Recent News

Poultry Processor to Establish First East Coast Operation in Winchester

December 2, 2021

RICHMOND—Governor Ralph Northam today announced that TFC Poultry LLC, a quality poultry producer, will invest $31.5 million to establish its second U.S. production facility in Winchester.

VFP Inc. to Expand in Scott County, Creating 30 New Jobs

November 22, 2021

RICHMOND—Governor Ralph Northam today announced that VFP Inc., a producer of custom-designed enclosures used to protect critical infrastructure for telecommunications, public-safety radio, data centers, and utility projects, will invest $7.2…

Leading Nuclear Manufacturer to Establish Innovation Center in Campbell County

November 19, 2021

RICHMOND—Governor Ralph Northam today announced that BWX Technologies, Inc., a leading supplier of nuclear components and fuel to the U.S.

Leading Snack Company to Expand Virginia Supply Chain Operations

November 18, 2021

RICHMOND—Governor Ralph Northam today announced Mondelēz International Inc., a global snacking leader with iconic global and local brands such as OREO, Ritz, and Chips Ahoy!

Frozen Produce Company to Create 67 New Jobs in Warren County

November 16, 2021

RICHMOND—Governor Ralph Northam today announced that Nature's Touch Frozen Foods, a supplier of frozen fruits and vegetables for Canada and the United States, will invest $40.3 million to expand in Warren County. 

Leading Foodservice Distributor to Invest $80.2 Million in Hanover County

November 11, 2021

RICHMOND—Governor Ralph Northam today announced that Performance Food Group Company, a leader in foodservice distribution, will invest $80.2 million to establish a regional sales and distribution center operation in Hanover 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 Q3 2021

Third Quarter 2021

This issue details the cybersecurity industry, including Virginia’s leading position in cybersecurity talent development and the industry in general.

Virginia Economic Review: Second Quarter 2021 Cover

Second Quarter 2021

This issue explores the economic value that international trade brings to companies and consumers and details Virginia’s plan to boost exports by 50% over the next 10–15 years.

Case Studies

MackTruck Logo

Mack Trucks Rolls into the Roanoke Valley

In January 2020, Mack Trucks announced a $13 million investment to establish its new medium-duty truck manufacturing operation in Roanoke County, just 45 miles from sister company Volvo Trucks, creating 250 jobs. As the first prototype-to-production automotive facility announced in Virginia, the new Mack MD Series truck is designed, engineered, and manufactured start to finish at the company’s Roanoke County location.

GSK Logo

GSK Expands Consumer Healthcare Research and Development in Virginia

Company leadership began an evaluation of all consumer healthcare R&D facilities with a vision to build leading research and development capabilities into the future. The global R&D headquarters in the City of Richmond quickly stood out as a contender for an expansion.

Media Contact

Suzanne Clark

804.545.5600

sclark [at] vedp.org