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

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

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

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

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

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

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

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

Specialty’s Our Name — Expanding a Family Business Through the Generations

Friday, 29 May 2015 09:19 by Info@YesVirginia.org
Butch Harrison founded Specialty’s Our Name in 1990, a precision sheet metal fabrication and machine shop based in Ashland, Va. His three sons, Brandon, Utley and Kevin, worked in the shop since high school and each found their niche, whether it was handling the finances, managing customer relationships or processing orders...

Butch Harrison founded Specialty’s Our Name in 1990, a precision sheet metal fabrication and machine shop based in Ashland, Va.

His three sons, Brandon, Utley and Kevin, worked in the shop since high school and each found their niche, whether it was handling the finances, managing customer relationships or processing orders. When their dad passed away in 2009, the brothers took ownership and proudly carried on the family name and reputation for a superior product and customer service at S.O.N. Inc.

“We do the work other people don’t want to do,” said Brandon Harrison. “Our high-end, custom sheet metal work is in the White House Visitor Center, the American Civil War Museum at Tredegar and the Virginia Historical Society, and our customers include Homeland Security, Architectural Graphics Inc., Dometic Corporation and Showbest Fixtures.”

The company has successfully grown from two people in a 2,500 square foot building to more than 30 people in a 32,000 square foot facility. The company delivers custom products and can offer consulting, drafting, welding, deburring, powder coating and precision parts, all from one location.

The Harrison brothers not only weathered the recent economic downturn, but were able to continue growing their company. “We did feel some of the effects, but we manage our finances well and purchase equipment as we need it, so we don’t carry a lot of debt.” said Harrison. “We also have a broad customer range, from the marine industry to railroads to store fixtures. Being diverse helped us stay strong and grow our company through the tough times.”

The brothers also took a calculated risk and YesVirginia Business Blog | All posts by info@yesvirginia.org

Water from Virginia’s Rockingham County Judged Top 5 in the Nation

Thursday, 8 March 2012 16:23 by Info@YesVirginia.org
Water from the Three Springs Water Treatment Plant in McGaheysville, Va., was ranked Top 5 in the nation at the recent Great American Water Taste Test in Washington, D.C...

Water from the Three Springs Water Treatment Plant in McGaheysville, Va., was ranked Top 5 in the nation at the recent Great American Water Taste Test in Washington, D.C.

The contest was managed by the National Rural Water Association as part of its yearly Rural Water Rally. Participants had to win both state and national competitions to be represented at the final judging panel.

Clarity, bouquet and taste were the selection criteria, with judges focusing on water samples that had no taste, no smell and perfect clarity.

The Three Springs Water Treatment Plant is located in Virginia’s picturesque Shenandoah Valley. The water quality is naturally pure as plant manager Luke Hornick stated, “We add fluorine and chlorine, but the water is of such purity that nothing else is needed.”

High water quality is important not just for individual consumption, but it also drives business decisions. Food processing and brewing companies require large amounts of high quality water, making Virginia a preferred location for those industries.

According to Rockingham County director of Community Development William Vaughn, “It’s one of the primary reasons that Coors — now MillerCoors — established East Coast operations here 25 years ago.”

Concerns over water quality and availability are receiving increased attention across the globe, making Virginia’s infrastructure resources a valuable asset for companies located in the Commonwealth. To learn more about Virginia’s world-class capabilities serving the food and beverage industry click here.

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Virginia On Target at CoreNet Global Summit

Tuesday, 15 November 2011 10:34 by Info@YesVirginia.org
Virginia's web-based site selection tools on target with CoreNet Global Summit show theme - Social Dynamics: Connectivity, Creativity, Relationships.

Virginia Economic Development Partnership (VEDP) exhibited at the CoreNet Global Summit in Atlanta, Ga., last week to promote Virginia’s pro-business climate and extensive assets with business leaders and site selection consultants in the hopes of drawing additional investment and jobs to the Commonwealth. CoreNet Global is a leading member association for corporate real estate executives and this year’s event drew more than 1,500 attendees.

The international presence at this year’s show continued to increase, reflecting the macro trends of globalization and the subsequent expansion of the corporate real estate industry. Also of note was an increase in real estate firms, providing a full-service approach that end-users typically had to farm out to multiple service providers. 

The theme of this year’s event was “Social Dynamics: Connectivity, Creativity, Relationships,” exploring how people are connecting in different ways with new tools and how this impacts the corporate real estate industry. Fortunately, Virginia is right on target keeping pace with technology and the demands of the industry. The Commonwealth has one of the country’s most advanced site selection tools called VirginiaScan. VirginiaScan is a web-based tool that allows companies and consultants to search a database of more than 2,100 qualified sites and buildings across the Commonwealth based on a number of criteria such as property type, square footage, logistics requirements, labor statistics and existing business data. Virginia also has another web-based tool called Compare Virginia, which allows consultants to perform a side-by-side comparison of how Virginia compares with other states in a variety of areas, including education, employment, income and wages, labor relations, population, public debt and taxes. 

Tools like those mentioned above cater to the on-the-go demands of executives and site selection consultants by allowing them to access web-based tools and get a head-start on research, while maintaining confidentiality in the early stages of a property search. To learn why CNBC has selected Virginia as the Top State for Business and how VEDP can help with your site selection search click here

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New ITT Exelis Headquarters Open for Business

Wednesday, 9 November 2011 16:15 by Info@YesVirginia.org

Yesterday, ITT Exelis celebrated the official opening of its new headquarters in Fairfax County, just a few short months after Governor McDonnell’s announcement of the company’s plans to invest up to $5 million and create 100 new jobs. This has been a busy few weeks for ITT Exelis, completing its spin-off from ITT Corporation on October 31, and ringing the bell at the New York Stock Exchange as an independent company on November 4. 

Secretary Cheng and Congressman Jim Moran were on hand to offer their congratulations to the company as ITT Exelis unveiled its logo on the newly christened headquarters building. Located on Tysons Boulevard, the new corporate headquarters is housed in the center of the bustling business community of Tysons Corner in McLean, Va., just a few miles away from the Pentagon and other key government and military customers. With expansion of the D.C. Metro’s Silver Line expected to come right through the area in a couple of years, contact with D.C. defense players will only improve.

Proximity to key customers isn’t the only reason Virginia won this deal. ITT is already well acquainted with Virginia’s pro-business climate, as it is has a strong presence across the state with operations in McLean, Herndon and Roanoke. The decision to further its presence in the Commonwealth, particularly with ITT Exelis’ headquarters location, illustrates an understanding of Virginia’s strong assets that include a highly skilled workforce and a favorable regulatory and tax environment.

Coming right on the heels of Northrop Grumman’s new headquarters opening, Virginia is establishing itself as the global hub for the defense industry. Already home to ATK, BAE Systems Inc., CACI International, Computer Sciences Corp., General Dynamics, SAIC and SRA International, the Commonwealth is in a strong position to attract additional defense players. To learn why top defense and aerospace companies said yes to Virginia click here.

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Top U.S. Construction Company Brings 625 Jobs to the Top State for Business

Monday, 7 November 2011 17:06 by Info@YesVirginia.org

Virginia wins big again – Bechtel Corporation, rated the top U.S. construction contractor by Engineering News-Record, just announced its plans to invest $18 million and bring 625 jobs to Fairfax County in Northern Virginia. The company will relocate its Global Operations headquarters from Maryland and establish its Government Services group headquarters at the Reston Town Center in Reston, Va.

Bechtel selected Virginia because it has the right combination of resources to help the company succeed in a global environment. The growth sectors of the Commonwealth closely align with Bechtel’s market focus, and the location in Fairfax County puts the company in close proximity to key customers in the government, IT, energy and transportation sectors. With the company’s corporate headquarters in San Francisco, Virginia’s central East Coast location gives Bechtel a coast-to-coast presence as well as global access through nearby Dulles International Airport.

Virginia’s ability to match the company’s workforce needs, particularly in the IT and engineering sectors, helped seal the deal. Virginia has the highest concentration of high-tech workers in the nation according to Cyberstates 2010 – 277,575 to be exact. The Commonwealth also has a strong pipeline of educated technology professionals entering the workforce with more than 18,500 students enrolled in IT programs and 3,400 degrees and certificates awarded in the 2009-2010 academic year. To learn more about Virginia’s technology assets click here.

Bechtel is part of a steady stream of companies who have recognized Virginia’s pro-business climate and selected the Commonwealth for their headquarters operations.  SAIC, CSC, Volkswagen of America, Northrop Grumman, ITT Exelis and Hilton Worldwide are just a few companies that have established headquarters in the Commonwealth. To learn why many of the world’s largest companies call Virginia home click here.

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Virginia Brews Up 800 New Jobs in Isle of Wight

Tuesday, 1 November 2011 15:59 by Info@YesVirginia.org

Isle of Wight County received some big news when leading coffeemaker Green Mountain Coffee Roasters, Inc. (GMCR) announced it will invest $180 million and create 800 jobs over the next five years. The company plans to purchase a 330,000-square-foot building at Shirley T. Holland Intermodal Park that will serve as a production and distribution facility, handling the roasting, grinding, flavoring and packaging of its Keurig® single-serve product line. 

Governor McDonnell aptly described this project as “transformational for Isle of Wight County.” The county, part of the Hampton Roads region, was especially hard hit by job losses during the recent economic downturn. The 800 jobs that this project will bring are particularly meaningful to this community.

Virginia was able to attract this world class consumer products company because it was able to provide a location that aligned the company’s production facility with its supply chain, workforce and logistical needs. The Commonwealth’s central location on the Atlantic Coast allows for easy transport to the Northeast, Southeast and Midwest markets. 

GMCR referenced the appeal of Virginia’s workforce as one of the key factors in selecting this site. Virginia is home to 525 Food Processing companies that employ more than 33,000 people. A steady stream of skilled employees is provided through Virginia Tech’s Department of Food Science and Technology, the Virginia Packaging Application Center at Dabney S. Lancaster Community College, and the Center for High Performance Manufacturing, also at Virginia Tech.

The Food and Beverage cluster is growing in the Commonwealth as Food Processing companies have invested more than $2 billion since 2000, creating more than 6,900 new jobs. Hershey, Kraft Fo="addthis_button_preferred_3">

Virginia Small Business Financing Authority Launches Micro-Loan Program

Thursday, 23 February 2012 16:33 by Info@YesVirginia.org
While micro-loans are often associated with aiding entrepreneurs across the globe, the Virginia Small Business Financing Authority has established a program to help Virginia entrepreneurs right here in the Commonwealth.

While micro-loans are often associated with aiding entrepreneurs across the globe, the Virginia Small Business Financing Authority has established a program to help Virginia entrepreneurs right here in the Commonwealth.

The program is targeted towards existing Virginia businesses that will use the financing to either create new jobs or retain existing jobs. Companies must have been in operation for at least three years, as well as meet additional criteria in order to take advantage of the program.

These short-term loans will have a maximum maturity of one year with rates based off the Wall Street Journal  Prime Rate. Funds can be used for financing working capital needs, fixed asset purchases, leasehold improvements or technology infrastructure.

Virginia is a great place to start and grow a business, offering entrepreneurs a variety of resources at all stages of expansion. Use these links to learn more about Virginia’s Micro-Loan Program and obtain an application.

To learn more about Virginia’s resources for early stage companies click here.

Laminate Technologies Can’t Resist Virginia’s Furniture Community in Henry County

Tuesday, 21 February 2012 09:40 by Info@YesVirginia.org

A rich tradition of cabinet and furniture makers in Southern Virginia attracted Laminate Technologies (LamTech) to the Martinsville Industrial Park in Henry County. Virginia competed successfully against North Carolina for the project, which will bring 30 new jobs and a $2 million investment to the already well-established wood product manufacturing industry in the Martinsville – Henry County region. 

The Henry County location is LamTech’s first operation in the Commonwealth, strategically positioning the company near many of its customers, already thriving in the region. Home to a number of successful furniture companies, the region has established itself as a hub of Ame offshore Virginia, Seigler and his friends soon encountered problems with the performance of the reels they were using. Drawing upon his experience perfecting his own bike gearing and after encouragement from contacts in the cycling industry, Seigler decided to design his own product.

Release Reels was established in 2009. Seigler quickly found himself in the world of POs, RFQs and SKUs and learning what it all meant on the go. He initially started manufacturing in China, but found his intellectual property was leaking into competitors’ products and decided to bring back the manufacturing stateside.

Release Reels makes premium saltwater fishing reels, and the tolerances are very high. The product has to perform perfectly and look sharp. In order to make sure the machining was spot on, he decided to manufacture it himself. Upon being told he couldn’t compete with Asia, Seigler responded, “We can, we just gotta be willing to work.”

The company now operates nine CNC machines and has 10 full-time employees. 100% of the assembly and machining is done in Virginia and 100% of the component parts are made in the U.S. Seigler sources specialty bearings from Florida, gears and springs from Wisconsin and screws from San Diego, all to ensure the product is made in the USA.

“We have to win all categories — that’s the mentality of our company,” said Seigler. Release Reels products outperform in every class — they are smaller and more powerful, while weighing less.

The company also maintains a lifetime warranty on all its products, which no one else in the industry does. “If you purchase a product, I believe you should be able to call somebody and talk to them,” remarked Seigler. “We can fix it inexpensively, since we do all the machining in-house. Customers love the interaction and that carries into their next purchase.”

Release Reels also works with Rappahannock Community College and hires interns with an interest in machining as a career. “Giving a chance to somebody that might not be university bound has been pretty cool. Manufacturing is not what it used to be, it’s technology driven. We run a clean shop and it’s a great environment where people can learn a lot,” said Seigler.

The company’s high standards and customer service have paid off. After beginning with production of 100 reels per month, the company is now selling almost 600 reels per month and building the infrastructure to grow beyond that. They have also expanded into international markets from Europe to Southeast Asia.  

“The international market is huge for us,” noted Seigler. “People love an American-made product. Japan has a large fishing industry with some of the top shops in the world there. Being accepted by those customers is a strong statement for the quality of our products.”

As we celebrate Virginia Business Appreciation Month, Release Reels is a great example of the innovation and entrepreneurial spirit alive in the Commonwealth. To learn more why Virginia is a great place to grow a business, click here.

Release Reels Founder and President Wes Seigler demonstrates the company’s premium saltwater fishing reels for a future customer. Photo courtesy of Release Reels.

NCS Technologies — A Case Study of Innovation During Sequestration

Thursday, 7 May 2015 10:33 by Info@YesVirginia.org
Founded in Northern Virginia in 1996, NCS Technologies made a name for itself as a nimble and responsive small business computer manufacturer and supplier to state and federal agencies, the military, the intelligence community and commercial markets. The company operates out of a modern campus in Gainesville...

Founded in Northern Virginia in 1996, NCS Technologies made a name for itself as a nimble and responsive small business computer manufacturer and supplier to state and federal agencies, the military, the intelligence community and commercial markets. The company operates out of a modern campus in Gainesville.

The company’s products include commercial-off-the-shelf laptops and desktops for offices and schools, high-performance servers for corporate networks, and rugged tablet computers and servers for the military. Over the years, much of the company’s business depended on government.

Like many companies that found a niche serving federal agencies, the impact of sequestration created significant challenges. However, as with all great companies, NCS was able to turn those challenges into opportunities and come out successfully on the other side.

NCS has bounced back to its full pre-sequestration workforce and used the opportunity to diversify its customer base. The company realized that its experience delivering advanced computing products and services to highly demanding government customers could be translated into innovative new products for other growing markets, including healthcare, advanced manufacturing, banking and financial services.

The company kept innovating during the economic downturn and developed the industry’s only zero client laptop. Zero client computers have no operating system or data stored locally. Everything is virtually saved in the cloud, making the data more secure in the event the computer is hacked, lost or stolen.

While global competitors have developed zero client desktops, NCS Technologies is the only company able to master the engineering challenges to fit those capabilities, including patented Wi-Fi capability, into a mobile laptop product.

“Our employees are our greatest investment in innovation,” said John Callahan, vice president of marketing. “They are truly knowledge workers, including electrical engineers, sales representatives, program managers, financial analysts, highly trained assembly-line associates, technical support and customer service employees. Prince William County and surrounding Northern Virginia offers us that range of workforce that helps us excel in a complex, ultra-competitive environment.”

As part of Virginia Business Appreciation Month, NCS Technologies represents the high-growth industry and technological innovation that is alive and well in the Commonwealth. To learn why companies have found success in Virginia for more than 400 years, click here.

The Cirrus LT from NCS Technologies is the world’s first mobile zero client laptop computer. Photo courtesy of NCS Technologies.

 

 

Highground Services — A Successful Graduate of the Franklin Business Incubator

Friday, 1 May 2015 09:34 by Info@YesVirginia.org
John Warren and James Strozier, two former International Paper employees, put their experience together and became entrepreneurs when they created Highground Services in 2006. They co-founded the company with their wives, allowing it to qualify as a veteran-owned, SWAM (small, women-owned and minority) business...

John Warren and James Strozier, two former International Paper employees, put their experience together and became entrepreneurs when they created Highground Services in 2006. They co-founded the company with their wives, allowing it to qualify as a veteran-owned, SWAM (small, women-owned and minority) business.

The company provides high quality engineering services for process control, system automation and instrumentation projects.

The company was off to a fast start — they landed their first contract with International Paper in May 2007 and became a part of the Franklin Business Incubator that December.

When International Paper announced the closing of its Franklin Mill in 2009, this represented a substantial part of Highground Services’ sales.

Rather than be discouraged by the economic downturn and loss of their largest customer, Warren and Strozier seized the opportunity to hire displaced International Paper workers and expand their customer base. They also diversified their business by providing new services, including electrical construction and plant maintenance.

“We made a conscious decision to locate in a historically underutilized business zone and we really value being a part of this community,” said CEO James Strozier. “Our employees are tremendous and they worked tirelessly to help us not only survive, but thrive in what could have been a very challenging time.”

The company’s efforts have paid off in multiple ways. They received the Virginia Business Incubation Association's Donna Noble Incubator Client Award in 2009, UVA’s Darden School of Business Tayloe Murphy Resilience Awards in 2011 and the Franklin/Southampton Chamber of Commerce Business of the Year Award in 2010.

Highground Services has surpassed the $5 million revenue mark for the third straight year, and grown from four founders to 65 employees. The company is also poised to graduate from the Franklin Business Incubator and is in the process of purchasing a building across the street in downtown Franklin.

The entrepreneurial spirit and resiliency of Highground Services is a great reminder of the innovation that exists here in the Commonwealth as we celebrate Virginia Business Appreciation Month. To learn why Virginia offers the resources for entrepreneurs to start and grow their businesses, click here.

Co-founders Jim and Lisa Strozier (center) are joined by local officials in front of their new property in downtown Franklin, Va.

Shenandoah Valley Partnership Launches inDEMAND Jobs Site

Tuesday, 21 April 2015 10:28 by Info@YesVirginia.org
The Shenandoah Valley Partnership is partnering with WHSV-TV3 news to launch an educational campaign called “inDEMAND Local Career Opportunities...

The Shenandoah Valley Partnership is partnering with WHSV-TV3 news to launch an educational campaign called “inDEMAND Local Career Opportunities.”

The purpose of inDemand is to increase awareness about high-paying career opportunities in high-growth industries where there is a substantial demand for a qualified workforce. With the cost of higher education a concern for many families, this campaign will highlight rewarding jobs that require some additional training, but not a full four-year degree. 

Through linkage with Dream It, Do It — Virginia, the campaign will help both students and current employees match their career aspirations with programs and certifications offered through the Virginia Community College System, Career and Technical Education Centers, and four-year colleges and universities.

WHSV-TV3 is currently filming a series of three minute videos featuring 26 different careers that will be posted on their site at http://www.whsv.com/indemand. Governor McAuliffe kicked off the campaign earlier this month and his interview is included on the site.

The first video focused on high demand in the welding industry. Training to become a welder takes about six months and companies in the Shenandoah Valley are projected to hire 180 welders over the next 10 years.

Upcoming videos will discuss local demand for employees in the software development, mechatronics, accounting and trucking industries, to name just a few.

The Shenandoah Valley’s inDemand campaign highlights the premier workforce training programs that exist across the Commonwealth. To learn how Virginia is keeping its workforce up-to-date on the latest technology through its 15 public universities, 45 private institutions and 23 community colleges, click here.

Virginia Makes a Strong Showing on Kiplinger’s 2015 Best College Values List

Friday, 17 April 2015 16:00 by Info@YesVirginia.org
Virginia universities made a strong showing on Kiplinger’s annual Best Colleges list, all the more important in the current environment where finding a quality education at an affordable price has become increasingly challenging...

Virginia universities made a strong showing on Kiplinger’s annual Best Colleges list, all the more important in the current environment where finding a quality education at an affordable price has become increasingly challenging.

In the public categories list, University of Virginia was ranked No. 2, The College of William and Mary No. 5, James Madison University No. 29, Virginia Tech No. 35, Christopher Newport University No. 83, and University of Mary Washington was No. 84.

For the liberal arts category, Washington and Lee University received a No. 2 ranking, University of Richmond No. 10, and Christendom College was No. 57.

To calculate the rankings, the editors at Kiplinger looked at a number of metrics used to determine both quality and value. The list was drawn from more than 1,200 four-year higher education institutions across the U.S.

Quality was measured through admission rates, test scores of incoming freshman, freshman retention, students per faculty and four-year graduation rates.

Value was calculated by looking at the overall cost of education, the amount of need-based and non-need-based aid, the percentage of need met and student debt at graduation.

Virginia’s strong rankings in both the public and liberal arts categories show the breadth of the Commonwealth’s premier education offerings. Virginia has more than 575,000 students enrolled in 230 campuses across the state ensuring the workforce of tomorrow is prepared to meet industry needs. To learn more click here.

A view of the Rotunda at the University of Virginia. Photo courtesy of UVA and Cassidy Girvin.

VEDP and CCAM Receive Achievement in Innovation Award from Business Facilities Magazine

Tuesday, 14 April 2015 17:07 by Info@YesVirginia.org
Business Facilities magazine recently announced its 2015 Economic Development Awards and VEDP was a recipient of one of five Achievement in Innovation Awards for the Commonwealth Center for Advanced Manufacturing...

Business Facilities magazine recently announced its 2015 Economic Development Awards and VEDP was a recipient of one of five Achievement in Innovation Awards for the Commonwealth Center for Advanced Manufacturing.

The Business Facilities article mentioned how difficult it was to narrow down candidates this year because best practices are being implemented across the country, making CCAM’s recognition all the more meaningful.                                                          

According to the Business Facilities’ editorial staff, “The states that are ahead of the curve have developed innovation hubs for targeted growth sectors and created an environment that makes their locations fertile ground for emerging businesses. This year, we’re focusing our spotlight on five programs that have exhibited consistent excellence in the development of innovation hubs and three successful initiatives targeting entrepreneurs.”

CCAM is an applied research center that brings together Virginia’s leading manufacturing companies and educational institutions to turn research into real-world technologies and solutions. It operates out of a 62,000-square-foot facility located adjacent to the 1,000-acre Rolls-Royce Crosspointe Campus in Prince George County, Va.

CCAM is focused on advancing and commercializing manufacturing technologies in six key areas — surface engineering, manufacturing systems, machining technologies, welding, additive manufacturing and composite materials.

Operating as a public-private partnership, its roster is made up of five university members and 33 corporate and industry members, including globally recognized leaders Aerojet Rocketdyne, Airbus, Alcoa, Canon, Chromalloy, NASA, Newport News Shipbuilding, Oerlikon Metco, Rolls-Royce, Sandvik Coromant and Siemens.

This award highlights what the more than 5,600 manufacturing companies located in Virginia already know — that the Commonwealth is a hub of advanced manufacturing and offers companies the innovative environment to grow. To learn more click here.

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

VEDP’s Advertising Agency Wins Best in Show for Stone Brewing Kit

Monday, 13 April 2015 15:27 by Info@YesVirginia.org
We at VEDP are proud to congratulate our advertising agency, Elevation, for winning Best in Show in the Promotional Design & Advertising category at the Richmond Ad Club’s annual awards show...

We at VEDP are proud to congratulate our advertising agency, Elevation, for winning Best in Show in the Promotional Design & Advertising category at the Richmond Ad Club’s annual awards show.

Elevation helped us develop a unique presentation for the executive team at Stone Brewing Co. as part of our marketing process to win their East Coast location for Virginia.

During a meeting among Stone Brewing Co., the Governor, his administration, and other key members of the Virginia marketing team, VEDP organized a surprise visit from a character actor portraying Thomas Jefferson.

Agriculture was one of Jefferson’s greatest passions, and at Monticello he grew the ingredients to make his own ale, continuing Virginia’s more than 400-year brewing legacy.

Elevation developed a script for Jefferson to describe Virginia’s plentiful natural resources that would make an excellent home for Stone Brewing’s East Coast location. They also developed a kit filled with Virginia brewing ingredients for Jefferson to present to the Stone executive team — pure Virginia water, wheat, hops and molasses.

As everyone knows, the pitch was successful and Stone Brewing announced their plans to invest $74 million to construct a brewery, packaging hall, restaurant, gardens, retail store and offices in Richmond this past fall.

Virginia successfully competed against more than 20 states, and winning this competitive project from the country’s 10th largest craft brewing company has furthered the Commonwealth’s position as a serious player in the craft beer industry.

Food and beverage companies continue to find Virginia has the recipe for success. To learn why food processing companies have invested more than $2.1 billion in Virginia since 2004, click here.

An actor portraying Thomas Jefferson holds the Stone Brewing kit for a marketing presentation that won Best in Show at the Richmond Ad Club awards.

Magnets USA Celebrates 25 Years and a New Facility in Virginia

Friday, 27 March 2015 16:57 by Info@YesVirginia.org
Magnets USA recently celebrated 25 years in the Roanoke Valley region of Virginia. The company also hosted a ribbon-cutting ceremony for its new building in Vinton, Va...

Magnets USA recently celebrated 25 years in the Roanoke Valley region of Virginia. The company also hosted a ribbon-cutting ceremony for its new building in Vinton, Va.

Magnets USA moved from nearby Roanoke City into the former Grumman Fire Truck Corp. location, a newly-renovated, climate-controlled, 45,000-square-foot building. The grand opening event featured fire trucks previously manufactured at the Grumman building to commemorate its history.

The new facility will provide 70 percent more production space and allow the company to add 25 new jobs to its current workforce of 60. VEDP’s Virginia Jobs Investment Program is assisting the company with training funds for the new jobs.

Founded in 1990, the company began selling adhesive materials that magnetized business cards. Today, Magnets USA produces more than 20 million magnetized marketing products each year, including calendars, sports and event schedules, banners and business cards. 

Virginia’s premier business environment has allowed the company to successfully expand its customer base to include the real estate market, Chicago Bears, Salem Red Sox, Kid Rock Enterprises, Burning Man, Floyd Fest, the American Quilter’s Society and local schools.

Magnets USA has also worked with VEDP’s international trade team to increase global sales. The company currently exports to Canada, Mexico and the Caribbean.

The company’s history and success in Virginia is another example of the pro-business environment and resources the Commonwealth provides for growing companies. To learn more, click here.

The Magnets USA team prepares to cut the ribbon at the company’s grand opening ceremony for its renovated facility in Vinton, Va. Photo courtesy of Magnets USA.

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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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rican furniture manufacturing. Some of these firms, such as Basset and Stanley, were founded in Martinsville and have had a manufacturing presence in Henry County for more than 80 years.  

Given the nature of wood product manufacturing, which demands the movement and storage of large pre-production and finished goods, Virginia’s world-class logistics and supply chain network provides a strategic advantage to furniture companies. With easy access to high quality lumber, the efficient East Coast transportation infrastructure and a workforce of skilled artisans, Henry County offers an ideal location for the manufacturing of hardwood and laminate furniture, cabinets and component products. 

To learn more about Virginia’s growing wood products industry and why LamTech is one of more than 1,100 wood products companies located in the Commonwealth click here

Virginia’s Wind Industry Moves Forward On and Offshore

Friday, 17 February 2012 10:01 by Info@YesVirginia.org

The federal Bureau of Ocean Energy Management (BOEM) recently initiated a Call for Information and Nominations to determine industry interest in commercial wind energy leases in federal waters off Virginia’s coast. This announcement is a significant milestone advancing Virginia’s offshore wind industry and moving the Commonwealth closer to claiming the title, “Energy Capital of the East Coast.”

Industry participants will have 45 days to respond to the Call, after which BOEM will determine whether the leasing process will be competitive or not. The Call Area was determined by the Virginia Renewable Energy Task Force in an effort to balance offshore wind development with protection of the environment and shipping interests. BOEM recently completed an environmental assessment of the area and determined that there would be “no significant impacts” in issuing these leases.

Virginia has already made significant strides in developing its offshore wind energy assets. The Commonwealth’s ideal combination of strong Class 6 winds and shallow waters that allow for the easy installation of turbines has attracted a number of players in the global supply chain.

Last October, Virginia’s Northampton County was selected as the site for Poseidon Atlantic, the first comprehensive testing and certification facility for both offshore and land-based wind turbines in the U.S. Poseidon Atlantic recently installed its first Light Detection and Ranging (LIDAR) monitoring position in Northampton County. The LIDAR system is about the size of an air conditioner and uses laser technology to measure wind speed, direction, frequency and strength. This project will be uniquely able to test and certify the entire wind turbine (as opposed to testing component parts).

In addition, Gamesa Technology Corp. and Newport News Shipbuilding, a unit of Huntington Ingalls Industries, have launched the Gamesa Offshore Wind Technology Center in Chesapeake, Va. The center has made significant strides in developing an offshore testing facility in the Chesapeake Bay, off the Eastern Shore. The test site has been identified and submarine testing of the ocean floor has begun. The test site is expected to be complete in late 2012 to early 2013.

To learn more about Virginia’s energy assets and why more than 380 energy companies have established operations in the Commonwealth, click here.

 

Virginia’s Noblis Center for Applied High Performance Computing is Open for Business

Tuesday, 14 February 2012 14:08 by Info@YesVirginia.org

Deputy Secretary of Commerce and Trade for Rural Economic Development Mary Rae Carter joined state and local officials to celebrate the opening of the Noblis Center for Applied High Performance Computing (CAHPC) in Danville, Va., last Friday. CAHPC is home to the Cray XMT2, the latest generation XMT and the only XMT supercomputer in the U.S. outside of a federal or academic setting.

Taking the power of High Performance Computing (HPC) out of the lab, CAHPC will allow companies convenient access to a supercomputer to solve advanced, real-world problems involving large amounts of data. This access to a supercomputer is unprecedented outside of federal or academic setting and removes the cost barrier to entry for smaller Virginia businesses.

Initially announced in June 2011, one of the goals of this project is to build on the success of Danville’s burgeoning River District by attracting additional high-tech companies. Located on the Dan River, the area’s historic buildings are being renovated and quickly becoming a hub for technology companies. Luna Nanoworks, Lifebatt, Infinity Global Packaging and Horizontech have already invested in the area.

While Northern Virginia is certainly an impressive IT hub, Danville’s location in Southside Virginia illustrates the expansiveness of Virginia’s high-tech capabilities throughout the Commonwealth. Virginia has the highest concentration of high-tech companies as well as the highest concentration of high-tech workers according to Enterprising States 2011: Recovery and Renewal for the 21st Century prepared by Praxis Strategy Group and Cyberstates 2011, respectively.

To learn more about Virginia’s world-class technology capabilities and why high-tech companies have invested more than $9 billion in Virginia over the last ten years, click here.

Pictured below is the Cray XMT2, the latest generation XMT supercomputer.

Virginia Delivers — Inaugural Flower Shipment from Ethiopia

Monday, 13 February 2012 10:33 by Info@YesVirginia.org
If you receive a bouquet this Valentine’s Day, it may contain flowers flown in from Ethiopia. Ethiopian Airlines delivered its first shipment, nearly two tons of Hypericum flowers, to Washington Dulles International Airport in January, and continues to deliver this amount on a weekly basis...

If you receive a bouquet this Valentine’s Day, it may contain flowers flown in from Ethiopia. Ethiopian Airlines delivered its first shipment, nearly two tons of Hypericum flowers, to Washington Dulles International Airport in January, and continues to deliver this amount on a weekly basis.

Arriving in perfect condition from Addis Ababa, this shipment of the Hypericum Coco variety was grown by Sun Kissed Flowers on the highlands of Ethiopia in East Africa. Ethiopia’s elevation, soil quality and weather conditions are perfect for slow-growing flowers, making some of the highest quality Hypericums in the world. A popular filler flower used to complement bouquets, the Hypericum’s signature berries resemble the coffee bean, one of Ethiopia’s better known exports.

While flowers may not be top of mind when Westerners think about Ethiopia, the country’s horticulture industry is on the rise. Also a global leader in producing a wide variety of roses and carnations, EthiopianFlowerExport.com reported the country exported 450 million cut flowers in the first quarter of fiscal 2011, with expectations to generate $530 million in revenues by 2014.

This milestone is part of the transformation taking place among commercial air carriers. Faced with rising operating costs, carriers are trying to squeeze every possible dollar to hold margins steady — hence the air cargo industry has taken off. (For additional information on the air cargo industry see our November blog.)

When it comes to delivering perishable cargo, such as flowers, Virginia’s logistics network is world-class. Dulles’ central East Coast location is within a day’s reach of more than 50 percent of the U.S. market. With a catchment area that covers 25 states and parts of Canada, as well as a dedicated access road to I-95, Dulles’ ability to save valuable time and spoilage costs has made it a sought-after import/export location.

More than 240 companies have set up distribution centers in the Commonwealth and companies shipping perishable goods, such as flowers, food and pharmaceuticals, are discovering the benefits of Virginia’s premier air cargo industry. To learn more Virginia’s world-class logistics capabilities click here.

Fortune 100 Company Honeywell Chooses Virginia - Again

Thursday, 9 February 2012 12:07 by Info@YesVirginia.org

While it’s always exciting when a new company opens its first operation in the Commonwealth, VEDP is just as enthusiastic when a long-standing Virginia company chooses to expand its operations here. That’s just what happened when Honeywell announced its plans to expand its Advanced Fibers and Composites (AF&C) operation in Chesterfield County through an investment of $27.5 million, which will create 50 new jobs.

Honeywell began operating in Virginia back in 1928 and this 80-plus year history has resulted in 17 facilities across the Commonwealth that employ 1,800 Virginians. Continued expansion and investment in Virginia confirms the company’s positive experience in the Commonwealth, allowing Virginia to beat out North Carolina and South Carolina for this project.

Honeywell’s AF&C business manufactures the lightest and strongest polyethylene fiber in the world. Its life-saving technology is used in applications to protect military and police officers where lightweight strength is critical. Bullet-resistant vests, breast plates, helmets, combat vehicles and military aircraft are just a few applications for AF&C’s world-class polyethylene fiber.

Virginia’s appeal to the plastics and advanced materials industry spans numerous subsectors including fiber and film manufacturing, blow molding, injection molding, pipe manufacturing, thermoforming and equipment manufacturing. With recent announcements from the likes of DuPont, Rubbermaid Commercial Products, Tessy Plastics, O’Sullivan Films and Phoenix Packaging, Virginia has made its mark as an ideal location for plastics and advanced materials companies. To learn more click here.

Advance Auto Parts Adds Financial Center to Virginia Headquarters

Wednesday, 8 February 2012 10:02 by Info@YesVirginia.org
Advance Auto Parts recently announced its plans to establish a Financial Services Commercial Customer Care Center at its corporate headquarters location in Roanoke, Va. Located at the Crossroads Corporate Business Center, this project will bring an $8 million investment and 75 new jobs to Roanoke over the next three years.

Advance Auto Parts recently announced its plans to establish a Financial Services Commercial Customer Care Center at its corporate headquarters location in Roanoke, Va. Located at the Crossroads Corporate Business Center, this project will bring an $8 million investment and 75 new jobs to Roanoke over the next three years.

Historically catering to the do-it-yourself market, Advance Auto Parts has expanded its customer base to include commercial customers. This project will allow the company to enhance its customer service to this market, bringing the management of the entire commercial credit experience under one roof.

Commencing operations in Roanoke 80 years ago, Advance Auto Parts has successfully grown its operations in the Commonwealth from a small, family-run business to a Fortune 500 Company. CEO Darren R. Jackson recently rang the bell at the NYSE to celebrate the company’s 10-year anniversary as a publicly-traded company.

The company’s commitment to Virginia and the Roanoke region is expressed by CEO Darren R. Jackson, “Over the last few years, we have invested over $10 million in our Store Support Center in Roanoke in our effort to expand and improve our facilities. This new team will be part of our over 1,600 Team Member base in Roanoke and is an integral part of our goal to grow Advance through service and reflects our longstanding commitment to the growth and development of the Roanoke Valley.”

Virginia is home to 70 corporate headquarters of companies exceeding $500 million in revenue. To learn why leading companies, like Advance Auto Parts, call Virginia home, 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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