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

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

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

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

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

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

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

Virginia’s Renewable Energy Industry Expands

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

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

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

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

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

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

Alpha Natural Resources Opens Headquarters in Bristol Virginia

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

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

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

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

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

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

Made in America - Virginia's Plastics Industry Expands Again

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

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

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

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

Dulles International Airport Delivers More than Passengers

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

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

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

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

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

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

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

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

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

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.

 

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

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

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

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.

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

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.

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

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.

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

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.

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

None

© Copyright 2018

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.
YesVirginia Business Blog | A place for news, opinions, and information regarding the Virginia Economic Development Partnership.

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

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

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

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

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

Virginia is able to attract leading plastics companies due to its strategic East Coast location, world-class transportation system, competitive operating costs and its highly skilled workforce, referenced above.  Virginia’s higher education system offers a number of training programs to meet the needs of the plastics industry. Those programs include the High Performance Manufacturing Technician certification offered through the Virginia Community College System, the Certificate in Polymer Manufacturing Processes at Danville Community College, the Advanced Manufacturing and Packaging Technology curriculum at Dabney S. Lancaster Community College, and the Center for High Performance Manufacturing and the Macromolecules and Interfaces Institute, both at Virginia Tech.

With more than 200 plastics companies operating in the Commonwealth, Virginia actively participates in industry events, such as the Plastics News Executive Forum and the upcoming National Plastics Expo in Orlando, Fl., from April 2-5. Come visit VEDP at booth #174 to learn more about Virginia’s strengths in the plastics industry.

U.S. Secretary of Commerce Visits Virginia Company Paramount Industrial Cos.

Monday, 6 February 2012 09:32 by Info@YesVirginia.org

U.S. Secretary of Commerce John Bryson recently toured the factory floor of Paramount Industrial Cos., located in Norfolk, Va. The visit came a day after President Obama’s State of the Union address, in which the President emphasized the importance of building the U.S. manufacturing base and keeping these jobs stateside.

Paramount Industrial is the first national mattress manufacturer to be Made in USA Certified®. Established during the Great Depression, Paramount Industrial is a third-generation, family-owned business that has been part of the Norfolk community since 1933. The company’s mattress line includes: A.H. Beard, Back Performance, Boutique Hotel, GoodNite Kids, Heavy Duty, Nature’s Spa, Quilt O PEDIC and Sleep for Success.

With mattress sales correlated to the housing market, Paramount Industrial has investigated ways to expand into international markets. Working with the Virginia Economic Development Partnership (VEDP), the company has visited China on multiple occasions to pursue sales opportunities. This past July, Paramount Industrial was accepted into VEDP’s Virginia Leaders in Export Trade (VALET) program as part of its 20th class. The award-winning VALET program assists established Virginia companies with their global marketing efforts through a two-year business acceleration program. Through marketing trips and introductions to a team of international service providers, companies experience an 88 percent increase in international sales, on average.

To learn more about VEDP’s programs helping Virginia companies to export across the globe click here. Or if you’re an international company interested in locating in Virginia click here.

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

CCAM Receives 2012 Manufacturing Leadership 100 Award

Friday, 27 January 2012 14:53 by Info@YesVirginia.org
Virginia’s Commonwealth Center for Advanced Manufacturing (CCAM) recently won a 2012 Manufacturing Leadership 100 Award (ML100) in the category of New Workforce. The awards are presented by Manufacturing Executive, a division of Thomas Publishing LLC of New York.

Virginia’s Commonwealth Center for Advanced Manufacturing (CCAM) recently won a 2012 Manufacturing Leadership 100 Award (ML100) in the category of New Workforce. The awards are presented by Manufacturing Executive, a division of Thomas Publishing LLC of New York.

Created eight years ago, the ML100 Awards recognize excellence, innovation and transformational projects in the field of manufacturing. The New Workforce category seeks to honor companies that “have come up with innovative ways to bring new workers with critically needed new skills into the workplace, and to allow them to productively collaborate with and learn from existing knowledge experts. Winning projects, for example, will involve education and training, knowledge management and transfer, and collaboration with educational institutions,” according to Manufacturing Executive.

The award criteria is a near perfect description of CCAM, which brings together leading manufacturing companies and top educational institutions to collaborate and develop new technologies that result in a more efficient manufacturing process. Canon Virginia Inc., Chromalloy, Newport News Shipbuilding, Rolls-Royce, Sandvik Coromant and Siemens are a few of the market leading companies that participate in the program with the University of Virginia, Virginia Tech and Virginia State University. CCAM’s research efforts focus on developing solutions for surface engineering and manufacturing systems. Research is already underway in labs at UVA and Virginia Tech while CCAM's 60,000 square-foot, high-technology facility is expected to open in September 2012 in Prince George County, Va.

To learn more about Virginia’s internationally recognized R&D facilities and why companies choose Virginia for its access to cutting-edge research and technology, click here.

Virginia’s Community College System Receives Innovation in Government Award

Thursday, 19 January 2012 15:29 by Info@YesVirginia.org
Virginia’s Community College System was recently awarded the Innovation in Government award for the development of an online career and educational tool called the Virginia Education Wizard.

Virginia’s Community College System was recently awarded the Innovation in Government award for the development of an online career and educational tool called the Virginia Education Wizard. The award was given by the L. Douglas Wilder School of Government and Public Affairs at Virginia Commonwealth University as part of its Excellence in Virginia Government Awards, recognizing outstanding contributions that have a significant impact on Virginia’s citizens.

The Virginia Education Wizard, located at www.vawizard.org, allows users to narrow down their choice of career by taking a number of interest, value and skill assessment tests. It then provides information on colleges offering programs in the targeted subject area. The site also offers students and parents information on planning for college, including test preparation and financial aid. This is all accomplished with the assistance of an online guide, named Ginny, who walks users through each step.

Developed by Chmura Economics & Analytics in tandem with IT professionals at Virginia’s Community Colleges, the website pulls in real-time market data from Chmura Economics & Analytics. Since its launch in March 2009, more than 314,000 individual accounts have been created. The site also topped one million visits in August 2011. The tool is successfully being used not only by high school students, but also by career coaches and guidance counselors, as it provides one location with everything needed for the college planning process.

The success of the Virginia Education Wizard illustrates the strength of Virginia’s excellent education system, preparing a highly skilled workforce to support a wide variety of industry needs. Virginia’s Community College System was developed more than 40 years ago and provides occupational and technical training programs through its 23 schools across 40 campuses. With nearly half a million students taking classes each year, companies located in Virginia have access to a steady stream of highly trained employees.

To learn how Virginia’s quality workforce can support your industry click here.

Virginia’s Region 2000 Wins Public-Private Partnership Award

Tuesday, 17 January 2012 15:47 by Info@YesVirginia.org
Region 2000, representing the 2,000 square miles surrounding Lynchburg, Va., received the Public-Private Partnership award for its work in establishing a collaborative environment between leading businesses and educational institutions to foster regional economic development.

Region 2000, representing the 2,000 square miles surrounding Lynchburg, Va., received the Public-Private Partnership award for its work in establishing a collaborative environment between leading businesses and educational institutions to foster regional economic development. The award is part of the Excellence in Virginia Government Awards given by the L. Douglas Wilder School of Government and Public Affairs at Virginia Commonwealth University.

Region 2000 partners with six organizations to provide economic development, regional planning, workforce training and networking opportunities for the Lynchburg area. One of its newest organizations is the Center for Advanced Engineering and Research (CAER), a R&D center established to provide local companies with access to university research to speed the development of innovative products and technologies.

The Center for Advanced Engineering and Research opened in August 2011 and currently comprises three facilities. First, the CAER Research and Education Facility, located at New London Business and Technology Park in Bedford County, includes a nuclear power plant room simulator, three-dimensional simulation computing capability, research labs and a cognitive radio test room. Second, CAER operates a Wireless Test Facility in conjunction with Liberty University. This Open Area Test Site, originally developed by Ericsson, is designed to conduct Electro Magnetic compatibility testing. Third, the Wireless Sensor Lab operates as a partnership between CAER, the University of Virginia and Central Virginia Community College. This Multiscale Agile Systems Technology Lab supports the research of motes and other miniature electronic devices.

The CAER is a prime example of the many public-private partnerships established across Virginia to expedite innovation in the technology, advanced manufacturing and energy sectors. To learn more about Virginia’s key business sectors click here.

Below  - Governor L. Douglas Wilder congratulates Region 2000 Economic Development Council Director Bryan David.

Virginia – A Leader in High-Tech

Wednesday, 11 January 2012 15:37 by Info@YesVirginia.org
Virginia adds to its dominance in the high-tech sector by winning the new headquarters location for Acentia, a premier provider of technology and management solutions for both federal and commercial customers, which has moved from Maryland to its new home in Fairfax County. The project includes a $3.1 million investment and the creation of 60 new jobs for the Commonwealth.

Virginia adds to its dominance in the high-tech sector by winning the new headquarters location for Acentia, a premier provider of technology and management solutions for both federal and commercial customers, which has moved from Maryland to its new home in Fairfax County. The project includes a $3.1 million investment and the creation of 60 new jobs for the Commonwealth.

While high-tech is often associated with the Silicon Valley, Virginia actually has the highest concentration of high-tech companies in the country. That’s according to the recently-released Enterprising States 2011: Recovery and Renewal for the 21st Century prepared by Praxis Strategy Group and Joel Kotkin for the U.S. Chamber of Commerce. In 2010 there were 12,999 high-tech firms in Virginia in industries such as Computer Systems Design Services, Engineering Services, Semiconductor and Related Device Manufacturing and Software Publishing. Over the last five years, Virginia’s high-tech sector has grown by 2,305 firms.

In addition to having the highest concentration of high-tech firms, Virginia also has the nation’s highest concentration of high-tech workers, according to the trade publication Cyberstates 2011. High-tech sector jobs grew to 277,575, up 6.7 percent in the Commonwealth from 2005 to 2010. Even more impressive, during this same time period high-tech employment fell by 6 percent nationwide.

Possessing a highly skilled IT workforce was an important part of winning the Acentia headquarters location for Virginia. According to Acentia CEO Todd Stottlemyer, “Fairfax County gives us access to the highly-skilled technical staff and management consultants we need to continue to provide essential services to our customers. As a company with very aggressive growth plans, we are excited about the possibilities that moving our headquarters to Virginia presents to our customers and the entire Acentia team. Our new space should be a springboard to a great 2012 for Acentia.”

To learn why Acentia and other high-tech companies such as CSC, General Dynamics and Northrop Grumman have all chosen Virginia, click here.

Enviva Launches First Shipment from Virginia’s Port of Chesapeake

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

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

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

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

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

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

Amazon.Com Brings 1,350 New Jobs to Virginia

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Virginia BioTechnology Research Park Expands Its Reach Across Virginia

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

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

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

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

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

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

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

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

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

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

Capstone Integrated Machining Technology Program Comes to Danville

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Virginia’s leadership as an innovator in this area illustrates the strong quality of life and cutting edge environment the Commonwealth offers to companies and their workforces. To learn why busines YesVirginia Business Blog | All posts tagged 'nuclear'

AREVA Opens U.S. Technical Center in Campbell County, Virginia

Friday, 5 October 2012 11:29 by Info@YesVirginia.org
AREVA, a leader in nuclear and sustainable energy, celebrated the ribbon cutting of the new AREVA U.S. Technical Center this September. The center, located in Campbell County, Va., opens just seven months after the company broke ground on the project which brings a $7 million capital investment.

AREVA, a leader in nuclear and sustainable energy, celebrated the ribbon cutting of the new AREVA U.S. Technical Center this September. The center, located in Campbell County, Va., opens just seven months after the company broke ground on the project which brings a $7 million capital investment.

The U.S. Technical Center will add to AREVA’s existing Solutions Complex, the largest collection of nuclear testing and service offerings in the U.S. The state-of-the-art U.S. Technical Center offers full-service nuclear safety testing, including a seismic analysis laboratory, environmental chambers, metallurgic and chemical labs, and industrial ovens.

AREVA provides customized solutions for efficient low-carbon power generation, which allow electric utilities to adapt quickly to new and changing regulations.

Home to a highly skilled and well educated workforce, Virginia has the personnel needed to fuel AREVA’s continued growth. In fact, Virginia companies employ the one of the highest concentration of doctoral scientist and engineers in the country.

Virginia’s ideal combination of abundant natural resources, excellent location for global access, and strong workforce draw energy leaders like AREVA and helps establish the Commonwealth as the Energy Capital of the East Coast.

To learn more about Virginia’s top workforce and leading role as Energy Capital of the East Coast click here.

The Power of the Future Belongs to Virginia

Monday, 6 July 2009 13:22 by Info@YesVirginia.org

Check out Virginia Business Magazine’s latest issue for a comprehensive article about Virginia’s nuclear industry.

It makes for a good read. The article underscores Virginia’s efforts to maintain a strong base of power generation from various traditional sources, while a variety of renewable resources and their associated technologies take on a larger share of the power-generation picture.

There’s no doubt the Commonwealth views nuclear as a key pillar of our unique generation and power reliability story. The power of the future belongs to Virginia. Home to three of the top global players in the energy sector (AREVA NP, Babcock & Wilcox and Northrop Grumman Shipbuilding) and a plethora of national players, Virginia’s cluster of technology, workforce and corporate businesses positions the Commonwealth as a leader in clean energy and advanced manufacturing of components for the energy sector. The vertical integration of Virginia’s assets—from workforce to real estate to research & development, to regulatory climate and proximity to market—means that energy-related companies can grow in a business climate that is prepared to sustain their competitiveness for the long term.

The article highlights the groundbreaking of the new AREVA Newport News project, a joint venture with Northrop Grumman Shipbuilding to manufacture equipment and pressure vessels for the nuclear industry. Governor Kaine will join AREVA and Northrop Grumman officials later this month for the groundbreaking ceremony in Newport News. Also discussed are several industry firsts that are happening right here in the Commonwealth: Babcock & Wilcox’s plans to develop a scalable, modular game-changing nuclear reactor, Dominion Virginia Power’s plans to build one of the first new nuclear reactors in the U.S. in three decades, and Virginia Commonwealth University is the first state university to add a nuclear engineering track to its masters engineering degree program.

The Commonwealth’s energy sector already employs more than 31,000 people, and Virginia ranks second in the number of nuclear engineers. We see both of those figures growing by leaps and bounds in the coming years, thanks to programs such as PRODUCED in Virginia (Providing Undergraduate Connections to Engineering Education in Virginia) and important strategic investments like that of the Virginia Tobacco Commission toward R&D facilities and research contracts, mainly around energy.

With help from a state interagency energy task force, VEDP is actively seeking project opportunities across the full spectrum of traditional and alternative energy resources. For more information about operating your energy facility in Virginia, visit us at www.YesVirginia.org or contact Mike Carruth at mcarruth@yesvirginia.org.

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 2018

h in Philadelphia this week by showcasing local breweries during BrewExpo America, the country’s largest craft brewery industry gathering.

America’s beer-brewing tradition began more than 400 years ago in historic Jamestown. Today, more than 130 licensed breweries call Virginia home and have an economic impact of $1 billion. The Commonwealth’s craft brewing industry began to flourish in 2012 when a new state law allowed breweries to sell their beer for on-premises consumption. In 2015, Virginia craft brewers produced 274,111 barrels of beer – 346% more than in 2011.

Across the Commonwealth, communities are engaged in helping the craft beer industry thrive. Virginia Tech hosts the largest, and one of few remaining, barley breeding programs in the eastern U.S. The university is also home to a state-of-the-art, new brewhouse and malting system to support industry research in fermentation and brewing.

The first commercial-scale hops drying and pelletizing facility in the Mid-Atlantic was created by Lucketts Mill & HopWorks at Black Hops Farm in Loudoun County. Michigan-based Pilot Malt House announced the opening of its second artisan craft malting operation in Loudoun County in 2015 at Black Hops Farm. The project is a collaboration between the Commonwealth, Loudoun County and Pilot Malt House and includes funding from the Governor’s Agriculture and Forestry Industries Development Fund.

Richmond’s Hardywood has been a key player in Virginia’s thriving craft beer industry. Founded by lifelong friends, Hardywood has been brewing beer since 2011. The brewery’s beers have earned international praise with medals at the World Beer Cup and Great American Beer Festival in addition to receiving a rare 100 rating by BeerAdvocate Magazine. Hardywood was rated Virginia's Top Brewery by RateBeer.com users and Thrillist.com recognized it as Virginia’s Best Brewery. The Greater Richmond Chamber Business Council awarded Hardywood the Business of the Year Award in 2013.

In Alexandria, Port City Brewing Company opened its brewery in January 2011 to create more options for quality, locally produced craft beer to Northern Virginia. Port City Brewing Company was named Small Brewing Company of the Year at the 2015 Great American Beer Festival in Denver, and has received numerous awards and recognition since 2011.

Virginia is proud to showcase its craft beer assets and local breweries at BrewExpo America. Governor Terry McAuliffe hosted a Virginia craft beer reception along with the Virginia Economic Development Partnership, the Virginia Department of Agriculture and Consumer Services, Virginia’s craft brewing community and our partners.

As we celebrate Virginia Business Appreciation Month, the craft beer industry serves as a great example of the passion and dedication of Virginia entrepreneurs. To learn why the Commonwealth is a great location to grow a business, click here.


Virginia team during BrewExpo America 2016

Mechatronics Curriculum Likely to Give Mega Boost to Roanoke’s Workforce Pipeline

Wednesday, 6 April 2016 10:03 by Info@YesVirginia.org

The Roanoke Valley Region has recently become a magnet for the automotive industry.

Italy-based ELDOR Corporation, a leading automotive supplier of ignition coils and systems, engine and electronic control units and full systems for hybrids, is the latest company to establish an operation in Botetourt County. A major deciding factor for the company was the region’s skilled workforce.

Thanks to Virginia Western Community College’s (VWCC) advanced technology education programs, there is a strong pipeline of skilled workers to serve the area’s growing automotive industry. VWCC offers an Associate degree in Applied Science with a focus on Mechatronic Systems Engineering Technology—a cross-discipline that combines mechanical, electrical and computer engineering to meet high performance manufacturing industry standards. The community college also offers a Siemens Mechatronic Systems Certification Program to prepare students to work in the ever-growing complex technology industry. 

Students have access to the Fab Lab at VWCC, giving them digital fabrication resources as a platform for their own innovation and inventions. Automated Manufacturing instructor Daniel Horine showcased VWCC’s impressive equipment and training capabilities following the Governor’s ELDOR announcement last month. Attendees, including ELDOR’s executive team, got a personal tour of the community college’s Fab Lab.

The Mechatronics program at VWCC is a great testament to how higher education works to provide students with industry specific skills and create a steady workforce pipeline for area employers. To learn more about Virginia’s 23 community colleges, located on 40 campuses around the state, click here.


VWCC Automated Manufacturing instructor Daniel Horine gives ELDOR executives a tour of the Fab Lab.

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

Governor McAuliffe Signs Memorandum of Understanding with Jeollanam-do Provincial Government to Enhance Economic Activity

Thursday, 25 February 2016 09:58 by Info@YesVirginia.org
Governor McAuliffe Signs Memorandum of Understanding with South Korea’s Jeollanam-do Provincial Government to strengthen economic and cultural ties. VEDP joined Virginia Secretary of Commerce and Trade Maurice Jones, Virginia Secretary of Agriculture and Forestry Todd Haymore at the signing ceremony, and look forward to enhancing economic activity.

Governor McAuliffe Signs Memorandum of Understanding with South Korea’s Jeollanam-do Provincial Government to strengthen economic and cultural ties.

VEDP joined Virginia Secretary of Commerce and Trade Maurice Jones, Virginia Secretary of Agriculture and Forestry Todd Haymore at the signing ceremony, and look forward to enhancing economic activity.

The Commonwealth and Jeollanam-do Province share a common desire to exchange information to enhance mutually beneficial economic and cultural activity, including research and development, governmental collaboration, and other related activity pertaining to growth industries, including information and communication technology, agriculture, logistics, energy, and other areas within the global market.

Over the past four decades, the Republic of Korea has demonstrated incredible economic growth and global integration to become a high-tech industrialized economy. Today, the Republic of Korea is the world's 12th largest economy, and ranks 12th among Virginia export destinations. Some of the top opportunities for U.S. exporters in South Korea include:

  • Aerospace Industry
  • Defense Industry Equipment
  • Cosmetics
  • Energy: New and Renewable
  • Medical Equipment
  • Laboratory Scientific Instruments
  • Pollution Control Equipment
  • Education Services

This agreement solidifies the importance of leveraging partnerships in order to build a new Virginia economy. To learn more about Virginia’s global focus, click here.


Governor Terry McAuliffe and Governor Nak Yon Lee of Jeollanam-do Provincial Government celebrate signing of MOU.

Plastics Industry Thrives in Virginia

Wednesday, 17 February 2016 12:52 by Info@YesVirginia.org
This week, VEDP sponsored and attended the Plastics News Executive Forum in Naples, Florida. We had the opportunity to talk with many of the world’s top plastics processors and share the benefits of doing business in Virginia.

This week, VEDP sponsored and attended the Plastics News Executive Forum in Naples, Florida. We had the opportunity to talk with many of the world’s top plastics processors and share the benefits of doing business in Virginia.

Virginia’s strategic mid-Atlantic location and superior transportation network provide access to 43% of the U.S. population within a one-day (10 hour) drive. These assets combined with our competitive operating costs make an ideal location for plastics companies.

The Port of Virginia is a leading gateway to the global market, offering direct connection to over 100 foreign ports. The Port offers the single best infrastructure on the East Coast with no overhead obstructions, on-dock rail service, easy access to ocean lanes, and is the only East Coast port with Congressional authorization to dredge to 55 feet.

Virginia is home to over 200 plastics companies that employ more than 20,300 Virginians. A few companies who call Virginia home include Rubbermaid, TREX, General Packaging, Klockner Pentaplast, Hanwha Azdel and Variform.

Since 2005, plastics and advanced materials companies have invested $1.01 billion and created more than 4,600 new jobs in Virginia. To learn more about Virginia’s plastics industry, click here.

 
Panel of plastics professionals during the Plastics News Executive Forum.