RaesWear — Pouch Pants that Solve the Storage Problem

Thursday, 23 July 2015 16:49 by Info@YesVirginia.org
When entrepreneur Leigh Cockram was traveling on business in the summer of 2012, she struggled to find a way to store her hotel key, money and phone while going for a run. She thought, “There’s gotta be a better way,” so she created one...

When entrepreneur Leigh Cockram was traveling on business in the summer of 2012, she struggled to find a way to store her hotel key, money and phone while going for a run. She thought, “There’s gotta be a better way,” so she created one.

The RaesWear concept includes a patented design with a front and back pocket along the entire length of the waistband. The runner uses one of two access points on the front and back to stow a variety of gear, without the fear that it will slip out or pull on their shorts or tights.

The company was named after Leigh’s grandfather, Ray, who was a gunner in the Army Air Corp. during World War II. Rae became a family name passed down to future generations and was a nice pun on race wear, while honoring the legacy of service established by her grandfather.

Leigh began making prototypes herself in 2012, and was directed by The Launch Place to a designer in North Carolina to make additional samples. Realizing she wanted to work closer to home and manufacture the products in Virginia, Leigh connected with Mollie’s Originals in Martinsville in 2014, and they have been manufacturing the products ever since.

RaesWear began with one pair of running tights and has grown to 13 products, including shorts, skorts, capris, tights and pants. While initially designed for athletes, customers are using the clothes for both exercise and throughout the day.

The company’s website at www.RaesWear.com was launched in December 2014, and products are sold online and at Mollie’s Originals. Leigh and her husband have used grass roots efforts, from social media YouTube videos, to appearances at marathon expos, to get the word out. They plan to start a paid advertising campaign shortly. 

They have also received requests to develop a product for men, and are currently working on a menswear line.

In true entrepreneurial fashion, Leigh has kept her day job and works on RaesWear at night and on the weekends from her home. Her husband has transitioned to support RaesWear full-time. 

YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Forbes.com Ranks Virginia #2 Best State for Business for Second Year Running

Monday, 5 December 2011 11:01 by Info@YesVirginia.org
Once again Virginia has received a podium ranking from Forbes.com as the #2 Best State for Business in 2011. Virginia claimed the number two spot for the second year running after placing number one from 2006 – 2009.

Once again Virginia has received a podium ranking from Forbes.com as the #2 Best State for Business in 2011. Virginia claimed the number two spot for the second year running after placing number one from 2006 – 2009. Forbes.com uses six categories to determine the results and Virginia scored in the top five in three of the categories, including labor supply, regulatory environment and quality of life.

According to Forbes.com, “Virginia ranks No. 2 for the second straight year after a four year run ranked first. Virginia has a strong, educated labor force and a pro-business regulatory climate. The only thing keeping it from the top spot is its outlook.”  While the article listed possible changes in federal and military spending as the reason Virginia didn’t receive the top accolade, Virginia’s strong growth story is illustrated by its recent number one ranking for Economic Potential in Business Facilities magazine 2011 Rankings Report.

2011 has been an impressive year for Virginia, with number one rankings from CNBC and Pollina Corporate Real Estate, as well as a top five ranking from Site Selection magazine. Virginia’s number one CNBC ranking was significant not only because it has held one of the top two places since 2007, but in 2011 Virginia received the highest point total in the history of the ranking. 

The factors that are used to calculate these results include energy costs, corporate tax rates, right-to-work legislation, workers compensation laws, educational opportunities, the quality and skill of the workforce, job creation, project development, the potential and viability of the state’s growth strategy and quality of life. The results are in and Virginia has shown it is open for business by consistently scoring top state rankings. 

To learn more about Virginia’s unique combination of resources that have encouraged entrepreneurs to prosper here for more than 400 years click here.

Virginia’s Renewable Energy Industry Expands

Thursday, 1 December 2011 17:24 by Info@YesVirginia.org
Yesterday, leading biomass fuel manufacturer Enviva LP announced plans to build a 454,000 metric ton wood pellet manufacturing facility in Southampton County, Va. This $75 million investment will create 64 new full-time jobs as well as additional jobs through the company’s logging supply chain.

Yesterday, leading biomass fuel manufacturer Enviva LP announced plans to build a 454,000 metric ton wood pellet manufacturing facility in Southampton County, Va. This $75 million investment will create 64 new full-time jobs as well as additional jobs through the company’s logging supply chain.

Virginia is on the fast track to lay claim to the title “Energy Capital of the East Coast,” and this is certainly another step towards that end. With an “all-of-the-above” solution to the energy crisis, the Commonwealth possesses resources across multiple sectors ranging from conventional fuel mining to natural gas and nuclear energy, all the way to renewable energy sources such as wind and biomass.

Enviva’s mission is closely aligned with the Commonwealth, as it seeks to balance energy needs with environmental concerns through a strong commitment to sustainable business practices. Recognizing that transportation is a component of a company’s total environmental impact, Enviva strategically locates its facilities within 75 miles of biomass sources. The company also selects locations in close proximity to waterways and ports for easy shipment to international customers, particularly in Europe. 

Fortunately, Southeastern Virginia is uniquely positioned to meet the company’s needs on both counts. Best summed up by Enviva Chairman and CEO John Keppler, “Southampton County has all the elements essential to our success: a rich wood basket, a strong and seasoned timber industry, a skilled and experienced labor force and is logistically advantaged to our Port of Chesapeake export terminal." Enviva invested in a terminal at the Port of Chesapeake earlier this year due to its deep water capacity and ability to accommodate a large variety of vessels.

To learn more about Virginia’s energy assets and why 385 energy companies have set up operations in the Commonwealth click here.

Alpha Natural Resources Opens Headquarters in Bristol Virginia

Tuesday, 29 November 2011 14:12 by Info@YesVirginia.org
Yesterday, leading coal supplier Alpha Natural Resources celebrated the opening of its new corporate headquarters building in Bristol, Va. Governor McDonnell was joined by state and local officials to congratulate the company at its unique ribbon-cutting ceremony where a team of coal miners cut a ribbon of miner’s belts to commemorate the new building.

Yesterday, leading coal supplier Alpha Natural Resources celebrated the opening of its new corporate headquarters building in Bristol, Va. Governor McDonnell was joined by state and local officials to congratulate the company at its unique ribbon-cutting ceremony where a team of coal miners cut a ribbon of miner’s belts to commemorate the new building. Located on 30 acres at the Sugar Hollow Business Complex, the 130,000-square-foot building was designed to meet the green building Leadership in Energy and Environmental Design (LEED) standards.

Alpha Natural Resources announced its selection of Virginia as the site for its new headquarters building just over two years ago. The investment of more than $20 million combined with the creation of 69 new jobs and preservation of 131 jobs is a significant boon for the City of Bristol and Southwest Virginia.

Virginia can count yet another headquarters win to its all-star roster, successfully competing against Maryland and Tennessee for the business. Alpha Natural Resources is certainly an impressive company to add to this list. Commencing operations in 2002, the company has quickly grown to become the world’s third largest metallurgical coal supplier and the top metallurgical coal supplier in the U.S.

Location was a key deciding factor in Virginia’s favor. According to CEO Kevin Crutchfield, “The property is in a very attractive park-like setting and has easy Interstate access. A distinct advantage of the new location is its proximity to many of the company’s operations and its convenience for Alpha’s current corporate office work force.”  With a long history of coal mining in Southwest Virginia, the company has an experienced work force to draw upon for future growth.

To learn more about Virginia’s booming energy industry and why other energy companies have said yes to Virginia click here.

Made in America - Virginia's Plastics Industry Expands Again

Tuesday, 22 November 2011 16:02 by Info@YesVirginia.org
Made in America - Virginia's Plastics Industry Expands Again

Commonwealth Laminating & Coating, Inc. just announced plans to invest $16.5 million to expand its highly advanced manufacturing facility in Martinsville, Va. Secretary Cheng was on hand today to present President & CEO Steve Phillips with a Virginia Flag to celebrate the company’s growth as well as the 40 additional jobs this project will create.

As Southside Virginia continues its economic rebound, it is particularly good news for the region when valued employers, such as Commonwealth Laminating & Coating, choose to remain and grow in the area. Even more impressive, Virginia successfully competed against China for this project. Though the company has operations in eight locations across five countries, the Martinsville location serves as the company’s sole manufacturing facility, not to mention its corporate headquarters. With the ever present concern about manufacturing jobs migrating overseas, this expansion speaks volumes about how competitive Virginia’s business environment really is at the global level.
 
This expansion will allow the company to grow its solar control window film and high-performance coatings business serving the automotive, architectural, safety and security, and industrial markets. It also marks another win for Virginia as the Commonwealth stakes its claim as a leading polymer and film manufacturing location.

Virginia is home to more than 200 plastics companies that employ more than 20,000 residents. Since 2002, plastics and advanced materials companies have invested more than one billion and created more than 5,600 new jobs in Virginia. Recently, a number of new investments have been announced including Dupont, O’Sullivan Films and Green Mountain Coffee packaging supplier Phoenix Packaging. To learn why these plastics and advanced materials companies chose to locate their manufacturing facilities in Virginia click here.

Dulles International Airport Delivers More than Passengers

Friday, 18 November 2011 17:17 by Info@YesVirginia.org

What many commuters traveling through Dulles Airport may not know is that this airport handles a significant amount of commercial freight and is primed to handle additional air cargo capacity. From refrigerated food to flowers to pharmaceuticals and heavy equipment, Dulles Airport offers a number of competitive advantages for advanced manufacturers, freight forwarders and third-party logistics providers.

Officials from the Metropolitan Washington Airports Authority (MWAA), Loudoun County, and Virginia Economic Development Partnership (VEDP) recently hosted a group of site selection consultants to expound upon these strategic advantages – location, low operating costs and existing infrastructure.

Located at the center of the East Coast air cargo market, the Dulles Catchment Area covers 25 states and part of Canada with overnight service. Dulles has a dedicated access road providing a fast connection to I-95, and its close proximity to I-81 and I-70 provide an extensive ground transportation network to Eastern, Midwestern and Canadian markets. Due to the nature of goods being transported, timing is critical and gains in efficiencies not only deliver a better product to the end user, but save the shipper from incurring spoilage costs.

Of equal importance to its import capabilities, Dulles is also able to attract a strong market for export, which is crucial to establish cargo for the backhaul. “If exports and imports match up, it’s a huge enhancement and adds to the price-point value. Air freight carriers and manufacturers ideally want the planes to be fully loaded both coming and going,” said Warren Hammer, VEDP Business Development Manager – Logistics.

Dulles Airport can also be highly competitive from a cost standpoint. It is an industry standard to charge landing fees; however, Dulles bases its fees on the Maximum Landing Weight while many of its competitors base their fees on the Maximum Take-Off Weight. As an airplane weighs considerably less at landing, due to fuel consumption, these cost savings can add up over time. Dulles also competes favorably on other costs such as lower cargo handling and fuel fees, as well as fewer weather-related delays compared to its Northern counterparts, leading to an overall lower operational cost structure for carriers and manufacturers.

In 2010 Dulles handled almost 323,000 metric tons of freight, with more than 195,000 metric tons traveling internationally. Its 442 weekly international departures to 48 destinations around the world illustrate how Dulles has already developed a substantial infrastructure. “There’s already a critical mass for the global air cargo market, but what’s most exciting is there’s capacity to grow,” said Brent Sheffler, VEDP Managing Director - Advanced Manufacturing. Added Sheffler, “Dulles has 515,000 square feet of cargo warehouse space, nearly one million square feet of cargo ramp and hundreds of acres surrounding the airport to support highly-secured air cargo and climate-controlled distribution facilities.”  

The air cargo capabilities of Dulles International Airport add to the compelling story of why Virginia is CNBC’s Top State for Business. To learn why Virginia’s is a leading gateway to the world click here.

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Blacksburg Virginia Named Bloomberg Businessweek’s #1 Best Place in the U.S. to Raise Kids

Thursday, 17 November 2011 15:44 by Info@YesVirginia.org
Blacksburg Virginia Named Bloomberg Businessweek's #1 Best Place in the U.S. to Raise Kids

Best known as the college town surrounding Virginia Tech, Blacksburg is making a name for itself as a family-friendly community after receiving top scores on a number of factors parents consider when deciding where to live. “Excellent schools, combined with an affordable cost of living, relatively low crime, and plentiful amenities lifted Blacksburg to first place in Businessweek.com’s sixth nationwide ranking of best places in each state in the U.S. to raise kids,” according to Bloomberg Businessweek.

Blacksburg offers residents a high quality of life with a multitude of recreational activities. Located between the Blue Ridge and Alleghany Mountains, the town provides easy access to the Appalachian Trail and the George Washington and Jefferson National Forests. In addition to an aquatic and community center, Blacksburg maintains more than 400 acres of parkland which houses public playgrounds, sports fields and miles of walking and biking trails.

It is no surprise that the top city to raise children has an excellent educational system, with schools that score well above average on standardized tests. The community is home to seven public schools – from elementary through high school – as well as several private schools, day-care facilities and preschools. As for higher education, Virginia Tech was ranked 28th in U.S. News & World Report’s Top Public National Universities list and its College of Engineering was ranked 15th in the nation. With more than 100 centers and institutes performing research, Virginia Tech graduates enter the workforce armed with real world, problem-solving experience. 

The Blacksburg workforce is highly educated, with two-thirds of residents above the age of 25 holding a bachelor’s degree or higher and 40 percent holding a graduate or professional degree. This type of educated workforce combined with the research capabilities of Virginia Tech is a huge draw for companies. The Virginia Tech Corporate Research Center is home to more than 140 high-tech companies and research centers and Blacksburg Industrial Park is one of several industrial and research business parks housing numerous high-tech and manufacturing companies. In fact, Blacksburg had three companies make Inc. Magazine’s 2011 500|5000 list of the fasting growing U.S. companies.

To learn more about why Blacksburg, Va. is the best place in the U.S. to raise a family click here.

 

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Virginia On Target at CoreNet Global Summit

Tuesday, 15 November 2011 10:34 by Info@YesVirginia.org
Virginia's web-based site selection tools on target with CoreNet Global Summit show theme - Social Dynamics: Connectivity, Creativity, Relationships.

Virginia Economic Development Partnership (VEDP) exhibited at the CoreNet Global Summit in Atlanta, Ga., last week to promote Virginia’s pro-business climate and extensive assets with business leaders and site selection consultants in the hopes of drawing additional investment and jobs to the Commonwealth. CoreNet Global is a leading member association for corporate real estate executives and this year’s event drew more than 1,500 attendees.

The international presence at this year’s show continued to increase, reflecting the macro trends of globalization and the subsequent expansion of the corporate real estate industry. Also of note was an increase in real estate firms, providing a full-service approach that end-users typically had to farm out to multiple service providers. 

The theme of this year’s event was “Social Dynamics: Connectivity, Creativity, Relationships,” exploring how people are connecting in different ways with new tools and how this impacts the corporate real estate industry. Fortunately, Virginia is right on target keeping pace with technology and the demands of the industry. The Commonwealth has one of the country’s most advanced site selection tools called VirginiaScan. VirginiaScan is a web-based tool that allows companies and consultants to search a database of more than 2,100 qualified sites and buildings across the Commonwealth based on a number of criteria such as property type, square footage, logistics requirements, labor statistics and existing business data. Virginia also has another web-based tool called Compare Virginia, which allows consultants to perform a side-by-side comparison of how Virginia compares with other states in a variety of areas, including education, employment, income and wages, labor relations, population, public debt and taxes. 

Tools like those mentioned above cater to the on-the-go demands of executives and site selection consultants by allowing them to access web-based tools and get a head-start on research, while maintaining confidentiality in the early stages of a property search. To learn why CNBC has selected Virginia as the Top State for Business and how VEDP can help with your site selection search click here

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New ITT Exelis Headquarters Open for Business

Wednesday, 9 November 2011 16:15 by Info@YesVirginia.org

Yesterday, ITT Exelis celebrated the official opening of its new headquarters in Fairfax County, just a few short months after Governor McDonnell’s announcement of the company’s plans to invest up to $5 million and create 100 new jobs. This has been a busy few weeks for ITT Exelis, completing its spin-off from ITT Corporation on October 31, and ringing the bell at the New York Stock Exchange as an independent company on November 4. 

Secretary Cheng and Congressman Jim Moran were on hand to offer their congratulations to the company as ITT Exelis unveiled its logo on the newly christened headquarters building. Located on Tysons Boulevard, the new corporate headquarters is housed in the center of the bustling business community of Tysons Corner in McLean, Va., just a few miles away from the Pentagon and other key government and military customers. With expansion of the D.C. Metro’s Silver Line expected to come right through the area in a couple of years, contact with D.C. defense players will only improve.

Proximity to key customers isn’t the only reason Virginia won this deal. ITT is already well acquainted with Virginia’s pro-business climate, as it is has a strong presence across the state with operations in McLean, Herndon and Roanoke. The decision to further its presence in the Commonwealth, particularly with ITT Exelis’ headquarters location, illustrates an understanding of Virginia’s strong assets that include a highly skilled workforce and a favorable regulatory and tax environment.

Coming right on the heels of Northrop Grumman’s new headquarters opening, Virginia is establishing itself as the global hub for the defense industry. Already home to ATK, BAE Systems Inc., CACI International, Computer Sciences Corp., General Dynamics, SAIC and SRA International, the Commonwealth is in a strong position to attract additional defense players. To learn why top defense and aerospace companies said yes to Virginia click here.

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Top U.S. Construction Company Brings 625 Jobs to the Top State for Business

Monday, 7 November 2011 17:06 by Info@YesVirginia.org

Virginia wins big again – Bechtel Corporation, rated the top U.S. construction contractor by Engineering News-Record, just announced its plans to invest $18 million and bring 625 jobs to Fairfax County in Northern Virginia. The company will relocate its Global Operations headquarters from Maryland and establish its Government Services group headquarters at the Reston Town Center in Reston, Va.

Bechtel selected Virginia because it has the right combination of resources to help the company succeed in a global environment. The growth sectors of the Commonwealth closely align with Bechtel’s market focus, and the location in Fairfax County puts the company in close proximity to key customers in the government, IT, energy and transportation sectors. With the company’s corporate headquarters in San Francisco, Virginia’s central East Coast location gives Bechtel a coast-to-coast presence as well as global access through nearby Dulles International Airport.

Virginia’s ability to match the company’s workforce needs, particularly in the IT and engineering sectors, helped seal the deal. Virginia has the highest concentration of high-tech workers in the nation according to Cyberstates 2010 – 277,575 to be exact. The Commonwealth also has a strong pipeline of educated technology professionals entering the workforce with more than 18,500 students enrolled in IT programs and 3,400 degrees and certificates awarded in the 2009-2010 academic year. To learn more about Virginia’s technology assets click here.

Bechtel is part of a steady stream of companies who have recognized Virginia’s pro-business climate and selected the Commonwealth for their headquarters operations.  SAIC, CSC, Volkswagen of America, Northrop Grumman, ITT Exelis and Hilton Worldwide are just a few companies that have established headquarters in the Commonwealth. To learn why many of the world’s largest companies call Virginia home click here.

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Virginia Brews Up 800 New Jobs in Isle of Wight

Tuesday, 1 November 2011 15:59 by Info@YesVirginia.org

Isle of Wight County received some big news when leading coffeemaker Green Mountain Coffee Roasters, Inc. (GMCR) announced it will invest $180 million and create 800 jobs over the next five years. The company plans to purchase a 330,000-square-foot building at Shirley T. Holland Intermodal Park that will serve as a production and distribution facility, handling the roasting, grinding, flavoring and packaging of its Keurig® single-serve product line. 

Governor McDonnell aptly described this project as “transformational for Isle of Wight County.” The county, part of the Hampton Roads region, was especially hard hit by job losses during the recent economic downturn. The 800 jobs that this project will bring are particularly meaningful to this community.

Virginia was able to attract this world class consumer products company because it was able to provide a location that aligned the company’s production facility with its supply chain, workforce and logistical needs. The Commonwealth’s central location on the Atlantic Coast allows for easy transport to the Northeast, Southeast and Midwest markets. 

GMCR referenced the appeal of Virginia’s workforce as one of the key factors in selecting this site. Virginia is home to 525 Food Processing companies that employ more than 33,000 people. A steady stream of skilled employees is provided through Virginia Tech’s Department of Food Science and Technology, the Virginia Packaging Application Center at Dabney S. Lancaster Community College, and the Center for High Performance Manufacturing, also at Virginia Tech.

The Food and Beverage cluster is growing in the Commonwealth as Food Processing companies have invested more than $2 billion since 2000, creating more than 6,900 new jobs. Hershey, Kraft Foods, Perdue, Smithfield and Tyson have all elected to locate operations in Virginia. In fact, Phoenix Packaging Operations, LLC, a company that invested $37.5 million over the last eighteen months to establish and then expand its first U.S. operations in Virginia, counts GMCR as one of its packaging customers. 

As Virginia’s Food and Beverage industry continues to grow, its education system has kept pace by expanding its offerings and including specialized training programs to support this growth. The synergies of this public-private partnership are evident, drawing additional companies to the area and furthering the positive trend. To learn more about Virginia’s thriving Food and Beverage industry click here.

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U.S. News and World Report Recognizes Virginia’s Education System

Friday, 28 October 2011 09:59 by Info@YesVirginia.org

With the Governor’s Second Annual Forum on Education and Workforce Training occurring next week, Virginians are primed to discuss our world-class workforce and ensure it remains at the top. Recently, several Virginia colleges and universities received national recognition for being among the best higher education institutions in the nation. In the prestigious U.S. News and World Report Top Public National Universities List, The University of Virginia ranked second and The College of William and Mary ranked sixth. The University of Virginia’s undergraduate business program was recognized with a fifth place ranking and its renowned law school placed ninth this year. The College of William and Mary had the eighth ranked undergraduate teaching program in the country.

Washington and Lee University ranked twelfth among the nation’s best liberal arts colleges. Virginia Commonwealth University had the number one Nursing-Anesthesia program and the number four Fine Arts Program. Virginia Tech University’s College of Engineering was rated fifteenth in the country. The University of Richmond was ranked twenty-seventh in the national liberal arts college category. It was also listed as the third up-and-coming liberal arts school and ninth for best value in the liberal arts school category. Virginia Military Institute was ranked fourth in the public liberal arts college category. George Mason University also received a nod as the number two up-and-coming school in country.

At the regional level Virginia educational institutions also showed strongly. In the category of Top Public Regional Universities in the South, James Madison University was ranked number two, the University of Mary Washington was ranked number six and Christopher Newport University was ranked number nine.   

Success at the collegiate level is grounded in a strong system of elementary and secondary education. U.S. News and World Report also released its Best Public High School List and one of Virginia’s high schools received the number one spot in the Gold Medal category. Thomas Jefferson High School for Science and Technology in Alexandria, Va., was selected from more than 21,000 public high schools across the nation as the number one public high school based on proficiency standards and the degree to which it prepared students for college-level work.

In the 2010-11 academic year, 133,603 degrees from associate through doctorate were awarded at Virginia's colleges and universities. With more than 500,000 students currently enrolled in more than 100 in-state institutions of higher education, and 18,000 military personnel exiting the armed services annually, Virginia is producing a diverse pipeline of skilled workers able to meet the needs of businesses looking to expand into the Commonwealth.

Click here to learn more about Virginia’s excellent education system and workforce training programs serving a variety of industry sectors.

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The Big Apple

Monday, 23 May 2011 08:21 by Info@YesVirginia.org

Last Tuesday, Governor Bob McDonnell and members of the Virginia Economic Development Partnership traveled to the Big Apple to promote the Commonwealth.  A short, but busy one-day marketing trip, the Governor met with corporate partners throughout the morning and hosted a luncheon for business representatives and consultants from the greater New York area.  Following the luncheon, the Governor headed to NASDAQ to preside over the day’s closing ceremony and spoke from the floor with Bloomberg Business Week and Cavuto from Fox News.  Check out some of the photos from the day.

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We're wired up!

Friday, 22 April 2011 13:34 by Info@YesVirginia.org

A new industry sector continues to gain momentum here in Virginia and we’re not the only ones spreading the word. Southern Business & Development magazine ranked three Virginia data center sites in their winter 2011 “Ten Best Data Sites in the South” list. Scott County Regional Business and Technology Park in Duffield, Quality Technology Services in Richmond and GigaParks in southern Virginia all made the cut.

IT operations are an essential aspect of most companies’ operations today, and maintaining a functional data center is crucial to continuing business success. Virginia’s multiple data center locations offer an array of necessary resources to meet the increasing demand for these sites.  From existing infrastructure to ready-to-develop sites, Virginia has locations across the state- both in close proximity to Washington D.C. as well as throughout rural southern Virginia. In fact, Southern Business & Development said, “Southern Virginia is so wired up that we really couldn’t pick a specific site in that part of the state as one of our best data center sites simply because there are so many of them."

InAugust 2010, Microsoft Corp. announced their plans to open a $499 million next generation data center at one of these sites in southern Virginia. The largest investment in southern Virginia history, this project in Mecklenburg County demonstrates Virginia’s commitment to meeting the needs of businesses through a continual development of state-of-the-art infrastructure.

As data centers continue to be a buzz word across the south, you can count on Virginia to remain a front runner in providing top-notch data center sites in a pro-business environment.

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VEDP VALET Graduate Receives Prestigious National Award

Tuesday, 4 January 2011 10:18 by Info@YesVirginia.org

SteelMaster Buildings, LLC of Virginia Beach has been honored with the Growth Through Global Trade Award, a prestigious national award created by UPS in support of the National Export Initiative. SteelMaster Buildings, which recently completed VEDP’s Virginia Leaders in Export Trade (VALET) program, was the only company in the entire United States to receive the award.

Recognizing that 95 percent of the world’s consumers live outside of the U.S., SteelMaster Buildings began to develop an international sales strategy five years ago. The company added a multilingual employee to work with its sales team. In July 2007, SteelMaster Buildings joined VEDP’s VALET program and began implementing its international sales strategy.

VEDP's VALET program incorporates services from a team of experienced international service providers who assist the VALET companies with their international goals. Service providers such as attorneys, Web designers, bankers, translators and freight-forwarders contribute essential skills for expansion into international markets.

When SteelMaster joined the program, the company’s international network consisted of four representatives. In less than two years, SteelMaster Buildings’ network grew to more than 40 representatives. Today, the Virginia company has more than 40,000 buildings worldwide in more than 40 countries and on six continents. SteelMaster Buildings graduated from the VALET program in July 2009 and continues to work with VEDP’s International Trade team to reach new goals of establishing relationships in Latin America, Eastern Europe, and China.

Read the article about SteelMaster Buildings’ success. For more information about VEDP and the VALET program, e-mail Leslie Parpart at lparpart@yesvirginia.org or Oscar Ruiz at oruiz@yesvirginia.org.

Preparing Virginia's Future Engineers

Wednesday, 29 December 2010 15:16 by Info@YesVirginia.org

The Commonwealth Graduate Engineering Program is a long-standing program that has demonstrated Virginia's higher education partnerships for many years. It continues to support the workforce needs of significant advanced manufacturing employers in the Commonwealth. This article is worth the short read.

A Rolls-Royce Style Celebration

Monday, 19 October 2009 15:37 by Info@YesVirginia.org

It’s not unusual for companies to recognize their customers at milestone celebrations.

It’s not even that atypical to give customers some podium time.

But when the customer is the United States Marine Corps, and they arrive at a Rolls-Royce North America event in a Bell-Boeing V-22 Osprey, a multi-mission, military tiltrotor aircraft powered by a Rolls-Royce engine, that’s a bit out of the ordinary.

Not one—but two—40,000-pound V-22s appeared from out of nowhere this morning to usher in construction of Rolls-Royce North America’s first U.S. built-from-the-ground-up manufacturing facility in Prince George County, Virginia. Located on more than 1,000 acres, Crosspointe is the company’s largest site by area in North America, where Rolls-Royce will manufacture, assemble and test a range of aerospace components and products. Initial Rolls-Royce investment is $170 million, with a project total anticipated to be about $500 million. The first phase of work will create about 140 jobs, and Rolls-Royce expects to hire a total of 500 workers before all is said and done. The project was announced in November 2007.

Instead of the typical shovel-piercing-ground ceremony, Rolls-Royce North America CEO Jim Guyette and Virginia Governor Tim Kaine hoisted two flags—one bearing the Rolls-Royce logo and the other symbolizing the Commonwealth of Virginia—with help from none other than the Marines themselves.

 

 V22 Osprey Lands in Prince George County

 

Governor Kaine attends ground breaking

We Blow a Lot of Hot Air

Monday, 14 September 2009 09:33 by Info@YesVirginia.org

We tout Virginia’s East Coast location as both a premium tourism destination and an economic development plus. For tourists, Virginia offers beautiful beaches and an oasis for water sports enthusiasts. But Virginia’s geographic fortune, particularly in the Hampton Roads region, also lends itself to an industry that is growing in importance. Our coastal seat is a cream-of-the-crop location for offshore wind projects.

The Hampton Roads region is well positioned to become a hub for offshore wind supply.  According to the U.S. Department of Energy, Virginia offers a class 6 (outstanding) wind power classification within 10-15 miles of shore and within close proximity to major power demand centers. The risk of major hurricane strikes is minimal in the Commonwealth, which boasts a robust coastal transmission grid, and Virginia is one of only 10 states to possess a shallow water resource base, which is important for turbine placement.

Class 6 winds are located virtually beyond the visual horizon, so those folks who loathe the idea of a turbine view need not worry. They would barely be seen, even on the clearest of days.

Virginia and its partners are working to leverage the Commonwealth’s assets to become a leading provider of wind energy. University partners, including James Madison University, Old Dominion University, William & Mary (VIMS), the University of Virginia and Virginia Tech are engaged in wind research and development, as are corporate partners such as Dominion Power, AREVA, GE Energy, SAIC, and NASA Langley Research Center. Most recently, Dabney S. Lancaster Community College began assembling a wind energy turbine technician training curriculum that covers everything from wind safety to turbine troubleshooting and repair. The college plans to offer the curriculum in 2010.

When the companies come a knockin, we hope to be ready. The Commonwealth’s wind potential is already attracting attention from energy industry leaders such as AREVA, a major Virginia employer that is seeking a location for future wind turbine manufacturing plants. In a recent Daily Press article (http://www.dailypress.com/news/dp-local_windfarm_0904sep04,0,7182547.story) , it was estimated that construction of 100 wind turbines off of Virginia’s coast could create 8,000-10,000 new jobs. How’s that? Turbine manufacturers want to be close to their client.

Wise County in Southwest Virginia last week approved BP Wind Energy’s and Dominion’s plans to move forward with construction of a wind farm within its borders. Nearby Tazewell County is considering a similar proposal. The Southwest region of the Commonwealth provides class 4 (good) wind.

We look forward to working with energy prospects to leverage the potential of our wind—regardless of the region. For more information about VEDP’s energy industry efforts, visit www.YesVirginia.org.

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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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YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Danville Community College Prepares Virginia's Advanced Manufacturing Workforce

Thursday, 3 October 2013 16:37 by Info@YesVirginia.org

With the U.S. seeing a resurgence of manufacturing jobs, Danville Community College (DCC) has launched a new initiative, the Southern Virginia Consortium for Advanced Manufacturing (SVCAM), to ensure Virginia, and especially the Dan River region, is well-positioned to capitalize on this trend.

One of the goals of SVCAM is to expand DCC’s advanced manufacturing training programs. The manufacturing jobs that have been reshored tend to be higher tech jobs that require a strong STEM (science, technology, engineering and math) background.

DCC has already increased the size of its popular Precision Machining Technology program. Graduates are in high demand from businesses in the region, and DCC has doubled enrollment capacity and added two new machining instructors.

With additional funding from the Virginia General Assembly and other industry partners, DCC plans to renovate its Charles Hawkins Engineering and Industrial Technology building and expand machining lab and classroom space from 6,500 to more than 20,000 square feet. SVCAM funding will also be used to expand DCC’s welding, robotics, industrial maintenance, electronics, polymer manufacturing, engineering technology, additive manufacturing and nanotechnology programs.

Another benefit of the SVCAM program is increased outreach to younger students. DCC has partnered with area high schools to establish a 33-hour dual enrollment program that allows juniors and seniors to earn credit towards an Advanced Manufacturing Certificate and gain valuable skills in one of four areas:  precision machining technology, electronics, industrial maintenance or welding.

The benefits of the SVCAM program are already paying off. North American Mold Technology recently announced plans to establish a new operation in Danville and create 120 new jobs. DCC’s ability to supply and train a high-tech manufacturing workforce was cited by the company as a key factor in their location decision and helped Virginia successfully compete against Ohio for the project.

DCC and its SVCAM program is another example of Virginia’s premier education system, offering valuable workforce training solutions that attract businesses to the Commonwealth. To learn more, click here.

 

Forbes.com Names Virginia America’s “Best State for Business”

Wednesday, 25 September 2013 12:38 by Info@YesVirginia.org
Virginia won the top spot again in the Forbes.com 2013 Best States for Business ranking. Virginia has held one of the top two spots every year since the award’s inception, placing No. 1 from 2006-2009 and No. 2 from 2010-2012...

Virginia won the top spot again in the Forbes.com 2013 Best States for Business ranking. Virginia has held one of the top two spots every year since the award’s inception, placing No. 1 from 2006-2009 and No. 2 from 2010-2012.

Forbes.com uses six factors to determine its ranking, and Virginia is the only state to rank in the top five in four of the six categories. Virginia was ranked No. 1 for its regulatory environment, No. 2 for its labor supply, No. 4 for quality of life, and No. 5 for economic climate.

According to Forbes.com, “Virginia ranks first among the states in the regulatory category because of its business-friendly government policies and strong incentive offerings. The tort system is one of the best in the country for businesses, according to the Mercatus Center’s Freedom in the 50 States. Virginia is also one of 24 right-to-work states, which explains a union workforce that is only 4.4% of employment—fifth lowest in the U.S.”

The study also highlighted the strength of Virginia’s workforce, which has helped draw companies like Amazon.com and Microsoft to the Commonwealth. Virginia has the highest concentration of high-tech workers, according to TechAmerica’s Cyberstates 2013.

With concerns nationwide over the effects of sequestration, Forbes.com noted how well Virginia’s economy has performed. “Virginia’s $446 billion economy held up better than most states during the Great Recession thanks in part to spending by the federal government. But Virginia does have a widely diverse economy with strongholds in bioscience, logistics, manufacturing and technology. There are 31 companies (public and private) with more $3 billion in sales headquartered in Virginia.”

Virginia continues to garner top accolades due to the Commonwealth’s pro-business environment, competitive operating costs, world-class labor pool, premier logistics network and strong quality of life. To learn why companies have found success in the Commonwealth for more than 400 years, click here.

Denbigh High School’s Aviation Academy Recognized as PRIME School for Manufacturing Education

Tuesday, 24 September 2013 16:10 by Info@YesVirginia.org
Denbigh High School’s Aviation Academy in Newport News, Va., was added to the 2013-2014 list of Partnership Response in Manufacturing Education (PRIME) programs for the upcoming school year. Only 11 schools across the country were added this year...

Denbigh High School’s Aviation Academy in Newport News, Va., was added to the 2013-2014 list of Partnership Response in Manufacturing Education (PRIME) programs for the upcoming school year. Only 11 schools across the country were added this year.

PRIME is a program developed by the SME Education Foundation to prepare students for manufacturing careers by advancing education in STEM (Science, Technology, Engineering and Math) subjects. It employs a community-based, real-world approach to education, forging partnerships between schools, higher education institutions, companies and the community.

To become part of the PRIME program, a school must have an exemplary manufacturing curriculum that has been in place for at least three years. The program must include both academic and hands-on fabrication instruction; access to local colleges with the opportunity to participate in postsecondary programs; and access to local manufacturing companies for company tours, job shadowing and mentoring opportunities.

PRIME is part of SME’s initiative to support the reshoring of manufacturing jobs to the U.S. and ensure we have a strong pipeline of skilled manufacturing workers to support future industry needs.

Denbigh High School’s Aviation Academy offers a four-year magnet program that prepares students for careers in engineering, aviation and electronics. Students take a number of classes at the Newport News/Williamsburg International Airport, including an FAA Pilot Ground School course. The academy provides students with cutting-edge electronics and technology equipment, and students are encouraged to pursue college dual enrollment opportunities. 

Denbigh High School’s Aviation Academy is another example of Virginia’s exemplary secondary education system, preparing graduates to enter the manufacturing workforce or pursue more advanced degrees at the Commonwealth’s leading higher education institutions. To learn more, click here.

Orbital Sciences Completes Launch from Virginia to the International Space Station

Thursday, 19 September 2013 14:00 by Info@YesVirginia.org
At 10:58 a.m. yesterday morning, Orbital Sciences successfully completed the second launch of its Antares rocket and Cygnus spacecraft from Pad-OA of the Mid-Atlantic Regional Spaceport (MARS) at NASA’s Wallops Flight Facility on the Eastern Shore of Virginia...

At 10:58 a.m. yesterday morning, Orbital Sciences successfully completed the second launch of its Antares rocket and Cygnus spacecraft from Pad-OA of the Mid-Atlantic Regional Spaceport (MARS) at NASA’s Wallops Flight Facility on the Eastern Shore of Virginia.

This mission is the first time a spacecraft launched from Virginia will visit the International Space Station.

Antares will deliver the Cygnus spacecraft along with 1,300 pounds of food, clothing and other cargo to the Expedition 37 crew on the International Space Station. 

The Cygnus spacecraft is scheduled to arrive at the International Space Station on Sunday, September 22. Prior to its arrival, Cygnus will perform a series of tests and maneuvers to demonstrate its readiness to rendezvous with the space station. On Sunday, the crew of Expedition 37 will operate the station’s 57-foot robotic arm to grapple Cygnus and maneuver it into the docking station.

The purpose of this mission is to demonstrate the capabilities and readiness of Orbital Sciences’ cargo delivery system as part of its Commercial Orbital Transportation Services (COTS) program with NASA. Orbital Sciences successfully completed the inaugural test flight of Antares and Cygnus in April.

Subsequently, Orbital Sciences will carry out eight resupply missions through 2016, delivering approximately 20,000 kilograms of cargo to the International Space Station as part of its $1.9 billion Commercial Resupply Services contract with NASA.

These resupply missions will aid the crews of the International Space Station in carrying out scientific experiments in a microgravity research lab.

Following the historic LADEE launch just over a week ago, Virginia’s leadership in space exploration is evident. Through the MARS facility, Virginia offers one of only four commercial sites approved by the FAA for orbital space launches. YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

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

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

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

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

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

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

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

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

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

World’s Largest Credit Union Expands Virginia Footprint

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Renewable Energy Company Enviva Breaks Ground on Virginia Manufacturing Facility

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

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

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

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

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

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

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

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

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

The Institute for Advanced Learning and Research Hosts Launch of Virginia Polymer Coalition

Thursday, 26 July 2012 09:48 by Info@YesVirginia.org
On August 15, the Virginia Polymer Coalition will commence with its inaugural meeting at The Institute for Advanced Learning and Research (IALR) in Danville, Va.

On August 15, the Virginia Polymer Coalition will commence with its inaugural meeting at The Institute for Advanced Learning and Research (IALR) in Danville, Va.

Southern Virginia has seen a growing cluster of polymer technology and manufacturing companies, and a recently commissioned study from the Southside Business Technology Center confirms the need for better industry collaboration and research.

With rising raw materials costs, polymer manufacturers are looking for ways to manage costs as well as find better methods for product testing, materials analysis and recycling.

Sustainability is also a frequent topic in the industry, augmented by customer requests for biodegradable products. Increased interest in Biopolymers as a possible solution has led to the need for additional research in this field.

The Institute for Advanced Learning and Research is an ideal location for this industry hub, offering an existing polymer lab, onsite scientists, and a strong partnership with Virginia Tech faculty.

“Polymer manufacturers represent an important industry in Southern Virginia with products ranging from packaging, including tubes, tape, film and bags to fibre and tires,” said  IALR Executive Director Liam Leightley. “One way for the Virginia Polymer Coalition to support the cluster is for it to regularly host a network meeting for regional polymer companies to be able to meet, discuss and share their business challenges, R&D needs, best practices and industry solutions.” 

To learn more about The Institute for Advanced Learning and Research and Virginia’s broad selection of world-class research institutions, click on the highlighted links.

A view of The Institute for Advanced Learning and Research in Danville, Va.

International Paper Commences Manufacturing Operations at Franklin Mill

Wednesday, 18 July 2012 13:49 by Info@YesVirginia.org
International Paper recently announced it began manufacturing operations at its Franklin Mill in Isle of Wight County. In May 2011, Governor McDonnell announced the company’s plans to invest $83 million to repurpose a portion of its closed mill and create more than 200 new jobs in the region.

International Paper recently announced it began manufacturing operations at its Franklin Mill in Isle of Wight County. In May 2011, Governor McDonnell announced the company’s plans to invest $83 million to repurpose a portion of its closed mill and create more than 200 new jobs in the region.

After closing the paper mill in 2009, International Paper has upfit a portion of the plant to manufacture fluff pulp, a key component in absorbency products such as diapers and hygiene products. The company expects to produce 840 tons per day of high-quality fluff pulp once it ramps up to full production.

“This is a wonderful turnaround story for Isle of Wight County—to have some recovery of the jobs lost in 2009 and repurpose a facility is great news for the region,” said VEDP Managing Director Brent Sheffler.

The company’s familiarity with the assets of the region—including a strong wood basket supply chain and a skilled and dedicated advanced manufacturing workforce—helped Virginia win this project.

Logistics infrastructure was also a critical deciding factor, as the company expects to export a substantial amount of its product. Access to existing rail service and close proximity to the international Port of Virginia made the Franklin Mill the clear choice.

As the third largest global supplier of fluff pulp, this investment allows the company to expand its footprint in this growing market and continue its strong legacy in Virginia’s pro-business environment. 

With more than 6,000 manufacturing companies located in the Commonwealth, click here to learn why leading companies like International Paper continue to invest in Virginia.

Big R Bridge Announces First Virginia Location in Washington County

Friday, 13 July 2012 14:36 by Info@YesVirginia.org
On Tuesday, Lieutenant Governor Bill Bolling attended an event to announce that Big R Bridge, a national leader in developing engineered solutions in steel bridges, corrugated metal structures, retaining wall systems and corrugated pipe, will establish its first Virginia location in Washington County.

On Tuesday, Lieutenant Governor Bill Bolling attended an event to announce that Big R Bridge, a national leader in developing engineered solutions for steel bridges, corrugated metal structures, retaining wall systems and corrugated pipe, will establish its first Virginia location in Washington County.

The $1.9 million investment will be used to convert the former Lynchburg Steel Facility into a manufacturing operation for the company’s prefabricated bridge parts, bringing 32 new jobs to Southwest Virginia.

Big R Bridge has been supplying prefabricated bridges and custom engineered products for more than 40 years, handling more than 10,000 installations to date and creating more than 300 bridges each year.

The new facility in Washington County will allow the company to expand its U.S. footprint and more easily access East Coast markets. Virginia successfully competed against North Carolina for the project.

The Commonwealth was chosen for its strategic location and premier logistics network, offering easy access to Interstates 81 and 77. Virginia was also selected for its exceptional workforce with the advanced manufacturing skills needed to produce the company’s highly engineered solutions.

With names like DuPont, Honeywell, Owens & Minor, Merck and Rolls-Royce, Virginia continues to attract top tier manufacturing companies. To learn why more than 6,000 manufacturers call Virginia home, click here.

Virginia Delegate Landes Named BIO State Legislator of the Year

Wednesday, 11 July 2012 13:33 by Info@YesVirginia.org
The Biotechnology Industry Organization (BIO) honored Virginia Delegate R. Steven Landes as its State Legislator of the Year at the recent 2012 BIO International Convention in Boston, Mass.

The Biotechnology Industry Organization (BIO) honored Virginia Delegate R. Steven Landes as its State Legislator of the Year at the recent 2012 BIO International Convention in Boston, Mass.

Delegate Landes was recognized for his efforts in advancing the field of biotech and supporting legislation to make Virginia a top state to attract and retain life sciences businesses.

BIO is the world’s largest biotech organization and the BIO International Convention is the largest global event for the biotech industry with 15,000 attendees at its annual conference.

Delegate Landes was given the award in the Virginia Pavilion, a 1,500-square-foot space organized by VEDP. The Pavilion showcased Virginia’s universities, companies and local economic development groups in the Commonwealth’s major life science clusters: Northern Virginia, Hampton Roads, Charlottesville, Greater Richmond, and the I-81 Corridor.

With its central location in the Mid-Atlantic Life Science cluster and strong technology and life sciences workforce, Virginia’s biotech industry is on the rise. Top research institutions such as SRI International and the Howard Hughes Medical Institute, as well as leading companies, including Merck, Fareva, McKesson, Teva Pharmaceuticals, and Boehringer Ingelheim have all chosen to locate in the Commonwealth.

To learn more about Virginia’s growing life science industry and why the private sector has invested more than $1.9 billion over the last decade, click here.

Virginia Biotechnology Association Interim Executive Director Jeff Gallagher (left) and BIO Vice President, Alliance Development and State Government Relations Fritz Bittenbender (right) present Delegate Landes with the State Legislator of the Year award.

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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.

Archive

© Copyright 2017

YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

UBED—Economic Gardening: William & Mary Incubates Growing Businesses

Thursday, 7 June 2012 10:01 by Info@YesVirginia.org
“William & Mary (W&M) is looking at how to grow what’s already in Virginia, as well as to help bring companies into the Commonwealth,” said Leonard Sledge, William & Mary’s Director of Economic Development...

As promised, VEDP is delving into UBED (University-Based Economic Development) in our institutions of higher learning across the Commonwealth.

“William & Mary (W&M) is looking at how to grow what’s already in Virginia, as well as to help bring companies into the Commonwealth,” said Leonard Sledge, William & Mary’s Director of Economic Development.

To that end, W&M’s Technology and Business Center has partnered with the county to run the James City County Business & Technology Incubator (JCC-BTI). The incubator provides support and advisory services to help accelerate the growth of younger companies. This support includes help setting goals and milestones, general business advice, organizational guidance, networking events, assistance locating financing and other service providers, and the use of a professional business facility.

The incubator also liaises with W&M’s Mason School of Business and Entrepreneurship Center. Business school professors are assigned to each incubator company to help determine strategy. Business school students are also engaged in problem-solving initiatives for incubator companies through project and classroom exercises.

Launched in January 2007, the JCC-BTI has worked with 10 companies, graduating three to date. One such graduate is MODU System, a Malaysian manufacturer of conveyor belt systems. The incubator helped the company enter the U.S. market, advising management on how to position the product and locate resellers in the U.S.

Another success story is Breathe Healthy, a manufacturer of antimicrobial face masks with superior comfort and filtering abilities. JCC-BTI helped the veteran-owned company locate key markets for its product, as well as launch international sales.

According to William Bean, Director of W&M’s Technology Business Center, “We’re looking for companies that are passionate and serious about the growth of their business. Our incubator clients span a variety of industries, but the one thing they have in common is a genuine excitement to use the services of our incubator for accelerating growth.”

To learn more about W&M’s Office of Economic Development or the James City County Business & Technology Incubator, click on the highlighted links.

Mail America Expands in Bedford County, Virginia

Monday, 4 June 2012 13:31 by Info@YesVirginia.org

On Tuesday, advertising company Mail America announced plans to expand operations in Bedford County through a $5 million investment. The company will maintain its current facility while adding another 42,000 square feet through a nearby location.

This expansion will create 75 new jobs over the next three years as the company seeks to hire print and mail insertion operators, maintenance staff and administrative personnel to help meet growing customer demand.

Producing nearly 400 million U.S. mail pieces each year, Mail America has operated in Bedford County since 1989 and currently employs 325 Virginians. The company’s positive experience with the region’s skilled and motivated workforce was a major deciding factor for this project.

Virginia’s competitive operative costs and pro-business environment also influenced the company’s decision to expand in the Commonwealth. According to Virginia Delegate Kathy Byron, “Our region continues to demonstrate that it is an ideal place for businesses to grow and to locate. The attributes we have here—reasonable taxes and regulations, a skilled and talented workforce, and welcoming state and local governments that are ready to work as partners—are instrumental to the success of firms like Mail America.”

This is the second expansion Bedford County has seen this year. Forestry Equipment of Virginia announced plans to expand its truck assembly business earlier in March. Both companies received assistance from the Virginia Tobacco Indemnification and Community Revitalization Commission for their expansions.

To learn why companies continue to find success in the Commonwealth and why Virginia is ranked America’s Top State for Business, click here.

UBED — Virginia Tech Leverages Alumni Network to Develop Cyber Security Solutions

Thursday, 31 May 2012 10:51 by Info@YesVirginia.org
Virginia Tech has developed a number of University-Based Economic Development (UBED) programs as part of its long-term strategy to help connect faculty and students with companies and communities...

Virginia Tech has developed a number of University-Based Economic Development (UBED) programs as part of its long-term strategy to help connect faculty and students with companies and communities. 

According to John Provo, Office of Economic Development Director, “The global network starts as soon as you walk out the door. We facilitate the sharing of Virginia Tech’s intellectual capital with the private sector to develop problem-solving solutions.”

One such group is VT-IDEA (Virginia Tech Intelligence and Defense Executive Alumni). Founded in January 2009, VT-IDEA is made up of alumni working in senior government and industry positions in the national security sector. The group’s mission is two-fold:  it serves as both a resource for national security professionals to better connect, and it helps Virginia Tech get even more plugged in to the national security space.

Through its efforts to build a faster pipeline from the research in Blacksburg to the cyber security needs in D.C., VT-IDEA has recently helped introduce two new ideas to industry insiders. The first is a data safeguarding device that can wipe tablets and cell phones clean, removing confidential information once the individual has left a secured area. The second technology foils radio signal eaves-droppers. The technology senses the intrusion and reconfigures the network to make it secure.

VT-IDEA not only helps spot and commercialize winning solutions; it also puts early stage entrepreneurs in touch with financing and venture capital sources. The group will be doing just that at its upcoming meeting “VT-IDEA Presents Innovation and Entrepreneurship at VTECH” on June 21 at the VT Research Center - Arlington.

To learn more about how the VT-IDEA group and Virginia Tech’s Office of Economic Development are building partnerships with the business community, click on the highlighted links.

German Manufacturer McAirlaid’s Expands in Virginia

Wednesday, 30 May 2012 13:19 by Info@YesVirginia.org
German manufacturer McAirlaid’s recently celebrated the addition of a 75,000-square-foot expansion to its existing U.S. headquarters in Rocky Mount, VA. Adding to the company’s 70,000-square-foot facility at Franklin County Commerce Center, the expansion will increase the company’s global capacity by 30 percent while creating 40 new jobs in the region...

German manufacturer McAirlaid’s recently celebrated the addition of a 75,000-square-foot expansion to its existing U.S. headquarters in Rocky Mount, Va. Adding to the company’s 70,000-square-foot facility at Franklin County Commerce Center, the expansion will increase the company’s global capacity by 30 percent while creating 40 new jobs in the region.

The expansion provides McAirlaid’s with the additional space to serve its customers in the hygiene, medical, food packaging, filtration and home décor spaces through its non-woven absorbency materials. It also allows the company to reduce imports of raw materials and rely more heavily on U.S. vendors, primarily on the East Coast.

McAirlaid’s first announced it would establish its U.S. headquarters in Virginia through an $85 million investment in 2006. In the words of CEO Alexander Maksimow, “Franklin County’s commitment to education through the public school system and job training programs, coupled with an existing workforce of highly motivated people with a strong work ethic, were key factors in McAirlaid’s site selection.”

Since opening its U.S. headquarters in Franklin County in March 2008, the company has received a warm welcome while experiencing the benefits of Virginia’s skilled workforce, education system and premier East Coast location. This additional investment allows McAirlaid’s to build on its success to date, illustrating the company’s commitment to grow in Franklin County.

To learn why companies continue to locate in Virginia due to the Commonwealth’s skilled workforce and excellent education system, click here.

Company and local officials joined Mary Rae Carter, Deputy Secretary of Commerce and Trade for Rural Economic Development, at McAirlaid’s ribbon-cutting ceremony.

UBED — Old Dominion University Develops A Knowledge Community

Thursday, 24 May 2012 10:08 by Info@YesVirginia.org
Universities play an essential role in developing the human capital so important to economic development, leading to the current term UBED (University-Based Economic Development). Over the coming weeks, VEDP will feature a series of blogs focusing on what universities are doing across the Commonwealth to play a more active role in reaching out to the business community...

Universities play an essential role in developing the human capital so important to economic development, leading to the current term UBED (University-Based Economic Development). Over the coming weeks, VEDP will feature a series of blogs focusing on what universities are doing across the Commonwealth to play a more active role in reaching out to the business community.

According to Tom Osha, President and CEO of Old Dominion University’s (ODU) Innovation Research Park (IRP), ODU is transitioning to a more active role in economic development by developing a 24/7 live-work-play community. IRP is capitalizing on the move away from traditional research parks to an updated model — the “knowledge community.” 

This new community caters to the next generation of researchers who desire a higher level of engagement in the neighborhood where they work. No longer satisfied with commuting home to the suburbs, this generation is looking to live, work and play all in the same location. 

IRP provides just that through its location within ODU’s University Village. Impressive on its own, IRP currently has 350 employees working in two 100,000-square-foot buildings, with plenty of room for expansion. Add to that University Village’s 10 restaurants, retail stores, hotel, theater, art gallery and the Ted Constant arena, and one can see the attractiveness of such a hub.

The economic development impact occurs when companies are drawn to communities like this, bringing with them investment and new jobs to the area. One such company is ipConfigure, which chose to locate at IRP over a location in Texas due to ODU’s multidimensional offerings.

ODU’s Computational Intelligence and Machine Vision Lab was a significant consideration for the company, as their video surveillance technology utilizes just the sort of facial recognition algorithms developed at the lab. Easy access to a qualified employee base and close proximity to amenities also clinched the deal.

"ipConfigure hires ODU graduates and interns, utilizes the ODU Business Gateway, eats in the ODU Village, puts guests up at the hotel, buys tickets to ODU football and other sporting events, and attracts its customers to come to IRP to see the research happening at the Vision Lab and elsewhere around ODU," Osha stated.

The university also put ipConfigure in touch with the Virginia Port Authority, the first customer of the company’s new Wide Area Surveillance products.

ODU is a shining example of a Virginia university that is seeking to bring the benefits of its research outside the classroom by catering to the needs of businesses. To learn more about ODU’s interaction with the business community, click here.

Blacksburg, Va. Ranked Top 5 on Forbes.com Best Small Cities for Jobs List

Tuesday, 22 May 2012 13:12 by Info@YesVirginia.org
The Blacksburg-Christiansburg-Radford area was ranked Top 5 on the recently published Forbes.com Best Small Cities for Jobs list. Looking at 242 MSAs, Forbes.com calculated the ranking using employment numbers from the Bureau of Labor Statistics for the period November 2000 through January 2012...

The Blacksburg-Christiansburg-Radford area was ranked Top 5 on the recently published Forbes.com Best Small Cities for Jobs list. Looking at 242 MSAs, Forbes.com calculated the ranking using employment numbers from the Bureau of Labor Statistics for the period November 2000 through January 2012.

This ranking continues the positive recognition the region has received including a No. 4 rating on Site Selection magazine’s Governors Cup for metro areas with a population of less than 200,000. Blacksburg, Va. was also named the No. 1 Best Place in the U.S. to Raise Kids by Bloomberg Businessweek.

The Blacksburg-Christiansburg-Radford MSA continues to receive accolades for a number of reasons. Home to top-ranked Virginia Tech, the area’s workforce is highly educated, with two-thirds of residents above the age of 25 holding a bachelor’s degree or higher and 40 percent holding a graduate or professional degree.

The research capabilities of Virginia Tech combined with a highly-educated workforce have proven to be a winning combination, attracting companies and research parks to the area. The Virginia Tech Corporate Research Center, located adjacent to Virginia Tech’s main campus, is home to 140 high-tech companies which employ more than 2,200 Virginians.

The Blacksburg-Christiansburg-Radford MSA is able to retain its highly-skilled workforce due to the strong quality of life the region offers. The family-friendly community provides residents with numerous recreational activities due to its convenient access to the Appalachian Trail, Washington-Jefferson National Forest, Smith Mountain Lake and New River.

To learn more about the Commonwealth’s plentiful resources — including a world-class workforce, top-ranked education system and strong quality of life — that make Virginia America’s Top State for Business, click here.

Virginia State University’s Business School Wins Three Awards

Monday, 21 May 2012 09:44 by Info@YesVirginia.org
Congratulations to Virginia State University’s (VSU) Reginald F. Lewis School of Business for winning three awards over the last few months...

Congratulations to Virginia State University’s (VSU) Reginald F. Lewis School of Business for winning three awards over the last few months.

Last week, VSU’s business school was awarded the RichTech Technology Innovation Deployment Award for its creative use of technology to enhance a process. RichTech honors organizations that help advance Virginia’s technology-based economy.

This win was a nice follow-up to the “Best Business Program in the Country” award received earlier this month from The Center for Historically Black Colleges and Universities (HBCU). The Center for HBCU ranked VSU’s business school No. 1 for its commitment to innovation. 

Last September, VSU’s business school received the Governor’s Technology Award in the category of Innovation in Higher Education. The award was presented at the Commonwealth of Virginia Innovative Technology Symposium in recognition of the most creative initiatives in the public sector. 

All three awards recognized the business school’s “Digital at the Core” initiative. As the first school in the country to delivery its core curriculum primarily via digital format, the school launched its pilot program in the fall of 2010. Digital textbooks, MP3 audio chapters, MP3 study guides, quizzes and flashcards were all available via download for a cost-friendly licensing fee of $19.95.

Founded in 1882, VSU is an example of Virginia’s premier higher education system that partners with industries to prepare students with the technological training and skills they will utilize upon entering the workforce.

To learn more about Virginia’s highly skilled workforce as well as customized training and recruitment programs, click here.

Digital Realty Adds to Loudoun County’s Data Center Alley

Friday, 18 May 2012 09:06 by Info@YesVirginia.org
Congratulations to Loudoun County for winning another expansion from data center provider, Digital Realty. The company officially broke ground on its fourth building in what’s known as “Data Center Alley” in Loudoun County, Va...

Congratulations to Loudoun County for winning another expansion from data center provider, Digital Realty. The company officially broke ground on its fourth building in what’s known as “Data Center Alley” in Loudoun County, Va.

The two-story, 214,000-square-foot building will house 10 data centers and bring an $80 million investment along with 180 temporary positions and 12 full-time jobs to the area. With more than 50 percent of the world’s internet traffic flowing through Loudoun County each day, the region certainly has become a hub for leading data center operations. Add to that an energy rate 28 percent below the national average and 10 million square feet of data center capacity, and one can easily see why data centers are flocking to Virginia.

Data processing was actually the dominant sector across the Commonwealth in 2011, accounting for more than $960 million in capital investment and almost half of the nonmanufacturing investment. Virginia is poised to continue its growth in the sector as it has both the highest concentration of high-tech workers in the nation and the advanced telecom infrastructure across the Commonwealth to support the industry.

Virginia data centers claimed three of the top 10 spots in Southern Business & Development’s 2011 Ten Best Data Center Sites in the South list. In addition, Bristol, Va., was touted in the study Broadband at the Speed of Light as one of the first municipalities in the nation to build a citywide Fiber-To-The-Home network.

To learn why leading companies have invested more than $4.4 billion in Virginia data centers over the last ten years, click here.

State, local and company officials celebrated the opening of Digital Realty’s newest building at the groundbreaking ceremony in Loudoun County.

ICF International Opens Business Process Management Center in Henry County, Va.

Monday, 14 May 2012 16:58 by Info@YesVirginia.org

Governor McDonnell and Lieutenant Governor Bolling attended the ribbon-cutting ceremony in Henry County, Va., to celebrate the opening of ICF International’s Business Process Management operations center. The opening of the facility comes just over a year after the Governor announced the project would bring 539 new jobs and a $15 million investment to Southern Virginia.

As a global professional and technology services firm, locating near a skilled workforce is critical. Following the company’s $20 million expansion of its Fairfax County headquarters in 2010, this project is further validation of the strength of Virginia’s workforce across the state. 

This victory also illustrates the breadth of Virginia’s technology infrastructure, another key deciding factor that helped the Commonwealth compete against Georgia, Maryland, Tennessee and West Virginia. Companies in Southern Virginia can take advantage of Mid-Atlantic Broadband Cooperative’s 800 mile open-access, fiber optic broadband network.

In the words of ICF International Chairman and CEO Sudhakar Kesavan, “ICF is proud to expand its operations in Virginia and to call the Commonwealth its home. As a professional services firm, ICF International maintains its global headquarters here, which offers the best combination of a robust economy, a pro-business climate, a high-quality workforce, and an outstanding quality of life for ICF employees. We are pleased to open this new operations center in Henry County and to build our workforce from local residents.”

With the highest concentration of technology workers in the country, Virginia continues to attract world-class companies and gain recognition as the Top State for Business. To learn more, click here.

Governor McDonnell addresses the crowd at ICF International’s ribbon-cutting ceremony in Martinsville, Va.

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Virginia Wins Site Selection Magazine’s 2011 Competitiveness Award

Monday, 7 May 2012 09:49 by Info@YesVirginia.org
Site Selection Magazine named Virginia the winner of its annual Competitiveness Award, which recognizes excellence on the part of a state-level economic development group...

Site Selection magazine named Virginia the winner of its annual Competitiveness Award, which recognizes excellence on the part of a state-level economic development group. The Virginia Economic Development Partnership (VEDP) accepted the award at the Industrial Asset Management Council’s Spring Professional Forum held in Austin, Texas.

The Competitiveness Award was based on a 10-factor index using Conway Data Inc.’s New Plant database. The number of new and expanded facilities, capital invested in new and expanded facilities, total jobs created, the individual state tax climate and state unemployment rate were a few of the factors used in selecting the Commonwealth as the winner.

Virginia’s low-tax business climate, right to work status and competitive operating costs were just some of the benefits touted by Site Selection. Add to that a world-class transportation infrastructure, robust telecommunications network, and a tech-savvy workforce, and it’s easy to see why Virginia is the clear winner.

This award continues the positive recognition the Commonwealth has seen in 2012. Virginia has already been recognized with a Top 3 Economic Outlook Ranking from the American Legislative Exchange Council’s Rich States, Poor States study, a Top 5 ranking in Site Selection’s Governor’s Cup, a Top 3 ranking on Gallup’s Job Creation Index, and a Top 10 ranking on Chief Executive’s Best States for Business.

To learn why Virginia continues to garner attention as a top state for business, click here.

Mark Arend, Site Selection Editor in Chief, presents VEDP representative Brent Sheffler with the Competitiveness Award.

Balchem Corp. Opens First Operation in Virginia

Wednesday, 2 May 2012 12:53 by Info@YesVirginia.org
Alleghany County won a new manufacturing operation when Balchem Corporation decided to locate its first operation in the Commonwealth there. The project will bring an initial investment of approximately $10 million and 55 new jobs to the region over the next 2-3 years...

Alleghany County won a new manufacturing operation when Balchem Corporation decided to locate its first operation in the Commonwealth there. The project will bring an initial investment of approximately $10 million and 55 new jobs to the region over the next 2-3 years.

As a leading producer of encapsulated ingredients for the animal nutrition and health market, Balchem’s growing portfolio of products has gained strong market acceptance at a global level. The manufacturing facility in Covington, Va., will allow Balchem to build on this success by more than doubling its output capacity for this market.

Virginia’s strong manufacturing workforce, rich raw material supply and competitive overall cost structure weren't the only reasons the Commonwealth was selected for this project. Alleghany County’s strategic location was also a critical factor in the selection process. Direct access to Interstates 64 and 81 will provide the company with convenient access to customers in the Northeast and Midwest markets, and close proximity to Virginia’s world-class port system will allow Balchem to easily serve its international customers.

A 45-year-old, publicly-traded company, Balchem was ranked #29 on Forbes.com’s 2011 America’s Best Small Companies list. To learn more about Virginia’s extensive manufacturing capabilities and why the Commonwealth continues to attract top companies like Balchem, click here.

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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.

Virginia Economic Developers Recognized in National Ranking

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

YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Virginia to Offer Foreign Direct Investment Expertise

Friday, 24 March 2017 09:51 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,

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.

 

Save

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