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V I R G I N I A B U S I N E S S
SITE L O C A T O R
Meet Virginia the state for business
F ce Fa cebo b ookk is buil bo buil bu ildi ddiingg a $1 billli $1 lion on dat ataa ce c nt nter er in He Henr enr nric icco Co ico Couun unty unty ty, y, wh whic ichh is i expe ex pect pe cted ct tedd to cr crea e te ea e 2500 job obss. s.
Guide to Selecting a Business Location in Virginia
ia n i g r Vi ness i s u B Site y d Rea n! Soo n g n i Com
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Virginia’s Middle Peninsula is the heart of Virginia’s blue/green economy. The Region supports hundreds of advanced manufacturing and technology jobs and is anchored by numerous marinas and small businesses that create the robust economic network of the coastal economy. conducts research in coastal ocean and estuarine science, educates students and citizens, and provides advisory service to policymakers and industry. The Region is home to the Commonwealth’s first federally-recognized Native American Indian Tribe, the Pamunkey, a strategic partner in economic development. Building on its blue/green assets, the Region is Virginia’s leader in creating a sustainable rural coastal economy that is an economic contributor to the Virginia story.
Location
Authentic seafood, interactive community libraries, and access to river and bay for recreation, sport, and research are but a few of the amenities in the Middle Peninsula.
Virginia’s Middle Peninsula region encompasses approximately 1,388 square miles in the east central Tidewater area of Virginia. This central location lies at the heart of the Virginia metropolitan triangle of Hampton Roads, Richmond and Northern Virginia. The region has superb primary transportation corridors providing easy, 90-minute access to the urban areas of Northern Virginia; 30-minute access to the Greater Richmond area; 30-minute access to Hampton Roads. The Region is served by an uncongested highway infrastructure including US 360, US 33, and US 17, as well as three aviation airports, a Norfolk Southern rail spur in the Town of West Point, and numerous marinas.
Community Facilities and Lifestyle Health Care: The Region has 2 hospitals, rural health care clinics, free clinics, nursing home facilities, assisted living facilities, and hospices. Education: The seven public school systems in the Middle Peninsula region serve students in grades K-12. There are approximately sixteen private schools serve grades K-12 and special education needs in the Middle Peninsula area. Institutions of higher education include the Rappahannock Community College in Glenns, and the Virginia Institute of Marine Science in Gloucester Point. Public Lands and Parks: The Middle Peninsula Chesapeake Bay Public Access Authority (MPCBPAA) has preserved almost 1,000 acres of land, providing public access to boaters, crewteams, fishers, bird watchers, hunters and more. Outdoor Recreation: Recreational boating ranges from paddling on the rich coastal marshes to sailing the open waters of the rivers or the Chesapeake Bay. Holly Point Nature Park in Deltaville hosts a series of summer concerts. Virginia Motor Speedway, located in Middlesex County, hosts weekly races during the season, as well as national and regional touring series. Under development is a unique new recreational and cultural asset, the Werowocomoco National Park, located in Gloucester County along the banks of the York River. Centers for Civic Engagement: A regional library and eight county libraries operate in the region offering over 300,000 volumes. These facilities have become centers of civic engagement, developed with modern technologies and offering programming to audiences young and old. Retail and service businesses: The immediate retail and service needs of area residents are met by numerous retail and service-related small businesses, primarily anchored in the commercial areas of Gloucester to the south and Tappahannock to the north. The region is known for its specialty shops, restaurants and antique stores.
For more information on building or relocating your business in this Region, please contact us:
125 Bowden St. | Saluda, VA 23149 804.399.8297 | www.mpava.com | riverlinkllc@gmail.com
VIRGINIA BUSINESS SITE LOCATOR
Meet Virginia - the state for business The commonwealth is providing $1.3 million in funds to train workers for modern shipbuilding careers.
A
mammoth social network, a major used-car retailer, the maker of M&M’s and Snickers. Facebook, CarMax and Mars are just a few of the corporations that have operations or headquarters in Virginia. They’ve been drawn to the state’s top-notch talent, technology infrastructure and of course, quality of life. If you’re a newcomer to the commonwealth, the 2018 Virginia Business Site Locator aims to showcase Virginia’s distinctive assets. If you’re already operating in the state, the guide will highlight resources or information to help you grow. We often hear from companies that are expanding or relocating that talent is key, which is why we’ve compiled a list of the commonwealth’s public universities (page S8). These institutions offer a robust pipeline of workers. Colleges often team up with businesses S4
AUGUST 2018
to offer programs tailored specifically to companies’ needs. Norfolk-based Old Dominion University, for example, is using $1.3 million in state funds to prepare 8,500 workers for careers in digital shipbuilding. The program is a collaboration between various industry stakeholders, including Newport News
Shipbuilding and technology giant Siemens. It aims to create a roadmap for digital shipbuilding careers, from the high school level to college. Talent isn’t the only thing site selectors look at when researching new locations for clients. They also pay attention to business rankings, which are based on multiple factors, such as economic conditions, quality of life and business costs. The Old Dominion is proud to be a leader on several of these lists, including Forbes’ “Best States for Business,” where it ranked No. 5 in the latest ranking. “Virginia has a widely diverse economy that includes local and federal government, military, farming and manufacturing,” the publication said in its most recent report. To see how the commonwealth stacks up in other prominent business rankings, turn to page S5. The latter half of the Site Locator will introduce you to the different parts of the state, showing what they can offer your business. The City of Franklin and Southampton County, for example, are home to three industrial parks with proximity to the Port of Virginia. Whether you’re exploring a locality in the Eastern part of the state or opt for the Northern Virginia suburbs of Washington, D.C., we’re confident you’ll find a perfect location in the commonwealth.
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index University of Virginia Foundation ...S2 Middle Peninsula Alliance .............S3 University of Virginia’s College at Wise ............................S9 Virginia Economic Developers Association .... S10-S11 Liesfeld Contractor Inc. ...............S12 City of Lynchburg.........................S13 Riverside Logistics ......................S14
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City of Hampton ...........................S15 Franklin/Southampton .................S16 Isle of Wight County.....................S17 Cox Communications ..................S18 City of Virginia Beach .................S19 Fort Monroe Authority .........S20-S21 Martinsville/Henry County ..........S22 Montgomery County ....................S23 Port of Virginia ..............................S24
Photo courtesy Newport News Shipbuilding
How Virginia stacks up Business friendliness is an important factor in the site selection process. Here’s how Virginia compares on some of the most prestigious business rankings. ✦ Virginia is in the top five of CNBC’s recently unveiled “America’s Top States for Business” list, ranking No. 4 among the 50 states. The state climbed three spots in this year’s ranking, up from No. 7 in 2017. The commonwealth’s workforce and business friendliness continue to be a major draw, according to CNBC. ✦ The Old Dominion has climbed to No. 5 on the most recent Forbes’ “Best States for Business” list. Forbes ranks Virginia second in the nation for its regulatory environment, “because of its strong incentive offerings and businessfriendly government policies.” Forbes emphasized Virginia’s diverse economy that includes fed-
eral and local government, manufacturing, farming and military. ✦ Business Facilities’ 13th “Annual Rankings Report” ranked Northern Virginia No. 1 in Data Center Hubs based on the amount of megawatts multitenant data centers used in 2016, beating out San Francisco and San Jose, Calif. The new edition of the list was released in late July, after this issue went to press. ✦ The commonwealth ranks No. 9 in Site Selection’s 2017 “Top State Business Climate” list. The state scored highly in competitiveness and improved upon its new plant per capita rank from 2016. The rankings are a 50/50 mix of objective and subjective
measures. ✦ The commonwealth ranked No. 15 on Chief Executive Magazine’s 2018 “Best & Worst States for Business” list, which is based on a CEO opinion survey. Virginia scored a 7.67 out of 10 in workforce quality, and 7.28 out of 10 in living environment. ✦ Virginia was listed as the sixth most educated state in WalletHub’s 2018 “Most and Least Educated States” ranking. Virginia ranked fourth in the nation in highest percentage of graduate or professional degree holders. To compile the ranking, WalletHub examined educational attainment, school quality and achievement gaps between genders and races.
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Industry employment projections (long term) Percent change Estimated 2014
Projected 2024
Change
3,977,869 321,040
4,345,923 352,330
368,054 31,290
Administrative and support and waste management and remediation services
214,758
234,450
19,692
0.88
9.17
Agriculture, forestry, fishing and hunting Arts, entertainment and recreation Construction Educational services Finance and insurance Health care and social assistance Information Management of companies and enterprises Manufacturing Mining, quarrying and oil and gas extraction Other services (except public administration) Professional, scientific and technical services Public administration Real estate and rental and leasing Retail trade Transportation and warehousing Utilities Wholesale trade
58,935 49,367 178,203 352,778 129,981 418,602 71,474 74,283 231,497 7,470 131,382 389,128 60,167 51,535 413,395 107,989 10,631 110,804
54,824 55,167 200,963 395,156 141,636 515,689 69,426 77,075 219,778 7,259 143,824 459,829 60,915 53,346 442,557 113,524 9,516 114,430
-4,111 5,800 22,760 42,378 11,655 97,087 -2,048 2,792 -11,719 -211 12,442 70,701 748 1,811 29,162 5,535 -1,115 3,626
-0.72 1.12 1.21 1.14 0.86 2.11 -0.29 0.37 -0.52 -0.29 0.91 1.68 0.12 0.35 0.68 0.50 -1.10 0.32
-6.98 11.75 12.77 12.01 8.97 23.19 -2.87 3.76 -5.06 -2.82 9.47 18.17 1.24 3.51 7.05 5.13 -10.49 3.27
Total, all industries Accommodation and food services
Annual Avg.
0.89% 0.93
Total
9.25% 9.75
Source: Virginia Employment Commission
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VIRGINIA BUSINESS
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VIRGINIA BUSINESS SITE LOCATOR
Virginia companies on the ‘Fortune 500’ list
T
he Old Dominion is well represented in Fortune magazine’s 2018 “Fortune 500” ranking. Virginia has 21 corporations on the list this year, which ranks the top publicly traded companies in the U.S. based on total revenue. Top-ranked for Virginia is Freddie Mac, a mortgage financing company based in McLean. The firm placed 38th on the list. Reston-based government contractor Leidos Holdings moved up 89 places in the rankings since last year, following a 2016 merger with Lockheed Martin’s information technology business. The move represented the fourth largest jump among all Fortune 500 companies on this year’s list. The only newcomer to the local “Fortune 500” list is Tysons-based DXC Technology, an IT services company serving 6,000 clients. The company, ranked No. 374, was formed last year by the merger of CSC and the Enterprise Services business of Hewlett Packard Enterprise.
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Virginia-based companies on the Fortune 500 Number
38 99 101 118 134 154 171 174 214 233 284 292 317 318 324 348 374 381 444 464 482
Company
Location
Freddie Mac General Dynamics Capital One Financial Northrop Grumman Dollar Tree Altria Group Performance Food Group CarMax AES Dominion Energy Norfolk Southern Leidos Holdings Advance Auto Parts Owens & Minor Hilton Worldwide Holdings Genworth Financial DXC Technology Huntington Ingalls Industries NVR Markel Booz Allen Hamilton
McLean Falls Church McLean Falls Church Chesapeake Richmond Richmond Richmond Arlington Richmond Norfolk Reston Roanoke Mechanicsville McLean Richmond Tysons Newport News Reston Glen Allen McLean
1 In billions of U.S. dollars
Revenue1
$74.7 40.0 30.0 25.8 22.2 19.5 16.8 16.6 13.9 12.6 10.6 10.2 9.4 9.3 9.1 8.3 7.6 7.4 6.3 6.1 5.8 Source: Fortune 500
Major players Recognize these big brands? Executives at well-known corporations share why their companies chose to establish or expand operations in the commonwealth. ✦
✦
S6
Nestlé USA found multiple things to love about Arlington, where the company relocated its U.S. headquarters from Glendale, Calif. “Nestlé USA carefully considered a number of locations, and Arlington hits all the marks,” Paul Grimwood, the company’s CEO at the time, said in a statement. “The area offers appealing benefits for our current employees, as well as a great talent pool for the future. This location allows us to be closer to our business operations, our customers and other important stakeholders.” John Pham, vice president of Geico’s regional operations, touts the benefits of doing business in Eastern Virginia. Late last year, Geico announced plans to add 500 positions in claims, sales, service AUGUST 2018
and auto damage at its Virginia Beach operations. “We’re thrilled to be a part of the Hampton Roads community. We know this is a great place to work with our neighbors, who also happen to be great employees.” ✦
David Zaslav, president and CEO of Discovery Inc., the company behind the Discovery Channel and the Food Network, recently shared why his company chose to expand in Loudoun County. Discovery Inc. is investing $16 million in the project, which is expected to yield 240 jobs. “Virginia’s strong technology infrastructure, workforce and attractive business climate provide the ideal location for our global technology and operations hub, and we are excited to expand ADVERTISING
our footprint in the state.” ✦
Rachel Peterson, director of data center strategy at Facebook, revealed why the social media giant chose Henrico County for a $1 billion data center, which is expected to create 250 jobs. “Virginia has been a home to the internet since the tech industry’s earliest days,” Peterson said in a statement when the project was announced in fall 2017. “When considering new data center locations, we not only look for clean and renewable energy solutions, but great partnerships within the local community, a strong pool of local talent, excellent access to fiber, and a robust electric grid. Henrico County and the Commonwealth of Virginia has it all.”
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A sampling of recent economic development announcements in the commonwealth. (2017-2018) CENTRAL VIRGINIA Albemarle County: Perrone Robotics is investing $3.8 million to expand its research and development operations in Albemarle County, where it plans to add 127 employees by 2021. The company has developed a software for running self-driving cars. Lynchburg: Cincinnati-based Convergys Corp., a customerservice provider, plans to invest $4.2 million to establish a call center in Lynchburg. The project is expected to create more than 600 jobs in a threeyear timespan. Richmond: Owens & Minor, a healthcare logistics company, has opened a client engagement center in downtown Richmond. The company expects to invest $15 million in the project.
HAMPTON ROADS Newport News: Newport News Shipbuilding, Virginia’s largest industrial employer, plans to create 2,000 new jobs as work accelerates on several contracts. The company is building the Columbia- and Virginia-class submarines and performing the complex overhaul and fueling of the Nimitz-class aircraft carriers and the construction of Fordclass aircraft carriers. Newport News Shipbuilding also plans to retrain employees and invest nearly $1 billion in the company’s facilities and technology infrastructure. Virginia Beach: Global Technical Systems, a Virginia Beachbased provider of advanced engineering solutions for the defense and homeland security industries, plans to build a $54.7 million, 500,000-squarefoot manufacturing center that would create 1,100 jobs.
damage and the company’s management development programs. Geico is the second-largest private passenger auto insurance company in the United States.
1,400 new jobs by expanding its Winchester call center. The company is investing $100 million in the project, which will nearly double its workforce in the area.
NORTHERN VIRGINIA
Rockingham County: DanoneWave announced a $60 million expansion in October 2017 that was expected to create up to 49 jobs in Rockingham County. The food company said it would add production capacity and expand its warehouse in Mt. Crawford. Its brands include Activia, Dannon and Horizon Organic dairy products, International Delight coffee creamers and iced coffee, Oikos Greek yogurt, and Silk foods and beverages.
Arlington County: Nestlé USA, a food and beverage company, is planning to invest $39.8 million in its new headquarters in Arlington County. The project is expected to create 748 jobs. Fairfax County: Favor TechConsulting LLC, a management and IT services consulting company, recently moved to larger headquarter digs in Tysons. The company is embarking on a $1.6 million expansion in the next five years, expected to add up to 1,200 jobs. Spotsylvania County: Alorica announced plans in April 2017 to expand its workforce in Spotsylvania County. According to The Free Lance-Star, Alorica planned to add 200 employees to its local call center and expand its office by 40,000 square feet.
SHENANDOAH VALLEY Augusta County: Shamrock Farms, a dairy manufacturing facility, announced plans in March 2017 to expand in Augusta County. The company is investing $40 million in the project, which is expected to yield more than 70 jobs. Frederick County: Navy Federal Credit Union will create
SOUTHERN VIRGINIA
facility as its corporate headquarters. Pittsylvania County: Panaceutics revealed plans earlier this year to invest $5.8 million in a research and development and manufacturing facility in the Ringgold East Industrial Park. The company plans to hire 70 employees. Panaceutics is a manufacturer of personalized medicine and nutritional products.
SOUTHWEST VIRGINIA Bristol: American Merchant is investing $19.9 million to take over the former Ball Corp.’s beverage packaging plant. The company plans to produce cotton towels in the new facility by the end of 2018, and eventually hire 405 workers.
Greensville County: Oran Safety Glass announced last fall a $4.45 million expansion at its Greensville County facility. The project is expected to create 55 jobs and retain 75 positions. OSG makes specialty glass for buses, military vehicles and trains.
Botetourt County: Altec Industries, a manufacturer of aerial lift trucks for the utility and telecommunications industries, said in 2017 it was investing $30 million to expand its Botetourt County plant by 65,000 square feet. The project would add 180 employees.
Pittsylvania County: Tanker truck manufacturer Amthor International will invest $7.1 million to expand its Pittsylvania County operations, adding 70 jobs. The company announced plans in early 2018 to build an 115,000-square-foot plant to accommodate increased demand for fabricated tanker trucks, and will designate the new Gretna
Pulaski County: Volvo Trucks has hired 400 people at its Dublin plant, bringing local employment to about 3,000. The company invested $38.1 million in the expansion, which included the creation of a customer center, as well as several facility upgrades. Source: News releases, news reports
central virginia hampton roads northern virginia shenandoah valley southern virginia southwest virginia
Virginia Beach: Geico said in late 2017 that it was adding staff at its Virginia Beach location. The insurance giant wanted to fill 500 positions in claims, sales, service, auto ADVERTISING
VIRGINIA BUSINESS
S7
VIRGINIA BUSINESS SITE LOCATOR
Colleges & universities (public, four-year institutions) Part-time students1
Full-time students1
Total 1
Ă ngel Cabrera
11,346
24,951
36,297
vt.edu
Timothy Sands
2,876
31,564
34,440
(804) 828-0100
vcu.edu
Michael Rao
5,608
25,428
31,036
Norfolk
(757) 683-3000
odu.edu
John R. Broderick
7,632
16,743
24,375
University of Virginia
Charlottesville
(434) 924-0311
virginia.edu
James E. Ryan
2,224
22,136
24,360
6
James Madison University
Harrisonburg
(540) 568-6211
jmu.edu
Jonathan R. Alger
1,911
19,925
21,836
7
Radford University
Radford
(540) 831-5000
radford.edu
Brian O. Hemphill
815
8,603
9,418
8
College of William and Mary
Williamsburg
(757) 221-4000
wm.edu
Katherine A. Rowe
775
7,965
8,740
9
Norfolk State University
Norfolk
(757) 823-8600
nsu.edu
Melvin T. Stith 2
860
4,445
5,305
10
Christopher Newport University
Newport News
(757) 594-7000
cnu.edu
Paul S. Trible Jr.
113
4,968
5,081
11
Longwood University
Farmville
(434) 395-2000
longwood.edu
W. Taylor Reveley IV
973
4,101
5,074
12
University of Mary Washington
Fredericksburg
(540) 654-1000
umw.edu
Troy D. Paino
764
4,044
4,808
13
Virginia State University
Petersburg
(804) 524-5000
vsu.edu
Makola M. Abdullah
533
4,180
4,713
14
U.Va.'s College at Wise
Wise
(276) 328-0100
uvawise.edu
Donna Price Henry 3
885
1,210
2,095
15
Virginia Military Institute
Lexington
(540) 464-7211
vmi.edu
J.H. Binford Peay III 4
0
1,722
1,722
Institution
Location
Phone
Website
President
1
George Mason University
Fairfax
(703) 993-1000
gmu.edu
2
Virginia Tech
Blacksburg
(540) 231-6000
3
Virginia Commonwealth University
Richmond
4
Old Dominion University
5
1 Based on 2017 fall enrollment numbers
2 Interim president
3 Chancellor
4 Superintendent
Source: State Council of Higher Education for Virginia
Two-year, public colleges 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Institution
Location1
Northern Virginia Tidewater John Tyler Reynolds Thomas Nelson Virginia Western Lord Fairfax Germanna Piedmont Virginia New River Blue Ridge Central Virginia Southside Virginia Rappahannock Danville Mountain Empire Wytheville Virginia Highlands Southwest Virginia Patrick Henry Richard Bland College Paul D. Camp Dabney S. Lancaster Eastern Shore
Annandale Norfolk Chester Richmond Hampton Roanoke Middletown Fredericksburg Charlottesville Dublin Weyers Cave Lynchburg Alberta Glenns Danville Big Stone Gap Wytheville Abingdon Cedar Bluff Martinsville Petersburg Franklin Clifton Forge Melfa
1 Main campus
S8
Phone
(703) 323-3000 (757) 822-1122 (804) 796-4000 (804) 371-3000 (757) 825-2700 (540) 857-8922 (800) 906-5322 (540) 891-3000 (434) 977-3900 (540) 674-3600 (540) 234-9261 (434) 832-7600 (434) 949-1000 (804) 758-6700 (434) 797-2222 (276) 523-2400 (276) 223-4700 (276) 739-2400 (276) 964-2555 (276) 638-8777 (804) 862-6100 (757) 569-6700 (540) 863-2800 (757) 789-1789
2 Based on 2017 fall enrollment numbers
AUGUST 2018
Website
President
nvcc.edu tcc.edu jtcc.edu reynolds.edu tncc.edu virginiawestern.edu lfcc.edu germanna.edu pvcc.edu nr.edu brcc.edu cvcc.vccs.edu southside.edu rappahannock.edu danville.edu mecc.edu wcc.vccs.edu vhcc.edu sw.edu ph.vccs.edu rbc.edu pdc.edu dslcc.edu es.vccs.edu
Scott Ralls Gregory T. DeCinque Edward "Ted" Raspiller Gary L. Rhodes John T. Dever Robert H. Sandel Kimberly Blosser Janet Gullickson Frank Friedman Pat Huber Laura B. Leatherwood John S. Capps Alfred A. Roberts Elizabeth H. Crowther Bruce R. Scism Kris Westover Dean Sprinkle Gene C. Couch Jr. Thomas F. Wright Angeline D. Godwin Debbie L. Sydow Daniel W. Lufkin John J. Rainone William T. Greer Jr. 3
3 Interim president
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Part-time students
Full-time students
Total 2
33,898 14,549 7,839 6,767 5,853 5,246 4,947 4,593 4,299 2,893 2,943 2,784 2,464 2,498 2,075 1,627 1,742 1,422 1,295 1,180 1,368 1,078 832 487
17,292 8,227 2,541 2,567 2,433 2,025 1,944 2,099 1,309 1,733 1,257 1,344 1,147 731 1,026 1,057 934 906 1,009 1,083 780 326 428 157
51,190 22,776 10,380 9,334 8,286 7,271 6,891 6,692 5,608 4,626 4,200 4,128 3,611 3,229 3,101 2,684 2,676 2,328 2,304 2,263 2,148 1,404 1,260 644
Source: State Council of Higher Education for Virginia
THE UNIVERSITY OF VIRGINIA’S COLLEGE AT WISE
Economic development has been part of the UVa-Wise mission since 1954.
UVA-WISE full page
Here’s how it works.
· UVa-Wise works together with strategic partners to expand the region’s emerging technology industry and to coordinate targeted economic development efforts.
· The College’s ABET accredited computer science and software engineering programs meet the growing technology needs of employers in all sectors.
· UVa-Wise leverages its resources, and key UVA resources, to bridge employer needs and the region’s economic development strategies.
· The Office of Economic Development and Engagement drafts comprehensive blueprints to cultivate
regional growth, and creates professional development opportunities to help companies navigate the changing technological landscape.
· Nurturing the region’s growing entrepreneurial culture is a source of pride for UVa-Wise, particularly as alumni successfully soar with new business ventures in all corners of Southwest Virginia.
The College’s mission to build the region’s economy has not changed, but it has expanded. UVa-Wise is Southwest Virginia strong. Learn more at uvawise.edu
Virginia Econo What is economic development? A community’s economic health dictates the overall quality of life of its citizens and the fiscal strength of its government. Economic development activities are critical to the economic health of localities, regions and the commonwealth. Economic development is the process that influences the growth and restructuring of the economy. Local and regional economies are in a constant process of change. Economic development is about understanding the dynamics of these changes and taking early steps to keep the economy healthy. It serves to increase wealth and enhance the well-being of the community. It is vital that the Commonwealth of Virginia invest in programs with a positive return on investment that help create new jobs to make Virginia more competitive. Not only will this dramatically improve Virginia’s position in the national business climate rankings, it will also positively impact both our quality of life and the state’s fiscal health. To bolster Virginia’s economic development competitiveness in the global marketplace, Virginia must have policy and budgetary actions that will support…
… a skilled and available workforce … growth for all regions of Virginia … leading the nation in job creation
From FY13-17, Virginia’s economic development efforts have resulted in: JOBS CREATED FOR VIRGINIANS
10,522 new jobs
1 ANNOUNCED JOB SUPPORTS 1.2 ADDITIONAL JOBS IN OTHER SECTORS
AVERAGE (MEAN) PROJECT =
1,492 company
68 new jobs $12.8 million investment
announcements
mic Developers Association Why is economic development critical to Virginia’s future? Economic development is an investment in our communities’ prosperity. Economic development is about creating competitive communities across Virginia and attracting new and expanded businesses. Economic development generates revenue for the commonwealth and its localities.
What is the Virginia Economic Developers Association (VEDA)? With approximately 500 members, VEDA is a professional association of economic developers and ally organizations, representing all corners of the commonwealth. The association works to ensure Virginia’s continued prosperity by supporting key economic development programs that assist in creating new jobs, investment, and maintaining a pro-business climate.
Contact the VEDA office for information on becoming a member. 757-412-2664 VEDA@associationbuilders.com www.GoVEDA.org
MEDIAN (MID-POINT) PROJECT =
25 new jobs $1 million investment
NEW CAPITAL INVESTMENT BY VIRGINIA COMPANIES
STATE TAX REVENUES
$19.1 billion in new
$430 million per year
capital investment
West Broad Marketplace
Celebrating
45 YEARS
Site Development Transportation Environmental Client Services LIESFELD CONTRACTOR, INC. full page
Medline Distribution Center
1851 Bennington Road, Rockville, Virginia 23146 804-749-3276
WWW.LIESFELD.COM
City of Lynchburg
You can make it here Lynchburg, VA, is a city that’s thriving and poised to grow even more
I
f you set your sights on the Blue Ridge Mountains in Virginia, you will run into Lynchburg, Virginia— a city that is about to burst at the seams with innovation, fervor and drive.
Recently described in “Site Selection Magazine,” as a city full of “blue collar brilliance,” Lynchburg is a place where makers, entrepreneurs and business leaders go to set up shop and thrive. It’s in Lynchburg that they find a supportive community, a talented workforce and a network of organizations ready to rally behind business growth. Businesses in Lynchburg make it. In fact, 10.9% more businesses renew their licenses in Lynchburg compared to the national average. Couple that with the fact that the cost of living is 10% lower than the national average and the
The City of Lynchburg has experienced tremendous growth — with businesses such as BWXT deeming the city as an ideal location for their U.S. headquarters, and the newly redeveloped Virginian Hotel inviting visitors to experience Lynchburg in new ways.
population is growing at an average annual rate of 1.2%, and you have a recipe for a community of ready-to-becomedriving-forces in their industries. Lynchburg contains two enterprise zones, spanning more than 4,200 acres
of commercial property, and is a prime destination for new and expanding businesses. In fact, Lynchburg makes it a priority to support its local businesses with incentives, grant opportunities and a readily-available network of mentors and experts.
Lynchburg, Virginia: You can make it here. Find out more at opportunitylynchburg.com.
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VIRGINIA BUSINESS
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Riverside Logistics
Riverside Logistics: Your Supply Chain Partner - Richmond, Virginia
I
n 1996, Riverside Logistics started as a dedicated truckload carrier servicing just one client. The goal was simple. Transport the client’s freight from one destination to another using a truck in a predictable manner at a reasonable cost. As the client base grew, Riverside Logistics recognized the benefit of offering warehouse services in conjunction with transportation. This allowed for more flexibility and reliability particularly when mission critical product had to be available. Today Riverside Logistics is a fullservice, third party logistics provider based in Richmond, Virginia. The company has approximately 80 employees and 600,000 square feet of warehouse space in seven locations handling over 500,000 shipments per year.
So, what does a third-party logistics company do? According to Rick Holden, Vice President Business Development, “because of our vast experience, technology and purchasing power, we can help a client maximize their supply chain value. We want our clients to focus on what they do well and what made them successful. Let Riverside handle the logistics.” That can be a challenge particularly in today’s market. Warehouse space is in demand and there is a shortage of drivers for trucks, so prices are going up. Scott O’Donnell, Vice President of Sales agrees, “The Electronic Logging Device (ELD) regulations have created a challenge for many companies. Our relationships with drivers for many years helps us deliver the product when the client needs it. We are fortunate
to be working with capacity in all modes of transportation. The Port of Virginia expansion along with our strategic warehouse locations give us a unique advantage to help our clients control cost, and ship or receive freight globally.” At Riverside Logistics our clients’ supply chain challenges are our challenges. Our experienced people, our innovative technologies, and our processes are proven. We use many tools to deliver solutions that allow our clients to win business and be successful. We provide real time visibility and Customized Key Performance Indicators (KPIs) to allow our clients to make informed decisions. At the end of the day Riverside’s goal is to focus on our clients’ supply chain so they can focus on their business.
Your Supply Chain Par tner Warehouse Space Available
International
Transportation
Warehousing
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804-474-7712
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ADVERTISING
City of Hampton
The choice is clear. Choose Hampton. Ideal location in the heart of the Mid-Atlantic region
Highly-skilled workforce
Progressive business-friendly environment
Unsurpassed quality of life
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e’ve already checked the boxes for you. The City of Hampton, Virginia is a prime location for your business whether you desire existing commercial space or need land to build. Hampton offers unique opportunities for office space such as historic buildings on a waterfront former military installation to development ready sites in our newest business park. Hampton’s broad selection of real estate product make it a great location for you to establish or expand a business. HAMPTON ROADS CENTER NORTH CAMPUS With 200-acres of developable land available, the Hampton Roads Center North Campus offers a range of
development ready sites. Major infrastructure improvements have already been made at the campus, including roads, water, sewer, electricity, natural gas, telecommunications and storm water. This location is the destination for companies who need a range of building types from Class A office to light manufacturing. Hampton Roads Center North Campus is home to the National Institute of Aerospace, the Peninsula Technology Incubator and is in close proximity to NASA Langley Research Center and Langley Air Force Base. FORT MONROE There are many great reasons to do business at Fort Monroe — a place where history and opportunity come
together. Fort Monroe is listed on the National Register of Historic Places and includes the Fort Monroe National Monument. Now, after centuries as a strategic military installation, Fort Monroe is a sought-after business destination with an extensive network infrastructure. A Dominion Energy substation is located on the property and the buildings are served by underground power service, which reduces the risk of power loss. Whether you are an entrepreneur launching a new venture or an existing business looking to relocate or expand, Fort Monroe has more than one million square feet of existing commercial buildings. Property is available for both short and long term leasing.
Our dedicated team is ready to assist you. Contact us today at 757.727.6237 or toll free at 1.800.555.3930.
Explore opportunities at www.choosehampton.com
Hampton Roads Center North Campus ADVERTISING
Fort Monroe VIRGINIA BUSINESS
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Franklin/Southampton p Countyy
Partnering Tradition with Progress
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he City of Franklin and Southampton County are prepared and poised to accommodate your business expansion. With acres of industrial property located within state-designated Enterprise Zones, these communities in western Hampton Roads have numerous benefits to offer businesses. Both localities offer close proximity to the Port of Virginia, new and expansive infrastructure and a skilled workforce for employment. The Paul D. Camp Community College Regional Workforce Development Center in Franklin is an expansive 32,000 square-foot facility offering innovative training solutions for new and existing businesses. The Franklin Business Center provides 40,000 square feet of flexible office space and conference room facilities. These communities are also home to three industrial parks that are ready and available for industry and business development.
Camp Parkway Commerce Center • 437 acres of privately owned property • Zoned M-1 light industrial • Water and sewer available onsite • Located directly off Highway 58 • 35 miles from I-95 Pretlow Industrial Park • 150 acres of publicly owned property • Zoned M-2 heavy industrial • 500,000 gallon water tower • Located directly off Highway 58 • Access to natural gas • 40 miles from I-95 Southampton Commerce and Logistics Center • • • • • •
70 acres of publicly owned property Zoned M-2 heavy industrial 500,000 gallon water tower Access to natural gas 40 miles from I-95 CSX rail access
For more information about the City of Franklin or Southampton County call 757-562-1958 or email info@franklinsouthamptonva.com.
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AUGUST 2018
ADVERTISING
Isle of Wight County
Isle of Wight County: Local Roots, Global Reach
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sle of Wight County is a progressive community in the western Hampton Roads region that embraces change while protecting the integrity of its rich cultural and historical heritage. The County’s 319 square miles provides fertile ground for its most prosperous businesses, including Smithfield Foods, Inc., Keurig Green Mountain Coffee, and International Paper. This growing County personifies the theme “local roots, global reach.�
Industrial Development Strategically located for port-related businesses, the County-owned 1,500-acre Shirley T. Holland Intermodal Park provides affordable sites close to The Port of Virginia. Design and engineering work are completed and permits have been issued, creating an 82-acre, shovel-ready site that can accommodate up to a 1 million-square-foot building. Businesses in the park can easily access the Port using U.S. Route 460 or U.S. Route 58 or by rail on the adjacent Norfolk Southern Heartland Corridor. The park is a “Magnet Site� within Foreign Trade Zone #20 and is a designated Enterprise Zone, which makes businesses eligible for federal, state and local incentive programs. The
Port of Virginia also offers the Economic and Infrastructure Development Zone Grant for Port users. The park is home to three nationally recognized companies: Keurig Green Mountain, Safco Products Company and Cost Plus World Market, a subsidiary of Bed, Bath & Beyond, which together employ over 750 people. Retail and Residential Development Business is booming in the northern part of the County where an additional 2,000 residential units and 1.1 million square feet of new retail and office space is approved for development along the Route 17 corridor. Briar Meade Estates is under construction with 43 single-family homes. Residents are moving into Nest on 17, Carrollton’s new gated community featuring 208 luxury apartments by The Breeden Company. Benn’s Grant by East West Communities, Isle of Wight’s newest single-family and townhome community, continues to welcome new residents and was the fourth ranked subdivision in Hampton Roads based on closings. A total of 536 units are planned. townhome community, welcomed its first residents in 2016 and was the fifth ranked subdivision in Hampton Roads based on closings. A total of 320 units are planned.
To learn more about how your business can put down roots in Isle of Wight County, call 757-356-1962 or visit www.insidetheisle.com.
LOCAL ROOTS, GLOBAL REACH There are many reasons to put down roots in Isle of Wight, home of the Shirley T. Holland Intermodal Park
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ISLE OF WIGHT MAJOR EMPLOYERS: SmithďŹ eld Foods Keurig Green Mountain International Paper
ISLE OF WIGHT COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT P.O. BOX 80, ISLE OF WIGHT, VA 23397 | 757.356.1962 | IWCED@IWUS.NET | INSIDETHEISLE.COM
ADVERTISING
VIRGINIA BUSINESS
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Cox Communications
The makings of a smart region onnectivity is no longer a privilege. It’s a necessity for business growth and economic development initiatives. Cities and regions need both physical and digital infrastructure in order to formulate “smart” application uses and compete for customers and residents. As the chase for
place to handle modern corporations’ and citizens’ demands. As a result, the term ‘smart city’ has begun to surface as an ideal strategy for many communities. Amazon’s second headquarter location revealed, cities and regions are expected to have integrated infrastructure in
How does a community or region become smart? Smart communities and regions combine people, connected devices, data and processes to improve regional operations and the overall citizen experience. Combined, economic factors and livability expectations are pushing internet providers to create accessible, high-bandwidth environments that support smart application. As regions become smarter, they can expect benefits for their cities and citizens. Ensuring Virginia is at the forefront of this technology To create a smart region, all stakeholders must play equally important roles. Municipalities can look for new ways to work with local providers and vendors to achieve a streamlined and efficient approval process to institute trials, pilot projects or full deployments. Business should fully understand the efficiencies and importance of cloud-based and managed services, professional technical service and security monitoring, and how they contribute to the larger smart region ecosystem. As an internet provider, Cox is already making the necessary network investments to enable delivery of technology to power smart homes, smart businesses and smart regions of the future. Since 2006, Cox has invested more than $1.8 billion in our Virginia network alone. This investment ensures that the Commonwealth has the necessary infrastructure already in place to exceed the demands of modern businesses and residents as they look to call Virginia home. Let’s get smarter. Together.
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AUGUST 2018
ADVERTISING
City of Virginia Beach
Virginia Beach evolves from Resort Town to Global Connectivity Hub
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long with a resort lifestyle, Virginia Beach is now a tier-one digital port city and emerging global innovation hub. The world’s fastest subsea data cables installed by Microsoft, Facebook and Telxius connect Virginia Beach to Europe and South America. ACA International LTD and South Atlantic Express International Ltd. (SAEx) will land the third 72-terabit, high-speed subsea cable that will be the only system connecting South Africa directly to the U.S. It will combine with a partner system from Fortaleza, Brazil to offer a truly diverse transatlantic network, with a planned second phase from South Africa to Asia. Carrier-neutral data centers developed by Globalinx and ACA International will offer any carrier direct access to these cables, which means businesses in Virginia Beach can reach customers in Europe, Africa, the Middle East and South America more quickly and efficiently than from anywhere else in the world.
Innovation Park. The master plan supports more than 1 million square feet of office, research, wet labs and development. Working with the Center for Advancing Innovation, Virginia Beach has initiated the
VABeachBio Innovation Challenge to launch a multitude of startup companies to improve veterans’ health by focusing on cardiovascular, neurological disorders, diabetes, oncology and regenerative medicine.
To ride this next generation of innovation, contact Warren D. Harris at 757.385.6464 or wharris@vbgov.com. YesVirginiaBeach.com.
Plugged in and ready to go Virginia Beach has laid the ground work for this world-class telecommunications system with a 325-acre development park with 163 acres of available sites, certified power requirements by Dominion Energy, available fiber access hubs and permits in place. This is all in addition to a low cost of doing business, reduced property taxes for data centers, no machinery and tools tax and a highly skilled workforce. A 126-linear mile municipal fiber network connects the region ensuring municipal, educational and commercial facilities have access to the best digital technology available. Innovate. Incubate. Accelerate. Our biomedical corridor is home to the new 155-acre VABeachBio ADVERTISING
VIRGINIA BUSINESS
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hampton roads: Fort Monroe Authorityy Reimagine the future of Fort Monroe, Virginia Community redevelopment opportunity on the Chesapeake Bay in the heart of Coastal Virginia’s historic waterfront Exemplary Land Use Planning The Reuse Plan and the Fort Monroe Master Plan serve as guidelines to capture and enhance the essence of a mixed-use community that furthers our mandates of preserving this historic site and sharing our rich history while striving to achieve economic sustainability. Provide Sustainable Revenue Fort Monroe is an economic engine for our community, our region, and our state. To achieve a successful performance model, respondents will implement their proportional role in the sustainability of the common area, special events, and community spaces in order to maintain the ambiance of this special place.
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or the past 400 years, Virginia Indians, military generals, and our nation’s presidents have all made their mark on Fort Monroe. The next chapter can include your dream. A community redevelopment RFQ is now available to reimagine this special place, with up to 100 acres and 900,000 square feet of existing structures laying the foundation. The property is a National Historic Landmark (NHL) and approximately 50% has been dedicated to the National Park Service (NPS) as a National Monument. Distinctive, 360-degree views of the Chesapeake Bay waterways and historic stone ramparts are your
backdrops for an adaptive reuse: stimulating campus, creative business, or residential environment. The Fort Monroe Authority (FMA) invites qualified respondents with the experience and capacity to accept the challenges of this unique, adaptive reuse project. The core values of the Fort Monroe Authority are exemplified through supporting the following strategies: Adaptive Use and Reuse of Historic Structures Fort Monroe will be a model of preservation and sustainability. The historic property’s treatment and standards must be fully supported to fulfill this vision.
Embrace the National Park Service Fort Monroe is a significant National Monument, often referred to as “Freedom’s Fortress.” Although the property today is divided between the FMA and NPS, the aspirational goal is to provide a borderless visitor experience without legislative barriers. Future success will be driven by demonstrating a vision for use and adaptive reuse that welcomes visitors to historic interpretation experiences and special events. Implement the Vision The FMA will select one or more respondents to implement a mutually accepted vision for the strategic project(s) at Fort Monroe. Together, this once-in-a-lifetime opportunity will build a sturdy foundation for Fort Monroe’s future purpose.
Tour the available buildings and properties on August 22. Register at reimagine.fortmonroe.org/schedule-tour. Visit reimagine.fortmonroe.org to learn more. “The vision for Fort Monroe is to redevelop this historic property into a vibrant, mixed-use community that creates social, cultural, and economic successes.” S20
AUGUST 2018
ADVERTISING
Bring your equipment, train your employees, and hit the ground running. (All while your new facility is under construction.)
COMMONWEALTH CENTRE FOR ADVANCED TRAINING AT CO M M O N W E A LT H C R O S S I N G
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Baltimore Charleston
Washington D.C. Richmond
Publicly owned by Henry County 1.2 million labor force within 60 miles Located on US Hwy 220 (future I-73) Adjacent to Norfolk Southern mainline Only 33 miles to Piedmont Triad International Airport in Greensboro, North Carolina ē 726 acres (175 pad ready) ē All utilities in place ē Advanced Manufacturing training facility onsite
Roanoke
Greensboro
Raleigh
Charlotte
Contact Mark Heath at (276) 403-5944 or MHeath@YesMartinsville.com | YesMartinsville.com
Montgomery County Montgomery County, home to Virginia Tech and the towns of Blacksburg and Christiansburg, is a progressive, technology-driven community with an abundance of outdoor amenities. Our small-town charm, natural beauty, and urban appeal make us an attractive place for businesses, families, young professionals, and active retirees. Centrally located in the Mid-Atlantic region of the United States along Interstate 81, we are within a day’s drive of major markets in the Northeast, Southeast, and Midwest. Progressive community Blacksburg and Christiansburg offer all the luxuries you would expect to find in a metropolitan area. There’s great shopping and dining, an emerging arts and music scene, vibrant neighborhoods, and an award-winning transit system. Numerous quaint villages surrounding the towns offer the beauty and serenity of the Montgomery
County countryside with all the conveniences of an urbanized area nearby. Technology driven economy Virginia Tech, an internationally renowned research university, is located in downtown Blacksburg. The Virginia Tech Corporate Research Park provides a catalyst for the region’s high tech industry cluster. The 230-acre park is home to over 180 research, technology, and support companies, which collectively employ more than 3,000 workers. The great outdoors Nestled between the Blue Ridge
and Allegheny Mountains, we are home to some 19,000 acres of the Jefferson National Forest, over 20 miles of the New River – the oldest river in North America – and the award-winning Huckleberry Trail. Montgomery County and the surrounding region offer plenty of opportunities to enjoy the great outdoors, including nonrecreational activities such as festivals, vineyards and breweries, and several farmer’s markets. Montgomery County’s unique assets, along with its strategic location, allow for a diversity of business sectors to thrive here, including: advanced manufacturing, biotech and life sciences, and software development and information technology. The abundant amount of amenities offered here paired with a rising technology hub, a talented, innovative, and cost-effective workforce, and a pro-business environment make Montgomery County the perfect location for your business.
Visit YesMontgomeryVA.org or call 866-270-9185 to learn more about why your business should call Montgomery County home.
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VIRGINIA BUSINESS
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