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

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

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

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

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

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

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

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

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

Leading Global Satellite Services Provider Intelsat Moves Headquarters to Virginia

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

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

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

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

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

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

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

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

Latin American Subsidiary Phoenix Packaging Continues Growth in Pulaski County

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

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

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

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

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

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

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

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

Rolls-Royce Announces Second Facility on Virginia Crosspointe Campus

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

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

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

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

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

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

With ample space and a robust, industrial-grade infrastructure for additional facilities, Rolls-Royce’s Crosspointe Campus is poised to attract suppliers and continue its growth as a leading center for advanced manufacturing.

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

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

HanesBrands Inc. Expands in Patrick County

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

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

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

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

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

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

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

WEIGHTPACK Moves Headquarters from Italy to Virginia

Thursday, 15 November 2012 14:47 by Info@YesVirginia.org
WEIGHTPACK Inc. recently announced plans to move its headquarters from Italy and expand its existing operation in Powhatan County, Va. The project will bring a $2.6 million investment and 35 new jobs to the Central Virginia region...

WEIGHTPACK Inc. recently announced plans to move its headquarters from Italy and expand its existing operation in Powhatan County, Va. The project will bring a $2.6 million investment and 35 new jobs to the Central Virginia region.

WEIGHTPACK is a packaging machinery company that designs and builds complete lines for the filling and capping of liquid product containers, with applications in the beverage, home care, personal care, pharmaceutical and chemical industries.

The company has operated in Powhatan since 2001, and the decision to move its global headquarters to the same location illustrates how well Virginia’s business environment, workforce, and logistics infrastructure compete at a global level.

The Powhatan location is poised to become a major production hub as the company transitions to a more vertically integrated supply chain, providing for growing customer demand in the North and South American and Asian markets.

Powhatan County’s strong quality of life and access to Virginia’s world-class transportation network make it a premier location. WEIGHTPACK has historically used the international Port of Virginia for importing component parts. With the expansion of the production facility, the company expects to increase its exports through the port to reach international markets.

As global companies continue to bring high technology, manufacturing jobs to the U.S., Virginia stands ready to fulfill industry needs with a strong pipeline of highly-skilled, advanced manufacturing employees.

To learn more about Virginia’s advanced manufacturing capabilities and why more than 6,000 manufacturing establishments have located in the Commonwealth, click here.

CCAM Opens Facility in Prince George County, Virginia

Wednesday, 14 November 2012 10:09 by Info@YesVirginia.org
The Commonwealth Center for Advanced Manufacturing (CCAM) received its full certificate of occupancy and opened its facility in Prince George County, Va., this September. CCAM has been steadily growing both in members and machinery and is expected to host a grand opening event in spring 2013...

The Commonwealth Center for Advanced Manufacturing (CCAM) received its full certificate of occupancy and opened its facility in Prince George County, Va., this September. CCAM has been steadily growing both in members and machinery and is expected to host a grand opening event in spring 2013.

CCAM has added three Tier 2 and three Tier 3 industry members over the last few months, bringing the total number of participating companies to 14.

The applied research center includes a high bay area, five machining labs, five computational labs, a visualization lab, meeting rooms with conferencing ability, open and modular workstations, and a cafeteria.

With participation from its industry partners and university members, engineers at the center are currently working on 10 research projects. One project involves adaptive machining, which uses specialized equipment to measure and make adjustments in real time as components are being manufactured, leading to improved performance and lower costs.

Another project incorporates multi-modal part inspection, which uses imagery to obtain information and identify small defects early in the manufacturing process, allowing any issues to be fixed before entering into high-rate production.

CCAM is another example of the public-private partnership between Virginia’s leading universities and world-class manufacturing companies to bring real-world solutions to the market more quickly. To learn more about CCAM, visit www.ccam-va.com.

CCAM’s high bay area includes a Laser Powder Deposition Machine and the Sulzer Metco Thermal Spray Cell, pictured below.

STEM Mobile Learning Lab—A Vehicle for Educating Virginia Students

Tuesday, 13 November 2012 13:45 by Info@YesVirginia.org
Since going on the road in spring 2010, the STEM Mobile Learning Lab has hosted 15,000 visitors from more than 300 locations. The lab offers numerous hands-on experiments as a method of educating K-12 students and members of the community in STEM subjects—science, technology, education and math...

Since going on the road in spring 2010, the STEM Mobile Learning Lab has hosted 15,000 visitors in more than 300 locations. The lab offers numerous hands-on experiments as a method of educating K-12 students and members of the community in STEM subjects—science, technology, education and math.

The STEM Mobile Learning Lab was established by the Institute for Advanced Learning and Research (IALR), a research, education and conference institute based in Danville, Va.

The 38-foot trailer contains multiple work stations, a clean area for experiments and a movie screen. Its impressive equipment list includes several laptops, high resolution microscopes, an HDTV video monitor, and additional demonstration gear. 

The STEM Mobile Learning Lab offers experiments in the areas of nanotechnology and renewable energy. Leading by example, the flex-fuel truck that tows the lab can run on either diesel fuel or cooking oil.

Using the STEM Mobile Learning Lab, students can participate in experiments that compare the energy efficiency of CFL and incandescent light bulbs, see how wind and solar power work, learn about energy conservation and how to weatherize doors and windows, and even look at microscopic particles on their own skin.

Preparing students to join the Commonwealth’s world-class workforce in the growing fields of science, technology, engineering and math is key to keeping Virginia at the top. According to Cyberstates 2011, Virginia has the nation’s highest concentration of high-tech workers.

To learn more about Virginia’s premier education system and quality workforce, click here.

Students use high resolution microscopes to participate in one of the many hands-on experiments offered by the STEM Mobile Learning Lab.

VEDP Releases Exporting Guide for Service Companies

Tuesday, 6 November 2012 09:18 by Info@YesVirginia.org
VEDP’s International Trade division recently released an exporting guide focused on the unique needs of service companies called “Exporting Services: A Guide for New Exporters”...

VEDP’s International Trade division recently released an exporting guide focused on the unique needs of service companies called “Exporting Services: A Guide for New Exporters.”

Some of the issues addressed in the guide include assessing export readiness, understanding export regulations, identifying a target market, protecting intellectual property, acquiring work permits and certifications, developing a market entry strategy, and negotiating financing and payment terms.

The services industry is thriving in Virginia—professional, scientific and technical services was the top sector for job creation in 2011, announcing 12,769 new jobs. With human capital as the major input, it’s no surprise that Virginia’s highly skilled workforce has proved to be a key advantage in growing this sector.

According to The Brookings Institution, Virginia’s service exports accounted for 42.6 percent of the state’s total exports in 2010, illustrating an opportunity to grow Virginia’s exports in a sector where the Commonwealth has the resources to leverage its success into international markets.

Helping Virginia companies grow sales overseas not only benefits Virginia businesses, but it also creates jobs at home. According to The Brookings Institution, Virginia exports supported more than 236,000 jobs in 2010.

To learn how VEDP’s International Trade division can help your company grow, go to www.exportvirginia.org.

Celanese Corp. Converts Giles County Celco Plant to Natural Gas

Friday, 2 November 2012 10:15 by Info@YesVirginia.org
Fortune 500 company Celanese Corp. just announced it will invest $150 million to convert its Celco Plant in Giles County, Va., from coal-fired to natural-gas fired boilers. The project will create 22 new full-time jobs, as well as employ an estimated 200 construction workers...

Fortune 500 company Celanese Corp. just announced it will invest $150 million to convert its Celco Plant in Giles County, Va., from coal-fired to natural-gas fired boilers. The project will create 22 new full-time jobs, as well as employ an estimated 200 construction workers.

Celanese Corp. is a global technology leader engaged in the production of specialty materials and chemical products used in a wide variety of industries and applications. The Virginia Celco Plant has helped make the company a leading producer of cellulose acetate tow, used in filter media.

The Celco Plant first established operations in Giles County, Va., in 1939 and is the largest employer in the county. Positioned along the New River and Route 460, this location offers the unique combination of a picturesque setting between the mountains, easy access to I-81, and close proximity to Virginia Tech and the region’s skilled and educated workforce.

This investment will allow the company to reduce its greenhouse gas emissions while updating equipment to improve its energy efficiency—two goals aligned with the company’s core values of sustainability and operational excellence.

This project continues the positive trend of Virginia manufacturers making significant investments to upgrade to more environmentally-friendly sources of energy. Last year, MeadWestvaco announced plans to invest $285 million to construct a new, state-of-the-art biomass boiler at its Covington plant, and just last week RockTenn hosted a ribbon-cutting ceremony to celebrate the completion of a natural gas pipeline to its West Point mill.

To learn why leading manufacturers continue to invest in the Commonwealth, bringing more than $13.8 billion in projects over the last decade, click here.

A view of the Celco Plant from across the New River.

VEDP Launches “YesVA” App

Thursday, 1 November 2012 13:48 by Info@YesVirginia.org
Today, VEDP launched the YesVA app for iPad, iPhone and Android devices available for download by visiting www.YesVirginia.org/app or through the App Store and Google Play Store...

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

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

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

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

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

A view from the main screen of the YesVa app.

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Virginia Economic Development Partnership is the Best State for Business

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

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Forbes.com Names Virginia A Best State for Business

Wednesday, 12 November 2014 17:41 by Info@YesVirginia.org
Virginia has done it again, receiving another top ranking on the Forbes.com annual Best States for Business study. Virginia ranked No. 4 this year and had previously held the No. 1 or 2 spot since the inception of the study in 2006. While we are accustomed to a higher billing, Virginia is honored to receive the continued recognition from Forbes as a best state for business...

Virginia has done it again, receiving another top ranking on the Forbes.com annual Best States for Business study. Virginia ranked No. 4 this year and had previously held the No. 1 or 2 spot since the inception of the study in 2006. While we are accustomed to a higher billing, Virginia is honored to receive the continued recognition from Forbes as a best state for business.

The Forbes.com ranking is based on six categories pulled from 36 points of data — costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life.

Highlights for the Commonwealth of Virginia include the No. 1 ranking for its regulatory environment. Forbes.com touted Virginia’s strong incentive offerings and business-friendly government policies.

Virginia ranked No. 2 for labor supply and was the top state on the East Coast. The Commonwealth’s skilled and well-educated workforce has long been esteemed by Virginia companies as a key component in their success. In addition, Virginia has the highest concentration of high-tech workers according to the TechAmerica Foundation’s Cyberstates 2013.

Virginia received a No. 5 ranking for quality of life. The Commonwealth’s favorable cost of living combined with access to natural resources, from the ocean to the mountains, and its historical, cultural and sports and entertainment offerings make Virginia a great place to live and work.

Concern over the effects of sequestration led to a lower score in the growth prospects category, ultimately affecting Virginia’s overall ranking this year. The growth prospects category includes a five-year forecast from Moody’s Analytics.

VEDP and the Virginia economic development community have long realized the potential impact of sequestration to our economy, and today’s No. 4 ranking further illustrates the new economic challenge facing Virginia.    

The Commonwealth is committed to attracting new jobs and capital investment, and cultivating new economic growth through a proactive and aggressive economic development program. Initiatives like VEDP’s Going Global Defense Initiative, which helps Virginia defense companies mitigate the impact of federal spending cuts by launching an international strategy and growing revenue in markets overseas, will play an important role as we build a new Virginia economy.

In the meantime, Virginia takes pride in our strong showing in the 2014 Forbes.com Best States for Business report. We continue to be ranked a best state because Virginia offers a business-friendly environment, favorable operating costs, a top workforce and premier East Coast location and transportation network. To learn why companies have prospered in the Commonwealth for more than 400 years, click here.

Photo courtesy of Virginia Tourism Corp.

Global Center for Automotive Performance Simulation Established in Halifax County

Friday, 7 November 2014 16:14 by Info@YesVirginia.org
The Global Center for Automotive Performance Simulation was recently established in Halifax County, Va., through the merging of the National Tire Research Center and SoVa Motion...

The Global Center for Automotive Performance Simulation was recently established in Halifax County, Va., through the merging of the National Tire Research Center and SoVa Motion.

The facility will remain at the Virginia Motorsports Technology Park, adjacent to the Virginia International Raceway, which is the longest motorsports road course in the U.S. with 4.2 miles of tarmac.

The National Tire Research Center was established in 2010 through a public-private partnership among the Virginia Tech Transportation Institute, General Motors, the Institute for Advanced Learning and Research, and the Virginia Tobacco Indemnification and Community Revitalization Commission.

The tire center houses the Flat Trac LTRe, an $11.3 million, high-performance tire testing machine that allows speeds of 200 mph on car, truck and motorsports vehicles. Due to strong customer demand, the center has grown from 13 to 26 employees, and expects to expand beyond 30 employees over the next year.

NTRC has previously partnered with SoVa Motion (Southern Virginia Vehicle Motion Lab), which is operated by the Virginia Tech Transportation Institute. SoVa Motion has an eight-post shaker rig and driving simulator which can replicate various road conditions and many of the world’s racing tracks to test driver performance, shock and suspension reaction, on-vehicle sensing, as well as virtually prototype vehicle components.

While the facilities have served major U.S. customers, such as General Motors, Goodyear Racing and NASCAR, rebranding as GCAPS reflects the increasing global scope of their customer base.

GCAPS will also build upon the success of its math modeling and simulation capabilities by adding a virtual design and integration laboratory. The facility will provide full performance testing of highway and racetrack vehicles in both physical and virtual environments.

GCAPS is a key part of Virginia’s Motorsports Alley and augments the Commonwealth’s strengths in the automotive industry. To learn why more than 150 automotive companies call Virginia home, click here.

Executive Director Frank Della Pia appears next to a tire testing machine at the newly-branded Global Center for Automotive Performance Simulation in Halifax County, Va. Photo courtesy of the Global Center for Automotive Performance Simulation.

VEDP Releases Two New Marketing Tools for Mobile Devices

Friday, 31 October 2014 15:26 by Info@YesVirginia.org
VEDP recently released two new marketing tools for use on mobile devices. First, the YesVA App version 2.0 was released to the Apple App Store. For those who have already downloaded the original app to your iPad or iPhone, you can obtain the new version in the Updates section of the App Store...

VEDP recently released two new marketing tools for use on mobile devices.

First, the YesVA App version 2.0 was released to the Apple App Store. For those who have already downloaded the original app to your iPad or iPhone, you can obtain the new version in the Updates section of the App Store.

New features for the YesVA App version 2.0 include:

  • Overall redesign to iOS 7 standards for design and user interface
  • The ability to filter properties by region
  • Better property grouping and functionality in map view
  • Better search functionality which matches the search function of the VirginiaScan desktop version

There were no changes made to the Android version. For those who have never downloaded the app, links to both the Apple and Android versions are available at http://www.YesVirginia.org/aboutus/app.

Second, we have also released the VEDP iBook. This interactive sales tool allows economic development professionals to present to clients on the road using only an iPad. The VEDP iBook links directly to VirginiaScan for property searches and the Compare Virginia tool for side-by-side comparisons between Virginia and other states and MSAs on key economic metrics.

Content also includes video testimonials from C-level industry peers and interactive graphical presentations of Virginia’s premier assets, including our workforce, infrastructure and transportation network.

These interactive tools are another demonstration of the innovation that is alive and well in the Commonwealth. We hope these will assist our economic development partners in marketing Virginia as the best state for business to companies across the globe. To learn more, click here.

A view of the VEDP iBook homepage.

Williamsburg-James City County School System Hosts Second Annual Manufacturing Day

Wednesday, 29 October 2014 15:30 by Info@YesVirginia.org
Earlier this month, schools and companies partnered to host 17 events across Virginia as part of the second annual national Manufacturing Day campaign...

Earlier this month, schools and companies partnered to host 17 events across Virginia as part of the second annual national Manufacturing Day campaign.

One such event included students from Williamsburg-James City County Public Schools for the second year. Students, teachers and guidance counselors were given tours of the manufacturing plants at six local companies, including Anheuser-Busch, Ball Corp., Coresix Precision Glass, Owens-Illinois, Printpack Inc. and Walmart Distribution Center.

Students learned about the diversity of careers in manufacturing, as well the high-tech skills needed to pursue a career in advanced manufacturing.

The students also learned about the various paths available to prepare for this type of career. Representatives from Thomas Nelson Community College were on hand to discuss coursework they offer to prepare students to directly enter the manufacturing workforce or continue on to a four-year degree.

The event was sponsored by WJCC Public Schools, the Association for Manufacturing Excellence and James City County.

A WJCC guidance counselor also attended another Manufacturing Day event nearby at Newport News Shipbuilding. The program allowed 13 area high school guidance counselors to tour the Welding School and The Apprentice School to view hands-on demonstrations of trades training.

Manufacturing Day is a national program that encourages manufacturing companies across the U.S. to open their doors and provide tours for high school students in their communities. The purpose is to dispel misperceptions about the industry and inspire students to pursue careers in manufacturing after seeing the high-tech, rewarding career paths available to them.

The Manufacturing Day events in Virginia illustrate the Commonwealth’s leadership in preparing students for advanced manufacturing careers and developing a workforce with the skills to meet industry needs. To learn more, click here.

Virginia students tour the Anheuser-Busch control room and learn about the high-tech nature of today’s advanced manufacturing careers. Photo courtesy of the Association for Manufacturing Excellence.

VEDP Named a “Best in Class” Economic Development Group at IEDC Conference

Monday, 20 October 2014 13:22 by Info@YesVirginia.org
VEDP was named a “Best in Class” economic development organization today at the International Economic Development Council’s Annual Conference...

VEDP was named a “Best in Class” economic development organization today at the International Economic Development Council’s Annual Conference.

The results were tabulated by Development Counsellors International as part of its 2014 “Winning Strategies in Economic Development Marketing” report. DCI conducts a survey among U.S. corporate executives and site selection consultants every three years.

“The leading economic development organizations identified in this year’s survey set the standard across the country for being ‘Best in Class’ on so many levels and clearly stand out to site selectors across the country,” said DCI President Andrew T. Levine. “As states look at how to build and strengthen relationships with site selectors and influence corporate executives’ decisions on where to locate, invest and create jobs, ‘Winning Strategies’ provides a glimpse into the minds of this important audience.”

VEDP tied for sixth place with 15 percent of the responding executives and location advisors identifying us as a top economic development organization.

During FY2014, VEDP assisted on 183 projects that resulted in announcements of 15,029 new jobs and $5.19 billion in invested capital. These 183 projects will generate an estimated $280 million of new state tax revenue for Virginia after five years and approximately $620 million after 10 years. These projects will also generate an estimated $276 million of local tax revenue after five years and approximately $612 million after 10 years.

VEDP’s recognition as a “Best in Class” organization from one of our key markets — executives and location advisors — makes this award all the more meaningful and illustrates that we are on track to fulfill our 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."

To learn more about how VEDP can assist your business, click here.

NASA Grant Creates New STEM Education Program at Virginia’s Community Colleges

Tuesday, 14 October 2014 16:00 by Info@YesVirginia.org
The Virginia Space Grant Consortium recently announced a new program called STEM Takes Flight at Virginia’s Community Colleges funded by a $500,000 grant from NASA...

The Virginia Space Grant Consortium recently announced a new program called STEM Takes Flight at Virginia’s Community Colleges funded by a $500,000 grant from NASA.

The purpose of the initiative is to augment STEM (science, technology, engineering and math) education within the Virginia Community College System and build stronger connectivity with NASA to provide students with world-class learning and research opportunities.

STEM Takes Flight at Virginia’s Community Colleges offers a full suite of programs that includes real-world internships, research experiences, additional coursework and faculty training.

One example is the Build/Fly/Learn component which allows students to work on paid summer research projects at both NASA Langley Research Center in Hampton, Va., and NASA Goddard Space Flight Center’s Wallops Flight Facility in Wallops Island, Va. This opportunity is available to 38 community college rising sophomores who work in teams under the guidance of a NASA mentor.

Additional coursework includes two multi-disciplinary classes on mission development and planning offered through Virginia’s Eastern Shore Community College, which will allow students to develop and fly a sounding rocket payload. A third course covers sea level rise and its impact on coastal communities. It’s available online and led by Virginia Western and Thomas Nelson Community Colleges.

VCCS faculty will also receive additional training through a residential professional development STEM workshop at NASA’s Wallops Flight Facility. Twenty professors will have the opportunity to participate in a hands-on case study beginning June 2015.

The STEM Takes Flight program is another example of Virginia’s premier higher education system that provides real-world experiences to ensure Virginia’s workforce pipeline is ready to meet the industry needs of the future. To learn more about Virginia’s higher education and workforce training solutions, click here.

James Carter, a former NASA Langley Research Center intern, researches heat calibrations on model spray coatings.

JMU Extends Collaboration to the Community with the Ice House

Tuesday, 30 September 2014 16:59 by Info@YesVirginia.org
James Madison University and partners have joined together to create the Ice House, a revitalized building complex in downtown Harrisonburg that will serve as a center of collaboration and engagement for JMU students, entrepreneurs and citizens in the local community...

James Madison University and partners have joined together to create the Ice House, a revitalized building complex in downtown Harrisonburg that will serve as a center of collaboration and engagement for JMU students, entrepreneurs and citizens in the local community.

Formerly known as the Cassco Ice House complex, the building was constructed in 1934 for ice and cold storage to support the region’s distribution of agricultural products. Operations were discontinued in 2004 and the building was unused until the recent revitalization plans rechristened it the Ice House.

The name references both the building’s history as well as a JMU initiative called ICE, an acronym for Innovation-Collaboration-Entrepreneurship. JMU seeks to become a model of engagement that mobilizes resources from the university and community to launch new businesses and commercialize technology.

Phase one of the project is complete and JMU has occupied 30,000 of the 80,000-square-foot building with departments such as Outreach and Engagement, the Office of Technology Innovation, Communications and Marketing, the JMU Small Business Development Center, the Center for Entrepreneurship and the Lifelong Learning Institute.

The principal developers of the Ice House project are both JMU alumni and the furniture was designed and built by JMU’s Industrial Design students.

The building currently offers space available for rent that includes offices, event space, a kitchen, and classrooms and conference rooms fit with touchscreen A/V equipment and web conferencing capabilities.

Phase two of the project includes plans to make the Ice House a center of the downtown community with restaurants, a brewery, yoga studio, retail space and loft apartments.

The project is a win-win for the university and the community. Small business owners and entrepreneurs gain better access to JMU’s resources, and JMU students benefit from working on live projects with real businesses.

JMU and its programs at the Ice House are another example of how the Commonwealth’s premier colleges and universities provide real-world experience to Virginia students and innovative ways to collaborate with the local community. To learn more, click here.

A view of the open office and collaborative space at the Ice House in downtown Harrisonburg, Va. Photo courtesy of James Madison University.

Mary Baldwin College Gives Tour of New College of Health Sciences Building

Tuesday, 23 September 2014 12:59 by Info@YesVirginia.org
Recently, a group of economic development professionals toured the new Murphy Deming College of Health Sciences building at Mary Baldwin College in Fishersvillle, Va...

Recently, a group of economic development professionals toured the new Murphy Deming College of Health Sciences building at Mary Baldwin College in Fishersvillle, Va.

Classes are well underway — the school officially opened this past June and welcomed its inaugural class of 70 occupational therapy and physical therapy students.

The state-of-the-art building is 55,000 square feet, with a central atrium that encompasses all three stories. The tech-rich environment incorporates multimedia with cameras that allow students to see a close-up demonstration during class, as well as view a recording of the session.

The nine clinical laboratories include a neurological lab room, simulation lab, multiple skills labs, a human anatomy and a virtual anatomy lab. The multimedia environment also includes four large classrooms and six seminar rooms. 

The building was designed as a place where students can congregate after class to continue learning. The open architecture allows for multiple collaboration spaces, and the building includes a café and break room with lockers. The myriad of windows lets in natural light, making it a place where students want to be.

The Murphy Deming College of Health Sciences is currently training doctoral students in both physical therapy and occupational therapy, with plans to add a master’s degree for physician assistants and a degree-completion program for nurses in 2015.

The school is located in the center of the Augusta County medical corridor. Adjacent to the Augusta Health hospital complex, it offers easy access to I-64 and is just seven miles from Mary Baldwin’s main campus.

The Murphy Deming College of Health Sciences is another example of how Virginia’s higher education institutions are using cutting edge technology to prepare a workforce ready to add value as soon as they enter the employment pipeline. To learn more about Virginia’s world-class education system, click here.

Mary Baldwin College welcomes its inaugural class of occupational and physical therapy students at the Murphy Deming College of Health Sciences new building in Fishersville, Va. Photo courtesy of Mary Baldwin College.

VCU’s da Vinci Center Offers Real-World Interdisciplinary Training

Tuesday, 16 September 2014 09:10 by Info@YesVirginia.org
Where can a student work on a live project alongside classmates from the Schools of Arts, Business, Engineering, and the Humanities and Sciences? VCU’s da Vinci Center...

Where can a student work on a live project alongside classmates from the Schools of Arts, Business, Engineering, and the Humanities and Sciences? VCU’s da Vinci Center.

Companies in the greater Richmond area submit a product innovation problem to the da Vinci Center. Art, design, business and engineering students then work on cross-functional teams to develop an innovative solution, sponsored by the company.

The da Vinci Center prepares Virginia students to enter the workforce and hit the ground running, armed with the innovative and entrepreneurial thinking they will need to tackle everyday problems on the job. While students major in one area of study, the program allows them to see through the lens of multiple disciplines. It also emulates the way different departments work together to solve problems in a corporate environment.

Housed in the Pauley Pavilion, part of the School of Engineering, the center offers a multi-use space that facilitates product development from idea generation to market validation. Students have access to rapid prototyping machines and computer modeling and 3D object scanning equipment.

VEDP’s own economist, Michael Gilbert, was a da Vinci Center participant during his time at VCU. He worked on a minimally-invasive surgery trainer for physicians at MCV.

“The experience gained was invaluable,” said Gilbert. “Working on a cross-functional team with students from the School of the Arts, School of Engineering, and School of Business provided me insight and skills I still use today. Developing intellectual property on the team and through the course as an undergraduate is something I will never forget.”

The center offers two programs — an Undergraduate Certificate in Product Innovation and a Master of Product Innovation. The center is currently accepting applications for its spring 2015 class.

The da Vinci Center is yet another example of the cutting edge programs Virginia’s colleges and universities offer to prepare the workforce of tomorrow. To learn more about the Commonwealth’s premier higher education system, click here.

A group of students at VCU’s da Vinci Center develop a surgery trainer for MCV physicians. Photo courtesy of VCU da Vinci Center project team.

VEDP Receives Six Communications Awards at the 2014 SEDC Annual Conference

Wednesday, 3 September 2014 10:06 by Info@YesVirginia.org
VEDP received six communications awards for its marketing collateral at the SEDC (Southern Economic Development Council) Communication Awards Ceremony...

VEDP received six communications awards for its marketing collateral at the SEDC (Southern Economic Development Council) Communication Awards Ceremony.

The ceremony was held this August in conjunction with the 2014 SEDC Annual Conference in Atlanta, where more than 350 economic development professionals gathered for three days to learn about current economic development trends and strategies.

The six awards presented to VEDP included:

  • Special Judges Award for Online Content and Mobile Access recognizing VEDP’s website
  • Award of SUPERIOR for VEDP’s website relaunch
  • Award of EXCELLENCE for VEDP’s pocket brochure Map Out Success for Your Business in Virginia
  • Award of MERIT for VEDP’s annual report Results 2013
  • Award of MERIT for the VEDP marketing video Business Legacies Begin in Virginia
  • Award of MERIT in Thinking Outside the Box for VEDP’s webinar Innovation in Virginia: Live from the National Innovation Summit

“VEDP hit the mark this year with their marketing campaigns,” said SEDC President Gene Stinson. “These campaigns not only show creativity, but also solid messaging and effectiveness at reaching their target audiences. We were wowed by all the entries we received this year, and were impressed with the high level of marketing work being done in economic development by SEDC members.

The judging panel consisted of economic development consultants, practitioners and design professionals from across the southern U.S. Criteria included graphic appeal, clarity of message, quality of information, positioning, differentiation and format.

VEDP markets the Commonwealth of Virginia to companies seeking new business locations, expansion and international trade opportunities. To see examples of VEDP’s award-winning marketing materials and learn why Virginia is the Best State for Business, click here.

VEDP Vice President of Business Attraction Mike Lehmkuhler accepts the Special Judges Award for Online Content and Mobile access on behalf of VEDP from SEDC Chairman Hal Johnson.

Volvo Trucks Opens New Customer Experience Track in New River Valley

Thursday, 21 August 2014 15:54 by Info@YesVirginia.org
Last week, Governor McAuliffe celebrated the opening of Volvo Trucks’ new Customer Experience Track with a ribbon-cutting ceremony in Dublin, Va...

Last week, Governor McAuliffe celebrated the opening of Volvo Trucks’ new Customer Experience Track with a ribbon-cutting ceremony in Dublin, Va.

The 1.1 mile track features two paved lanes, straight-a-ways and eight percent super-elevated curves to simulate highway conditions. There is also an off-road portion to replicate more challenging conditions, showcasing the range of the company’s Class 8 vehicles.

The track is located on the company’s nearly 300-acre New River Valley campus, which contains the largest Volvo Truck manufacturing facility in the world at 1.6 million square feet. The plant is certified to ISO 500001 energy, ISO 9001 quality and ISO 14001 environmental standards.

The company drew from the expertise of its advanced manufacturing workforce to design and build the track. Employees even had a role in naming it the Twin Oaks Track after deciding to keep two oak trees in the center of the course.

Market demand has made significant strides since the recession, with the plant employing more than 2,500 workers. Earlier this summer, the company invested $69 million to add state-of-the-art equipment and redesign the facility to further improve efficiency and product quality, creating 200 new jobs in the process.

The track will likely draw additional customers to the New River Valley region to visit the plant and test drive potential Volvo Truck purchases.

It also augments Virginia’s thriving automotive industry which includes assets like the Virginia Tech Transportation Institute, National Tire Research Center, SoVA Motion, National Crash Analysis Center, CCAM, C-CARE and the Virginia Modeling and Simulation Center, to name a few.

To learn why more than 150 automotive companies call Virginia home and have announced $1.1 billion in capital investment over the last 10 years, click here.

Governor McAuliffe takes a test drive on Volvo Trucks’ new Customer Experience Track in Dublin, Va.

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Virginia Economic Development Partnership is the Best State for Business

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

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

Craft Beer Industry Thrives in Virginia

Thursday, 5 May 2016 09:22 by Info@YesVirginia.org

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

Virginia’s Biotech Industry Gains Another Asset: Virginia Biosciences Health Research Corp.

Friday, 8 February 2013 13:11 by Info@YesVirginia.org
This week, the Virginia Biosciences Health Research Corporation (VBHRC) announced its establishment to foster scientific research and provide a venue for public/private partnerships with Virginia’s leading universities...

This week, the Virginia Biosciences Health Research Corporation (VBHRC) announced its establishment to foster scientific research and provide a venue for public/private partnerships with Virginia’s leading universities.

The five founding universities include Eastern Virginia Medical School, George Mason University, University of Virginia, Virginia Commonwealth University and Virginia Tech. VBHRC will also include an 11-member Project Management and Oversight Panel as well as a 13-member Board of Directors.

VBHRC’s mission is to encourage industrial partnerships and increase corporate-sponsored research at Virginia’s universities to augment the Commonwealth’s growing biotech industry. VBHRC’s ultimate goal is to develop life sciences technology that can be used to start new companies and create jobs.

The research focus of VBHRC includes bioinformatics and medical informatics, point of care diagnostics, and drug discovery and delivery.

VBHRC joins a list of leading research institutes in the Commonwealth, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC Laboratories.

Virginia continues to gain recognition for its life sciences industry and was recently ranked the No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Ranking Report. With its central location in the mid-Atlantic life sciences corridor and strong technology and life sciences workforce, Virginia is home to nearly 800 biotech companies.

To learn why the private sector has invested almost $2 billion in Virginia’s life sciences industry over the last decade, click here.

Microsoft Announces $348 Million Expansion to Virginia Data Center Campus

Wednesday, 6 February 2013 10:36 by Info@YesVirginia.org
Last week, Microsoft announced plans to invest $348 million to expand its latest generation data center campus in Mecklenburg County, Va., creating 30 new jobs...

Last week, Microsoft announced plans to invest $348 million to expand its latest generation data center campus in Mecklenburg County, Va., creating 30 new jobs.

Fueled by strong customer demand for its cloud services, this investment will allow Microsoft to construct two additional buildings on its existing Mecklenburg County campus. In 2010, Microsoft announced a $499 million investment to establish this facility, followed by a $150 million expansion in 2011, bringing Microsoft’s total investment in this location to almost $1 billion.

With its modular technology and advanced cooling mechanics, the Mecklenburg County location is one of Microsoft’s most advanced data centers. In addition, Microsoft is purchasing renewable energy credits to offset all carbon emissions at the site.

Southern Virginia’s ability to provide a world-class data center location is due in part to infrastructure developed by the Mid-Atlantic Broadband Cooperative (MBC). Established several years ago to support underserved areas, today MBC owns and operates more than 1,500 miles of fiber optic network in Southern Virginia as well as a long-haul fiber network.

Virginia continues to be a prime location for data centers—data processing was the dominant sector for investment in the Commonwealth in 2011, at more than $960 million. Offering companies both the advanced broadband infrastructure and highly-skilled technical workforce, Virginia is poised to continue its growth in this sector.

In addition, the Commonwealth’s favorable electricity rates and Retail Sales and Use Tax Exemption on computer equipment used in data centers provide a strong competitive advantage to companies.

To learn why more than 700 data processing and hosting establishments have selected a Virginia location, click here.

Virginia Recognized as Top State for Green LEED Certifications in 2012

Monday, 28 January 2013 15:06 by Info@YesVirginia.org
Last week, the U.S. Green Building Council (USGBC) ranked Virginia as the top state for Leadership in Energy and Environmental Design (LEED) certifications in its annual ranking...

Last week, the U.S. Green Building Council (USGBC) ranked Virginia as the top state for Leadership in Energy and Environmental Design (LEED) certifications in its annual ranking.

In 2012, Virginia certified 170 projects, which encompassed 29.7 million square feet of LEED-certified space. With 3.71 square feet of certified space per capita, the Commonwealth moved up two places from last year.

Cooper Vineyards of Louisa County was recognized as the first winery on the East Coast to achieve LEED Platinum status.

USGBC is an international organization made up of 77 chapters, 13,000 member organizations, and 181,000 LEED professionals with a mission to build a more sustainable future.

USGBC manages LEED, one of the most renowned green building programs in the world. LEED provides certification programs for the efficient and environmentally-friendly design, construction and operation of a variety of buildings. According to USGBC, LEED certifies 1.6 million square feet of building space each day.

LEED-certified spaces not only offer a healthier environment, the efficiency gains yield a direct impact to a company’s bottom line. Virginia’s leadership in this area illustrates the Commonwealth’s innovative approach to providing a competitive environment in which companies can do business.

To learn more about Virginia’s unique combination of resources and why businesses have succeeded in the Commonwealth for more than 400 years, click here.

JMU Helps Build Virginia’s Cyber Security Workforce

Thursday, 24 January 2013 09:40 by Info@YesVirginia.org
Virginia’s cyber security capabilities span the Commonwealth, and one such hub is located around James Madison University (JMU) in the Shenandoah Valley Region...

Virginia’s cyber security capabilities span the Commonwealth, and one such hub is located around James Madison University (JMU) in the Shenandoah Valley Region.

With an information security program that began in 1999, JMU’s Computer Information Systems (CIS) program was ranked 9th among all Information Systems programs by Bloomberg Businessweek in 2012.

JMU prepares students for cyber security careers with an impressive offering of undergraduate and graduate programs that allow students to earn National Security Agency and Department of Homeland Security certificates along the way. Employers are taking notice—JMU graduates are being snapped up by marquee IT and consulting firms, including IBM, CGI, Accenture, Deloitte, KPMG, PWC, as well as a number of government agencies.

One of the more unique aspects of the CIS programs at JMU is the level of engagement among students and the community. 

On campus, JMU students participate in student clubs that compete nationally, such as the Computer Forensics Group and the Cyber Defense Club. In addition, the JMU Association of Information Technology Professionals (AITP) Student Chapter is the largest AITP student chapter in the U.S. AITP is the leading worldwide society of professionals in the IT industry.

JMU also engages the community through Cyber Defense Boot Camp, a summer program for high school technology teachers, and CyberCity, a program introducing disadvantaged high school students to careers in the CIS field.

Home to the Institute for Infrastructure and Information Assurance, JMU has partnered with George Mason University, the University of Virginia, and other public and private sector institutions on more than 60 research projects in the information security field.

With Virginia universities at the forefront of cyber security research and education, the Commonwealth’s workforce is well-positioned to maintain its top ranking with the highest concentration of high-tech workers, according to Cyberstates 2011.

To learn more about Virginia’s world-class IT and cyber security capabilities across the Commonwealth, click here.

VSU Part of Team Awarded $400 Million U.S. Army IT Contract

Tuesday, 15 January 2013 13:54 by Info@YesVirginia.org
Virginia State University (VSU) recently announced it was selected as part of a 16-member team awarded a $400 million IT contract with the U.S. Army...

Virginia State University (VSU) recently announced it was selected as part of a 16-member team awarded a $400 million IT contract with the U.S. Army.

The Information Technology Services-Small Business (ITS-SB) contract was awarded by the Army Contracting Command-National Capital Region (ACC-NCR) and the Army Computer Hardware, Enterprise Software and Solutions (CHESS) groups as part of a competitive bid process.

The selected partners will support the U.S. Army’s enterprise infrastructure needs by providing a full spectrum of innovative IT services and solutions.

Eight of the 16 selected partners are based in Virginia, including lead-company Tantus|OnPoint. The other Virginia companies/institutions are: Advanced Resource Technologies Inc., CACI, Lunarline Inc., Strohmeir Consulting LLC, Systems Integration & Management Inc., VSU, and Zenetex LLC.

According to VSU, the university will provide support in the areas of Information Assurance, Independent Verification & Validation, Internet Protocol Version 6, Migration and Integration Services, and Warranty and Maintenance.

VSU was selected as one of only two universities to participate in the partnership. The university has a strong legacy of supporting U.S. Department of Defense contracts.

VSU has received multiple accolades for its innovation in IT. VEDP blogged last year about VSU’s Reginald F. Lewis School of Business winning three awards for its “Digital at the Core” initiative, which delivers core curriculum through digital textbooks, MP3 audio chapters, MP3 study guides, and downloadable quizzes and flashcards.

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

To learn more about Virginia’s highly skilled workforce and world-class education programs, click here

Prince William County Science Accelerator Augments Virginia’s Booming Biotech Industry

Wednesday, 9 January 2013 10:46 by Info@YesVirginia.org
The Prince William County Science Accelerator recently opened its doors, offering an innovative location for early stage life sciences companies in the Northern Virginia region...

The Prince William County Science Accelerator recently opened its doors, offering an innovative location for early stage life sciences companies in the Northern Virginia region.

The 9,000-square-foot facility offers companies wet lab space for lease that can be built-out to meet specific client needs. Building on the existing industry cluster in the region, the Science Accelerator is expected to serve as a catalyst, accelerating the growth of smaller life sciences companies.

The Science Accelerator is located at Innovation Technology Park, a world-class research and technology park in Prince William County. Anchored by one of George Mason University’s campuses, the 1600-acre corporate park is 20 miles from Washington Dulles International Airport and 30 minutes from the Capitol Beltway. The high-tech hub is home to numerous corporate and institutional clients, including the Virginia Department of Forensic Science, the FBI Northern Virginia Resident Agency, Mediatech, ATCC, and the GMU/NIH Biosafety Research Lab.

Another example of the many successful public-private partnerships in Virginia, the Science Accelerator was developed by the Prince William County Department of Economic Development, Rinker Design Associates P.C., and NAL Research.

Virginia has recently gained recognition for its life sciences industry as the No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Rankings Report. The Commonwealth offers companies a central location in the mid-Atlantic life sciences corridor combined with access to leading research institutes, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC laboratories.

To learn why nearly 800 life science companies have chosen a Virginia location, click here.

A view of the Prince William Science Accelerator at Innovation Technology Park. Courtesy of Prince William County.

William & Mary Unveils the Commonwealth Center for Energy and the Environment

Tuesday, 8 January 2013 10:37 by Info@YesVirginia.org
This December, The College of William & Mary opened its new Commonwealth Center for Energy and the Environment to foster an interdisciplinary approach for teaching and researching environmental issues.

This December, The College of William & Mary opened its new Commonwealth Center for Energy and the Environment to foster an interdisciplinary approach for teaching and researching environmental issues.

Open to all William & Mary faculty, the center will function as both a think tank and research incubator that integrates disciplines including the natural sciences, law and policy, social sciences and the humanities.

In 2013, the center will support up to three short-term Environmental Enquiry Groups to define and explore direction for future research and teaching opportunities. Once topics are approved, the center will support the development of Long Term Environmental Quest groups for more advanced study.

William & Mary is already home to the School of Marine Science/Virginia Institute of Marine Science (SMS/VIMS), a leading institution specializing in coastal and estuary marine science and among the largest marine research and education centers in the United States.

With greater interdisciplinary focus, the Commonwealth Center for Energy and the Environment may be able to expand research and address the complicated relationship between energy generation and its impact on the environment.

The center will support Virginia’s “all-of-the-above” strategy to become “the Energy Capital of the East Coast” while expanding the Commonwealth’s energy partnerships and advanced research development. By leading the charge to develop offshore energy, expand renewables and advocate on behalf of traditional fuels including coal, natural gas, oil and nuclear energy, Virginia aims to secure reliable energy for businesses and citizens in the future.

To learn why more than 385 energy companies have established operations in the Commonwealth, click here.

Kraft Foods Invests $25 Million to Expand Virginia Plant

Thursday, 20 December 2012 17:24 by Info@YesVirginia.org
Today, Kraft Foods Group announced plans to invest $25 million to increase production capacity at its plant in Frederick County, Va., creating 25 new jobs...

Today, Kraft Foods Group announced plans to invest $25 million to increase production capacity at its plant in Frederick County, Va., creating 25 new jobs. 

Located on 30 acres in Frederick County, the Kraft Foods plant has been producing Capri Sun juice drinks since 1991, employing 460 Virginians. The company has made multiple investments in this facility over the years, including a 2010 announcement that it would invest $40 million and create 100 jobs.

Utilizing its existing 335,000-square-foot facility, Kraft Foods plans to add a production line to increase capacity, as well as bring its packaging to the same facility by adding technology to manufacture its mylar bags onsite.

Food and beverage companies like Kraft Foods continue to select the Commonwealth for its competitive operating environment. Virginia offers competitively priced and reliable electricity, a productive and highly-skilled workforce, a corporate tax rate of 6 percent that remains unchanged since 1972, an unemployment tax burden 32 percent lower than the national average, and construction costs 16 percent lower than the national average.

Virginia’s food and beverage cluster is on the rise, with more than 550 companies calling Virginia home. Not only does the Commonwealth provide a premier transportation network with access to 55 percent of the U.S. population in a 750-mile radius; its top-ranked universities and community college system offer training programs specifically designed to meet the needs of the food and beverage industry.

To learn why Virginia has the recipe for success, receiving more than $1.9 billion in investment for food and beverage projects over the last decade, click here.

Virginia CEO Wins Ernst & Young Entrepreneur of the Year Award

Wednesday, 19 December 2012 09:30 by Info@YesVirginia.org
Health Diagnostic Laboratory (HDL) CEO and co-founder Tonya Mallory recently won the prestigious Ernst & Young (E&Y) Entrepreneur of the Year® Award in the Emerging Company category...

Health Diagnostic Laboratory (HDL) CEO and co-founder Tonya Mallory recently won the prestigious Ernst & Young (E&Y) Entrepreneur of the Year® Award in the Emerging Company category.

Headquartered in Richmond, Va., HDL provides comprehensive testing for cardiovascular and other chronic diseases with a vision towards a more preventative approach to healthcare.

Since its founding in 2009, HDL has rapidly grown to more than 500 employees and has announced two expansions, expected to exceed $70 million, for its facility at the Virginia BioTechnology Research Park.

For 26 years Ernst & Young has recognized business leaders for their innovation and success through its Entrepreneur of the Year® awards. Winners were selected in 10 categories from a worldwide field of 2,000 companies and awarded at the E&Y Strategic Growth Forum gala in Palm Springs, Calif.

Mallory’s novel approach to laboratory testing epitomizes just the innovation Governor McDonnell had in mind when he declared 2012 “The Year of the Entrepreneur.” “Virginia is an incubator for good ideas and we have the right tax, regulatory and business climate for entrepreneurs to turn those ideas into job-creating businesses,” said McDonnell.

Virginia offered Mallory and the team at HDL the right infrastructure at the right time, including a prime location and workforce at the Virginia BioTechnology Research Park.

Adjacent to Virginia Commonwealth University, a Top 100 life sciences research center in downtown Richmond, the Virginia BioTechnology Research Park is located on 34 acres that include nine buildings and more than 1.1 million square feet of office and research space. The park employs more than 2,200 scientists, engineers and researchers through its 60 life science companies, research institutes, and state and federal labs.

The Commonwealth’s biotech industry is on the rise, gaining recognition as a No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Rankings Report. Virginia offers companies a central location in the Mid-Atlantic life sciences corridor and access to top research institutes, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC laboratories.

To learn why 800 life science companies have chosen to locate operations in Virginia, click here.

Virginia’s Wind Industry Gains Speed with Two Federal Announcements

Monday, 17 December 2012 16:12 by Info@YesVirginia.org
In the last few weeks, Virginia’s wind industry has won validation with two positive announcements from the Bureau of Ocean Energy Management (BOEM) and Department of Energy (DOE)...

In the last few weeks, Virginia’s wind industry has won validation with two positive announcements from the Bureau of Ocean Energy Management (BOEM) and Department of Energy (DOE).

On November 30, the BOEM announced federals waters off the Virginia coastline qualified as one of only two wind energy areas (WEAs) for the upcoming competitive lease sale process. This is the first-ever wind energy lease sale on the Outer Continental Shelf.

The Commonwealth’s WEA encompasses 112,800 acres located about 23.5 nautical miles off Virginia’s coastline. According to the BOEM, this area would have the capacity to produce more than 2,000 MW of wind generation, enough electricity to power 700,000 homes.

On December 12, the DOE announced that a Virginia team led by Dominion Virginia Power was one of seven projects awarded an initial grant of up to $4 million for the engineering, design and installation of an offshore wind turbine demonstration facility.  

Dominion will install two Alstom 6-megawatt turbines off the Virginia coastline using an innovative “twisted jacket” foundation that requires less steel. In addition to Alstom Power Inc., the Dominion team includes KBR; the Virginia Department of Mines, Minerals and Energy (DMME); the National Renewable Energy Laboratory; the Virginia Tech Advanced Research Institute; and Newport News Shipbuilding.

Virginia-based Fugro Atlantic has also been selected by the DMME to conduct a geological survey to study the seafloor of Virginia’s WEA in the Outer Continental Shelf.

Recognition from both the BOEM and DOE highlights the Commonwealth’s strengths in the offshore wind industry. Virginia is well-positioned as a leader in this renewable energy field, offering the ideal combination of strong Class 6 winds, shallow waters off the coast, an experienced maritime workforce, a robust transportation network, and access to a fully operational high voltage transmission grid close to shore.

Often called the “Energy Capital of the East Coast,” Virginia is home to more than 380 energy companies and has seen more than $4.6 billion invested in energy projects over the last decade. To learn more about Virginia’s burgeoning energy industry, click here.

A rendering of the Dominion offshore wind turbine demonstration facility, consisting of two Alstom 6-megawatt turbines. Courtesy of Dominion Virginia Power.

VEDP Launches Updated Interactive Tool “Compare Virginia”

Friday, 14 December 2012 15:17 by Info@YesVirginia.org
Today, VEDP is proud to launch an update to its popular Compare Virginia web-based tool. Compare Virginia allows users to easily conduct side-by-side comparisons between Virginia and the other 49 states, as well as the District of Columbia, on a number of key economic metrics...

Today, VEDP is proud to launch an update to its popular Compare Virginia web-based tool. Compare Virginia allows users to easily conduct side-by-side comparisons between Virginia and the other 49 states, as well as the District of Columbia, on a number of key economic metrics.

This updated version includes an additional Compare MSA feature, which allows the user to contrast Virginia’s MSAs with more than 360 MSAs across the country. The database has been enhanced to include a broader range of demographic and economic statistics, such as population, labor force, employment growth, unemployment rates, GDP and union membership.

The user experience has been vastly improved. Information loads more quickly and allows one to change comparison criteria on the fly, without having to reload. The user can also toggle between the Compare States and Compare MSAs features without losing data.

Another additional feature includes the data dictionary, which provides users with documentation of the sources behind the statistics, as well as a detailed explanation of the data.

Finally, the download report feature allows users to easily export data to either an excel spreadsheet or a preformatted pdf for future use.

To access the updated Compare Virginia site and learn why Virginia is the best state for businesses, visit http://virginiascan.yesvirginia.org/compare/compareva.aspx.

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Virginia Economic Development Partnership is the Best State for Business

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

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

Virginia to Offer Foreign Direct Investment Expertise

金曜日, 24 3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.

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

水曜日, 1 2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.

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Virginia Economic Developers Recognized in National Ranking

水曜日, 25 1月 2017 14:20 by Info@YesVirginia.org

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.

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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

As 2016 comes to a close, we want to recognize the economic development profession throughout Virginia that works tirelessly for the common good, and in particular, to the dedicated employees of the Virginia Economic Development Partnership Authority (VEDP).

As leaders of the Board of Directors of VEDP—which by anyone’s measure, just experienced its most difficult year of operation since its formation in 1995—we are wrestling with deep problems facing VEDP, the economy and some systemic ones woven into the very fabric of how our Commonwealth approaches economic development. We are, however, optimistic because we know that economic development partners across the state are taking actions necessary to fortify Virginia’s future.

For our part, the VEDP Board is engaged. In 2014, Don Seale, then Chairman of the VEDP Board of Directors, realized that fundamental changes were needed inside the organization.  Don called for the creation of a Chief Operating Officer position and recruited Dan Gundersen to help reset VEDP. Dan’s initial focus was on strategic direction, creative programming, engaging employees, and assuring greater management control and accountability procedures.

We began to peel back the layers of VEDP. Dan Gundersen produced for the Board a first-ever Strategic Review that serves today as the guidepost for a 3-5 year action strategy for VEDP. A new compensation plan was adopted which provided pay equity across positions. We evaluated funding models for 49 other states’ economic development entities, produced new top-line metrics, put in place a robust communications strategy for the external partners and encouraged new avenues for employee input and engagement.   

We (Chris Lumsden and Dan Clemente) succeeded Don Seale as Chairman and Vice-Chairman respectively and the first thing we decided to do was to hear from our stakeholders. We conducted a Listening Tour that involved over 150 economic development professionals, public officials, and business interests in all regions of Virginia and more than 80 counties. We learned that over several years’ time, VEDP’s approach to marketing and deals had alienated many of its stakeholders and contributed to a crisis of confidence.

In March of this year, we asked Dan Gundersen to serve as Interim President and CEO, as well as COO, to help turn around VEDP. He demonstrated great courage and collaborative leadership skills in managing VEDP during a period of serious political stress and organizational crisis. Working with the Board’s Finance and Audit Committee, the VEDP team put in place solid due diligence procedures for discretionary grants, cleaned up twenty years of Governor Opportunity Fund records, and delved into data integrity and integration issues. VEDP also moved its 55,000 square-foot headquarters to new space that saved the Commonwealth over $1.8 million. The new headquarters is designed with open spaces and glass offices and, quite literally, sends a clear message to all that VEDP is a transparent organization that is reinventing itself for the next generation of economic development.   

By mid-summer, again with direct involvement of key Board leaders, input from the Joint Legislative Audit & Review Commission (JLARC) team and independent management consultants, VEDP was prepared to roll out a reorganization. Dan Gundersen successfully led VEDP through the difficult reorganization process, with input from a core planning group, cross-functional work teams, and facilitated focus groups of employees throughout the organization. Three new market-facing divisions were established: Business Investment, Competitive Initiatives and Workforce Development. They operate alongside VEDP’s International Trade team to support businesses.

New management in key spots has infused new energy and determination to have VEDP become recognized as the very best economic development organization in the country. We are pleased that Stephen Moret will join us at the helm in January.

Our work is not over—far from it. But we have laid a solid foundation on which to build a bright future for economic growth in Virginia. This would not have happened without the active support of Virginia’s economic development professionals. We thank you and look forward to continuing to work closely with you as we enter into the new year with renewed confidence and enthusiasm.

Sincerely,

Dan Clemente, Chairman of the Board
Vince Mastracco, Vice-Chairman of the Board
Chris Lumsden, previous Chairman of the Board

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Getting to Know: New River Valley

木曜日, 1 9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.

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Virginia’s Woodworking Industry Provides Solid Foundation

金曜日, 26 8月 2016 14:31 by Info@YesVirginia.org

YesVirginia Business Blog | All posts tagged 'undergraduate certificate in product innovation'

VCU’s da Vinci Center Offers Real-World Interdisciplinary Training

Tuesday, 16 September 2014 09:10 by Info@YesVirginia.org
Where can a student work on a live project alongside classmates from the Schools of Arts, Business, Engineering, and the Humanities and Sciences? VCU’s da Vinci Center...

Where can a student work on a live project alongside classmates from the Schools of Arts, Business, Engineering, and the Humanities and Sciences? VCU’s da Vinci Center.

Companies in the greater Richmond area submit a product innovation problem to the da Vinci Center. Art, design, business and engineering students then work on cross-functional teams to develop an innovative solution, sponsored by the company.

The da Vinci Center prepares Virginia students to enter the workforce and hit the ground running, armed with the innovative and entrepreneurial thinking they will need to tackle everyday problems on the job. While students major in one area of study, the program allows them to see through the lens of multiple disciplines. It also emulates the way different departments work together to solve problems in a corporate environment.

Housed in the Pauley Pavilion, part of the School of Engineering, the center offers a multi-use space that facilitates product development from idea generation to market validation. Students have access to rapid prototyping machines and computer modeling and 3D object scanning equipment.

VEDP’s own economist, Michael Gilbert, was a da Vinci Center participant during his time at VCU. He worked on a minimally-invasive surgery trainer for physicians at MCV.

“The experience gained was invaluable,” said Gilbert. “Working on a cross-functional team with students from the School of the Arts, School of Engineering, and School of Business provided me insight and skills I still use today. Developing intellectual property on the team and through the course as an undergraduate is something I will never forget.”

The center offers two programs — an Undergraduate Certificate in Product Innovation and a Master of Product Innovation. The center is currently accepting applications for its spring 2015 class.

The da Vinci Center is yet another example of the cutting edge programs Virginia’s colleges and universities offer to prepare the workforce of tomorrow. To learn more about the Commonwealth’s premier higher education system, click here.

A group of students at VCU’s da Vinci Center develop a surgery trainer for MCV physicians. Photo courtesy of VCU da Vinci Center project team.

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Virginia Economic Development Partnership is the Best State for Business

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

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