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VEDP, Martinsville receive $3.9M in federal grants
The city of Martinsville and the Virginia Economic Development Partnership have been awarded $3.9 million in federal CARES Act grants to boost economic development during the downturn related to the COVID-19 pandemic, the U.S. Department of Commerce announced Thursday. Martinsville will receive a $3 million grant from the Commerce Department’s Economic Development Administration to expand [&[...]
Northam announces $3.6M expansion of Eaton in Henrico
Power management manufacturer and supplier Eaton Corp. plc will invest $3.6 million to move production from California to its facility in Henrico County, Gov. Ralph Northam announced Friday. The move will create 80 jobs through the expansion of the Henrico facility’s production capabilities and the addition of new lines for electrical component manufacturing. Eaton, an […]
Manufacturer announces $10.7M expansion in Montgomery County
Motion control product manufacturer Moog Inc. will invest $10.7 million to transfer existing jobs and equipment from its Blacksburg facilities to a larger building in Montgomery County, Gov. Ralph Northam announced Tuesday. The investment will also create 75 jobs. Founded more than 65 years ago, East Aurora, New York-based Moog Inc. designs, manufactures and integrates […]
Seven Va. exporters graduate from VALET program
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 ser[...]
Norfolk shipping, logistics company to create 400 jobs through $36M expansion
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 […]
Crown Holdings to build $145M aluminum can factory in Henry County
Yardley, Pennsylvania-based metal packaging tech company Crown Holdings Inc. will establish a $145 million aluminum can manufacturing operation in Henry County, creating 126 jobs, Gov. Ralph Northam announced Thursday. The company will build the 355,000-square-foot facility to be used for aluminum beverage can production in the Commonwealth Crossing Business Centre. Founded in 1892, the Fortune [&[...]
Laminating company to add 42 jobs in Henry County
Custom laminating company Laminate Technologies Inc. will invest $4 million to expand its Henry County facility in Ridgeway, creating 42 jobs, Gov. Ralph Northam announced Friday. The company’s manufacturing facility, which opened in 2012, is located at 775 Industrial Park Drive, where an automated hardwood plywood press line will be installed to increase its capacity […]
10 Va. companies join VEDP’s export trade program
The Virginia Economic Development Partnership (VEDP) announced Wednesday that 10 new companies have been 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 [...]
Virginia Economic Developers Association announces 2021 officers
The Virginia Economic Developers Association (VEDA) announced Wednesday its elected 2021 officers, including a new president, vice president, treasurer and secretary. The VEDA is a member-based association that works to provide professional services for economic development in Virginia. Founded in 1982, it offers training and networking opportunities and acts as a voice for more than […]
Unmanned aircraft company creating 249 jobs in Warren County
Silent Falcon UAS, an unmanned aircraft systems service provider and equipment manufacturer, will invest $6 million to locate its new East Coast headquarters for research development and manufacturing at the Front Royal-Warren County Airport, creating 249 jobs, Gov. Ralph Northam announced Tuesday. Founded in Albuquerque, New Mexico, Silent Falcon UAS manufactures patent-pending unmanned aircraft [...]
Va. employment may not fully recover until 2023 to 2025
Virginia may not get back to full, pre-pandemic employment until 2023 to 2025, according to Moody’s Analytics employment forecasting, but Stephen Moret, president and CEO of Virginia Economic Development Partnership (VEDP) thinks that the commonwealth can recover sooner. “We not only want to accelerate the path back to full, pre-pandemic employment and even growing beyond, […]
SWVA guardrail manufacturer announces $7.9M expansion
Nine months of hard work has paid off. Since February, InvestSWVA has been working with highway guardrail manufacturer SPIG Industry LLC on its expansion plans, and on Thursday Gov. Ralph Northam announced the Washington County-based company’s plans to invest $7.9 million to expand its operations in the Bristol-Washington Industrial Park, creating 113 jobs. Formed in […]
