RICHMOND - Governor Bob McDonnell today announced that Tak Investments, Inc. will invest $60 million to establish a recycled tissue plant in Isle of Wight County. The company subsidiary, ST Tissue, will recycle waste paper into tissue for napkins and towels using part of International Paper’s Franklin mill. The project will create 85 new jobs. Virginia successfully competed against Wisconsin for the project.

RICHMOND - Eleven 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.

RICHMOND - Governor Bob McDonnell today announced that Navy Federal Credit Union will make a multi-million dollar investment to expand its member service operation in Frederick County. The credit union will construct an additional facility on its Winchester, Virginia campus, adding 400 new jobs. Virginia successfully competed against Florida for the project.

RICHMOND - Governor Bob McDonnell today announced that McKee Foods Corporation will invest $19 million to expand production at its manufacturing facility in Stuarts Draft in Augusta County. The company will create 78 new jobs. Virginia successfully competed against Arkansas for the project.

RICHMOND - Governor Bob McDonnell announced today that iGATE, the first integrated technology and operations company providing Business Outcomes-based solutions, will invest $1.0156 million to establish a new facility in Loudoun County. The company will perform a wide range of technology consulting services for government agencies and businesses, and will offer design-build-operate-maintain services for Federal Government projects. The project will create 250 new jobs over the next two to three years.

RICHMOND - Governor Bob McDonnell today announced that Commonwealth Laminating & Coating, Inc. (CLC), a manufacturing company with a strong emphasis on solar-control window films and precision, high-performance coatings, will invest $5.45 million to expand its operation in Henry County. The company will create 60 new jobs. Virginia successfully competed against Arizona and North Carolina for the project. 

RICHMOND - Governor Bob McDonnell today announced that The Vitamin Shoppe, Inc. (NYSE: VSI), a leading specialty retailer and direct marketer of nutritional products, will establish a distribution operation in the Town of Ashland in Hanover County. The company will create 174 new jobs. The total project, including jobs, capital and indirect investments will be a commitment of $39.4 million. The Vitamin Shoppe will lease the building from Johnson Development, who will undertake the construction. Virginia successfully competed against North Carolina for the project.

RICHMOND - Governor Bob McDonnell today announced that Aeroprobe Corporation, a manufacturer of high-accuracy instrumentation and software to capture air or other fluid flow data for applications in the turbomachinery, unmanned air vehicle, automotive, and wind turbine markets, will invest $2.2 million initially and $3 million over five years to move its headquarters from Blacksburg and locate a manufacturing operation in the Town of Christiansburg in Montgomery County.

RICHMOND - Governor Bob McDonnell announced today that Heyo, formerly known as Lujure Media Inc., a fast-growing social media company, will invest $100,000 to expand its operation in the Town of Blacksburg in Montgomery County. The company helps businesses drag and drop together Facebook fan pages, mobile apps, and websites. The expansion is anticipated to create 50 new jobs over the next two years.

RICHMOND - Governor Bob McDonnell today announced that Carded Graphics LLC, a manufacturer of quality folding cartons and packaging for some of the world's largest food, pharmaceutical and beverage manufacturers, will invest approximately $7.05 million to expand its operation in the City of Staunton. The company will create 34 new jobs. Virginia successfully competed against North Carolina for the project.