Recent News

Bausch + Lomb to Expand in Lynchburg, Create 79 New Jobs

July 8, 2020

RICHMOND—Governor Ralph Northam today announced that Bausch + Lomb, a leading global eye health business of Bausch Health Companies Inc.

Fleetwood Homes to Create 60 New Jobs in Franklin County

July 2, 2020

RICHMOND—Governor Ralph Northam today announced that Fleetwood Homes, a leading homebuilder and maker of manufactured homes, plans to invest $2.1 million, including $700,000 in new equipment, to renovate and expand its Rocky Mount facility.

The Hershey Company to Invest $135 Million, Create 110 New Jobs in Augusta County

June 30, 2020

RICHMOND—Governor Ralph Northam today announced that The Hershey Company will invest $135 million to expand its manufacturing operation in Augusta County.

Metalworx to Relocate Headquarters and Manufacturing Facility to Grayson County

June 24, 2020

RICHMOND—Governor Ralph Northam today announced that Metalworx, Inc., a manufacturer of highly-engineered and precision-manufactured components, assemblies, and products for a variety of industries, will invest $7.6 million to relocate its…

Drake Extrusion to Expand Henry County Operation

June 22, 2020

RICHMOND—Governor Ralph Northam today announced that Drake Extrusion, Inc., a subsidiary of Sweden-based Duroc AB and a manufacturer of colored filament yarn and staple fiber, will invest $6.9 million to expand its operation in Henry County.…

Maritime, Ship Repair, and Manufacturing Company to Create 332 New Jobs in City of Newport News

June 16, 2020

NEWPORT NEWS—Governor Ralph Northam today announced that S23 Holdings, LLC and its affiliates, which include East Coast Repair and Fabrication (ECR), an industry leader in the marine, industrial, and commercial sectors, will invest $64.4…

Virginia Economic Review

Each issue of Virginia Economic Review will provide an insider look at Virginia’s economy, its diverse array of world-class companies, its amazing talent, and its stunning natural beauty, as well as insights from national thought leaders.

Virginia Economic Review Q1 2020 Cover

First Quarter 2020

This issue explores Virginia’s position in the food and beverage processing industry and why so many prominent manufacturers choose to operate in the Commonwealth.

Virginia Economic Review 4th Quarter Big Data

Fourth Quarter 2019

This issue explores how the explosion of data is remaking business across industries and the role Virginia continues to play in that explosion.

Case Studies

1901 Group logo

1901 Group Expands Corporate Footprint with Third Virginia Location

The success of the company’s business model, ranging from urban Northern Virginia to the New River Valley and rural Southwest Virginia, demonstrates the assets, infrastructure, and talent that can be found across the Commonwealth’s diverse regions.

Morgan Olson

Morgan Olson, LLC Steps into Southern Virginia

Less than 10 years ago, Morgan Olson’s Michigan facility was manufacturing 100% of the company’s step van orders. As the preferred walk-in step van body company with plants at full capacity, Morgan Olson needed to grow to meet customers’ needs.

Media Contact

Suzanne Clark

804.545.5600

sclark [at] vedp.org