Prince George County Recognized as One of Eight Innovative U.S. Counties by NACo

Tuesday, 17 December 2013 16:46 by Info@YesVirginia.org
Prince George County, Va., gained recognition as one of eight innovative counties highlighted in the recently-released report Strategies to Bolster Economic Resilience — County Leadership in Action by the National Association of Counties...

Prince George County, Va., gained recognition as one of eight innovative counties highlighted in the recently-released report Strategies to Bolster Economic Resilience — County Leadership in Action by the National Association of Counties.

In the report, NACo highlighted the strategies, partnerships and initiatives these eight counties pursued in their unique approach towards economic development. Founded in 1935, NACo is the only national organization that represents county governments in the U.S.

Prince George County received recognition for its focus on targeted industries, particularly advanced manufacturing, as the county’s partnership with Rolls-Royce was noted. Rolls-Royce’s 1,000-acre Crosspointe Campus in Prince George County is the company’s largest and most advanced campus in North America. It includes a Rotatives operation and Advanced Airfoil Machining Facility, with room for expansion. 

Prince George County and Rolls-Royce were also instrumental in establishing the Commonwealth Center for Advanced Manufacturing adjacent to the Crosspointe Campus. CCAM celebrated its grand opening in March 2013 and functions as an applied research center, bringing together leading manufacturers and Virginia’s top educational institutions to collaborate and quickly turn ideas into real-world technologies. 

Homegrown company Service Center Metals was also mentioned in the study. The company recently celebrated its 10-year anniversary in Prince George County and announced plans to add a compact remelt plant. The company expects to add a total of 35 new jobs and invest $35 million through a two-phase expansion.

Through partnerships in the public, private and educational sectors, Prince George County has become a hub of advanced manufacturing innovation, drawing additional corporate partners and investment to the area.

To learn why Virginia has provided an innovative environment, allowing businesses to prosper here for more than 400 years, click here.

A view of CCAM, adjacent to Rolls-Royce’s Crosspointe Campus in Prince George County, Va.

Homegrown Martinsville Company Expands — Textiles Solid as a Stone in Virginia

Wednesday, 11 December 2013 16:35 by Info@YesVirginia.org
When Virginia entrepreneur David Stone decided to start his own company, Solid Stone Fabrics, in 2003 he knew the perfect location — his hometown of Martinsville, Va...

When Virginia entrepreneur David Stone decided to start his own company, Solid Stone Fabrics, in 2003 he knew the perfect location — his hometown of Martinsville, Va. 

With a solid background in the fabrics industry, including stints at Kayser-Roth, Tultex, Reebok and Pine Crest Fabrics, Stone had the industry knowledge and contacts to hit the ground running and start a successful business out of his home. When a truckload of fabric showed up at his front door, his wife let him know it was time to expand.

Stone moved into the local business incubator at the West Piedmont Business Development Center and stayed there until 2008. He carved out a strong niche in the stretch fabric market, supplying materials for customers in the dancewear, swimwear, costume, team and other active apparel markets. The incubator provided much more than a physical location; it offered microloans to help along the way as the company grew.

Solid Stone Fabrics moved into its current location, a 24,000-squre-foot building in downtown Martinsville, in 2008. And, according to Stone, “That’s when things really took off,” which included adding sales offices in New Jersey and California.

“We were primed to do most of our manufacturing in Asia, but we found it difficult to do smaller runs and get a quick response for our customers,” said Stone. “That frustration led us to do more of our own manufacturing here at home in Virginia.”

At any one time, Solid Stone Fabrics has 250,000 yards of material at its facility in Martinsville, ready to respond quickly to both business and individual customers. Martinsville serves as the company’s headquarters and center of operations, which includes adding embellishments for its active apparel markets, printing flags and banners for high schools, and assisting global customers in sourcing and supplying their fabric needs.

To date, the company has 24 employees, and just this week announced plans to create 16 more jobs over the next three years and invest $1.0 million in a second facility in Martinsville. Located just a few blocks away, the second building will add 23,000 square feet of manufacturing space and is expected to be operational by December 15.

“It’s exciting to be back in your hometown and putting people back to work — 40 jobs means a lot,” said Stone.  “In addition, occupying these older buildings in Martinsville is really breathing new life into the heart of our city.”

As to why Stone chose to expand in Martinsville, the answer is simple, “The majority of our employees are from here and educated here. I have relied heavily on Patrick Henry Community College and I can’t say enough about the talent here in Southern Virginia,” said Stone. “We’ve received a lot of support from the City of Martinsville, Martinsville-Henry County Economic Development and the Tobacco Commission — we’re so grateful to have all of that assistance by our side when we need it.”

Solid Stone Fabrics illustrates the success entrepreneurs find when they start a business in the Commonwealth, as well as how competitive Virginia manufacturing is on a global scale. To learn why Virginia is the best state for business, click here.

Members of the Solid Stone Fabrics team discuss their latest innovations from company headquarters in Martinsville, Va.

Charlottesville Startup GigDog Launches from UVA’s i.Lab

Monday, 9 December 2013 16:38 by Info@YesVirginia.org

While working as a geo-political analyst for the Department of Defense, Anslem “J.R.” Gentle came up with an idea for an entertainment and promotion company.

J.R. saw how lesser-known musicians would advertise their upcoming performances on posters and realized even people who saw the posters were not likely to attend the concerts because they weren’t familiar with the music. Thus was born the idea for GigDog — a streaming interactive internet radio station that only plays the music of bands scheduled to perform in the local area within the following six weeks.

What helped turn GigDog from an idea into a real company was access to the UVA i.Lab, an incubator for start-ups in Charlottesville, Va. The i.Lab is the revamped version of the Darden School incubator and includes a newly-renovated space and expanded program. It is unique because it is open to both UVA students and members of the Charlottesville community.

UVA’s i.Lab includes office space with access to a 3-D printer for prototyping, a “pitch” room, workshop, large meeting area, media rooms with Skyping abilities, and a full coffee shop and collaboration area. Applications are due in early January and the year-long program begins in the spring. i.Lab can accommodate 25 companies per year and offers entrepreneurial workshops, a speaker series on topics of interest, and access to professors and the 11 schools within UVA.

GigDog was incorporated in the summer of 2012 and joined the i.Lab pilot program. GigDog’s benefit to both musicians and consumers has allowed it to grow quickly —  it became operational in January 2013 and has grown from 14 bands and 16 venues in Charlottesville to more than 500 bands and 445 venues in five cities.

“As an entrepreneur, being in an environment of like-minded people is paramount,” said GigDog founder J.R. Gentle. “I had the whole of UVA and Darden as a resource. If I needed help with marketing or finance questions I could talk to those professors. I also learned just as much talking to the fellow entrepreneurs in the program.”

GigDog has just launched a RocketHub crowdfunding campaign to expand into additional cities. To experience GigDog visit http://www.gigdog.fm/ and to learn more about the UVA i.Lab visit http://www.ilabatuva.org/

GigDog founder J.R. Gentle chats with another entrepreneur and i.Lab director Philippe Sommer (left to right).

Lumi Juice — From Start-up to Store Shelves in Six Months

Monday, 25 November 2013 09:43 by Info@YesVirginia.org
Graduating MBA student Hillary Lewis could hardly imagine what the next few months would hold when two of her professors at UVA’s Darden School of Business approached her about creating a consumer products company. The timeline below illustrates how quickly a company can start up in Virginia’s supportive entrepreneurial environment...

Graduating MBA student Hillary Lewis could hardly imagine what the next few months would hold when two of her professors at UVA’s Darden School of Business approached her about creating a consumer products company. The timeline below illustrates how quickly a company can start up in Virginia’s supportive entrepreneurial environment.

April — Walking through a natural foods store, Hillary learned about High Pressure Processing, a unique technology that inactivates bacteria while at the same time preserving vital nutrients in food and beverages. Inspiration struck and Hillary came back to her professors with the idea for a healthy juice company. 

She chose the name Lumi, which is an acronym for LoveUMeanIt, a slogan Hillary shared with her undergrad sorority sisters. The company was incorporated on April 18 and the brand message is one of both loving the company’s juices, as well as loving yourself by consuming healthy products.

May — Hillary and her professors visited the High Pressure Processing Laboratory, part of Virginia Tech’s renowned Food Science and Technology program. The team learned that HPP is an innovative technology in food safety that kills microorganisms and extends shelf life through extreme water pressure. It avoids using chemicals and heat that can alter the taste and nutritional content of foods and beverages.

June — Hillary headed to Miami to visit Hiperbaric, the world’s leading manufacturer of HPP equipment for the food industry. She came away with additional knowledge and an agreement to lease one of the company’s machines for arrival in September.

July — The next step involved looking for a space to set up manufacturing. Hillary worked with economic developers in Albemarle County to find a suitable building. She found the perfect location at 1822 Broadway Street in Charlottesville, an industrial district that is within walking distance of the downtown mall area. The 12,000-square-foot facility is approximately 50 percent manufacturing, with the remainder allocated for office and warehouse space.

August — Lumi began setting up shop in an empty warehouse, which included adding everything from plumbing to electricity. Dominion Virginia Power was particularly helpful in upgrading the facility to the necessary 480 volts in an expedited time frame.

September — The Hiperbaric machine was delivered and the team configured production, warehousing and office space.

October — On October 11, Lumi produced the first HPP juice off the production line. VDACS came out to inspect the facility, and according to Hillary, “On October 25 we got the okay to sell and it was game on!”

November — The company has been selling its fresh vegetable and fruit juices for almost four weeks. Lumi has already branched out from Charlottesville to retailers such as Whole Foods Market and Relay Foods in Richmond, D.C., and Rockville, Md. From weeks three to four the company has more than doubled sales.

According to Hillary, “One reason I went to business school was to start my own company. I believe in the viability of manufacturing in the U.S. and in creating jobs and industry at home. I feel really fortunate there have been so many wonderful people that have been a part of this. We wouldn’t be here today without the support of partners at the university, state and county level. I feel extremely thankful and regardless of the obstacles, every day is more wonderful than the one before.”

Use the highlighted links to learn more about Lumi Juice and why Virginia is a great place to start a business.

Hillary Lewis, co-founder of Lumi Juice, expands sales through a product display in Richmond’s Ellwood Thompson’s Natural Foods Market.

Virginia Entrepreneurs — Dr. Lucy’s Takes Gluten-Free Global with VALET Program

Thursday, 21 November 2013 16:44 by Info@YesVirginia.org
Ten years ago, Dr. Lucy Gibney’s experience with food allergies was fairly typical for a board-certified emergency medicine physician. That all changed when her four month old son had a life-threatening allergic reaction to infant formula...

Ten years ago, Dr. Lucy Gibney’s experience with food allergies was fairly typical for a board-certified emergency medicine physician. That all changed when her four month old son had a life-threatening allergic reaction to infant formula.

Food safety quickly became a priority; however, at the time Dr. Lucy had trouble finding allergy-free products that were both safe and tasted good. Having developed a love of baking and experimenting with recipes since childhood, she combined this with her medical training in nutrition to develop delicious, allergy-free baked goods the whole family could enjoy.

Dr. Lucy and her husband wanted to share their cookies, brownies and snacks with other families, and thus was born Dr. Lucy’s line of baked goods, free from gluten, milk, eggs, peanuts and tree nuts.

In 2007, Dr. Lucy’s opened a 2,500-square-foot bakery in Norfolk, Va. The company outgrew this space three years ago and moved into a facility that has now grown to 22,000 square feet, including a dedicated bakery, warehouse, office space and laboratory to ensure sourced ingredients have not been cross-contaminated with any allergens. 

The company has expanded to more than 100 employees and managed to double sales every year since inception. Dr. Lucy’s began selling to natural food and grocery stores in the Hampton Roads area, and expanded throughout the mid-Atlantic region on its own momentum. Within the first six months, the company established a Midwest presence through an industry trade show in Chicago and gained an introduction to a buyer at Whole Foods Market by attending the Virginia Food and Beverage Expo. Dr. Lucy’s products are now in more than 6,000 retail locations across the U.S.

Dr. Lucy’s became a member of VEDP’s Virginia Leaders in Export Trade program in July 2012 after some early growth in Canada and the U.K. VALET helped the company research which new markets to focus on, and provided introductions to international consumer products experts, banking relationships and legal consults.

According to Dr. Lucy, “VALET put everything we needed right there in front of us. We really benefitted from the research component to check our facts and feel comfortable investing resources in a particular direction. Especially as a small company, having a jump start with core competencies in the international arena makes a big difference — it could have taken us years to develop this on our own.”

Through the VALET program, Dr. Lucy’s is expanding deeper into Europe and is now shipping to Mexico. To learn more about VALET and what VEDP’s international trade program can do for you, click here.

Dr. Lucy’s develops Spanish-language packaging as it prepares to enter the Mexican market.

Virginia Makes History Again — Orbital Sciences Launches First Satellite Built by High School Students

Wednesday, 20 November 2013 13:56 by Info@YesVirginia.org
At approximately 8:15 p.m. last night, Orbital Sciences launched the first satellite built by high school students, a team from Thomas Jefferson High School for Science and Technology in Alexandria, Va...

At approximately 8:15 p.m. last night, Orbital Sciences launched the first satellite built by high school students, a team from Thomas Jefferson High School for Science and Technology in Alexandria, Va. 

The satellite, known as TJ3SAT, is a CubeSat that has been designed, built and tested by more than 50 students at Thomas Jefferson and represents nearly seven years of work. Orbital Sciences mentored the students and provided financial support, as well as space testing facilities.

TJ3SAT measures 10 x 10 x 11 cm and weighs approximately two pounds. Its payload consists of a voice synthesizer that converts text to voice. Once it enters Earth orbit, students from around the world will be able to freely access the satellite by sending strings of text to the TJ3SAT website. Approved messages will be transmitted to the satellite, where they will be converted to voice signals and transmitted back to Earth using amateur radio frequency.

TJ3SAT launched from the Mid-Atlantic Regional Spaceport Pad-OB at NASA’s Wallops Flight Facility on the Eastern Shore of Virginia. MARS is one of only four commercial sites approved by the FAA for orbital space launches, and offers an ideal trajectory for Earth orbit insertion.

Orbital Sciences launched TJ3SAT with 27 other CubeSats aboard a Minotaur I rocket as part of its ORS-3 mission for the U.S. Air Force.

The collaborative partnership between Orbital Sciences and Thomas Jefferson High School for Science and Technology illustrates Virginia’s position at the forefront of STEM education (science, technology, engineering and math), preparing students for careers in advanced fields, such as aerospace.

Use the highlighted links to learn more about the TJ3SAT program and Virginia’s leadership in the aerospace industry.

The Minotaur I rocket, carrying the first satellite built by high school students, launches from MARS at NASA’s Wallops Flight Facility. Photo courtesy of NASA Wallops/Chris Perry.

Virginia Conference on World Trade Celebrates 65 Years of Global Business Success

Wednesday, 13 November 2013 09:48 by Info@YesVirginia.org

VEDP’s international trade division recently hosted more than 200 professionals at the 65th annual Virginia Conference on World Trade in Williamsburg, Va.

The two-day event provided attendees with the opportunity to develop their international network with in-country experts, as well as attend sessions where panelists offered practical advice on how to expand sales in the global marketplace.

The event kicked off with an evening networking reception featuring Ignite Speed Networking, a Virginia company that has the world’s only platform for group-based speed networking.

Prior to the conference, attendees were encouraged to take the Global Mindset Survey offered by the renowned Thunderbird School of Global Management. The next morning, Dr. Mansour Javidan, Director of the Najafi Global Mindset Institute and Garvin Distinguished Professor at Thunderbird, went over the results of the survey and helped attendees pinpoint areas to improve their cross-cultural interactions.

Participants then chose between two tracks for the main portion of the day. Track A included a session each on how to gain traction in the South American, Asian and European markets. Track B was geared towards defense companies and offered sessions on the Foreign Military Sales process, the Australia/U.S. Defense Trade Cooperation Treaty, and how to manage and motivate foreign distributors.

The keynote address was provided by Michael Eyestone, Minister-Counsellor (Commercial Policy) and Senior Trade Commissioner at the Embassy of Canada in Washington, D.C. Eyestone discussed the plentiful opportunities that Canada offers as the U.S.’ No. 1 export destination. It provides a strong entry point for companies new to exporting due to the ease of restrictions and common language.

The conference concluded with an evening banquet where three awards were given, recognizing excellence in international trade. The Commonwealth of Virginia Governor’s Award for Excellence in International Trade was given to Moog Components Group out of Blacksburg, Va. The Virginia International Business Council Global Excellence Award recognized Joseph Ruddy, chief operating officer at Virginia International Terminals. The Virginia TradePort Innovator of the Year Award was given to Shawn Utt of Pulaski County.

Save the date for next year’s conference, October 29-30, at The Richmond Marriott in Richmond, Va. Visit www.vacwt.org for conference details and www.exportvirginia.org to learn how VEDP can help your company sell overseas.

Paul Grossman, VEDP vice president of international trade, congratulates Greg Boyer, vice president of sales at Moog Components Group, for winning The Commonwealth of Virginia Governor’s Award for Excellence in International Trade.

UMW Hosts Transformation 20/20 — A Regional Economic Development Summit

Monday, 4 November 2013 10:34 by Info@YesVirginia.org
Last week, University of Mary Washington hosted Transformation 20/20, a summit focused on economic development in the greater Fredericksburg region...

Last week, University of Mary Washington hosted Transformation 20/20, a summit focused on economic development in the greater Fredericksburg region.

The goal of Transformation 20/20 is to develop a clear vision as the region moves toward the year 2020. The summit brought together more than 150 public and private sector attendees to discuss opportunities for collaboration across the Fredericksburg region.

Preparation for the summit began a year earlier when UMW President Rick Hurley, the UMW Center for Economic Development, and Fredericksburg Regional Alliance met with local economic development professionals and business leaders in the community. FRA is the first Virginia economic development organization to be formally affiliated with a higher education institution and is housed on UMW’s campus.

Part of the year-long planning process involved commissioning a study from Chmura Economics & Analytics, and those results were presented at the summit.

The Chmura report identified six industry clusters economic developers should include as part of their strategy to encourage job creation and capital investment in the Fredericksburg region. They include business services, finance/insurance/real estate, health and life sciences, information/communications, manufacturing, and public administration.

The Fredericksburg Regional Chamber of Commerce also presented the results of a survey of young professionals, ages 21-40, in the region. The survey found that these young adults were pleased with the job market and planned to stay in the Fredericksburg area. The group suggested improvements to traffic congestion and more recreational and networking opportunities would increase their likelihood to remain in the region.

Transformation 20/20 served as a catalyst for identifying areas of opportunity to encourage economic prosperity in the Fredericksburg community. Continued conversations about how to improve traffic, increase broadband infrastructure, and encourage entrepreneurs are expected to take place — UMW plans to make Transformation 20/20 an annual event.

To learn more about FRA and the UMW Center for Economic Development, click on the highlighted links.

UMW President Rick Hurley and Fredericksburg City Council Member Matt Kelly (right to left) discuss economic development strategy at the Transformation 20/20 summit. Photo courtesy of Fredericksburg Patch.com/Susan Larson.

STIHL Inc. Wins AME 2013 Manufacturing Excellence Award

Friday, 25 October 2013 16:19 by Info@YesVirginia.org
The Association for Manufacturing Excellence recently recognized STIHL Inc. with a 2013 Manufacturing Excellence Award at its recent AME International Excellence Inside Conference in Toronto, Canada...

The Association for Manufacturing Excellence recently recognized STIHL Inc. with a 2013 Manufacturing Excellence Award at its recent AME International Excellence Inside Conference in Toronto, Canada.

The AME Manufacturing Excellence Award is given to North American manufacturing plants that have demonstrated excellence in their manufacturing and business operations. AME seeks to acknowledge manufacturers that have implemented continuous improvement, lean principles, creativity and innovation.

STIHL’s award-winning Virginia Beach facility serves as both its U.S. headquarters and base of operations to manufacture more than 280 models of chains saws and other power equipment. The company manufactures the No. 1 brand of chain saws in the world.

According to the company, “The AME assessment team noted the facility’s strides toward the establishment of a continuous improvement system, focusing on the implementation of advanced technology, integration of automation, data systems, work instructions, signaling devices and steps toward the establishment of flow.”

Since opening its Virginia Beach plant in 1974, STIHL has grown from 20,000 square feet under one roof to more than two million square feet on a 150-acre campus. With a talented workforce of 1,900 Virginians, the company exports products to more than 90 countries around the world.

Over the last 20 years, STIHL has announced more than $335 million of investment in the Commonwealth. What keeps an innovative global leader like STIHL coming back? Virginia has successfully competed against China, Brazil and Germany due to its highly-skilled workforce, premier logistics system and pro-business environment.

To learn more about the innovative environment Virginia offers global leaders like STIHL, click here.

Glenn Marshall, chair of AME’s Manufacturing as a Desirable Career Path program; Brent Sheffler, managing director, Knowledge Transfer and Strategic Outreach at VEDP; Christian Koestler, vice president of operations at STIHL Inc.; and Dale Gehring, Chairman of AME, celebrate STIHL’s AME 2013 Manufacturing Excellence Award in Toronto, Canada.

Williamsburg-James City County School System Celebrates National Manufacturing Day

Wednesday, 23 October 2013 13:48 by Info@YesVirginia.org
The Williamsburg-James City County School system recently celebrated Manufacturing Day with tours of three local manufacturing operations...

The Williamsburg-James City County School system recently celebrated Manufacturing Day with tours of three local manufacturing operations.

Manufacturing Day is a national program that encourages companies across the U.S. to provide tours to local high school students and teachers. The goals are to illustrate the high-tech nature of the industry, encourage students to explore careers in manufacturing and STEM subjects, and build relationships between school systems and the manufacturing community.

A group of students, teachers, guidance counselors and school board members from WJCC were able to witness firsthand the advanced logistical operations of Wal-Mart Import Distribution Center and the high-tech food packaging operations of Ball Corp. and Printpack Inc.

“Our region is known for its strength in the hospitality industry. We wanted to let students know there are opportunities in other fields right here in their own community,” said Kate Sipes, one of the event organizers and business development and retention coordinator at James City County Office of Economic Development.

WJCC is also the first public school system in North America to sign up for the Association of Manufacturing Excellence “Adopt a School” initiative. This allows AME to partner with schools and local businesses to share best practices and help design curricula to improve career readiness.

“Manufacturing Day allowed students to see what modern manufacturing is — a sleek, technology-driven industry full of high-paid, fulfilling careers,” said Glenn Marshall, chair of AME’s Manufacturing as a Desirable Career Path program.

Just down the road, Newport News Shipbuilding also hosted a similar event to educate guidance counselors from the region on the advanced operations and rewarding careers available at the shipyard.

Virginia continues to be a leader in preparing students for advanced manufacturing careers with strong STEM education programs. To learn more, click here.

WJCC students, teachers and school administrators gather for a tour of Printpack Inc. as part of national Manufacturing Day.

Virginia Institute of Marine Science Bolsters the Commonwealth's Oyster Industry

Wednesday, 16 October 2013 11:08 by Info@YesVirginia.org

The Virginia Institute of Marine Science (VIMS) has played an important role in the recovery of the Commonwealth’s oyster industry through its research and educational offerings. 

The popular species of oyster found along the Atlantic Coast is named Crassostrea virginica, literally “Virginia oyster,” because of its predominance in Virginia waters, including the Chesapeake and its tributaries. Unfortunately, the wild oyster beds and natural reefs off Virginia’s coastline have been depleted over the last 100 years due to overfishing, pollution, disease and changing water temperature and saline levels.

These factors have caused the industry to migrate towards aquaculture techniques that involve cultivating oysters and closely monitoring their growth phases on and offshore.

VIMS partners with local oyster farms by sharing its scientific and industry research, providing education on sustainable aquaculture techniques, and guiding companies through the regulation process.

This has enabled small businesses to prosper, such as Rappahannock River Oyster Co. Recently featured in national news, the great grandsons of the founder quickly learned the ropes after taking over the 100-year-old family business in 2001.

Today, the company owns three restaurants and ships 100,000 oysters per week to restaurants all over the U.S., as well as Hong Kong. Rappahannock River Oyster Co. is helping to repopularize the Virginia oyster and offers four flavors. The “Rappahannock” is the sweetest variety and is grown in the Rappahannock River, while “Olde Salts” from the Chincoteague Bay is the saltiest.

According to Rappahannock River Oyster Co. Director of Operations, Captain Anthony Marchetti, “VIMS has laid the foundation to help develop quality seed that allows us to grow more oysters. Over the last five years, we’ve seen a 500 percent increase in the production of our Rappahannock oysters.”

That growth is occurring across the industry. According to VIMS, the number of aquaculture oysters sold by Virginia farms has increased from 0.8 million in 2005 to 28.1 million in 2012.

“Renewed interest in regional flavors and sustainable food practices has helped drive this market,” said Karen Hudson, VIMS Commercial Shellfish Aquaculture Extension Specialist. “It’s already an economically valuable industry and one that has lots of potential to grow. In 2012, there was an economic output of almost $20 million associated with single oyster aquaculture in Virginia.”

Click on the highlighted link to learn more about VIMS aquaculture programs or attend the Virginia Aquaculture Conference in November.

Captain Anthony Marchetti examines a successful crop of the company’s sweet “Rappahannock” oysters, fresh from the Rappahannock River. Photo courtesy of Rappahannock River Oyster Co. 

 

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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 | All posts by info@yesvirginia.org

      Virginia to Offer Foreign Direct Investment Expertise

      Friday, 24 March 2017 09:51 by Info@YesVirginia.org

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

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

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

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

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

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

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

      Save

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

      Wednesday, 1 February 2017 14:25 by Info@YesVirginia.org

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

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

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

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

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

      Save

      Virginia Economic Developers Recognized in National Ranking

      Wednesday, 25 January 2017 14:20 by Info@YesVirginia.org

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

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

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

          - Pandy Brazeau, Virginia Economic Development Partnership

      ·         - Carrie Chenery, Shenandoah Valley Partnership

      ·         - Beth Doughty, Roanoke Regional Partnership

      ·         - Megan Lucas, Lynchburg Regional Business Alliance

      ·         - Buddy Rizer, Loudoun County Department of Economic Development

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

       

      Save

      Staying Focused on What Really Matters

      Friday, 16 December 2016 14:39 by Info@YesVirginia.org

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

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

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

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

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

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

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

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

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

      Sincerely,

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

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      Getting to Know: New River Valley

      Thursday, 1 September 2016 16:30 by Info@YesVirginia.org

      Throughout the year, VEDP embarks on regional familiarization trips, or FAM tours. In August, Charlie Jewell of the New River Valley Alliance lead a small group from VEDP on a tour around the New River Valley (NRV), which included 20 visits to local businesses.

      The NRV covers more than 200 square miles and is home to Giles County, Pulaski County, Floyd County, Montgomery County, the City of Radford and Towns of Blacksburg and Christiansburg. With a growing population of 183,000, the NRV has an incredibly diverse and robust economy for its size.

      In 2015, the region had the second highest job growth rate in Virginia, and this year, Area Development Magazine listed the NRV as having the fourth best workforce in the nation. The Valley is also a constant recipient of quality of life accolades thanks to the area’s beautiful mountainous setting and charming small town atmosphere. The NRV is also bolstered by their esteemed universities, including Virginia Tech and Radford, in addition to the New River Valley Community College.

      On the tour, VEDP visited a wide array of business including Red Sun Farms, Jackson Park Inn, Floyd Commerce Park, Rackspace, Virginia Tech’s Corporate Research Center and the Riverbend Facility.

      To learn more about Virginia’s wide variety of communities, click here.


      Members from VEDP tour available building space in the New River Valley.

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      Virginia’s Woodworking Industry Provides Solid Foundation

      Friday, 26 August 2016 14:31 by Info@YesVirginia.org

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

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

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

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

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

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

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      Foreign Direct Investment Makes Massive Job Impact on Virginia

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

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

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

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

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

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

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


      Governor McAuliffe
      participated in a workforce development panel during SelectUSA.

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      Sumitomo Machinery Corporation Celebrates 50 Years in North America

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

      Distribution Companies Deliver Big Investment to Virginia

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

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

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

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

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

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

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

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

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


      The Vitamin Shoppe distribution center in Hanover County, Virginia.

      Cybersecurity Industry Surges Ahead in Virginia

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

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

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

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

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

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

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

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

       

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      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 | All posts tagged 'virginia'

      Richmond’s Legend Brewing Co. Celebrates 20 Years

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

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

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

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

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

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

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

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

      Virginia Ranked Top 3 in LEED Green Building Certifications

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

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

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

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

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

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

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

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

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

      VEDP Publishes Cybersecurity Export Market Report

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

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

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

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

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

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

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

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

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

      Broadband Access is Key to Economic Growth in Healthcare IT

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

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

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

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

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

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

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

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

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

      Virginia Values Veterans — Helping Employers Reenergize their Labor Pool

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

      FAA Selects Virginia Tech as Test Site for Unmanned Aircrafts

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

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

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

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

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

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

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

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

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

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

      Dan River Region Launches Workforce Readiness Pilot Program for Virginia

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

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

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

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

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

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

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

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

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

      Prince George County Recognized as One of Eight Innovative U.S. Counties by NACo

      Tuesday, 17 December 2013 16:46 by Info@YesVirginia.org
      Prince George County, Va., gained recognition as one of eight innovative counties highlighted in the recently-released report Strategies to Bolster Economic Resilience — County Leadership in Action by the National Association of Counties...

      Prince George County, Va., gained recognition as one of eight innovative counties highlighted in the recently-released report Strategies to Bolster Economic Resilience — County Leadership in Action by the National Association of Counties.

      In the report, NACo highlighted the strategies, partnerships and initiatives these eight counties pursued in their unique approach towards economic development. Founded in 1935, NACo is the only national organization that represents county governments in the U.S.

      Prince George County received recognition for its focus on targeted industries, particularly advanced manufacturing, as the county’s partnership with Rolls-Royce was noted. Rolls-Royce’s 1,000-acre Crosspointe Campus in Prince George County is the company’s largest and most advanced campus in North America. It includes a Rotatives operation and Advanced Airfoil Machining Facility, with room for expansion. 

      Prince George County and Rolls-Royce were also instrumental in establishing the Commonwealth Center for Advanced Manufacturing adjacent to the Crosspointe Campus. CCAM celebrated its grand opening in March 2013 and functions as an applied research center, bringing together leading manufacturers and Virginia’s top educational institutions to collaborate and quickly turn ideas into real-world technologies. 

      Homegrown company Service Center Metals was also mentioned in the study. The company recently celebrated its 10-year anniversary in Prince George County and announced plans to add a compact remelt plant. The company expects to add a total of 35 new jobs and invest $35 million through a two-phase expansion.

      Through partnerships in the public, private and educational sectors, Prince George County has become a hub of advanced manufacturing innovation, drawing additional corporate partners and investment to the area.

      To learn why Virginia has provided an innovative environment, allowing businesses to prosper here for more than 400 years, click here.

      A view of CCAM, adjacent to Rolls-Royce’s Crosspointe Campus in Prince George County, Va.

      Virginia Entrepreneurs — Dr. Lucy’s Takes Gluten-Free Global with VALET Program

      Thursday, 21 November 2013 16:44 by Info@YesVirginia.org
      Ten years ago, Dr. Lucy Gibney’s experience with food allergies was fairly typical for a board-certified emergency medicine physician. That all changed when her four month old son had a life-threatening allergic reaction to infant formula...

      Ten years ago, Dr. Lucy Gibney’s experience with food allergies was fairly typical for a board-certified emergency medicine physician. That all changed when her four month old son had a life-threatening allergic reaction to infant formula.

      Food safety quickly became a priority; however, at the time Dr. Lucy had trouble finding allergy-free products that were both safe and tasted good. Having developed a love of baking and experimenting with recipes since childhood, she combined this with her medical training in nutrition to develop delicious, allergy-free baked goods the whole family could enjoy.

      Dr. Lucy and her husband wanted to share their cookies, brownies and snacks with other families, and thus was born Dr. Lucy’s line of baked goods, free from gluten, milk, eggs, peanuts and tree nuts.

      In 2007, Dr. Lucy’s opened a 2,500-square-foot bakery in Norfolk, Va. The company outgrew this space three years ago and moved into a facility that has now grown to 22,000 square feet, including a dedicated bakery, warehouse, office space and laboratory to ensure sourced ingredients have not been cross-contaminated with any allergens. 

      The company has expanded to more than 100 employees and managed to double sales every year since inception. Dr. Lucy’s began selling to natural food and grocery stores in the Hampton Roads area, and expanded throughout the mid-Atlantic region on its own momentum. Within the first six months, the company established a Midwest presence through an industry trade show in Chicago and gained an introduction to a buyer at Whole Foods Market by attending the Virginia Food and Beverage Expo. Dr. Lucy’s products are now in more than 6,000 retail locations across the U.S.

      Dr. Lucy’s became a member of VEDP’s Virginia Leaders in Export Trade program in July 2012 after some early growth in Canada and the U.K. VALET helped the company research which new markets to focus on, and provided introductions to international consumer products experts, banking relationships and legal consults.

      According to Dr. Lucy, “VALET put everything we needed right there in front of us. We really benefitted from the research component to check our facts and feel comfortable investing resources in a particular direction. Especially as a small company, having a jump start with core competencies in the international arena makes a big difference — it could have taken us years to develop this on our own.”

      Through the VALET program, Dr. Lucy’s is expanding deeper into Europe and is now shipping to Mexico. To learn more about VALET and what VEDP’s international trade program can do for you, click here.

      Dr. Lucy’s develops Spanish-language packaging as it prepares to enter the Mexican market.

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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

      Friday, 24 March 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

      Wednesday, 1 February 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

      Wednesday, 25 January 2017 14:20 by Info@YesVirginia.org