Recent News

Katoen Natie Norfolk to Invest $61 Million to Expand Freight Distribution Center

April 13, 2021

RICHMOND—Governor Ralph Northam today announced that Katoen Natie Norfolk Inc., a plastics and polymers warehousing and distribution company and subsidiary of Katoen Natie, will invest $61 million to expand its freight distribution center in…

STS Group AG to Establish First U.S. Location in Wythe County, Creating 120 New Jobs

April 8, 2021

RICHMOND—Governor Ralph Northam today announced that STS Group AG, a leading global system supplier of interior and exterior parts for commercial vehicles, will invest $39 million to establish its first U.S.

International Telecommunications Company to Expand, Create Up to 200 New Jobs in Prince William County

April 8, 2021

RICHMOND—Governor Ralph Northam today announced that SES, a Luxembourg-based telecommunications company, will invest $17 million to merge its satellite and network operations at a new facility in Prince William County.

Air Purification Company Oransi Selects Radford for First Manufacturing Facility, Creating 101 New Jobs

April 7, 2021

RICHMOND—Governor Ralph Northam today announced that Oransi, a veteran-owned air purification company, will invest $5.6 million to establish its first manufacturing facility in the Plymouth Building at 113 Corporate Drive in the City of…

Construction Equipment Company to Expand in Pittsylvania County, Creating 27 New Jobs

March 29, 2021

RICHMOND—Governor Ralph Northam today announced that J&J Truck Sales, Inc., a leading heavy duty truck sales and construction equipment sales and rental firm, will invest $5.2 million to expand its operation in Pittsylvania County.

Healthcare Artificial Intelligence Company to Establish Headquarters in Loudoun County

March 11, 2021

RICHMOND—Governor Ralph Northam today announced that Zasti, Inc., an artificial intelligence (AI) technology company that develops innovative risk screening, predictive analytics, and climate change solutions for the healthcare industry, will…

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