Virginia Economic Development Partnership

Foreign direct investment (FDI) is a foundational component of the U.S. economy, and Virginia is home to more than 1,000 foreign-owned companies that employ more than 200,000 people. In this issue of Virginia Economic Review, we explore the economic value FDI brings to countries, states, regions, and localities while detailing Virginia’s advantages and resources for international companies and resources for companies looking to invest in the United States. Read the issue here: https://hubs.ly/Q02rhChk0

Virginians and visitors interested in exploring the many waterways off the Chesapeake Bay can launch from Deltaville in Middlesex County, known as the "Boating Capital of the Chesapeake Bay."

ICYMI: Topsoe, a Danish manufacturer and global leader in carbon emission reduction technologies, announced plans to build a Solid Oxide Electrolyzer Cell (SOEC) manufacturing facility in Chesterfield. Pending Final Investment Decision, the factory will be Topsoe’s largest investment in the U.S. to date. To support the next generation of innovators, Topsoe also plans to launch the “Topsoe STEM Scholarship” program which will be award to eligible high school seniors seeking to continue their education in STEM. Read more about the announcement: https://lnkd.in/dYgpACe7

It is National Small Business Week! 84% of exporters in Virginia are small and medium sized enterprises with fewer than 500 employees. It is now easier than ever for businesses, no matter what size or in which sector, to experience the benefits of international trade. Learn more: https://exportvirginia.org

ESS Technologies, Inc. A Pacteon Company that specializes in complete packaging line design and equipment manufacturing will invest  $1.6 million to increase capacity and expand in Montgomery County. As part of this new expansion, ESS will consolidate its current facilities in Giles and Montgomery into one larger operation in Montgomery County, increasing the square footage to 40,000 square feet at the new location to increase production capacity. The project will create 27 new jobs. https://hubs.ly/Q02vJ-850

Topsoe, a Danish manufacturer and global leader in carbon emission reduction technologies, plans to invest more than $400 million to build a factory in Chesterfield County. The company will manufacture advanced, energy-efficient Solid Oxide Electrolyzer Cells (SOEC) that are essential in the production of clean hydrogen at the facility. The project is expected to create 150 new jobs. https://hubs.ly/Q02vGVmg0

Across Virginia, New And Expanding Firms Reflect Diverse Opportunities: From distribution to data sciences and from aerospace to manufacturing, a range of businesses have announced investments in the Commonwealth this spring. Congrats to all! Read about it on BusinessFacilities.com 📣 https://lnkd.in/e3zP2WFc 📣 Virginia Economic Development Partnership Henrico County Arlington County Government Fairfax County Economic Development Authority City of Manassas City of Danville, Virginia Southern Virginia Regional Alliance #virginia #econdev #siteselectors #datascience #distribution #manufacturing #sustainability #aviation #veterans #globalHQ Business Facilities magazine

The Virginia Tech Transportation Institute (VTTI) is continually advancing transportation through innovation and has influenced public policy on national and international levels. VTTI is the largest university-led transportation institute in the United States and supports students who are gaining first-hand knowledge into the field of transportation research. To accomplish its groundbreaking research, VTTI uses a range of advanced testing facilities that include the Virginia Smart Roads and the Virginia Automated Corridors. Learn how VTTI is advancing transportation through innovation: https://hubs.ly/Q02tZZHH0

A diverse, steadily growing ecosystem of automotive manufacturers, innovators, and customers already thrives in Virginia, with ready access to specialized supply chains and a strong manufacturing base. The Commonwealth’s automotive companies span the entire value chain and all major industry subsectors, including manufacturers of auto parts and tires, vehicle assembly operations, and suppliers of parts, materials, and subcomponents, among others.

Southern Virginia is a region built on manufacturing that delivers strategic access to markets, a skilled talent pool, and innovative, targeted workforce training. Find out more at https://hubs.ly/Q02tZZ9M0 #FindYourAdVAntage