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Virginia Economic Development Partnership

A picture of a warehouse with a sign that says "Boxer"
May 30, 2024

Specialty gift manufacturer establishes $1.4M Harrisonburg operation

Boxer Gifts, a British manufacturer of specialty, often wacky gifts, including the “poo timer” and “old age emergency pants,” will invest $1.4 million to establish its first U.S. light manufacturing, distribution and wholesale operation in Harrisonburg, Gov. Glenn Youngkin announced Tuesday. The project is expected to create 15 jobs. “After selling fun gifts in the […]

L3Harris announces $41.2M Orange County expansion
Apr 18, 2024

L3Harris announces $41.2M Orange County expansion

Florida-based aerospace and defense contractor L3Harris Technologies announced on Thursday a $41.2 million expansion and modernization of its Aerojet Rocketdyne facility in Orange County, with plans to add 80 employees.  Over the next three years, L3Harris also plans to construct new facilities and buy new equipment for the facility, according to a statement from the […]

Mar 14, 2024

Food storage company to invest $77.5M in Suffolk facility

New Jersey-based cold and dry storage services provider FreezPak Logistics will invest $77.5 million to build a Suffolk facility, a project expected to create 80 jobs, Gov. Glenn Youngkin announced Thursday. FreezPak will build a 245,000-square-foot cold storage facility in Suffolk to serve the mid-Atlantic region. The 80 new jobs will be in warehouse operations […]

Coming into focus
Oct 30, 2023

Coming into focus

In 2016, amid concerns over how the Virginia Economic Development Partnership was being run, the General Assembly directed Virginia’s Joint Legislative Audit and Review Commission to examine VEDP‘s organizational management and performance. “There was a perception, at least publicly, that [VEDP] was a fairly good organization that was successful in bringing in business,” says Hal [[...]

Executive profiles
Oct 24, 2023

Third-party logistics company to expand in Pulaski County

Wytheville-based third-party logistics company Camrett Logistics will invest more than $2 million to expand in Pulaski County, creating an estimated 58 jobs, Gov. Glenn Youngkin announced Tuesday. Camrett Logistics’ investment in its Dublin facility will include construction, renovating existing space and buying new forklifts and electric trucks. “Homegrown Virginia businesses like Camrett[...]

Sep 26, 2023

Wells Fargo to launch $87M expansion in Roanoke County

San Francisco-based Wells Fargo will spend $87 million to modernize and expand its Roanoke County customer support center, adding 1,100 jobs in a deal that will make the bank the county’s largest employer. The deal is also the largest project employment announcement in the county’s history, as well as its largest commercial office investment, Gov. […]

Under construction
Sep 20, 2023

Lyon Shipyard to expand, adding 134 jobs

Lyon Shipyard, a 95-year-old family-owned ship repair facility in Norfolk, will spend $8.5 million to expand its operations and add an estimated 134 jobs, Gov. Glenn Youngkin announced Wednesday. The shipyard plans to increase its capacity to work on commercial ships and vessels that will work on offshore wind farm operations. Virginia competed with Maryland […]

Gov. Glenn Youngkin meets with Taiwan President Tsai Ing-wen in Taipei, Apr. 24, 2023. Photo courtesy Office of Gov. Glenn Youngkin.
Sep 19, 2023

Va. trade office opens in Taiwan

Virginia has opened its trade office in Taiwan. Announced in April, the office is Virginia’s fourth international trade office and follows Youngkin‘s meeting with Taiwan’s president, Tsai Ing-wen, during the governor’s first international trade mission. Virginia Secretary of Commerce and Trade Caren Merrick was joined by Liang-yu Wang, director general of Taiwan’s Dep[...]

Economic Development 2023: JASON EL KOUBI
Aug 30, 2023

Economic Development 2023: JASON EL KOUBI

El Koubi has served as head of Virginia’s top economic development organization since March 2022, following a five-year stint as VEDP‘s executive vice president. Part of the team that helped bring Amazon.com’s $2.5 billion-plus HQ2 East Coast headquarters to Arlington County, El Koubi continues to land big economic wins for the commonwealth, such as last […]

Henry County’s Commonwealth Crossing Business Centre received $22 million in state funding this year for site readiness. Photo courtesy Commonwealth Crossing Business Centre
Aug 30, 2023

Polish glass fabricator expanding in Henry County

Poland-based Press Glass Inc. will spend more than $155 million to expand its operations in Henry County and add 335 jobs, marking the largest expansion in the county’s history, Gov. Glenn Youngkin announced Wednesday. The largest independent glass fabricator in Europe, according to a news release, Press Glass will construct a 360,000-square-foot addition at its […]

Aug 24, 2023

Charlottesville-based Virginia Diodes to expand, invest $2.5M

Virginia Diodes Inc. (VDI) will invest $2.5 million to expand its operations in Charlottesville, adding an estimated 24 jobs, Gov. Glenn Youngkin announced Thursday. VDI was founded in Charlottesville in 1996 as a spinoff from the University of Virginia and in 2004 established its headquarters at the city’s Ix Art Park complex.  The company manufactures […]

Berkley Mid-Atlantic Group's office in Henrico County.
Aug 10, 2023

Henrico insurer to create 72 jobs in $6.2M expansion

Henrico County-based insurance company Berkley Insurance Co. will invest $6.2 million to expand its office in the county’s Innsbrook area, with plans to create 72 jobs, Gov. Glenn Youngkin announced Thursday. A subsidiary of Connecticut-based Fortune 500 company W. R. Berkley Corp., the firm will lease an additional 8,920 square feet of office space from […]

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