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

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

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

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

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

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

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

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

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

YesVirginia Business Blog | All posts tagged 'winchester'

Kraft Foods Invests $25 Million to Expand Virginia Plant

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

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

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

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

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

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

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

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.

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About VEDP

Virginia Economic Development Partnership is the Best State for Business

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

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    • YesVirginia Business Blog | All posts tagged 'FAA approved'

      Wise, Virginia is Home to First FAA Approved Drone Delivery of Medical Supplies in the U.S.

      Friday, 17 July 2015 15:18 by Info@YesVirginia.org
      Today’s event, called Let’s Fly Wisely, is the first FAA approved delivery of medical supplies by drone in the U.S...

      Today’s event, called Let’s Fly Wisely, marked the first FAA approved delivery of medical supplies by drone in the U.S.

      This research mission was overseen by the Mid-Atlantic Aviation Partnership, one of only six groups across the U.S. that won FAA approval to conduct Unmanned Aerial System research at sites across Virginia, New Jersey and Maryland. MAPP is headquartered at Virginia Tech’s Institute of Critical Technology and Applied Sciences.

      The mission began when NASA Langley Research Center flew about twenty prescriptions from Tazewell County Airport to the Lonesome Pine Airport in Wise, Va., in an SR22 aircraft. The plane was operated remotely, but had a pilot on board for backup and safety purposes.

      The prescriptions were then transferred into smaller packages, flown in 10-pound drones provided by Australian company Flirtey Inc. and delivered to the Remote Area Medical tent at the Wise County Fairgrounds. Remote Area Medical has served the people of Wise County for more than 15 years.

      This project demonstrates one of the humanitarian outcomes of UAS technology could include delivery of medical supplies to underserved or remote areas.

      Flirtey Inc. Founder and CEO Matt Sweeney called this a “Kitty Hawk moment” for Wise County and the UAS industry.

      The success of this event and its location in the Commonwealth furthers Virginia’s leadership position in the aerospace industry. To learn why more than 260 aerospace companies have chosen to operate in Virginia, click here.

      Governor McAuliffe holds one of the first medical prescriptions delivered by drone in the U.S. at the Let’s Fly Wisely event in Wise, Va. Photo courtesy of Virginia Tech College of Engineering.

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      About VEDP

      Virginia Economic Development Partnership is the Best State for Business

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

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      © Copyright 2016

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

      The Port of Virginia Reinvests in Richmond Marine Terminal

      Wednesday, 10 February 2016 09:54 by Info@YesVirginia.org
      The Port of Virginia signed a lease to continue operation of Richmond Marine Terminal through 2056 allowing the port to implement a long-term strategy to reinvest in RMT.

      The Port of Virginia signed a lease to continue operation of Richmond Marine Terminal through 2056 allowing the port to implement a long-term strategy to reinvest in RMT.

      In order to modernize the 120-acre barge terminal, a $4.2 million 350-ton crane was installed at RMT, which will speed up the loading and unloading of the container barge.

      A new barge was added with 50 percent more capacity to carry containers in a single trip. Rail upgrades, regular dredging, new cargo-moving equipment and other improvements are also scheduled to occur.

      RMT is strategically located along the James River and I-95, and connects Richmond and the state to global trade through The Port of Virginia’s container terminals in the Norfolk Harbor.

      The Port of Virginia offers direct service to more than 45 counties worldwide. It’s the only U.S. East Coast port with congressional authorization for 55-foot depth channels, and has the ability to be the first and last port of call.

      To learn more about Virginia’s port and infrastructure advantages, click here.


      New crane at Richmond Marine Terminal during lease signing event in Richmond.

      Virginia — Largest Data Center Market in U.S. Brings Significant Economic Impact

      Thursday, 4 February 2016 13:28 by Info@YesVirginia.org
      Northern Virginia has surpassed the Tri-State New Jersey / New York region as the largest data center market in the U.S., with nearly 20 percent of the market share in enterprise demand in 2015, according to a study published by JLL.

      Northern Virginia has surpassed the Tri-State New Jersey / New York region as the largest data center market in the U.S., with nearly 20 percent of the market share in enterprise demand in 2015, according to a study published by JLL.

      Although Virginia’s data center industry is largely concentrated in Northern Virginia, the sector supports communities across the Commonwealth. In 2014, the total statewide economic impact attributable to the data center industry was approximately 36,043 jobs, $2.7 billion in wages, $8.6 billion in economic output, and $298.9 million in state and local tax revenue.

      The substantial benefit of the data center industry boom across Virginia is highlighted in a recently published report by the Northern Virginia Technology Council —The Economic and Fiscal Contribution that Data Centers Make to Virginia.

      According to the NVTC report, data centers are a critical part of the infrastructure that supports the modern economy, not only in the technology sector, but in advanced manufacturing, entertainment, finance, healthcare, information, retail, telecommunications, and almost every other sector of the economy as well.

      The industry generates significant tax revenues. Data centers are very capital-intensive and that translates into a disproportionate amount of property tax revenue, by far the largest source of revenue for Virginia localities.

      Click here to access NVTC’s full report and learn more about Virginia’s thriving data center industry.

       

      The Virginia Jobs Investment Program Celebrates Its 50th Anniversary

      Wednesday, 23 December 2015 13:46 by Info@YesVirginia.org
      The Virginia Jobs Investment Program celebrates its 50th anniversary this year. Created in 1965 as part of the Industrial Training division of the Virginia Community College System, the program provides consultative services and funding to companies creating new jobs or experiencing technological change.

      The Virginia Jobs Investment Program celebrates its 50th anniversary this year.

      Created in 1965 as part of the Industrial Training division of the Virginia Community College System, the program provides consultative services and funding to companies creating new jobs or experiencing technological change.

      VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for its citizens. It is estimated that VJIP has supported more than 2,500 projects, over 365,600 jobs and $29 billion in capital investment within its 50 years.

      “For five decades, the Virginia Jobs Investment Program has continuously improved the professional delivery of services that positively impact our businesses’ most important resource—their labor pool. We are confident that VJIP, along with its higher education and workforce system partners, will continue to play an integral role in connecting growing businesses with Virginia’s talent for the next five decades to come,” said Governor McAuliffe.

      VJIP was moved to the Virginia Department of Economic Development in 1985, and then to the Virginia Department of Business Assistance in 1998. In July 2014, the Virginia Economic Development Partnership became the administrator of the program, where it is now more closely aligned with Virginia’s economic development strategies and corporate outreach in an efficient way to partner with allies and serve companies more effectively.

      Working closely with company personnel, the Virginia Jobs Investment Program offers consulting services at no charge, in addition to direct funding to offset eligible companies’ recruitment and training costs.

      Assistance in any of the programs offered by VJIP is eligible to projects that create basic employment for the Commonwealth, as basic employment brings new income into the state, stimulates additional employment, and is the basis for further economic growth. These businesses or functions must directly or indirectly derive more than 50% of their revenues from out of state sources, as determined by VJIP.

      For more information on VJIP, please visit http://www.yesvirginia.org/AssetRich/VJIP.

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      About VEDP

      Virginia Economic Development Partnership is the Best State for Business

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

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      siness incentives. This provides companies with capital when they most need it – the first 36 months of a project."

      There you have it. We couldn’t have said it better ourselves.

      Pounding International Pavement

      Wednesday, 17 June 2009 16:13 by Info@YesVirginia.org

      VEDP gets a lot of inquiries—and criticism—regarding Governor Kaine’s participation on overseas marketing missions.

      The comments often leave us scratching our heads. During these tough economic times, what is more important than working to bring jobs and investment to the Commonwealth? It’s more important now than ever to be out pounding the pavement in the name of promotion.

      International pavement is especially important given that in 2008, international companies were responsible for more than 6,000 new jobs and $1.5 billion of investment in Virginia. The capital investments made by international companies in 2008 increased by more than 84 percent over 2007 and represented the fourth straight year of increased international investment. 

      VEDP would really like to see that trend continue. Therefore, we plan and budget for overseas marketing missions, an aggressive and pro-active approach to project recruitment and export development that exposes the maximum number of foreign business leaders in a minimum amount of time to the advantages of doing business in Virginia. These trips also enable foreign corporate officials to meet the Commonwealth’s leadership, and provide Virginia’s leadership the opportunity to strengthen their understanding of current financial and business environments overseas. 

      The Governor’s participation is especially important because he can open doors that VEDP is unable to open on its own. With the Governor at the lead, we meet with CEOs. Without him, we usually end up with someone with very little decision-making power.  

      These trips are nothing new—Virginia governors have participated on overseas marketing missions for many years.  A personal meeting by the Governor with corporate executives demonstrates the high priority that is placed on Virginia’s business community, an important message to relay in a highly competitive market.

      We’re thankful we have a Governor who embraces globalism and doesn’t get hung up on the misperception that it means American jobs going overseas. International companies like Volkswagen, AREVA, Canon and Swedwood, all of which have recently brought quality jobs and significant investments to the Commonwealth—are proof of that. They like us, too.

      To learn more about the benefits your international company can enjoy in Virginia, visit YesVirginia.org or call us at (804) 545-5600.

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      Green is in High Gear in Virginia

      Friday, 12 June 2009 13:55 by Info@YesVirginia.org

      Northern Virginia has surpassed the Tri-State New Jersey / New York region as the largest data center market in the U.S., with nearly 20 percent of the market share in enterprise demand in 2015, according to a study published by JLL.

      Although Virginia’s data center industry is largely concentrated in Northern Virginia, the sector supports communities across the Commonwealth. In 2014, the total statewide economic impact attributable to the data center industry was approximately 36,043 jobs, $2.7 billion in wages, $8.6 billion in economic output, and $298.9 million in state and local tax revenue.

      The substantial benefit of the data center industry boom across Virginia is highlighted in a recently published report by the Northern Virginia Technology Council —The Economic and Fiscal Contribution that Data Centers Make to Virginia.

      According to the NVTC report, data centers are a critical part of the infrastructure that supports the modern economy, not only in the technology sector, but in advanced manufacturing, entertainment, finance, healthcare, information, retail, telecommunications, and almost every other sector of the economy as well.

      The industry generates significant tax revenues. Data centers are very capital-intensive and that translates into a disproportionate amount of property tax revenue, by far the largest source of revenue for Virginia localities.

      Click here to access NVTC’s full report and learn more about Virginia’s thriving data center industry.

       

      The Virginia Jobs Investment Program Celebrates Its 50th Anniversary

      Wednesday, 23 December 2015 13:46 by Info@YesVirginia.org
      The Virginia Jobs Investment Program celebrates its 50th anniversary this year. Created in 1965 as part of the Industrial Training division of the Virginia Community College System, the program provides consultative services and funding to companies creating new jobs or experiencing technological change.

      The Virginia Jobs Investment Program celebrates its 50th anniversary this year.

      Created in 1965 as part of the Industrial Training division of the Virginia Community College System, the program provides consultative services and funding to companies creating new jobs or experiencing technological change.

      VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for its citizens. It is estimated that VJIP has supported more than 2,500 projects, over 365,600 jobs and $29 billion in capital investment within its 50 years.

      “For five decades, the Virginia Jobs Investment Program has continuously improved the professional delivery of services that positively impact our businesses’ most important resource—their labor pool. We are confident that VJIP, along with its higher education and workforce system partners, will continue to play an integral role in connecting growing businesses with Virginia’s talent for the next five decades to come,” said Governor McAuliffe.

      VJIP was moved to the Virginia Department of Economic Development in 1985, and then to the Virginia Department of Business Assistance in 1998. In July 2014, the Virginia Economic Development Partnership became the administrator of the program, where it is now more closely aligned with Virginia’s economic development strategies and corporate outreach in an efficient way to partner with allies and serve companies more effectively.

      Working closely with company personnel, the Virginia Jobs Investment Program offers consulting services at no charge, in addition to direct funding to offset eligible companies’ recruitment and training costs.

      Assistance in any of the programs offered by VJIP is eligible to projects that create basic employment for the Commonwealth, as basic employment brings new income into the state, stimulates additional employment, and is the basis for further economic growth. These businesses or functions must directly or indirectly derive more than 50% of their revenues from out of state sources, as determined by VJIP.

      For more information on VJIP, please visit http://www.yesvirginia.org/AssetRich/VJIP.

      The VJIP team celebrates its 50th anniversary during the December VEDA meeting.

      The Southern Virginia Higher Education Center’s Welding Program Holds Its First Completion Ceremony

      Tuesday, 22 December 2015 14:49 by Info@YesVirginia.org

      The Southern Virginia Higher Education Center’s Welding program held its first completion ceremony on December 10.

      The ceremony recognized the first 15 students to enroll in Welding@SVHEC, a short term, accredited training program that provides students with instruction in MIG, TIG, stick and pipe welding. This non-credit program is accredited by the National Center for Construction Education and Research. Welding instruction takes place in the SVHEC’s new, state-of-the-art welding lab.

      This program started in response to employer requests for more trained, certified workers. The SVHEC’s Workforce Services department worked with Virginia Technical Institute to bring this program to South Boston, Virginia.

      Virginia has a nationally acclaimed education system which ensures businesses have a steady pipeline of skilled workers, and now adds another industry recognized program to Southern Virginia.

      The Virginia Community College System provides occupational and technical training programs, many of which are designed specifically to meet the needs of surrounding employers. Welding@SVHEC is a great example of how Virginia works with both higher education and companies to provide students with industry specific skills. To learn more about Virginia’s 23 community colleges, located on 40 campuses around the state, click here.

      Class of 2015 Welding@SVHEC completers and instructors in South Boston, Virginia.

      Virginia — The Only State Ranked in Top Five Since the Inception of Pollina’s Pro-Business Study

      Tuesday, 10 November 2015 15:28 by Info@YesVirginia.org
      Virginia has again received a top ranking in the Pollina Corporate Real Estate/AEDI Top 10 Pro-Business States for 2015. For the third straight year, the Commonwealth was ranked No. 4 overall and was the top state on the East Coast. Virginia was ranked in the top three from 2004-2012...

      Virginia has again received a top ranking in the Pollina Corporate Real Estate/AEDI Top 10 Pro-Business States for 2015. For the third straight year, the Commonwealth was ranked No. 4  overall and was the top state on the East Coast. Virginia was ranked in the top three from 2004-2012.

      “Clearly a national leader in the 12 years of this study, no other state comes close to Virginia when it comes to being a consistent pro-business state. Virginia holds the distinction of being the only state to remain within the top five pro-business states for the entire history of this study,” said Brent A. Pollina, president of Park Ridge, Illinois-based Pollina Corporate Real Estate Inc. and author of the study.

      Virginia received an overall grade of A as it has for the last five years. The Commonwealth was the No. 1 state in the Stage II section, which is based on metrics at the state economic development agency level, such as incentives and marketing/website/response to new and existing employers.

      “Governor Terry McAuliffe and the Virginia Economic Development Partnership should be commended for their efforts to consistently remain competitive, as they have clearly worked to preserve the tools Virginia needs to remain one of the most pro-business state in the country,” continued Pollina.

      The Pollina study is considered the “gold standard” for evaluating states on 32 factors controlled at the state government level, including taxes, human resources, education, right-to-work legislation, energy costs, infrastructure spending, regulatory environment, workers’ compensation laws and economic incentive programs.

      Consistency of a state’s performance is an important consideration when companies are making long-term decisions about corporate site locations that require significant capital investment.

      “The key to Virginia’s success is its ability to balance low taxes, a good labor force, and a strong economic development program. With a Stage I rank of #9 and a Stage II rank of #1, Virginia has one of the most well-rounded business climates in the nation.”

      To learn why Virginia has the right resources that have allowed companies to prosper here for more than 400 years, click here.

      Photo courtesy of Virginia Department of Transportation.

      The Hague Security Delta Signs Cybersecurity Agreement with Fairfax County and VEDP

      Friday, 16 October 2015 16:27 by Info@YesVirginia.org
      Last week, VEDP joined Fairfax County Economic Development Authority and The Hague Security Delta for a cybersecurity event in Tysons Corner, Va...

      Last week, VEDP joined Fairfax County Economic Development Authority and The Hague Security Delta for a cybersecurity event in Tysons Corner, Va.

      The Hague Security Delta is based in the Netherlands and represents the largest security cluster of businesses, governments and academic institutions in Europe. It establishes partnerships with global security leaders to share knowledge, increase business activity and create a more secure world.

      A delegation of almost 30 Dutch and Flemish companies attended the event in Tysons Corner to discuss security issues with leading Virginia technology companies and institutions.

      The Hague Security Delta, Fairfax County EDA and VEDP closed the program by having representatives sign a Memorandum of Understanding to increase cooperation between the cybersecurity centers.

      The parties pledged to bolster innovation-based collaboration by promoting trade with each country's industry clusters; encouraging mutual exchanges with business, government and academic leaders; fostering R&D cooperation through joint enterprises and research centers; exploring joint initiatives at the highest levels of government on security matters; and joining efforts to identify technology commercialization opportunities.

      This event and agreement illustrates Virginia’s leadership in technology, once again. The Commonwealth is a key part of the nation’s Cyber Capital and a major hub in the cybersecurity industry. To learn more about Virginia’s cybersecurity assets, click here.

      Ulrich Seldeslachts, CEO at LSEC; Ida Haisma, executive director of The Hague Security Delta; Martin Briley, president and CEO of VEDP; and Gerald L. Gordon, Ph.D., president and CEO of FCEDA; sign the MOU in Tysons Corner, Va. Photo courtesy of FCEDA.

      VEDP COO Dan Gundersen Awarded IEDC’s 2015 Honorary Life Member Designation

      Wednesday, 7 October 2015 16:07 by Info@YesVirginia.org
      VEDP Chief Operating Officer Dan Gundersen was awarded the International Economic Development Council’s 2015 Honorary Life Member Designation...

      VEDP Chief Operating Officer Dan Gundersen was awarded the International Economic Development Council’s 2015 Honorary Life Member Designation.

      Gundersen was presented with the award this past Monday during the IEDC Annual Conference in Anchorage, Alaska. He also served as moderator of the first session at the conference, “How to be a World Class Economic Developer,” where he led a panel with representatives from four continents who discussed innovative approaches and trends in economic development.

      “The designation of Honorary Life Member is given by IEDC to an active or former member who is progressing the profession of economic development as a teacher, or, who has motivated others in several communities,” said JoAnn Crary, CEcD, Chair of the International Economic Development Council and President of Saginaw Future Inc. “Mr. Gundersen has been dedicated to our industry and has, indisputably, earned this distinction.”

      VEDP created the COO position in the spring of 2014 to manage all day-to-day operations and develop competitive strategies for success. Gundersen was recruited to the job in Virginia due to his deep background as a senior economic development official in three other states:  New York, where he reported directly to the governor, both as Commissioner of Economic Development and as Upstate Chairman for the Empire State Development Corporation; Pennsylvania, where he held the number two job as Executive Deputy Secretary; and Maryland, where he was Assistant Secretary for Business Development.

      At the metropolitan level, he led economic and workforce development efforts for Baltimore County, Md., where he produced the county’s first economic development operations strategy, and before that worked in Philadelphia with business leaders and the mayor to form public/private partnerships in impoverished neighborhoods. 

      Throughout his career, Gundersen and his teams helped structure deals resulting in the creation and retention of more than 150,000 jobs. These projects include world, North American and regional headquarters facilities.

      “As economic developers, our job is to help produce economic growth so that businesses succeed,” said Gundersen. “How we do that is complex. Why we do it, is what really matters. For me, economic development is about making a positive difference in people’s lives and communities. It’s that simple and powerful.”

      To learn more about Gundersen’s work at VEDP, promoting Virginia as the location with the right combination of resources that have helped businesses succeed for more than 400 years, click here.

      Check out VEDP’s Ad for the UCI Road World Championships on NBC Sports

      Tuesday, 22 September 2015 16:41 by Info@YesVirginia.org
      As many of you are already aware, the 2015 UCI Road World Championship cycling event is taking place in Richmond this week. Excitement has built around the event, which is returning to the U.S. for the first time in nearly 30 years...

      As many of you are already aware, the 2015 UCI Road World Championship cycling event is taking place in Richmond this week.

      Excitement has built around the event, which is returning to the U.S. for the first time in nearly 30 years. It is a huge coup for Richmond to have been selected as the host city and furthers its reputation as a global destination. The championships are held annually in an international city chosen by the Union Cycliste Internationale through a competitive bidding process.

      With 450,000 spectators expected to watch the race onsite and a TV audience in the hundreds of millions, this is certainly a tremendous opportunity to represent Virginia on the world stage. 

      The Virginia Tourism Corp. has partnered with Richmond 2015, the organizer of the nine-day event, and will air 500 30-second commercials across U.S. domestic television broadcasts during the event. As part of Virginia's sponsorship, VEDP received a portion of these spots and produced a new commercial tailored to the UCI event that is airing on NBC Sports Network during the race this week.

      VEDP worked with Richmond companies Elevation Advertising to create the ad and The Branching to produce it. Overcoast developed the original background track, incorporating the cycling sounds.

      Richmond is fortunate to have a strong cycling culture and was able to draw upon local talent to film the ad. We’re grateful to Carytown Bicycle Company, who provided items for the shoot, and local cyclist John Eiler, who rides for Team Carytown Bicycle Company and appears in the commercial.

      Sports commentators have already remarked on the beauty of the city and the diverse and challenging courses that Richmond offers to competitors.

      To learn why Virginia is a great place to live, work and play, click here. Check out our TV ad below.

      CCAM Graduates First Class of Transitioning Military and Veteran Training Students

      Tuesday, 15 September 2015 14:58 by Info@YesVirginia.org
      The Commonwealth Center for Advanced Manufacturing recently celebrated the graduation of its first class from the Transitioning Military and Veteran Training Program. This initiative provides advanced manufacturing and precision machining training for active duty and veteran soldiers preparing to enter the civilian workforce...

      The Commonwealth Center for Advanced Manufacturing recently celebrated the graduation of its first class from the Transitioning Military and Veteran Training Program. This initiative provides advanced manufacturing and precision machining training for active duty and veteran soldiers preparing to enter the civilian workforce.

      The program was developed through a collaboration among CCAM, the Virginia Tobacco Region Revitalization Commission, the Southern Virginia Higher Education Center, Southside Virginia Community College, the Crater Regional Workforce Investment Board, the Virginia Employment Commission, 180 Skills and the Fort Lee Soldier for Life – Transition Assistance Program.

      Fort Lee’s Soldier for Life program identified a group of transitioning soldiers to participate in the inaugural class. This gave the soldiers the opportunity to receive training, free-of-charge, during the last few months of their enlistment to prepare them to quickly begin a civilian career.

      Training took place at SVCC’s Emporia Center and included 162 modules of interactive, online learning and 300+ hours of hands-on training. Instructors were provided by SVCC and SVHEC.

      The eight graduates received a Machining Skills Certificate from SVCC and five industry credentials, including OSHA 10 and 4 NIMS (National Institute of Metalworking Skills) certifications.

      Employers in the region, including Enclos Inc., Jewett Machine Inc., Richmond Tooling Inc., Rolls-Royce, Coesia North America and Kosmo Machine Inc. actively supported the program by participating in the curriculum design and visiting and mentoring students along the way.

      All eight graduates have received job offers. 

      “The motivation of the students and employers made this first class a success,” said CCAM Director of Workforce Development Bruce Sobczak. “Driven by feedback from local employers, we’re currently looking at expanding the curriculum to include industrial maintenance technician and industrial CAD drafter certifications, as well as adding a location to serve the military workforce in the Hampton Roads region.”

      To learn more about the Transitioning Military and Veteran Training Program, contact Bruce Sobczak at bruce.sobczak@ccam-va.com.

      More than 18,000 people exit Virginia military bases each year and enter the civilian workplace. This initiative is another shining example of the public-private partnerships that keep Virginia’s workforce at the top of their game. To learn more, click here.

      The Transitioning Military and Veteran Training Program students celebrate their graduation with CCAM’s Bruce Sobczak (center) and their Fort Lee program managers (in uniform). Photo courtesy of CCAM.

      McKee Foods Celebrates 25 Years in Virginia

      Wednesday, 26 August 2015 16:14 by Info@YesVirginia.org
      McKee Foods recently celebrated the 25th anniversary of its Stuarts Draft manufacturing facility in Augusta County, Va. McKee Foods is known for its Little Debbie® line of snack cakes. The family business has grown from a five-person bakery in the 1930’s to America’s No. 1 brand of snack cakes...

      McKee Foods recently celebrated the 25th anniversary of its Stuarts Draft manufacturing facility in Augusta County, Va.

      McKee Foods is known for its Little Debbie® line of snack cakes. The family business has grown from a five-person bakery in the 1930’s to America’s No. 1 brand of snack cakes.

      The Stuarts Draft plant is one of the most advanced facilities in the baking industry. The company established the bakery in 1990 to produce oatmeal crème pies, honey buns and other bakery products.

      The company’s most recent announcement in October 2014 included a $34 million investment and 54 new jobs to expand the facility.

      McKee Foods employs more than 1,000 people and is the largest manufacturing employer in Augusta County. The company frequently credits the high productivity of its Virginia workforce as paramount to its success.

      "We have found our Virginia workforce to be some of the most loyal and highly-skilled employees in the industry — and about 85 members of our Virginia workforce have been at the plant since it opened," said McKee Foods President and CEO Mike McKee.

      In addition to a strong manufacturing workforce, Virginia provides McKee Foods with a strategic location, offering easy access to the company’s Northeastern and Canadian customers. Located in the beautiful Shenandoah Valley, the Stuarts Draft location offers McKee employees a high quality of life with close proximity to the Blue Ridge Parkway, Appalachian Trail and numerous national parks.

      To learn why more than 580 leading food and beverage companies, like McKee Foods, have chosen to locate in Virginia, click here.

      Representatives from McKee Foods, Augusta County and VEDP celebrate the company’s 25th anniversary in Stuarts Draft, Va. Photo courtesy of McKee Foods Corp.

      Virginia Receives an “A” for Small Business Friendliness

      Tuesday, 18 August 2015 14:39 by Info@YesVirginia.org
      Virginia received an A for overall friendliness on Thumbtack.com’s fourth annual Small Business Friendliness Survey. Virginia was the highest ranked state in the Mid-Atlantic and top 10 nationwide. Nearby competitors Maryland received a D+ and North Carolina a B-...

      Virginia received an A for overall friendliness on Thumbtack.com’s fourth annual Small Business Friendliness Survey. Virginia was the highest ranked state in the Mid-Atlantic and top 10 nationwide. Nearby competitors Maryland received a D+ and North Carolina a B-.

      Thumbtack.com surveyed 17,633 small businesses across the U.S. with 36 questions to evaluate the friendliness of state and local policies toward small businesses on more than a dozen metrics.

      Highlights for the Commonwealth include an A+ for ease of starting a business, licensing regulations and environmental factors.   

      “Small business owners on Thumbtack have consistently told us that they welcome support from their governments but are frequently frustrated by unnecessary bureaucratic obstacles,” said Jon Lieber, chief economist of Thumbtack.com. “Virginia's policies that support entrepreneurs could provide a helpful guide as we fight a general decline in business startups nationwide.”

      “There is an excellent climate for small business in Virginia,” commented a translator and professor in Roanoke. “It is a great place to start and run a business because the state offers support, networking, referral and community enthusiasm.”

      Richmond was ranked the No. 3 friendliest city in the U.S. and received an A+.

      The survey results once again illustrate that Virginia is a great place for entrepreneurs to start and grow a business. To learn more about the Commonwealth’s pro-business policies, strategic location, competitive operating costs, leading research institutions and highly educated workforce, click here.

      Image courtesy of Thumbtack.com

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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.

The MACH37 Cyber Accelerator Opens in Herndon, Virginia

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Service Center Metals Celebrates 10-year Anniversary and Expansion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

VEDP Launches ‘Going Global’ Initiative for Defense Companies

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

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

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

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

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

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

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

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

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

Virginia Receives Numerous Top Rankings from Business Facilities Magazine

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Gateway Center for Enterprise Opens in Central Virginia

Thursday, 25 July 2013 16:43 by Info@YesVirginia.org
Today, Virginia’s Gateway Region opened The Gateway Center for Enterprise in Colonials Heights, Va., with the first of many third Thursday networking events...

Today, Virginia’s Gateway Region opened The Gateway Center for Enterprise in Colonials Heights, Va., with the first of many third Thursday networking events.

Today’s event was geared towards new entrepreneurs, with a speaker panel that provided information on how to start and grow a small business. Future third Thursday topics include how to access capital and leadership skills for innovators.

The focus of The Gateway Center is to support local entrepreneurs through a variety of programs, including training, networking events, one-on-one counseling, mentorship programs, and access to the office, library and resource center of Virginia’s Gateway Region. 

The Gateway Center was made possible through partnerships with The Center for Women's Enterprise at REDC Community Capital Group and the Crater Small Business Development Center at Longwood University. 

The center is housed within the main office of Virginia’s Gateway Region, a regional economic development group that supports the cities of Colonial Heights, Hopewell and Petersburg, and the counties of Chesterfield, Dinwiddie, Prince George, Surry and Sussex.

Located in Central Virginia, the Gateway Region offers companies easy access to U.S. and international markets through Virginia’s premier transportation network. Advanced manufacturing, global logistics and food processing companies have been drawn to the area’s skilled workforce and access to top education and research institutions.

The Gateway Center is another example of the innovative environment Virginia offers to entrepreneurs. To learn more about starting a business in the Commonwealth, click here.

Virginia's Gateway Region houses The Gateway Center for Enterprise in Colonial Heights, Va.

High-tech “Fab Lab” Comes to Virginia’s Patrick Henry Community College

Monday, 22 July 2013 15:47 by Info@YesVirginia.org
Patrick Henry Community College (PHCC) began offering tours of its Fab Lab this summer. The Fab Lab is short for digital fabrication laboratory, which gives students and local businesses access to 3D design and prototyping equipment to create new products and inventions...

Patrick Henry Community College (PHCC) began offering tours of its Fab Lab this summer. The Fab Lab is short for digital fabrication laboratory, which gives students and local businesses access to 3D design and prototyping equipment to create new products and inventions.

The Fab Lab concept originated at MIT’s Center for Bits and Atoms. In November 2011, PHCC, the New College Institute and Martinsville-Henry County Economic Development Corporation sponsored a two-week visit from the Mobile Fab Lab of the Carolinas. During that time the lab received more than 300 visits from interested students and community members.

Working with the same partners, PHCC was able to obtain funding from the Virginia Community College System to purchase equipment and establish its own Fab Lab.

Located at the The Artisan Center in Martinsville, the 1600-square-foot Fab Lab houses a Roland MDX 20 mini mill, Roland CAMM-1 Servo GX-24 vinyl cutter, Stratasys uPrint SE Plus FDM 3D printer, Morgan Industries Morgan Press G-100T Injection Molder, Formech 686 Vacuum Former, Universal Laser 4.60, Routermate 4’ x 4’ CNC router and Torchmate 2’ x 4’ CNC plasma cutter.

The 10 Dell workstations in the lab offer open source software, which allows entrepreneurs and students to seamlessly continue their work at home or in other locations.

The Fab Lab has generated a lot of interest among students and business partners in the community. Lab Coordinator Matthew Wade estimates the lab has seen more than 100 visitors since its soft launch in April.

The lab will host a grand-opening event this fall to coincide with its first class, a basic manufacturing class that will teach students and entrepreneurs how to use the equipment in the lab to bring their ideas to life.

“Inventors can create designs with our software, use the vinyl cutter and CNC mill to fabricate and carve out a circuit board, and then utilize our 3D printer to produce a working model of their new product idea,” said PHCC Lab Coordinator Matthew Wade.

The PHCC Fab Lab is another example of the cutting-edge technology available at Virginia’s colleges and universities, helping prepare a strong pipeline of technically-skilled workers. According to the U.S. Chamber of Commerce’s recent Enterprising States study, Virginia is the No. 1 state in STEM job concentration and has the No. 1 share of high-tech businesses.

To learn more about Virginia’s leading higher education system and workforce preparation programs, click here.

A view of the Patrick Henry Community College Fab Lab in Martinsville, Va.

German Investment in Virginia Continues—PRUFREX Establishes First U.S. Location

Wednesday, 17 July 2013 16:23 by Info@YesVirginia.org
PRUFREX Innovative Power Products GmbH announced plans to establish its first U.S. location in Virginia Beach through a $7.33 million investment, which will create 60 new jobs. The project includes both a manufacturing facility as well as the company’s U.S. headquarters...

PRUFREX Innovative Power Products GmbH announced plans to establish its first U.S. location in Virginia Beach through a $7.33 million investment, which will create 60 new jobs. The project includes both a manufacturing facility as well as the company’s U.S. headquarters.

PRUFREX is a leading producer of digital ignition systems and electronic control systems for the small engine, marine and recreation, automotive, and electric and cordless power markets. The company’s global headquarters are in Cadolzburg, Germany.

The benefits of supply chain for economic development are apparent in this project—PRUFREX selected Virginia Beach over Georgia to be closer to two key customers, German-based BMZ Batteries and STIHL Inc.

STIHL opened its first U.S. plant in Virginia Beach in 1974, and has since grown to become the No. 1 brand of chain saws in the world. The company’s U.S. headquarters are now located in Virginia Beach, and since 1990 the company has announced investment of $335 million and 942 new jobs in the Commonwealth.

BMZ Batteries followed in April 2011, also establishing its U.S. headquarters in Virginia Beach to be close to STIHL and its other international customers. 

Germany has been in the top three for international investment and job creation in the Commonwealth over the last four years.

PRUFREX, BMZ Batteries and STIHL have all made reference to the quality of Virginia’s workforce, particularly its engineering and advanced manufacturing capabilities, as well as the Commonwealth’s strategic East location and ability to easily reach U.S. customers through its premier logistics infrastructure.

Virginia’s transportation network includes access to the international Port of Virginia, the only U.S. East Coast location able to handle post-Panamax vessels as first port of call, as well as an integrated system of six interstate highways, nine commercial airports and 14 railroads, including two Class I lines.

To learn why Virginia is home to more than 700 internationally-owned companies, click here.

Institute of Advanced Learning and Research Launches First Company—Dan River Plants

Tuesday, 16 July 2013 15:46 by Info@YesVirginia.org
The Institute of Advanced Learning and Research (IALR) recently announced its first commercial spin-off, Dan River Plants, LLC...

The Institute of Advanced Learning and Research (IALR) recently announced its first commercial spin-off, Dan River Plants, LLC.

Dan River Plants uses micropropagation technology to create, clone and grow plants at a rapid rate. The technology was developed through collaboration between IALR’s Institute for Sustainable and Renewable Resources and Virginia Tech’s College of Agriculture and Life Sciences. 

Micropropagation utilizes plant tissue cultures to grow identical plants by an order of magnitude, yielding rapid and reliable results. The company is producing both decorative plants, such as lilies, roses and azaleas, as well as biofuel crops. 

Dan River Plants plans to invest $1.3 million and create 27 new jobs to establish a facility at Ringgold East Industrial Park in Pittsylvania County, Va.

IALR was established in 2000 through partnerships among Virginia Tech, Averett University, Danville Community College, Pittsylvania County, City of Danville, Future of the Piedmont Foundation, Tobacco Indemnification Commission and the Commonwealth of Virginia.

The center uniquely operates as a research and development facility, education leader, business incubator and conference center.

We have previously blogged on some of IALR’s programs, including its STEM Mobile Learning Lab and the Virginia Polymer Coalition.

IALR has strategically positioned itself to capitalize on the expertise found in Southern Virginia. The center focuses on four main areas of research, including sustainable and renewable resources, analytical chemistry, polymers and composites, and vehicle research.

IALR is yet another example of the innovative research and collaboration with universities that supports Virginia businesses, from start-up to late stage. To learn more about opportunities to co-locate with Virginia’s leading universities at R&D centers across the Commonwealth, 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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