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Eight Va. companies graduate from VEDP export program
VALET program helps companies grow international exports
Eight companies became the latest to graduate from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, Gov. Ralph Northam announced Friday. The VALET program helps Virginia companies use international exporting as a growth strategy. During the two-year program, businesses learn international sales plan development services through trainings from international service providers,
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Chesterfield EDA eyes mixed-use project at Spring Rock Green
County supervisors will decide on $16M acquisition
Published
The Chesterfield County Economic Development Authority has proposed purchasing Spring Rock Green — a 42-acre property on the northwest corner of Midlothian Turnpike, near Chippenham Parkway — for $16 million to create a mixed-use development. The property is located between the Stonebridge Shopping Center and The Boulder’s Office Park. The first phase of the project
Turning the corner
Tysons leads Fairfax’s economic recovery
Published
When the COVID-19 pandemic hit last year, it felt as if the long-running goal of transforming Tysons from a commuter-driven “edge city” into a vibrant, urban, walkable destination “would be so disrupted,” says Victor Hoskins, president and CEO of the Fairfax County Economic Development Authority. But the increase in social distancing and remote work caused
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VEDP’s new board chair is Dewberry COO
Dan Pleasant's two-year term as chair started July 1
Published
Dan Pleasant, chief operating officer for Fairfax-based planning, design and construction company Dewberry, has been named chair of the Virginia Economic Development Partnership Board of Directors. His two-year term began July 1. The motion to approve Pleasant’s nomination passed unanimously during the 17-member board’s April 29 meeting. Pleasant has served on VEDP’s board for 10 years. “Today,
Virginia snags “Best Business Climate” state ranking
Business Facilities mag also ranks Va. tops for Tech Talent Pipeline category
Published
Virginia is the state with the “Best Business Climate” in the nation, according to Business Facilities magazine’s 17th annual State Ranking Report, released Wednesday. Last year, Texas held the No. 1 spot, with Virginia taking second. After falling off Business Facilities’ top 10 list in 2014 and 2015, Virginia placed ninth in 2016, fourth in
Richmond snack company investing $16.5M in Henrico facility
Red River Foods will create 60 jobs with warehouse, processing facility
Published
Richmond-based specialty snack supplier Red River Foods Group Inc. will invest $16.5 million to establish a warehouse and processing facility in Henrico County, creating 60 jobs, Virginia Gov. Ralph Northam announced Monday. Virginia competed with Maryland, New Jersey and Pennsylvania for the project. The center will process tree nuts, seeds and dried fruits and will
SimpliSafe bringing second facility to Henrico
250 jobs expected, raising company's Henrico jobs total to 800+
Published
Home security system manufacturer SimpliSafe will invest more than $3 million to expand its operations in Henrico County, increasing its jobs creation total for the county to more than 800, Gov. Ralph Northam announced Thursday. The company will establish a new customer security monitoring service center at 4840 Cox Road in Glen Allen to provide
Plastics equipment manufacturer to reopen Pulaski facility
Xaloy Holdings to produce 35 jobs, investing $1.75 million
Published
Plastics industry equipment manufacturer Xaloy Holdings LLC will move its barrel manufacturing operation from Ohio back to Virginia, reopening its former facility in Pulaski County, Gov. Ralph Northam announced Thursday. Xaloy will invest $1.75 million in its 100,000-square-foot, 30-acre site in Pulaski to produce bimetallic barrels, which are formed by bonding metal linings to the
Fed says Fifth District economy growing moderately
Companies see increased demand but continuing labor shortages
Published
, the Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been seeing moderate economic growth in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, which was released Wednesday. The Beige Book is published eight times per year and is based on anecdotal information
Virginia ranked CNBC’s Top State for Business again
State is the first to be awarded No. 1 ranking five times
Published
Virginia retained its place as CNBC’s Top State for Business this year, beating out North Carolina and Texas and becoming the first state to achieve the honor twice in a row and five times in all, the cable business news channel announced Tuesday morning. Virginia Gov. Ralph Northam appeared live Tuesday morning on CNBC’s “Squawk