Thank you for helping the Virginia Economic Development Partnership achieve strong results for FY2015. These results include 201 VEDP-assisted projects announcing intent to hire 18,756 new workers and invest $2.9 billion in the Commonwealth of Virginia. Thanks to the dedication of our team and our partners and allies across the Commonwealth, VEDP exceeded its FY15 job creation goal by 44 percent.
Between April and June, 37 Virginia companies traveled with VEDP’s International Trade team on six trips. The team helped the companies forge international relationships through trade missions to Brazil, Mexico and Canada and participate in several trade shows — LAAD, the Global Petroleum Show and the Paris Air Show.
In June, Governor McAuliffe headed overseas for an 11-day marketing mission to Europe. He was joined by the first lady, Secretary of Commerce and Trade Maurice Jones, Secretary of Agriculture and Forestry Todd Haymore, and officials from VEDP, the Virginia Department of Agriculture and Consumer Services, and the Virginia Tourism Corp.
VEDP, VDACS and a number of local and regional economic development groups exhibited at the Brew America Expo at the 2015 Craft Brewers Conference in Portland, Ore., in April. Virginia was the only state represented on the show floor at the event attended by more than 11,500 brewing professionals visiting over 600 exhibitors. Virginia’s presence was bolstered by the attendance of Secretary of Commerce Maurice Jones and Secretary of Agriculture and Forestry Todd Haymore.
The Business Expansion division now has two units to most effectively pursue its objectives. The Corporate Accounts unit is led by Brent Sheffler, and is primarily focused on proactive engagement with existing business leaders in partnership with local and regional allies. The Regional Action unit, led by Tim Stuller, emphasizes action strategies that increase the capabilities important to business retention and growth; namely, higher education and workforce relationships, also in partnership with our allies.
The Greater Richmond region is a dynamic hub of national and international businesses covering the city of Richmond and Chesterfield, Hanover and Henrico Counties. The area is home to the corporate headquarters of 10 Fortune 1000 companies and represents a broad range of industries from biotech to finance to advanced manufacturing.
The Virginia General Assembly has allocated $750,000 to the Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund.
The Shenandoah Valley Partnership is partnering with WHSV-TV3 news to launch an educational campaign called “inDEMAND Local Career Opportunities.”
In June, CWW Conveyor Systems announced it will expand its operation in Carroll County through a $2 million investment, bringing 20 new jobs to the Southern Virginia region. Virginia competed against Pennsylvania for the project.
AXON Ghost Sentinel Inc. will invest $1.5 million to expand in Harrisonburg, creating 29 new jobs. Virginia competed against Michigan and New Jersey for the project.
In June, Qore Systems LLC announced it would relocate its headquarters from Arizona to expand in the Highlands Business Park, operated by Smyth and Washington Counties. The project will bring a $12.8 million investment and 140 new jobs to Southwest Virginia.
Elephant Auto Insurance will invest $2 million to expand its headquarters in Henrico County and create 1,173 new jobs to support its growth in the U.S.
In June, Monogram Food Solutions announced it will establish a warehousing and logistics operation in Henry County through a $7.244 million investment, creating 101 new jobs. This project complements the company’s December 2014 announcement that it would invest $35 million and create 200 new jobs to expand its manufacturing capabilities.
In May, Hubbell Lighting announced it will expand and consolidate its manufacturing and assembly operations in Christiansburg in Montgomery County. The project will bring a $6.015 million investment and 100 new jobs to the New River Valley region. The company also plans to expand its partnership with the Port of Virginia.
Target Corp. will invest approximately $50 million to expand its Suffolk distribution operation, creating hundreds of new jobs in the Hampton Roads region.
Andros Foods North America plans to invest $73 million over the next three years to expand its operation in Shenandoah County, bringing 160 new jobs to the region.
Bristol Compressors International Inc. recently announced it will invest $1 million to expand its operation in Washington County and create 110 new jobs. The ramp-up will include transitioning seasonal employees to full-time roles and adding machining, material, quality and assembly personnel.
Nulife Glass celebrated the opening of its first Virginia operation in Bristol this April, just four short months after the company’s announcement in January. The project includes a $5.9 million investment and 46 new jobs.
In April, Mavalério announced it will establish its first U.S. production operation in Hanover County, bringing 55 new jobs and a $5 million investment to Central Virginia. This project will allow the company to be closer to its customers and expand its footprint in the U.S. market.
Ashland Inc. announced plans to expand its manufacturing operation in Hopewell through an $89.25 million investment over the next three years, creating 17 new jobs and preserving 237 existing jobs.
Once again, Virginia’s higher education institutions made a strong showing on MONEY Magazine’s 2015 Best Colleges List.
Virginia universities also ranked well 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.