Volume 88 No. 7
JULY 2024
“The Voice of Port Industries” @VAmaritime
VIRGINIA TOP STATE FOR BUSINESS FOR RECORD 6TH TIME
infrastructure, highlighted by our Virginia Business Ready Sites Program (VBRSP), played a pivotal role in this achievement. Starting with our port and the connecting freight transportation system, our well-developed infrastructure and increasing access to shovel-ready sites ensure businesses can hit the ground running. Virginia’s public education system and workforce programs were other leading factors. Ranked number 1 for education our state’s K-12 systems, universities, and innovative workforce development programs prepare and equip talent with the skills needed to thrive in a competitive market.
VMA is thrilled to share CNBC’s recognition of Virginia as America’s Top State for Business. This is the 6th time CNBC has recognized Virginia as the best state for business, more than any other state. For the first time, infrastructure was weighted as the most crucial component for investment decisions. Virginia’s top-notch
This recognition is years in the making and testament to the incredible progress being made throughout the Commonwealth, and VMA celebrates our industry’s contributions. Let’s continue to build on this success and drive our economy forward! Source: CNBC
SUBMARINE CABLE MANUFACTURER TO LOCATE IN VIRGINIA CHESAPEAKE, VA| On Tuesday, July 9, 2024, Governor Youngkin and LS GreenLink announced plans to build a $681 million subsea cable manufacturing plant along the Southern Branch of the Elizabeth River in Chesapeake. This state-of-the-art facility will create over 330 advanced manufacturing jobs, offering wages well above the regional average. The plant will produce subsea cables for offshore wind projects along our coast and beyond, significantly increasing ship traffic to our port. This is the largest economic development announcement in the history of the City of Chesapeake, and it will house the tallest structure in Virginia, serving as a catalyst for additional offshore wind suppliers to invest in the state. This project has been years in the making. Continue Reading on Page 4
Photo: Business Wire
INSIDE THIS EDITION
h DE Acquires Offshore Wind Lease (4)
h Association in Action (6)
h Upcoming VMA Events (2)
h Port Statistics (5)
h SWAM Certified (6)
h Southern Chapter Meeting (3)
h VMA24 Banquet (5)
h VMA New Members (7)
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