RICHMOND - The Virginia Economic Development Partnership (VEDP) Board of Directors selected its new chair, C. Daniel Clemente of McLean, and vice chair, Vince Mastracco of Norfolk. Clemente and Mastracco were elected at VEDP’s board meeting on June 9, 2016. As a state authority, the Partnership is governed by a 24-member Board of Directors comprised of businesspersons from around the Commonwealth, each of whom is appointed by the Governor and the General Assembly.
FARNBOROUGH - Governor Terry McAuliffe announced today that Overfinch, the world’s leading creator of bespoke Range Rover vehicles, will invest $1.82 million to establish a manufacturing operation in the City of Danville. The company plans to upfit Jaguar Land Rover vehicles, which will be sold to customers across the U.S. The investment includes an assembly and conversion workshop, vehicle servicing, diagnostics, and parts warehouse. Virginia successfully competed against California for the project, which will create 41 new jobs.
Governor Glenn Youngkin announced that Luna Labs USA, LLC, a product development company accelerating breakthrough solutions to multiple industries, will invest $200,000 to expand its operations in the City of Charlottesville
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Munters Corporation will invest $29.95 million to build a 200,000-square-foot expansion to its HVAC manufacturing facility in Botetourt County, creating 270 new jobs.
McClung Companies, a marketing, printing, and digital services business, will invest $4.6 million to upgrade printing equipment and management systems in the City of Waynesboro.
RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of a Page County company, Tactical Walls, LLC, 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 growing their export sales.