Virginia Wins Area Development’s 2012 Silver Shovel Award

Monday, 9 July 2012 15:16 by Info@YesVirginia.org

Virginia was recently awarded a Silver Shovel in the 5-9 Million population category by Area Development magazine.

As part of the magazine’s seventh annual ranking, the award recognizes states for attracting investment projects that created a high number of new jobs in calendar year 2011. States were recognized for establishing policies that drive job growth, infrastructure improvements, and processes that attract new employers.

The award is based on each state’s top 10 projects that broke ground in 2011, using a number of weighted factors such as number of new jobs created, size of investment, number of new facilities, and the diversity of industries represented.

The ten outstanding projects that made Virginia a winner were: Amazon.com, ICF International, United States Green Energy, Soft Tech Consulting Inc., Katoen Natie, Backcountry.com, International Paper, PPD Inc., Rubbermaid Commercial Products Inc., and Microsoft Corp.

Also a winner of the Silver Shovel in 2009 and 2006, this recognition continues Virginia’s winning streak with awards such as Site Selection magazine’s 2011 Competitiveness Award, MoneyRates.com’s 2012 Best State to Make a Living, Pollina Corporate Real Estate’s 2011 Top Pro-Business State, CNBC’s 2011 Top State for Business, and Business Facilities magazine’s top spot for Economic Growth Potential in 2011.

To learn more about Virginia’s unique combination of assets that has allowed businesses to prosper here for more than 400 years, click here.

New Capital One Data Center Comes to Chesterfield County

Thursday, 5 July 2012 09:22 by Info@YesVirginia.org
Capital One recently announced plans to invest $150 million to establish a new data center in Chesterfield County, bringing 50 new jobs to the area. Virginia successfully competed against Texas for this project.

Capital One recently announced plans to invest $150 million to establish a new data center in Chesterfield County, bringing 50 new jobs to the area. Virginia successfully competed against Texas for this project.

Chesterfield County was selected due to its proximity to Capital One’s existing operations in the Greater Richmond area. The Fortune 500 company has successfully operated in Virginia for more than two decades.

Central Virginia is seeing a growing cluster of data centers due its abundant power, advanced fiber network, and low risk of natural disasters. In addition, the strong partnership between local officials and utility providers allows deals such as this to be put together quickly.

Virginia is fast becoming a popular place for data centers across the Commonwealth. Data processing was the dominant sector for investment in 2011 at $960 million, accounting for almost half of the nonmanufacturing investment.

The Commonwealth not only offers companies low electricity rates below the national average; it maintains a highly qualified workforce to support the sector, with the highest concentration of high-tech workers according to Cyberstates 2011. In addition, the Retail Sales and Use Tax Exemption provides a competitive cost advantage on qualified equipment for data centers.

To learn more about Virginia’s capabilities and why companies have invested more than $4.4 billion in the Commonwealth’s data center industry over the past ten years, click here.

UBED—JMU’s Virginia Center for Wind Energy Educates the Industry

Friday, 29 June 2012 11:12 by Info@YesVirginia.org

Continuing our series on University-Based Economic Development, we will look at how James Madison University’s (JMU) Virginia Center for Wind Energy (VCWE) keeps industry professionals educated on wind power developments in Virginia.

Located in a 4,000-square-foot commercial lab space near JMU’s main campus, the center has been active since 2001. VCWE provides measurements, economic modeling, education, energy policy analysis and GIS reports on wind energy in the Commonwealth.

VCWE recently hosted the 2012 Statewide Wind Energy Symposium, which included panel discussions and workshops ranging from Wind 101 to Regulatory and Permitting Options. The 150 attendees included government officials, wind industry decision-makers, business owners and Virginia residents.

During the symposium VCWE launched its Small Wind Training & Testing Facility, which will be used primarily for workforce training in the small wind industry. Small wind is traditionally defined as turbines below 100 kilowatts (kW) with most residential turbines under 20 kW. Through the center students will have access to three wind turbines, a WeatherBug weather station, a solar array system and additional measurement equipment.

Uncertainty still surrounds the national production tax credit, and locally, many cities do not have wind ordinances in place, making education the critical mandate for VCWE.

“The Small Wind Training and Testing Facility was designed to address a lack of available resources in the region to support the training of a small wind workforce throughout Virginia and beyond. This resource will support teaching of undergraduates at JMU and other educational institutions throughout the Commonwealth, as well as the training of residents and business owners who seek to learn more about how to apply wind energy in Virginia,” said Dr. Jonathan Miles, VCWE Director.

Fortunately Virginia has a compelling wind story with its shallow waters, strong Class 6 winds, high voltage transmission grid, and maritime workforce. To learn more JMU’s Virginia Center for Wind Energy, click here.

Dr. Jonathan Miles, VCWE Director, addresses the crowd at the JMU Small Wind Training & Testing Facility ribbon-cutting ceremony.

Virginia Port Authority and VEDP Launch Joint Marketing Initiative

Thursday, 28 June 2012 15:52 by Info@YesVirginia.org

The Virginia Port Authority (VPA) and VEDP signed a Memorandum of Understanding to launch a joint marketing initiative to better share Virginia’s unique story with businesses that utilize port facilities.

The marketing initiative will include creating a shared message to be featured through websites, joint client calls on marketing missions, and collaborative representation at various industry events and tradeshows.

The Port of Virginia handles 1.9 million TEUs each year and is fully prepared to accommodate 10,000+ TEU vessels. Its 50-foot shipping channels are the deepest on the East Coast, offering companies the only East Coast location able to hand post-Panamax vessels as first port of call.

Truly an intermodal gateway, the Port of Virginia provides barge, rail and truck distribution with a 48-hour transit time to Chicago. The port offers connectivity with two Class I railroads as well as an Inland Port and Virginia’s premier interstate system.

The Port of Virginia is an economic engine providing 343,000 port-related jobs across the Commonwealth. Over the last two years numerous companies have announced relocations or expansions related to the Port of Virginia’s world-class capabilities, including Ace Hardware, Albany Industries, Amazon.com, Federal-Mogul, Green Mountain Coffee Roasters, Honeywell, Rubbermaid, and Stihl Inc., to name a few.

To learn more about Virginia’s premier transportation infrastructure and the Port of Virginia, click on the highlighted links.

Virginia Port Authority Vice Chair Jim Boyd (left) signs the Memorandum of Understanding with VEDP Chairman Julien Patterson.

Sabra Dipping Co. Expands its Footprint in Chesterfield County, Va.

Monday, 25 June 2012 14:12 by Info@YesVirginia.org

Sabra Dipping Co. announced two exciting projects on its 49-acre campus at Ruffin Mill Industrial Park in Chesterfield County. America’s leading hummus producer will expand its existing food manufacturing operation and establish a Center of Excellence (COE) research and development facility. The combined investment will bring $28 million and 90 new jobs to Chesterfield County.

The manufacturing expansion will give Sabra 50 percent more production capacity with improvements such as adding two lines and a packaging automation system. Sabra first chose Chesterfield County as the site for its new manufacturing facility in 2008.

The new COE facility will feature a state-of-the-art culinary center and research center where Sabra plans to partner with universities on food science research. Construction on the new 20,000-square-foot facility is expected to begin in the second quarter of 2012.

Sabra Dipping Co. was formed through a joint venture between PepsiCo and Israel’s second-largest food and beverage company, the Strauss Group. Sabra’s award-winning flavors have made it the leading producer of hummus in the U.S.

This project is another positive result of a Governor’s marketing mission. Governor McDonnell met with Strauss Group officials in Israel during his November 2011 mission.

The company chose Virginia again for both its skilled workforce and cost-competitive advantages. Sabra CEO Ronen Zohar said, “The fact that we are building the Sabra Center of Excellence in Virginia is a testament to our belief in the people, the community and the resources available here.”

Virginia’s low and stable tax rate combined with competitive electricity and construction costs helped make the Commonwealth the clear winner. In addition, Virginia’s workforce is well-prepared through industry-specific training programs provided by the Commonwealth’s top-ranked universities and 23-member community college system.

To learn why more than 555 food and beverage manufacturing companies have invested more than $1.9 billion in Virginia over the last decade, click here.

German Subsidiary Berryville Graphics Expands in Clarke County, Va.

Thursday, 21 June 2012 09:47 by Info@YesVirginia.org
While traveling on his recent European Marketing Mission, Governor McDonnell announced that German subsidiary Berryville Graphics will consolidate operations through an expansion of its headquarters and manufacturing facility in Berryville, Va. The project will bring a $10.6 million investment and 84 new jobs to Clarke County...

While traveling on his recent European Marketing Mission, Governor McDonnell announced that German subsidiary Berryville Graphics will consolidate operations through an expansion of its headquarters and manufacturing facility in Berryville, Va. The project will bring a $10.6 million investment and 84 new jobs to Clarke County.

One of the largest manufacturers of hardcover and softcover books, Berryville Graphics produces nearly 120 million books each year from its Berryville facility. The company is a subsidiary of German-owned Bertelsmann AG, the largest media company in Europe.

On June 12 the Governor met with Bertelsmann CEO Thomas Rabe in Gutersloh, Germany to close the deal as part of his European Marketing Mission.

Located in Berryville since 1956, Berryville Graphics has found success in Virginia despite challenges the publishing industry has faced in recent years. In addition to the region’s skilled and dedicated workforce, Virginia’s premier logistics network was also a key reason for consolidating operations in Clarke County.

The Clarke County location offers convenient access to I-81, I-70 and the I-66 connection to I-95. In addition, Virginia’s two Class I railroads, Inland Port, and international Port of Virginia allow companies to reach customers across multiple markets quickly and cost-effectively.

To learn why companies keep choosing the Commonwealth for its premier logistics capabilities and world-class workforce, click here.

DARPA Opens New Headquarters Building in Virginia’s Science Corridor

Tuesday, 19 June 2012 11:31 by Info@YesVirginia.org
The Defense Advanced Research Projects Agency (DARPA) recently celebrated the opening of its new headquarters building in the Ballston Science Corridor in Arlington, Va. DARPA first announced plans to relocate in July 2009 in order to meet updated Department of Defense (DOD) security requirements...

The Defense Advanced Research Projects Agency (DARPA) recently celebrated the opening of its new headquarters building in the Ballston Science Corridor in Arlington, Va. DARPA first announced plans to relocate in July 2009 in order to meet updated Department of Defense (DOD) security requirements.

Federal, state and local officials worked with the Base Realignment and Closure (BRAC) Commission to keep DARPA within the Science Corridor in Arlington, and avoid relocation to a military base. This project retained 800 jobs at DARPA and more than 1,700 jobs through its partnerships with other defense contractors and private businesses in the region.

The Virginia National Defense Industrial Authority administered a $10 million grant to customize the new building to meet the DOD’s Minimum Anti-terrorism Standards for Buildings. The 13-story, 352,000-square-foot building was also constructed to meet LEED Silver energy efficiency requirements.

A leading research institution and agency of the DOD, DARPA’s mission is to develop critical technology to preserve national security. The agency’s innovations have led to key scientific and research discoveries, including involvement in the creation of the Internet.

As part of the Ballston Science Corridor, DARPA will enjoy synergies with the surrounding science community, including the National Science Foundation, the Office of Naval Research, the Air Force Office of Scientific Research, CACI International, and the new Virginia Tech research center.

DARPA is one example of the many leading research institutions in the Commonwealth, providing Virginia businesses with access to cutting-edge research and an innovative workforce. To learn more about Virginia’s world-class research capabilities, click here.

Virginia Commended as America’s Most Livable State by U.S. Chamber of Commerce

Monday, 18 June 2012 16:52 by Info@YesVirginia.org
Virginia was named a Top Performing State and commended as America’s Most Livable State in the U.S. Chamber of Commerce’s recent report Enterprising States 2012. The report was released at the U.S. Chamber’s annual Jobs Summit on June 13...

Virginia was named a Top Performing State and commended as America’s Most Livable State in the U.S. Chamber of Commerce’s recent report Enterprising States 2012. The report was released at the U.S. Chamber’s annual Jobs Summit on June 13.

The report reviewed the economic development and job creation policies of all 50 states, looking at growth, productivity and livability measures. The Top Performing States were calculated using the follow seven factors: long-term job growth, short-term job growth, overall expansion of gross state product, state output per job, growth in output per job, growth in per capital personal income, and median income of a four-person household adjusted for state cost of living.

Virginia was ranked No. 1 in Median Family Income, STEM Job Concentration, and High-tech Share of All Businesses. The Commonwealth outperformed other states due to its high quality of living combined with a strong base of high-tech businesses and the skilled workers to support these companies.

This comes as no surprise, as Virginia has previously been recognized as having both the highest concentration of high-tech companies and the highest concentration of high-tech workers, according to Enterprising States 2011 and Cyberstates 2011, respectively.

The study also referenced Virginia’s leadership in building upon its strengths in technology through new legislative initiatives promoting research and development and investment in technology and science.

May’s seasonally adjusted unemployment numbers confirm Virginia’s positive story. Holding steady at 5.6 percent, the jobless number is well below the national average and remains the lowest rate in three years.

To learn why Virginia continues to receive top rankings for its pro-business environment, skilled workforce and high quality of life, click here.

UBED—Piedmont Virginia Community College Prepares Analysts for the Intelligence Community

Thursday, 14 June 2012 13:19 by Info@YesVirginia.org

As part of our ongoing series we are taking a look at what higher education institutions are doing around the Commonwealth to support University-Based Economic Development (UBED).

Piedmont Virginia Community College (PVCC) has partnered with the Advanced Technical Intelligence Center for Human Capital Development to develop an Analyst Boot Camp program for the intelligence community.

The 10-week, 400-hour Analyst Boot Camp is geared towards entry level intelligence workers with a bachelor’s degree. While at the boot camp students obtain Secret security clearance, and by the end of the program they can apply for Top Secret clearance.

The boot camp provides an overview of world events from an intelligence perspective, as well as coursework on the different types of intelligence. It also prepares students on all aspects necessary to complete a briefing, including gathering, analyzing and reporting on data.

Because participants get such a thorough overview of the intelligence community and can hit the ground running after graduation, PVCC estimates the program saves future employers $50,000-$80,000 per student.

The Analyst Boot Camp was developed to support the training needs of Central Virginia’s intelligence community. In particular, as part of the Base Realignment and Closure legislation, the Defense Intelligence Agency moved more than 800 jobs to Albemarle County’s Rivanna Station beginning in 2010. 

To date, the Analyst Boot Camp has graduated two classes and the third class is scheduled to begin later this month. Graduates find employment in the military, intelligence agencies, law enforcement, and in cyber security fields in the private sector.

This fall the program will expand its coursework for more advanced students to include a Certified Ethical Hacker course, additional software courses, and additional homeland security and counter-terrorism courses.

PVCC’s Analyst Boot Camp is another example of the customized workforce training solutions Virginia higher education institutions offer employers across the state. To learn more about the Analyst Boot Camp or PVCC’s customized workforce training solutions, click on the highlighted links.

Leading Lime Producer Carmeuse Lime & Stone Expands in Frederick County

Wednesday, 13 June 2012 09:31 by Info@YesVirginia.org

Last week, Carmeuse Lime & Stone announced it will expand its Frederick County limestone mining and quarrying operation through a $45 million investment, creating 25 new jobs.

The investment will be used to purchase new machinery and equipment, including a new modern kiln, to meet increased demand for the company’s products. With new EPA regulations around the production of “clean coal,” demand for lime products has increased due to lime’s ability to absorb sulfur and reduce emissions.

With a Belgium parent company and 90 facilities across the globe, the largest producer of lime and limestone products in North America certainly had its pick of locations. Carmeuse Lime & Stone chose Virginia not once, but five times, through its multiple operations across the Commonwealth. 

Carmeuse Lime & Stone has found success in Frederick County since 1959. The company’s decision to grow this location was based upon the region’s highly skilled workforce, wealth of natural resources, and supporting infrastructure.

With trucking as the company’s main distribution channel, Virginia’s superior logistics network helped seal the deal. The Frederick County location offers convenient access to I-81, I-70 and the I-66 connection to I-95, allowing the company to easily reach Eastern, Midwestern and Canadian markets.

In addition, the Virginia Inland Port is only a few miles away, allowing the company to access international markets through the world-class Port of Virginia.

To learn why Virginia is consistently ranked America’s Top State for Business, and why manufacturing companies keep coming back to the Commonwealth, click here.

Small Businesses Rank Virginia A Top Ten Friendliest State for Doing Business

Monday, 11 June 2012 09:31 by Info@YesVirginia.org
Virginia was ranked the No. 7 Friendliest State by more than 6,000 small businesses surveyed by Thumbtack.com and the Kauffman Foundation in the recently published Thumbtack.com Small Business Survey...

Virginia was ranked the No. 7 Friendliest State by more than 6,000 small businesses surveyed by Thumbtack.com and the Kauffman Foundation in the recently published Thumbtack.com Small Business Survey.

Virginia was in the top ten nationwide in the following categories: lowest cost to hire a new employee, business-friendly labor and hiring regulations, strong training programs, and networking events geared towards small businesses.

The Commonwealth was also the No. 1 state in the Mid-Atlantic region in the categories of overall small business friendliness, lowest cost of hiring a new employee, and ease of starting a small business.

Small businesses and entrepreneurs are at the heart of economic growth, providing 65 percent of net new jobs nationwide between 1993 and 2009, according to the Thumbtack.com Small Business Survey.

Governor McDonnell’s recent announcement of new legislature to encourage investment in small business further illustrates Virginia’s intent to attract and assist small businesses. Senate Bill 344 and House Bill 585 created the Small Business Investment Grant Fund which offers a grant equal to 10 percent of the qualified investment.

To learn why Virginia is a great place to start a business and read more about the extensive resources available to entrepreneurs, 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.

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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 Coa #2 Best State for Business for Second Year Running" addthis:url="http://yesvirginia.de/BlogSpot/post/Forbescom-Ranks-Virginia-2-Best-State-for-Business-for-Second-Year-Running.aspx" addthis:description="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.">

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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.

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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.

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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.

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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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About VEDP

Virginia Economic Development Partnership is the Best State for Business

The Virginia Ecnly 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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About VEDP

Virginia Economic Development Partnership is the Best State for Business

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

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Virginia Receives an A+ for Small Business Friendliness

Tuesday, 17 June 2014 09:35 by Info@YesVirginia.org
Virginia received an A+ on Thumbtack.com’s annual Small Business Friendliness Survey. The Commonwealth improved its rank to the fourth overall friendliest state in the U.S. and the top state on the East Coast...

Virginia received an A+ on Thumbtack.com’s annual Small Business Friendliness Survey. The Commonwealth improved its rank to the fourth overall friendliest state in the U.S. and the top state on the East Coast.

Virginia outshone its surrounding competition for the third year in a row. Maryland received a C- and North Carolina earned a C+. Virginia has never received less than an A since the inception of this ranking.

Thumbtack.com partnered with the Kauffman Foundation to survey more than 12,600 entrepreneurs across the country. This ranking is unique because its results come straight from the comments of small business owners.

“After a two-month survey of thousands of small business owners nationwide, business owners have reaffirmed that Virginia is a premier destination for starting and running a business,” said Jon Lieber, Chief Economist of Thumbtack.com. “Creating a business climate that is welcoming to small, dynamic businesses is more important than ever, and Virginia's A+ grade by its small businesses shows what a welcoming and friendly place the Commonwealth is for entrepreneurs.”

Highlights for Virginia include a No. 3 ranking for ease of licensing regulations, a No. 4 ranking for ease of overall regulations, and a No. 5 ranking for training and networking programs. According to Thumbtack.com, the strongest correlating factor for the perception of small business friendliness is the ease of licensing forms, requirements and fees.

In addition, the study examined 82 metropolitan regions. Richmond was ranked No. 10 overall and Virginia Beach was ranked No. 20 overall. Richmond and Virginia Beach were ranked No. 3 and No. 4, respectively, for ease of licensing regulations.

Entrepreneurs and start-ups are becoming increasingly important for economic growth and organic job creation. According to Thumbtack.com, “Virginia’s small businesses were the third most optimistic in the nation when it came to plans to hire more employees in the next twelve months.”

To learn why Virginia is a great place to start and grow a business, click here.

Center for Advanced Film Manufacturing Established in Window Film Capital of the World

Monday, 9 June 2014 14:50 by Info@YesVirginia.org
The founding of the Center for Advanced Film Manufacturing was recently announced in Martinsville-Henry County during a ribbon-cutting ceremony at Patrick Henry Community College...

The founding of the Center for Advanced Film Manufacturing was recently announced in Martinsville-Henry County during a ribbon-cutting ceremony at Patrick Henry Community College.

Through a public-private partnership, the center will offer a 28-credit Advanced Film Certification Program. Students will take classes at Patrick Henry Community College and New College Institute, while receiving access to hands-on training with machinery and equipment at nearby Eastman Chemical and Commonwealth Laminating & Coating. In March, Eastman Chemical announced plans to acquire Commonwealth Laminating & Coating.

Advanced film experts at Eastman Chemical and Commonwealth Laminating & Coating are advising on curriculum and will participate as part-time instructors. The companies will also offer internships and all graduates of the program are guaranteed an interview at Eastman Chemical.

The Martinsville-Henry County region has become “the window film capital of the world,” producing more than 30 percent of the global supply of coated and dyed film.

Performance or advanced films are terms used to describe any film applied to another material, such as a glass window. Films come in the form of tints, laminates, coating and composites, providing benefits such as tints on car windows to reduce glare, tints on office building windows for privacy, additional strength to industrial windows for security, and the addition of photovoltaic materials to solar panels to capture the sun’s energy.

Students can apply to the Advanced Film Certification Program on the PHCC website, and the first class will commence in fall 2014.

Virginia is home to more than 200 plastics companies, and the Center for Advanced Film Manufacturing will help ensure the Commonwealth has a well-trained workforce pipeline to maintain its leadership in this industry sector. To learn more, click here.

Two employees at Eastman Chemical stand proudly in Martinsville-Henry County, “the window film capital of the world." Photo courtesy of Martinsville-Henry County Economic Development Corp.

RockTenn’s West Point Mill Celebrates 100 Years in Virginia

Monday, 2 June 2014 15:08 by Info@YesVirginia.org
RockTenn recently celebrated 100 years of success at its West Point mill in King William County, Va. The mill produces white top linerboard and recycled medium used in corrugated boxes and other types of packaging...

RockTenn recently celebrated 100 years of success at its West Point mill in King William County, Va. The mill produces white top linerboard and recycled medium used in corrugated boxes and other types of packaging. 

The West Point mill began operations on May 16, 1914, a little over a year after the company was first established as the Chesapeake Pulp & Paper Company. The mill began with 140 employees and a capacity of 20 tons of paper products per day.

Chesapeake Pulp & Paper Company would later become Chesapeake Corp. and the mill would change ownership a number of times before being acquired by RockTenn in 2011. RockTenn is publicly traded (NYSE: RKT) and one of the leading packaging solutions providers in North America.

In 1930, the West Point Mill acquired the first Fourdrinier machine in the South, allowing it to manufacture continuous sheets of paper.  The machine initially created a sheet 218 inches wide, running at a top speed of 1,000 feet per minute. The machine has been updated and is still running today at 2,000 feet per minute.

The mill added paper machine No. 2 in 1964 and machine No. 3 in 1985. Today, the mill employs more than 500 Virginians and produces about 900,000 tons of paper products each year.

In October 2012, RockTenn celebrated completion of an 11-mile pipeline to supply natural gas to the West Point mill, in partnership with Virginia Natural Gas, Dominion Virginia Power, New Kent County, King William County, and the Town of West Point. The company also invested in the mill to make it more efficient, reduce emissions and lessen its carbon footprint.

According to RockTenn General Manager Chris Broome, “We are very excited about the investments RockTenn is making in our West Point mill to continue providing our customers with high-quality products and to better support their needs. We are committed to being a good business partner within the community and value the relationships we have developed throughout the years.”

The West Point mill’s 100 years of success is a notable achievement and represents the longevity and prosperity companies experience in Virginia’s pro-business environment. To learn why companies keep growing in the Best State for Business, click here.

A view of RockTenn’s West Point mill on the York River in West Point, Va. Photo courtesy of RockTenn.

U.S. Foreign Affairs Security Training Center Comes to Virginia’s Fort Pickett

Wednesday, 21 May 2014 14:29 by Info@YesVirginia.org
The U.S. Department of State recently announced plans to establish its Foreign Affairs Security Training Center, known as FASTC, on 1,500 acres at Fort Pickett in Virginia’s Nottoway County...

The U.S. Department of State recently announced plans to establish its Foreign Affairs Security Training Center, known as FASTC, on 1,500 acres at Fort Pickett in Virginia’s Nottoway County.

U.S. diplomats are currently trained at multiple sites across the nation. In May 2008, Congress identified the need to consolidate training at one facility to improve efficiencies and cost savings. 

After a multi-year search, Fort Pickett was selected as the best site over 70 other properties because it met DOS’ operational requirements and offered close proximity to D.C. agencies and the intelligence community.

FASTC will train approximately 8,000 – 10,000 U.S. ambassadors and diplomats sent to foreign countries, sometimes in dangerous locations. The center will initially focus on hard skills training, which includes detecting surveillance, providing emergency medical care, identifying explosive devices, firearms training, and performing defensive driving maneuvers. The 2012 attacks in Benghazi highlight the importance of this training for the U.S. foreign affairs community.

Fort Pickett is the perfect location because the 46,000-acre campus offers plenty of land and a secure environment to build driving tracks, mock urban environments, and firing and explosive ranges. Fort Pickett was established in 1942 and currently serves as the Maneuver Training Center for the Virginia National Guard. While the land is predominantly in Nottoway County, it covers parts of Brunswick and Dinwiddie Counties.

This project is expected to be transformative for the Nottoway County region. The DOS is currently estimating a hard-skills facility will bring $461 million in investment to the area, not to mention additional jobs both onsite and in the community through the multiplier effect.

U.S. Senator Tim Kaine and a group of federal, state and local officials recently visited Fort Pickett to tour the future site of FASTC. The Administration continues to work through budgetary issues and must complete an updated master plan and environmental impact study before construction can begin.

Virginia’s selection as the site for the FASTC project illustrates how the Commonwealth provides the right location, infrastructure and workforce for both public and private entities. To learn more click here.

U.S. Senator Tim Kaine and a group of federal, state and local officials tour the future site of FASTC at Fort Pickett in Nottoway County, Va. Photo courtesy of Virginia National Guard Public Affairs/Cotton Puryear.

The Virginia Tech Carilion School of Medicine Holds Its First Commencement Ceremony

Friday, 9 May 2014 12:07 by Info@YesVirginia.org

The Virginia Tech Carilion School of Medicine will hold its first-ever commencement ceremony on Saturday, May 10 at 8:30 a.m. at the Jefferson Center in Roanoke.

The ceremony will be held for the school’s first 40 graduates, who are all continuing on to a residency. U.S. Senator Tim Kaine, who as a former governor of Virginia signed legislation to support the creation of the new school, will be the keynote speaker.

The Virginia Tech Carilion School of Medicine and Research Institute serves as a model of collaboration between public and private partners. The institute combines Virginia Tech’s sciences, bioinformatics, and engineering with Carilion Clinic’s highly experienced medical staff. The Virginia Tech Carilion Research Institute collaborates with 75 institutions around the world, and has 168 research employees.

In addition, the institute’s unique, patient-centered learning model and small class size allows students to learn through real-life situations with ample student participation. Only 15 percent of medical schools in the U.S. have a patient-centered learning curriculum.

Virginia has a number of nationally recognized medical training and research institutes around the state, including the VCU School of Medicine and the UVA Department of Biomedical Engineering and School of Medicine, and now adds another major medical school in the western part of the state.

Virginia’s nationally acclaimed universities and community colleges, ensure businesses have a knowledgeable and highly trained workforce. The Virginia Tech Carilion School of Medicine and Research Institute is a great example of how Virginia is preparing for jobs of the 21st century. To learn more about Virginia’s more than 100 in-state institutions of higher education, click here.

A view of the Virginia Tech Carilion School of Medicine and Research Institute—located in Roanoke, Virginia.

Commonwealth Crossing Business Centre Breaks Ground in Martinsville-Henry County

Monday, 21 April 2014 15:02 by Info@YesVirginia.org

Last Thursday, a kickoff event was held marking the beginning of development at Commonwealth Crossing Business Centre.

The event at the 740-acre site attracted members of the U.S. Congress, state leaders, local officials, and citizens and neighbors from both Virginia and North Carolina. The CCBC project began in 2007 when Henry County purchased the land. Earlier this month, the grading permit was awarded by the Army Corps of Engineers.

Chairman of the Henry County Board of Supervisors H.G. Vaughn, U.S. Senator Tim Kaine, U.S. Congressman Robert Hurt, U.S. Congressman Morgan Griffith, and Virginia House of Delegates member Danny Marshall delivered remarks. U.S Senator Mark Warner could not attend the event but had his remarks delivered by a member of his staff.

Henry County officials said their plan is to create about 140 to 170 acres of useable pad space for potential companies. Grading work on the site is expected to begin within two to three weeks and it could take up to 18-24 months to complete that work. The Martinsville-Henry County Economic Development Corporation will be the lead agency in marketing the property.

CCBC is a prime location for advanced manufacturing companies, including automotive and aerospace. The business park is located in an Enterprise Zone, which allows companies to apply for special zone grants and incentives. CCBC is located 33 miles from the Piedmont Triad International Airport and is adjacent to the Norfolk Southern Railway Mainline.

Funding partners for CCBC include Henry County, the City of Martinsville, the Martinsville-Henry County Economic Development Corporation, the Tobacco Commission, The Virginia Economic Development Partnership, the Small Business Administration and the Mid-Atlantic Broadband.

CCBC is another example of the pipeline of premier business parks that keeps manufacturing companies coming to the Commonwealth. To learn why manufacturers have invested more than $13.7 billion in Virginia over the last decade, click here.

Federal, state and local officials celebrate the groundbreaking of CCBC, a 740-acre business park in Martinsville-Henry County.

Southern Virginia Advanced Manufacturing Center Receives Additional Funding

Monday, 14 April 2014 15:16 by Info@YesVirginia.org
Halifax County Industrial Development Authority recently announced it has received a $427,500 grant to complete Phase III renovations on the Southern Virginia Advanced Manufacturing Center...

Halifax County Industrial Development Authority recently announced it has received a $427,500 grant to complete Phase III renovations on the Southern Virginia Advanced Manufacturing Center.

SVAMC is located in South Boston, Va., at the former Daystrom Furniture manufacturing plant. Halifax County purchased the facility three years ago, which includes 34 acres and three buildings totaling 430,000 square feet. 

The county has been renovating the site, originally established in the 1960s, and recently added a new, more energy-efficient roof. Phase III renovations will extend natural gas to the site through a collaboration with Columbia Gas of Virginia.

The goal of the project is to provide a manufacturing ecosystem that will draw multiple companies to the area, as well as jobs and investment. The facility will include both advanced manufacturing and hands-on workforce training space for multiple tenants. It is expected to be ready in early 2015.

VEDP helped Halifax County identify the grant from the U.S. Community Advancement and Improvement Program. Matt Leonard, executive director of the Halifax County IDA, emphasized the importance of the funding for the region, commenting, “The USCAIP grant provides benefits beyond its dollar value.”

Advanced manufacturing continues to be a mainstay of Virginia’s economy, with 5,600 manufacturers employing almost 231,000 workers. To learn why manufacturing companies have invested more than $13.7 billion in the Commonwealth over the last 10 years, click here.

A rendering of the Southern Virginia Advanced Manufacturing Center in South Boston, Va. Photo courtesy of Halifax County Industrial Development Authority.

Bioplastics — How One Virginia Company is Making Plastic out of Feathers

Friday, 28 March 2014 11:45 by Info@YesVirginia.org
Eastern BioPlastics has successfully commercialized a process to make plastic out of chicken feathers. By using what was formerly a waste product, the company is making plastic components in a sustainable way...

Eastern BioPlastics has successfully commercialized a process to make plastic out of chicken feathers. By using what was formerly a waste product, the company is making plastic components in a sustainable way.

Co-founders Sonny Meyerhoeffer and Dr. Justin Barone established the company in Mount Crawford, Va., in 2008. They combined Meyerhoeffer’s background as an entrepreneur in the poultry industry with Barone’s engineering expertise as a professor at Virginia Tech to accomplish a difficult task — commercializing R&D into an effective process.

The company replaces up to 50 percent of the petroleum component of plastics with fiber made from chicken feathers. This chicken feather fiber, called feather fiber intermediate, has a number of advantages over petroleum. It is a renewable resource and makes use of something that was previously viewed as a waste product. In addition, the chicken feather fibers are very strong yet lightweight, making them ideal for plastic products.

Eastern BioPlastics has developed a proprietary technique that cleans and processes the chicken feathers in a cost-competitive way. The feather fiber intermediate is blended with polyolefins in a resin, and then extruded into pellet form. These pellets are then sold to original equipment manufacturers that use injection molding to form any number of end products for use in the automotive, furniture and sports equipment industries. The company is currently beta testing this product with customers.

Eastern BioPlastics has also developed a second product called Environmental BioProtector. Feathers are extremely oil absorbent; news coverage of massive oil spills illustrates how birds suffer because the oil becomes trapped in their feathers. The company has developed a product using chicken feathers to help clean up oil spills, from large-scale disasters to consumer use for car oil leaks. Environmental BioProtector is USDA certified and made of 99 percent bio-based material, making it one of the most eco-friendly and low cost oil absorbing solutions on the market today. The company has been selling this product since May 2013.

Creating an entirely new product in 2008 was no easy feat, especially during the economic downturn of 2009-2010. According to co-founder Meyerhoeffer, “Back then nobody wanted to take a chance on anything new. We had to figure out how to break in and create a market with a brand new product.”

When asked why he kept going during these early days, Meyerhoeffer responded, “I was never led to quit and we stayed at it because we knew there was something there that was better. You have to persevere through the tough times. I think a lot of entrepreneurs are that way. You know you’ve got something viable and it’s just about continuing through to the end.”

The founders of Eastern BioPlastics exemplify the entrepreneurial spirit and innovation that’s alive and well in the Commonwealth. To learn what Virginia offers and why it’s a great place to start a business, click here.

Eastern BioPlastics co-founder Sonny Meyerhoeffer displays his Bioplastic Composite Resins made from chicken feathers. 

VEDP Releases Maritime Opportunities Export Report

Thursday, 20 March 2014 14:44 by Info@YesVirginia.org
VEDP just released its Maritime Opportunities Export Report for Virginia. The report was prepared by Old Dominion University as part of VEDP’s Going Global Defense Initiative aimed at helping Virginia defense companies mitigate the impact of sequestration by increasing international sales...

VEDP just released its Maritime Opportunities Export Report for Virginia. The report was prepared by Old Dominion University as part of VEDP’s Going Global Defense Initiative aimed at helping Virginia defense companies mitigate the impact of sequestration by increasing international sales.

This report, geared towards small and medium defense contractors, is timely given current expectations for another BRAC (Base Realignment and Closure) process and the possibility of the U.S. military shifting some assets to the Pacific Rim.

The Maritime Opportunities Export Report gives a high level overview of the process a company would need to follow in order to export defense products or services. For example, one of the first steps a company should take is determining if its product or service is on the U.S. Munitions List or the Commerce Control List so it can obtain the appropriate registration and license to export. The report also provides helpful links to federal resources that govern these procedures.

Recognizing that the most reliable indicator of future trade activity is current trade activity, the report utilized a mixture of historical data on defense import purchases combined with expected growth rates and political and financial stability to determine the export opportunity ranking by country.

The Top 10 markets for U.S. Maritime Exports are:

  1. Japan
  2. Australia
  3. United Kingdom
  4. South Korea
  5. Israel
  6. India
  7. Turkey
  8. United Arab Emirates
  9. Mexico
  10. South Africa

The report also outlines a number of emerging growth markets in the global maritime industry. These include anti-piracy products, services and technology; ship conversions and deactivations; privatized naval security; unmanned underwater vehicles for mining, mapping, environmental testing, route surveying and port surveillance; and C4ISTAR which stands for command, control, communications, computers, intelligence, surveillance, targeting acquisitions and reconnaissance.

To download the report and learn more about VEDP’s Going Global Defense Initiative, click here.

Capital One Celebrates Opening of Chesterfield County Data Center

Wednesday, 19 March 2014 09:09 by Info@YesVirginia.org
Capital One recently celebrated the opening of its newest data center in Chesterfield County. The $150 million project was first announced in June 2012...

Capital One recently celebrated the opening of its newest data center in Chesterfield County. The $150 million project was first announced in June 2012.

This investment represents part of Capital One’s efforts to streamline and automate its IT infrastructure, adding new technologies to continue its reputation for leadership and exceptional customer service.

The 242,000-square-foot facility is scalable for future growth and includes redundant power supply and substantial backup systems to ensure uninterrupted service. It is also LEED Gold certified by the U.S. Green Building Council.

“This new data center is a bold example of the value we place on having the best technology to deliver on our customer mission, and we are proud to continue our strong relationship with Virginia and expand our workforce here,” said Rob Alexander, Chief Information Officer at Capital One.

The company employs more than 15,000 associates in Virginia, drawing on the Commonwealth’s strong IT and professional services labor pool. While the company initially expected to create 50 new jobs related to this investment, Capital One now expects to double that over the next year in Central Virginia.

Capital One was founded in Virginia more than 20 years ago. The company has thrived in the Commonwealth and grown to become a Fortune 500 company (NYSE: COF) and one of the most recognized brand names in the U.S. It is the country’s largest direct bank and 7th largest bank based on deposits.

Chesterfield County was selected for this project due to its proximity to Capital One’s existing operations in the Greater Richmond area. Central Virginia has been part of Virginia’s booming data center industry because it offers abundant power, an advanced fiber-optic network, low risk of natural disaster, and a strong IT workforce.

To learn why approximately 700 data processing, hosting and related establishments have selected Virginia as their home, click here.

The Port of Virginia – the Only Port on the U.S. East Coast Ready Now for Post-Panamax Vessels

Tuesday, 11 March 2014 15:58 by Info@YesVirginia.org
While other ports along the East Coast scramble to deepen their channels in preparation for the Panama Canal expansion, the Port of Virginia stands ready as the only port on the U.S. East Coast currently capable of handling post-Panamax ships as first and last port of call...

While other ports along the East Coast scramble to deepen their channels in preparation for the Panama Canal expansion, the Port of Virginia stands ready as the only port on the U.S. East Coast currently capable of handling post-Panamax ships as first and last port of call.

With 50-foot channels and authorization up to 55 feet, the Port of Virginia offers the deepest shipping channels on the U.S. East Coast, able to accommodate ships greater than 10,000 TEUs (twenty-foot equivalent units). Even just a few feet of channel depth can have a significant impact. 45-foot channels can only accommodate up to 8,500-TEU vessels and 42-foot channels can only accommodate 4,500-TEU vessels.

The Port of Virginia offers prime, unobstructed access to the Atlantic Ocean. This saves valuable transit time and costs, and ships traveling to the Port of Virginia can avoid the hassle of traveling inland, navigating rivers and overhead obstructions like low bridges.

Served by every major shipping line, the Port of Virginia offers direct connection to more than 100 foreign ports and reach to any country in the world. Norfolk Southern and CSX offer on-dock, double-stack intermodal service to markets throughout the Northeast, Midwest and Southeast. Customers also have access to 12 short-line railroads for a total of 3,500 miles of track throughout Virginia. 

The Port of Virginia is one of the largest intermodal networks on the East Coast, handling 2.2 million TEUs in 2013. The Virginia Port Authority operates four owned terminals:  three marine terminals, Norfolk International Terminals, Portsmouth Marine Terminal, Newport News Marine Terminal, and an inland facility, the Virginia Inland Port. VPA also operates two leased marine facilities: APM Terminals and the Port of Richmond.

Norfolk International Terminals is the Port of Virginia’s largest terminal. It houses 14 Suez Class ZPMC cranes, the largest, most efficient cranes in the world. Capable of handling current and future ships, these cranes have a 245-foot reach that can offload vessels loaded 27 containers wide.

APM Terminals is known as the most technologically advanced terminal in the Americas. It automates and optimizes the flow of crane and container movements, and its advanced tracking systems can pinpoint the exact location of every container. Cargo movements are handled by eight Super Post-Panamax ship-to-shore cranes, 30 semi-automated rail-mounted gantry cranes and two rubber-tire gantry cranes with electric spreader bars.

Use the highlighted links to learn more about the capabilities of the world-class Port of Virginia and Virginia’s global logistics network.

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Staying Focused on What Really Matters

Freitag, 16 Dezember 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

Donnerstag, 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

Freitag, 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

Donnerstag, 23 Juni 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

Freitag, 3 Juni 2016 11:40 by Info@YesVirginia.org

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

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

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

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

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

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

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Foreign Direct Investment Makes Massive Job Impact on Virginia

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

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

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

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

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

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

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


Governor McAuliffe
participated in a workforce development panel during SelectUSA.

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Sumitomo Machinery Corporation Celebrates 50 Years in North America

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

Distribution Companies Deliver Big Investment to Virginia

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

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

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

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

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

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

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

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

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


The Vitamin Shoppe distribution center in Hanover County, Virginia.

Cybersecurity Industry Surges Ahead in Virginia

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

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

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

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

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

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

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

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

 

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About VEDP

Virginia Economic Development Partnership is the Best State for Business

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

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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 growth as a leading center for advanced manufacturing.

To learn more about the Rolls-Royce Crosspointe Campus and Virginia’s capabilities in the advanced manufacturing space, click on the highlighted links.

A rendering of Rolls-Royce's Advanced Airfoil Machining Facility at its Crosspointe campus in Prince George County, Va.

HanesBrands Inc. Expands in Patrick County

Thursday, 29 November 2012 13:47 by Info@YesVirginia.org
HanesBrands recently announced plans to expand its Woolwine plant in Patrick County, Va., through a $1.6 million investment...

HanesBrands recently announced plans to expand its Woolwine plant in Patrick County, Va., through a $1.6 million investment.

The company will upgrade the plant with high-speed manufacturing equipment that will double current capacity and allow the company to increase production of performance fabrics in the women’s sports market. 

The investment will bring 50 new jobs and retain 215 jobs at the Patrick County operation. In addition, HanesBrands employs a workforce of 400 at its distribution center in nearby Martinsville, Va.

HanesBrands has a long history in the region and the company’s positive experience with Virginia’s pro-business climate and advanced manufacturing workforce helped ensure the Commonwealth was selected once again.

Southern Virginia maintains a rich heritage of textile operations, and this investment illustrates Virginia’s manufacturing prowess in the competitive worldwide apparel industry.

With more than 6,000 manufacturers located in Virginia, the Commonwealth has seen more than $13.8 billion in capital investment from manufacturing companies over the last 10 years. To learn more about Virginia’s advanced manufacturing industry, click here.