Governor Ralph Northam announced that eight companies across the Commonwealth have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program.
New program addresses strategic growth challenges for high-potential companies across the Commonwealth
SVT Robotics, a Norfolk-based software company that accelerates the deployment of industrial robotics, will expand its operation in the City of Norfolk.
Evolve Services, Inc., a producer of composite productions and reproductions, will expand its operation in Frederick County.
Mack Trucks, Roanoke
The Patton Logistics Group will invest $11 million to expand its trucking, logistics, and warehousing operation in Pulaski County.
With a location at the center of the East Coast, one of the highest concentrations of skilled maritime talent on the East Coast, world-class port infrastructure, and a competitive cost of doing business, Virginia is positioned to be a leader in the U.S. offshore wind supply chain.
Astraea to invest $1 million to expand startup IT operation
Forestry has long been a vital part of Virginia’s economy. Since timber was first shipped to England 400 years ago, the industry has grown to contribute more than $21 billion per year in industrial output. Companies continue to choose Virginia for its thriving industry ecosystem, outstanding logistical advantages, access to quality talent, and top-ranked business climate.