RICHMOND - Governor Terry McAuliffe announced today that Green Applications LLC, a Division of Green Distribution, one of the largest printers and distributors of textile merchandise and heat applied graphics on the East Coast, will invest $9.75 million to establish its first Virginia operation in the Town of Gordonsville in Orange County. The company will design, screen print, produce and distribute graphic art on heat transfers and apparel, creating 323 new jobs. Virginia successfully competed against Florida and New Jersey for the project.
RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the release of the Virginia Maritime Security Export Market Report. Old Dominion University prepared the study as part of VEDP’s ‘Going Global’ Defense Initiative to mitigate the impact of defense spending cuts on Virginia’s economy, the nation’s leading state recipient of defense spending. VEDP’s International Trade program focuses on assisting Virginia businesses in capturing export opportunities overseas. As the U.S.
RICHMOND - Governor Terry McAuliffe announced today that Teleperformance, the global leader in outsourced multichannel customer experience management, will establish a new customer service center in Henrico County, bringing 500 new jobs to the region.
RICHMOND - Governor Terry McAuliffe announced today that The Corsi Group, a leading manufacturer of custom and semi-custom cabinetry, will invest approximately $5 million to establish its first Virginia manufacturing operation in Charlotte County. Virginia successfully competed against Kentucky for the project, which will create 110 new jobs.
The Commonwealth’s Development Opportunity Fund (COF) is a “deal-closing” fund to be employed at the Governor’s discretion to secure a company location or expansion in Virginia. Administered by the Virginia Economic Development Partnership (VEDP), the COF serves as a final resource for Virginia in the face of serious competition from other states or countries.
The COF grant is a negotiated amount determined by the Secretary of Commerce and Trade, based on the recommendation of VEDP, and subject to approval of the Governor.
RICHMOND - Governor Terry McAuliffe announced today that Mondelez Global LLC, the U.S. operating company of Mondelez International, Inc., will invest more than $40 million to expand its biscuit bakery in Henrico County. The facility manufactures a variety of Nabisco crackers and cookies, including Ritz, Wheat Thins and Premium crackers, Oreo and Chips Ahoy! cookies, and Nilla wafers. This investment will enable the addition of a new, state-of-the-art manufacturing line for Ritz crackers and add 38,000 square feet to its existing bakery in Henrico County.
RICHMOND - Governor Terry McAuliffe announced today that Microsoft Corp. will invest $346.7 million to expand its data center site in Mecklenburg County and increase capacity to serve its growing customer base. Virginia successfully competed against other sites in the U.S. for the project, which will create 90 new jobs. Microsoft’s original project in 2010 involved an investment of up to $499 million and 50 new jobs. In 2011 the company invested an additional $150 million to expand the site, and in 2013 announced a $348 million expansion.
RICHMOND - Governor Terry McAuliffe announced in Hampton today that Alcoa Power and Propulsion, a business unit of Alcoa Inc. (NYSE: AA) and a global leader in superalloy airfoil and titanium and aluminum structural investment castings, will invest $25 million in its operation in the City of Hampton, which will create 75 new jobs. Through the investment, Alcoa will scale-up a breakthrough process technology that cuts the weight of its highest-volume jet engine blades by 20 percent and significantly improves aerodynamic performance.
RICHMOND - Governor Terry McAuliffe announced today that Global Refining Group, Inc., a sister company of ABC Recycling, will invest $4.2 million to establish a catalytic convertor recycling operation in Lunenburg County. Virginia successfully competed against Connecticut and New York for the project, which will create 30 new jobs. ABC Recycling, one of the fastest growing companies in South Central Virginia, recycles vehicles, scrap metals and catalytic converters.
RICHMOND - Governor Terry McAuliffe announced today that Trinity Packaging Corporation will invest $9.5 million to expand capacity at its operation in the Town of Rocky Mount in Franklin County. The project will create 25 new jobs. Virginia successfully competed against New York, North Carolina, South Carolina and Tennessee for the project.