Tessy Plastics - Second Injection Molding Company to Expand in Virginia in 45 Days

Tuesday, 7 February 2012 09:50 by Info@YesVirginia.org
Virginia is a great place for plastics companies. With Rubbermaid Commercial Products announcing an expansion in December, Tessy Plastic’s January announcement is a strong indicator that injection molding companies are on the rise in the Commonwealth...

Virginia is a great place for plastics companies. With Rubbermaid Commercial Products announcing an expansion in December, Tessy Plastic’s January announcement is a strong indicator that injection molding companies are on the rise in the Commonwealth.

Operating in Lynchburg, Va., since 1997, Tessy Plastics plans to invest $4.8 million to expand its current 60,000-square-foot facility by nearly 30,000 square feet. The new space will be used for additional high-technology injection molding, robotics and assembly equipment, primarily serving the company’s growing medical sector. The project will create 60 new jobs, adding to the company’s 143-person Virginia workforce.

Tessy Plastics selected Lynchburg, Va., due to its proximity to the company’s customer base and confidence in the local workforce. “We at Tessy Plastics have an excellent, hardworking and honest workforce. With our great employees and the partnership with the city of Lynchburg and the state of Virginia, I look forward to investing in our future to make us a stronger, more efficient company which will help us stay competitive in a global market,” said Tessy Plastics President Ken Beck.

Virginia is able to attract leading plastics companies due to its strategic East Coast location, world-class transportation system, competitive operating costs and its highly skilled workforce, referenced above.  Virginia’s higher education system offers a number of training programs to meet the needs of the plastics industry. Those programs include the High Performance Manufacturing Technician certification offered through the Virginia Community College System, the Certificate in Polymer Manufacturing Processes at Danville Community College, the Advanced Manufacturing and Packaging Technology curriculum at Dabney S. Lancaster Community College, and the Center for High Performance Manufacturing and YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

Virginia Receives Top Ranking on Forbes.com’s 2012 Best States For Business

Thursday, 13 December 2012 16:34 by Info@YesVirginia.org
Once again, Virginia received a podium ranking from Forbes.com in its annual Best States for Business ranking. Coming in at No. 2, Virginia is the top state on the East Coast and has held first or second overall since the ranking began in 2006...

Once again, Virginia received a podium ranking from Forbes.com in its annual Best States for Business ranking. Coming in at No. 2, Virginia is the top state on the East Coast and has held first or second overall since the ranking began in 2006.

The ranking is based on six categories: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.

The Commonwealth was ranked No. 1 in the category of regulatory environment. According to Forbes.com, “The state ranks on top of the regulatory category because of its strong incentive offerings and business friendly government policies." With right-to-work laws, an unemployment tax burden 32 percent lower than the national average, and a six percent corporate tax rate unchanged since 1972, companies have improved their bottom lines just by locating in Virginia.

In the important category of labor supply, Virginia came in at No. 2 and was the top state on the East Coast. With 4.1 million motivated and highly skilled workers and more than 500,000 students enrolled in Virginia’s top-ranked colleges and universities, the Commonwealth has a strong pipeline ready to fill present and future industry needs.

Virginia was ranked No. 4 in the quality of life category, a metric that is gaining increasing importance for companies making relocation decisions. Virginia has one of the nation’s highest concentrations of historic resources and is blessed with beautiful mountains, rivers and beaches, as well as 35 state parks, 22 national parks and more than 500 trails, providing an abundance of recreational opportunities for residents.

This top ranking from Forbes.com adds to the distinguished list of honors Virginia has received this year, including winning the 2011 Competitiveness Award from Site Selection magazine, a No. 2 ranking on Pollina Corporate Real Estate’s Top Pro-Business States for 2012, and No. 3 rankings on Business Facilities’ 2012 State Rankings Report and CNBC’s America’s Top States for Business list, to name a few. 

To learn why Virginia continues to receive top recognition from the industry as the premier state for business, click here.

Leading Global Satellite Services Provider Intelsat Moves Headquarters to Virginia

Tuesday, 11 December 2012 12:30 by Info@YesVirginia.org
At an event overlooking the site for the company’s new headquarters building in Tysons Corner, Va., Governor McDonnell announced Intelsat will move its U.S. headquarters from Washington, D.C., to Fairfax County in 2014. The project will bring at least 430 jobs and an investment of more than $24 million in leasehold improvements to Northern Virginia...

At an event overlooking the site for the company’s new headquarters building in Tysons Corner, Va., Governor McDonnell announced Intelsat will move its U.S. headquarters from Washington, D.C., to Fairfax County in 2014. The project will bring at least 430 jobs and an investment of more than $24 million in leasehold improvements to Northern Virginia.

With plans to lease 188,000 square feet, Intelsat will be the anchor tenant at Tysons Tower, a new, 20-story office building being developed by Macerich as part of a three tower, mixed-use project at Tysons Corner Center. 

The state-of-the-art tower will be the tallest building in Tysons Corner, offering Intelsat employees panoramic views of Northern Virginia, a modern workspace, prime access to the amenities of Tysons Corner, and direct connection to the Capital Beltway and planned extension of the Metro Silver Line.

In addition, close proximity to Washington Dulles International Airport gives the Luxembourg-based company access to 80 percent of the world’s economies.

As the world’s leading provider of satellite services, Intelsat has delivered information to leading media companies, multinational corporations, Internet Service Providers and government agencies for more than 45 years. 

Intelsat’s new headquarters location in Fairfax County is not only aligned with its growing customer base, but it also offers access to a strong pipeline of highly-skilled workers. According to Cyberstates 2011, Virginia has the highest concentration of high-tech workers.

To learn why global leaders continue to select Virginia as an environment that reflects their innovative culture, click here.

Latin American Subsidiary Phoenix Packaging Continues Growth in Pulaski County

Wednesday, 5 December 2012 16:13 by Info@YesVirginia.org
Phoenix Packaging recently announced plans to invest $20 million and create 100 new jobs to expand its Virginia operation in Pulaski County. This represents the second expansion in less than two years, bringing the company’s total announcements to $58 million in capital investment and more than 400 new jobs...

Phoenix Packaging recently announced plans to invest $20 million and create 100 new jobs to expand its Virginia operation in Pulaski County. This represents the second expansion in less than two years, bringing the company’s total announcements to $58 million in capital investment and more than 400 new jobs.

Part of Virginia’s New River Valley region, Pulaski County also serves as the company’s North American Headquarters. Phoenix Packing is a subsidiary of Grupo Phoenix, a leading Latin American manufacturer of packaging products targeting the food and disposable consumer product industries.

Seeking closer proximity to its U.S. customers, the company first selected Virginia in 2010 from more than 40 other possible sites. Virginia competed against Arizona for this latest expansion project and has successfully competed against Georgia, Kentucky, North Carolina, Tennessee, West Virginia, California and Nevada over the last three years. 

After investigating options overseas, Phoenix Packaging’s decision to remain and grow its Virginia operation illustrates just how well the Commonwealth competes on a global level.

Virginia’s strategic location, premier transportation infrastructure, skilled workforce, world-class higher education institutions, and competitive operating costs were all leading factors in the company’s multiple decisions for Virginia.

In addition, Virginia’s growing food and beverage industry, a primary market for Phoenix Packaging, proved to be an attractive asset. With names like Kraft Foods, Nestle and Hershey, Virginia boasts more than 550 food and beverage manufacturing companies that have invested $1.9 billion in the Commonwealth over the last decade. In fact, Green Mountain Coffee Roasters, one of Phoenix Packaging’s customers, announced last year it would invest $180 million to establish a production and distribution facility in Isle of Wight County, Va.

To learn why Virginia manufacturers continue to find success in the Commonwealth, investing more than $13.8 billion over the last decade, click here.

Rolls-Royce Announces Second Facility on Virginia Crosspointe Campus

Tuesday, 4 December 2012 09:34 by Info@YesVirginia.org
Rolls-Royce recently announced it will begin construction on a second advanced manufacturing facility at its Crosspointe campus in Prince George County, Va., which is expected to bring a $136 million investment and 140 new jobs to the Central Virginia region...

Rolls-Royce recently announced it will begin construction on a second advanced manufacturing facility at its Crosspointe campus in Prince George County, Va., which is expected to bring a $136 million investment and 140 new jobs to the Central Virginia region.

The 90,000-square-foot Advanced Airfoil Machining Facility will be located on Rolls-Royce’s 1,000-acre campus, adjacent to its Rotatives manufacturing facility. Construction is expected to be completed by the end of 2013.

The Advanced Airfoil Machining Facility will produce turbine blades and nozzle guide vanes for advanced aero engines used in the Boeing 787 Dreamliner, Airbus 380 and Airbus 350. Using Rolls-Royce’s advanced machining technology and proprietary high-speed cutting process, the company has the ability to precisely shape specialized materials and efficiently produce durable engine components.

Driven by growth for its aero engines, the company continues to expand its Crosspointe facility, making it the largest and most advanced Rolls-Royce campus in North America. Rolls-Royce’s vision for the Crosspointe campus is to create a hub of advanced manufacturing innovation, with partnerships between leading research universities, government and businesses. 

To date, the Crosspointe campus includes the company’s Rotatives facility, which opened in May 2011 as a center of excellence to manufacture the company’s engine discs. Also at Crosspointe, CCAM opened this fall as an applied research center, joining leading Virginia universities and manufacturing companies to bring real-world solutions to market more quickly.

With ample space and a robust, industrial-grade infrastructure for additional facilities, Rolls-Royce’s Crosspointe Campus is poised to attract suppliers and continue its grle" addthis:title="Virginia – A Leader in High-Tech" addthis:url="http://www.yesvirginia.org/BlogSpot/post/Virginia-A-Leader-in-High-Tech.aspx" addthis:description="Virginia adds to its dominance in the high-tech sector by winning the new headquarters location for Acentia, a premier provider of technology and management solutions for both federal and commercial customers, which has moved from Maryland to its new home in Fairfax County. The project includes a $3.1 million investment and the creation of 60 new jobs for the Commonwealth.">

Enviva Launches First Shipment from Virginia’s Port of Chesapeake

Monday, 9 January 2012 15:16 by Info@YesVirginia.org
On New Year’s Eve, Enviva LP opened its deep water terminal at Virginia’s Port of Chesapeake. The first shipment, consisting of 28,000 metric tons of wood pellets, is destined for Europe aboard the MV Daishin Maru.

On New Year’s Eve, Enviva LP opened its deep water terminal at Virginia’s Port of Chesapeake. The first shipment, consisting of 28,000 metric tons of wood pellets, is destined for Europe aboard the MV Daishin Maru

Enviva acquired the deep water terminal last January to handle up to three million tons of biomass export to international customers. The company constructed a 157-foot-tall silo at the site, able to store 45,000 metric tons of wood pellets at a time and withstand extreme weather conditions due to its technologically advanced design.

Enviva selected the Port of Chesapeake due to its deep water capacity and ability to handle a variety of vessels, as well as its access to international markets and proximity to biomass sources and other company operations. The company already has a facility in the region, and announced its plans to build a 454,000 metric ton wood pellet manufacturing facility in Southampton County, Va., this past November. The $75 million investment will create 64 new full-time jobs, plus the additional jobs created through the company’s logging supply chain.

With demand for renewable sources of energy expected to increase, Enviva, a leader in biomass fuel manufacturing, is well-positioned for growth. The company expects its facility at the Port of Chesapeake to be a “flagship operation,” as it is ideally situated close to the biomass supply chain with the capabilities to reach global customers. 

To learn more about why Virginia is laying claim to the title, “Energy Capital of the East Coast,” click here.

Amazon.Com Brings 1,350 New Jobs to Virginia

Thursday, 22 December 2011 15:56 by Info@YesVirginia.org
Just in time for the holidays, Amazon.com announced it will invest $135 million to establish two fulfillments centers – one in Chesterfield County and one in Dinwiddie County. 1,350 new jobs will be created from the combined project, which is the largest job announcement Virginia has seen since 2004.

Just in time for the holidays, Amazon.com announced it will invest $135 million to establish two fulfillments centers – one in Chesterfield County and one in Dinwiddie County. 1,350 new jobs will be created from the combined project, which is the largest job announcement Virginia has seen since 2004.

This joint win comes as a result of both counties working over many years to ensure their business parks would attract world class companies like Amazon. The Meadowville Technology Park in Chesterfield and Dinwiddie Commerce Park in Dinwiddie are shovel-ready sites offering sufficient water, gas, and electricity capacity for large business customers, as well as convenient access to I-95, I-85 and the nearby UPS hub.

Due to their central East Coast location, these two fulfillment centers will expand Amazon’s distribution ring across the U.S. and allow the company to easily service customers within one to two business days. Virginia already has a strong reputation for its logistics capabilities reaching both global and domestic markets. The Port of Virginia, with its deep harbor and Suez-class cranes, offers companies the only East Coast location able to hand post-Panamax vessels as first port of call. With two Class I railroads, an Inland Port, and a world-class interstate system, companies located in Virginia can transport goods to customers quickly and cheaply.

Virginia is a popular place for logistics companies with two recent announcement including Ace Hardware and Backcountry.com. To learn more about Virginia’s logistics capabilities and why more than 364 global logistics projects have been announced in the past ten years click here.

German Manufacturer Shifts into High Gear Bringing 80 New Jobs to Virginia Beach

Tuesday, 20 December 2011 15:33 by Info@YesVirginia.org
On Friday, IMS:GEAR Virginia announced plans to expand its manufacturing operations in Virginia Beach, Va. The company has successfully operated in Virginia Beach since 2000, growing to become one of the leading suppliers of car seat gear assemblies to the North American automotive market.

On Friday, IMS:GEAR Virginia announced plans to expand its manufacturing operations in Virginia Beach, Va. The company has successfully operated in Virginia Beach since 2000, growing to become one of the leading suppliers of car seat gear assemblies to the North American automotive market. In order to meet the increasing demand from its Tier 1 customer base, the company is investing $35.5 million in a new facility and additional machinery that will significantly increase its production capacity.  

With global headquarters in Germany, the company certainly had a wide choice of locations. Virginia was able to compete against Georgia and keep the company in the Commonwealth due to Virginia’s favorable business environment and the quality of its workforce. Virginia’s automotive industry employs close to 15,000 people who are well-prepared by the world-class engineering programs offered through Virginia’s higher education system. In addition, the Commonwealth maintains a number of automotive R&D facilities, including the Virginia Tech Transportation Institute, the Virginia Tech Advanced Vehicle Dynamics Lab, The Virginia Tech Center for Automotive Fuel Cell Systems, the National Tire Research Center, the National Crash Analysis Center, the Virginia Institute for Performance Engineering and Research, the University of Virginia Center for Applied Biomechanics, and Old Dominion University’s Full Scale Wind Tunnel at NASA Langley.

Despite concerns about the economy’s impact on the overall industry, automotive manufacturers are still finding a home in Virginia. With 170 automotive companies across the state, Virginia companies cover all aspects of the industry, including vehicle assembly, bodies and trailers, component parts and tires. Virginia’s workforce and pro-business climate continue to attract investment, as more than 100 automotive projects totaling $1.6 billion have created more than 5,540 new jobs over the last ten years. 

Some of the leading automotive companies that have set up operations in the Commonwealth include Federal-Mogul, Continental AG, Dynax America, Goodyear Tire & Rubber, Volvo Trucks North America and Volkswagen of America. To learn more about Virginia’s assets in the automotive industry click here.

Rubbermaid Commercial Products Announces Expansion in Virginia

Monday, 19 December 2011 17:15 by Info@YesVirginia.org

Last Thursday, Rubbermaid Commercial Products (RCP) announced it will create 71 new jobs and invest $67.25 million to expand its manufacturing operations in Winchester and establish a new distribution center in nearby Frederick County. The company has a longstanding relationship with the Commonwealth, as Winchester has also served as the company’s headquarters location since 1968.

The expansion in Winchester will allow the company to increase its production capabilities and improve its energy efficiency by replacing older equipment with state-of-the-art injection molding equipment. In Frederick County, the company is taking over the now-vacant G.E. Lighting facility and will convert this into an updated 454,000-square-foot global logistics center. The availability of a suitable logistics facility close to the company’s headquarters certainly aided the Commonwealth in securing this project.

Known for its leading commercial cleaning and sanitation products, RCP’s growth includes both domestic and global customers, such as Shangri-La Hotels worldwide and the Hong Kong Airport. Virginia’s superior logistics capabilities were a critical advantage in winning this deal. Both locations provide convenient access to I-66 and I-81, and with the Virginia Inland Port only a few miles away, the company can access international markets through the Port of Virginia.   

The Winchester-Frederick County area is quickly becoming a hub for global manufacturing companies. O’Sullivan Films, Federal-Mogul, Kraft Foods, H.P. Hood and Thermo-Fisher Scientific are just a few of the leading manufacturers that have chosen to expand operations in the area. To learn more about Virginia’s manufacturing capabilities and why these companies said yes to Virginia click here.

Transportation Gains Momentum in Virginia

Friday, 9 December 2011 15:29 by Info@YesVirginia.org
VEDP recently hosted a Global Logistics Forum for Virginia economic developers, site selection consultants and logistics providers to discuss supply chain market dynamics. Hitting maximum capacity, this gathering couldn’t have been more timely given the recent activity in transportation infrastructure projects across the Commonwealth.

VEDP recently hosted a Global Logistics Forum for Virginia economic developers, site selection consultants and logistics providers to discuss supply chain market dynamics. Hitting maximum capacity, this gathering couldn’t have been more timely given the recent activity in transportation infrastructure projects across the Commonwealth. 

The Governor’s 2011 transportation proposal was the largest investment road and railways had seen in 25 years. In addition, Virginia’s transportation infrastructure has been strengthened by a flurry of recent public-private partnerships announcing improvements to  Route 58 and the Coalfields Expressway in Southwestern Virginia, the I-95 HOV/Hot lanes project in Northern Virginia, and the Midtown Tunnel and MLK Expressway extension project in the Hampton Road region.

And just why is transportation getting all this attention? It appears word has gotten out that transportation infrastructure and economic development are directly related. This was a key theme of the VEDP Global Logistics Forum, and in the words of Governor McDonnell the two are “inextricably linked”. Bringing companies and jobs to Virginia brings more people to the Commonwealth, and these additional people add more cars to the roads and consume more goods, requiring more freight to be delivered to communities. Nationally, freight is expected to increase 19 percent by the year 2022. Without investment in maintaining and expanding this infrastructure, inefficiencies will result in a competitive disadvantage, certainly felt more acutely in an environment of increasing energy costs.

Virginia is fortunate to a have a truly intermodal system of transportation spanning the water, railways, roads, air and even into space. As each mode is related to the entire system, an increase or decrease in efficiency in one mode affects the entire system. This interdependency acts as a multiplier effect, thus any investment to improve one mode, exponentially improves the efficiency of the entire transit system. 

The Commonwealth’s transportation system is certainly getting the attention and investment it deserves in order to, literally, lay the groundwork for Virginia’s future growth. As Virginia seeks to advance its position as CNBC’s Top State for Business, improvements to transportation infrastructure allow the Commonwealth to compete at the global level and attract businesses, jobs and consumers to Virginia.

To learn more about Virginia’s global logistics assets and why the Commonwealth is a leading gateway to the world click here.

(Pictured below:  VEDP Logistics Business Development Manager, Warren Hammer, presents Virginia’s transportation assets to a group of industry professionals.)

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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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gCompact">Today, VEDP launched the YesVA app for iPad, iPhone and Android devices available for download by visiting www.YesVirginia.org/app or through the App Store and Google Play Store...
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Today, VEDP launched the YesVA app for iPad, iPhone and Android devices available for download by visiting www.YesVirginia.org/app or through the App Store and Google Play Store.

The YesVA app is an interactive tool that allows clients and site selection consultants to perform site and building searches and compare Virginia to other states, directly from a mobile device.

The YesVA app allows users to perform the following actions:
   •  Explore Virginia’s existing inventory of available properties in an easy-to-use map
   •  Navigate properties by type and narrow down options based on user requirements
   •  Save properties for later and share them with contacts
   •  View 1:1 attributes of how Virginia compares to other states in major business categories
   •  View profiles for each of the communities, regions and MSAs in Virginia
   •  View recent industry announcements for each community
   •  Communicate with VEDP regarding any of the properties within the app

By helping companies make the most informed decision on business locations, the YesVA app is yet another example of an innovative tool developed by VEDP to market Virginia as a top state for business.

To download the free YesVa app, visit www.YesVirginia.org/app or go directly to the App Store and Google Play Store.

A view from the main screen of the YesVa app.

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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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