP; and Gerald L. Gordon, Ph.D., president and CEO of FCEDA; sign the MOU in Tysons Corner, Va. Photo courtesy of FCEDA.

VEDP COO Dan Gundersen Awarded IEDC’s 2015 Honorary Life Member Designation

Wednesday, 7 October 2015 16:07 by Info@YesVirginia.org
VEDP Chief Operating Officer Dan Gundersen was awarded the International Economic Development Council’s 2015 Honorary Life Member Designation...

VEDP Chief Operating Officer Dan Gundersen was awarded the International Economic Development Council’s 2015 Honorary Life Member Designation.

Gundersen was presented with the award this past Monday during the IEDC Annual Conference in Anchorage, Alaska. He also served as moderator of the first session at the conference, “How to be a World Class Economic Developer,” where he led a panel with representatives from four continents who discussed innovative approaches and trends in economic development.

“The designation of Honorary Life Member is given by IEDC to an active or former member who is progressing the profession of economic development as a teacher, or, who has motivated others in several communities,” said JoAnn Crary, CEcD, Chair of the International Economic Development Council and President of Saginaw Future Inc. “Mr. Gundersen has been dedicated to our industry and has, indisputably, earned this distinction.”

VEDP created the COO position in the spring of 2014 to manage all day-to-day operations and develop competitive strategies for success. Gundersen was recruited to the job in Virginia due to his deep background as a senior economic development official in three other states:  New York, where he reported directly to the governor, both as Commissioner of Economic Development and as Upstate Chairman for the Empire State Development Corporation; Pennsylvania, where he held the number two job as Executive Deputy Secretary; and Maryland, where he was Assistant Secretary for Business Development.

At the metropolitan level, he led economic and workforce development efforts for Baltimore County, Md., where he produced the county’s first economic development operations strategy, and before that worked in Philadelphia with business leaders and the mayor to form public/private partnerships in impoverished neighborhoods. 

Throughout his career, Gundersen and his teams helped structure deals resulting in the creation and retention of more than 150,000 jobs. These projects include world, North American and regional headquarters facilities.

“As economic developers, our job is to help produce economic growth so that businesses succeed,” said Gundersen. “How we do that is complex. Why we do it, is what really matters. For me, economic development is about making a positive difference in people’s lives and communities. It’s that simple and powerful.”

To learn more about Gundersen’s work at VEDP, promoting Virginia as the location with the right combination of resources that have helped businesses succeed for more than 400 years, click here.

Check out VEDP’s Ad for the UCI Road World Championships on NBC Sports

Tuesday, 22 September 2015 16:41 by Info@YesVirginia.org
As many of you are already aware, the 2015 UCI Road World Championship cycling event is taking place in Richmond this week. Excitement has built around the event, which is returning to the U.S. for the first time in nearly 30 years...

As many of you are already aware, the 2015 UCI Road World Championship cycling event is taking place in Richmond this week.

Excitement has built around the event, which is returning to the U.S. for the first time in nearly 30 years. It is a huge coup for Richmond to have been selected as the host city and furthers its reputation as a global destination. The championships are held annually in an international city chosen by the Union Cycliste Internationale through a competitive bidding process.

With 450,000 spectators expected to watch the race onsite and a TV audience in the hundreds of millions, this is certainly a tremendous opportunity to represent Virginia on the world stage. 

The Virginia Tourism Corp. has partnered with Richmond 2015, the organizer of the nine-day event, and will air 500 30-second commercials across U.S. domestic television broadcasts during the event. As part of Virginia's sponsorship, VEDP received a portion of these spots and produced a new commercial tailored to the UCI event that is airing on NBC Sports Network during the race this week.

VEDP worked with Richmond companies Elevation Advertising to create the ad and The Branching to produce it. Overcoast developed the original background track, incorporating the cycling sounds.

Richmond is fortunate to have a strong cycling culture and was able to draw upon local talent to film the ad. We’re grateful to Carytown Bicycle Company, who provided items for the shoot, and local cyclist John Eiler, who rides for Team Carytown Bicycle Company and appears in the commercial.

Sports commentators have already remarked on the beauty of the city and the diverse and challenging courses that Richmond offers to competitors.

To learn why Virginia is a great place to live, work and play, click here. Check out our TV ad below.

McKee Foods Celebrates 25 Years in Virginia

Wednesday, 26 August 2015 16:14 by Info@YesVirginia.org
McKee Foods recently celebrated the 25th anniversary of its Stuarts Draft manufacturing facility in Augusta County, Va. McKee Foods is known for its Little Debbie® line of snack cakes. The family business has grown from a five-person bakery in the 1930’s to America’s No. 1 brand of snack cakes...

McKee Foods recently celebrated the 25th anniversary of its Stuarts Draft manufacturing facility in Augusta County, Va.

McKee Foods is known for its Little Debbie® line of snack cakes. The family business has grown from a five-person bakery in the 1930’s to America’s No. 1 brand of snack cakes.

The Stuarts Draft plant is one of the most advanced facilities in the baking industry. The company established the bakery in 1990 to produce oatmeal crème pies, honey buns and other bakery products.

The company’s most recent announcement in October 2014 included a $34 million investment and 54 new jobs to expand the facility.

McKee Foods employs more than 1,000 people and is the largest manufacturing employer in Augusta County. The company frequently credits the high productivity of its Virginia workforce as paramount to its success.

"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," said McKee Foods President and CEO Mike McKee.

In addition to a strong manufacturing workforce, Virginia provides McKee Foods with a strategic location, offering easy access to the company’s Northeastern and Canadian customers. Located in the beautiful Shenandoah Valley, the Stuarts Draft location offers McKee employees a high quality of life with close proximity to the Blue Ridge Parkway, Appalachian Trail and numerous national parks.

To learn why more than 580 leading food and beverage companies, like McKee Foods, have chosen to locate in Virginia, click here.

Representatives from McKee Foods, Augusta County and VEDP celebrate the company’s 25th anniversary in Stuarts Draft, Va. Photo courtesy of McKee Foods Corp.

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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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nt-size: x-small;">Orbital Sciences' Antares rocket and Cygnus spacecraft launch from Pad-OA of the Mid-Atlantic Regional Spaceport (MARS) at the NASA Wallops Flight Facility in Virginia.  Photo color-enhanced and courtesy of NASA/Bill Ingalls.

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The MACH37 Cyber Accelerator Opens in Herndon, Virginia

Tuesday, 17 September 2013 16:10 by Info@YesVirginia.org
Virginia’s new MACH37 Cyber Accelerator recently opened at the Center for Innovative Technology (CIT) in Herndon, Va., just five months after the announcement of its creation...

Virginia’s new MACH37 Cyber Accelerator recently opened at the Center for Innovative Technology (CIT) in Herndon, Va., just five months after the announcement of its creation.

The MACH37 accelerator program is designed to capitalize on Virginia’s expertise in the cybersecurity industry and help launch additional start-up companies developing innovative technology in this area.

The first five companies selected for this program are Cypherpath, Key Cybersecurity Inc., Pierce Global Threat Intelligence, CyberLingua, and Sikernes.

These companies will participate in two 90-day sessions. At the beginning of the first session, they will receive seed funding, followed by introductions to a network of cybersecurity experts and investors to help mentor and develop their products and technology. 

At the end of the first 90-day session, the companies will go before a professional panel on Demo Day. If the presentation is successful, selected companies will receive additional funding and be allowed to participate in the second 90-day session.

The MACH37 Cyber Accelerator is modeled after the Y-Combinator, an accelerator program in Silicon Valley that has helped develop more than 460 companies. The MACH37 program helps cybersecurity entrepreneurs bridge the gap between idea generation and commercialization. 

The program is named after the escape velocity of Mach 37, the minimum velocity needed to launch passed the earth’s gravitational field.

MACH37’s location at CIT is in the hub of the Dulles Technology Corridor, providing early stage companies access to a solid pipeline of high-tech employees.

In addition, CIT is partnering with Virginia Tech to develop a cyber test range available to MACH37 companies. This remotely-accessible test center will be located nearby at Virginia Tech’s Hume Center for National Security and Technology in Arlington, Va.

The MACH37 Cyber Accelerator is another shining example of how Virginia’s public and private institutions partner to create an innovate environment for entrepreneurs to create new products and technology. 

To learn more about Virginia’s pro-business research and development opportunities, click here.

Governor McDonnell meets with members of the cybersecurity community during the MACH37 Cyber Accelerator grand opening event at CIT in Herndon, Va.

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First Deep Space Mission Launches from Virginia’s Wallops Flight Facility

Monday, 9 September 2013 17:03 by Info@YesVirginia.org
At approximately 11:27 p.m. on Friday, September 6, NASA, Orbital Sciences and the Virginia Space Flight Authority launched the LADEE (Lunar Atmosphere and Dust Environment Explorer) Mission from Virginia’s Mid-Atlantic Regional Spaceport (MARS) Pad OB at NASA’s Wallops Flight Facility on Virginia’s Eastern Shore...

At approximately 11:27 p.m. on Friday, September 6, NASA, Orbital Sciences and the Virginia Space Flight Authority launched the LADEE (Lunar Atmosphere and Dust Environment Explorer) Mission from Virginia’s Mid-Atlantic Regional Spaceport (MARS) Pad OB at NASA’s Wallops Flight Facility on Virginia’s Eastern Shore.

The LADEE Mission accomplishes a number of firsts—it is the first deep space mission to launch from the Wallops Flight Facility, as well as the first payload to launch on the U.S. Air Force’s Minotaur V rocket. The Minotaur V launch vehicle was built by Virginia company Orbital Sciences. 

The LADEE spacecraft was constructed using Modular Common Spacecraft Bus Architecture, representing a departure from custom design towards assembly production and multi-use design in order to reduce costs.

Upon completing three phasing orbits around the earth, the LADEE spacecraft will enter the moon’s orbit through a three-minute Lunar Orbit Insertion maneuver that involves firing the spacecraft’s onboard propellant for approximately three minutes.

After being captured by the moon’s gravitational field, LADEE will orbit around the moon for a 100-day science phase to collect data and study the lunar atmosphere. The moon’s atmosphere is classified as a surface boundary exosphere, a thin layer that is theorized to be the most common type of atmosphere in the universe.

Scientists hope to determine the density, composition and variability of the moon’s atmosphere, as well as learn more about the lunar dust environment. Knowledge gained through this mission can be extrapolated to the atmosphere of other planets, including Earth.

With another Antares mission expected to launch in mid-September from the MARS facility, Virginia remains at the forefront of U.S. space exploration. MARS is one of only four commercial sites authorized by the FAA for orbital space launches, and offers an ideal trajectory for earth orbit insertion.

To learn more about Virginia’s burgeoning aerospace industry, click here.

The LADEE Mission launches from Virginia’s Mid-Atlantic Regional Spaceport at NASA’s Wallops Flight Facility on September 6. Photo courtesy of NASA/Carla Cioffi.

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Service Center Metals Celebrates 10-year Anniversary and Expansion

Thursday, 5 September 2013 12:46 by Info@YesVirginia.org
Service Center Metals recently celebrated 10 years of doing business in Prince George County, Va. The ceremony, attended by Lieutenant Governor Bill Bolling, included a ground-breaking celebration for a second plant at the SouthPoint Business Park location...

Service Center Metals recently celebrated 10 years of doing business in Prince George County, Va. The ceremony, attended by Lieutenant Governor Bill Bolling, included a ground-breaking celebration for a second plant at the SouthPoint Business Park location.

Service Center Metals was founded in 2002 by three former Reynolds Metals executives to produce aluminum extruded products. As its name implies, Service Center Metals has chosen to focus exclusively on a unique niche—service center customers. 

After weathering the ups and downs of the last 10 years, the company now boasts more than 120 employees and $145 million in revenue. Since its opening, Service Center Metals has produced more than 635 million pounds of extrusions.

The company’s expansion includes a compact remelt plant that will be located adjacent to its extrusion plant. Currently, Service Center Metals must ship its aluminum scrap to and from a third-party provider to be remelted. Bringing this process in-house will allow the company to better recycle its scrap materials, as well as serve its customers more quickly and in an environmentally-friendly way.

As a home-grown manufacturing company, Service Center Metals is a strong example of the success entrepreneurs experience when they start a business in the Commonwealth. To learn more about Virginia’s innovative business environment, click here.

Lieutenant Governor Bill Bolling (left center) joins company and local officials at the Service Center Metals ground-breaking ceremony in Prince George County, Va.

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

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

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

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

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

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

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

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

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

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VEDP Launches ‘Going Global’ Initiative for Defense Companies

Tuesday, 13 August 2013 14:45 by Info@YesVirginia.org
Today, VEDP announced the launch of its ‘Going Global’ initiative as part of its strategy to help Virginia defense companies mitigate the effects of sequestration...

Today, VEDP announced the launch of its ‘Going Global’ initiative as part of its strategy to help Virginia defense companies mitigate the effects of sequestration.

Sequestration is the name for the automatic federal spending cuts that began on March 1 as part of the Budget Control Act of 2011, enacted by Congress to resolve the U.S. debt-ceiling crisis.

The impact of Sequestration has been less severe than expected—Department of Defense contracts decreased from $56.9 billion in FY2011 to $51.5 billion in FY2012. However, the Commonwealth is the top state for DoD contracts, raising concerns that lost contracts could results in lower revenues for Virginia companies unless they can find new customers.

As part of its sequestration mitigation strategy, VEDP is working with Virginia defense companies to help them find those new customers overseas. The receipt of nearly $2 million in federal and state funds will allow VEDP to augment some of its most successful programs already underway within the International Trade division. 

For example, defense companies will be able to utilize VEDP’s Global Network team of in-country consultants from more than 55 countries. Market research services include compiling background information, identifying potential distributors, conducting due diligence, arranging matchmaking appointments with potential partners and customers, assessing competition, and helping companies understand the regulatory environment.
 
VEDP will be able to assist companies with export compliance. Virginia companies participating in this program will receive an export compliance analysis, including guidance on completing a Commodities Jurisdiction Analysis and submitting the required paperwork to the Department of State in compliance with International Traffic in Arms Regulations.

The grant will also allow companies to enhance their marketing and digital presence to target foreign markets through website translation and search engine optimization.

VEDP recently released an export guide for defense companies titled Export Opportunities for Virginia’s Defense Industry. The guide outlines regulations, processes and strategies specific to the defense industry, and contains marketing and sales best practices for both new and experienced exporters. 

VEDP’s International Trade division offers a wide variety of programs to help Virginia companies succeed in the global marketplace. To learn more, click here.

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Virginia Receives Numerous Top Rankings from Business Facilities Magazine

Friday, 9 August 2013 10:35 by Info@YesVirginia.org
Once again, Virginia received a number of top rankings in Business Facilities’ 2013 State Rankings Report. The Commonwealth was ranked No. 5 for Best Business Climate and No. 8 for Economic Growth Potential...

Once again, Virginia received a number of top rankings in Business Facilities’ 2013 State Rankings Report. The Commonwealth was ranked No. 5 for Best Business Climate and No. 8 for Economic Growth Potential.

The strength of Virginia’s workforce and education system was recognized through a No. 8 ranking for Best Education Climate and a No. 9 in the Employment Leaders category.

A number of Virginia’s key industries were also touted by the study. Virginia was ranked No. 4 in the Data Center category. Data center investment has grown at a rapid pace in the Commonwealth due to Virginia’s plentiful high-tech workforce, substantial broadband infrastructure, and low-cost environment. In 2012, Virginia saw more than $1 billion in investment in this sector.

Virginia was ranked No. 7 in the Aerospace/Defense Industry Leaders category. This comes as no surprise, as the Commonwealth is the No. 1 state for Department of Defense contracts and is home to a number of global aerospace and defense companies due to its strengths in the high-tech and manufacturing spaces, strong military presence and close proximity to federal customers. Virginia also offers one of only four commercial sites authorized by the FAA for orbital space launch.

Often referred to as the “Energy Capital of the East Coast,” Virginia was recognized as a Biofuels Leader with a No. 7 ranking. The Commonwealth has seen a number of announcements in this sector—Enviva is currently completing construction on a 454,000-metric-ton wood pellet manufacturing facility in Southampton County. The company will utilize Southern Virginia’s rich wood basket, seasoned labor force, and proximity to the Port of Chesapeake to provide biomass for its international customers.

In addition, three Virginia localities were recognized in the Business Facilities Metro Rankings Report. Prince George County was rated No. 7 for Economic Growth Potential, due in part to expansions at Ft. Lee, Rolls-Royce and the Commonwealth Center for Advanced Manufacturing (CCAM). 

Newport News and Norfolk were ranked No. 2 and No. 9, respectively, as Logistics Leaders (Ports) for their proximity to the international Port of Virginia. Offering access to 250 ports in more than 100 overseas locations, the Port of Virginia is the only U.S. East Coast location able to handle post-Panamax vessels as first port of call.

Virginia continues to receive top accolades because the Commonwealth offers the location and resources businesses need to succeed. To learn why companies have prospered in Virginia for more than 400 years, click here.

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Access to broadband and faster internet speeds has increasingly become a catalyst for economic growth. This is especially important in high-tech sectors, such as Healthcare IT, as we move further into the knowledge economy.

The Virginia Center for Innovative Technology recently released its annual 2013 Healthcare IT Assessment, which again points to Virginia’s position as a technology leader.

First, access to broadband has increased. Since 2010, the percentage of the Virginia population with access to broadband has grown from 33 percent to 97 percent.

Second, Virginia is a national leader in broadband speed. In 2013, the Commonwealth was able to increase its average download speed by 33 percent to 11.1 Mbps (megabits per second), moving Virginia up to a No. 3 national ranking. Virginia remains well ahead of the national average, which is 8.7 Mbps.

Third, Virginia also improved its average peak connection speed. In 2013, the Commonwealth increased its peak connection speed to 44 Mbps, vs. the national average of 36.3 Mbps. This puts the Commonwealth at a No. 6 ranking and reflects a year-over-year improvement of 29 percent.

These increases in broadband access and speed are helping to grow sectors, such as Healthcare IT, that require the transmission of large amounts of data. In 2013, Virginia ranked No. 3 in hospital-based adoption of Electronic Medical Records. Over the last four years, Virginia hospitals have consistently shown greater than 90 percent adoption rate of EMR. Other medical providers across the Commonwealth are also closing the gap in early adoption of EMR, with 86.5 percent of Virginia physicians participating in 2013.

To continue improving care and offer a higher quality of service to patients, the next step for healthcare providers is participation in initiatives, such as Healthcare Information Exchanges and Telehealth Services. According to the study, 50 percent of Virginia hospitals participated in HIE and 58.6 percent offered Telehealth Services in 2013.

The CIT study illustrates how Virginia’s leadership in building a robust broadband network has laid the groundwork for growth in high-tech sectors like Healthcare IT. To learn more about Virginia’s innovative, technology-driven environment and how the Commonwealth can help your business, click here.

Virginia Values Veterans — Helping Employers Reenergize their Labor Pool

Monday, 27 January 2014 14:15 by Info@YesVirginia.org
Virginia Values Veterans, also known as V3, is an initiative to help Virginia companies better reach out to veterans as part of their talent acquisition strategy and make Virginia the most veteran-friendly state in the country...

Virginia Values Veterans, also known as V3, is an initiative to help Virginia companies better reach out to veterans as part of their talent acquisition strategy and make Virginia the most veteran-friendly state in the country.

More than 18,000 people exit Virginia military bases each year and enter the civilian workforce. While most programs are geared towards helping veterans navigate this change, V3 is unique because it trains the employers on how to attract and retain these valuable workers.

V3 is managed by the Virginia Department of Veterans Services. Since the program was first announced in June 2012, 161 certified organizations have pledged 5,218 jobs to veterans and made 3,099 hires to date.

The program offers employers access to training, coaching and networks for best-practices sharing on how to build their veteran-employment pipeline. V3 is targeting companies with less than 1,000 employees because this group represents the majority of total hiring decisions.

Interested employers begin by taking a free online assessment test to determine their current level of vet friendliness and readiness for the V3 Certification Process. By completing milestones at each stage, employers earn V3 Certification from Bronze to Gold level.

The program is expected to be a win-win, reducing veteran unemployment and helping companies gain access to a skilled pipeline of workers they might otherwise miss out on.

V3 is hosting its 2014 Kick-Off Conference in Richmond on February 11. To sign up and learn more, visit http://virginiavaluesvets.com/.

The Launch Place Brings Entrepreneurs to Virginia’s Dan River Region

Tuesday, 14 January 2014 16:22 by Info@YesVirginia.org
The Launch Place is bringing businesses to Southern Virginia. As the leading entity to recruit and support entrepreneurs in the Dan River Region, the organization announced its first seed fund investment in KSI Data Sciences...

The Launch Place is bringing businesses to Southern Virginia. As the leading entity to recruit and support entrepreneurs in the Dan River Region, the organization announced its first seed fund investment in KSI Data Sciences.

KSI will receive an initial investment of $150,000, and another $100,000 after successfully testing its prototype for video and data management solutions used in remote sensing platforms on unmanned aircrafts, vehicles and mobile devices. The KSI team plans to relocate to the Dan River District later this month.

Formerly called the Southside Business Technology Center, the Launch Place has assisted start-ups and early stage companies since 2005. After receiving a $10 million grant from the Danville Region Foundation in 2012, the organization was able to add seed funding to its capabilities as a business incubator and rebranded itself as the Launch Place.

What makes the Launch Place unique is its strategy of recruiting entrepreneurs, and then providing the support to allow their businesses to organically grow in the Dan River Region. Through a partnership with VT KnowledgeWorks, entrepreneurs in the program receive free mentoring through the planning, launch and growth stages of starting a business. The Launch Place team also provides a variety of business consulting services, including business plan development, market research, financial modeling and competitor analysis.

The Launch Place helps entrepreneurs reduce start-up costs by offering residential housing and office space subsidies to entrepreneurs that commit to stay in Danville for three years. The Dan River District provides a great place to live, work and play through its historic downtown area, riverfront walking and biking trails, plentiful water sports, concerts, festivals and other recreational activities.

The Launch Place is another example of the innovative support that Virginia offers to entrepreneurs and small business owners. To learn more, click here

A view of the Launch Place headquarters in the historic downtown area of the Dan River District.

Orbital Sciences Launches First Cargo Resupply Mission to the International Space Station

Thursday, 9 January 2014 16:33 by Info@YesVirginia.org
At 1:07 p.m. today, Orbital Sciences successfully launched its first resupply mission to the International Space Station from Pad-OA of the Mid-Atlantic Regional Spaceport at NASA’s Wallops Flight Facility on Virginia’s Eastern Shore...

At 1:07 p.m. today, Orbital Sciences successfully launched its first resupply mission to the International Space Station from Pad-OA of the Mid-Atlantic Regional Spaceport at NASA’s Wallops Flight Facility on Virginia’s Eastern Shore.

Orbital Sciences’ Antares rocket launched the Cygnus spacecraft into Earth’s orbit, where it is currently traveling towards the ISS at approximately 17,500 mph. The spacecraft is expected to rendezvous with the ISS early Sunday morning.

Cygnus is carrying 2,780 pounds of supplies to the Expedition 38 crew, including science experiments, provisions for the crew, spare parts and experiment hardware. The payload includes 23 science experiments that will involve more than 8,600 students across the U.S. and Canada.

Known as the Orb-1 Mission, this is the first actual resupply mission to the ISS following a successful demonstration mission to the ISS in September.

As part of its $1.9 billion Commercial Resupply Services contract with NASA, the Orb-1 Mission is the first of eight resupply missions to the ISS, expected to deliver approximately 20,000 kilograms of cargo through 2016.

The Orb-1 Mission comes right on the heels of a positive announcement from the Obama Administration — the president approved an extension of the ISS through 2024, allowing for the possibility of more resupply missions past 2016.

The success of today’s launch is another illustration of Virginia’s leadership in the space industry. Through MARS, Virginia offers one of only four commercial sites authorized for orbital space launches.

To learn more about Virginia’s thriving aerospace industry, click here.

A view of the Antares rocket ready for launch from Pad-OA of MARS at NASA’s Wallops Flight Facility in Virginia. Photo courtesy of NASA/Bill Ingalls.

FAA Selects Virginia Tech as Test Site for Unmanned Aircrafts

Friday, 3 January 2014 16:03 by Info@YesVirginia.org
The FAA recently announced that Virginia Tech was selected as one of six test sites across the country to conduct research on unmanned aircraft systems...

The FAA recently announced that Virginia Tech was selected as one of six test sites across the country to conduct research on unmanned aircraft systems.

This initiative will help the FAA establish safety standards that will allow UAS, such as drones, to share airspace and integrate with commercial airlines. Test sites were selected for their geographic and climate diversity, as well as existing infrastructure and aviation experience.

The test site at Virginia Tech will focus on UAS failure mode testing, and identify and evaluate operational and technical risk areas.

Virginia Tech led the submission of a joint proposal for Virginia, New Jersey and Maryland called the Mid-Atlantic Aviation Partnership. In order to enhance the region’s competitiveness, the governors of each state agreed to support the initiative, and Virginia Tech will partner with Rutgers University and the University of Maryland, College Park.

Virginia has already shown its support for UAS and securing the Commonwealth’s position as an aerospace leader. In December, Governor McDonnell announced Virginia Tech would receive more than $2.6 million in Federal Action Contingency Trust funds to operate the UAS test site.

In addition, the Mid-Atlantic Aviation Partnership successfully completed its first flight in October with a team from the Virginia Center for Autonomous Systems, a research partnership between Virginia Tech’s Institute for Critical Technology and Applied Science and the College of Engineering. The team attached sensory equipment provided by American Aerospace Advisors to an unmanned 250-pound helicopter. Using ultraviolet and infrared cameras, the group was able to gather data on the health of five acres of tobacco crops.

This type of research could help farmers quickly survey their land to gain a better understanding of crop health, reduce pesticide use and improve yield. Agriculture is expected to be a prime growth market for UAS technology.

This win for Virginia Tech illustrates the Commonwealth’s premier higher education system, as well as its leadership in the aerospace industry. To learn more click here.

A team from Virginia Tech prepares to launch an unmanned 250-pound helicopter for a research mission to determine if UAS can gather meaningful data for crop management.  Photo courtesy of Virginia Tech.

Dan River Region Launches Workforce Readiness Pilot Program for Virginia

Thursday, 19 December 2013 14:48 by Info@YesVirginia.org
Companies, employees and economic development professionals in the Dan River Region have been participating in a workforce readiness pilot program in Virginia since June...

Companies, employees and economic development professionals in the Dan River Region have been participating in a workforce readiness pilot program in Virginia since June.

This program would allow the region to be recognized by ACT as a Certified Work Ready Community by helping individuals obtain a National Career Readiness Certificate. ACT is a not-for-profit public trust dedicated to helping people achieve education and workplace success.

ACT’s National Career Readiness Certificate includes four levels — platinum, gold, silver and bronze — that measure cognitive and behavioral abilities critical for on-the-job success. Specific skills that are measured include math, reading comprehension, problem-solving, discipline, teamwork, customer service and managerial potential.

The individual certificate can help job-seekers distinguish themselves, as well as help companies identify training needs for their employees. The community certification assists regions in quantifying the quality of their workforce and promoting this asset to attract additional companies and investment.

The Dan River region is located in Southern Virginia and includes the cities of Danville and Martinsville and the counties of Henry, Pittsylvania, Patrick and Halifax. The region has a strong legacy in furniture and textile manufacturing, and through workforce training programs at its numerous community colleges, offers a deep advanced manufacturing labor pool that has attracted investment from plastics, automotive, and food processing companies.

“This initiative represents an opportunity to change our workforce story from focusing on census data around educational attainment to a story that focuses on the skills of our workforce and how those align with industry needs,” said Dr. Julie Brown, project director at DRRC.

According to the Dan River Region Collaborative, if 2,300 residents earn certificates during the next two years, the region will be recognized as a Certified Work Ready Community. The region is well on its way with more than 1,200 certificates earned to date. The region is also actively recruiting corporate partners to join the program — almost 50 companies have signed up to date.

To learn how to participate in the ACT program as an individual or corporation, visit http://www.danriverrc.org/work-ready-community.

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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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