Virginia is Top 3 Again in Business Facilities’ 2012 State Rankings Report

Wednesday, 15 August 2012 16:46 by Info@YesVirginia.org
Virginia again received a top three ranking in two coveted categories—the Commonwealth was ranked No. 3 in Best Business Climate and No. 2 for Economic Growth Potential. Virginia also received top ten recognition in the categories of Employment Leaders, Credit Quality, Per Capita Income, and Workforce Health and Safety...

Virginia again received a top three ranking in two coveted categories—the Commonwealth was ranked No. 3 in Best Business Climate and No. 2 for Economic Growth Potential. Virginia also received top ten recognition in the categories of Employment Leaders, Credit Quality, Per Capita Income, and Workforce Health and Safety.

As part of its eighth annual ranking, Business Facilities magazine weighed factors such as educational climate, the availability of workforce training, cost of labor, infrastructure, utility costs, credit rating and business tax climate. The magazine gave extra credit to states that have established pro-business policies.

According to Business Facilities magazine, “As the Commonwealth continues to rack up an impressive tally of corporate headquarters relocations, Virginia also has established itself as a high-tech hub with its new Commonwealth Center for Advanced Manufacturing, anchored by jet-engine maker Rolls-Royce.”

Virginia also received recognition for its leadership in two industry sectors— Aerospace and Biotech.

The Commonwealth was ranked No. 7 in the category of Aerospace/Defense Industry Leaders. With more than 230 aerospace companies calling Virginia home, the Commonwealth continues to attract industry leaders such as Alcoa Howmet, Cobham Composite Products, Dynamic Aviation, Northrop Grumman, Dynamic Aviation, Orbital Sciences, Rockwell Collins and Rolls-Royce. First in the nation for Department of Defense Prime Contracts in 2011, companies have invested more than $1.5 billion in relocating or expanding in Virginia over the last 10 years.

Virginia was also ranked No. 2 as an Emerging Biotech Hub. Located in the heart of the Mid-Atlantic life sciences cluster, Virginia offers biotech companies access to 11 federally-funded R&D centers as well as leading private institutions, such as SRI International and the Howard Hughes Medical Institute. With the highest concentration of high-tech workers according to Cyberstates 2011, it’s easy to see why nearly 800 life science companies have chosen to locate operations in the Commonwealth.

To learn why companies have prospered in the Commonwealth for more than 400 years, click here.

World’s Largest Credit Union Expands Virginia Footprint

Monday, 13 August 2012 15:53 by Info@YesVirginia.org
Navy Federal Credit Union recently announced plans to expand its member service operation in Winchester, Va. The multi-million dollar investment will bring 400 new jobs to Frederick County...

Navy Federal Credit Union recently announced plans to expand its member service operation in Winchester, Va. The multi-million dollar investment will bring 400 new jobs to Frederick County.

Virginia successfully competed against Florida, as Navy Federal elected to construct an additional building on its Winchester campus.

Headquartered in Fairfax County, Va., Navy Federal’s additional investment in nearby Frederick County is further testament to the success the company has found in Virginia. Navy Federal has operated its member service center in Frederick County for six years, growing to more than 500 employees at the existing facility.

As the world’s largest credit union with $50 billion in assets, Navy Federal has successfully grown from seven members in 1933 to four million members today. The company serves Department of Defense personnel and their families through a full range of financial products and services.

Member service operations are dependent upon skilled employees to provide excellent customer services critical to their success. The company’s continued growth in Virginia illustrates the high quality and motivation of its premier workforce.

As Navy Federal President and CEO Cutler Dawson said, “We have tremendous team members that work at our Winchester facility. This expansion will allow us to bring aboard even more in the future.”

To learn more about Virginia’s skilled workforce and why companies keep coming to the Commonwealth for its pro-business environment, click here.

Cadence Inc. Celebrates Growth in Virginia—Expansion is Ahead of Schedule

Friday, 10 August 2012 13:57 by Info@YesVirginia.org
Secretary Cheng visited Cadence headquarters in Staunton, Va., to announce the company was well ahead of schedule in both job creation and capital investment for the expansion announced in May 2011...

Secretary Cheng visited Cadence headquarters in Staunton, Va., to announce the company was well ahead of schedule in both job creation and capital investment for the expansion announced in May 2011.

In just over a year, Cadence has filled 55 of the 65 jobs the company announced it would create over a three-year period, and the company expects to create 50 additional jobs by the end of the year. Cadence has already put to work $11 million of the $15 million the company announced it would invest over the same three-year period.

A medical instrument components manufacturer, Cadence’s impressive growth is being fueled by strong demand in the medical device industry. The company manufactures high-performance, custom-made cutting blades used in in surgical devices and scientific applications. As a premier contract manufacturer, the company is a sought-after partner for its manufacturing knowledge and high performance solutions.

With options as far away as Costa Rica, Cadence decided to expand at its existing headquarters location at Green Hills Industry and Technology Park in Staunton, Va. Founded in the Commonwealth in 1985, the company has thrived due to Virginia’s pro-business climate, competitive operating costs, and highly-skilled manufacturing workforce.

“Our impressive job creation story is really a story about great employees doing amazing things that open the door for more employees to join our team,” said Cadence CEO Peter Harris. “So as Virginians and Americans, we should all thank the hard work of many individual Cadence employees for their success in creating jobs during this period of economic challenge for the country.”

To learn why manufacturing companies like Cadence continue to find success in the Commonwealth, investing more than $13.7 billion over the last 10 years, click here.

Secretary Cheng congratulates Cadence employees on their tremendous growth at company headquarters in Staunton, Va.

Morooka America Establishes its First U.S. Track Carrier Manufacturing Plant

Tuesday, 7 August 2012 12:45 by Info@YesVirginia.org
Following Governor McDonnell’s announcement in July, last week Morooka America celebrated the opening of its first U.S. track carrier manufacturing plant in Hanover County. The project will bring 50 new jobs to the Central Virginia region...

Following Governor McDonnell’s announcement in July, last week Morooka America celebrated the opening of its first U.S. track carrier manufacturing plant in Hanover County. The project will bring 50 new jobs to the Central Virginia region.

Morooka America will operate under a license agreement with Japan-based Morooka Company Ltd., a leading manufacturer of rubber track carriers used in the construction, pipeline installation and agricultural industries. Using its specialized rubber tracks, the Morooka Carrier offers the additional traction needed to transport heavy materials through challenging terrain.

With the U.S. as the leading export destination for Morooka products, the Virginia facility will allow the company to optimize its supply chain and more efficiently serve and grow its North and South American markets. 

Virginia offers a strategic location for both the manufacturing and distribution of Morooka’s products. With nearly 240,000 workers employed in the manufacturing industry, Virginia’s workforce stands ready to support the industry’s needs.

In addition, Virginia’s central East Coast location and premier logistics network offer easy access to U.S. and international markets. With 14 railroads, six major interstate highways, nine commercial airports, the international Port of Virginia, and the Virginia Inland Port, the Commonwealth’s substantial logistics infrastructure is a major advantage for companies.

To learn why global manufacturing companies continue to establish operations in Virginia, investing more than $13.7 billion over the last 10 years, click here.

Secretary Cheng addresses the crowd at the Morooka America ribbon-cutting event in Hanover County, Va.

International Paper’s Franklin Mill Finds a New Tenant in Tak Investments

Thursday, 2 August 2012 10:10 by Info@YesVirginia.org
This week, Tak Investments Inc. announced it will invest $60 million and create 85 new jobs to establish a recycled tissue plant for its subsidiary, ST Tissue, in Isle of Wight County...

This week, Tak Investments Inc. announced it will invest $60 million and create 85 new jobs to establish a recycled tissue plant for its subsidiary, ST Tissue, in Isle of Wight County.

A win-win for the company and county, this project will repurpose a vacant portion of the International Paper mill in Franklin, Va., making use of machinery already in place.

This news comes within a month of International Paper’s announcement that it recommenced operations at its formerly-closed Franklin Mill. After closing the mill in 2009, International Paper upfit a portion of the mill to manufacture fluff pulp, bringing more than 200 new jobs to the region.

Location and existing infrastructure were key factors in Virginia’s favor, allowing the Commonwealth to successfully compete against Wisconsin. The Franklin Mill location allows the company to take advantage of an existing facility with paper-making machinery and a trained workforce already in place.

In addition, the location not only aligns with the company’s supply chain, but Virginia’s strategic East Coast location and premier transportation infrastructure will allow the company to capture additional market share. 

This project builds on the success Isle of Wight County has experienced on its way towards economic recovery. Recent announcements from Green Mountain Coffee Roasters and International Paper are expected to bring more than 1,000 jobs to the area.

To learn why leading manufacturers continue to select the Commonwealth, investing more than $13.8 billion from 2002 to 2010, click here.

Ace Hardware Celebrates Grand Opening of East Coast Import Center in Virginia

Tuesday, 31 July 2012 15:08 by Info@YesVirginia.org
Last Thursday, Ace Hardware held a ribbon-cutting ceremony to celebrate the grand opening of its East Coast import center at the Centerpoint Intermodal Center in Suffolk, Va...

Last Thursday, Ace Hardware held a ribbon-cutting ceremony to celebrate the grand opening of its East Coast import center at the Centerpoint Intermodal Center in Suffolk, Va.

The project, which includes a 336,000-square-foot facility, was announced last fall and is expected to bring a $14 million investment and 75 new jobs to the Hampton Roads region. 

The East Coast import center builds upon the company’s existing Virginia presence, which includes 275 employees at its regional distribution center in Prince George County, and many more Virginia employees at the 54 independently-owned stores located across the Commonwealth.

As Ace Hardware’s first and only import center on the East Coast, the facility will allow the company to optimize its supply chain to retail locations. It also validates the Hampton Roads region as a center of international trade.

Virginia was selected for its strategic location and premier transportation system, which includes access to the international Port of Virginia, one of the largest intermodal facilities on the East Coast and the only U.S. East Coast location able to handle post-Panamax vessels as first port of call. Virginia also offers 14 railroads, an inland port, six major interstate highways and nine commercial airports.

To learn more about Virginia’s burgeoning logistics industry and why companies have invested more than $1.6 billion in logistics projects across the Commonwealth over the last 10 years, click here.

Representatives from Ace Hardware Corporation, the City of Suffolk and the Commonwealth of Virginia celebrate the grand opening of the company’s new East Coast import center.

Renewable Energy Company Enviva Breaks Ground on Virginia Manufacturing Facility

Friday, 27 July 2012 15:01 by Info@YesVirginia.org
Lieutenant Governor Bill Bolling and Secretary Todd Haymore attended Enviva’s ground-breaking ceremony at the Southampton County Commerce and Logistics Center in Franklin, Va...

On Wednesday, Lieutenant Governor Bill Bolling and Secretary Todd Haymore attended Enviva’s ground-breaking ceremony at the Southampton County Commerce and Logistics Center in Franklin, Va.

Enviva began construction on its 454,000-metric-ton wood pellet manufacturing facility after announcing this project would bring a $75 million investment and 64 new jobs to Southampton County last November. The facility is expected to support more than 100 additional jobs through the company’s logging supply chain.

As a leading biomass fuel supplier, Enviva’s commitment to sustainable practices is evident in its location requirements. To minimize its carbon footprint, the company seeks strategic locations offering close proximity to both biomass sources as well as waterways and ports, for easy shipment to international customers.

Southeastern Virginia is uniquely positioned to meet the company’s needs on both counts. According to Enviva Chairman and CEO John Keppler, “Southampton County has all the elements essential to our success: a rich wood basket, a strong and seasoned timber industry, a skilled and experienced labor force, and is logistically advantaged to our Port of Chesapeake export terminal.”

This past New Year’s Eve, Enviva opened its deep water terminal at the Port of Chesapeake. The company selected Virginia’s Port of Chesapeake for its deep water capacity and ability to handle a variety of vessels. The company’s inaugural shipment consisted of 28,000 metric tons of wood pellets destined for Europe aboard the MV Daishin Maru.

With the Commonwealth's “all-of-the-above” approach to energy, this investment continues Virginia’s quest to lay claim to the title “Energy Capital of the East Coast.” From conventional fuel mining to renewable energy producers, Virginia provides energy companies with the resources for success.

To learn why energy companies have invested more than $4.6 billion in Virginia over the last ten years, click here.

Lieutenant Governor Bill Bolling and Enviva CEO John Keppler (center) join state, local and company officials at the Enviva ground-breaking ceremony in Franklin, Va.

The Institute for Advanced Learning and Research Hosts Launch of Virginia Polymer Coalition

Thursday, 26 July 2012 09:48 by Info@YesVirginia.org
On August 15, the Virginia Polymer Coalition will commence with its inaugural meeting at The Institute for Advanced Learning and Research (IALR) in Danville, Va.

On August 15, the Virginia Polymer Coalition will commence with its inaugural meeting at The Institute for Advanced Learning and Research (IALR) in Danville, Va.

Southern Virginia has seen a growing cluster of polymer technology and manufacturing companies, and a recently commissioned study from the Southside Business Technology Center confirms the need for better industry collaboration and research.

With rising raw materials costs, polymer manufacturers are looking for ways to manage costs as well as find better methods for product testing, materials analysis and recycling.

Sustainability is also a frequent topic in the industry, augmented by customer requests for biodegradable products. Increased interest in Biopolymers as a possible solution has led to the need for additional research in this field.

The Institute for Advanced Learning and Research is an ideal location for this industry hub, offering an existing polymer lab, onsite scientists, and a strong partnership with Virginia Tech faculty.

“Polymer manufacturers represent an important industry in Southern Virginia with products ranging from packaging, including tubes, tape, film and bags to fibre and tires,” said  IALR Executive Director Liam Leightley. “One way for the Virginia Polymer Coalition to support the cluster is for it to regularly host a network meeting for regional polymer companies to be able to meet, discuss and share their business challenges, R&D needs, best practices and industry solutions.” 

To learn more about The Institute for Advanced Learning and Research and Virginia’s broad selection of world-class research institutions, click on the highlighted links.

A view of The Institute for Advanced Learning and Research in Danville, Va.

International Paper Commences Manufacturing Operations at Franklin Mill

Wednesday, 18 July 2012 13:49 by Info@YesVirginia.org
International Paper recently announced it began manufacturing operations at its Franklin Mill in Isle of Wight County. In May 2011, Governor McDonnell announced the company’s plans to invest $83 million to repurpose a portion of its closed mill and create more than 200 new jobs in the region.

International Paper recently announced it began manufacturing operations at its Franklin Mill in Isle of Wight County. In May 2011, Governor McDonnell announced the company’s plans to invest $83 million to repurpose a portion of its closed mill and create more than 200 new jobs in the region.

After closing the paper mill in 2009, International Paper has upfit a portion of the plant to manufacture fluff pulp, a key component in absorbency products such as diapers and hygiene products. The company expects to produce 840 tons per day of high-quality fluff pulp once it ramps up to full production.

“This is a wonderful turnaround story for Isle of Wight County—to have some recovery of the jobs lost in 2009 and repurpose a facility is great news for the region,” said VEDP Managing Director Brent Sheffler.

The company’s familiarity with the assets of the region—including a strong wood basket supply chain and a skilled and dedicated advanced manufacturing workforce—helped Virginia win this project.

Logistics infrastructure was also a critical deciding factor, as the company expects to export a substantial amount of its product. Access to existing rail service and close proximity to the international Port of Virginia made the Franklin Mill the clear choice.

As the third largest global supplier of fluff pulp, this investment allows the company to expand its footprint in this growing market and continue its strong legacy in Virginia’s pro-business environment. 

With more than 6,000 manufacturing companies located in the Commonwealth, click here to learn why leading companies like International Paper continue to invest in Virginia.

Big R Bridge Announces First Virginia Location in Washington County

Friday, 13 July 2012 14:36 by Info@YesVirginia.org
On Tuesday, Lieutenant Governor Bill Bolling attended an event to announce that Big R Bridge, a national leader in developing engineered solutions in steel bridges, corrugated metal structures, retaining wall systems and corrugated pipe, will establish its first Virginia location in Washington County.

On Tuesday, Lieutenant Governor Bill Bolling attended an event to announce that Big R Bridge, a national leader in developing engineered solutions for steel bridges, corrugated metal structures, retaining wall systems and corrugated pipe, will establish its first Virginia location in Washington County.

The $1.9 million investment will be used to convert the former Lynchburg Steel Facility into a manufacturing operation for the company’s prefabricated bridge parts, bringing 32 new jobs to Southwest Virginia.

Big R Bridge has been supplying prefabricated bridges and custom engineered products for more than 40 years, handling more than 10,000 installations to date and creating more than 300 bridges each year.

The new facility in Washington County will allow the company to expand its U.S. footprint and more easily access East Coast markets. Virginia successfully competed against North Carolina for the project.

The Commonwealth was chosen for its strategic location and premier logistics network, offering easy access to Interstates 81 and 77. Virginia was also selected for its exceptional workforce with the advanced manufacturing skills needed to produce the company’s highly engineered solutions.

With names like DuPont, Honeywell, Owens & Minor, Merck and Rolls-Royce, Virginia continues to attract top tier manufacturing companies. To learn why more than 6,000 manufacturers call Virginia home, click here.

Virginia Delegate Landes Named BIO State Legislator of the Year

Wednesday, 11 July 2012 13:33 by Info@YesVirginia.org
The Biotechnology Industry Organization (BIO) honored Virginia Delegate R. Steven Landes as its State Legislator of the Year at the recent 2012 BIO International Convention in Boston, Mass.

The Biotechnology Industry Organization (BIO) honored Virginia Delegate R. Steven Landes as its State Legislator of the Year at the recent 2012 BIO International Convention in Boston, Mass.

Delegate Landes was recognized for his efforts in advancing the field of biotech and supporting legislation to make Virginia a top state to attract and retain life sciences businesses.

BIO is the world’s largest biotech organization and the BIO International Convention is the largest global event for the biotech industry with 15,000 attendees at its annual conference.

Delegate Landes was given the award in the Virginia Pavilion, a 1,500-square-foot space organized by VEDP. The Pavilion showcased Virginia’s universities, companies and local economic development groups in the Commonwealth’s major life science clusters: Northern Virginia, Hampton Roads, Charlottesville, Greater Richmond, and the I-81 Corridor.

With its central location in the Mid-Atlantic Life Science cluster and strong technology and life sciences workforce, Virginia’s biotech industry is on the rise. Top research institutions such as SRI International and the Howard Hughes Medical Institute, as well as leading companies, including Merck, Fareva, McKesson, Teva Pharmaceuticals, and Boehringer Ingelheim have all chosen to locate in the Commonwealth.

To learn more about Virginia’s growing life science industry and why the private sector has invested more than $1.9 billion over the last decade, click here.

Virginia Biotechnology Association Interim Executive Director Jeff Gallagher (left) and BIO Vice President, Alliance Development and State Government Relations Fritz Bittenbender (right) present Delegate Landes with the State Legislator of the Year award.

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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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National Tire Research Center Displays New Tire Testing Machine “Flat-Trac LTRe”

Friday, 26 October 2012 15:23 by Info@YesVirginia.org
This week, the National Tire Research Center (NTRC) hosted a ribbon-cutting ceremony to celebrate the unveiling of its new tire testing machined called the “Flat Trac LTRe”...

This week, the National Tire Research Center (NTRC) hosted a ribbon-cutting ceremony to celebrate the unveiling of its new tire testing machine called the “Flat Trac LTRe.”

This high-performance, $11.3 million machine is the only one of its kind. It allows speeds up to 200 mph on car, truck and motorsports vehicles and tests tire performance during acceleration, brake and burnout events, as well as wheel torque capability.

Located in the Virginia Motorsports Technology Park adjacent to the Virginia International Raceway track in Halifax County, the NTRC provides easy access to real-world testing right on a premier race track.

NTRC is an applied research and testing facility established in 2010 through a public-private partnership between the Virginia Tech Transportation Institute, General Motors, the Institute for Advanced Learning and Research, and the Virginia Tobacco Indemnification and Community Revitalization Commission.

By combining the industry leadership of General Motors with the research prowess of Virginia Tech, NTRC will focus on developing safer tires that are environmentally friendly, providing higher fuel economy with lower emissions.

Southern Virginia has become quite a hub for the automotive industry. NTRC has partnered with nearby Southern Virginia Vehicle Motion Lab (SoVa Motion), a facility also operated by Virginia Tech that rounds out the region’s offering to automotive manufacturers by providing shock and suspension testing, on-vehicle sensing, and full-motion driving simulation.

Virginia's advanced manufacturing capabilities cover all aspects of the automotive industry. To learn why automotive companies have invested more than $1 billion in the Commonwealth over the last decade, click here.

Dr. Tom Dingus, director of the Virginia Tech Transportation Institute, addresses the crowd at the National Tire Research Center ribbon-cutting event in Halifax County.

New Coatings Research Facility “C-CARE” Unveiled in South Boston, Virginia

Thursday, 25 October 2012 14:56 by Info@YesVirginia.org

The Center for Coatings Application, Research, and Education (C-CARE) was unveiled this Monday at a ribbon-cutting ceremony in South Boston, Va.

C-CARE’s mission is to help commercialize solutions in the field of surface engineering and attract advanced manufacturing companies to the region by providing workforce training, R&D, and improved links between educational institutions and industry partners.

The 12,000-square-foot, climate-controlled facility includes a lab equipped with advanced robotics, reciprocating spray equipment, and virtual reality training systems. C-CARE’s lab will be used to test new coatings technologies and design solutions that increase product quality and efficiency for applications in the aerospace, automotive, construction, food, manufacturing and wood industries.

This two-year project is the result of collaboration between Halifax Industrial Development Authority, the Riverstone Energy Center, and the Southern Virginia Higher Education Center. 

The American Wood Finishing Institute (AWFI) will operate and staff the facility. As a leading provider of coatings technology training and consulting, AWFI will offer C-CARE access to subject matter experts with real-world experience applying coatings to metal, wood, plastics and other composite materials.

C-Care augments Virginia’s existing strength in the advanced manufacturing sector, as leaders such as the Altria Group, DuPont, Honeywell, MeadWestvaco and Rubbermaid have all established operations in the Commonwealth.

To learn why Virginia is home to more than 6,000 manufacturing establishments, click here.

Virginia Deputy Secretary of Commerce and Trade for Rural Development Mary Rae Carter (center) joins members of C-CARE, industry partners, and state and local officials at the ribbon-cutting ceremony in South Boston, Va.

UBED Advances: VEDP and Virginia’s Universities Sign Agreement

Tuesday, 23 October 2012 13:24 by Info@YesVirginia.org
University-Based Economic Development (UBED) has been a top priority for Virginia, and yesterday VEDP executed a Memorandum of Understanding (MOU) with Virginia’s public institutions of higher education and the State Council of Higher Education for Virginia (SCHEV)...

University-Based Economic Development (UBED) has been a top priority for Virginia, and yesterday VEDP executed a Memorandum of Understanding (MOU) with Virginia’s public institutions of higher education and the State Council of Higher Education for Virginia (SCHEV).

Through increased partnership in marketing and outreach, the goals of the MOU are to unify Virginia’s message in the global marketplace and provide a higher number of corporate contacts for VEDP and increased opportunities for Virginia’s institutions of higher education to interact with corporate entities.

The MOU creates a formal framework around an already existing relationship between VEDP and Virginia’s colleges and universities. Virginia’s UBED team has been in existence for seven years and has fostered collaboration on numerous workforce development and research projects.

According to VEDP President and CEO Martin Briley, “This MOU provides a meaningful blueprint to more fully leverage higher education as a differentiator in our economic development outreach marketing, and it reinforces the message to our corporate partners that our public colleges and universities are dedicated to leveraging research and workforce assets to benefit the business community.”

Access to a solid pipeline of skilled and educated employees can be a deciding factor when companies seek to relocate or expand operations. Virginia has one of the most well-educated workforces in the country—more than 34 percent have at least a bachelor’s degree and more than 500,000 students are enrolled annually at Virginia’s top-ranked higher education institutions.

To learn more about the Commonwealth’s premier education system and why its workforce is consistently commended by companies, click here.

(From left to right) Secretary of Commerce and Trade Jim Cheng; Peter Blake, Executive Director of SCHEV; Dr. Michael Rao, President of Virginia Commonwealth University; Secretary of Education Laura Fornash; and Martin Briley, President and CEO of VEDP; participate in the MOU signing ceremony.

RTI International Metals Inc. Commences Titanium Production at Martinsville Plant

Friday, 19 October 2012 13:59 by Info@YesVirginia.org
Last Thursday, RTI International Metals Inc. (RTI) hosted an event celebrating its inaugural production of certified commercial aerospace titanium for Airbus...

Last Thursday, RTI International Metals Inc. (RTI) hosted an event celebrating its inaugural production of certified commercial aerospace titanium for Airbus.

The $135 million forging, grinding and hot rolling manufacturing facility was first announced in 2008. The plant is located at the Patriot Centre, an industrial park jointly developed by Henry County and the City of Martinsville.

While 25 jobs have been created to date, that number is expected to increase as the plant ramps up production. At full capacity the facility can produce 14 million pounds of product annually.

The inaugural production follows 10 months of certification testing to meet the high quality standards of Airbus. The titanium will be used in Airbus’ passenger jets, including the company’s A350 XWB aircraft. As RTI completes additional qualifications, it expects its titanium to be used in an extended number of Airbus programs.

According to RTI Vice Chairman, CEO and President Dawn Hickton, “RTI is the largest North American titanium supplier to Airbus and its parent company, EADS, and this new facility adds an additional link in RTI’s ability to meet their needs across the entire supply chain.”

This project exemplifies the strength of Virginia’s advanced manufacturing capabilities across the Commonwealth. The aerospace industry is taking note as well:  Business Facilities magazine ranked Virginia No. 7 as an Aerospace/Defense Industry Leader in its 2012 State Rankings Report.

More than 230 aerospace companies are located in Virginia and the Commonwealth has received more than $1.5 billion in capital investment for aerospace projects over the last ten years. To learn more, click here.

Governor McDonnell addresses company and local officials at the RTI International Metals event in Martinsville, Va.

RockTenn Hosts Ribbon-Cutting Ceremony for Natural Gas Pipeline

Wednesday, 17 October 2012 16:57 by Info@YesVirginia.org
RockTenn hosted a ribbon-cutting ceremony celebrating the completion of a pipeline supplying natural gas to its mill in West Point, Va...

Last week, RockTenn hosted a ribbon-cutting ceremony celebrating the completion of a pipeline supplying natural gas to its mill in West Point, Va.

RockTenn and Virginia Natural Gas collaborated with Dominion Virginia Power, New Kent County, King William County and the Town of West Point to ensure the project was a success.

The 11-mile pipeline will run along Dominion Virginia Power’s right-of-way and connect Virginia Natural Gas' line in New Kent County to the West Point Mill.

RockTenn is also investing in its West Point Mill to make the facility more efficient and reduce emissions, lessening the mill’s carbon footprint.

The West Point Mill produces containerboard used in the company’s consumer packaging products. In operation since 1914, the mill is the region’s largest employer with a workforce of 550. RockTenn operates facilities across the Commonwealth, including a mill in Hopewell and a converting plant in Henrico County, Va.  

The natural gas pipeline represents a significant improvement in infrastructure, positioning the region for additional growth.

Virginia is home to more than 6,000 manufacturing establishments. To find out why manufacturers have invested more than $13.8 billion in the Commonwealth over the last decade, click here.

Carrie Roth (center), Deputy Secretary of Commerce and Trade, is joined by company, local and regional officials at the RockTenn West Point Mill ribbon-cutting ceremony.

Virginia Beach Hosts 2012 AWEA Offshore Wind Conference

Monday, 15 October 2012 16:32 by Info@YesVirginia.org
Virginia Beach recently hosted the 2012 AWEA Offshore Wind Conference, welcoming offshore wind energy leaders from across the globe...

Virginia Beach recently hosted the 2012 AWEA Offshore Wind Conference, welcoming offshore wind energy leaders from across the globe.

Coming shortly after Governor McDonnell’s Conference on Energy in Richmond, Va., the Commonwealth continues to lay claim to the title “Energy Capital of the East Coast.”

Lieutenant Governor Bill Bolling spoke at the opening ceremony and VEDP Managing Director Jerry Giles was one of the panelists for the Virginia Spotlight session. Representatives from the Port of Virginia, the Virginia Department of Mines, Minerals, and Energy, and the Virginia Department of Commerce and Trade spoke at events throughout the conference.

In addition, VEDP shared a trade show booth with Poseidon Atlantic in close proximity to Fugro and the Virginia Offshore Wind Coalition. Other Virginia-based companies in attendance included Apex Wind Energy, Bechtel Corp., and Maersk Line Limited.

VEDP and its partners continue to promote Virginia as the natural choice for the offshore wind industry. With its strong Class 6 winds, Virginia offers companies a central mid-Atlantic location, a high voltage transmission grid close to shore, and a premier maritime workforce with the largest industrial military complex in the U.S.

While the industry awaits news on the U.S. Bureau of Energy Management’s (BOEM’s) competitive auction process from its call for nominations last February, Virginia companies continue to make progress both on and offshore. 

Poseidon Atlantic has installed its Light Detection and Ranging (LIDAR) monitoring position in Northampton County, Va., as part of its wind measurement campaign. The results show wind conditions are better than expected. The company has also commenced its phase two study investigating offshore testing sites.

Wind energy remains an important component of Virginia’s all-of-the-above approach to the energy crisis. Home to more than 380 energy companies, the Commonwealth has seen more than $4.6 billion invested in energy projects over the last ten years. To learn more, click here.

Deputy Secretary of Commerce and Trade Carrie Roth speaks about Virginia’s wind resources to a group of wind energy leaders at a dinner hosted by VEDP.

CCAM Member Company Sponsors Seminar for Virginia’s Engineering Students

Friday, 12 October 2012 09:32 by Info@YesVirginia.org
Chromalloy, one of seven Organizing Members of the Commonwealth Center for Advanced Manufacturing (CCAM), announced its sponsorship of an industrial casting seminar for Virginia State University students. Chromalloy is a leading supplier of repairs, replacements parts and maintenance for gas turbines used in the aviation industry...

Chromalloy, one of seven Organizing Members of the Commonwealth Center for Advanced Manufacturing (CCAM), announced its sponsorship of an industrial casting seminar for Virginia State University students. Chromalloy is a leading supplier of repairs, replacements parts and maintenance for gas turbines used in the aviation industry.

This program is one of the first educational initiatives launched through CCAM, an applied research center that partners top Virginia universities with leading Virginia manufacturers.

The three-day seminar is designed to educate engineering students on the latest techniques used in the casting manufacturing process. VSU students will learn a variety of processes, including wax injection and the assembly of molds, investment, pouring, and final part finishing, as well as proprietary processes developed by Chromalloy.

Located on Rolls-Royce’s Crosspointe Campus in Prince George County, Va., CCAM represents a public-private collaboration offering faster commercialization of technologies for Virginia companies and enhanced educational opportunities for Virginia’s students. Research partners include Virginia State University, University of Virginia and Virginia Tech, and manufacturing partners include Canon Virginia Inc., Newport News Shipbuilding, Rolls-Royce, Sandvik Coromant, Siemens, and Sulzer Metco.

CCAM is one example of Virginia’s commitment to innovation. Home to 11 Federally Funded R&D Centers and 19 Federal Laboratory Consortium (FLC) Laboratories, including DARPA and NASA Langley Research Center, click here to learn why companies continue to select the Commonwealth as a leader in technology.

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

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

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

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

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

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

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

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

McKesson Announces Third Distribution Center in Virginia

Wednesday, 26 September 2012 14:19 by Info@YesVirginia.org
This week, McKesson Corp. announced its third distribution center in the Commonwealth. The Frederick County project is expected to bring a $36.9 million investment and 205 new jobs to the region...

This week, McKesson Corp. announced its third distribution center in the Commonwealth. The Frederick County project is expected to bring a $36.9 million investment and 205 new jobs to the region.

Ranked No. 14 on the Fortune 500, McKesson is the largest pharmaceutical wholesaler in North America, delivering one-third of the medicines used each day.

The company plans to establish a 450,000-square-foot, build-to-suit distribution center in Frederick County for its Medical-Surgical business unit. Henrico County is already home to McKesson’s Medical-Surgical divisional headquarters as well as a distribution center.

This announcement is a strong follow-up to a project completed earlier this year. In April, McKesson celebrated the grand opening of its state-of-the-art distribution center in Caroline County. 

McKesson continues to choose Virginia for its strategic location and proximity to customers along the East Coast. With six major highways and the third largest state-maintained transportation network in the country, Virginia allows companies to improve their supply chain efficiency.

Over the last 10 years, global logistics companies have announced more than 360 projects in Virginia, totaling more than $1.6 billion in capital investment. To learn more about Virginia’s world-class logistics infrastructure, click here.

Fulcrum Concepts Breaks Ground on Headquarters in Virginia’s King and Queen County

Friday, 21 September 2012 09:12 by Info@YesVirginia.org
Fulcrum Concepts recently hosted a ground-breaking ceremony for its new headquarters location at the Middle Peninsula Regional Airport in King and Queen County, Va. Initially announced in January 2012, the project is expected to bring a $4.6 million investment and 31 new jobs to the region...

Fulcrum Concepts recently hosted a ground-breaking ceremony for its new headquarters location at the Middle Peninsula Regional Airport in King and Queen County, Va. Initially announced in January 2012, the project is expected to bring a $4.6 million investment and 31 new jobs to the region.

Founded in Virginia by three veterans in 2008, Fulcrum Concepts provides intelligence, surveillance and reconnaissance (ISR) training to integrate air, ground and intelligence assets. The company’s military and civilian customers include the Department of Defense, Homeland Security and various law enforcement groups.

The location at Middle Peninsula Regional Airport was selected as it offered the right balance of security with access to military-trained personnel from the Hampton Roads region. Each year, about 18,000 people exit Virginia military bases and enter the civilian workforce, providing a steady pipeline of skilled workers. 

In addition, Virginia’s position as a technology leader is well established—the Commonwealth provides companies with the highest concentration of high-tech workers, according to Cyberstates 2011.

Speaking about the benefits of Middle Peninsula Regional Airport, Managing Member of Fulcrum Concepts Michael Zinanni stated, “The airport has come under outstanding professional management, enhanced airport service and navigational aid improvement, and significant infrastructure improvements to include a runway and taxiway resurface able to accommodate a wide variety of aircraft. The vision for growth is in line with our desire to bring top quality professional service to our customers and community.”

Virginia continues to attract aerospace companies, bringing more than $1.5 billion in investment to the Commonwealth over the last 10 years. To learn why more than 230 aerospace companies call Virginia home, click here.

Lieutenant Governor Bill Bolling (center) is joined by company and local officials at the Fulcrum Concepts ground-breaking ceremony in King and Queen County, Va.

Virginia’s Mid-Atlantic Regional Spaceport Gets Closer to Launch Dates

Thursday, 20 September 2012 09:54 by Info@YesVirginia.org
Virginia Commercial Space Flight Authority (VCSFA) and Orbital Sciences Corporation recently signed a second Memorandum of Understanding, outlining their partnership to develop and improve the liquid-fuel-capable launch facility at Virginia’s Mid-Atlantic Regional Spaceport (MARS)...

Virginia Commercial Space Flight Authority (VCSFA) and Orbital Sciences Corporation recently signed a second Memorandum of Understanding, outlining their partnership to develop and improve the liquid-fuel-capable launch facility at Virginia’s Mid-Atlantic Regional Spaceport (MARS).

This public-private partnership indicates Virginia is at the forefront of the latest developments in aerospace—the growth of the commercial space sector. Virginia’s space industry is substantial, currently delivering $7.6 billion in economic output and supporting 28,110 jobs, according to a recent press release from Governor McDonnell.

Over the next few years, Orbital plans to utilize the MARS launch pad for eight cargo resupply missions to the International Space Station as part of its Antares rocket program. Orbital will also use the facility for test and demonstration flights.

Located at the NASA Wallops Flight Facility on Virginia’s Eastern Shore, MARS currently operates two launch pads, one for liquid fuel vehicles and one for solid fuel vehicles. Its full service capabilities and designation as both an Enterprise Zone and Foreign Trade Zone provides commercial, government, scientific and academic customers with low-cost access to space.

MARS is one of only four commercial sites authorized by the FAA for orbital space launches. In addition, MARS offers a low-risk trajectory over the Atlantic Ocean and optimal access to the orbit of the International Space Station.

To learn more about MARS and other facilities that make up Virginia’s burgeoning aerospace industry, click here.

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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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A Successful Tomorrow Starts Today

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

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

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

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Third Time's a Charm- Virginia Ranked CNBC's Top State for Business

Wednesday, 29 June 2011 11:42 by Info@YesVirginia.org

Virginia has done it again—CNBC announced that Virginia has reclaimed the award for “Top State for Business.” Since the rankings began five years ago, Virginia has remained in the top two spots, with first-place finishes in 2007, 2009 and now 2011, and second place awards in 2008 and 2010. This year, Virginia was followed by Texas at number two, North Carolina as number three, and Georgia and Colorado coming in at fourth and fifth.

The news was announced live from Mount Vernon, Virginia. Speaking about Virginia’s win, CNBC Senior Correspondent Scott Cohn, said, "With an unprecedented fiscal crisis at the state level, never has it been tougher to stay competitive. But Virginia met the challenge on every level, achieving the highest point total in the history of our study, and finishing in the top half of every category. In the see-saw battle between Virginia and Texas, Virginia is back on top--for now."

CNBC took an in-depth look at why Virginia again came out on top. Using publicly available data, each state was scored on 43 different measures of competitiveness. States received points based on their rankings in each metric, which were then separated into 10 broad categories: Cost of Doing Business, Workforce, Quality of Life, Economy, Infrastructure & Transportation, Technology & Innovation, Education, Business Friendliness, Access to Capital and Cost of Living.

Not only did the Commonwealth win the highest ranking—Virginia received the highest point total in the history of the rankings, finishing in the top-half of every category ranked.

Virginia has often been lauded for its strategic location, friendly business climate and diverse economy, and this year’s CNBC top ranking was no different. The Commonwealth also showed marked improvements in its tax burden and education. Not only that, Virginia finished in the top ten in five categories: Infrastructure & Transportation at number 10, Economy at number 8, Education at number 6, second in Business Friendliness and tenth in Access to Capital.

So when people ask why they should “Say Yes” to Virginia, don’t just take our word for it—ask the experts.

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Volvo Trucks Achieves Energy Efficiency Goals

Monday, 27 June 2011 09:41 by Info@YesVirginia.org

 Volvo is currently working toward a corporate goal of making all of its manufacturing facilities carbon dioxide neutral by 2012- a goal that requires alternative uses of renewable energy, as well as reducing overall energy consumption at its plants.

Volvo Trucks, located in Dublin, Virginia, took the goal even farther, hoping to reduce consumption by 25% in a single year at its New River Valley plant.  Check out this article on the U.S. Department of Energy’s site, which highlights Volvo Trucks’ success in achieving its goals, and the steps it took to get there.

 

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Virginia Tech Corporate Research Park Receives Award of Excellence

Thursday, 23 June 2011 11:20 by Info@YesVirginia.org

 “Outstanding”, “Exceptional leadership in innovation”, “Driving innovation in communities” –These are just a few of the attributes describing Virginia Tech’s Corporate Research Park, which was recently awarded the 2010 Award of Excellence by the Association of University Research Parks (AURP). In its 15th year, the Award of Excellence recognizes the achievements of research parks and industry partners. The award looks to research parks that successfully bring technology from its initial stages in the laboratory to applicable business solutions, which in turn promotes sustainable economic development in the region through jobs, revenue, and overall business growth.

The Virginia Tech Corporate Research Park currently houses over 140 high-tech companies and research centers that employ more than 2,200 people in 27 buildings. A Phase II build-out is planned for the park, adding 28 buildings totaling 950,000 square-feet, and housing 3,000 employees over the next decade. The park is adjacent to the Virginia Tech campus in Blacksburg, Virginia.

Check out the link below for more information on the 2010 Award of Excellence and a video about the Virginia Tech Corporate Research Park:

The 2010 Award of Excellence

 

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From Rebuild to Reopen

Monday, 23 May 2011 08:24 by Info@YesVirginia.org

During the month of April, the South was devastated after hundreds of tornados tore through the region.  Homes and businesses were damaged and even destroyed, leaving those affected with little to do but pick up the pieces.

In the face of such destruction, it’s difficult to see the light at the end of the tunnel—and for many—getting back on their feet could take months.  So when we heard the news that Utility Trailer Manufacturing Company was already reopening their manufacturing facility in Washington County, we were thrilled.

Utility’s dry van plant was struck by a tornado on April 28,th leaving considerable damage to the roof and building, but fortunately sparing the company’s 340 employees.  The plant manufactures Utility’s 4000D and 4000D-X Composite™ dry van trailers and it was a priority to get the facility up and running after the storm. Utility’s President, Harold Bennett praised employees and contractors saying, “[they] have done a masterful job of clean-up, debris removal, clearing damaged inventory, and helping the community rebuild what was lost from the tornado devastation.”  He went on to say, “the committed effort by Utility employees at cleaning up and restarting Glade Spring reinforces [his] faith in the human spirit and people’s ability to rise above near tragedy.”

Bennett’s praise is certainly not news to us here in Virginia. Our workforce is continually lauded by companies as hard-working, highly-skilled and educated, and diverse in their abilities and skill-sets. And as Virginians, we know that our workers aren’t just ready to perform the tasks at hand, they are also invested in their communities and in the lives of fellow citizens. So while disaster is never welcome, our workforce— one of Virginia’s biggest assets—continues to prove that they are the backbone of successful industry.

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The Big Apple

Monday, 23 May 2011 08:21 by Info@YesVirginia.org

Last Tuesday, Governor Bob McDonnell and members of the Virginia Economic Development Partnership traveled to the Big Apple to promote the Commonwealth.  A short, but busy one-day marketing trip, the Governor met with corporate partners throughout the morning and hosted a luncheon for business representatives and consultants from the greater New York area.  Following the luncheon, the Governor headed to NASDAQ to preside over the day’s closing ceremony and spoke from the floor with Bloomberg Business Week and Cavuto from Fox News.  Check out some of the photos from the day.

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We're wired up!

Friday, 22 April 2011 13:34 by Info@YesVirginia.org

A new industry sector continues to gain momentum here in Virginia and we’re not the only ones spreading the word. Southern Business & Development magazine ranked three Virginia data center sites in their winter 2011 “Ten Best Data Sites in the South” list. Scott County Regional Business and Technology Park in Duffield, Quality Technology Services in Richmond and GigaParks in southern Virginia all made the cut.

IT operations are an essential aspect of most companies’ operations today, and maintaining a functional data center is crucial to continuing business success. Virginia’s multiple data center locations offer an array of necessary resources to meet the increasing demand for these sites.  From existing infrastructure to ready-to-develop sites, Virginia has locations across the state- both in close proximity to Washington D.C. as well as throughout rural southern Virginia. In fact, Southern Business & Development said, “Southern Virginia is so wired up that we really couldn’t pick a specific site in that part of the state as one of our best data center sites simply because there are so many of them."

InAugust 2010, Microsoft Corp. announced their plans to open a $499 million next generation data center at one of these sites in southern Virginia. The largest investment in southern Virginia history, this project in Mecklenburg County demonstrates Virginia’s commitment to meeting the needs of businesses through a continual development of state-of-the-art infrastructure.

As data centers continue to be a buzz word across the south, you can count on Virginia to remain a front runner in providing top-notch data center sites in a pro-business environment.

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VEDP VALET Graduate Receives Prestigious National Award

Tuesday, 4 January 2011 10:18 by Info@YesVirginia.org

SteelMaster Buildings, LLC of Virginia Beach has been honored with the Growth Through Global Trade Award, a prestigious national award created by UPS in support of the National Export Initiative. SteelMaster Buildings, which recently completed VEDP’s Virginia Leaders in Export Trade (VALET) program, was the only company in the entire United States to receive the award.

Recognizing that 95 percent of the world’s consumers live outside of the U.S., SteelMaster Buildings began to develop an international sales strategy five years ago. The company added a multilingual employee to work with its sales team. In July 2007, SteelMaster Buildings joined VEDP’s VALET program and began implementing its international sales strategy.

VEDP's VALET program incorporates services from a team of experienced international service providers who assist the VALET companies with their international goals. Service providers such as attorneys, Web designers, bankers, translators and freight-forwarders contribute essential skills for expansion into international markets.

When SteelMaster joined the program, the company’s international network consisted of four representatives. In less than two years, SteelMaster Buildings’ network grew to more than 40 representatives. Today, the Virginia company has more than 40,000 buildings worldwide in more than 40 countries and on six continents. SteelMaster Buildings graduated from the VALET program in July 2009 and continues to work with VEDP’s International Trade team to reach new goals of establishing relationships in Latin America, Eastern Europe, and China.

Read the article about SteelMaster Buildings’ success. For more information about VEDP and the VALET program, e-mail Leslie Parpart at lparpart@yesvirginia.org or Oscar Ruiz at oruiz@yesvirginia.org.

Preparing Virginia's Future Engineers

Wednesday, 29 December 2010 15:16 by Info@YesVirginia.org

The Commonwealth Graduate Engineering Program is a long-standing program that has demonstrated Virginia's higher education partnerships for many years. It continues to support the workforce needs of significant advanced manufacturing employers in the Commonwealth. This article is worth the short read.

A Rolls-Royce Style Celebration

Monday, 19 October 2009 15:37 by Info@YesVirginia.org

It’s not unusual for companies to recognize their customers at milestone celebrations.

It’s not even that atypical to give customers some podium time.

But when the customer is the United States Marine Corps, and they arrive at a Rolls-Royce North America event in a Bell-Boeing V-22 Osprey, a multi-mission, military tiltrotor aircraft powered by a Rolls-Royce engine, that’s a bit out of the ordinary.

Not one—but two—40,000-pound V-22s appeared from out of nowhere this morning to usher in construction of Rolls-Royce North America’s first U.S. built-from-the-ground-up manufacturing facility in Prince George County, Virginia. Located on more than 1,000 acres, Crosspointe is the company’s largest site by area in North America, where Rolls-Royce will manufacture, assemble and test a range of aerospace components and products. Initial Rolls-Royce investment is $170 million, with a project total anticipated to be about $500 million. The first phase of work will create about 140 jobs, and Rolls-Royce expects to hire a total of 500 workers before all is said and done. The project was announced in November 2007.

Instead of the typical shovel-piercing-ground ceremony, Rolls-Royce North America CEO Jim Guyette and Virginia Governor Tim Kaine hoisted two flags—one bearing the Rolls-Royce logo and the other symbolizing the Commonwealth of Virginia—with help from none other than the Marines themselves.

 

 V22 Osprey Lands in Prince George County

 

Governor Kaine attends ground breaking

We Blow a Lot of Hot Air

Monday, 14 September 2009 09:33 by Info@YesVirginia.org

We tout Virginia’s East Coast location as both a premium tourism destination and an economic development plus. For tourists, Virginia offers beautiful beaches and an oasis for water sports enthusiasts. But Virginia’s geographic fortune, particularly in the Hampton Roads region, also lends itself to an industry that is growing in importance. Our coastal seat is a cream-of-the-crop location for offshore wind projects.

The Hampton Roads region is well positioned to become a hub for offshore wind supply.  According to the U.S. Department of Energy, Virginia offers a class 6 (outstanding) wind power classification within 10-15 miles of shore and within close proximity to major power demand centers. The risk of major hurricane strikes is minimal in the Commonwealth, which boasts a robust coastal transmission grid, and Virginia is one of only 10 states to possess a shallow water resource base, which is important for turbine placement.

Class 6 winds are located virtually beyond the visual horizon, so those folks who loathe the idea of a turbine view need not worry. They would barely be seen, even on the clearest of days.

Virginia and its partners are working to leverage the Commonwealth’s assets to become a leading provider of wind energy. University partners, including James Madison University, Old Dominion University, William & Mary (VIMS), the University of Virginia and Virginia Tech are engaged in wind research and development, as are corporate partners such as Dominion Power, AREVA, GE Energy, SAIC, and NASA Langley Research Center. Most recently, Dabney S. Lancaster Community College began assembling a wind energy turbine technician training curriculum that covers everything from wind safety to turbine troubleshooting and repair. The college plans to offer the curriculum in 2010.

When the companies come a knockin, we hope to be ready. The Commonwealth’s wind potential is already attracting attention from energy industry leaders such as AREVA, a major Virginia employer that is seeking a location for future wind turbine manufacturing plants. In a recent Daily Press article (http://www.dailypress.com/news/dp-local_windfarm_0904sep04,0,7182547.story) , it was estimated that construction of 100 wind turbines off of Virginia’s coast could create 8,000-10,000 new jobs. How’s that? Turbine manufacturers want to be close to their client.

Wise County in Southwest Virginia last week approved BP Wind Energy’s and Dominion’s plans to move forward with construction of a wind farm within its borders. Nearby Tazewell County is considering a similar proposal. The Southwest region of the Commonwealth provides class 4 (good) wind.

We look forward to working with energy prospects to leverage the potential of our wind—regardless of the region. For more information about VEDP’s energy industry efforts, visit www.YesVirginia.org.

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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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    • December 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

      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.

       

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      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 | Virginia’s Woodworking Industry Provides Solid Foundation

      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.