Industrial IoT solutions leader will invest in significant new job creation and office space expansion

Department of Defense emergency breathing systems supplier to invest $781,000 and upskill five employees.

RICHMOND, VA — Governor Glenn Youngkin today announced that 13 companies across the Commonwealth have graduated from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, and 13 companies have joined the two-year program. VALET, from which 425 companies have graduated, assists Virginia exporters that have firmly established domestic operations and are committed to international exporting as a growth strategy. 

UK-based wire alloy manufacturer will invest $6.6 million and create 30 new jobs

RICHMOND - Thirteen companies from across the Commonwealth graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) Program, touting impressive results from their newly acquired tools to successfully export products and services overseas. The graduating companies were recognized during a luncheon at the downtown Omni Hotel today.

RICHMOND - Governor Terry McAuliffe announced today that Solid Stone Fabrics, a textile manufacturer and distributor of stretch fabrics, will invest $1.5 million to expand its operation in Henry County. The expansion will accommodate new equipment and include building improvements to the existing facility. Virginia successfully competed against California, Florida and New Jersey for the project, which will create 22 new jobs.

RICHMOND - Governor Terry McAuliffe announced today that The Motley Fool, a multimedia financial-services company, will invest $5 million to upgrade its facility and expand recruitment efforts in the City of Alexandria. Virginia successfully competed against Washington, D.C., for the project, which will retain 282 jobs and create 60 new jobs.

RICHMOND - Governor Terry McAuliffe announced today that Dollar Tree, Inc., an American chain of discount variety stores, will invest $110 million for development of its corporate headquarters in the City of Chesapeake. Virginia successfully competed against North Carolina for the project, which will retain 825 jobs and create 600 new jobs over the next six years.