FedEx Ground Montgomery County

FedEx Ground to Open Distribution Center in Montgomery County

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Featured image courtesy of Montgomery County Economic Development.

Montgomery County, VA – It was announced in November 2022 that FedEx Ground will be opening a 251,000 square-foot distribution center in Montgomery County’s Falling Branch Corporate Park. The facility, which is located on 41 acres in the industrial park, is expected to be operational in 2023.

According to the press release, “[t]he site was chosen [by FedEx] because of its ease of access to major highways, proximity to customers’ distribution centers and a strong local community workforce for recruiting employees.”

Here is what Montgomery County Board of Supervisors Chair Sherri Blevins had to say about the project:

“Our community continues to grow and having FedEx Ground chose Montgomery County as the home to build one of its most recent distribution centers serves as testament to the work we do every day to make Montgomery County a thriving and growing place for businesses and for our citizens to live and to work.”

Read the full press release about the project here.

Learn more about Montgomery County, a community in Virginia’s New River Valley, 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.

H&V to Create 25 Jobs in Floyd County

Hollingsworth & Vose to Expand and Create 25 Jobs in Floyd County

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Global Advanced Materials Manufacturer to invest $40.2 million, create 25 jobs in Floyd County

Governor Glenn Youngkin today announced that Hollingsworth & Vose (H&V), a global manufacturer of advanced materials used in filtration, battery, and industrial applications, will invest $40.2 million to expand its operation in Floyd County. The company will add over 28,000 square feet to its facility at 365 Christiansburg Pike Northeast to accommodate new production equipment to meet increased demand. Virginia successfully competed with Georgia for the project, which will create 25 new jobs.

“Hollingsworth & Vose has generated positive economic impact and job opportunities in Floyd County for more than four decades, and this significant investment further solidifies the company’s commitment to Virginia,” said Governor Glenn Youngkin. “Businesses with a long history of expansion in the Commonwealth offer powerful testimonials on why a Virginia location is a foundation for success, and we look forward to a continued partnership with H&V.”

“Hollingsworth & Vose has played a role in the success of Virginia’s advanced materials industry over the past 46 years, and we are thrilled to support this important corporate partner’s expansion in Floyd County,” said Secretary of Commerce and Trade Caren Merrick. “The company’s continued investment is a strong testament to the New River Valley’s strategic location and business-friendly environment, and we thank H&V for creating high-quality jobs in Floyd County.”

”[Hollingsworth & Vose]’s continued investment is a strong testament to the New River Valley’s strategic location and business-friendly environment, and we thank H&V for creating high-quality jobs in Floyd County.”
– Caren Merrick, Virginia Secretary of Commerce and Trade

“We’ve been a part of the Floyd, Virginia community since 1976. This facility is essential to serving both our global and domestic customers,” said Josh Ayer, CEO of H&V. “We chose Virginia for this expansion because of its positive business environment and strong support from the Commonwealth of Virginia and Floyd County.”

“We’ve been a part of the Floyd, Virginia community since 1976. This facility is essential to serving both our global and domestic customers. We chose Virginia for this expansion because of its positive business environment and strong support from the Commonwealth of Virginia and Floyd County.”
– Josh Ayer, Hollingsworth & Vose CEO

“We are delighted to continue to support Hollingsworth & Vose’s growth in Floyd County. Their new investment is over three times bigger than the largest private investment in our county’s 191-year history,” said Joe Turman, Chairman of the Floyd County Board of Supervisors.

“The Hollingsworth & Vose expansion will provide crucial jobs for our Floyd families and enable us to keep more of our families working here at home,” said Delegate Marie March. “We are a hard-working community and believe that this company understands the loyalty and dedication that workers here in SWVA bring to their business. I happily welcome this investment and expansion to our economy. Private enterprise ventures always reward and benefit our local community.”

With incorporation dating back to 1892 and headquartered in East Walpole, Massachusetts, H&V’s advanced materials contribute to a cleaner world through products that provide clean air, clean liquids, and energy storage. The company has been family-owned for seven generations. In 1976, H&V established its first Virginia facility in Floyd County and employs over 200 workers.

The Virginia Economic Development Partnership worked with Floyd County to secure the project for Virginia. Governor Youngkin approved a $558,700 grant from the Commonwealth’s Opportunity Fund to assist Floyd County with the project.

Read the Governor’s press release 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.

SWVA BioChar to Expand and Create 15 New Jobs in Floyd County

SWVA Biochar to Expand and Create 15 Jobs in Floyd County

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SWVA Biochar to invest $2.6 million, create 15 jobs in Floyd County

Governor Glenn Youngkin today announced that SWVA Biochar, a leading producer of premium biochar in the Southwest Virginia region, will invest $2.6 million to increase capacity at its operation in Floyd County. Biochar is a highly absorbent, specially produced charcoal with unique properties originally used as a soil amendment and is thought to be the key component in a carbon-negative strategy to resolve several current ecological challenges. The company will make updates to its facility at 209 Sams Road Southeast and add new equipment, including several new kilns. The project will create 15 new jobs.

“SWVA Biochar is creating an innovative product from biomass that has the potential to be applied to multiple industries while also making a positive impact on the environment,” said Governor Glenn Youngkin. “Startups and small businesses are critical to job creation, and this young company is benefitting from Virginia’s entrepreneurial ecosystem. We are doubling down to ensure an economy that encourages innovation and look forward to supporting SWVA Biochar’s future success in Floyd County.”

“Startups and small businesses are critical to job creation, and this young company is benefitting from Virginia’s entrepreneurial ecosystem. We are doubling down to ensure an economy that encourages innovation and look forward to supporting SWVA Biochar’s future success in Floyd County.”
– Governor Glenn Youngkin

“Virginia’s collaborative environment and skilled workforce bolster newer businesses like SWVA Biochar that are creating jobs for the future,” said Secretary of Commerce and Trade Caren Merrick. “As we work to catalyze the growth of startups across the Commonwealth, we celebrate SWVA Biochar’s success and are proud to support the company through the Virginia Jobs Investment Program.”

“Virginia’s collaborative environment and skilled workforce bolster newer businesses like SWVA Biochar that are creating jobs for the future.”
– Caren Merrick, Secretary of Commerce and Trade

“SWVA Biochar worked with expert partners at James Madison University and in Colorado to determine that demand for quality biochar is high along the East Coast and overseas in Great Britain and other European countries,” said Jack Wall, SWVA Biochar Manager. “Virginia’s plentiful, high-quality biomass resources to make biochar and biochar-infused compost, as well as the markets for biochar products around the Commonwealth, are unlimited. These resources, along with a vibrant agriculture environment and a skilled and available workforce, were an obvious recipe for a successful business made possible through the support and cooperative relationships we have in Virginia.”

Founded in 2021, SWVA Biochar produces highly absorbent, specially produced charcoal with a wide variety of environmentally positive applications and carbon sequestering properties. SWVA Biochar is committed to making a positive impact on the environment and playing a role in the reversal of climate change and utilizes a specialized manufacturing process that converts biomass into premium biochar material used for filtration systems and as a soil conditioner. The company’s biochar is produced using biomass obtained from Virginia companies.

The Virginia Economic Development Partnership will support SWVA Biochar’s job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens.

Read the Governor’s press release 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.

Phoenix Hardwoods to Expand and Create 8 Jobs in Floyd County

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~Artisan furniture manufacturer expands production, opens storefront in historic heart of the Town of Floyd~

RICHMOND – Governor Ralph Northam today announced that Phoenix Hardwoods, Inc., an artisan manufacturer of high-quality furniture and home goods made exclusively from Virginia-grown hardwoods, will expand its production facility in the county and open a new retail storefront in the historic Farmer Supply store in the heart of downtown Floyd.

The new retail and manufacturing space will enable the company to grow its product line, improve production efficiencies and better serve its customers. The project will create eight (8) career focused positions, lead to $100,000 in new capital investment and allow the company to purchase an additional $76,000 of Virginia-grown hardwoods over the next three years.

“Phoenix Hardwoods makes such beautiful furniture,” said Governor Ralph S. Northam. “Each piece displays the essence of the tree, sourced near Floyd, celebrating the Blue Ridge, and made right here at home in Virginia. Our team has worked hard over four years to bring business opportunities across Virginia, and we are working hard until the very end. We’ve pushed to recruit large, global companies to Virginia–attracting more than $80 billion in new investment and 100,000 new jobs–but we get really excited about the small, family-run Virginia companies, like Phoenix Hardwoods.”

“Phoenix Hardwoods makes such beautiful furniture. Each piece displays the essence of the tree, sourced near Floyd, celebrating the Blue Ridge, and made right here at home in Virginia.”
– Governor Ralph Northam

Established in 2002 by Bill and Corinne Graefe, Phoenix Hardwoods built its reputation through high-quality, artisan-crafted hardwood furniture and home goods. After nearly twenty-years in business, the founders were retiring and planning to close the company. In January 2020, longtime friends of the Graefe’s, Jeff and Annie Armistead, acquired the business. It was a perfect match with Jeff, a lifelong conservationist, and Annie, a local artist and gallery owner. Their desire was to continue what had become a loved and well-respected local business. They are passionate about retaining true handmade artisan craftsmanship which is rich in Floyd and part of the draw to this truly unique community. In addition to keeping the facility and retaining their team of talented young artisans, the company’s retail expansion into the Town of Floyd is breathing new life into the old Farmer’s Supply store, a Floyd landmark that opened in the 1930’s and closed in late 2020.

“As someone who grew-up in the Appalachian woodlands of Craig County, Virginia’s hardwood forests have always held a special place in my heart. I am thrilled that we are able to partner with a community like Floyd County to support a company like Phoenix Hardwoods as both appreciate Virginia’s hardwood resources as much as I do,” said Secretary of Agriculture and Forestry Bettina Ring. “As it is through a deep appreciation of our forests and the beautiful products that come from them, like those created by the artisans of Phoenix Hardwoods, that we are able to grow markets for Virginia’s forest landowners and support sustainable forest management and restoration of our forests.”

“As it is through a deep appreciation of our forests and the beautiful products that come from them, like those created by the artisans of Phoenix Hardwoods, that we are able to grow markets for Virginia’s forest landowners and support sustainable forest management and restoration of our forests.”
– Bettina Ring, Virginia Secretary of Agriculture and Forestry

The company saws, planes, and finishes local hardwood logs and lumber to handcraft fine live edge furniture and accessories. Their mission is to create high end generational pieces that become more valuable once they leave the shop. Their product assortment ranges from custom tables of all kinds beds, stools, chests, live edge mirrors, desks, kitchen goods, and home accessories. Moving the retail gallery to town will increase customer exposure and broaden their reach. Wholesale products, such as laser cut custom logo cutting boards, is a new and growing part of the business.

“As a lifelong conservationist, I’m overwhelmed and elated to receive this AFID grant,” said Phoenix Hardwoods President Jeff Armistead. “This will allow Phoenix Hardwoods to expand and continue our work with Virginia’s sustainable natural and human resources, trees, and jobs.”

The Virginia Department of Agriculture and Consumer Services (VDACS) worked with Floyd County and the Floyd County Economic Development Authority to secure this project for the Commonwealth. Governor Northam approved a $10,000 grant from the Governor’s Agriculture and Forestry Industries Development (AFID) Fund, which Floyd County will match with local funds.

“The Floyd County Board of Supervisors and the Floyd County EDA are excited about the expansion of Phoenix Hardwoods in the County,” said Floyd County Board of Supervisors Chairman Joe Turman. “This expansion by local entrepreneurs is bringing good job creation to our community and capitalizing on local craftsmanship and hardwoods.”

“This expansion by local entrepreneurs is bringing good job creation to our community and capitalizing on local craftsmanship and hardwoods.”
– Joe Turman, Floyd County Board of Supervisors Chairman

Office of the Governor
Contact: Alena Yarmosky
Email: Alena.Yarmosky@governor.virginia.gov

Virginia Department of Agriculture and Consumer Services
Contact: Michael Wallace
Email: michael.wallace@vdacs.virginia.gov

Phoenix Hardwoods, Inc.
Contact: Jeff Armistead
Email: jeff@phoenixhardwoods.net

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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.

VTCRC Announces New Lab Space and Collaboration with Johnson & Johnson

VTCRC Announces New Lab Space and Collaboration with Johnson & Johnson

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Brett Malone, President and CEO of the VTCRC, on December 15, 2021

Brett Malone, President and CEO of the Virginia Tech Corporate Research Center, at the announcement press conference on December 15, 2021. Photo courtesy of the VTCRC.

Montgomery County, VA – The Virginia Tech Corporate Research Center (VTCRC) announced today that GO Virginia has awarded the research park a grant to “fund the expansion of laboratory space and facilities aimed at supporting the region’s growing life science industry.” The VTCRC will develop a shared lab facility in Blacksburg with a coalition of stakeholders including Montgomery County, Carilion Clinic, and the City of Roanoke. These stakeholders will also design a larger facility in Roanoke.

The shared lab space facility at the VTCRC in Blacksburg will be called COgro LABS and “is designed with 25 accessible lab spaces in a turn-key facility. The facility will help meet a need for flexible lab space from small- to early-stage companies, making starting and building a biotech company a little bit easier.”

“Through collaborations, we aim to fill the demand from biotechnology companies and provide full access needed to support research to commercialization aspirations. Our sophisticated infrastructure makes us a research destination across industries and for everyone from startups to enterprise companies.”
– Brett Malone, President & CEO of the Virginia Tech Corporate Research Center

In addition to this new lab space, the VTCRC has established a new collaboration with Johnson & Johnson LLC to “provide early-stage innovators in the region with access to their virtual residency program which includes expert mentoring, programming and resources offered through Johnson & Johnson Innovation – JLABS.” Up to five companies will be selected by JLABS and the VTCRC to participate in the JLABS virtual residency program during the first year of the collaboration.

“Montgomery County is pleased to provide support to this partnership, which demonstrates our commitment to biotechnology growth in the New River and Roanoke Valleys. We look forward to working with the Virginia Tech Corporate Research Center and the Fralin Biomedical Research Institute to promote recognition for our region as a biotechnology hub.”
– Craig Meadows, County Administrator for Montgomery County.

The VTCRC’s new shared lab space and its collaboration with Johnson & Johnson will enhance opportunities for biotech companies and startups in Virginia’s New River Valley.

Read the press release about this exciting announcement from the VTCRC here.

Learn more about COgro LABS and the VTCRC here.

Learn more about industries in Virginia’s New River Valley 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.

Patton Logistics Group to Expand and Create 63 New Jobs in Pulaski County

Patton Logistics Group to Expand and Create 63 New Jobs in Pulaski County

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~ The Patton Logistics Group to invest $11 million to expand trucking, logistics, and warehousing operation ~

RICHMOND — Governor Ralph Northam today announced that The Patton Logistics Group will invest $11 million to expand its trucking, logistics, and warehousing operation in the New River Valley Commerce Park in Pulaski County. The company will expand its newly-constructed 250,000-square-foot logistics center by an additional 150,000 square feet. This expansion will include a trucking operations and maintenance center that will provide the infrastructure to support a future investment in electric trucks. Virginia successfully competed with Pennsylvania for the expansion project, which will create 63 new jobs. Secretary of Commerce and Trade Brian Ball attended the announcement today in Dublin, Virginia.

“The Patton Logistics Group has become a significant employer in Pulaski County and the New River Valley since they came to Virginia two years ago,” said Governor Northam. “The Commonwealth’s extensive infrastructure networks, business-friendly environment, and dependable and skilled workforce provide companies like Patton with the tools they need to succeed and are just a few of the reasons why Virginia is the best state for business. We are excited to support Patton’s growth in Southwest Virginia.”

The Patton Logistics Group is comprised of three affiliate companies employing over 150 people in Virginia, where its Pulaski County facility serves as a critical hub for major clients in the Eastern United States markets. Watsontown Trucking Company is a family-owned-and-operated asset-based motor carrier founded in 1941. Nationwide, they operate a fleet of 450 trucks and 1,400 trailers. Patton Logistics, LLC was organized in 2013 as an affiliated entity of Watsontown Trucking Company to provide transportation brokerage and third-party logistics services for its expanding customer base. Patton Warehousing, LLC was formed in 2015 and currently manages 2.5 million square feet of warehouse space in Pennsylvania, Ohio, New Jersey, and Virginia. The Patton Logistics Group management team has over 200 years of combined transportation and logistics knowledge and provides integrated supply chain solutions ranging from motor carrier transportation, warehousing, distribution services, logistics, and brokerage sourcing.

“Patton Logistics Group’s substantial investment to expand its operation in the New River Valley is welcome news for Southwest Virginia,” said Congressman Morgan Griffith. “I applaud the efforts of all those involved to make this possibility a reality, resulting in more jobs and a boost to Pulaski’s economy.”

“The Patton Logistics Group’s second major expansion to its Pulaski County facility after only four months in operation demonstrates how highly companies value Virginia’s strategic location and sophisticated transportation infrastructure,” said Secretary of Commerce and Trade Brian Ball. “Patton’s reinvestment solidifies the Commonwealth’s position as a premier supply chain destination and is a testament to the New River Valley’s strengths in this sector. We look forward to continuing our partnership with the company as they grow in the region.”

“Our major expansion into Pulaski County in 2020 was the result of our confidence in the people of Southwest Virginia to perform various supply chain solutions for our clients at a new logistics center,” said Steve Patton, President of The Patton Logistics Group. “That confidence has only grown, and just four months into this endeavor, we have decided to expand. I thank my coworkers in Dublin for their hard work in getting this operation off the ground. The close proximity to major Interstates 81 and 77 has proven invaluable to our trucking company and has spurred this significant investment for a new trucking operations center. We are excited about our future in Southwest Virginia.”

The Virginia Economic Development Partnership worked with Pulaski County, Virginia’s First Regional Industrial Facility Authority, and Onward New River Valley to secure this project for Virginia. Governor Northam approved a $225,000 grant from the Commonwealth’s Opportunity Fund to assist Pulaski County with the project. Patton Logistics is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Funding and services to support the company’s job creation will be provided through the Virginia Jobs Investment Program.

“Patton Logistics is one of the newest members of our esteemed business community, so to see the company rapidly expand operations in Pulaski County gives us great confidence in its strong commitment to serve the logistics needs of the region,” said Joseph Guthrie, Chairman of the Pulaski County Board of Supervisors. “We are honored to be the home of the New River Valley Commerce Park within the County, and will continue to work with the Commonwealth and our fellow member jurisdictions to help shape the New River Valley into a premier manufacturing and distribution region by supporting the expansion plans of key industrial partners like Patton Logistics.”

“On behalf of the 11 localities that participate in Virginia’s First Regional Industrial Facility Authority, we want to once again welcome Patton as they embark on their second expansion in two years,” said Mary Biggs, Chair of Virginia’s First Regional Industrial Facility Authority. “We believe that there is no better place in the world to build and expand than the New River Valley Commerce Park. Patton, in a short amount of time, has become an important part of the industrial infrastructure of our region.”

“Patton Logistics Group’s continued investment in the New River Valley signifies the confidence companies have in our region’s workforce, business climate, and infrastructure,” said Scott Blankenship, Chairman of Onward NRV. “The substantial investment and job creation will not only positively impact Pulaski County, it will ripple throughout the regional economy. We look forward to Patton Logistics’ continued growth and success.”

“This expansion by Patton Logistics Group is great news for Pulaski County, and a tremendous example of the competitive value that Southwest Virginia offers to new and existing companies,” said Senator Travis Hackworth. “I congratulate the company on their investment and wish them great success.”

“The Patton Logistics Group’s expansion in Pulaski is not just an investment in the New River Valley, but an investment in Southwest Virginia,” said Delegate Nick Rush. “I extend my personal well-wishes to their entire team and look forward to the Group’s continued success.”

Office of the Governor
Contact: Alena Yarmosky
Email: Alena.Yarmosky@governor.virginia.gov

Virginia Economic Development Partnership
Contact: Suzanne Clark
Email: sclark@vedp.org

Patton Logistics, LLC
Contact: Thierry Lindor
Email: tlindor@pattonwarehousing.com
Phone: (215) 203-2105

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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.

Xaloy Reopens Pulaski Manufacturing Facility and Creates 35 Jobs

Xaloy to Reopen Pulaski Manufacturing Facility and Create 35 Jobs

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~ Manufacturer to move bimetallic barrel manufacturing operation from Ohio back to Virginia and create 35 new jobs ~

RICHMOND—Governor Ralph Northam today announced that Xaloy, a leading manufacturer of plastic processing components for injection and extrusion machinery, will move its barrel manufacturing operation from Ohio back to Virginia and reopen its former facility in Pulaski County. The company will invest $1.75 million in its 100,000-square-foot, 30-acre site at 102 Xaloy Way in the Town of Pulaski to produce bimetallic barrels for a wide range of applications in the plastics manufacturing industry. Virginia successfully competed against Ohio for the project, which will retain seven jobs and create 35 new jobs.

In 2016, Xaloy closed its Pulaski plant and moved the majority of the facility’s manufacturing and positions to Austintown, Ohio. With the return of its barrel manufacturing functions to Pulaski County, the company will rehire a number of former employees familiar with Xaloy’s specific machinery.

“Our workforce is one of the key reasons Virginia is America’s Top State for Business and the return of Xaloy is proof positive that our pipeline of skilled talent is unmatched,” said Governor Northam. “It was a priority to regain this important employer in Pulaski, and securing this important project demonstrates the value of collaboration in driving economic opportunity and building long-term corporate partnerships.”

Founded in 1929, Xaloy is a global leader in high-performance machinery components and equipment for the plastics industry. The company has one of the largest screw and barrel design portfolios, world-class manufacturing capabilities, and a global sales and customer support team. Xaloy’s deep technological and engineering expertise has helped improve quality and throughput for plastics processors. Among the company’s accomplishments is inventing the first tungsten carbide barrel to withstand extreme wear and corrosive environments. Xaloy was acquired by Altair Investments in February 2021.

“One of Virginia’s greatest business assets is our exceptional workforce, and we are proud to support Xaloy’s return to Pulaski County,” said Secretary of Commerce and Trade Brian Ball. “The company’s investment will strengthen the Commonwealth’s position as a leader in advanced manufacturing, and we are committed to facilitating Xaloy’s success here any way we can.”

“With the increase in demand we were reaching capacity with our twin-barrel line in Austintown, and moving that business back to Pulaski was contingent on being able to hire the right people and do it quickly,” said Xaloy CEO Kamal K. Tiwari. “When we decided to reopen the Pulaski site, we turned to former employees to get the facility back in operation. Nearly all 20 of the initial workforce consists of former Pulaski Xaloy workers, bringing with them decades of experience. To have a group of people who could bring this level of knowledge and experience and loyalty to the table was critical. With the support of the Governor, state and local officials, and everyone who wanted to see manufacturing in this community back on its feet, we’re happy to have been able to bring those hopes to fruition.”

“The Pulaski plant reopening reunites Xaloy with a highly skilled, hard-working, and dedicated workforce with decades of experience making the complex products we offer,” said Altair Investments partner Andrew Brickman. “The plant provides good access to many major thoroughfares. We intend to grow our presence in the end markets this plant serves, so we hope this is only a first step in further expansion of the workforce and the facility.”

The Virginia Economic Development Partnership worked with Pulaski County, the Town of Pulaski, and Onward New River Valley to secure the project for Virginia. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, as well as local incentives from Pulaski County and the Town of Pulaski.

“This project is especially meaningful to Pulaski County because of what the return of Xaloy fully represents,” stated Pulaski County Administrator Jonathan D. Sweet. “For this world-class manufacturer to return to Pulaski County and restart their operations here, it effectively demonstrates that our workforce is second-to-none and that there is no better community for this industry leader to call home. We are extremely grateful for Xaloy’s renewed commitment to the County, and the Board of Supervisors and Economic Development Authority look forward to a strong and successful partnership for many years to come.”

“We are overwhelmingly excited to welcome Xaloy back to our community and are proud of the recognition the local workforce in the Town of Pulaski has received through this process,” said Town of Pulaski Mayor Shannon Collins.

“Xaloy has decades of rich history in the Town of Pulaski and we are thrilled they are returning home,” said Pulaski Town Manager Darlene Burcham. “We applaud the dedication, loyalty, and responsiveness of the citizens in the Town who were formerly employed at the plant and were key factors in the decision-making process. The Town of Pulaski is committed to fully supporting Xaloy as they restart operations and is excited for the future success generated from this catalyst.”

“The New River Valley welcomes Xaloy back to Pulaski,” said Charlie Jewell, Executive Director of Onward New River Valley. “Their decision to bring manufacturing back to the New River Valley speaks volumes about the quality of our workforce and the supportive community they have in Pulaski County and the Town.”

“When I delivered for FedEx a number of years ago, I warmly remember a sign that greeted everyone who entered Xaloy: ‘Through these doors walk the world’s greatest barrel makers,’” said Delegate L. Nick Rush. “The return of Xaloy to Pulaski County means that barrel manufacturing professionals and Southwest Virginia will benefit greatly from having this specialty trade return to our region. I send my warmest congratulations to Xaloy on its exciting news and to the Virginia Economic Development Partnership, Pulaski County, Town of Pulaski, and Onward New River Valley, whose collaborative efforts made this initiative possible. And, most importantly, I look forward to the world’s best barrel makers walking through those doors once again.”

Office of the Governor
Contact: Alena Yarmosky
Email: Alena.Yarmosky@governor.virginia.gov

Virginia Economic Development Partnership
Contact: Suzanne Clark
Email: sclark@vedp.org

Xaloy
Contact: Babita Sharma
Email: bsharma@altairinvestmentsinc.com
Phone: (860) 990-8521

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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.

Oransi to Establish First Manufacturing Facility and Create 101 New Jobs in Radford

Oransi to Establish First Manufacturing Facility and Create 101 New Jobs in Radford

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~ Oransi will invest $5.6 million to develop and manufacture new product line ~

RICHMOND — Governor Ralph Northam today announced that Oransi, a veteran-owned air purification company, will invest $5.6 million to establish its first manufacturing facility in the Plymouth Building at 113 Corporate Drive in the City of Radford. The operation will focus on developing and manufacturing the company’s best-in-class air purifiers for consumers, businesses, and professionals in the health, dental, and medical fields. Virginia successfully competed with North Carolina for the project, which will create 101 new jobs.

“Our focus on developing a well-trained, reliable workforce continues to yield new jobs and investment as innovative companies like Oransi choose to grow their companies in Virginia,” said Governor Northam. “The New River Valley boasts higher education institutions and training programs that will ensure a steady talent pipeline for Oransi now and into the future. We are thrilled to welcome this veteran-owned company to our Commonwealth and remain confident that we have the infrastructure and business environment to support their success here.”

“The New River Valley boasts higher education institutions and training programs that will ensure a steady talent pipeline for Oransi now and into the future. We are thrilled to welcome this veteran-owned company to our Commonwealth and remain confident that we have the infrastructure and business environment to support their success here.”
– Governor Ralph Northam

Founded in 2009 as an engineer’s quest to find a better indoor air quality solution for the founder’s young asthmatic son, Oransi has evolved to become a leading air purification company designing some of the most efficient and intuitive products on the market. Based in Raleigh, North Carolina, the business is managed by a team of executives and engineers with decades of experience in the air quality industry.

“We are excited that Oransi has decided to put down roots in the New River Valley,” said Secretary of Commerce and Trade Brian Ball. “The Plymouth Building provided an infrastructure-ready solution that will allow the company to be up and running quickly, and we are certain the region’s renowned workforce will meet Oransi’s needs from development to manufacturing.”

“Oransi is very pleased to establish its first manufacturing facility in the City of Radford to develop and manufacture our best-in-class air purifiers,” said Peter Mann, CEO and Founder of Oransi. “We selected the location because of the exceptional local engineering talent pool that will support our continued growth, while inspiring innovation, creativity, and collaboration. We hope to provide one of the best employee experiences in the New River Valley.”

“Oransi is very pleased to establish its first manufacturing facility in the City of Radford to develop and manufacture our best-in-class air purifiers. We selected the location because of the exceptional local engineering talent pool that will support our continued growth, while inspiring innovation, creativity, and collaboration. We hope to provide one of the best employee experiences in the New River Valley.”
– Peter Mann, CEO and Founder of Oransi

The Virginia Economic Development Partnership worked with the City of Radford and Onward New River Valley to secure the project for Virginia. Governor Northam approved a $50,000 grant from the Commonwealth’s Opportunity Fund to assist the City of Radford with the project. Oransi is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Funding and services to support the company’s employee recruitment and training activities will be provided through the Virginia Jobs Investment Program.

“We are pleased to welcome Oransi’s first manufacturing facility to the City of Radford,” said Kim Repass, Economic Development Director for the City of Radford. “We look forward to supporting the company’s growth as it provides quality jobs and significant investment. Radford continues to be a leader in the manufacturing industry for our region and the Commonwealth.”

“We are pleased to welcome Oransi’s first manufacturing facility to the City of Radford. We look forward to supporting the company’s growth as it provides quality jobs and significant investment. Radford continues to be a leader in the manufacturing industry for our region and the Commonwealth.”
– Kim Repass, Economic Development Director for the City of Radford

“This is great news for our region and the continued growth of its advanced manufacturing sector,” said Charlie Jewell, Executive Director of Onward New River Valley. “On behalf of our region, we congratulate Oransi on locating its first manufacturing facility in the City of Radford, and we look forward to supporting its long-term success here in Virginia’s New River Valley.”

“I am beyond thrilled that Oransi chose Radford to open its first manufacturing facility,” said Delegate Chris Hurst. “The veteran-owned manufacturing facility is exactly the type of business the New River Valley attracts. Offering a diverse range of resources, exceptional educational opportunities, and a qualified workforce, this not only a great place for businesses to thrive, but also for their employees to live.”

Office of the Governor
Contact: Alena Yarmosky
Email: Alena.Yarmosky@governor.virginia.gov

Virginia Economic Development Partnership
Contact: Suzanne Clark
Email: sclark@vedp.org

RPR Public Relations, Inc.
Contact: Ria Romano
Email: rromano@romanopr.com
Phone: (786) 290-6413

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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.

Moog Inc. to Expand and Create 75 New Jobs in Christiansburg

Moog Inc. to Expand and Create 75 New Jobs in Christiansburg

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~ Company to invest $10.7 million to relocate operations to larger facility in Christiansburg ~

RICHMOND—Governor Ralph Northam today announced that Moog Inc. (NYSE: MOG.A and MOG.B), a designer and manufacturer of high-performance motion control products and solutions, will invest $10.7 million to transfer existing jobs and equipment from one of its Blacksburg facilities to a larger building in the Falling Branch Corporate Park in Montgomery County. The company will have an additional 80,000 square feet at its new operation in Christiansburg to accommodate increased customers and demand and focus on production of its slip ring products for the industrial marketplace. Virginia successfully competed with multiple states for the project, which will create 75 new jobs.

“Moog is an important partner in the Commonwealth, and it is exciting to see the company grow its capabilities in Montgomery County,” said Governor Northam. “The New River Valley has outstanding institutions of higher education and a world-class workforce, and Moog’s continued investment is a testament to these assets. We are confident that this expansion will propel the company and the Commonwealth’s aerospace industry forward.”

“The New River Valley has outstanding institutions of higher education and a world-class workforce, and Moog’s continued investment is a testament to these assets. We are confident that this expansion will propel the company and the Commonwealth’s aerospace industry forward.”
-Governor Ralph Northam

Headquartered in East Aurora, New York, Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. The company’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, and marine and medical equipment. Founded over 65 years ago with only a few employees, Moog now operates in 26 countries. Moog maintains a large presence in Virginia, with multiple locations totaling more than 1,200 employees.

“Virginia’s aerospace sector is strong, and Moog is a valuable contributor to our leadership position in this sector,” said Secretary of Commerce and Trade Brian Ball. “We are proud that the company develops revolutionary aerospace technology from its growing operations in Montgomery County. This announcement, and the creation of 75 high-quality jobs, represents an important step forward as we work to rebound from this global health crisis.”

“Moog is excited to be expanding in Virginia and Montgomery County, in particular,” said Janet Byrne-Safier, Vice President of Moog’s Power and Data Sector. “As we look to support our growing business in established and new markets, the focus has been on developing geographic centers of excellence with ready access to a diverse talent pool. Moog places emphasis on retaining and developing its current workforce and new employees. Moog appreciates the assistance and cooperation of Montgomery County and the Virginia Economic Development Partnership and its Virginia Jobs Investment Program in this endeavor.”

“Moog is excited to be expanding in Virginia and Montgomery County, in particular. As we look to support our growing business in established and new markets, the focus has been on developing geographic centers of excellence with ready access to a diverse talent pool. Moog places emphasis on retaining and developing its current workforce and new employees.”
-Janet Byrne-Safier, Vice President of Moog’s Power and Data Sector

The Virginia Economic Development Partnership (VEDP) worked with Montgomery County to secure the project for Virginia and will support Moog’s job creation through the Virginia Jobs Investment Program (VJIP). VJIP provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens.

Moog was recently selected to participate in VEDP’s award-winning Virginia Leaders in Export Trade (VALET) Program. VALET is an application-based, two-year global export acceleration program that provides participating companies with assistance from a team of experienced international service providers to help meet their export goals.

“When an existing company not only decides to stay in our community, but also flourishes to the point of expansion, well, that’s when we know that we are all doing something right,” said Chair of the Montgomery County Board of Supervisors Steve Fijalkowski. “Moog is a growing global company with a strong history in developing advanced technologies. We’re proud that they are a part of Montgomery County.”

“Moog’s exciting news of expansion into Christiansburg is a great example of economic achievement through the hard work of a talented and committed workforce,” said Delegate Nick Rush. “I extend my personal congratulations and appreciation to Moog for its local, regional, and global contributions, along with best wishes for continued success.”

Office of the Governor
Contact: Alena Yarmosky
Email: Alena.Yarmosky@governor.virginia.gov

Virginia Economic Development Partnership
Contact: Suzanne Clark
Email: sclark@vedp.org

Moog Inc.
Contact: Cynthia White
Email: cwhite@moog.com
Phone: (540) 443-4730

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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.

Torc Robotics to Invest $8.5 Million and Create 350 New Jobs in Blacksburg

Torc Robotics to Invest $8.5 Million and Create 350 New Jobs in Blacksburg

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~ Self-driving vehicle pioneer to invest $8.5 million to grow software development operations ~

Montgomery County, VA – Governor Ralph Northam today announced that Torc Robotics, a Blacksburg-based leader in self-driving vehicle systems, will invest $8.5 million to expand its software development operations in Montgomery County. The company will establish an additional facility at the Virginia Tech Corporate Research Center in close proximity to its current operation in the Blacksburg Industrial Park. Virginia successfully competed with North Carolina and Texas for the project, which will create 350 new jobs.

“This region’s talented workforce can help forward-looking tech companies grow, and Torc Robotics is demonstrating that by creating 350 new jobs in Montgomery County,” said Governor Northam. “Self-driving technology is a booming sector, and Torc has been at the forefront of the industry since its founding. We thank the company for this significant investment in our Commonwealth, which comes at a critical point in our economic recovery, and we look forward to their continued entrepreneurship and innovation in the New River Valley.”

“This region’s talented workforce can help forward-looking tech companies grow, and Torc Robotics is demonstrating that by creating 350 new jobs in Montgomery County.”
– Governor Ralph Northam

Torc Robotics was established in Blacksburg—at the birth of the self-driving vehicle revolution—by a team of Virginia Tech students who, after winning multiple robotics challenges, decided to commercialize their technology. The company has 15 years of experience in pioneering safety-critical, self-driving applications. This expansion supports Torc’s effort to develop self-driving trucks with Daimler Trucks—the global market-share leader. While consumers dream of self-driving cars, industry leaders expect long-haul trucks will be the first vehicles to fully utilize the technology due to simpler driving environments and a stronger business case. Today, vehicles using Torc’s self-driving technology operate on multiple continents. In 2019, Torc joined the Daimler Trucks family and now employs about 175 people.

“As a homegrown Virginia company in Montgomery County, Torc Robotics is a tremendous example of the success startup technology businesses can achieve in the Commonwealth,” said Secretary of Commerce and Trade Brian Ball. “The company is pioneering a niche market that has gained a lot of momentum, and the impressive talent pipeline from Virginia Tech combined with the New River Valley’s strong workforce will continue to support Torc’s growth as an industry leader.”

“The company is pioneering a niche market that has gained a lot of momentum, and the impressive talent pipeline from Virginia Tech combined with the New River Valley’s strong workforce will continue to support Torc’s growth as an industry leader.”
– Secretary of Commerce and Trade Brian Ball

Torc Robotics is a 2013 graduate of VEDP’s award-winning Virginia Leaders in Export Trade (VALET) Program. VALET is an application-based, two-year global export acceleration program that provides participating companies with assistance from a team of experienced international service providers to help meet their export goals.

“Trucking is the backbone of the U.S. economy, delivering food and products to every community,” said Torc Robotics CEO Michael Fleming. “We greatly appreciate Virginia’s support of our mission to save lives and our innovative partnership with Daimler—the inventor of the truck—to commercialize self-driving trucks and make our roads safer. We selected the Commonwealth for its workforce culture and regulatory climate. In our experience, people in the region stay with companies for the long-term. Commercializing self-driving trucks is a marathon—not a sprint, and requires a long-term commitment from companies, investors, and employees. Virginia policy enables us to test our vehicles on public roads, which is critical to bringing this technology to market. Virginia has provided the opportunity to rapidly develop and test in unique environments and weather conditions, ranging from summer heat to winter snow.”

“In our experience, people in the region stay with companies for the long-term. Commercializing self-driving trucks is a marathon—not a sprint, and requires a long-term commitment from companies, investors, and employees.”
– Michael Fleming, Torc Robotics CEO

The Virginia Economic Development Partnership (VEDP) worked with Montgomery County and Onward New River Valley to secure the project for Virginia. Governor Northam approved an $800,000 grant from the Commonwealth’s Opportunity Fund to assist Montgomery County with the project. The Governor also approved $3.5 million in funds from the Virginia Economic Development Incentive Grant (VEDIG). VEDIG was established as a self-funded program of performance-based incentives that the Commonwealth awards to exceptional economic development projects with large numbers of employees and very high wages relative to average wages for that particular area.

Support for Torc Robotics’ job creation will be provided through the Virginia Talent Accelerator Program, a workforce initiative created by VEDP in collaboration with the Virginia Community College System, with funding support from the Northam administration and the Virginia General Assembly. Launched in 2019, the program accelerates new facility start-ups through the direct delivery of recruitment and training services that are fully customized to a company’s unique products, processes, equipment, standards, and culture. All program services are provided at no cost to qualified new and expanding companies as an incentive for job creation.

“Torc Robotics continues to be a valued and integral part of our business community,” said Montgomery County Board of Supervisors Chair Steve Fijalkowski. “We are very excited to have Torc Robotics commit to new investments, innovations, and technology development in Montgomery County, where they can benefit from our community’s skilled and talented workforce.”

“Torc Robotics is emblematic of the exciting work being done in the New River Valley and the major contributions Virginia Tech graduates are making to the economy of our Commonwealth,” said Senator John S. Edwards. “Virginia is on the cutting edge of our nation’s transforming infrastructure thanks to companies like Torc. I look forward to many future successes from them.”

“We are thrilled that Torc continues to expand its investment in Montgomery County,” said Delegate Chris Hurst. “We take great pride in the burgeoning innovation and technology sector in New River Valley that continues to attract and retain a talented workforce. Torc’s continued growth will pave the way for future investments in Montgomery County and Southwest Virginia as a whole.”

Office of the Governor
Contact: Alena Yarmosky
Email: Alena.Yarmosky@governor.virginia.gov

Virginia Economic Development Partnership
Contact: Suzanne Clark
Email: sclark@vedp.org

Torc Robotics
Contact: Eileen Quirk Baumann
Email: press@torc.ai
Phone: (540) 953-0073

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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.