RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of a Montgomery County company, Qualtrax, Inc., into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy. Participating firms are chosen based on their dedication to growth through export.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of a Lynchburg company, AMTI Microwave Circuits, into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy. Participating firms are chosen based on their dedication to growth through export.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of two Henrico County companies, ChemTreat, Inc. and H&A Architects & Engineers, into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy. Participating firms are chosen based on their dedication to growth through export.

RICHMOND - Governor Terry McAuliffe announced today that Core Health & Fitness LLC, a leader in developing and marketing advanced strength and cardio equipment for the fitness industry, will invest $2 million to expand the former Med-Fit operation in Grayson County. The facility has manufactured Nautilus commercial products for more than 34 years. Virginia successfully competed against California and China for the project, which will create 250 new jobs.

RICHMOND - Governor Terry McAuliffe announced today that the Virginia Economic Development Partnership (VEDP) has received grant funding for a second year of its Going Global Defense Initiative (GGDI). The purpose of this international program is to mitigate the negative impact of defense spending cuts on Virginia’s economy. With 5,000 defense companies in Virginia facing U.S. Department of Defense (DOD) announced spending reductions of more than $300 billion in the next five-plus years, Virginia stands to lose many high-paying jobs.

The Major Eligible Employer Grant Program (MEE) is a discretionary program used to encourage major basic employers to invest in Virginia and to provide a significant number of stable employment opportunities by either making a significant expansion to existing operations or constructing new ones. There must be an active and realistic competition between Virginia and another state or country for attracting the project. ­­

RICHMOND - Governor Terry McAuliffe announced today that Mayville Engineering Company, Inc. (MEC) will invest $10 million to expand its Virginia operations at a new manufacturing facility in the former Merillat plant in Atkins in Smyth County. The company operates a successful manufacturing facility with 83 employees in nearby Wytheville. The Smyth County project will create 160 new jobs.

INDEPENDENCE - Governor Terry McAuliffe today announced in Grayson County that Independence Lumber (http://www.indlbr.com) is rebuilding and expanding production at its sawmill operation that was destroyed by fire in November of 2012. The company will invest more than $5 million, retain 57 current jobs, create 25 new jobs at the site, and purchase 90 percent of its timber needs from Virginia forests.

RICHMOND - Hansen Turbine, a manufacturer of coating spray applications for the aircraft and turbine parts coating industry, will invest $2.5 million to expand operations in Grayson County. Sister company Falcon Turbine will relocate from North Carolina to the facility, providing specialized aluminized coatings. The project will create 25 new jobs.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the economic results for Fiscal Year (FY) 2014, which ended June 30. In 1995, the Virginia General Assembly created the VEDP to better serve those seeking a prime business location and increased trade opportunities, and, therefore, to foster increased expansion of the Commonwealth's economy.

VEDP-assisted projects generate a steady revenue source for the Commonwealth, increasing its ability to fund the important needs for Virginia’s citizens.