NRV Tech Companies Make Inc. 5000 List of America’s Fastest-Growing Companies

NRV Tech Companies Make Inc. 5000 List of America’s Fastest-Growing Companies

Montgomery County, VA – Two NRV tech companies made the Inc. 5000 list for 2021. These annual rankings by Inc. magazine list the “fastest-growing private companies in the United States” and are a “hallmark of entrepreneurial success”. According to Virginia Business, only 310 companies across the state of Virginia were included on this prestigious list.

Here are the two NRV companies that made the 2021 Inc. 5000 list along with their rankings:

#4,606 Modea: 56% 3-Year Growth
#4,712 Harmonia Holdings Group: 51% 3-Year Growth

This is the third time Modea has been ranked on the Inc. 5000 list since 2010. Harmonia Holdings Group has made the Inc. 5000 list eleven times since 2009.

Read more about the history of the Inc. 5000 rankings here.

See the full Inc. 5000 list for 2021 here.

Learn more about the fast-growing tech sector 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.

Blacksburg High School Among Top 100 STEM High Schools in U.S.

Blacksburg High School Among Top 100 STEM High Schools in U.S.

Montgomery County, VA – U.S. News & World Report ranked Blacksburg High School as one of the Top 100 Best STEM High Schools in the United States for 2021. BHS came in at #94 on the list.

STEM stands for the disciplines of science, technology, engineering, and mathematics. To create the list of the Best STEM High Schools, “U.S. News looked at the top 1,000 public schools from our latest Best High Schools rankings, and then evaluated their students’ participation and success in Advanced Placement science and math tests.”

Blacksburg High School also moved up nine spots from last year to rank #21 among public high schools in Virginia. In addition, U.S. News and World Report ranked BHS #981 out of the nearly 18,000 public high schools ranked in 2021. This means Blacksburg High School is ranked among the top 6% of high schools nationally.

See U.S. News and World Report’s rankings of Blacksburg High School here.

Learn more about education in Virginia’s New River Valley here.

Learn more about Blacksburg, a town 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.

NRV Tech Industry Highlighted in Virginia Economic Review

NRV Tech Industry Highlighted in Virginia Economic Review

Montgomery County, VA – The Virginia Economic Review recently highlighted the NRV tech industry in an article titled “Virginia’s Smaller Metros Prove Fertile Ground for Tech Headquarters”. The article features some of the tech companies headquartered in Virginia’s New River Valley, such as Modea, Torc Robotics, and Ozmo, and why they chose to base their businesses in the region.

The article also highlights the business advantages that the New River Valley has to offer tech companies. As Ozmo’s CEO David Catalano stated when the company’s expansion was announced in 2019, “Our proximity to Virginia Tech provides us with a unique advantage of access to top talent, while also being able to offer exceptional quality of life for our employees.”

Click here to read the Virginia Economic Review’s article about the tech industry in Virginia’s smaller metros.

Click here to learn more about the tech industry 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.

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.

Correction: September 1, 2021: This blog post was corrected to reflect that Pete Dye River Course was ranked #19 in the top 50 golf courses in Virginia for 2020. A previous version of this article incorrectly stated the course was ranked #18.

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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.