Danville Community College Prepares Virginia's Advanced Manufacturing Workforce

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

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

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

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

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

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

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

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Orbital Sciences Completes Launch from Virginia to the International Space Station

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

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

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

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

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

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

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

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

Following the historic LADEE launch just over a week ago, Virginia’s leadership in space exploration is evident. Through the MARS facility, Virginia offers one of only four commercial sites approved by the FAA for orbital space launches.

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

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

The MACH37 Cyber Accelerator Opens in Herndon, Virginia

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Service Center Metals Celebrates 10-year Anniversary and Expansion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

VEDP Launches ‘Going Global’ Initiative for Defense Companies

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

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

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

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

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

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

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

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

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

Virginia Receives Numerous Top Rankings from Business Facilities Magazine

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

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

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

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

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

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

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

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

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

Nine Virginia Schools Make Forbes 2013 America’s Top 200 Colleges Report

Thursday, 1 August 2013 16:30 by Info@YesVirginia.org
Once again, Virginia colleges and universities made a strong showing on the Forbes 2013 America’s Top Colleges list...

Once again, Virginia colleges and universities made a strong showing on the Forbes 2013 America’s Top Colleges list.

Nine Virginia institutions were ranked in the Top 200 in the Overall Category: Washington and Lee University (No. 21), University of Virginia (No. 29), College of William and Mary (No. 44), Virginia Military Institute (No. 87), University of Richmond (No. 88), Virginia Tech (No. 110), James Madison University (No. 168), Hampden-Sydney College (No. 189), and George Mason University (No. 197).

Virginia schools also stood out in a number of categories. Washington and Lee University was ranked No. 20 on the Best Private Colleges list, and James Madison University came in at No. 21 on the Best Value Colleges List.

Three Virginia schools made the Top 25 in the Best Public Colleges category. University of Virginia was ranked No. 4, College of William and Mary was ranked No. 9, and Virginia Military Institute came in at No. 17.

What is unique about this ranking is that Forbes focuses on ROI and what students get out of their college experience. Forbes looks at five areas to determine its rankings—student satisfaction scores, post-graduate success, student debt, graduation rates and nationally recognized awards.

Virginia’s higher education system currently includes more than 450,000 students enrolled at institutions ranging from 15 comprehensive public institutions, eight of which offer doctoral programs, more than 50 private accredited four-year colleges and universities, and 23 public community colleges.

The quality of Virginia’s workforce is often cited as a critical advantage by companies in the Commonwealth, and with a world-class higher education system, Virginia is poised to maintain a strong pipeline of skilled workers.

To learn how Virginia’s premier higher education system is preparing a skilled workforce for the future, click here.

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
YesVirginia Business Blog |

Plastics on the Rise — Insights from the Plastics News Forum 2014

星期五, 7 三月 2014 14:15 by Info@YesVirginia.org
Last week, VEDP attended the Plastics News Executive Forum in Tampa, Florida. We had the opportunity to hear from Bill Wood, Founder of Mountaintop Economics & Research, and learn why he thinks the North American plastics industry is on the rise...

Last week, VEDP attended the Plastics News Executive Forum in Tampa, Florida. We had the opportunity to hear from Bill Wood, Founder of Mountaintop Economics & Research, and learn why he thinks the North American plastics industry is on the rise.

First, the Institute for Supply Management’s Purchasing Managers' Index has been growing for the past few years. The PMI is an economic indicator derived from monthly surveys of private sector companies. Since the PMI has been on the rise for several years, Bill predicts it should continue to increase for years to come, which is good news for Virginia’s already thriving plastics industry.

Second, U.S. durable goods orders are on the upward trend with five percent growth in 2014. Durable goods are items from toasters to aircraft meant to last three years or more. This increase shows hopeful signs for factory activity which have slowed in recent years.

Finally, U.S. plastic parts production has increased six percent in the past year. Low U.S. natural gas prices have helped increase domestic plastic production after a decline from the 2008 recession.

These three factors are strong indicators that the U.S. plastics industry will continue to grow in 2014. Since 2003, Virginia plastics firms have invested more than $1 billion and created more than 4,900 jobs. To learn more about Virginia’s plastics industry, click here.

Bill Wood, Founder of Mountaintop Economics & Research, presents at the Plastics News Executive Forum 2014.

Virginia’s Focus on Cybersecurity Remains Strong

星期四, 6 三月 2014 14:22 by Info@YesVirginia.org
Governor McAuliffe recently announced the launch of Cyber Virginia, a plan to establish the Virginia Cybersecurity Commission and augment Virginia’s leadership in cybersecurity...

Governor McAuliffe recently announced the launch of Cyber Virginia, a plan to establish the Virginia Cybersecurity Commission and augment Virginia’s leadership in cybersecurity.

The Commonwealth has a strong legacy in cybersecurity, and is well-positioned with the infrastructure to grow this sector. Virginia has the highest concentration of high-tech workers, according to Cyberstates 2013, and up to 70 percent of the world’s Internet traffic flows through Northern Virginia every day. Growth in the Commonwealth’s data center industry remains robust — investment topped $1 billion in 2012 — positioning Virginia as the place to be for companies moving towards cloud computing.

Virginia’s close proximity to the federal government’s cybersecurity operations also played a role in establishing its leadership position. The Commonwealth is home to the U.S. Department of Defense, U.S. Department of Homeland Security’s National Cybersecurity and Communication Integration Center, and DARPA.

Virginia’s premier institutions of higher education are poised to maintain the Commonwealth’s leadership in technology through a healthy pipeline of skilled technology workers. Twenty-two of Virginia’s 23 community colleges offer training programs in cybersecurity.

In addition, the NSA and U.S. Department of Homeland Security named five Virginia schools as National Centers of Academic Excellence in Information Assurance Education: George Mason University, Hampton University, James Madison University, Marymount University, and Norfolk State University. Virginia Tech was named a National Center of Academic Excellence in Information Assurance Research.

To highlight a couple of these programs, Virginia Tech offers the Hume Center for National Security and Technology, which researches intelligence applications of cyberattacks and defense. The university also provides students with real world experience through its IT Security Lab. In partnership with the Naval Postgraduate School and L-3 Communications, Virginia Tech hosts the Cybersecurity Innovations Laboratory at its Arlington campus.

In one of our recent blogs, we mentioned George Mason University’s expertise as the author of the VEDP Cybersecurity Export Market Report. GMU is home to the International Cyber Center and founded the Center for Secure Information Systems in 1990, which was the first academic center in security in the U.S. and one of the NSA’s original Centers of Academic Excellence in Information Assurance Education.

To learn more about Virginia’s leadership in cybersecurity and the overall technology industry, click here.

A view of the Virginia Tech Research Center — Arlington, which houses the Northern Virginia location of the Hume Center for National Security and Technology.

Richmond’s Legend Brewing Co. Celebrates 20 Years

星期四, 27 二月 2014 14:23 by Info@YesVirginia.org
With the craft brewery movement quickly gaining speed over the last two years, Legend Brewing Co.’s 20-year history makes it Virginia’s oldest craft brewery still in operation. It is also the largest independently-owned craft brewing company in the Commonwealth...

With the craft brewery movement quickly gaining speed over the last two years, Legend Brewing Co.’s 20-year history makes it Virginia’s oldest craft brewery still in operation. It is also the largest independently-owned craft brewing company in the Commonwealth.

In January 1994, founder Tom Martin opened a small tasting room and pub off West 7th Street, then a gravel road in Richmond’s historic Old Manchester district. He started with four beers — the quickly popular Brown Ale, Lager, Pilsner and Porter.

What began as a 10-barrel brewhouse with four fermenters and four finishing tanks has grown into a 30-barrel brewhouse with 37 fermenters and 10 finishing tanks. In addition, the small tasting room has blossomed into a full restaurant with seating for 180 inside and 200 on the deck. Its location right on the James River with unobstructed views of the city skyline quickly made this a Richmond hot spot.

The rise of the farm-to-table and locally-grown movements have made the experience of visiting a craft brewery increasingly popular. Legend beers are unpasteurized and made with simple, natural ingredients — barley malt, hops, water and yeast. In addition, beer-lovers can enjoy a tour of the brewery followed by a tasting and meal, all enjoyed within an historic setting.

Legend has become a mainstay in Virginia’s ever-growing food and beverage industry because of its focus on delivering high-quality, fresh products. It is also one of the few craft breweries that produce both lagers and ales, which require a different process and ingredients.

Virginia’s beer industry has grown by leaps and bounds over the last few years. According to the Virginia Department of Alcoholic Beverage Control, there were 46 breweries in 2011. That number increased to 63 in 2012 and 75 in 2013, with most of the growth coming from the craft brewery niche. Part of that growth is attributable to Senate Bill 604, signed in May 2012, which allows beer manufacturers to sell and sample beer on their premises without obtaining a second restaurant license.

With the Brewer’s Association reporting 70 more breweries in the planning stages in Virginia, the Commonwealth’s craft brewery industry is poised to continue its positive momentum. Virginia has proven to be a successful location for entrepreneurs and food and beverage companies alike, making it an ideal choice for the craft brewery market. To learn more, click here.

Virginia Ranked Top 3 in LEED Green Building Certifications

星期一, 24 二月 2014 17:05 by Info@YesVirginia.org
The U.S. Green Building Council recently named Virginia No. 3 for LEED (Leadership in Energy and Environmental Design) certifications as part of its annual ranking...

The U.S. Green Building Council recently named Virginia No. 3 for LEED (Leadership in Energy and Environmental Design) certifications as part of its annual ranking.

LEED is one of the most well-recognized and respected green building certification programs in the world, incorporating design, construction, maintenance and operational aspects into its environmentally-friendly analysis.

More than 57,000 commercial and institutional projects currently participate in LEED, comprised of 10.5 billion square feet of construction space in 147 countries. Each day more than 1.5 million square feet of space is LEED-certified.

In 2013, Virginia had 160 projects LEED-certified, which encompassed 16.8 million square feet of space and 2.11 square feet per capita. The ranking is based on per capita numbers to allow for a fair comparison among different population levels.

The office and retail space at 1776 Wilson Boulevard in Arlington, Va., received recognition as a notable project. It is the first commercial building in Arlington to earn LEED Platinum certification.

“As the economy recovers, green buildings continue to provide for jobs at every professional level and skill set from carpenters to architects,” said Rick Fedrizzi, president, CEO and founding chair, USGBC.

Investment in green-building infrastructure creates real economic value in the form of lower energy costs up front, and the reduction in greenhouse gases ensures a sustainable future for the environment and future generations.

Virginia’s leadership in this area is yet another example of the innovative environment the Commonwealth offers to business owners. To learn more about Virginia’s unique resources that have allowed companies to prosper here for more than 400 years, click here.

VEDP Publishes Cybersecurity Export Market Report

星期五, 21 二月 2014 14:17 by Info@YesVirginia.org
This week, VEDP announced the release of its Cybersecurity Export Market Report. The report was prepared by George Mason University as part of VEDP’s Going Global Defense Initiative to help Virginia defense companies mitigate the impact of sequestration by growing their sales internationally...

This week, VEDP announced the release of its Cybersecurity Export Market Report. The report was prepared by George Mason University as part of VEDP’s Going Global Defense Initiative to help Virginia defense companies mitigate the impact of sequestration by growing their sales internationally.

The Cybersecurity Export Market Report identifies the top 10 foreign markets that provide the best opportunities for exporting cybersecurity technologies. In-depth analysis of each market includes information on political and legal issues, market size and growth, market entry strategies, competition, trade agreements, and government programs and policies.

The top 10 markets for U.S. Cybersecurity exports are:

  1. Saudi Arabia
  2. United Arab Emirates
  3. Qatar
  4. Kuwait
  5. South Korea
  6. Brazil
  7. Japan
  8. United Kingdom
  9. Australia
  10. Indonesia

George Mason University is renowned for its expertise in information systems security. GMU founded the Center for Secure Information Systems in 1990, which was the first academic center in security in the U.S. and one of the NSA’s original Centers of Academic Excellence in Information Assurance Education. GMU is also home to the International Cyber Center.

With the highest concentration of high-tech workers in the nation, Virginia is a leader in technology and its companies are at the forefront of developments in cybersecurity, including cryptography, forensics, intrusion detection and firewall devices.

In addition to an established industry base, Virginia is home to a number of federal agencies that focus on cybersecurity, including the U.S. Department of Defense, U.S. Department of Homeland Security’s National Cybersecurity and Communication Integration Center, and DARPA.

To download the Cybersecurity Export Market Report click here, and to learn more about Virginia’s leadership in technology, click here.

Broadband Access is Key to Economic Growth in Healthcare IT

星期二, 11 二月 2014 15:01 by Info@YesVirginia.org
Access to broadband and faster internet speeds has increasingly become a catalyst for economic growth. This is especially important in high-tech sectors, such as Healthcare IT, as we move further into the knowledge economy...

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

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

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

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

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

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

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

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

Virginia Values Veterans — Helping Employers Reenergize their Labor Pool

星期一, 27 一月 2014 14:15 by Info@YesVirginia.org
Virginia Values Veterans, also known as V3, is an initiative to help Virginia companies better reach out to veterans as part of their talent acquisition strategy and make Virginia the most veteran-friendly state in the country...

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

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

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

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

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

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

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

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

星期二, 14 一月 2014 16:22 by Info@YesVirginia.org
The Launch Place is bringing businesses to Southern Virginia. As the leading entity to recruit and support entrepreneurs in the Dan River Region, the organization announced its first seed fund investment in KSI Data Sciences...

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

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

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

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

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

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

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

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

星期四, 9 一月 2014 16:33 by Info@YesVirginia.org
At 1:07 p.m. today, Orbital Sciences successfully launched its first resupply mission to the International Space Station from Pad-OA of the Mid-Atlantic Regional Spaceport at NASA’s Wallops Flight Facility on Virginia’s Eastern Shore...

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

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

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

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

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

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

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

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

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

FAA Selects Virginia Tech as Test Site for Unmanned Aircrafts

星期五, 3 一月 2014 16:03 by Info@YesVirginia.org
The FAA recently announced that Virginia Tech was selected as one of six test sites across the country to conduct research on unmanned aircraft systems...

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

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

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

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

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

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

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

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

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

Dan River Region Launches Workforce Readiness Pilot Program for Virginia

星期四, 19 十二月 2013 14:48 by Info@YesVirginia.org
Companies, employees and economic development professionals in the Dan River Region have been participating in a workforce readiness pilot program in Virginia since June...

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

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

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

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

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

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

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

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

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

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

Virginia to Offer Foreign Direct Investment Expertise

星期五, 24 三月 2017 09:51 by Info@YesVirginia.org

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

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

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

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

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

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

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

Save

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

星期三, 1 二月 2017 14:25 by Info@YesVirginia.org

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

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

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

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

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

Save

Virginia Economic Developers Recognized in National Ranking

星期三, 25 一月 2017 14:20 by Info@YesVirginia.org

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

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

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

    - Pandy Brazeau, Virginia Economic Development Partnership

·         - Carrie Chenery, Shenandoah Valley Partnership

·         - Beth Doughty, Roanoke Regional Partnership

·         - Megan Lucas, Lynchburg Regional Business Alliance

·         - Buddy Rizer, Loudoun County Department of Economic Development

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

 

Save

Staying Focused on What Really Matters

星期五, 16 十二月 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

Save

Save

Getting to Know: New River Valley

星期四, 1 九月 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.

Save

Save

Tags:   , , ,
Categories:  
Actions:   E-mail | Permalink | 评论 (0) | Comment RSSRSS comment feed

Virginia’s Woodworking Industry Provides Solid Foundation

星期五, 26 八月 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.

Save

Save

Save

Foreign Direct Investment Makes Massive Job Impact on Virginia

星期四, 23 六月 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.

Save

Sumitomo Machinery Corporation Celebrates 50 Years in North America

星期五, 3 六月 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

星期四, 26 五月 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

星期三, 18 五月 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

星期四, 12 五月 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.

 

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
YesVirginia Business Blog | July 2011

A Successful Tomorrow Starts Today

Thursday, 7 July 2011 11:31 by Info@YesVirginia.org

With the changing economic landscape, companies both large and small are increasingly relying on a skilled and educated workforce. Higher technological competencies and experience with service-oriented positions are just a few of the skills employers are looking for to ensure their business’ success.

Preparing students to enter this business environment is an important task and one that Frederick County and Winchester, Virginia are taking seriously. Check out the video below on how educators, employers, and government officials are equipping students to thrive in tomorrow’s workforce.

Categories:  
Actions:   E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.