Recent News

Huntington Ingalls Industries to Establish Unmanned Systems Facility in Hampton

September 22, 2020

HAMPTON—Governor Ralph Northam today announced that Huntington Ingalls Industries (NYSE: HII) will create more than 250 new jobs by establishing an Unmanned Systems Center of Excellence in Hampton.

Twelve Companies Selected to Participate in Virginia Leaders in Export Trade Program

September 9, 2020

RICHMOND—The Virginia Economic Development Partnership (VEDP) today announced the acceptance of 12 companies into its two-year Virginia Leaders in Export Trade (VALET) program.

Israeli Renewable Energy Company to Establish U.S. Headquarters in Arlington

August 27, 2020

RICHMOND—Governor Ralph Northam today announced that Energix Renewable Energies Ltd., one of Israel’s largest renewable energy companies, will invest $1.1 million to establish its U.S. subsidiary headquarters in Arlington County.

VEDP International Trade Conducts Virtual Market Visits to Help Virginia Exporters Build Business Overseas

August 27, 2020

RICHMOND—The Virginia Economic Development Partnership (VEDP) today announced that its Division of International Trade is adapting its Trade Missions program to a virtual platform in response to the impacts of the pandemic, travel restrictions…

Torc Robotics to Expand in Montgomery County, Creating 350 New Jobs

August 26, 2020

RICHMOND—Governor Ralph Northam today announced that Torc Robotics, a Blacksburg-based leader in self-driving vehicle systems, will invest $8.5 million to expand its software development operations in Montgomery County.

T-Mobile Customer Experience Center to Create Up to 500 New Jobs in Henrico

August 14, 2020

RICHMOND—Governor Ralph Northam today announced that T-Mobile US, Inc.

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 Q2 2020

Second Quarter 2020

This special feature issue highlights permanent changes that may occur across various sectors of American life as a result of the COVID-19 pandemic.

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.

Case Studies

Hershey Logo

The Hershey Company Produces Sweet Success in Virginia

Hershey currently employs more than 1,000 people in the Commonwealth, with the majority located at its Stuarts Draft manufacturing facility. The plant plays a critical role in the company’s growth and the production and delivery of its products to global consumers, so when Hershey began its site selection process, of course Virginia was in the running.

Stihl Logo

Strong as STIHL in Virginia Since 1974

The Stihl family decided to open a manufacturing facility in Virginia Beach in 1974. For over 45 years, STIHL has been an invaluable corporate partner in the Commonwealth.

Media Contact

Suzanne Clark

804.545.5600

sclark [at] vedp.org