12 Va. companies join VEDP’s export trade program
VALET program helps companies work on international export strategies
The Virginia Economic Development Partnership (VEDP) announced Wednesday that 12 companies were accepted into its two-year Virginia Leaders in Export Trade (VALET) program, which helps companies work on international exporting growth strategies.
The VALET program helps Virginia companies to establish domestic operations for exports and encourages using international exporting as a growth strategy. During the two-year program, businesses learn international sales plan development services through trainings from international service providers, meetings with potential partners, educational events and market research. There are currently 45 companies participating in the VALET program. Since the program’s inception, 359 Virginia companies have been accepted to the program.
The companies joining the VALET program include:
- Allied Brass, Louisa County
- American Aerospace Technologies Inc., Loudoun County
- ENSCO National Security Solutions, Fairfax County
- Federal Pacific, Bristol
- McAirlaid’s, Franklin County
- Morooka America LLC, Hanover County
- PaneraTech, Fairfax County
- Patriot3, Spotsylvania County
- Phoenix Group, Chesapeake
- Phoenix Integration, Montgomery County
- Titan, Loudoun County
- TMEIC Corp., Roanoke County
Virginia exports more $36 billion in goods and services annually, supporting more than 257,000 jobs and generating $2 billion in annual tax revenue, according to VEDP.
“VEDP is committed to working with Virginia businesses to expand their international sales, thereby increasing trade and trade-related jobs in the commonwealth, and we welcome these companies into the VALET program,” VEDP President and CEO Stephen Moret said in a statement. “During this time when businesses need growth opportunities more than ever, we are proud to have a proven program like VALET available to propel Virginia exporters to compete in the global marketplace.”