2020 NRV Announcements Highlighted in Virginia Business

2020 NRV Announcements Highlighted in Virginia Business

New River Valley, VA – Three major 2020 NRV business announcements were recently highlighted in Virginia Business magazine. The article, titled “A Diversified Portfolio”, describes the announcements and their impact on the region. The article also discussed the state of the manufacturing and tech sectors in Virginia’s New River Valley during the COVID-19 pandemic using data from Onward New River Valley’s recent Industry Competitiveness Surveys.

Learn more about three 2020 NRV business announcements included in the article below:

Read the full article from Virginia Business here.

See more business announcements from 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.

Qualtrax One of Best Places to Work in VA

Qualtrax One of Best Places to Work in VA

Montgomery County, VA – According to Virginia Business magazine, Blacksburg-based Qualtrax is one of the best places to work in Virginia. The tech company was featured on the magazine’s 11th Annual Best Places to Work in Virginia List. This is the fourth consecutive year that Qualtrax was included in the “Small Employers (up to 99 U.S. employees)” category.

Virginia Business worked with Best Companies Group out of Pennsylvania to compile the list. Employers were evaluated on categories such as number of paid holidays, retirement benefits, diversity training, and telecommuting options for employees. After evaluating the employers and compiling a list of the top 100 in the Commonwealth, Virginia Business then divided the list into categories for large, medium, and small employers.

See all the companies on the 2021 Best Places to Work in Virginia list here.

Learn more about Qualtrax’s previous honors on the Best Places to Work in Virginia list from 2020, 2019, and 2018.

Learn more about Qualtrax and the information technology industry in Virginia’s New River Valley here.

Explore more accolades won by NRV counties, city, towns, and universities 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.

NRV Accolades and Awards in 2020

NRV Accolades and Awards in 2020

New River Valley, VA – Throughout 2020, the New River Valley was frequently recognized for its outstanding lifestyle amenities, business growth, and educational opportunities. The region is truly a premiere destination to live, work, and do business. Below is a list of just a few of the accolades won in 2020 by the counties, city, towns, and universities that comprise Virginia’s New River Valley.


Pulaski is 2nd Most Affordable Place to Buy a Home in VA

High Quality of Life


Floyd Voted Top Tiny Adventure Town 2020

Abundant Outdoor Amenities


Harmonia Recognized as one of Virginia's "Fantastic 50"

Expanding and Developing Businesses


Exelaration Ranked #3 Best Tech Internship by Vault

Educating Tomorrow’s Talent


RU Ranked #33 Southern Regional University by U.S. News & World Report

Top Tier Colleges & Universities

Explore more accolades won by NRV counties, city, towns, and universities 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.

NRV Tech Sector Outlook Strong

NRV Tech Companies Shift to Remote Work During Pandemic, Sector Outlook Strong

New River Valley, VA – In September 2020, Onward New River Valley conducted a survey of technology companies in Virginia’s New River Valley. The goal of the Industry Competitiveness Survey was to better understand how local information technology companies were operating and adapting in the wake of COVID-19. The survey was intended to identify common challenges among local companies and expose best practices that would support the overall competitiveness and continued growth of the local tech sector.

Survey responses were collected during a two-week period in September 2020. The survey was sent to 28 information technology companies in Virginia’s New River Valley (NRV) with 71% responding. The survey results revealed several insights about the tech sector in the region; these insights are described below.

Operating Status
Overall, tech companies have remained mostly stable in the wake of the COVID-19 pandemic. When respondents were asked to evaluate the current operating status of their companies, only 12% reported that their business had shrunk since the pandemic began. The vast majority (88%) indicated that their business had stayed about the same (50%) or even grown (38%).

Most (58%) respondents reported stable or increasing revenue compared to pre-pandemic, but over half (55%) of respondents reported a decrease in their sales pipeline. Consequently, it’s no surprise that a majority (63%) of respondents ranked marketing as one of their current top three concerns with the decrease in sales pipeline that tech companies are reporting.

Several respondents reported that lead generation is a current challenge due to the pandemic. One person wrote, “I feel that there is some lack of quality in our sales pipeline now that we’ve shifted all of our client meetings remote,” while another stated, “finding new ways to engage prospective clients without tradeshows and travel is a top priority.” Marketing and selling in a remote environment are clear challenges that tech companies in the NRV are facing and will continue to face in the near future.

Employment
Employment through tech companies in the NRV has remained stable despite COVID-19. Most (63%) of respondents said their number of employees has remained the same since the beginning of the pandemic. Twelve percent of respondents did report a reduction in employee levels, but two-thirds (67%) of them anticipate rehiring eliminated positions within a year.

Over a quarter (25%) of respondents indicated they had increased employment during the pandemic, reporting either a slight (17%) or substantial (8%) increase. Furthermore, over one-third (38%) of respondents said that they currently have unfilled job openings. Respondents reported that the most common hard to fill positions are software engineers, account executives, and production schedulers. There is clearly a continuing need for talent recruitment and retention efforts across the tech sector in the NRV.

Remote Work Trends
The survey revealed that COVID-19 has caused local tech companies to shift most of their workforce to remote work. Prior to the pandemic, three-fourths (75%) of survey respondents reported that less than 20% of their workforce worked remotely. In contrast, two-thirds (67%) of respondents reported that more than 81% of their employees were remote in late September. Respondents did indicate a slight decrease in the percentage of employees working remotely from July to September, signaling some tech workers were returning to the office.

Several tech leaders indicated that having a higher portion of their employees work remotely may persist even after the pandemic is over. One respondent stated that their company would have a “50% decrease in physical space needs” due to the increase in remote work, while another said, “we definitely value having a physical location and will keep it, but this only continues to fuel our ability to have employees located anywhere.”

Almost half (46%) of respondents reported offering incentives for employees to work from home. Helping employees set up their home offices, whether through transferring existing equipment home or purchasing new equipment for employees, was one of the most frequently mentioned incentives. Other common incentives included providing stipends or reimbursements to run employees’ home offices and upgrading employees’ home internet service.

Overall Outlook
Tech leaders signaled an overall strong outlook for the coming year. Within the next twelve months, the vast majority (88%) of respondents reported that they had a steady or positive outlook for their company. Over three-fourths (79%) of respondents anticipated that the remaining duration of COVID-19 impacts on their business would resolve within one year from the survey date.

Leaders were also asked to forecast how many employees they anticipated having within six months to one year. Within six months, over half (54%) of respondents anticipated that their employment numbers would increase. Within the next year, three-fourths (75%) anticipated a modest (58%) or significant (17%) increase in employment. Only 4% of respondents expected to reduce employment within the next year.

Learn more about the survey and read a final report of the results 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.

Exelaration Ranked #3 Best Tech Internship by Vault

Exelaration Ranked #3 Tech Internship by Vault

Montgomery County, VA – Exelaration was ranked the #3 Tech & Engineering Internship for 2021 by Vault. Vault is nationally known for ranking “the top internship programs in various industries in diversity, quality of life, and overall best to work for.” Rankings are determined through surveys of current and past interns.

Exelaration, which runs the Blacksburg-based Exelaration Center (XC), trains interns for careers in technology by giving them real-world experiences on projects for companies such as the Ovarian Cancer Research Alliance and Medeco. According to the company, “The Exelaration Center (XC) addresses the STEM skills shortage by connecting young people of varied backgrounds with the technology workforce.”

Exelaration ranked in the top 10 in many categories of the Vault 2021 rankings, including:

#2 Best Internships for Training & Mentoring
#3 Best Internships for Software Development
#3 Best Tech & Engineering Internships
#4 Best Internships for Diversity
#4 Best Internships for Quality of Life
#5 Best Internships for Overall Career Development
#7 100 Best Internships
#7 Best Internships for Real-Life Experience

Virginia’s New River Valley is a hub for the information technology industry, and Exelaration is expanding the pool of highly qualified tech talent in the region through their internship programs. Learn more here about why tech companies like Exelaration choose to grow and develop their businesses in the NRV here.

Learn more about internships offered from The Exelaration Center 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.

Card Isle Receives Investment from VFF

Card Isle Receives Investment from Virginia Founders Fund

Montgomery County, VA – The Center for Innovative Technology (CIT) announced this week that Blacksburg-based technology company Card Isle will receive investment from the Virginia Founders Fund (VFF). VFF, which was launched in 2018, “shines a light on the creativity and impact of entrepreneurs arising from Virginia communities traditionally underserved by risk capital…[including] founders located in regions outside of Northern Virginia.”

Card Isle was founded in Blacksburg in 2013 and is “rethinking how greeting cards can be distributed in a changing retail landscape. Card Isle offers turnkey solutions to design, order, and print personalized greeting cards, and will use this capital from VFF to continue their rapid growth in the eCommerce gifting sector and develop new markets.”

Card Isle is one of many technology startups growing and expanding in Virginia’s New River Valley. Learn more about the technology industry in the region here.

Explore Card Isle’s greeting cards here.

Read the full press release from CIT about the investment 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.

MCPS Recognized as a “School Division of Innovation” by VA Board of Education

MCPS Named “School Division of Innovation” by VA Board of Education

Montgomery County, VA – Montgomery County Public Schools (MCPS) was recognized last week as a “School Division of Innovation” by the Virginia Board of Education. MCPS is among the first 15 school divisions across the state to be recognized for “designing and implementing alternatives to traditional instructional practices and school structures that improve student learning and promote college and career readiness, and good citizenship.”

Montgomery County Public Schools was specifically recognized for these innovative programs and practices:

  • Creating and offering new information technology curricula through dual enrollment
  • Creating new associate degree pathways
  • Developing an alternative model for professional studies
  • Embracing and supporting work-based learning experiences

    Virginia’s New River Valley is a hub for the information technology industry with an ever-expanding need for tech talent. School systems in the region like MCPS are meeting that need by focusing on IT instruction in K-12 curricula.

    Read the full press release from the Virginia Department of Education and see the entire list of the “School Divisions of Innovation” here.

    Learn more about the information technology industry in Virginia’s New River Valley here.

    Learn more about education in the NRV 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.

  • NRV Leaders Listed in the ‘Virginia 500’ by Virginia Business

    NRV Leaders Listed in the ‘Virginia 500’ by Virginia Business

    New River Valley, VA – Eight leaders across the New River Valley were listed in the inaugural “Virginia 500 – The 2020 Power List” recently published by Virginia Business magazine. This list of influential people in Virginia was created by the magazine “to be an insightful and helpful resource on leadership in Virginia.” Read more about how Virginia Business created the list here.

    The NRV leaders included in the Virginia 500 are:

  • Dan Larimer | Federal Contractors, Technology | Chief Technology Officer, Block.one
  • Franky Marchand | Manufacturing | Vice President and General Manager, Volvo Group Trucks Operations in Americas
  • Dan St. Martin | Manufacturing | President, Kollmorgen Corp.
  • John Dooley | Nonprofits, Philanthropy | CEO, Virginia Tech Foundation
  • Raymond Smoot | Economic Development | Chair, Go Virginia Region 2 Council
  • Justin Fuente | Arts, Entertainment, Sports | Head Football Coach, Virginia Tech
  • Brian Hemphill | Education | President, Radford University
  • Tim Sands | Education | President, Virginia Tech

    Learn more about the leaders, industries, and communities 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.

  • 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

    ~ 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.

    FoxGuard Solutions Graduates from VALET Business Acceleration Program

    FoxGuard Solutions Graduates from VALET Business Acceleration Program

    Montgomery County, VA – Governor Ralph Northam announced last week that FoxGuard Solutions, based in Christiansburg, is among 10 companies across the Commonwealth that recently graduated from Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) Program.

    Here is more detailed information about the VALET Program from the press release:

    VALET is a two-year international business acceleration program that provides participating companies with international sales plan development services, assistance from a team of experienced international service providers, international business meetings with potential partners, educational events, and customized market research.

    Read the full press release, including information on the other graduating companies, 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.