Recent News

Furniture and Décor Company to Establish First U.S. Operation in Newport News, Creating 26 New Jobs

January 14, 2022

RICHMOND—Governor Ralph Northam today announced that Mercana Furniture and Décor, a Canadian manufacturer and wholesaler of home goods across North America, will invest $8.5 million to establish its first U.S.

Governor Northam Announces $7 Million to Develop Industrial Sites Across Commonwealth

January 13, 2022

RICHMOND—Governor Ralph Northam today announced a total of $7.0 million in Virginia Business Ready Sites Program development grants for 11 projects across the Commonwealth.

Fifteen Virginia Companies Expand into Global Markets with Commonwealth’s Trade Accelerator Program

January 13, 2022

RICHMOND—Governor Ralph Northam today announced that fifteen companies across the Commonwealth have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade program.

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

January 13, 2022

RICHMOND—The Virginia Economic Development Partnership (VEDP) today announced the acceptance of 16 companies into its two-year Virginia Leaders in Export Trade (VALET) program.

IT Consulting Firm to Create 125 New Jobs in Richmond

January 12, 2022

RICHMOND—Governor Ralph Northam today announced that Intact Technology, a software consulting and managed services firm, will invest $1.5 million to establish a second Virginia location in the City of Richmond.

Joint Venture to Invest $267 Million in Paperboard Recycling and Production in Chesapeake, Creating 210 New Jobs

January 12, 2022

RICHMOND—Governor Ralph Northam today announced that Kamine Development Corporation and Nicollet Industries, LLC, green infrastructure and sustainable development leaders, will invest $267 million to establish a joint venture paperboard…

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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Fourth Quarter 2021

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

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.

Case Studies

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Virginia and Sabra Partner on World’s Largest Hummus Facility

In 2018, Sabra broke ground on its third expansion, adding 40,000 square feet to the Chesterfield County plant for new cold storage space and more than doubling its finished goods storage capacity. The expansion also provided space for future packaging customization capabilities. The ever-growing Chesterfield County plant that produces Sabra hummus for all of America is a strong testament to Virginia’s unique combination of advantages and resources for the booming food and beverage processing industry.

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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.

Media Contact

Suzanne Clark

804.545.5600

sclark [at] vedp.org