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Coffee roaster to invest $29M to expand Suffolk facility
Massimo Zanetti Beverage USA expansion expected to create 79 jobs
Massimo Zanetti Beverage USA, the North American operating unit of the Italian coffee roaster Zanetti Beverage Group, will invest $29.1 million to consolidate and expand operations at its Suffolk roasting facility, a project expected to create 79 jobs, Gov. Glenn Youngkin announced Monday. “Massimo Zanetti Beverage USA’s continued expansion in Virginia speaks volumes about the
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Rainmaker-in-chief
New VEDP leader aims to build on predecessor’s success
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On Aug. 29, 2005, Jason El Koubi’s first day as research and policy director for Louisiana’s Baton Rouge regional chamber of commerce, Hurricane Katrina slammed into the state, resetting El Koubi’s and the state’s trajectory. It was a fast lesson in crisis management, but also one in economic transformation. That job was among his first
Port of Va. had $100B+ economic impact in FY21
Port set cargo handling record amid pandemic
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Amid some of the toughest months of the pandemic, the Port of Virginia set cargo records, processing more than 3.2 million TEUs (20-foot equivalent units) for the fiscal year ending June 30, 2021, and generating more than $100.1 billion in ancillary economic impact, according to the port’s fiscal 2021 economic impact report released Thursday. According
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Q&A: Quebec official discusses Va. trade mission
Delegate general sees wind energy as major trade opportunity
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Quebec’s delegate general in New York, Martine Hébert, visited Virginia this week on a trip to strengthen economic relations between her province and the commonwealth. Appointed in August by Quebec Premier François Legault and based out of New York, Hébert is responsible for promoting the province’s economic interests in the mid-Atlantic region. She previously served
Northam, state officials make European trade trip
Governor and delegation visit Spain, Belgium, Germany
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Before handing over the keys to the Executive Mansion to Gov.-elect Glenn Youngkin, Virginia Gov. Ralph Northam is skipping town for one last overseas business trip. Northam is leading an international trade and marketing mission to Belgium, Spain and Germany this week with a delegation including Chief of Staff Clark Mercer, Secretary of Commerce and
VEDP launches Supply Chain Optimization Program
Participating businesses could receive $10,000 in reimbursements
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The Virginia Economic Development Partnership launched its Supply Chain Optimization Program, Gov. Ralph Northam announced Wednesday. The one-year program is designed to help Virginia businesses streamline their supply chain management. Participating businesses could receive a maximum of $10,000 in reimbursements for supply chain-related expenses, including consulting services, connections with experts and training sessions. Companies are
Manifest destiny
Port continues cargo growth under new leadership
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Taking on a new job during a pandemic could spell rough waters, particularly if the job relies on global commerce. But the past eight months largely have been smooth sailing for Stephen Edwards, the new CEO and executive director of the Virginia Port Authority, which oversees the Port of Virginia. Edwards came onboard in January,
Eight Va. companies graduate from VEDP export program
VALET program helps companies grow international exports
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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,
Seven Va. exporters graduate from VALET program
International business acceleration program is offered through Virginia Economic Development Partnership
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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,
Norfolk shipping, logistics company to create 400 jobs through $36M expansion
CMA CGM Group to also create startup incubator in Arlington County
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Shipping and logistics company CMA CGM Group will keep its North American headquarters in Norfolk and invest $36 million to expand its Hampton Roads and Northern Virginia operations, creating more than 400 jobs, Gov. Ralph Northam announced Thursday. The French company opened its first Virginia office in 2002 in Virginia Beach and in 2005 moved