Specialty’s Our Name — Expanding a Family Business Through the Generations

Friday, 29 May 2015 09:19 by Info@YesVirginia.org
Butch Harrison founded Specialty’s Our Name in 1990, a precision sheet metal fabrication and machine shop based in Ashland, Va. His three sons, Brandon, Utley and Kevin, worked in the shop since high school and each found their niche, whether it was handling the finances, managing customer relationships or processing orders...

Butch Harrison founded Specialty’s Our Name in 1990, a precision sheet metal fabrication and machine shop based in Ashland, Va.

His three sons, Brandon, Utley and Kevin, worked in the shop since high school and each found their niche, whether it was handling the finances, managing customer relationships or processing orders. When their dad passed away in 2009, the brothers took ownership and proudly carried on the family name and reputation for a superior product and customer service at S.O.N. Inc.

“We do the work other people don’t want to do,” said Brandon Harrison. “Our high-end, custom sheet metal work is in the White House Visitor Center, the American Civil War Museum at Tredegar and the Virginia Historical Society, and our customers include Homeland Security, Architectural Graphics Inc., Dometic Corporation and Showbest Fixtures.”

The company has successfully grown from two people in a 2,500 square foot building to more than 30 people in a 32,000 square foot facility. The company delivers custom products and can offer consulting, drafting, welding, deburring, powder coating and precision parts, all from one location.

The Harrison brothers not only weathered the recent economic downturn, but were able to continue growing their company. “We did feel some of the effects, but we manage our finances well and purchase equipment as we need it, so we don’t carry a lot of debt.” said Harrison. “We also have a broad customer range, from the marine industry to railroads to store fixtures. Being diverse helped us stay strong and grow our company through the tough times.”

The brothers also took a calculated risk and started a sister company in 2008, Pro Powder & Paint Inc. “About 90 percent of our customers want a finish on their steel or aluminum products. We provide that and do our own powder coating and wet paint at a facility just down the street,” said Harrison.

The company just had one of its best years and has a solid plan to grow both businesses and eventually combine them into one larger building.

“We are lucky,” said Harrison. “The three of us are all equally responsible and we get to expand on what our father built. We really try to keep the family atmosphere throughout the company as we grow. We have several cousins and family members working in the shop, and we treat all of our employees like we are one big family. Without every piece of the puzzle coming together, this wouldn’t be possible.”

As we celebrate Virginia Business Appreciation Month, Specialty’s Our Name serves as another great example of the ingenuity and dedication of Virginia entrepreneurs. To learn why the Commonwealth is a great location to grow a business, click here.

Specialty’s Our Name owners Brandon, Utley and Kevin Harrison at their company headquarters in Ashland, Va.

Marstel-Day — Growing a Green Business in Virginia

Thursday, 28 May 2015 09:33 by Info@YesVirginia.org
Rebecca Rubin started Marstel-Day in 2002 with a passion to help large institutions conduct business in a way that is both effective and preserves the natural resource base...

Rebecca Rubin started Marstel-Day in 2002 with a passion to help large institutions conduct business in a way that is both effective and preserves the natural resource base.

Based out of Fredericksburg, Va., the company has grown from a one-woman desk to 160 employees nationwide. With clients ranging from government agencies to academic institutions, Marstel-Day helps organizations develop an overall strategy to be more eco-friendly.

“Our customers may have the interest and funding, but we help them with their strategies and policies,” said President and CEO Rebecca Rubin. “Whether they want to be carbon neutral or make better use of their ecosystem services or reduce water consumption or be ready for climate change, we help them get there. We look at such things as their vulnerability to drought, temperature change, responsiveness and resilience of the IT structure to climate events — and help them answer the big picture questions.”

The company’s success speaks for itself. Marstel-Day experienced 8-10 percent growth every year, including during the economic downturn. Its impressive client roster includes the Department of Defense, Fish and Wildlife Service, National Oceanic and Atmospheric Agency, Department of Homeland Security, Environmental Protection Agency, General Services Administration and National Laboratories. 

Marstel-Day has also received numerous accolades, including being named to both the Inc. 5000 list and Zweigwhite’s Hot Firm list for six consecutive years, the Alliance for Workplace Excellence Eco-Leadership Award three years in a row, the Virginia Fantastic 50 list for the third time, and the UVA Darden School’s Tayloe Murphy Award for Resilience.

Rubin chose to headquarter the business in Fredericksburg for two reasons:  proximity to a rail line and access to a great park system. “We were deliberately trying to get our employees off the roads and onto public transportation,” said Rubin. “Our other Virginia offices in Richmond and Alexandria are also within a quarter of a mile of a main train line. If you translate that into hours saved, it has an enormous impact on employee morale and health.”

“Because of its battlefield history, Fredericksburg has preserved green spaces and they have a new trail system. Having a park system where our employees can jog or bike during their lunch hour or after work is tremendously important to us.”

“There’s a reason why we’re here. Historically, Virginia has done a good job of understanding and appreciating the significance of nature and ecotourism. We find Virginia’s and the Governor’s commitment to green important to us as a company.”

As we celebrate Virginia Business Appreciation Month, Marstel-Day is another great example of how entrepreneurs find a successful environment for innovation in the Commonwealth. To learn why Virginia is a great place to grow a business, click here.

Marstel-Day President and CEO Rebecca Rubin at the company’s headquarters in Fredericksburg, Va. Photo courtesy of Marstel-Day LLC.

Performance Signs — From a Dorm Room to the Highway

Thursday, 21 May 2015 10:30 by Info@YesVirginia.org
Founder Robbie Morris was an engineering student at Virginia Tech when he started making decals for his brother’s stock car racing team. Robbie actually ran the decal machine out of his dorm room in the fall of 1995...

Founder Robbie Morris was an engineering student at Virginia Tech when he started making decals for his brother’s stock car racing team. Robbie actually ran the decal machine out of his dorm room in the fall of 1995.

While out on an engineering co-op, Robbie realized he enjoyed the creativity of the sign work much more than the structure of his engineering internship and decided to pursue the sign business full-time.

Today, Performance Signs makes a variety of signs, banners, vehicle lettering, vehicle wraps, window lettering and real estate signs for commercial businesses, public safety vehicles and highways.

Self-awareness is an important trait for entrepreneurs, and surrounding oneself with the right people and skillsets is critical. Robbie found the perfect business partner in his wife Katherine. She came on board full-time in 2004 and made improvements with her ability to manage, schedule and handle the day-to-day business, allowing Robbie to focus on the creative side.

Robbie and Katherine focused on building relationships with their customers and that paid off. “We were doing work for a sign company that supported a police department in Southwest Virginia,” said Performance Signs Founder Robbie Morris. “Those decals were an exact match for the Albemarle police department near us. We were able to approach them and found that there was a need for somebody to serve the public safety vehicles in our area. There’s a tightknit community among the police, fire department and rescue squad, and our relationship with that core group has helped us grow.”

When the recession hit, Robbie and Katherine looked at everything they did in order to be more efficient, from the number of phone lines they needed to the amount of equipment. They also took a calculated risk when a property became available. 

“All indications were that it would be crazy to buy something right now, but it completely came together for us,” said Robbie. “We really felt like God was moving in our lives and the timing was right. We did an SBA 504 loan. It was a lot of work, but through that process it helped us see our business in a new way.”

Robbie and Katherine closed on their building in the fall of 2009, and continuing their quest for efficiency, installed a solar-paneled roof on the 8,000-square-foot facility. Depending upon the time of year, the solar panels generate anywhere from 55-100 percent of the building’s electricity. 

Robbie and Katherine’s tenacity allowed them to successfully bounce back from the recession. The company has doubled sales since 2010 and grown from four to 12 people.

Performance Signs was also just selected to participate in the inaugural class of Ones to Watch, a business mentoring initiative run by the U.S. Senate Productivity and Quality Award Program for Virginia.

As we celebrate Virginia Business Appreciation Month, Performance Signs stands as another great example of the innovation and creativity of Virginia entrepreneurs. To learn why Virginia is a great place to grow a business, click here.

Performance Signs CEO Katherine Morris and Founder Robert Morris outside their company headquarters in Ruckersville, Va.

Release Reels — An Entrepreneur’s Journey from Biking to Fishing

Thursday, 14 May 2015 09:50 by Info@YesVirginia.org
After a hectic career traveling all over the U.S. and Europe as a professional cyclist, all Wes Seigler wanted to do after retiring as an athlete was to relax at his parent’s home in Reedville, Va., and fish every day like he did as a kid...

After a hectic career traveling all over the U.S. and Europe as a professional cyclist,  all Wes Seigler wanted to do after retiring as an athlete was to relax at his parent’s home in Reedville, Va., and fish every day like he did as a kid.

While fishing on the Chesapeake Bay and offshore Virginia, Seigler and his friends soon encountered problems with the performance of the reels they were using. Drawing upon his experience perfecting his own bike gearing and after encouragement from contacts in the cycling industry, Seigler decided to design his own product.

Release Reels was established in 2009. Seigler quickly found himself in the world of POs, RFQs and SKUs and learning what it all meant on the go. He initially started manufacturing in China, but found his intellectual property was leaking into competitors’ products and decided to bring back the manufacturing stateside.

Release Reels makes premium saltwater fishing reels, and the tolerances are very high. The product has to perform perfectly and look sharp. In order to make sure the machining was spot on, he decided to manufacture it himself. Upon being told he couldn’t compete with Asia, Seigler responded, “We can, we just gotta be willing to work.”

The company now operates nine CNC machines and has 10 full-time employees. 100% of the assembly and machining is done in Virginia and 100% of the component parts are made in the U.S. Seigler sources specialty bearings from Florida, gears and springs from Wisconsin and screws from San Diego, all to ensure the product is made in the USA.

“We have to win all categories — that’s the mentality of our company,” said Seigler. Release Reels products outperform in every class — they are smaller and more powerful, while weighing less.

The company also maintains a lifetime warranty on all its products, which no one else in the industry does. “If you purchase a product, I believe you should be able to call somebody and talk to them,” remarked Seigler. “We can fix it inexpensively, since we do all the machining in-house. Customers love the interaction and that carries into their next purchase.”

Release Reels also works with Rappahannock Community College and hires interns with an interest in machining as a career. “Giving a chance to somebody that might not be university bound has been pretty cool. Manufacturing is not what it used to be, it’s technology driven. We run a clean shop and it’s a great environment where people can learn a lot,” said Seigler.

The company’s high standards and customer service have paid off. After beginning with production of 100 reels per month, the company is now selling almost 600 reels per month and building the infrastructure to grow beyond that. They have also expanded into international markets from Europe to Southeast Asia.  

“The international market is huge for us,” noted Seigler. “People love an American-made product. Japan has a large fishing industry with some of the top shops in the world there. Being accepted by those customers is a strong statement for the quality of our products.”

As we celebrate Virginia Business Appreciation Month, Release Reels is a great example of the innovation and entrepreneurial spirit alive in the Commonwealth. To learn more why Virginia is a great place to grow a business, click here.

Release Reels Founder and President Wes Seigler demonstrates the company’s premium saltwater fishing reels for a future customer. Photo courtesy of Release Reels.

NCS Technologies — A Case Study of Innovation During Sequestration

Thursday, 7 May 2015 10:33 by Info@YesVirginia.org
Founded in Northern Virginia in 1996, NCS Technologies made a name for itself as a nimble and responsive small business computer manufacturer and supplier to state and federal agencies, the military, the intelligence community and commercial markets. The company operates out of a modern campus in Gainesville...

Founded in Northern Virginia in 1996, NCS Technologies made a name for itself as a nimble and responsive small business computer manufacturer and supplier to state and federal agencies, the military, the intelligence community and commercial markets. The company operates out of a modern campus in Gainesville.

The company’s products include commercial-off-the-shelf laptops and desktops for offices and schools, high-performance servers for corporate networks, and rugged tablet computers and servers for the military. Over the years, much of the company’s business depended on government.

Like many companies that found a niche serving federal agencies, the impact of sequestration created significant challenges. However, as with all great companies, NCS was able to turn those challenges into opportunities and come out successfully on the other side.

NCS has bounced back to its full pre-sequestration workforce and used the opportunity to diversify its customer base. The company realized that its experience delivering advanced computing products and services to highly demanding government customers could be translated into innovative new products for other growing markets, including healthcare, advanced manufacturing, banking and financial services.

The company kept innovating during the economic downturn and developed the industry’s only zero client laptop. Zero client computers have no operating system or data stored locally. Everything is virtually saved in the cloud, making the data more secure in the event the computer is hacked, lost or stolen.

While global competitors have developed zero client desktops, NCS Technologies is the only company able to master the engineering challenges to fit those capabilities, including patented Wi-Fi capability, into a mobile laptop product.

“Our employees are our greatest investment in innovation,” said John Callahan, vice president of marketing. “They are truly knowledge workers, including electrical engineers, sales representatives, program managers, financial analysts, highly trained assembly-line associates, technical support and customer service employees. Prince William County and surrounding Northern Virginia offers us that range of workforce that helps us excel in a complex, ultra-competitive environment.”

As part of Virginia Business Appreciation Month, NCS Technologies represents the high-growth industry and technological innovation that is alive and well in the Commonwealth. To learn why companies have found success in Virginia for more than 400 years, click here.

The Cirrus LT from NCS Technologies is the world’s first mobile zero client laptop computer. Photo courtesy of NCS Technologies.

 

 

Highground Services — A Successful Graduate of the Franklin Business Incubator

Friday, 1 May 2015 09:34 by Info@YesVirginia.org
John Warren and James Strozier, two former International Paper employees, put their experience together and became entrepreneurs when they created Highground Services in 2006. They co-founded the company with their wives, allowing it to qualify as a veteran-owned, SWAM (small, women-owned and minority) business...

John Warren and James Strozier, two former International Paper employees, put their experience together and became entrepreneurs when they created Highground Services in 2006. They co-founded the company with their wives, allowing it to qualify as a veteran-owned, SWAM (small, women-owned and minority) business.

The company provides high quality engineering services for process control, system automation and instrumentation projects.

The company was off to a fast start — they landed their first contract with International Paper in May 2007 and became a part of the Franklin Business Incubator that December.

When International Paper announced the closing of its Franklin Mill in 2009, this represented a substantial part of Highground Services’ sales.

Rather than be discouraged by the economic downturn and loss of their largest customer, Warren and Strozier seized the opportunity to hire displaced International Paper workers and expand their customer base. They also diversified their business by providing new services, including electrical construction and plant maintenance.

“We made a conscious decision to locate in a historically underutilized business zone and we really value being a part of this community,” said CEO James Strozier. “Our employees are tremendous and they worked tirelessly to help us not only survive, but thrive in what could have been a very challenging time.”

The company’s efforts have paid off in multiple ways. They received the Virginia Business Incubation Association's Donna Noble Incubator Client Award in 2009, UVA’s Darden School of Business Tayloe Murphy Resilience Awards in 2011 and the Franklin/Southampton Chamber of Commerce Business of the Year Award in 2010.

Highground Services has surpassed the $5 million revenue mark for the third straight year, and grown from four founders to 65 employees. The company is also poised to graduate from the Franklin Business Incubator and is in the process of purchasing a building across the street in downtown Franklin.

The entrepreneurial spirit and resiliency of Highground Services is a great reminder of the innovation that exists here in the Commonwealth as we celebrate Virginia Business Appreciation Month. To learn why Virginia offers the resources for entrepreneurs to start and grow their businesses, click here.

Co-founders Jim and Lisa Strozier (center) are joined by local officials in front of their new property in downtown Franklin, Va.

Shenandoah Valley Partnership Launches inDEMAND Jobs Site

Tuesday, 21 April 2015 10:28 by Info@YesVirginia.org
The Shenandoah Valley Partnership is partnering with WHSV-TV3 news to launch an educational campaign called “inDEMAND Local Career Opportunities...

The Shenandoah Valley Partnership is partnering with WHSV-TV3 news to launch an educational campaign called “inDEMAND Local Career Opportunities.”

The purpose of inDemand is to increase awareness about high-paying career opportunities in high-growth industries where there is a substantial demand for a qualified workforce. With the cost of higher education a concern for many families, this campaign will highlight rewarding jobs that require some additional training, but not a full four-year degree. 

Through linkage with Dream It, Do It — Virginia, the campaign will help both students and current employees match their career aspirations with programs and certifications offered through the Virginia Community College System, Career and Technical Education Centers, and four-year colleges and universities.

WHSV-TV3 is currently filming a series of three minute videos featuring 26 different careers that will be posted on their site at http://www.whsv.com/indemand. Governor McAuliffe kicked off the campaign earlier this month and his interview is included on the site.

The first video focused on high demand in the welding industry. Training to become a welder takes about six months and companies in the Shenandoah Valley are projected to hire 180 welders over the next 10 years.

Upcoming videos will discuss local demand for employees in the software development, mechatronics, accounting and trucking industries, to name just a few.

The Shenandoah Valley’s inDemand campaign highlights the premier workforce training programs that exist across the Commonwealth. To learn how Virginia is keeping its workforce up-to-date on the latest technology through its 15 public universities, 45 private institutions and 23 community colleges, click here.

Virginia Makes a Strong Showing on Kiplinger’s 2015 Best College Values List

Friday, 17 April 2015 16:00 by Info@YesVirginia.org
Virginia universities made a strong showing on Kiplinger’s annual Best Colleges list, all the more important in the current environment where finding a quality education at an affordable price has become increasingly challenging...

Virginia universities made a strong showing on Kiplinger’s annual Best Colleges list, all the more important in the current environment where finding a quality education at an affordable price has become increasingly challenging.

In the public categories list, University of Virginia was ranked No. 2, The College of William and Mary No. 5, James Madison University No. 29, Virginia Tech No. 35, Christopher Newport University No. 83, and University of Mary Washington was No. 84.

For the liberal arts category, Washington and Lee University received a No. 2 ranking, University of Richmond No. 10, and Christendom College was No. 57.

To calculate the rankings, the editors at Kiplinger looked at a number of metrics used to determine both quality and value. The list was drawn from more than 1,200 four-year higher education institutions across the U.S.

Quality was measured through admission rates, test scores of incoming freshman, freshman retention, students per faculty and four-year graduation rates.

Value was calculated by looking at the overall cost of education, the amount of need-based and non-need-based aid, the percentage of need met and student debt at graduation.

Virginia’s strong rankings in both the public and liberal arts categories show the breadth of the Commonwealth’s premier education offerings. Virginia has more than 575,000 students enrolled in 230 campuses across the state ensuring the workforce of tomorrow is prepared to meet industry needs. To learn more click here.

A view of the Rotunda at the University of Virginia. Photo courtesy of UVA and Cassidy Girvin.

VEDP and CCAM Receive Achievement in Innovation Award from Business Facilities Magazine

Tuesday, 14 April 2015 17:07 by Info@YesVirginia.org
Business Facilities magazine recently announced its 2015 Economic Development Awards and VEDP was a recipient of one of five Achievement in Innovation Awards for the Commonwealth Center for Advanced Manufacturing...

Business Facilities magazine recently announced its 2015 Economic Development Awards and VEDP was a recipient of one of five Achievement in Innovation Awards for the Commonwealth Center for Advanced Manufacturing.

The Business Facilities article mentioned how difficult it was to narrow down candidates this year because best practices are being implemented across the country, making CCAM’s recognition all the more meaningful.                                                          

According to the Business Facilities’ editorial staff, “The states that are ahead of the curve have developed innovation hubs for targeted growth sectors and created an environment that makes their locations fertile ground for emerging businesses. This year, we’re focusing our spotlight on five programs that have exhibited consistent excellence in the development of innovation hubs and three successful initiatives targeting entrepreneurs.”

CCAM is an applied research center that brings together Virginia’s leading manufacturing companies and educational institutions to turn research into real-world technologies and solutions. It operates out of a 62,000-square-foot facility located adjacent to the 1,000-acre Rolls-Royce Crosspointe Campus in Prince George County, Va.

CCAM is focused on advancing and commercializing manufacturing technologies in six key areas — surface engineering, manufacturing systems, machining technologies, welding, additive manufacturing and composite materials.

Operating as a public-private partnership, its roster is made up of five university members and 33 corporate and industry members, including globally recognized leaders Aerojet Rocketdyne, Airbus, Alcoa, Canon, Chromalloy, NASA, Newport News Shipbuilding, Oerlikon Metco, Rolls-Royce, Sandvik Coromant and Siemens.

This award highlights what the more than 5,600 manufacturing companies located in Virginia already know — that the Commonwealth is a hub of advanced manufacturing and offers companies the innovative environment to grow. To learn more click here.

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

VEDP’s Advertising Agency Wins Best in Show for Stone Brewing Kit

Monday, 13 April 2015 15:27 by Info@YesVirginia.org
We at VEDP are proud to congratulate our advertising agency, Elevation, for winning Best in Show in the Promotional Design & Advertising category at the Richmond Ad Club’s annual awards show...

We at VEDP are proud to congratulate our advertising agency, Elevation, for winning Best in Show in the Promotional Design & Advertising category at the Richmond Ad Club’s annual awards show.

Elevation helped us develop a unique presentation for the executive team at Stone Brewing Co. as part of our marketing process to win their East Coast location for Virginia.

During a meeting among Stone Brewing Co., the Governor, his administration, and other key members of the Virginia marketing team, VEDP organized a surprise visit from a character actor portraying Thomas Jefferson.

Agriculture was one of Jefferson’s greatest passions, and at Monticello he grew the ingredients to make his own ale, continuing Virginia’s more than 400-year brewing legacy.

Elevation developed a script for Jefferson to describe Virginia’s plentiful natural resources that would make an excellent home for Stone Brewing’s East Coast location. They also developed a kit filled with Virginia brewing ingredients for Jefferson to present to the Stone executive team — pure Virginia water, wheat, hops and molasses.

As everyone knows, the pitch was successful and Stone Brewing announced their plans to invest $74 million to construct a brewery, packaging hall, restaurant, gardens, retail store and offices in Richmond this past fall.

Virginia successfully competed against more than 20 states, and winning this competitive project from the country’s 10th largest craft brewing company has furthered the Commonwealth’s position as a serious player in the craft beer industry.

Food and beverage companies continue to find Virginia has the recipe for success. To learn why food processing companies have invested more than $2.1 billion in Virginia since 2004, click here.

An actor portraying Thomas Jefferson holds the Stone Brewing kit for a marketing presentation that won Best in Show at the Richmond Ad Club awards.

Magnets USA Celebrates 25 Years and a New Facility in Virginia

Friday, 27 March 2015 16:57 by Info@YesVirginia.org
Magnets USA recently celebrated 25 years in the Roanoke Valley region of Virginia. The company also hosted a ribbon-cutting ceremony for its new building in Vinton, Va...

Magnets USA recently celebrated 25 years in the Roanoke Valley region of Virginia. The company also hosted a ribbon-cutting ceremony for its new building in Vinton, Va.

Magnets USA moved from nearby Roanoke City into the former Grumman Fire Truck Corp. location, a newly-renovated, climate-controlled, 45,000-square-foot building. The grand opening event featured fire trucks previously manufactured at the Grumman building to commemorate its history.

The new facility will provide 70 percent more production space and allow the company to add 25 new jobs to its current workforce of 60. VEDP’s Virginia Jobs Investment Program is assisting the company with training funds for the new jobs.

Founded in 1990, the company began selling adhesive materials that magnetized business cards. Today, Magnets USA produces more than 20 million magnetized marketing products each year, including calendars, sports and event schedules, banners and business cards. 

Virginia’s premier business environment has allowed the company to successfully expand its customer base to include the real estate market, Chicago Bears, Salem Red Sox, Kid Rock Enterprises, Burning Man, Floyd Fest, the American Quilter’s Society and local schools.

Magnets USA has also worked with VEDP’s international trade team to increase global sales. The company currently exports to Canada, Mexico and the Caribbean.

The company’s history and success in Virginia is another example of the pro-business environment and resources the Commonwealth provides for growing companies. To learn more, click here.

The Magnets USA team prepares to cut the ribbon at the company’s grand opening ceremony for its renovated facility in Vinton, Va. Photo courtesy of Magnets USA.

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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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Did you know this is Manufacturing Appreciation Week?

Friday, 21 October 2011 09:17 by Info@YesVirginia.org

Governor McDonnell declared October 17-21 as Manufacturing Appreciation Week for Virginia. This should come as no surprise to the many Virginians employed by the manufacturing industry — more than 200,000 of us. In the last few weeks alone, manufacturing companies across a variety of industries have signaled their confidence in Virginia’s workforce by locating or expanding their operations in the Commonwealth.

Federal-Mogul Corp., a global automotive supplier, plans to invest $10 million to expand its automotive engine bearing manufacturing facility in Blacksburg Industrial Park, bringing 50 new jobs to Montgomery County. Albany Industries, a manufacturer of upholstered household furniture, announced it will invest $2.5 million to establish production capabilities in Galax, Va. This investment represents Albany Industry’s first operation in Virginia and will bring 335 new jobs to Southwest Virginia. 

On the international front, Axxor Group, a Netherlands-based producer of honeycomb, announced it will establish its first U.S. operation in Pittsylvania County in Southern Virginia. In 2006, Swedwood North America, a furniture manufacturer and subsidiary of IKEA, selected Virginia as the location for its first U.S. manufacturing facility. As Axxor Group is a major supplier of honeycomb to Swedwood’s furniture manufacturing operations, this investment is a natural outgrowth of that initial partnership.  

Also arriving from across the pond is NBG Holding’s announcement to establish its first U.S. subsidiary, Fiber Cable Technology, in Botetourt county. The Austrian company will invest $5 million and create 25 new jobs to manufacture specialty optical fiber and optical cables for the defense and energy markets. 

Whether manufacturing furniture or fiber optic cable, companies from all around the world have recognized the pro-business advantages a Virginia location offers. To learn more about the breadth of industries served by the Commonwealth click here. You can also view a Made in Virginia video produced by the Virginia Manufacturers Association here.

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Virginia Sails Closer to Becoming the Energy Capital of the East Coast

Thursday, 20 October 2011 17:21 by Info@YesVirginia.org

With October slated as Energy Month in Virginia, the announcement of a new wind turbine test facility moves the Commonwealth one step closer to becoming the Energy Capital of the East Coast. Named Poseidon Atlantic, the facility will be located in Northampton County on Virginia’s Eastern Shore. VEDP recently attended the AWEA Offshore Wind Expo where Lieutenant Governor Bill Bolling announced this project at a dinner for industry stakeholders.

Poseidon Atlantic will be the first comprehensive testing facility of its kind in the U.S. What makes this project unique is its ability to both test and certify the entire wind turbine (as opposed to testing component parts). Poseidon Atlantic will be the only U.S. site able to perform comprehensive testing for both offshore and land-based turbines.

The Poseidon Atlantic team selected Virginia for this project due to its prime location, as the Commonwealth couldn’t be more well-positioned for the offshore wind industry. Virginia has the ideal combination of strong Class 6 winds along the coast combined with shallow waters that allow for the easy installation of turbines and testing pads. The Commonwealth also has the necessary infrastructure already in place including an experienced maritime workforce, access to a fully operational high voltage transmission grid close to shore, and a robust transportation network including the Port of Virginia, which has the deepest obstruction-free channels on the East Coast.

Given the current worldwide shortage of full-service testing centers, this project positions Virginia at the forefront of the industry. Certification is a critical final step in the R&D process as wind turbine manufacturers often seek IEC certification prior to bringing a product to market. The facility is expected to build up to ten testing pads, leasing these to wind turbine manufacturers and bringing the global offshore wind supply chain to Virginia’s shores.

In addition to Poseidon Atlantic, Virginia has attracted additional private sector interest from wind industry leaders over this past year. In February, Gamesa Technology Corp. and Newport News Shipbuilding jointly launched the Offshore Wind Technology Center to develop next-generation offshore wind systems. The two companies were already collaborating to launch Gamesa’s first offshore prototype, the G11X-5.0 MW. In early October, Apex Offshore Wind, LLC and Maersk Line, Limited joined forces and announced their partnership to develop utility-scale offshore wind energy projects.

Though still in its infancy, the wind industry could create thousands of jobs for Virginians and provide a renewable source of energy. With the global supply chain recognizing Virginia’s unique assets and setting up shop along the coast, the Commonwealth is poised to become a hub for the offshore wind industry and one step closer to claiming the title, Energy Capital of the East Coast.

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Microsoft and Virginia - A Partnership for the Future

Wednesday, 5 October 2011 16:31 by Info@YesVirginia.org

Virginia and Microsoft have partnered once again – not surprisingly as both are IT leaders who realize staying at the top requires investing in the future. This time, that investment takes the form of educating the Commonwealth’s public high school students as Virginia is only the third state in the nation to implement the Microsoft IT Academy Program. With an aggressive goal of full participation by the end of this school year, the program will support both students and teachers by making software and coursework available including everything from computer basics to programming to the opportunity to earn recognized Microsoft certifications.

Virginia is certainly no stranger to technology with the highest concentration of high-tech companies in the country according to the U.S. Chamber of Commerce. Microsoft has demonstrated its understanding of Virginia’s pro-technology climate through the 2010 announcement of its investment of up to $499 million to locate its latest generation data center in Southern Virginia’s Mecklenburg County. This was followed by a recent announcement that the company would invest $150 million to expand this advanced data center and add 21 MW of electric power capacity.

The groundwork to attract Microsoft’s data center and support its educational offering for all Virginians was quite literally laid several years ago by the Mid-Atlantic Broadband Cooperative. In an effort to support underserved rural areas in Southern Virginia, MBC established an 800 mile open-access, fiber-optic broadband network. While this advanced network has attracted a flurry of Gigaparks and technology companies to the former tobacco region, the network will also provide high-speed internet access to more than 100 schools in Southern Virginia through a federal broadband stimulus program.

Beginning this school year, students in two Southern Virginia counties have been equipped with high speed broadband for the first time. Jumping from 45 Mbps to 100 Mbps is a significant leap that allows students and teachers to take full advantage of the internet, specifically improving video streaming and online collaboration. Establishing high speed connectivity in rural areas like Southern Virginia sets the stage for Microsoft’s IT Academy to be successful.  This will be truly be a statewide  program, allowing students everywhere to take full advantage of Microsoft’s online resources  in order to build the technical skills necessary to fuel Virginia’s booming IT industry.

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Montgomery County Makes Inc. Magazine’s 500|5000 List for 2011

Tuesday, 27 September 2011 15:09 by Info@YesVirginia.org

With close to 300 Virginia companies on Inc. Magazine’s 2011 Inc. 500|5000 list of the fasting growing companies, the Commonwealth is very well represented. What is perhaps more impressive is the breadth of that representation, spanning multiple regions and industries. With our close proximity to the nation’s capitol, it is no surprise that more than 100 of these Virginia businesses were in the government services sector. However, the list of our top growing companies showed a healthy diversification across the IT, healthcare, business services, energy and education sectors as well. Virginia’s companies are growing in growth industries, which is great news for the Commonwealth.

Montgomery County is a microcosm illustrating this manifold growth. With three companies on the list in three different sectors, Montgomery County entrepreneurs exhibit the creativity and innovation Virginia is known for. Modea, a digital advertising agency, is a homegrown start-up with an impressive client list allowing for a new headquarters building and the addition of 200 employees over the next five years. UXB International is an environmental technology company specializing in demilitarization and weapons removal that has moved to Montgomery County to take advantage of the Virginia Tech Research Center. Harmonia Holding Group is another local startup catering to the software and systems engineering needs of the military and federal agencies from its headquarters, also located at the Virginia Tech Research Center. 

Learn more at the Montgomery County Economic Development News Center.

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A Success for Dex

Tuesday, 20 September 2011 11:43 by Info@YesVirginia.org

Who doesn’t love to hear a success story – especially one from right here in Virginia? Dex, a division of Arrow Truck Sales, dismantles used Mack and Volvo trucks to harvest components for reuse on other trucks. With more than 2.7 million heavy-duty trucks in operation in the U.S., there is a growing market for quality used parts.

Five years after signing a lease for a building space in Floyd Regional Commerce Center in Floyd, Virginia, Dex has reached its reuse and recycling goal. The challenge required Dex to reuse or recycle every component part of the heavy-duty trucks they acquire. While most parts were marketable for resale, Dex had to find new markets for items like glass, plastics, rubber or damaged pieces.

This extensive sorting and processing required extra time and resources, but given their core value of environmental care Dex remained committed to reaching their goal.

Dex’s facility in Floyd has 29 full-time employees. The company has outgrown the 50,000-square-foot space and is leasing other temporary space. With this growth they are also looking toward the future and are currently working on the design aspects of products to ensure Mack and Volvo trucks produce zero landfill waste.

David Ingram, Chairman of Floyd County’s Board of Supervisors, said, “We are very glad that Dex chose Floyd County five years ago. Every job they’ve added is important.”

Congrats Dex!

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Praise for Hanover County

Thursday, 15 September 2011 15:33 by Info@YesVirginia.org

Last month, Hanover County received heaping praise in a Richmond Times-Dispatch article that detailed how Hanover has continued to be a great place to live and work despite a tough economic environment.

Known for its passionate citizen involvement and strong partnerships between businesses and government, Hanover prides itself on responsible planning and good, old-fashioned hard work. While there are many individuals that contributed in one way or another, the true spirit of Hanover’s success continues to be a community effort.

Check out the full article here.

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Center for Advanced Engineering and Research Opens in Bedford County

Friday, 9 September 2011 10:12 by Info@YesVirginia.org

Last month, Bedford County and the Virginia Region 2000 Partnership announced the opening of the Center for Advanced Engineering and Research (CAER).  Held August 25th, the ribbon-cutting ceremony celebrated the fruition of a project that involved extensive regional collaboration over the course of several years.

With an overflowing parking lot, more than 100 public officials and business leaders attended the ceremony and got a first look at the new 30,000-square-foot facility. Businesses such as Babcock & Wilcox, Areva and Innovative Wireless Technologies, as well as the University of Virginia, have all secured space. The Region 2000 Partnership will continue to work toward securing more companies and organizations for the Center, which will be used 70% for research, 20% for community and outreach and 10% for administrative support. 

Speaking on behalf of Governor Bob McDonnell, Virginia’s Secretary of Technology Jim Duffy praised the partnerships that were fostered to open the center, and spoke of the “brightest minds” that will use the Center for research.

The goal of CAER is to be an industry-focused regional research and development center that drives the development of innovative products and processes by providing local access to university and federal research and inventions. It will target growth industries specific to the region, and will put university innovations into action through practical implementation in industry. CAER aims to increase the competitiveness for core, high-wage industries and improve the long-term prospects of existing industrial employers by creating a knowledge-based research hub for the region. 

Bill Guzek of the CAER Board of Directors said, “The center is meant to be an economic engine for the region. This is just the beginning.”

More information regarding CAER can be found on their website.

 

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Have You Heard?

Tuesday, 16 August 2011 15:02 by Info@YesVirginia.org

Just over a month after being named America’s Top State for Business by CNBC, Virginia has received another No. 1 ranking. The Commonwealth has been named the most pro-business state in the country by the 2011 Pollina Corporate Real Estate study: “Pollina Corporate Top 10 Pro-Business States for 2011: The Rise of the West.” Not only is it the third consecutive year that Virginia has taken home top honors, the Commonwealth won the 2011 top-ranking by the largest victory margin in the history of the study.

In its eighth year, the study is considered the “Gold Standard” in evaluating states by using a comprehensive ranking system based on factors ranging from taxes, right-to-work legislation, infrastructure spending and economic incentive programs. 

This year, Virginia lead over the number two spot by 44 points and was dubbed, “the brightest star on the American Flag,” in terms of its pro-business climate. But it’s not just our top spot status that garners such a prestigious title – the Commonwealth has held the top spot five times since the study began, with second place finishes in 2005 and 2006 and third place in 2008. Our consistent presence among the top pro-business states is proof that the Commonwealth has been and will continue to be open for business.

Virginia’s pro-business reputation was also reaffirmed this year by our second place finish in the Labor, Taxes and Other Factors category and our first place finish in the Incentives and Economic Development Agency Factors, which sites the Virginia Economic Development Partnership (VEDP) as one of the “finest economic development organizations in the nation.” The Commonwealth also performed strongly in the Education and Infrastructure categories and continues to shine on its Report Card.

All of us at VEDP couldn’t be prouder to represent our state and are committed to keeping Virginia the best state for business.

Click here for more information on the rankings and to see the full report.

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SRI’s Center for Advanced Drug Research Continues to Grow

Friday, 12 August 2011 09:01 by Info@YesVirginia.org

In 2009, SRI opened its Center for Advanced Drug Research (CADRE) in Shenandoah Valley with 15 researchers and support staff.  Since then, they have grown to 45. Now SRI Shenandoah Valley is planning a build-out that will accommodate 100 scientists, researchers and other staff members.

Located in the Harrisonburg-Rockingham Metro area, the Center is an independent, not-for-profit research institute. It focuses on improving efficiency in the pharmaceutical industry, developing life-saving treatments for neglected diseases, and helping our nation respond to bio-threats through client-sponsored R&D.

The Center was established as a result of partnerships among state and local governments and James Madison University, located in the area. The continued growth of CADRE is exciting news for the Harrisonburg-Rockingham area, as it will draw more bio-tech and life sciences companies to the region, creating jobs and increasing the valuable research done at the Center.

You can find more information on SRI’s CADRE here.

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Virginia Companies Join Forces

Monday, 8 August 2011 09:37 by Info@YesVirginia.org

Boeing Information Solutions, of Arlington, Virginia, is joining forces with another Virginia-based company – Solutions Made Simple Inc. (SMSI).  Based in Reston, Virginia, SMSI is an information services provider that is known for its Twister data integration framework products.

Prior to the acquisition, Boeing worked with SMSI over the past several years and, according to John Hinshaw, Boeing’s vice president and general manager of Information Solutions, believes this will be a “better, more cost-effective way to manage data across disparate networks.”.  SMSI’s technology takes complex layers of information that are housed in an unlimited number of applications and various data sources, and makes that information easily available for users to access and extract. This type of technology is what Hinshaw sees as a “strong complement to [Boeing’s] existing capabilities.”

SMSI currently employs approximately 65 people. For additional information click here.

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Virginia named #1 for Economic Growth Potential

Wednesday, 3 August 2011 09:31 by Info@YesVirginia.org

When you’re on the top, it’s not just about being number one – it’s about staying there. In June, CNBC named Virginia America’s Top State for Business, and now, Business Facilities magazine has ranked Virginia #1 for Economic Growth Potential, an award that all of us here in the Commonwealth plan to see to fruition.

The study took a hard look at factors like job creation, project development, incentives and workforce. It also took into account the state’s growth strategy; including the depth and breadth of incentives, as well as partnerships among state and local governments, educational institutions and businesses.

Virginia has done its part to help keep its business climate positive, including the formation of the Economic Development and Job Creation Commission and the Commonwealth Center for Advanced Manufacturing. Both aim to carry out Virginia’s goal of more jobs and investment for the Commonwealth now and in the future.

Check out the article in Business Facilities for the full rankings.

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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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Fort Lee Hosts the 40th Annual Military Culinary Arts Competitive Training Event

Tuesday, 10 March 2015 17:28 by Info@YesVirginia.org
Once again, the annual military culinary competition comes to Fort Lee, Va. from March 7-12. During this week, members of all the U.S. armed forces and military personnel from other countries compete in individual and team events to show their culinary expertise...

Once again, the annual military culinary competition comes to Fort Lee, Va., from March 7-12. During this week, members of all the U.S. armed forces and military personnel from other countries compete in individual and team events to show their culinary expertise.

Fort Lee is a perfect fit for the competition — it’s home to the Joint Culinary Center of Excellence, which provides basic and advanced food service training for all branches of the U.S. Armed Forces, as well as some ally countries.

Members of VEDP and the Virginia Gateway Region attended the event yesterday, where the table displays were built by the U.S Army Reserve. The whimsical presentations, all made out of food, included themes based on the Wizard of Oz, notable landmarks in Paris, a lady from a masquerade ball, and a Spanish-influenced chocolate bull and matador.   

The Hot Kitchen Competition included the use of Mobile Kitchen Trailers to make a gourmet, three-course meal. The meal was all the more impressive considering the trailers are meant to be used out in the field in forward movement scenarios, and usually involve heating a pre-made meal for 50-100 soldiers.

There were numerous live cooking competitions, all judged by members of the American Culinary Federation. This allows awards to be easily translated into certificates and recognized outside of the military environment, which is important for members who later pursue a culinary career in the private sector.

One of the live cooking demos included renowned chef Robert Irvine, from the Food Network show “Restaurant: Impossible.”  Robert entertained with cooking tips and joked with the many military personnel in attendance. Robert is very familiar with the impact of providing a well-cooked meal in military environments. Not only is he a former soldier, but he visits military bases around to world to cook and entertain the troops.

The importance of the event was captured by Chief Foreign Officer 3, Charles Talley Jr., “It’s great to have the opportunity to see the crop of young chefs and see their culinary evolution from day one at Fort Lee. Food involves passion, innovation, creativity and sustainment. Our food service impacts the morale of military teams during peace and wartime.”

Fort Lee’s Joint Culinary Center of Excellence and its Military Culinary Arts Competitive Training Event illustrate Virginia’s position at the center of the food industry. Food processing is one of Virginia’s largest manufacturing areas. To learn why more than 580 companies have located in the Commonwealth, click here.

Virginia BioTechnology Research Park Expands Its Reach Across Virginia

Wednesday, 25 February 2015 14:28 by Info@YesVirginia.org
The Virginia BioTechnology Research Park is at full capacity, but is still expanding its reach in the Richmond community and across the Commonwealth...

The Virginia BioTechnology Research Park is at full capacity, but is still expanding its reach in the Richmond community and across the Commonwealth.

Since its founding in 1992, the Virginia BioTechnology Research Park has grown to include seven buildings on 34 acres in the heart of Richmond. This represents 1.3 million square feet of space next to the VCU Medical Center, a Top 100 life sciences research center.

The park is currently home to nearly 60 life science companies, employing more than 2,300 scientists, engineers and researchers in the Central Virginia region.

The company’s most recent physical expansion occurred last spring on its Biotech 8 building, occupied by HDL Inc., which started up in the Biotech Center. Future expansion opportunities are available on two sites in the park.

According to Executive Director Carrie Roth, “Building on the urban renewal component of the research park, to be successful we need to focus on the process not the place through infrastructure for entrepreneurial, innovation and commercialization success. We’re repositioning the park and removing our borders to define it as a part of the larger, integrated knowledge-based life sciences community.”

To that end, the park is inviting outsiders in and opening up its shared lab. The lab has equipment donated by Altria in addition to purchased equipment, including a biosafety cabinet, CO2 incubator, inverted microscope and centrifuges. This allows early stage companies access to the equipment by renting benches on a monthly basis or purchasing a daily pass to the lab. In addition, access to the shared lab equipment helps those seeking grants by being able to include this on their application.

The management team is also engaging with partners across the region. For example, the Dominion Resources Innovation Center in Ashland provides mentoring and business support services to technology-based start-ups. The team at the Virginia BioTechnology Research Park has re-engaged its partnership with the innovation center and plans are in motion to move it closer into the town of Ashland. The new facility will also have dedicated lab space.

The Virginia BioTechnology Research Park is a shining example of the burgeoning life sciences clusters across the Commonwealth. To learn why more than 800 biotech establishments have selected Virginia, click here.

Members of the Richmond Regional Planning District Commission along with Carrie Roth of the Research Park listen to L. Franklin Bost, executive associate dean at the VCU School of Engineering, discuss activities of the VCU TRIP Center located in Biotech One. Photo courtesy of Virginia BioTechnology Research Park.

Capstone Integrated Machining Technology Program Comes to Danville

Friday, 20 February 2015 16:07 by Info@YesVirginia.org
The Danville region has added to its precision machining expertise with the recently announced Capstone Integrated Machining Technology program at the Institute for Advanced Learning and Research...

The Danville region has added to its precision machining expertise with the recently announced Capstone Integrated Machining Technology program at the Institute for Advanced Learning and Research.

The program provides a third year of training for students that have completed Danville Community College’s popular two-year Precision Machining Technology program.

IALR has announced two grants in February to jumpstart the program — a $1.9 million grant from the Danville Regional Foundation and a $1 million endowment from the Gene Haas Foundation.

The funding will be used to upfit portions of the Hawkins Building at IALR and construct a workflow cell training lab, allowing students to replicate real world manufacturing conditions.

This additional training will enable students to earn nationally-recognized industry credentials, such as Level II and III certifications from the National Institute for Metalworking Skills.

The Capstone program will be ready for students by the fall semester. IALR and DCC estimate 15-20 students will participate in the first class, with the program expanding to 40 students at full capacity.

With the reshoring of manufacturing jobs to America and an aging baby boomer population, Southern Virginia is quickly becoming a go-to location to meet industry needs for a skilled workforce in this sector of advanced manufacturing.

According to DCC President Bruce Scism, “DCC ‘s Precision Machining Technology program is now the largest in the mid-Atlantic region, and it’s the only one that provides as wide a range of certification options.”

The Capstone program and partnership between IALR and DCC is another example of the teamwork among Virginia’s higher education system and public and private entities to develop the most advanced workforce training solutions. To learn more, click here.

Students in DCC’s Precision Machining Technology program receive training on Haas Mini Mill 5 axis machines.

Virginia Ranked a Top State for LEED Green Building Certifications in 2014

Friday, 6 February 2015 13:55 by Info@YesVirginia.org
Once again, Virginia made the U.S. Green Building Council’s annual list of Top 10 States for LEED (Leadership in Energy and Environmental Design) in 2014...

Once again, Virginia made the U.S. Green Building Council’s annual list of Top 10 States for LEED (Leadership in Energy and Environmental Design) in 2014.

The Commonwealth was ranked No. 4 and had 150 projects LEED-certified in 2014. This included a total of 18.6 million square feet of space, and 2.33 square feet per capita.

The report made special mention of the University of Mary Washington’s Technology Convergence Center in Fredericksburg, Va., which is LEED Silver-certified.

USGBC is made up of 12,870 member organizations and 197,000 professionals worldwide. It manages LEED, the most widely recognized green building certification program in the world. According to USGBC, LEED certifies 1.5 million square feet of space each day in 135 countries.

LEED-certified buildings are a win-win for the environment and economy. They provide healthier spaces to live, work and play, and lower energy costs in a sustainable way.

“LEED-certified building and the innovations they have driven contribute substantially to our national economic growth, create jobs and improve the quality of life in the communities where they are found,” said Rick Fedrizzi, CEO and founding chair of USGBC. “We commend the business and community leaders, policy makers and green building professionals in each of these states for making the commitment to create a healthier, more sustainable future.”

Virginia’s leadership as an innovator in this area illustrates the strong quality of life and cutting edge environment the Commonwealth offers to companies and their workforces. To learn why businesses have succeeded in Virginia for more than 400 years, click here.

Virginia Serious Game Institute Has a Banner First Year

Wednesday, 4 February 2015 13:55 by Info@YesVirginia.org
The Virginia Serious Game Institute had a stellar first year that included launching six businesses and creating 70 new jobs in Prince William County...

The Virginia Serious Game Institute had a stellar first year that included launching six businesses and creating 70 new jobs in Prince William County.

VSGI is a business incubator that supports Virginia entrepreneurs in the modeling and simulation industry. It is the applied research arm of the Computer Game Design Program at George Mason University and is affiliated with the international Serious Game Institute. It is the only facility of its type on the East Coast and one of only a few worldwide.

VSGI provides Virginia schools, businesses and universities with hands-on training, certification, R&D assistance, incubation services, rapid prototype development and access to leading edge commercialization outputs and technologies.

Located on GMU’s Prince William Campus, VSGI operates as a public-private partnership offering entrepreneurs expertise in technology and business assistance from GMU, the Mason Enterprise Center, Prince William County and VEDP.

This location, just 26 miles south of Washington D.C., provides access to one of the top high-tech workforces in the nation. More than 60 GMU students have interned at VSGI, its resident companies or assisted in teaching.

VSGI supports Virginia’s STEM initiative by exposing younger students to careers in technology by hosting summer camps and workshops, as well as facilitating partnerships with larger IT companies that allow students to obtain hands-on learning experience.

VSGI is currently incubating five companies, and has the ability to house 10 startups at one time. To learn more, visit http://game.gmu.edu/sgi/. Be on the lookout for a call for applications in the coming weeks from the Prince William County Department of Economic Development.

Virginia has the highest concentration of high-tech workers in the nation. To learn more about the Commonwealth’s leadership in the tech sector and why innovative companies continue to choose Virginia, click here.

GMU Computer Game Design Program students provide modeling, simulation and design work for incubator companies at VSGI. Photo courtesy of Prince William County Department of Economic Development.

VEDP Launches 2015 Digital Advertising Campaign

Friday, 23 January 2015 09:34 by Info@YesVirginia.org
Virginia has a great story and it’s imperative that it be told to the global business audience. In January, VEDP launched a new digital ad campaign, expected to deliver more than 73 million impressions through June 2015...

Virginia’s competitiveness and perception as a pro-business state remain strong. However, competition in the global economy and domestic markets continues to increase. Competing states are more aggressive in their outreach efforts, with several recently unveiling multi-million dollar advertising campaigns to promote and lure business.

Virginia has a great story and it’s imperative that it be told to the global business audience. In January, VEDP launched a new digital ad campaign, expected to deliver more than 73 million impressions through June 2015.

To maximize our limited resources, VEDP focused on digital media outlets and purchased an integrated schedule of online, mobile, tablet and pay-per-click search placements. The campaign targets VEDP’s geographic markets in the U.S, U.K., Germany and China.

The ads, promoting Virginia’s prime business location advantages, appear in Forbes, The Wall Street Journal, The New York Times, Entrepreneur and Reuters, as well as two advertising networks — Bizo and Rocketfuel.

Search engine marketing remains a key component of our strategy. VEDP implemented pay-per-click ads on Google, Bing and Baidu. This is our first venture with Baidu, the leading search engine in China.

“VEDP’s advertising strategy continues to prove effective at generating leads and building awareness of the strengths that make the Commonwealth such a great place to work and live,” said Vince Barnett, VEDP vice president of communications & promotions. “The digital program provides unique targeting capabilities to reach key corporate decision makers, while making the most efficient use of limited advertising dollars.”

An example of a 15 second video pre-roll used as part of the campaign is below, and landing pages for the U.S., U.K., Germany and China can be found by clicking on the highlighted links.

To learn more about the opportunities for success that are waiting for you in Virginia, visit www.YesVirginia.org.

A view of the video pre-roll touting Virginia’s pro-business resources.

Amazon Fulfillment Center in Chesterfield Still Buzzing After the Holidays

Thursday, 8 January 2015 14:50 by Info@YesVirginia.org
VEDP toured the Amazon fulfillment center in Chesterfield, Va., this week, and we were pleased to see the facility was still buzzing with activity even after the holiday rush...

VEDP toured the Amazon fulfillment center in Chesterfield, Va., this week, and we were pleased to see the facility was still buzzing with activity even after the holiday rush.

The Chesterfield fulfillment center began operations in the fall of 2012, after the company’s December 2011 announcement that it would invest $85 million to establish the location and create 1,000 jobs.

Today, the 1.2 million square foot facility has 1,500 employees that help distribute more than 14 million items in the building.

The facility is an impressive maze of shelves, work stations and conveyor belts whizzing yellow bins, called “totes,” containing any type of smaller consumer good throughout the building in a blur of efficiency. Amazon’s other facility in nearby Dinwiddie County ships larger consumer goods, like kayaks and TVs.

Our tour guide took us through the massive layout and explained how departments such as receiving, stowing, packing and shipping all work together. Like any massive organization, Amazon has its own nomenclature. “Stowers” scan goods in and store them in the “library” where they are later retrieved by “pickers” who put items for a customer’s order into the “totes.”

The Chesterfield facility has more than 2,500 scanners, 1,300 carts and 40,000 yellow totes. 

Extreme efficiency is a requirement for success at Amazon. On 2013’s Cyber Monday, Amazon customers ordered more than 36.8 million items, which is a record-breaking 426 items per second.

The company operates under a continuous improvement mandate, and many suggestions come from employees themselves. Last year, 4,700 employees participated in 1,100 kaizens across North America to develop new processes and solutions to solve specific problems.

One reason Amazon has found success in Virginia is because its Chesterfield fulfillment center seamlessly blends Virginia’s skilled workforce with advanced technology and sophisticated algorithms to keep the operation humming at peak efficiency.

A second reason is Virginia’s premier logistics network. Amazon’s recognition as a powerhouse distributor was furthered when Coca Cola decided to bring back its Surge soda and sell it exclusively online through Amazon. Surge is the top-selling item at the Chesterfield facility.

Due to the strength of Virginia’s logistics network, more than 380 global logistics projects have been announced over the last 10 years with capital investment of more than $1.8 billion. The Commonwealth allows companies to transport products worldwide through its six interstate highways, nine commercial airports, 11 railroads, including two Class I lines, and the International Port of Virginia, one of the only East Coast locations in the U.S. able to handle post-Panamax vessels as first and last port of call.

To learn more, click here.

A view of Amazon’s fulfillment center at Meadowville Technology Park in Chesterfield, Va. Photo Courtesy of Chesterfield Economic Development.

Southern Virginia Product Advancement Center Incubates Companies From the Lab to the Marketplace

Thursday, 18 December 2014 14:39 by Info@YesVirginia.org
Formerly known as the Riverstone Energy Center, the recently rebranded Southern Virginia Product Advancement Center in South Boston, Va., functions as an incubator helping the Commonwealth’s advanced manufacturing companies develop their technology from the lab to the marketplace...

Formerly known as the Riverstone Energy Center, the recently rebranded Southern Virginia Product Advancement Center in South Boston, Va., functions as an incubator helping the Commonwealth’s advanced manufacturing companies develop their technology from the lab to the marketplace.

SVPAC replicates major components of the manufacturing process by offering companies assistance with modeling and simulation, prototyping, advanced manufacturing processes and applied coating development.

The center’s modeling and simulation program includes a virtual reality theater with high performance computing resources, simulation software and a fully immersive 3-D cave display that can render a one-to-one ratio in real-life scaling. This allows manufacturers to design new products and predict and test performance using virtual technology. Any mistakes are made and fixed in a virtual environment, allowing for a cost-friendly R&D approach.

SVPAC’s Carbon Fiber Composite Manufacturing Lab will allow companies to produce component parts using specialized molds. The lab is expected to be completed in the spring 2015 and augment the hub of automotive and aerospace technology companies in the area.

Through a partnership with C-CARE (Center for Coatings Application Research and Education), companies have access to a coatings technology lab that houses 12,000 square feet of environmentally-controlled space. The comprehensive range of manufactured coatings applications equipment includes advanced robotics, reciprocating spray equipment and virtual reality training systems that can test new coatings technologies and design solutions under a variety of conditions.

SVPAC also offers traditional incubation services that include business plan development, access to R&D grants, office and manufacturing space, networking opportunities and mentoring.

SVPAC already has a number of success stories, which include helping a large automobile manufacturer develop new spray coating technology, developing a virtual reality tool for robot path programming with Kawasaki, and helping TMI Autotech with modeling and simulation to develop its high performance vehicles. TMI has also worked with other automotive resources in the region, including the Global Center for Automotive Performance Simulation located nearby at the Virginia Motorsports Technology Park.

VEDP and VEDA hosted SVPAC on their most recently Third Wednesday Webinar series, available here.

SVPAC is another example of the R&D capabilities Virginia offers to advance the innovative ideas and products of the Commonwealth’s technology-driven companies. To learn more, click here.

A view of the 3-D modeling and simulation capabilities at the Southern Virginia Product Advancement Center in South Boston, Va. Photo courtesy of the Southern Virginia Product Advancement Center.

VEDP Receives No. 2 State Economic Development Organization Ranking for 2014

Wednesday, 10 December 2014 14:11 by Info@YesVirginia.org
The American Economic Development Institute and Pollina Corporate Real Estate ranked VEDP No. 2 on its Top 10 State Economic Development Organizations list for 2014...

The American Economic Development Institute and Pollina Corporate Real Estate ranked VEDP No. 2 on its Top 10 State Economic Development Organizations list for 2014.

With growing competitiveness on a global scale, AEDI and Pollina wanted to put the spotlight on state economic development organizations that are excelling at their job.

“Leaders of economic development organizations throughout the country need to do a far better job of understanding that their primary objective is to create new jobs and retain those already located in their state,” said Dr. Ronald Pollina, chairman of AEDI and president of Pollina. 

This ranking is largely based on data from Stage II of the AEDI/Pollina Corporate Top 10 Pro-Business States 2014 report released earlier this year. The Stage II data examines the state’s incentive programs and the marketing efforts of their economic development agencies.

More specifically on the marketing analysis, the authors of the study examined the resources devoted to the agencies, their ability to respond to new company inquiries and existing company needs, and the functionality of their website.

Interestingly, the study found that a majority of states had few programs for existing companies and did not devote enough resources to contacting and assisting these existing companies. In contrast, VEDP has an entire team devoted to business expansion, which accounted for 86% of announced investment and 74% of new job creation in calendar year 2013. Even more impressive, the top five project announcements for both new job creation and invested capital in 2013 were made by expanding Virginia companies.

Through our international trade division, VEDP helps existing Virginia businesses expand sales internationally. Programs such as the Global Network, VALET, Going Global Defense Initiative and trade missions provide companies with the research, introductions and export training to substantially increase sales overseas.

The importance of an agency’s website can’t be underestimated, as this is the first point of contact for many companies and site selection consultants. VEDP offers a variety of tools through our website, including VirginiaScan, Compare Virginia, Community Profiles, and the YesVA app, which allow consultants to easily search a geographic area for available properties and obtain comparative demographic, economic and real estate information to easily narrow their search.

According to VEDP President and CEO Martin Briley, “This ranking is a tremendous honor for all of us here at VEDP. It represents the hard work of our entire staff, our partners and our allies as we work together to augment the economic vitality of the Commonwealth and tell the Virginia story on the global stage.”

To learn how VEDP can help your company and why businesses have prospered in Virginia for more than 400 years, click here.

Photo courtesy of the Virginia Department of Transportation.

Charlottesville Entrepreneurs Launch Moonlighting Mobile Marketplace App

Monday, 8 December 2014 15:51 by Info@YesVirginia.org
A team of Charlottesville entrepreneurs recently launched Moonlighting, a mobile company with an app that helps job seekers and people needing work done to connect...

A team of Charlottesville entrepreneurs recently launched Moonlighting, a mobile company with an app that helps job seekers and people needing work done to connect.

The three co-founders began brainstorming in August 2013 to find a way to parlay their expertise in payment platform development and mobile technology. According to CEO Jeff Tennery, “We wanted to do something significant that would really resonate with people. The employment market made the most sense.”

According to the company, Moonlighting is the only marketplace that lets users engage as both a payer and earner in a mobile environment. With two simple categories —“make money now” and “get stuff done” — users can easily identify their needs and skills.

The app is similar in functionality to Facebook and Twitter. In addition, users can easily post Moonlighting requests to their social media accounts.

Like most entrepreneurs, the company founders kept their day jobs while moonlighting on nights and weekends to hammer out the business plan and technology. After raising an angel seed round of funding in April and testing an alpha version of the technology in August, the company officially launched its app on October 15.

In just over a month, Moonlighting has already reached thousands of users nationwide, with projections for dramatic growth.

“Charlottesville is a rich, diverse area with a solid investment community. There’s a strong constituency of experienced business people looking to finance start-up and angel companies and offer their expertise,” said Tennery.

Proximity to UVA also allowed the company to tap into a talented labor pool. “We worked with undergrads from the business school on the marketing, Darden grads helped us with the business plan, and law school students helped write our terms and conditions,” noted Tennery.  “The region is rich in both business and culture, so there’s a great labor force of UVA grads who want to remain in the area.”

Highlighting the growing peer-to-peer economy and its financial impact, Moonlighting has published its first comprehensive report on how the nation is “moonlighting” through multiple financial opportunities. The monthly M.O.O.N. Report (Mobile Optimized On-Demand Network) tells the story of the American moonlighter and reveals the economic trends taking place in the new 1099 society. To download the app and report, visit the company’s website http://moonlightingapp.com/.

The fast growth of a technology-driven company like Moonlighting is another example of how Virginia provides the right resources and environment for entrepreneurs to start and grow their businesses. To learn more, click here.

The Moonlighting team at the company’s October launch party.

VEDP Host Virginia Tour for Chinese Journalists

Friday, 21 November 2014 12:57 by Info@YesVirginia.org
VEDP hosted a delegation of 10 influential journalists from the People’s Republic of China on a visit to Richmond this week as part of a larger tour organized by the Global Times...

VEDP hosted a delegation of 10 influential journalists from the People’s Republic of China on a visit to Richmond this week as part of a larger tour organized by the Global Times.

The journalists previously visited South Korea, Israel and Vietnam. While in the U.S., the group will visit Washington D.C., St. Louis and New York City to cover themes such as the U.S. representational government, freedom of the press, the future of U.S.-China relations, and Chinese foreign direct investment in the U.S.

The visit to Richmond is an extension of the D.C. portion of the tour. While here, the journalists met with Governor McAuliffe, and heard from Tranlin Inc. CEO Jerry Peng about Shandong Tranlin Paper Co.’s decision to locate its first U.S. manufacturing operation in Chesterfield County, Va.

The journalists experienced the strong cultural relationship that exists between China and Virginia. The group visited the Virginia Museum of Fine Arts and toured the Forbidden City: Imperial Treasures from the Palace Museum, Beijing and Beyond the Walls exhibitions.

The group’s final stop was at the Richmond Ballet for an overview of its Road to China cultural exchange scheduled for May 2015. The Richmond Ballet will travel to China to dance their mixed repertory program, Made in the USA: Traditions & Innovations, at the Meet in Beijing Arts Festival. This past July, the Richmond Ballet performed in China as part of the U.S. Department of State’s 2014 Cultural Pillar Delegation for the U.S.-China Consultation on People-to-People Exchange.

China-Virginia relations remain solid, and Governor McAuliffe led two marketing missions to China in July and October to tell the Virginia story and build relationships with companies seeking to expand into the U.S.

Virginia is a great location for international companies seeking to enter the U.S. due to the Commonwealth’s strategic East Coast location, pro-business regulatory and cost environment, excellent logistics network, premier workforce and enjoyable quality of life. To learn more, click here.

A group of leading online journalists from China visit the Virginia State Capitol during their tour of Richmond.

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About VEDP

Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

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VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
YesVirginia Business Blog | All posts by info@yesvirginia.org

Virginia to Offer Foreign Direct Investment Expertise

Friday, 24 March 2017 09:51 by Info@YesVirginia.org

The Virginia Economic Development Partnership will attend the German American Trade Association’s U.S. Entry Meeting in Stuttgart, Germany on March 29.

The German American Trade Association is a nonprofit organization that offers seminars and advice on site selection, funding, customs affairs, and finding agents and distributors for companies looking to do business with the U.S.

Ryland Potter, a member of VEDP’s Business Investment division, will serve as a foreign direct investment expert and speak on subsidies and grants available to German companies looking to expand into the U.S. market.

Virginia is a leading gateway to successful business in North America, with more than 550 internationally-owned companies choosing to call the Commonwealth home.

"Companies thinking about establishing a subsidiary in the U.S. attend GATA meetings to get the most up-to-date information in order to assess their potential,” said Luisa Blumfeld, GATA’s Marketing Director.

VEDP values its partnership with the German American Trade Association and the opportunity to meet with companies directly to showcase Virginia as a location to do business.

International companies have invested more than $8.3 billion over the past 10 years. To learn why so many companies choose to invest in Virginia, click here.

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Virginia Rises to Second in Atlantic Region in Annual Workforce Development Rankings

Wednesday, 1 February 2017 14:25 by Info@YesVirginia.org

Virginia rose from fourth to second in the Atlantic region in a recent analysis of state workforce development activities conducted by Site Selection Magazine.

Site Selection’s third annual state workforce development rankings provide a general sense of which states, in a given region, are devoting sufficient or superior resources to preparing their workforces for current and future employment. The analysis looked at states’ commitment to skills development as measured by their spending on workforce development, K-12 preparation and the number of working-age adults deemed “career-ready.”

Among the eight ranked states, Virginia scored ahead of highly competitive states like Florida, North Carolina, Maryland, and Delaware, and tied with South Carolina.

“Virginia’s improved ranking is further evidence that we’re making significant progress toward building a 21st century workforce,” said Governor McAuliffe. “We know that workforce is the number one factor companies evaluate when making a decision to locate a new facility or expand their existing business.  We’re pleased to see our position improve relative to our regional competitors and will continue our efforts to assure our position as a leader in workforce development and education.”

Virginia offers customized recruiting and training services through the Virginia Jobs Investment Program (VJIP). To learn more about this economic development incentive, click here.

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Virginia Economic Developers Recognized in National Ranking

Wednesday, 25 January 2017 14:20 by Info@YesVirginia.org

Five of Virginia’s top economic developers were recognized on Consultant Connect’s 2017 list of North America’s Top 50 Economic Developers last week.

Consultant Connect, an agency designed to bridge the gap between economic developers and site consultants, announced its annual list of leaders in the industry. The recognized economic development professionals were nominated by their colleagues in both the economic development industry and the site consultant community for excellent practices and innovation and success in building the communities they serve.

Virginia tied for the second most appearances of any state on the list of top economic developers. We are thrilled to congratulate:

    - Pandy Brazeau, Virginia Economic Development Partnership

·         - Carrie Chenery, Shenandoah Valley Partnership

·         - Beth Doughty, Roanoke Regional Partnership

·         - Megan Lucas, Lynchburg Regional Business Alliance

·         - Buddy Rizer, Loudoun County Department of Economic Development

This recognition is a testament to Virginia’s dedicated economic development team at the state, regional and local levels. VEDP is proud to work with such a committed team, and we are thrilled to have so many colleagues recognized on this list.

 

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Staying Focused on What Really Matters

Friday, 16 December 2016 14:39 by Info@YesVirginia.org

As 2016 comes to a close, we want to recognize the economic development profession throughout Virginia that works tirelessly for the common good, and in particular, to the dedicated employees of the Virginia Economic Development Partnership Authority (VEDP).

As leaders of the Board of Directors of VEDP—which by anyone’s measure, just experienced its most difficult year of operation since its formation in 1995—we are wrestling with deep problems facing VEDP, the economy and some systemic ones woven into the very fabric of how our Commonwealth approaches economic development. We are, however, optimistic because we know that economic development partners across the state are taking actions necessary to fortify Virginia’s future.

For our part, the VEDP Board is engaged. In 2014, Don Seale, then Chairman of the VEDP Board of Directors, realized that fundamental changes were needed inside the organization.  Don called for the creation of a Chief Operating Officer position and recruited Dan Gundersen to help reset VEDP. Dan’s initial focus was on strategic direction, creative programming, engaging employees, and assuring greater management control and accountability procedures.

We began to peel back the layers of VEDP. Dan Gundersen produced for the Board a first-ever Strategic Review that serves today as the guidepost for a 3-5 year action strategy for VEDP. A new compensation plan was adopted which provided pay equity across positions. We evaluated funding models for 49 other states’ economic development entities, produced new top-line metrics, put in place a robust communications strategy for the external partners and encouraged new avenues for employee input and engagement.   

We (Chris Lumsden and Dan Clemente) succeeded Don Seale as Chairman and Vice-Chairman respectively and the first thing we decided to do was to hear from our stakeholders. We conducted a Listening Tour that involved over 150 economic development professionals, public officials, and business interests in all regions of Virginia and more than 80 counties. We learned that over several years’ time, VEDP’s approach to marketing and deals had alienated many of its stakeholders and contributed to a crisis of confidence.

In March of this year, we asked Dan Gundersen to serve as Interim President and CEO, as well as COO, to help turn around VEDP. He demonstrated great courage and collaborative leadership skills in managing VEDP during a period of serious political stress and organizational crisis. Working with the Board’s Finance and Audit Committee, the VEDP team put in place solid due diligence procedures for discretionary grants, cleaned up twenty years of Governor Opportunity Fund records, and delved into data integrity and integration issues. VEDP also moved its 55,000 square-foot headquarters to new space that saved the Commonwealth over $1.8 million. The new headquarters is designed with open spaces and glass offices and, quite literally, sends a clear message to all that VEDP is a transparent organization that is reinventing itself for the next generation of economic development.   

By mid-summer, again with direct involvement of key Board leaders, input from the Joint Legislative Audit & Review Commission (JLARC) team and independent management consultants, VEDP was prepared to roll out a reorganization. Dan Gundersen successfully led VEDP through the difficult reorganization process, with input from a core planning group, cross-functional work teams, and facilitated focus groups of employees throughout the organization. Three new market-facing divisions were established: Business Investment, Competitive Initiatives and Workforce Development. They operate alongside VEDP’s International Trade team to support businesses.

New management in key spots has infused new energy and determination to have VEDP become recognized as the very best economic development organization in the country. We are pleased that Stephen Moret will join us at the helm in January.

Our work is not over—far from it. But we have laid a solid foundation on which to build a bright future for economic growth in Virginia. This would not have happened without the active support of Virginia’s economic development professionals. We thank you and look forward to continuing to work closely with you as we enter into the new year with renewed confidence and enthusiasm.

Sincerely,

Dan Clemente, Chairman of the Board
Vince Mastracco, Vice-Chairman of the Board
Chris Lumsden, previous Chairman of the Board

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Getting to Know: New River Valley

Thursday, 1 September 2016 16:30 by Info@YesVirginia.org

Throughout the year, VEDP embarks on regional familiarization trips, or FAM tours. In August, Charlie Jewell of the New River Valley Alliance lead a small group from VEDP on a tour around the New River Valley (NRV), which included 20 visits to local businesses.

The NRV covers more than 200 square miles and is home to Giles County, Pulaski County, Floyd County, Montgomery County, the City of Radford and Towns of Blacksburg and Christiansburg. With a growing population of 183,000, the NRV has an incredibly diverse and robust economy for its size.

In 2015, the region had the second highest job growth rate in Virginia, and this year, Area Development Magazine listed the NRV as having the fourth best workforce in the nation. The Valley is also a constant recipient of quality of life accolades thanks to the area’s beautiful mountainous setting and charming small town atmosphere. The NRV is also bolstered by their esteemed universities, including Virginia Tech and Radford, in addition to the New River Valley Community College.

On the tour, VEDP visited a wide array of business including Red Sun Farms, Jackson Park Inn, Floyd Commerce Park, Rackspace, Virginia Tech’s Corporate Research Center and the Riverbend Facility.

To learn more about Virginia’s wide variety of communities, click here.


Members from VEDP tour available building space in the New River Valley.

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Virginia’s Woodworking Industry Provides Solid Foundation

Friday, 26 August 2016 14:31 by Info@YesVirginia.org

This week, VEDP is attending the International Woodworking Fair in Atlanta, Georgia. We had the opportunity to partner with our state’s Department of Agriculture and Consumer Services and Department of Forestry to promote Virginia and its forest products, emphasizing the importance of the industry in the Commonwealth.

More than 31,000 people were employed by over 900 companies in Virginia’s wood products industry in 2015, which had a direct economic output of $10.3 billion and supported an additional output of $7.1 billion.

Virginia’s strategic mid-Atlantic location and superior transportation network provide access to 43 percent of the U.S. population located within a one-day (10 hour) drive. These assets combined with access to the Port of Virginia and a direct connection to over 100 foreign ports make an ideal location for wood industry companies.

Virginia’s higher education system provides education and training programs to bolster the Commonwealth’s workforce and therefore Virginia businesses. Virginia Tech’s Department of Forest Resources and Environmental Conservation is home to the following research centers: Conservation Management Institute, Center for Geospatial Information Technology and Virginia Water Resources Research Center. Virginia State University partners with Virginia Tech to run the Virginia Cooperative Extension to offer programs such as the Virginia Forest Landowner Education Program and the Virginia SHARP Logger Program. Blue Ridge Community College has a Die Cutting and Packaging program to generate skilled technicians for the paperboard packaging industry.

In the past decade, wood products companies in Virginia have announced projects worth $3.8 billion in pledged investment and more than 10,100 pledged jobs. To learn why companies choose Virginia click here.

VEDP, VDACS and VA Department of Forestry provide large Virginia presence at IWF 2016.

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Foreign Direct Investment Makes Massive Job Impact on Virginia

Thursday, 23 June 2016 09:48 by Info@YesVirginia.org

This week, VEDP attended the SelectUSA Investment Summit, a high-profile event in Washington, D.C. dedicated to promoting foreign direct investment (FDI) in the United States. We had the opportunity to connect with companies all over the world to discuss the benefits of doing business in Virginia.

Governor Terry McAuliffe hosted a Virginia reception to showcase the Commonwealth’s assets and participated in a workforce development panel during the conference.

Global investment supports nearly 487,000 jobs in Virginia. These direct FDI and related supply chain jobs earn higher compensation than the overall state average.

During SelectUSA 2015, VEDP met ELDOR Corporation for the first time. Following the Summit, Governor McAuliffe traveled to ELDOR’s headquarters in Italy to meet with company leadership. Less than one year after first meeting at SelectUSA, ELDOR announced their plans to invest $75 million and create 350 new jobs at their North American regional headquarters in Botetourt County.

More than 700 internationally-owned companies call Virginia home, including Canon, Stihl and Rolls-Royce. Cost-effective operations, pro-business values, global logistics assets and easy access to the U.S. market are just a few of the unique resources that allow businesses to prosper here.

From 2009 to 2014, international companies announced more than 15,000 new jobs and $4.6 billion investment in the Commonwealth. To learn why companies choose Virginia for internal investment, click here.


Governor McAuliffe
participated in a workforce development panel during SelectUSA.

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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.

Georgia Pacific’s Big Island Mill Celebrates 125 Years in Virginia

Thursday, 26 May 2016 13:53 by Info@YesVirginia.org

Virginia is celebrating Business Appreciation Month by showcasing Georgia Pacific and the 125th anniversary of its Big Island paper mill in Bedford County, Virginia.

Georgia Pacific is one of the world’s leading manufacturers and distributors of tissue, pulp, paper, packaging, building products and related chemicals. Located just north of Lynchburg on the James River, Big Island mill is one of four Georgia Pacific locations in Virginia. The other facilities are located in Gladys, Emporia and Ridgeway.

The Big Island mill has been in continuous operation since 1891, when the first roll of paper was produced. The mill has faced ownership changes, fire, floods, and machinery and technological shifts during the past 125 years.

The paper mill’s most recent announcement in 2015 included a $50 million investment to improve reliability and environmental performance and upgrade technology.

To mark the mill’s 125 years of continual operation, Georgia-Pacific has launched a year-long commemoration throughout 2016 to honor the mill’s history, celebrate generations of employees and to thank the community for its enduring support.

The Big Island facility employs about 330 people and is Bedford County’s oldest business. The company credits its success to the community, which helped sustain and support Big Island and generations of families who continue to work at the mill for more than a century.

In addition to a strong manufacturing workforce, Virginia provides Georgia Pacific with a strategic location, offering easy access to the company’s customers. Located on the upper James River, the Big Island location offers employees a high quality of life with close proximity to the Blue Ridge Mountains, scenic hiking and biking trails, and numerous national parks.

As we celebrate Virginia Business Appreciation month, Georgia Pacific’s Big Island paper mill serves as a great example of how Virginia can offer long-term prosperity. To learn why companies like Georgia Pacific call Virginia home, click here.

An undated photo of a maintenance crew working at the Big Island paper mill.

Distribution Companies Deliver Big Investment to Virginia

Wednesday, 18 May 2016 14:53 by Info@YesVirginia.org

This week, for Business Appreciation Month, we’re highlighting Virginia’s distribution industry and celebrating the positive impact these companies bring to the Commonwealth.

Virginia's businesses provide services and manufactured goods to customers throughout the world. Our distribution base remains strong and continues to grow with companies like The Home Depot, Best Buy, Target, Wal-Mart, Ace Hardware and Amazon.com all delivering goods from the Commonwealth.

Increasingly, retailers and distributors are taking advantage of Virginia's proximity to Eastern U.S. and Midwest markets. Millions of square feet of new warehousing space have been added at new distribution centers around the state.

In the past decade, 365 global logistics industry projects have announced capital investment of more than $1.8 billion and the creation of over 16,500 new jobs.

The Commonwealth is within a one-day drive time of approximately 43 percent of the U.S. population and over 186,000 manufacturing establishments. With our central East Coast location, Virginia is an obvious choice for many companies looking to establish or expand distribution centers.

In 2012, The Vitamin Shoppe announced a $39.4 million investment to establish a distribution center and create 174 new jobs in Hanover County. The 312,000 square-foot facility has become the company’s flagship distribution center featuring a state-of-the-art conveyor and picking and packing systems to move products from storage shelves throughout the facility to shipping bays.

McLane Foodservice Distribution, located in Prince William County, services restaurants in the Mid-Atlantic region. With two expansions in the last 10 years, the 223,000 square foot facility has three different temperature controlled areas—freezer, refrigerated and dry—in addition to employing more than 160 people.

As part of Virginia Business Appreciation Month, the distribution and global logistics industry is a great example of success due to the Commonwealth’s premier location and business environment. To learn more about the distribution industry in Virginia, click here.


The Vitamin Shoppe distribution center in Hanover County, Virginia.

Cybersecurity Industry Surges Ahead in Virginia

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

It’s Business Appreciation Month in Virginia, and we’re celebrating by highlighting one of the Commonwealth’s top industries, cybersecurity.

With its close proximity to Washington, D.C., Virginia is part of the nation’s Cyber Capital. As the hub of leading-edge intelligence technology, Virginia serves as a fertile ground for the growing cybersecurity industry. Key federal agencies involved with cybersecurity along with the nation’s leading cyber companies, such as Booz Allen Hamilton, General Dynamics, Lockheed Martin and Northrop Grumman Corp. are located in Virginia.

The Commonwealth is at the center of the IT industry, with 70 percent of the world’s internet traffic passing through Virginia.

On the heels of California, Virginia has the second highest concentration of technology workers in the nation, with nearly 10 percent of the state’s workforce employed by the information technology sector, according to Cyberstates 2015. As a result, Virginia is home to the headquarters of nearly 40 of the Washington Technology Top 100 federal contracting companies.

Reston’s Carahsoft is one of the most successful, fastest growing technology solution providers in the U.S. Founded in 2004, Carahsoft helps government agencies find the best possible technology solution at the best possible value.

NCS Technologies, headquartered in Gainesville, designs, manufactures, distributes and supports its products from a single location for clients including federal agencies, healthcare and schools. Since its founding in 1996, NCS Technologies has become a leading domestic producer of computers, servers and storage systems.

As part of Virginia Business Appreciation Month, cybersecurity represents the high-growth and technological innovation that is alive and well in the Commonwealth. To learn why these companies have found success in Virginia, click here.

 

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About VEDP

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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