NEWS RELEASES
Breaking ground, making headlines
Stay up to date on the latest announcements, milestones, and economic development news from across Virginia. Explore press releases highlighting the partnerships, investments, and stories driving growth throughout the Commonwealth
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06.27.2022
Massimo Zanetti Beverage USA to Expand in Virginia, Creating 79 New Jobs
Massimo Zanetti Beverage USA, one of the largest vertically integrated coffee companies in North America, will invest $29.1 million to consolidate and expand operations at its roasting facility in the City of Suffolk.
06.23.2022
Hanley Energy to Expand in Virginia, Creating 343 New Jobs
Hanley Energy, Irish-owned global innovators in Critical Power and Energy Management solutions, will invest $8 million to expand its Hanley Energy Electrical division in Loudoun County.
06.15.2022
The LEGO Group to Establish U.S. Manufacturing Plant in Virginia, Creating Over 1,760 New Jobs
The LEGO Group will invest over $1 billion to construct its U.S. manufacturing plant in Chesterfield County. The company will construct a new 1.7 million-square-foot precision manufacturing facility, creating over 1,760 new jobs.
06.09.2022
Derivatives Exchange Company to Expand Headquarters in Fairfax County
Nodal Exchange, a Fairfax-based derivatives exchange providing price, credit, and liquidity risk management solutions to participants in the North American commodities markets, will expand in Fairfax County.
06.08.2022
High Liner Foods Continues to Invest in City of Newport News Operation
High Liner Foods Incorporated (High Liner Foods), a leading North American value-added frozen seafood company, will continue to invest in modernizing its facility in Newport News with new equipment and product lines.
06.01.2022
Scholle IPN to Expand in Smyth County, Creating 75 New Jobs
Scholle IPN, a leading global supplier of total flexible packaging solutions, will invest $31.1 million to expand its operation in Smyth County. The company will expand the facility to accommodate new manufacturing lines.
06.01.2022
Paper Honeycomb Manufacturer to Expand in Pittsylvania County, Creating 21 New Jobs
Axxor, a global leader in paper honeycomb development and production, will invest $3.5 million to expand its manufacturing capacity in Ringgold East Industrial Park in Pittsylvania County.
05.26.2022
Automation Solutions Manufacturer to Expand in the City of Newport News, Creating 34 New Jobs
Mühlbauer Inc., the U.S. subsidiary of Germany-based Mühlbauer Group and the world’s top producer of automated machinery designed to implement intelligent solutions, will expand its operation in the City of Newport News.
05.24.2022
Historic Peanut Processor Expands in the City of Suffolk
Birdsong Peanuts, a cornerstone company of Virginia’s peanut industry for more than 100 years, will invest $25.1 million into its peanut shelling facility in the City of Suffolk.
05.17.2022
Life Sciences Company to Expand in Prince William County, Creating up to 70 New Jobs
Virongy Biosciences Inc., a developer of viral diagnostic technologies, anti-viral drugs, and therapeutic viral vectors, will expand in Prince William County.
04.13.2022
Kingspan Insulation to create 37 new jobs in Frederick County
Kingspan Insulation LLC, a division of the Kingspan Group, the global leader in advanced insulation and innovative building solutions, will invest $27 million to expand its operation in Frederick County.
04.11.2022
Bode Technology to Expand in Fairfax County, Creating More Than 70 New Jobs
Bode Technology, a Fairfax-based leading provider of forensic services, will expand its DNA testing services lab in Fairfax County to support increased customer demand.
04.05.2022
Sports Medicine Company to Expand in the City of Norfolk, Creating 92 New Jobs
Embody, Inc., a Norfolk-based medical device company developing novel collagen-based technologies for soft tissue repair, will expand its HQ at Innovation Research Park at Old Dominion University in the City of Norfolk.
03.30.2022
Certified Origins to Invest $25 million to Establish First U.S. Olive Oil Production Facility in City of Newport News
Certified Origins, an Italy-based company focused on providing fresh and authentic extra virgin olive oil, will invest $25 million to establish its first U.S. production facility in Newport News to meet increased demand.
03.25.2022
Hamilton Insurance Group, Ltd. to create 70+ New Jobs in Henrico County
Hamilton Insurance Group, Ltd., a provider of specialty insurance and reinsurance services, will establish the U.S. headquarters of its wholly owned subsidiary Hamilton Select Insurance Inc. in Henrico County.
03.24.2022
Perdue AgriBusiness to Invest $59.1 Million to Expand in the City of Chesapeake
Perdue AgriBusiness, a leading U.S. agriculture products and services company, will invest $59.1 million to expand its operation in the City of Chesapeake. The company will modernize facilities and increase production.
03.18.2022
Jason El Koubi Named VEDP President and CEO
The Board of Directors of the Virginia Economic Development Partnership (VEDP) today announced that it has unanimously selected Jason El Koubi as VEDP President and CEO following a three-month nationwide search.
03.15.2022
Supply Chain Solutions Company to Open Three Service Centers in Virginia, Creating 75 Jobs
A. Duie Pyle (Pyle), a premier provider of asset and non-asset-based supply chain solutions, will establish three cross-dock service centers in the Cities of Manassas, Richmond and Roanoke.