FreezPak Logistics, LLC, a leading provider of full-service cold and dry storage services, is investing $77.5 million to construct a 245,000-square-foot cold storage facility in the City of Suffolk, creating 80 new jobs.
Ambassador Mark Brzezinski has served as the U.S. ambassador to Poland since 2021. VEDP President and CEO Jason El Koubi spoke with Ambassador Brzezinski about foreign direct investment, European perceptions of the business climate in the United States and Virginia, and more.
VEDP President and CEO Jason El Koubi spoke with Ambassador Yui, who took over as the Taiwanese representative to the United States at the Taipei Economic and Cultural Representative Office in the United States (TECRO) in December 2023, about the trade relationship between Virginia and Taiwan.
RICHMOND - Governor Terry McAuliffe announced today that Merck, known as MSD outside of the United States and Canada, a global health care leader, will invest $168 million to expand its manufacturing operation near the Town of Elkton in Rockingham County. Over a period of time, Merck will upgrade plant infrastructure, add manufacturing-related facilities and equipment, and undertake a personnel training initiative to support the bioprocessing environment.
In 2020, Volkswagen faced a choice. With the end of the lease on its Herndon office space looming, would it move to Atlanta, where its Porsche subsidiary is located, or another city?
Pulaski County grows local economy by embracing foreign direct investment.
The LEGO Group Builds a Sustainable Future in Virginia
Jasjit Singh is the executive director of SelectUSA, and spoke with Jason El Koubi about trends in foreign direct investment and SelectUSA’s work to drive FDI activity.
Global companies cite Washington Dulles International Airport and the Port of Virginia as key factors in success.
RICHMOND - The Virginia Economic Development Partnership (VEDP) announced today that QubicaAMF Worldwide, the leading marketer and manufacturer of bowling and mini bowling products, has selected new partners in Chile and Peru to develop its bowling entertainment business in each market. QubicaAMF is a participant in VEDP’s marquee export promotion program, the Virginia Leaders in Export Trade (VALET) program, designed to accelerate the success of Virginia companies in international markets.