Recent News

AMPAC Fine Chemicals to Expand Petersburg Operation with $25 Million Investment, Adding 156 New Jobs

May 4, 2021

PETERSBURG—Governor Ralph Northam today announced that AMPAC Fine Chemicals (AFC), a leading manufacturer of Active Pharmaceutical Ingredients (APIs) in the United States, will invest $25 million to expand its existing operation on North…

Biotech Company Aditxt to Build State-of-the-Art Facility in Richmond and Create Over 300 New Jobs

May 3, 2021

RICHMOND—Governor Ralph Northam today announced that Aditxt (Aditx Therapeutics, Inc.) (Nasdaq: ADTX), a biotech innovation company focused on improving the health of the immune system, will establish its first high-capacity AditxtScore™…

Valve Manufacturer to Expand Operation in Norfolk, Creating 40 New Jobs

April 30, 2021

RICHMOND—Governor Ralph Northam today announced that Dante Valve Company, a family-owned, international manufacturer and distributor of valves and related products, will invest $1.9 million to expand its operation in the City of Norfolk.

Custom Technology Solutions Company to Add 162 New Jobs in Fairfax County

April 30, 2021

RICHMOND—Governor Ralph Northam today announced that Ridgeline International, Inc., a technology-based solutions provider for the federal government, commercial, and nonprofit sectors, will invest $1.75 million to expand its operation in…

Thermal Systems Manufacturer to Establish Operation in Rockbridge County, Creating 60 New Jobs

April 29, 2021

RICHMOND—Governor Ralph Northam today announced that Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, will invest $7 million to establish a manufacturing facility in…

Amazon to Build Robotics Fulfillment Center in Henrico County, Hiring Over 1,000 New Employees

April 21, 2021

RICHMOND—Governor Ralph Northam today announced that Amazon continues to invest in Virginia with the launch of a new, state-of-the-art robotics fulfillment center on 119 acres of ancillary land at Richmond Raceway in Henrico County.

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 cover Q1 2021

First Quarter 2021

This issue highlights why so many executives choose Virginia for their corporate headquarters.

Virginia Economic Review cover Q4 2020

Fourth Quarter 2020

This issue highlights Virginia’s outstanding quality of life, including its natural beauty, four-season climate, and cultural and family amenities.

Case Studies

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The Prime Location for Amazon HQ2

After a 14-month competitive site selection process during which Amazon received 238 proposals from communities across North America, the tech giant announced plans in 2018 to invest approximately $2.5 billion to establish a major new headquarters (HQ2) in Virginia, creating more than 25,000 high-paying jobs. Virginia successfully secured the historic project through unprecedented state, regional, and local partnerships. The foundation of the cooperative pitch for Amazon HQ2 was centered on Virginia’s thriving tech sector and talent—including a commitment to a pipeline for the future.

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Microsoft Corporation’s Expanding Virginia Footprint

Nearly 20 years after the company’s first investment in the Commonwealth and with thriving operations in both Northern and Southern Virginia, Microsoft continues to evolve its technology to meet customer needs. As a publicly held corporation with revenues surpassing $125 billion and nearly 156,000 employees worldwide, Microsoft is actively answering the call for increased cloud services, requiring a new operation with strategic access to its customer base and a reliable pool of tech talent.

Media Contact

Suzanne Clark

804.545.5600

sclark [at] vedp.org