VEDP is Entering the Blogosphere

Dienstag, 19 Mai 2009 15:40 by Info@YesVirginia.org

We’re not sure we belong here, but we’re giving it a shot. We’d like to think VEDP is among cutting-edge state economic development organizations. After all, Virginia has been ranked the “Best State for Business” for three years in a row by Forbes.com. That didn’t just happen.

In times of economic crisis, Virginia needs to be creative with how it delivers its message. We’re often credited for our creativity when it comes to helping companies find solutions to meet their needs. Now it’s time to help ourselves.

Like others, our marketing budget has been slashed and our economic development activity has slowed. But in comparison to other states across the nation, Virginia is holding its own. In fact, the number of announcements, the sector and geographic diversity, and the encouraging ratio of new to expanding economic development projects suggest that Virginia remains a sought-after destination for new business investment.

We intend to keep it that way. If one (free) method of marketing Virginia means venturing out into the unknown world of cyberspace—we’re willing to give it a shot. It remains to be seen if it will help; it certainly can’t hurt.

Categories:  
Actions:   E-mail | Permalink | Kommentare (0) | YesVirginia Business Blog | All posts tagged 'workforce training'

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

Foreign Direct Investment Makes Massive Job Impact on Virginia

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

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

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

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

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

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

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


Governor McAuliffe
participated in a workforce development panel during SelectUSA.

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

Virginia’s Colleges and Universities Make Another Strong Showing on MONEY’s Best Colleges List

Tuesday, 14 July 2015 17:16 by Info@YesVirginia.org
Once again, Virginia’s higher education institutions made a strong showing on MONEY Magazine’s 2015 Best Colleges List...

Once again, Virginia’s higher education institutions made a strong showing on MONEY Magazine’s 2015 Best Colleges List

10 Virginia institutions made the Top 200 overall:  University of Virginia (No. 17), Washington and Lee University (No. 24), Virginia Military Institute (No. 48), Virginia Tech (also tied at No. 48), James Madison University (No. 59), College of William and Mary (No. 75), University of Richmond (No. 105), University of Mary Washington (No. 119), George Mason University (No. 127), and Hampden-Sydney College (No. 157).

The Commonwealth had seven schools make the Top 50 Best Public Colleges list:  UVA was No. 4, Virginia Tech and VMI both tied for No. 15, JMU tied with another school for No. 19, College of William and Mary was in a three-way tie for No. 26, University of Mary Washington tied with another school for No. 42, and GMU rounded out the list in a three-way tie for No. 47.

Virginia also had strong results in the Top 50 Best Liberal Arts Colleges list with four schools:  Washington and Lee was No. 4, VMI was No. 10, University of Richmond tied with another school for No. 26, and Hampden-Sydney College was No. 38.  

Bridgewater College was counted among the Top 50 Most Affordable Private Colleges and Hampton University was included in the Top 50 Colleges That Add the Most Value list.

The editors at MONEY Magazine only included the 736 schools with an above-median graduation rate from the list of 1,500 four-year colleges and universities in the U.S. The schools were then ranked on 21 factors falling into the three categories of quality of education, affordability and outcomes.

Virginia’s world-class education system is currently serving more than 575,000 students who will provide a steady pipeline to support the Commonwealth’s current industry needs. To learn why Virginia’s higher education institutions continue to be highly ranked, click here.

A view of The Rotunda at University of Virginia, ranked No. 4 on MONEY Magazine’s Top 50 Best Public Colleges list for 2015. Photo courtesy of Virginia Tourism Corp.

Plastics on the Rise — Insights from the Plastics News Forum 2014

Friday, 7 March 2014 14:15 by Info@YesVirginia.org
Last week, VEDP attended the Plastics News Executive Forum in Tampa, Florida. We had the opportunity to hear from Bill Wood, Founder of Mountaintop Economics & Research, and learn why he thinks the North American plastics industry is on the rise...

Last week, VEDP attended the Plastics News Executive Forum in Tampa, Florida. We had the opportunity to hear from Bill Wood, Founder of Mountaintop Economics & Research, and learn why he thinks the North American plastics industry is on the rise.

First, the Institute for Supply Management’s Purchasing Managers' Index has been growing for the past few years. The PMI is an economic indicator derived from monthly surveys of private sector companies. Since the PMI has been on the rise for several years, Bill predicts it should continue to increase for years to come, which is good news for Virginia’s already thriving plastics industry.

Second, U.S. durable goods orders are on the upward trend with five percent growth in 2014. Durable goods are items from toasters to aircraft meant to last three years or more. This increase shows hopeful signs for factory activity which have slowed in recent years.

Finally, U.S. plastic parts production has increased six percent in the past year. Low U.S. natural gas prices have helped increase domestic plastic production after a decline from the 2008 recession.

These three factors are strong indicators that the U.S. plastics industry will continue to grow in 2014. Since 2003, Virginia plastics firms have invested more than $1 billion and created more than 4,900 jobs. To learn more about Virginia’s plastics industry, click here.

Bill Wood, Founder of Mountaintop Economics & Research, presents at the Plastics News Executive Forum 2014.

Virginia’s Focus on Cybersecurity Remains Strong

Thursday, 6 March 2014 14:22 by Info@YesVirginia.org
Governor McAuliffe recently announced the launch of Cyber Virginia, a plan to establish the Virginia Cybersecurity Commission and augment Virginia’s leadership in cybersecurity...

Governor McAuliffe recently announced the launch of Cyber Virginia, a plan to establish the Virginia Cybersecurity Commission and augment Virginia’s leadership in cybersecurity.

The Commonwealth has a strong legacy in cybersecurity, and is well-positioned with the infrastructure to grow this sector. Virginia has the highest concentration of high-tech workers, according to Cyberstates 2013, and up to 70 percent of the world’s Internet traffic flows through Northern Virginia every day. Growth in the Commonwealth’s data center industry remains robust — investment topped $1 billion in 2012 — positioning Virginia as the place to be for companies moving towards cloud computing.

Virginia’s close proximity to the federal government’s cybersecurity operations also played a role in establishing its leadership position. The Commonwealth is home to the U.S. Department of Defense, U.S. Department of Homeland Security’s National Cybersecurity and Communication Integration Center, and DARPA.

Virginia’s premier institutions of higher education are poised to maintain the Commonwealth’s leadership in technology through a healthy pipeline of skilled technology workers. Twenty-two of Virginia’s 23 community colleges offer training programs in cybersecurity.

In addition, the NSA and U.S. Department of Homeland Security named five Virginia schools as National Centers of Academic Excellence in Information Assurance Education: George Mason University, Hampton University, James Madison University, Marymount University, and Norfolk State University. Virginia Tech was named a National Center of Academic Excellence in Information Assurance Research.

To highlight a couple of these programs, Virginia Tech offers the Hume Center for National Security and Technology, which researches intelligence applications of cyberattacks and defense. The university also provides students with real world experience through its IT Security Lab. In partnership with the Naval Postgraduate School and L-3 Communications, Virginia Tech hosts the Cybersecurity Innovations Laboratory at its Arlington campus.

In one of our recent blogs, we mentioned George Mason University’s expertise as the author of the ="true" UnhideWhenUsed="true" Name="HTML Bottom of Form"/>

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

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

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

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

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

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

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2016

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

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

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

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

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

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

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

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

VEDP Publishes Cybersecurity Export Market Report

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

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

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

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

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

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

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

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

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

Broadband Access is Key to Economic Growth in Healthcare IT

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

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

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

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

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

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

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

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

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

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2016

ed="false" Priority="48" Name="Grid Table 3 Accent 1"/>

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

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

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

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

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

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

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

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

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

Distribution Companies Deliver Big Investment to Virginia

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

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

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

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

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

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

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

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

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


The Vitamin Shoppe distribution center in Hanover County, Virginia.

Cybersecurity Industry Surges Ahead in Virginia

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

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

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

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

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

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

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

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

 

Craft Beer Industry Thrives in Virginia

Thursday, 5 May 2016 09:22 by Info@YesVirginia.org

Virginia is celebrating Business Appreciation Month in Philadelphia this week by showcasing local breweries during BrewExpo America, the country’s largest craft brewery industry gathering.

America’s beer-brewing tradition began more than 400 years ago in historic Jamestown. Today, more than 130 licensed breweries call Virginia home and have an economic impact of $1 billion. The Commonwealth’s craft brewing industry began to flourish in 2012 when a new state law allowed breweries to sell their beer for on-premises consumption. In 2015, Virginia craft brewers produced 274,111 barrels of beer – 346% more than in 2011.

Across the Commonwealth, communities are engaged in helping the craft beer industry thrive. Virginia Tech hosts the largest, and one of few remaining, barley breeding programs in the eastern U.S. The university is also home to a state-of-the-art, new brewhouse and malting system to support industry research in fermentation and brewing.

The first commercial-scale hops drying and pelletizing facility in the Mid-Atlantic was created by Lucketts Mill & HopWorks at Black Hops Farm in Loudoun County. Michigan-based Pilot Malt House announced the opening of its second artisan craft malting operation in Loudoun County in 2015 at Black Hops Farm. The project is a collaboration between the Commonwealth, Loudoun County and Pilot Malt House and includes funding from the Governor’s Agriculture and Forestry Industries Development Fund.

Richmond’s Hardywood has been a key player in Virginia’s thriving craft beer industry. Founded by lifelong friends, Hardywood has been brewing beer since 2011. The brewery’s beers have earned international praise with medals at the World Beer Cup and Great American Beer Festival in addition to receiving a rare 100 rating by BeerAdvocate Magazine. Hardywood was rated Virginia's Top Brewery by RateBeer.com users and Thrillist.com recognized it as Virginia’s Best Brewery. The Greater Richmond Chamber Business Council awarded Hardywood the Business of the Year Award in 2013.

In Alexandria, Port City Brewing Company opened its brewery in January 2011 to create more options for quality, locally produced craft beer to Northern Virginia. Port City Brewing Company was named Small Brewing Company of the Year at the 2015 Great American Beer Festival in Denver, and has received numerous awards and recognition since 2011.

Virginia is proud to showcase its craft beer assets and local breweries at BrewExpo America. Governor Terry McAuliffe hosted a Virginia craft beer reception along with the Virginia Economic Development Partnership, the Virginia Department of Agriculture and Consumer Services, Virginia’s craft brewing community and our partners.

As we celebrate Virginia Business Appreciation Month, the craft beer industry serves as a great example of the passion and dedication of Virginia entrepreneurs. To learn why the Commonwealth is a great location to grow a business, click here.


Virginia team during BrewExpo America 2016

Mechatronics Curriculum Likely to Give Mega Boost to Roanoke’s Workforce Pipeline

Wednesday, 6 April 2016 10:03 by Info@YesVirginia.org

The Roanoke Valley Region has recently become a magnet for the automotive industry.

Italy-based ELDOR Corporation, a leading automotive supplier of ignition coils and systems, engine and electronic control units and full systems for hybrids, is the latest company to establish an operation in Botetourt County. A major deciding factor for the company was the region’s skilled workforce.

Thanks to Virginia Western Community College’s (VWCC) advanced technology education programs, there is a strong pipeline of skilled workers to serve the area’s growing automotive industry. VWCC offers an Associate degree in Applied Science with a focus on Mechatronic Systems Engineering Technology—a cross-discipline that combines mechanical, electrical and computer engineering to meet high performance manufacturing industry standards. The community college also offers a Siemens Mechatronic Systems Certification Program to prepare students to work in the ever-growing complex technology industry. 

Students have access to the Fab Lab at VWCC, giving them digital fabrication resources as a platform for their own innovation and inventions. Automated Manufacturing instructor Daniel Horine showcased VWCC’s impressive equipment and training capabilities following the Governor’s ELDOR announcement last month. Attendees, including ELDOR’s executive team, got a personal tour of the community college’s Fab Lab.

The Mechatronics program at VWCC is a great testament to how higher education works to provide students with industry specific skills and create a steady workforce pipeline for area employers. To learn more about Virginia’s 23 community colleges, located on 40 campuses around the state, click here.


VWCC Automated Manufacturing instructor Daniel Horine gives ELDOR executives a tour of the Fab Lab.

Categories:  
Actions:   E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Governor McAuliffe Signs Memorandum of Understanding with Jeollanam-do Provincial Government to Enhance Economic Activity

Thursday, 25 February 2016 09:58 by Info@YesVirginia.org
Governor McAuliffe Signs Memorandum of Understanding with South Korea’s Jeollanam-do Provincial Government to strengthen economic and cultural ties. VEDP joined Virginia Secretary of Commerce and Trade Maurice Jones, Virginia Secretary of Agriculture and Forestry Todd Haymore at the signing ceremony, and look forward to enhancing economic activity.

Governor McAuliffe Signs Memorandum of Understanding with South Korea’s Jeollanam-do Provincial Government to strengthen economic and cultural ties.

VEDP joined Virginia Secretary of Commerce and Trade Maurice Jones, Virginia Secretary of Agriculture and Forestry Todd Haymore at the signing ceremony, and look forward to enhancing economic activity.

The Commonwealth and Jeollanam-do Province share a common desire to exchange information to enhance mutually beneficial economic and cultural activity, including research and development, governmental collaboration, and other related activity pertaining to growth industries, including information and communication technology, agriculture, logistics, energy, and other areas within the global market.

Over the past four decades, the Republic of Korea has demonstrated incredible economic growth and global integration to become a high-tech industrialized economy. Today, the Republic of Korea is the world's 12th largest economy, and ranks 12th among Virginia export destinations. Some of the top opportunities for U.S. exporters in South Korea include:

  • Aerospace Industry
  • Defense Industry Equipment
  • Cosmetics
  • Energy: New and Renewable
  • Medical Equipment
  • Laboratory Scientific Instruments
  • Pollution Control Equipment
  • Education Services

This agreement solidifies the importance of leveraging partnerships in order to build a new Virginia economy. To learn more about Virginia’s global focus, click here.


Governor Terry McAuliffe and Governor Nak Yon Lee of Jeollanam-do Provincial Government celebrate signing of MOU.

Plastics Industry Thrives in Virginia

Wednesday, 17 February 2016 12:52 by Info@YesVirginia.org
This week, VEDP sponsored and attended the Plastics News Executive Forum in Naples, Florida. We had the opportunity to talk with many of the world’s top plastics processors and share the benefits of doing business in Virginia.

This week, VEDP sponsored and attended the Plastics News Executive Forum in Naples, Florida. We had the opportunity to talk with many of the world’s top plastics processors and share the benefits of doing business in Virginia.

Virginia’s strategic mid-Atlantic location and superior transportation network provide access to 43% of the U.S. population within a one-day (10 hour) drive. These assets combined with our competitive operating costs make an ideal location for plastics companies.

The Port of Virginia is a leading gateway to the global market, offering direct connection to over 100 foreign ports. The Port offers the single best infrastructure on the East Coast with no overhead obstructions, on-dock rail service, easy access to ocean lanes, and is the only East Coast port with Congressional authorization to dredge to 55 feet.

Virginia is home to over 200 plastics companies that employ more than 20,300 Virginians. A few companies who call Virginia home include Rubbermaid, TREX, General Packaging, Klockner Pentaplast, Hanwha Azdel and Variform.

Since 2005, plastics and advanced materials companies have invested $1.01 billion and created more than 4,600 new jobs in Virginia. To learn more about Virginia’s plastics industry, click here.

 
Panel of plastics professionals during the Plastics News Executive Forum.

Tags:   , , , ,
Categories:  
Actions:   E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

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.

 

Search


Blog Homepage

Return to blog homepage


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.

Archive

© Copyright 2016