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Tag: Fluvanna County

10 Va. companies graduate VEDP export program

Ten Virginia companies are the latest to graduate from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, which helps companies work on international export growth strategies, Gov. Glenn Youngkin announced this week.

The two-year VALET program helps Virginia companies that have established domestic operations use international exporting as a growth strategy. Businesses receive assistance developing international sales plans from international service providers, meetings with potential partners, educational events and customized market research. On average, participants see a 78% increase in international sales.

The program, introduced in 2002, now has more than 350 graduates. Currently, 51 companies are participating in the program. Since its inception, VALET has accepted more than 415 Virginia companies.

“Each of the 10 graduating companies represents a Virginia success story, and we commend their accomplishments achieved in the global marketplace since joining VALET two years ago,” Youngkin said in a statement. “This award-winning program accelerates the development of international business by connecting companies with the practical tools needed for successful export sales, which in turn creates jobs and grows Virginia’s economy.”

The graduating companies are:

  • American K-9 Interdiction LLC, Isle of Wight County
  • BecTech Inc., Alexandria
  • Embody Inc., Norfolk
  • Ensco Inc., Fairfax County
  • Har-Tru LLC, Fluvanna County
  • Kapsuun Group, Fairfax County
  • Moog Inc., Montgomery County
  • Morphix Technologies, Virginia Beach
  • PaneraTech Inc., Fairfax County
  • T.R.U. Ball/Axcel Archery, Amherst County

VEDP has a network of international market research consultants covering 120 countries.

“When Virginia businesses expand their target markets overseas and increase revenues, the commonwealth’s economy grows,” VEDP President and CEO Jason El Koubi said in a statement. “The VALET program has helped more than 350 companies successfully navigate the changing global marketplace and expand international sales over the past two decades, directly contributing to Virginia’s economic vitality. We are excited to see the export growth these graduates will experience as a result of their time in the program.”

Virginia exports more than $35 billion in goods and services annually, supporting more than 257,000 jobs and generating $2 billion in annual tax revenue, according to a news release.

Zion Crossroads shopping center sells for $4.85M

L&D Land Trust purchased the Freedom Drive Shops retail center and the land next to it in Zion Crossroads for $4.85 million from Freedom Drive Shops LLC, Cushman & Wakefield | Thalhimer announced Friday.

The 100% leased, 10,296-square-foot shopping center is at Freedom Drive and Route 15. Tenants include Dunkin’ Donuts and Anytime Fitness. The center and the land total 3.51 acres.

Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group, along with John Pritzlaff, in Thalhimer’s Charlottesville office, handled the sale negotiations on behalf of the seller; Jenny Stoner, also in Thalhimer’s Charlottesville office, represented the buyer.

California manufacturer opening $9.1M facility in Fluvanna

Stewart Tool Co. Inc., a California-based prototype-to-production manufacturer, will invest $9.1 million to establish its first East Coast manufacturing operation in Fluvanna County, creating 22 jobs.

The company plans to renovate the former Kloeckner Metals facility in Fluvanna’s Troy area.

“We were looking for a location close to the East Coast operations of our major customers, and we selected Virginia in part because it was one of the top states for business,” said Amber Stewart, company president, in a statement. “We are confident that Fluvanna County is the right place for our manufacturing facility.”

A family owned-and-operated business, Stewart Tool Co. designs and manufactures pressure vessels, working to the specifications of government and international customers, in addition to offering quick-turn prototyping, computer numerical control (CNC) and manual machining, welding and fabrication, engineering and design of parts and product testing. The company also serves clients in need of pump repair and rebuilds for shipboard pumps, high pressure pumps, turbines, as well as pumps for propoline, butane, methane, propane and liquefied natural gas.

Stewart Tool Co. is eligible to receive up to a total of $19,800 from the Virginia Jobs Investment Program, a performance-based incentive offered through the Virginia Economic Development Partnership, according to Suzanne Clark, VEDP spokeswoman. Virginia Career Works-Piedmont Region will help Stewart Tool Co. with recruiting.

 

Silk City Printing to create 93 jobs in Fluvanna County

Silkscreened apparel company Silk City Printing LLC will invest $5.7 million to establish a new production operation in Fluvanna County, creating 93 new jobs, Gov. Ralph Northam announced Tuesday. 

Silk City will relocate its corporate headquarters from Paterson, New Jersey, to a former Thomasville facility in Fluvanna that has been vacant since 2007. Silk City was established in 2017 and produces branded, silkscreened apparel for retail outlets including Target and Walmart. The company has an additional facility in New Jersey.

“We are honored that Silk City Printing has chosen Fluvanna County and Virginia as its new home,” said Northam in a statement. “This important project will create 93 valuable jobs for a rural community while also transforming a long-vacant facility into a state-of-the-art production operation. Stimulating growth across diverse business sectors will help advance our economic recovery, and we thank Silk City Printing for this investment in the commonwealth and our people.”

The Virginia Economic Development Partnership (VEDP) worked with Fluvanna County and the Central Virginia Partnership for Economic Development to secure the project for Virginia. Governor Northam approved a $70,000 grant from the Commonwealth’s Development Opportunity Fund to assist Fluvanna County with the project. Funding and services to support Silk City Printing employee training activities will be provided through VEDP’s Virginia Jobs Investment Program.

“This project is an exciting win for Fluvanna County, the region and the commonwealth,” said Secretary of Commerce and Trade Brian Ball. “The company will revitalize a plant that has been empty for 13 years while also providing critical opportunities for alternate career paths to Fluvanna County’s high school population. We look forward to building a strong partnership with Silk City Printing as the company ramps up in Virginia.”

“We’re excited to be moving our headquarters to Virginia,” said Mark Summers, president of Silk City Printing. “Our intention as a company is to build a world-class facility in Fork Union with the most modern and technologically advanced machinery available within the industry. Silk City Printing fully plans to recruit locally with training programs supported by Fluvanna County. Virginia and the county have made us feel extremely welcome and made this relocation an easy decision.”

 

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