Richmond - Governor Jim Gilmore Wednesday night announced in his State of the Commonwealth Address that annual capital investment by new and existing Virginia companies exceeded $6 billion for the first time in 2000. According to the Virginia Economic Development Partnership, the previous record of $5.8 billion, set in 1995, was surpassed with last month's expansion announcement by Infineon Technologies Richmond. The final annual total will be released in early 2001 after Virginia's localities submit their economic development data to the Partnership.
Haleon, Richmond
Ferguson Looks for Room to Grow
RICHMOND - Governor Jim Gilmore today announced the award of a $3.2 million research grant that will allow the Institute for Computational Genomics, Inc. (INCOGEN), the College of William and Mary and the Virginia Bioinformatics Institute at Virginia Tech (VBI) to create a cooperative bioinformatics program. INCOGEN will invest $2.4 million to relocate from South Carolina to the Busch Corporate Center in James City County.
Rendering of The LEGO Group's Chesterfield County manufacturing facility
Piecing Together a Sustainable Future
Carry-On Trailer, Westmoreland County
Sabra, Chesterfield County
RICHMOND - In just two years, eight companies that participated in the Virginia Economic Development Partnership’s (VEDP) two-year Virginia Leaders in Export Trade (VALET) program increased annual international sales by 30 percent. 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. The graduating class began the program with a combined $22,450,921 in annual international sales.
Danone North America, Rockingham County
Massimo Zanetti, Suffolk