H&V Delivering Critical Materials in the Fight Against COVID-19

Floyd, VA – As the COVID-19 virus is straining the global healthcare supply chain, Hollingsworth & Vose, which has operations in Floyd County, is busy making filtration material that is a critical component in Respiratory Protection Equipment being used to fight the virus. H&V is taking this responsibility seriously as well as the safety of its employees and the community.

Over the last few months, the corporation has added staff and adjusted manufacturing schedules to optimize the amount of product it can produce in response to this global health crisis. H&V is also prioritizing orders from existing customers who have active manufacturing and distribution within the respiratory protection market with approved products. This approach will optimize the speed and number of people who can be helped in this challenging situation.

H&V is currently supplying media that will be used in the following applications:

  • 40 million N95 facemasks per month
  • 40 million medical breathing devices, including ventilators per month
  • 20,000 HEPA filters per month used in hospitals and pharmaceutical laboratories

Pulaski County Led Virginia in Economic Development Performance in 2019

Pulaski County, VA – Pulaski County once again tops the state in economic development, finishing 1st in the Commonwealth for new job creation and 2nd in the Commonwealth for new capital investment per capita.

According to data compiled by the Virginia Economic Development Partnership on announcements of employment creation and capital investment for 2019, Pulaski County finished 1st overall in Job Creation, 2nd overall in New Capital Investment and 17th overall in the Number of Projects Announced per capita for the Calendar Year 2019, out of all 95 counties and 38 independent cities within the Commonwealth of Virginia.

The ranking outcomes were the result of Pulaski County’s two (2) qualified projects in CY-2019, both of which were officially announced in concert with the Governor’s office. These two (2) basic industry sector projects will collectively create more than 790 new jobs and more than $401 million in new capital investment. The two projects referenced consisted of Volvo Trucks North America and BimmerWorld.

“The Board of Supervisors is very gratified to receive the number one spot in economic development for the second time in three years. This continuing success is certain to have significant long-term benefits to the people of our county and to the economy of the entire New River Valley. We have one of the best economic development teams in Virginia, and they have been working very effectively with the previous and current Board of Supervisor members and other local leaders to support our existing businesses and industries to create jobs and encourage investment here in Pulaski County.” – Joseph Guthrie, Chair of the Pulaski County Board of Supervisors

Pulaski County also ranked number 1 in the Commonwealth in 2017 for Overall Economic Development Performance per capita having facilitated the creation of more than 600 new jobs and $57 million in new capital investment derived from five (5) qualified basic industry sector projects in CY-2017. Since January of 2017, Pulaski County has enjoyed seven (7) qualified announcements that have resulted in nearly $475 million in new capital investment and more than 1,460 new jobs created. One of the seven announcements recently occurred on January 21, 2020, when Patton Logistics, LLC was welcomed as the newest member of Pulaski County’s business community.

“We knew Pulaski County had another impressive year of announcements, but did not anticipate we would end up on top again out of all 133 jurisdictions considering Virginia’s #1 business ranking and how strong the economy was in 2019. We are thankful to have world-class companies such as Bimmerworld and Volvo who call Pulaski County home and are willing to invest millions and even hundreds of millions into their operations, their people and their future.” – Jon Wyatt, Chair of the Pulaski County Economic Development Authority

According to the U.S. Bureau of Labor Statistics, Pulaski County’s unemployment rate remained at the 20-year low of 2.8% in November of 2019, reaching the third lowest monthly rate in more than 30 years. “The availability of good jobs is foundational to the health of our local economy and achieving our goal of 40,000 people by 2030, and it takes leadership from our elected officials, a skilled workforce, a talented economic development team and trust, confidence and commitment from our businesses to make this possible,” stated Jonathan D. Sweet, County Administrator. “Our culminated successes in the past three years is not by accident, but rather the results of a lot of hard work, strategy, creativity and risk taking by our economic development team, the unwavering support of our Board of Supervisors and EDA, a deep talent pool and without a doubt, God’s favor.”

Pulaski County, located in the New River Valley of Virginia, is home to eight (8) international companies that represents more than 5,000 advanced manufacturing jobs. The County is considered to be Southwest Virginia’s Center for International Business and the New River Valley’s Advanced Manufacturing Hub.

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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

Volvo Trucks Hosts STEM Students

Dublin, VA – Volvo Trucks opened its doors to middle school students from across the New River Valley to expose them to the variety of opportunities within advanced manufacturing.

More than 100 students had the opportunity to see the 1.6 million-square-foot plant, however the focus of the conversations was how to use creativity and work as part of a team to bring innovation to the job. From virtual reality to robotics, students were able to see the ideas of Volvo Group come to life.

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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

Prime Photonics Completes VEDP International Business Acceleration Program

Richmond, VA — The Virginia Economic Development Partnership (VEDP) today announced that 14 companies from across the Commonwealth have graduated from its Virginia Leaders in Export Trade (VALET) Program. The program, which now has 304 graduates, assists Virginia exporters that have firmly established their domestic operations and are committed to international exporting as a growth strategy.

“The Virginia Leaders in Export Trade program helps companies of all sizes expand into global markets, positioning our existing businesses for growth and significantly contributing to the Commonwealth’s economic vitality,” said Virginia Secretary of Commerce and Trade Brian Ball. “The VALET Program provides the critical tools and expertise for participants to navigate new markets and successfully export products overseas. We congratulate these 14 Virginia companies on their international growth, and applaud the Virginia Economic Development Partnership for facilitating this impactful program.” The graduating companies recognized during an event in Richmond include:

Prime Photonics, LC (Montgomery County)
AT&T Business – Global Public Sector – Defense (Fairfax County)
Blue Ridge Optics, LLC (Bedford County)
Boss Lumber (Mediterranean Corporation) (City of Galax)
DESMI Inc. (City of Chesapeake)
FUJIFILM Wako Chemicals USA (Chesterfield County)
Harris Healthcare (Fairfax County)
Instant Systems Inc. (City of Norfolk)
JRC Integrated Systems (King George County)
McQ Inc. (Stafford County)
SD Solutions LLC (Page County)
Strongwell Corporation (City of Bristol)
Symplicity Corporation (Arlington County)
Trident Systems Incorporated (Fairfax County)

Currently, the VALET program has 44 companies as participants. The program provides participating companies with export planning services and assistance from a team of experienced international service providers to help meet the companies’ international business goals. To date, 348 Virginia companies have participated in the VALET program.

“Increasing trade and trade-related jobs in Virginia are among VEDP’s top priorities. Executed by our world-class International Trade team, the VALET program has a proven track record of helping Virginia businesses increase their export sales. We are confident that the companies graduating today will see continued global success in the coming years, contributing meaningful growth to the Commonwealth’s economy.”
– Jason El Koubi, VEDP Executive Vice President

The Commonwealth of Virginia exports more than $35 billion in goods and services annually. Exports of Virginia’s products and services to the world are vital to the growth of the Commonwealth, supporting more than 257,000 jobs and generating $2 billion in annual tax revenue. VEDP offers numerous programs to assist Virginia companies with selling into the global marketplace and has a network of international market research consultants covering more than 70 countries around the globe.

The Virginia Economic Development Partnership was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support the development and expansion of the economy of the Commonwealth. To accomplish its objectives of promoting economic expansion within the Commonwealth, the Partnership focuses its efforts on business recruitment, expansion, and international trade development.

For more information on the VALET Program click here.

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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

Aeroprobe Corporation Selected to Participate in Virginia’s VALET Program

RICHMOND, VA — The Virginia Economic Development Partnership (VEDP) announced the acceptance of Aeroprobe Corporation, a Montgomery County company, 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 participate, each business must meet both quantitative and qualitative selection criteria. Participating firms are chosen based on their dedication to growing export sales. To date, 348 Virginia companies have been accepted to participate in the VALET program.

“Increasing trade and trade-related jobs in Virginia are among VEDP’s top priorities,” said VEDP Executive Vice President Jason El Koubi. “Executed by our world-class International Trade team, the VALET program has a proven track record of helping Virginia businesses increase their export sales, contributing economic growth and ensuring that Virginia remains competitive in the global marketplace.”

“The VALET program puts participating companies on the fast track to international business growth by connecting them with the necessary tools for successful international sales. We are excited to welcome Aeroprobe Corporation into the VALET Program and look forward to working with them over the course of the next two years.” – Stephanie Agee, Vice President of International Trade

Currently, the VALET program has 44 companies as participants. The program provides participating companies with export planning services and assistance from a team of experienced international service providers to help meet the companies’ international business goals. These private sector service providers contribute essential expertise to assist companies in executing export plans and include attorneys, web designers, bankers, translators, accountants, and freight forwarders.

The Commonwealth of Virginia exports more than $35 billion in goods and services annually. Exports of Virginia’s products and services to the world are vital to the growth of the Commonwealth, supporting more than 257,000 jobs and generating $2 billion in annual tax revenue. VEDP offers numerous programs to assist Virginia companies with selling into the global marketplace and has a network of international market research consultants covering more than 70 countries around the globe.

Aeroprobe Corporation

Aeroprobe is the world’s leading producer of air data and flow measurement systems for the aerospace, automotive, turbomachinery, and wind energy industries around the world. Aeroprobe has been a trusted partner to designers, engineers, researchers, and pilots since 1994. The company’s mission is to exceed customer expectations by providing accurate, high quality, reliable measurement systems. For more information, please visit http://www.aeroprobe.com.

Virginia Economic Development Partnership

The Virginia Economic Development Partnership was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support the development and expansion of the economy of the Commonwealth. To accomplish its objectives of promoting economic expansion within the Commonwealth, the Partnership focuses its efforts on business recruitment, expansion and international trade development.

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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

virginia business; new river valley

Virginia Business Features NRV Leaders in ‘100 People to Meet in 2020’

New River Valley, VAVirginia Business released its inaugural list of Virginians you should get to know this year including innovators, builders, and educators in the NRV.

Innovators
Virginia has no dearth of creative, visionary entrepreneurs and businesspeople. Representing industries ranging from hemp farming to autonomous vehicles and blockchain, they’re moving the needle.

Steven Critchfield, President and CEO, MOVA Technologies; owner, West Main Development, Pulaski
Matt Hagan, Owner and farmer, Truharvest Farms, Christiansburg
Dan Larimer, Chief technology officer, Block.one, Blacksburg

Builders
Be it residential or commercial, historic renovation or new construction, from small-scale, mixed-use developments to massive interstate highway projects, these are some of the many professionals who are leaving their imprint on Virginia’s landscape.

Luke Allison, Entrepreneur, Pulaski

Educators
When Virginia regained the No. 1 ranking on CNBC’s annual Top States for Business list this year, one of the factors that put the Old Dominion over the top was our “wealth of colleges and universities,” lauded by CNBC as “the best in the nation.” These are some of the educators, researchers and administrators who helped the commonwealth earn that reputation.

Mark Blanks, Director, Virginia Tech Mid-Atlantic Aviation Partnership, Blacksburg
Tom Dingus, Executive director, Virginia Tech Transportation Institute, Blacksburg
Brandy Salmon, Managing director, Virginia Tech Innovation Campus; associate vice president for clinical and translational research, Virginia Tech, Blacksburg and Alexandria

Rainmakers
Through their outreach, marketing and incentives, these are people who attract and grow businesses, making the commonwealth wealthier.

Donna Gambrell, President and CEO, Appalachian Community Capital, Christiansburg

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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

manufacturing

A Hot Spot for International Manufacturing

New River Valley, VA – “Winding north along I-81 you’ll find Virginia’s New River Valley, home to small-town communities and spectacular outdoor recreation along the mountains and the winding New River. The area’s charm and quality of life are among the attractions for international companies. The New River Valley consists of Floyd, Giles, Montgomery, and Pulaski counties and the City of Radford. It’s also home to Virginia Tech, one of the Commonwealth’s largest universities and a leading research center, as well as Radford University, and New River Community College. As a result, a large percentage of the region’s 180,000 residents are between 18 and 24 and contribute to the pipeline of talent for area companies. That pipeline has proven to be a powerful lure for a diverse number of international manufacturers. “There is a significant presence of international manufacturing companies in the region, including companies from Germany, Sweden, Brazil, Colombia, and Italy, among others,” explained Charlie Jewell, executive director of Onward New River Valley, the region’s economic development organization. Among the notable successes is Phoenix Packaging. The Colombia-based plastic injection molding manufacturer has been manufacturing plastic packaging for the food industry in the New River Valley since 2010. In the past eight years the company has expanded three times, adding a total of 585 new jobs and $106.2 million in investment. The most recent expansion occurred in 2017 and created 145 new jobs and $48.7 million in investment. Virginia Tech’s focus on providing engineering, manufacturing, and transportation research (not to mention skilled college graduates) to local companies has encouraged many global manufacturers to call the region home. That research capability compelled InMotion, a manufacturer of electric motors and drives for electric and hybrid vehicles, to create a home in Montgomery County in 2014. The company invested over $5 million to establish its first U.S. manufacturing operation in Blacksburg. The subsidiary of Italy-based Zapi S.p.A. employs 80 people there. “Montgomery County has an outstanding combination of local talent and cost- effective facilities, as well as improved access to Virginia Tech and its world-class electric vehicle research,” commented Mike Jellen, general manager of InMotion US, upon announcing the investment. “Our Montgomery County location, with its attractive standard of living, coupled with InMotion’s groundbreaking product development, will continue to attract and retain the industry’s best people.” Virginia Tech’s Transportation Institute (VTTI) counts Volvo Trucks among its stakeholders. The Swedish company’s 1.6-million-square-foot assembly plant in Dublin, Virginia, sits on nearly 300 acres, making it the largest Volvo truck manufacturing facility in the world. The plant produces all Volvo trucks sold in North America. And while the company now boasts its own 1.1-mile Customer Experience Track for testing equipment handling, the company also works closely with Virginia Tech researchers. VTTI is supporting the global manufacturer in research on self-driving trucks, among other projects. While transportation companies make up only a part of the international players investing in Virginia, transportation certainly is part of the appeal. Being close to the customer “takes complexity out of the supply chain,” commented Korona S.A. Chairman Friedrich Rather, when the Polish candlemaker expanded into the U.S. The company invested $18.3 million in a manufacturing facility in Dublin and created 170 new jobs in the process. Korona Candles is one of the largest scented-candle manufacturers in Europe and produces private-label collections for many leading companies. Its executives’ decision to add a second production plant in Virginia expanded distribution worldwide, and gave the company the benefit of local employee training services available through New River Community College. Targeted machine training is critical in operating the technology central to the candlemaker’s processes. These international commitments help to grow local investments in the workforce and infrastructure. It’s a combination likely to continue to attract innovative employers, making it little wonder Zippia ranked the New River Valley the No. 6 top U.S. job market of 2018.” Original article from Virginia Economic Review can be found HERE.
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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.” Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

BimmerWorld to Invest $1 Million Expansion

<>Richmond, VA — Governor Ralph Northam today announced that BimmerWorld, a leading BMW parts supplier, will invest $1 million to expand its operation in Pulaski County. The company will increase warehouse space to accommodate its customer service center and growing demand for parts. The project will retain 25 jobs and create 15 new jobs. “BimmerWorld is a great example of what a homegrown Virginia startup can achieve in the New River Valley,” said Governor Northam. “This innovative company has built a solid reputation in a niche market, and the continued investment in its operation is a strong testament to the region’s skilled workforce and flourishing automotive sector. We congratulate BimmerWorld on its next phase of growth and look forward to the company’s continued success in Pulaski County.” Founded in 1997 by James Clay, BimmerWorld began as a supplier of used BMW parts and quickly grew to offer replacement parts, performance parts, and race parts for all BMW enthusiasts. Located in Southwest Virginia, BimmerWorld is a leading BMW parts supplier with customers spanning the globe.
“BimmerWorld has thrived in Pulaski County for more than two decades, and Virginia is proud to have this unique company on its corporate roster. The region’s pro-business environment, robust workforce, and training programs promote the success of companies of all sizes, and we thank BimmerWorld for continuing to invest and create valuable, 21st-century jobs in the New River Valley.” – Brain Ball, Secretary of Commerce and Trade
“We have built the leading independent BMW performance tuning and parts retailer in North America, and I am proud that it is rooted in Pulaski County where I grew up,” said company founder James Clay. “This newest expansion is a further investment in the local economy and workforce, which are critical to us as we continue to move forward with the growth of our business.” The Virginia Economic Development Partnership (VEDP) worked with Pulaski County and Onward New River Valley to secure the project for Virginia. “We are so proud of BimmerWorld’s continued success here in Pulaski County and what their steady growth means for quality new job opportunities for the citizens of Pulaski County and the New River Valley,” said Chair of the Pulaski County Board of Supervisors Andy McCready. “BimmerWorld, like most of our business community, is buoyed by its world-class workforce that ultimately allows them to be industry leaders and effectively compete in the global market.” “Congratulations to James Clay and BimmerWorld on this very exciting news,” said Delegate Nick Rush. “As a successful family-owned local business that I’ve proudly watched grow since its inception, BimmerWorld is an exemplary model of employee talent and commitment in a continuously expanding, competitive industry. Pulaski County, Southwest Virginia, and the Commonwealth are certain to benefit greatly from their continued growth, production potential, and workforce investment.”
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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”   Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.  
NanoSonic

Giles County Company Selected for VALET Program

Two-year export program provides resources to support international business expansion

NanoSonic, Inc., 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 participate, each business must meet both quantitative and qualitative selection criteria. Participating firms are chosen based on their dedication to growing export sales. To date, 335 Virginia companies have been accepted to participate in the VALET program.

“The VALET program, administered by VEDP’s dedicated International Trade team, is one of our most well-regarded tools for bolstering trade activity in the Commonwealth,” said VEDP President and CEO Stephen Moret.

“This world-class program has helped nearly 340 homegrown companies to increase their export sales, contributing economic growth and ensuring that Virginia remains competitive in the global marketplace.” – Stephen Moret

“The VALET program puts participating companies on the fast track to international business growth by connecting them with the necessary tools for successful international sales,” said Paul Grossman, Vice President of International Trade. “We are happy to welcome NanoSonic into the VALET Program and look forward to working with them over the course of the next two years.”

Currently, the VALET program has 45 companies as participants. The program provides participating companies with export planning services and assistance from a team of experienced international service providers to help meet the companies’ international business goals. These private sector service providers contribute essential expertise to assist companies in executing export plans and include attorneys, web designers, bankers, translators, accountants, and freight forwarders.

The Commonwealth of Virginia exports more than $35 billion in goods and services annually. Exports of Virginia’s products and services to the world are vital to the growth of the Commonwealth, supporting more than 257,000 jobs and generating $2 billion in annual tax revenue. VEDP offers numerous programs to assist Virginia companies with selling into the global marketplace and has a network of international market research consultants covering more than 70 countries around the globe.

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NanoSonic, Inc.

NanoSonic is a Research & Development company specializing in the design and manufacture of innovative materials, especially new materials that are currently unavailable in the commercial market. NanoSonic has developed a range of polymer-based materials and services for the aerospace, defense, and electronics industries, and its clients include the U.S. Department of Defense, Department of Energy, and NASA. For more information, please visit http://www.nanosonic.com.

Virginia Economic Development Partnership

The Virginia Economic Development Partnership was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support the development and expansion of the economy of the Commonwealth. To accomplish its objectives of promoting economic expansion within the Commonwealth, the Partnership focuses its efforts on business recruitment, expansion and international trade development.

For more information on the VALET Program, visit http://exportvirginia.org/services/programs-grants.

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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

MOVA

MOVA Technologies Partners with VT to Collect and Recycle Pollutants

Pulaski County, VA – MOVA Technologies is partnering with Virginia Tech to to test a filtration system that could have major implications for fossil fuel-burning plants.

MOVA Technologies recently received $50,000 from Governor Ralph Northam as part of the Commonwealth Research Commercialization Fund Awards to test out prototypes of panel-bed filters. The company is currently in their final stage of testing, which is taking place at VT’s Advanced Power and Propulsion Laboratory. If all goes well, the filters will collect coal fly ash, sulfur dioxide, nitrogen oxide, and carbon dioxide and will be contained in a solid sorbent material for safe transport. These chemicals will then be resold to companies who need them for production.

Joseph Meadows, assistant professor of mechanical engineering at VT, will be analyzing the filters at his test cell lab over the next 6 months. The filters will be tested in variety of operating conditions with various containments to test its efficacy and identify which gases are going through the filter. Additionally, Stephen Martin, VT associate professor of chemical engineering, will play a supporting role as the expert in solid sorbents. Martin will be on hand to modify the solid sorbents as needed during the testing phase.

“We’re pleased to keep development of the panel-bed in Southwest Virginia. The majority of our capital investors are from this region, and the technology is designed for applications that could benefit Virginia’s economy, with a specific emphasis on Southwest Virginia.”
    – James Compton, Operations Officer at MOVA Technologies

According to the U.S. Department of Energy, this type of carbon filtration technology was not expected to be available until 2030. However, MOVA intends on bringing it to market next year. This system will take up less space as well as reduce costs compared to existing technology. Studies have indicated that the panel-bed could potentially reduce capital and operating costs by 15% and 25%, respectively.

Virginia Tech Knowledge Works conducted a market study that determined this filtration system has the ability to generate annual revenues of between $500 million and $1 billion. The proof-of-concept testing is expected to be complete by March 2020 and from there the company hopes to begin production. Steve Critchfield, MOVA’s president and CEO, wants to bring jobs to Southwest Virginia.

MOVA
“One thing I’m excited about is these fabrication jobs will pay enough to entice people from Southwest Virginia back who are now on oil rigs and pipelines. I’m hoping this will be a major step toward stopping the exodus of people from Southwest Virginia.” – Steve Critchfield

While there is still quite a bit of testing to be done on these panel-beds, MOVA is already researching ways to expand this technology to the agriculture industry helping to removing hazardous emissions and odorous smells.

Check out MOVA Technologies to learn more about the filtration system process and why this project is so important.

Photo Credits: MOVA Technologies

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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.