Virginia Industrial Plastics to invest more than $6.5 million to increase production Date: September 23, 2021 RICHMOND—Governor Ralph Northam today announced that Virginia Industrial Plastics, Inc., a plastic thermoforming and fabrication company, plans to invest more than $6.5 million to expand its manufacturing facility in Rockingham County. This project will create 92 new jobs. “Virginia […]
Restaurant chain to invest over $30 million, create more than 50 jobs Date: September 9, 2021 RICHMOND—Governor Ralph Northam today announced that CAVA, a Washington, D.C.-based fast-casual Mediterranean restaurant chain, will invest over $30 million to establish a new processing and packaging operation in Augusta County. The company will construct a 57,000-square-foot facility in Mill […]
September 1, 2021 It’s back to school for the Shenandoah Valley’s 10 colleges and universities, 8 career and technical centers, and public and private K-12 schools. Our annual 9,000+ graduates are ready to serve new business development or existing industry expansions. In August, nine site selectors followed along as we prepared granola bars and had […]
Two-year export program provides resources to support international business expansion July 15, 2021 Richmond—The Virginia Economic Development Partnership (VEDP) today announced the acceptance of 12 companies into its two-year Virginia Leaders in Export Trade (VALET) program. The VALET program assists companies in the Commonwealth that are committed to international exporting as a growth strategy. To […]
July 7, 2021 In this issue of Virginia Economic Review, the Virginia Economic Development Partnership (VEDP) explores the economic value that international trade brings to companies and consumers and detail Virginia’s ambitious international trade plan to boost exports by 50% over the next 10–15 years. Shenandoah Valley highlights include (page numbers reference digital version): 10 – Ryzing […]
May 27, 2021 A mosaic of productive family farms, vibrant cities, and accessible outdoor recreation form the essential character of the Shenandoah Valley. Home to four of the top five agricultural-producing counties in Virginia, local is defined by a country drive, not a 100+ mile commute. Our majestic fields and downtown hubs weave together farm-to-table […]
SIBO GROUP to invest $2.6 million in new operation, creating 24 new jobs For Immediate Release: May 27, 2021 Office of the Governor Contact: Alena Yarmosky Email: Alena.Yarmosky@governor.virginia.gov Virginia Economic Development Partnership Contact: Suzanne Clark Email: sclark@vedp.org SIBO GROUP Contact: Alex Radojcic Email: alex.rad@sibo-usa.com RICHMOND—Governor Ralph Northam today announced that SIBO GROUP, a Slovenia-based manufacturer […]
April 2021 The diversification of drivers affecting growth provides stability in the region. The growth of existing companies, new e-commerce requirements and 3PL activity have all helped the region. The shift to online shopping has helped companies focus on moving into space along the Shenandoah/I-81 Corridor. Click here to read the full story on Colliers International’s […]
Modine Manufacturing Company to invest $7 million to expand manufacturing of data center cooling solutions Date: April 29, 2021 RICHMOND—Governor Ralph Northam today announced that Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, will invest $7 million to establish a manufacturing facility in Rockbridge County. The company will […]
April 22, 2021 FOR IMMEDIATE RELEASE Contact: Nick Swartz, Ph.D., SHD Air Service Task Force Chair (540) 568-5272 swartznj@jmu.edu It has been an incredible three years for Shenandoah Valley Airport (SHD). After announcing their non-stop United Express jet service powered by SkyWest in April 2018, SHD experienced record passenger numbers, added additional flights in the […]
