Recent News

Life Sciences Company to Expand in Prince William County, Creating up to 70 New Jobs

May 17, 2022

RICHMOND, VA – Governor Glenn Youngkin today announced that Virongy Biosciences Inc., a developer of viral diagnostic technologies, anti-viral drugs, and therapeutic viral vectors, will invest $471,000 to expand in Prince William County.

Kingspan Insulation to create 37 new jobs in Frederick County

April 13, 2022

RICHMOND, VA - Governor Glenn Youngkin today announced that Kingspan Insulation LLC, a division of the Kingspan Group, the global leader in advanced insulation and innovative building solutions, will invest $27 million to expand its operation…

Bode Technology to Expand in Fairfax County, Creating More Than 70 New Jobs

April 11, 2022

RICHMOND, VA - Governor Glenn Youngkin today announced that Bode Technology, a Fairfax-based leading provider of forensic services, will invest $2 million to expand its DNA testing services lab in Fairfax County to support increased customer…

Sports Medicine Company to Expand in the City of Norfolk, Creating 92 New Jobs

April 5, 2022

RICHMOND, VA – Governor Glenn Youngkin today announced that Embody, Inc., a Norfolk-based medical device company developing novel collagen-based technologies for soft tissue repair, will invest $5 million to expand its headquarters at…

Certified Origins to Invest $25 million to Establish First U.S. Olive Oil Production Facility in City of Newport News

March 30, 2022

RICHMOND, VA – Governor Glenn Youngkin today announced that Certified Origins, an Italy-based company focused on providing fresh and authentic extra virgin olive oil, will invest $25 million to establish its first U.S.

Hamilton Insurance Group, Ltd. to create 70+ New Jobs in Henrico County

March 25, 2022

RICHMOND, VA – Governor Glenn Youngkin today announced that Hamilton Insurance Group, Ltd. (“Hamilton”), a Bermuda-headquartered provider of specialty insurance and reinsurance services, will invest at least $415,000 to establish the U.S.

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.

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First Quarter 2022

This issue of Virginia Economic Review explores the life sciences industry in Virginia.

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Fourth Quarter 2021

This issue explores eight innovation-driven industries with transformative potential in the United States.

Case Studies

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CMA CGM Group Recommits to Virginia

Following a competitive site selection search process and incentive negotiations, CMA CGM chose to retain its North American headquarters in Norfolk and expand in Virginia, announcing in February 2021 a $36 million investment and more than 400 new jobs, primarily in customer care and financial services. The company’s plans also included establishing the American hub of ZEBOX, a startup incubator and accelerator in Arlington County that assists innovative startups in developing new technologies for transportation, logistics, mobility, and industry 4.0.

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Perrone Robotics Powers Innovation in Virginia

Perrone benefits from its location in a state that embraces emerging technologies. Virginia’s R&D assets, top-ranked education system, varied geography for testing, and proximity to Washington, D.C. and major defense contractors set the foundation for success for companies in the unmanned systems industry. The Commonwealth’s history in this sector dates back to 1924, when Lt. John Ballentine and electrical engineer Carlo Mirick completed the world’s first unmanned radio-controlled flight at the U.S. Navy facility that would become the United States Naval Surface Warfare Center Dahlgren Division.

Media Contact

Suzanne Clark

804.545.5600

sclark [at] vedp.org