Seven Va. exporters graduate from VALET program

International business acceleration program is offered through Virginia Economic Development Partnership

Published February 12, 2021 by Rich Griset

Gov. Ralph Northam announced on Friday the list of the latest seven companies to graduate from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program.

More than 300 companies have now graduated from the a two-year international business acceleration program that assists participating Virginia exporters with international sales plan development services, assistance from a team of international service providers, international business meetings with potential partners, educational events and customized market research.

There are currently 46 companies participating in the VALET program. VEDP has a network of international market research consultants covering more than 70 countries around the globe.

The graduating companies are:

• Atomized Products Group of Chesapeake Inc., Chesapeake
• Biomic Sciences LLC, Albemarle County
• Cambridge International Systems Inc., Arlington County
• Diamond Healthcare Corp., Richmond
• ExploreLearning, Charlottesville
• Fonteva, Arlington County
• Sentry Equipment & Erectors Inc., Bedford County

“In today’s challenging and uncertain business environment, Virginia companies need support to identify new customers and navigate global markets,” said Northam in a statement. “The VALET program’s tools and expertise continues to help Virginia exporters drive sales, which are an important economic engine for the commonwealth. We applaud these seven businesses for their commitment to international growth and their achievements in Virginia and abroad.”

Virginia exports over $37 billion in goods and services annually. Exports of Virginia’s products and services support more than 257,000 jobs and generate $2 billion in annual tax revenue.

“Export sales drive employment and capital investment in the commonwealth, and we are proud that a proven program like VALET is available to help Virginia businesses capitalize on global opportunities and position them for success for many years to come,” said Stephen Moret, VEDP president and CEO, in a statement.

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