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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

11.13.2019

TST Fabrications Announces 34 New Jobs in the City of Norfolk

Company to invest $4.1 million to expand manufacturing presence RICHMOND—Governor Ralph Northam today announced that TST Fabrications, LLC, a wholly owned subsidiary of TST Construction, will invest $4.1 million to expand its manufacturing presence in the City of Norfolk by acquiring the production assets of a sheet metal fabrication business.
10.25.2019

Morgan Olson Announces 703 New Jobs in Danville-Pittsylvania County

Company to invest $57.8 million to establish new walk-in step van assembly operation in former IKEA plant DANVILLE—Governor Ralph Northam announced today that Morgan Olson, LLC, North America’s leading manufacturer of all-aluminum walk-in step vans, will invest $57.8 million to establish a new walk-in step van assembly operation in a 925,000-square-foot plant in Danville-Pittsylvania County currently owned by IKEA.
10.24.2019

DroneUp Announces 41 New Jobs in Virginia Beach

Company to expand its headquarters operation RICHMOND—Governor Ralph Northam today announced that DroneUp, a web and mobile platform for on-demand drone pilot services, will invest $130,000 to expand its headquarters operation in Virginia Beach.
10.15.2019

SRP Companies Announces $1.16 Million Investment in Virginia Beach

Company to relocate warehouse operations RICHMOND—Governor Ralph Northam today announced that SRP Companies, a leading supplier to more than 60,000 retailers nationwide, will invest $1.16 million to relocate a substantial portion of its warehouse operations from Philadelphia, Utah, and Oklahoma to the City of Virginia Beach.
10.08.2019

Aeronyde Corporation Announces 25 New Jobs in the City of Covington

Company to invest $350,000 to establish new Fleet Operating Center RICHMOND—Governor Ralph Northam today announced that Aeronyde Corporation, an industry leader in integrating artificial intelligence (AI) and augmented reality (AR) into a safe and secure full-service commercial drone system, will invest $350,000 to establish a new drone operations command and control center in the City of Covington.
09.25.2019

Teal-Jones Group Announces Major Sawmill Expansions In Henry And Westmoreland Counties

Company to invest $31.75 million and create 126 new jobs to nearly triple lumber production RICHMOND - At events in Martinsville and Kinsale, Governor Ralph Northam today announced that British Columbia-based Teal-Jones Group is investing a total of $31.75 million to expand sawmill and dry kiln operations at two recently acquired lumber mills in Virginia.
09.23.2019

Block.one Announces 170 New Jobs in Arlington County

Company to invest $10 million, establish U.S. headquarters RICHMOND—Governor Ralph Northam today announced that Block.one, a leader in providing high-performance blockchain software, will invest $10 million and establish its U.S. headquarters in Arlington County.
09.19.2019

PPD Announces 200 New Jobs in Henrico County

Company to invest $63.7 million to expand bioanalytical lab RICHMOND—Governor Ralph Northam today announced that Pharmaceutical Product Development, LLC (PPD), a leading global contract research organization (CRO), will invest $63.7 million to expand its bioanalytical lab in Henrico County.
09.18.2019

High Purity Systems, Inc. Announces 105 New Jobs in the City of Manassas

Company to invest approximately $8.5 million to expand manufacturing operations RICHMOND—Governor Ralph Northam today announced that High Purity Systems, Inc., a leading provider of mechanical piping systems for a broad range of industries, will invest approximately $8.5 million to grow its manufacturing operation in the City of Manassas.