RICHMOND—Governor Ralph Northam today announced that Zasti, Inc., an artificial intelligence (AI) technology company that develops innovative risk screening, predictive analytics, and climate change solutions for the healthcare industry, will invest $5.9 million to establish its U.S. headquarters and operations in Loudoun County. The company will utilize the facility to develop and embed ZASTI© AI platforms in diagnostic devices and enterprise IT systems to ensure product quality, supply chain security, and affordability.
Amazon HQ2, Arlington
RICHMOND—Governor Ralph Northam today announced that Tempur Sealy International, Inc. (NYSE: TPX) will invest $16.7 million to expand its manufacturing operation in Scott County. The company will increase production to meet growing demand for its proprietary foam mattress and pillow products. Virginia successfully competed with New Mexico for the project, which will create 25 new jobs.
RICHMOND—Governor Ralph Northam today announced that Ceres Nanosciences, Inc., a life sciences company that makes innovative products to improve diagnostic testing, will expand its operation in Prince William County’s Innovation Park to increase the manufacturing capacity of its Nanotrap® Magnetic Virus Particles for COVID-19 tests.
RICHMOND—Governor Ralph Northam today announced that power management company Eaton will invest $3.6 million to move production from California to its facility at 4200 Oakley Court in Henrico County. This investment will create 80 new jobs through the expansion of production capabilities and the addition of new lines for electrical component manufacturing.
RICHMOND—Governor Ralph Northam today announced that Moog Inc. (NYSE: MOG.A and MOG.B), a designer and manufacturer of high-performance motion control products and solutions, will invest $10.7 million to transfer existing jobs and equipment from one of its Blacksburg facilities to a larger building in the Falling Branch Corporate Park in Montgomery County. The company will have an additional 80,000 square feet at its new operation in Christiansburg to accommodate increased customers and demand and focus on production of its slip ring products for the industrial marketplace.
RICHMOND—Governor Ralph Northam today announced that seven companies have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) Program. VALET, which now has more than 300 graduated companies, assists Virginia exporters that have firmly established domestic operations and are committed to international exporting as a growth strategy.