technology, new river valley, Virginia

Blocksburg Summit: Block Chain and Beyond

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Blacksburg, VA – For nearly 150 years, Virginia Tech has served as a connection hub of diverse-minded thinkers, leaders, technologists and inventors. In keeping with this tradition, Blocksburg Summit 2019 will bring blockchain thought leaders from around the world to the Virginia Tech Campus to engage in conversations at the intersection of technology, research, regulation, policy, and economics in commercial enterprises, government, and education.

Blockchain innovators, academic experts, and policy makers from across the globe will:

  • Lead and facilitate panel forums
  • Host fireside chats
  • Support breakout sessions to discuss the political, economic, and social implications of this disruptive technology

    • Attendees will hear from blockchain thought leaders while participating in an extraordinary networking event aimed at understanding the challenges and opportunities of a blockchain future.

    This event, part of the Virginia Tech Blockchain Initiative led by Computer Science, is designed to catalyze commonwealth, federal, and private collaboration on blockchain technologies in service to the international community. Early registration deadline is October 4th; with the final registration deadline on November 4.

    Speaker Lineup:
    Hester Peirce, Commissioner on the Securities and Exchange Commission
    Amy Davine Kim, Global Policy Director and General Counsel at the Chamber of Digital Commerce
    Dan Larimer, Chief Technology Officer of Block.one

    REGISTER TODAY

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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.

    VT Corporate Research Center Plans to Open Co-Working Workspace

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    BLACKSBURG, VA – The Virginia Tech Corporate Research Center (VTCRC) will soon be home to a unique and innovative co-working community, called COgro. COgro is a community of entrepreneurs, professionals, remote workers, early stage and startup companies, trailing spouses, temporary staff, and companies in transition to permanent spaces at the VTCRC to conduct business.
    “The research park serves as the perfect location for entrepreneurs and established business owners in an environment like no other. There isn’t a business or industry that we are targeting, but instead we want to house those who are passionate about what they do and looking for an environment that inspires.” says Dawn Myers CPM, Chief Operating Officer.
    COgro will offer a flexible workspace with many amenities such as free parking, Wi-Fi, 17 conference rooms, HUBZone designation, weekly snacks, unlimited coffee, tea, and flavored waters, networking and training events; access to copy, print, fax, and scan machines; recreation areas and leagues; and all the other amenities and benefits that employees of the research park receive. “We are excited about the grand opening, October 1, 2019 and the impact this will have on the region. The co-working community will house 64 members in unreserved and reserved workstations and two-and four-person offices. Leasing is now available for those looking to be part of a co-working environment that goes beyond the basic needs of a desk and chair.” Said Joe Meredith, Ph.D., President and CEO Construction is set to begin this month and after the October 1st opening, the VTCRC will host two celebrations: Private Media/Press Open House | Tuesday, October 8 at 2:00 p.m. Ribbon Cutting Ceremony | Wednesday, October 9 at 11:30 a.m.
      Hosted by the Montgomery County Chamber of Commerce
    Stop by to tour the space, check out the unique spaces, and meet others from the community.
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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.

    Onward NRV Launches IT Industry Hub Initiatives

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    Virginia’s New River Valley is an emerging hub for information technology. The NRV is home to over 80 companies with more than 1,600 IT-related jobs specializing in blockchain, cybersecurity, software development, IT support services, and digital creative. Over the past five years, the region has experienced an astounding 29% job growth with over 700 jobs postings just in the past year. With exceptional educational programs at our local universities, Virginia Tech, Radford University, and New River Community College, the NRV is producing some of the best IT workforce in the country who can flourish here, in a region with excellent quality of life and low cost of living. The industry thrives here in our collection of downtowns, outdoor recreation opportunities, and a large presence of grassroots meet-up groups for IT professionals.

    Earlier this year, Onward NRV launched its IT Hub Initiative as part of its Onward 2023 five-year economic development strategy for the region. The goal of the initiative is to establish the New River Valley as a nationally recognized hub for IT companies and professionals. Through the initiative, Onward NRV has begun hosting biannual IT Leaders Summits to engage business leaders in supporting and growing the industry.

    Onward NRV also recently released an IT Hub Branding video and developed a new section of its website devoted to telling the story of IT in the NRV. The video showcases why the NRV is a great place to work in IT from the quality of life assets, to innovation that comes from the existing industry hub, to the supportive IT culture. A variety of companies are featured through-out the video providing testimonials reinforcing the benefits of IT in the NRV.

    In Virginia’s New River Valley, opportunity is abundant and creativity is embraced. Here we’re building tools to protect nations, currencies, and families. We’re creating new experiences, platforms, and technical communities. We’re supporting advanced systems, enterprises, infrastructure, and networks. “If you’re talking to your next-door neighbor, it’s not necessarily about borrowing a lawn mower. But It’s about the autonomous car that their working on or about the blockchain technology, and it gets everybody feeding this variety of ideas and it supports innovation through-out every company in the region.”This is a great time to be in IT in the NRV.Learn more about working and doing business in the NRV www.theNRV.org/IT

    Posted by Virginia's New River Valley on Thursday, August 29, 2019

    The targeted industry page for IT features Do Business, Work Here, and Live Here components to support companies and professionals looking to work in IT in the NRV. The Do Business page focuses on access to talent with two universities and one community college in the region as well as low operating costs. While the Work Here page shows the buying power of IT professionals in the NRV and the IT culture that has been established by the grassroots community groups. The Work Here page also provides a portal to specifically search for IT jobs in the New River Valley.

    Explore the industry pages at www.theNRV.org/IT.

    The Industry Hub video and target industry page are just the first step to creating resources to showcase the region as well as exhibiting the New River Valley as an emerging IT hub. The pages will continue to evolve to include internship opportunities, a relocation guide, and more. Onward NRV is also creating Employer Spotlight videos to demonstrate the variety of IT companies and job opportunities available in the NRV. These videos will provide insight from employees at all levels as to why they chose to live, work, and do business in Virginia’s New River Valley.

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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 and Daimler

    Torc Robotics Announces New Jobs and Expansion in Blacksburg

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    Blacksburg, VA – Torc Robotics announces building expansion ground breaking at their Blacksburg headquarters to accommodate their growing team. Torc Robotics, a leader in self-driving vehicle systems, broke ground mid-August on a new headquarters expansion that will almost double the existing space. The 15,800-square-foot addition will serve Torc’s growing team, which is expected to expand significantly with Daimler Trucks’ pending acquisition of a majority stake in the Blacksburg-based company. Torc and Daimler Trucks, a division in the Daimler Group, the inventor of the truck and world’s largest manufacturer of heavy and medium trucks, recently announced that they would be joining forces in a one-of-a-kind combination to commercialize highly automated trucks (SAE Level 4) on U.S. roads. This acquisition, combined with Torc’s expanding commercial capabilities and additional strategic partnerships, is contributing to Blacksburg’s growing national reputation for technology prowess. This livable, high-tech community is home to hundreds of innovative technology firms, specializing in information technology, unmanned systems, biosciences, advanced manufacturing and more. The region is free from brutal commutes and high housing costs found in many tech hubs. Once the acquisition is complete, Torc will be part of the newly established Autonomous Technology Group—part of Daimler Trucks’ global effort to put highly automated trucks onto the roads within a decade. Torc will remain a separate entity, retaining its name and expanding its team, existing customer base and facilities in Blacksburg.
    “A larger team will position us to meet the growing demand of our customers in the self-driving space and engage the trucking market. We are a passionate, tightly-knit team, motivated to save lives and transform transportation. We are looking forward to adding new Torc’rs.” – Michael Fleming, CEO of Torc
    Torc’s current job openings include positions in active sensing and information fusion, self-driving behaviors, path planning, systems engineering, vehicle safety and testing, senior-level management, planning and operations. The forthcoming two-story building, which will accommodate the surge of new employees, will include offices, community rooms, garage bays and parking. It is expected to be completed by March 2020.
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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.
    1901 Group

    1901 Group Officially Breaks Ground on Blacksburg Expansion

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    Blacksburg, VA – 1901 Group, the Virginia Tech Corporate Research Center (VTCRC), and local leaders all join to celebrate the groundbreaking of 1901 Group’s Enterprise IT Operations Center (EITOC) expansion in Blacksburg, VA. The VTCRC will be building 1901 Group’s 45,000 square foot EITOC to provide a state-of-the-art Operations Center to support 1901 Group’s continued growth of cloud, cybersecurity, and managed services business. The expansion of the new EITOC building coincides with 1901 Group’s 10th anniversary and its’ mission to drive sustainable high-tech jobs in rural America. “1901 Group worked with the VTCRC to design the facility to support our rapid growth in the public sector. The layout and configuration are specifically designed for customers seeking substantial performance gains via innovative services to help them assess, migrate, and optimize their mission-critical applications through cloud computing and IT delivered “as a service”, said Paul Wilkinson, EVP 1901 Group. “1901 Group’s new Enterprise IT Operations Center in Montgomery County adds to the region’s economic momentum and booming technology sector,” said Governor Northam. “The company’s decision to expand its presence into rural Virginia speaks volumes about the area’s low operating costs, quality of life, and skilled workforce that continue to attract forward-thinking IT companies. We thank 1901 Group for investing in Montgomery County, and look forward to the company’s future success in the Commonwealth.” “The VTCRC is proud to have played a role in the 1901 Group’s expansion. Their commitment to excellence has enabled them to successfully demonstrate that they can hire, attract, train, and retain outstanding employees in this region.” Joe Meredith, Ph.D., VTCRC President and CEO. “For ten years, the 1901 Group has been providing high-quality IT services, including the kind of cybersecurity protections that are crucial in safeguarding against ever-changing threats and vulnerabilities online,” said Sen. Mark R. Warner. “I am glad to see that 1901 Group will be able to keep investing in the Blacksburg community and continue to create the kind of sustainable, high-tech jobs that will define our 21st century economy.” Many local organizations, financial intuitions, and leaders played a role in developing this project. Partners in the project include: VTCRC, VT Foundation, TKA Architects, EDC, and Avis Construction Company.
    “We believed in the model of building IT factories, enterprise operations and development capabilities located in areas with access to talent, a great quality of life and an affordable cost of living. This milestone helps us achieve our vision of engaging rural communities across America to create the next wave of IT talent.” – Sonu Singh, President and CEO of 1901 Group
    The new facility will house customer-facing software engineering, security, and operations teams along with 1901 Group’s FedRAMP authorized Cloud Migration Factory that provides full lifecycle cloud services from discovery and assessment to cloud managed services. To meet the rapidly increasing demand for cloud migration services in the public sector, 1901 Group has launched Cloud Pathways, a comprehensive training program designed to develop IT professionals into cloud architects and engineers. Additionally, 1901 Group is working in partnership with Virginia Tech and Radford University to develop the next generation of cloud, security, and operations engineering talent. 1901 Group is committed to growing talent in Southwest Virginia to address the deficit of skilled cloud practitioners in the public sector. “We applaud 1901 Group’s commitment to talent development and cooperative partnerships between industry, education, and communities across the urban-rural continuum as they build capacity to support and serve their customers,” said Virginia Tech President Tim Sands. “We look forward to working with them in their new VTCRC facility to further develop the talent pipeline, provide real-world student experiences, and meet the growing technology needs across the commonwealth and the country.” Onward NRV
    “Congratulations to 1901 Group on its expansion in the Virginia Tech Corporate Research Center. Virginia’s New River Valley is an emerging IT hub due to companies like 1901 Group. Our region provides a supportive culture, access to world-class universities, and a small-town lifestyle that is attractive to many IT professionals. 1901 Group exemplifies how companies are leveraging the many attributes of our region to support their success and growth.” – Charlie Jewell, Executive Director of Onward New River Valley
    “We are proud to be involved with everyone who contributed to this groundbreaking effort,” said Singh. “It is an exciting time to see 1901 Group evolving into a market leader while improving quality, performance, and security of customers information technology solutions”.
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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

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    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

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    <>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.  
    cnbc

    Virginia Named Top State to Do Business in 2019

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    New River Valley, VA – CNBC ranks the Commonwealth of Virginia as the overall #1 state to do business in 2019. All 50 states are put through a rigorous test, scoring each state on more than 60 measures in 10 overarching categories. Then each category is weighted based on how often the state uses that category as a selling point in their economic development marketing materials. This ensures that the states are only being assessed on the attributes they use to promote themselves. The criteria for scoring was developed using existing business and policy experts, official government sources, and the input from the individual states. The 10 categories of evaluation include:
    1. Workforce
    2. Economy
    3. Infra-structure
    4. Cost of Doing Business
    5. Quality of Life
    6. Education
    7. Technology & Innovation
    8. Business Friendliness
    9. Access to Capital
    10. Cost of Living
    Not only did Virginia rank #1 overall, but the state also received the top spot in workforce and education. Educational attainment of workforce, number of available employees, and net migration of college-educated workers are all considered when calculating the workforce category, which is allocated the largest sum of points, 450, of all 10 categories. The state’s concentration of STEM workers, workforce productivity, and even union membership and right-to-work laws are also considered. In the category of education, which is slotted for up to 175 points, the number of higher education institutions as well as the test scores, class size, and spending of K-12 schools is calculated. Another notable ranking for Virginia, is the 3rd place score in the category of business friendliness. Business friendliness is also awarded 175 points and looks at the legal and regulatory climate of the state and the economic freedom for business individuals. Learn more about the categories and grading system here or check out the list of all 50 states and their rankings here. For those searching for a beautiful place to live and do business, Virginia’s New River Valley provides both a small-town atmosphere and an innovative, collaborative and business-friendly culture. It also offers a loyal, highly skilled, and educated workforce. With magnificent mountains, cutting-edge research, and exceptional arts, entertainment, and education — Virginia’s New River Valley is quite simply, A Natural Fit.
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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.

    Ozmo Completes Two-Year VALET Program

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    RICHMOND — Governor Ralph Northam today announced that 14 companies from across the Commonwealth have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) Program. The program, which now has 290 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 provides growth-minded companies with the tools and expertise they need to navigate new markets and successfully export overseas,” said Governor Northam. “International trade is a powerful economic engine in our Commonwealth and we are proud to support this valuable program that helps businesses of all sizes and industries thrive in the global marketplace. I congratulate these Virginia companies on their tremendous international performance and I am confident they will see continued success here in Virginia and abroad.” The graduating companies recognized during an event in Richmond today include:
    • Ozmo, Inc. (Montgomery County)
    • Avizia (Fairfax County)
    • Axis Global Enterprises Inc. (City of Virginia Beach)
    • Fulcrum Concepts, LLC (King and Queen County)
    • Global Center for Automotive Performance Simulation (GCAPS) (Halifax County)
    • High Threat Concealment (James City County)
    • Higher Logic (Arlington County)
    • International Flooring & Protective Coatings, Inc. (IFPC) (City of Norfolk)
    • Klas Telecom Government Inc. (Fairfax County)
    • Logos Technologies LLC (Fairfax County)
    • Matrix International, Inc. (Fairfax County)
    • PunchOut2Go, LLC (Albemarle County)
    • Red 5 Holdings, Inc. (Fairfax County)
    • The PBE Group (Tazewell County)
    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. To date, 335 Virginia companies have participated 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. 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, VEDP President and CEO
    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.
    Volvo Trucks

    Volvo Group to Create 777 New Jobs in Pulaski County Expansion

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    Company to invest nearly $400 million to expand heavy-duty truck manufacturing operation Dublin, VA — Governor Ralph Northam today announced that the Volvo Group will invest nearly $400 million to expand its Volvo Trucks North America New River Valley (NRV) assembly operation in Pulaski County. Major components of the investment include a new 350,000-square-foot building that will ultimately house truck cab welding operations; an expansion of the existing plant to allow for further improvements to the facility’s paint operations and overall material/production flow; and a variety of equipment upgrades, including installation of several state-of-the-art dynamometers for vehicle testing. Volvo considered sites in multiple other states for the expansion project, which will create 777 new jobs within approximately six years.
    “As the leading private employer in the New River Valley, Volvo Trucks has been a bedrock of this community for more than forty years and has fueled the regional economy. The company’s decision to grow its footprint in the Commonwealth not only recognizes the strength of our manufacturing sector, but also reflects the skill of our workers, the quality of life in rural Virginia, and the competitiveness of our business climate.”
      – Governor Ralph Northam
    This announcement represents one of the largest capital investments in the history of Southwestern Virginia, and I am confident that this expansion will both prepare the NRV plant for continued success and solidify Volvo’s presence in Pulaski County for decades to come.” Volvo Trucks provides complete transport solutions for customers, offering a full range of medium to heavy duty trucks. Customer support is secured via a global network of 2,100 dealers and workshops in more than 130 countries. Volvo trucks are assembled in 15 countries across the globe. In 2018, more than 127,000 Volvo trucks were delivered worldwide. Volvo Trucks is part of Volvo Group, one of the world’s leading manufacturers of trucks, buses, construction equipment, and marine and industrial engines. The Group also provides solutions for financing and service. Volvo Trucks’ work is based on the core values of quality, safety, and environmental care. The Volvo Trucks facility in Pulaski County is its largest in the world, with 1.6 million square feet on nearly 300 acres and 3,500 employees. “Volvo’s historic investment in an additional facility and upgraded, state-of-the-art equipment at its Pulaski County operation signifies the plant’s future growth, and we are honored to further strengthen Virginia’s corporate partnership with Volvo Trucks North America,” said Secretary of Commerce and Trade Brian Ball. “With its access to markets, robust workforce, and pro-business climate, the New River Valley is a hub for manufacturers from around the world. This investment will position Volvo’s NRV plant for long-term growth and is a testament to the Commonwealth’s competitive advantage.” “This investment will give our employees the tools they need to continue providing our customers the highest quality products,” said Franky Marchand, Vice President and General Manager of the NRV plant. “We’re very grateful to the Commonwealth of Virginia, Pulaski County, and the citizens in this community for their continued support of our business and our people. Creating more value-added processes through these investments is good for our employees, our plant, and our region.” The Virginia Economic Development Partnership worked with Pulaski County, the General Assembly’s Major Employment and Investment (MEI) Project Approval Commission, and Onward New River Valley to secure the expansion for Virginia. The Volvo Group will be eligible to receive post-performance MEI custom grant payments totaling up to $16.5 million over 10 years, based upon achieving its pledged net new job creation and investment commitments. New job creation will be on top of the baseline employment level of 3,219 in place when project negotiations began in 2018. The company is also eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. “The Pulaski County Board of Supervisors and the Economic Development Authority are most excited to partner with the state to comprehensively support Volvo Trucks and the exceptional men and women who work there with this monumental expansion project, and we are ever confident that their investment and job growth will go a long way to ensuring this company continues to operate and prosper here in our community,” said Chair of the Pulaski County Board of Supervisors Andy McCready.
    “This announcement is one of the largest capital investments in the history of Southwestern Virginia and it says a tremendous amount about the confidence and trust the Volvo Group has in the Commonwealth, in Pulaski County, in their dedicated workforce, and in the economic development professionals that helped make this project possible.” – Andy McCready
    “Volvo Trucks represents the largest private employer in the New River Valley, and I am proud that the Commission could support the company’s continued growth in Virginia,” said Senator Frank Ruff, Chairman of the MEI Project Approval Commission. “This monumental project will enable the company to add nearly 800 new jobs to its existing workforce, creating opportunities for citizens of Pulaski County and the region and further strengthening the Commonwealth’s position as a leader in automotive manufacturing. We thank Volvo for its commitment to Virginia and for being a key source of job creation and investment in our economy.” “The NRV assembly plant is Volvo Trucks’ largest manufacturing facility in the world, and the company’s decision to reinvest in this operation is a significant win for the region and for the Commonwealth,” said Delegate Nick Rush, Vice Chair of the MEI Project Approval Commission. “With support from our local, regional, and state economic development partners, the company has been able to grow in Pulaski County for decades, and we are confident that this major investment will ensure that Volvo Trucks remains a critical employer in the New River Valley for years to come.” “Volvo Trucks’ continued investment and creation of new jobs is a huge opportunity for the hard working people of Southwest Virginia and the New River Valley,” said Senator Benton Chafin. “I want to thank Volvo Trucks for their commitment to the region and seeing the value of reinvesting in the regional workforce and economy. Volvo Trucks is a critical community partner and with the creation of nearly 800 manufacturing jobs, their investment is another step forward in creating a more thriving and diverse regional economy.”
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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.”