Site Remediation Grants from the Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund (VBAF) will be awarded to four localities.
Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, will invest $37 million to expand its operation in Halifax County.
Lowe's Companies, Inc., one of the largest home improvement retailers in the world, will establish a coastal holding facility in the City of Suffolk, which will create 100 new jobs.
Virginia is home to the top tech talent pipeline in the United States, a dynamic semiconductor research and development enterprise, and a network of premier universities producing a steady flow of graduates in areas of high relevance to microelectronics and nanotechnology subsectors. This combination creates a well-rounded ecosystem that positions the Commonwealth of Virginia at the intersection of innovation and manufacturing for the semiconductor industry.
RICHMOND - Governor Terry McAuliffe announced today Arkay Packaging Corporation, one of the world’s premiere folding carton manufacturing companies, will invest $11 million to upgrade equipment and expand its operation in Botetourt County. The project will create 50 new jobs.
The annual report highlights some of VEDP’s notable accomplishments in FY22, all of which were made possible in large part by the great work and support of our local, regional, and state partners. Audited financial statements will be made available on this page once published.