Governor Glenn Youngkin today announced that 11 companies across the Commonwealth have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program.
Fortreum, LLC, a Virginia-founded cloud computing and cybersecurity advisory company, will invest $125,000 to establish its headquarters in Loudoun County.
Virginia offers sales and use tax exemptions for use by a farmer for purchase of tangible personal property for use in producing agricultural products for market, medicine and drugs sold to a veterinarian, or property used to produce agricultural products for market in an indoor, closed, controlled environment commercial agricultural facility.
Wabtec, a leading manufacturer for the heavy rail and rail transit industries worldwide, to invest $2.7 million to increase capacity in the City of Salem, creating 38 new jobs.
Laser Thermal, a Virginia-founded nanotechnology company, to invest $2.9 million to increase R&D capacity in the City of Charlottesville, creating 28 new jobs.
Hilton Headquarters, Fairfax County
Berkley Insurance Company to invest $6.1 million, to expand its current location in Henrico Country, creating 72 new jobs.
RICHMOND - Governor Terry McAuliffe announced today that AccuTec Blades, Inc., the world’s leading manufacturer of high-quality specialty, medical and professional blades and tools, will invest $5.37 million to expand its manufacturing operation in Augusta County. Virginia successfully competed against several other states for the project, which will retain 138 jobs and create 53 new jobs.
Virginia Diodes, a Virginia-founded test and measurement equipment manufacturer, to invest $2.5 million to expand capacity, creating 24 new jobs.