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
Filter by:
08.08.2024
America’s Top State for Business Announces $126 Million in Virginia Business Ready Sites Program Grants
Governor Glenn Youngkin awarded a total of $126 million in Virginia Business Ready Sites Program (VBRSP) development grants for 23 sites across the Commonwealth.
07.18.2024
Virginia Companies Expand into Global Markets through Commonwealth’s Trade Accelerator Program
11 companies across the Commonwealth have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program and 14 companies have joined the two-year program.
07.11.2024
Governor Glenn Youngkin Announces CNBC Names Virginia “America’s Top State for Business”
The annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness to determine which states are delivering most effectively on the things that mean the most to business.
07.10.2024
Electronic Connector Manufacturer Virginia Panel Corporation to Expand in Virginia
Virginia Panel Corporation is investing $11 million to relocate and expand its current machine shop and implement an enterprise manufacturing system and implement an enterprise manufacturing system in the City of Waynesboro.
07.09.2024
Submarine Cable Manufacturer to Locate in Virginia
LS GreenLink to invest over $680 million to locate HVDC submarine cable manufacturing facility in the City of Chesapeake, creating over 330 new jobs.
07.08.2024
Specialty Mining Equipment Manufacturer to Expand in Virginia
Simmons Equipment Company, a specialty mining equipment manufacturer, will invest $8.5 million to expand manufacturing operations into Russell County, creating 75 new jobs.
06.25.2024
International Mining Equipment Manufacturer Liebherr Mining Equipment to Expand in Virginia
Liebherr Mining Equipment, an international leader in the production of industrial mining equipment, will invest $72.3 million in a plant expansion in the City of Newport News and the City of Hampton.
06.24.2024
Virginia Ranked No. 1 in Nation for Customized Workforce Training
Virginia is ranked No. 1 in the United States for Customized Workforce Training in the 20th annual Business Facilities Rankings Report for the second year in a row.
06.18.2024
Evaporative Technologies Company Condair to Expand in Virginia
Condair Group AG, an international evaporative technologies manufacturing company, will invest $57.2 million to establish a new production facility in Chesterfield County, creating 180 new jobs.
06.11.2024
National Utility Trailer Manufacturer Carry-On Trailer to Expand in Virginia
Carry-On Trailer, a leading manufacturer of steel and utility trailers, will invest $9.2 million to increase capacity at its facility in Westmoreland County, creating 60 new jobs.
06.04.2024
Veteran-Owned Engineering and Manufacturing Firm JKOZ Engineering Serving the Aerospace and Defense Industry to Invest in Virginia
JKOZ Engineering, a service-disabled veteran-owned business offering full-service engineering, technology, and product development services, will invest $3.7 million to relocate and expand its operation in Nottoway County.
05.28.2024
Specialty Gifts Manufacturer Boxer Gifts to Invest in Virginia
Boxer Gifts LLC, a specialty gifts manufacturing company, will invest $1.4 million to establish a new operation in the City of Harrisonburg, creating 15 jobs.
05.21.2024
Hardwood Veneer Manufacturer West Point Veneer to Reopen Mill in Virginia
West Point Veneer LLC plans to invest $2.5 million to reactivate its former manufacturing facility in the Town of West Point, creating 92 new jobs.
05.15.2024
Virginia’s International Trade Team Recognized with Nation’s Top Export Award for Second Time
The “E Star” Award, the nation’s top export honor, is presented to companies and organizations that have made significant contributions over the past four years to expand U.S. business in international markets.
05.01.2024
Packaging Machinery Manufacturer ESS Technologies to Expand in Montgomery County
ESS Technologies, Inc., a subsidiary of the Pacteon Group that specializes in complete packaging line design and equipment manufacturing, will invest $1.6 million to increase capacity and expand in Montgomery County, creatin
05.01.2024
Global Clean Energy Manufacturer Topsoe to Invest $400 Million in Virginia
Topsoe, a Danish manufacturer and global leader in carbon emission reduction technologies, plans to invest more than $400 million to build a factory in Chesterfield County, creating 150 new jobs.
04.22.2024
Veteran-Owned Data Sciences Company JDSAT to Expand Operation in Virginia
JDSAT, Inc., a veteran-owned application development and data sciences firm, is investing $630,000 to expand its operations in Fairfax County, creating 60 new jobs.
04.18.2024
L3Harris to Expand in Virginia
L3Harris Technologies will invest over $40 million to expand its operations in Orange County, creating 80 new jobs over three years.