Virginia Economic Development Partnership Receives 2018 State Of The Year Award

Virginia Economic Development Partnership Receives 2018 State Of The Year Award

While the Commonwealth has been getting a lot of attention from emerging high-tech growth sectors, Virginia hasn’t lost sight of its traditional growth industries.

Business Facilities Chief Business Officer Ted Coene presents the 2018 State of the Year Award to Stephen Moret, President and CEO of the Virginia Economic Development Partnership. (Photo: Neil Eisenberg)

The State of the Year designation is based on BF’s evaluation of Virginia’s economic development strategy and the economic impact of the top projects the state secured in 2018.

“Virginia has an economic development strategy that is fully leveraging the Commonwealth’s impressive assets and producing spectacular results,” BF Editor in Chief Jack Rogers said. “VA already was home to a bevy of Fortune 500 headquarters when it landed Amazon’s HQ2. The state has invested wisely in 21st century infrastructure, supporting the nation’s leading data center hub with a robust fiber optic network, and its world-class universities are producing the talent for emerging growth sectors like cybersecurity and unmanned aerial vehicles.”

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Grand Springs Water voted best in US

Grand Springs Water voted best in US

The Berkeley Springs International Water Tasting competition has been called the “Academy Awards of Water.”

And on Saturday, the 29th Annual Berkeley Springs International Water Tasting was held with entries from five continents making this “truly an international event,” said Robert Smith, owner of Grand Springs Water in Alton, who came home with a silver award for having the second best water in the world and the best in the United States.

The competition consists of entries in five different categories of products from around the world including Best Municipal Water, Best Bottled Water, Best Sparkling Water, Best Purified Water and Best Flavored Essence Sparkling.

The most prestigious award is to receive the Best Bottled Water in the World award.

Grand Springs Water of Alton has received this prestigious award twice in years past winning it back to back in 2008 and 2009, Smith said.

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Featured

A More Diverse Economy

Region Recruits Companies From a Variety of Industries

The Southern Virginia region is pushing past its legacy of tobacco production and textile manufacturing to recruit a diversified group of companies.

“When the city of Danville was a mill and tobacco-processing town, we had two industries, and those got wiped out, and we got wiped out,” says Linwood Wright, a former Danville mayor who serves as a consultant to the city’s office of economic development. “Today we only have one tobacco processing plant, Japan Tobacco Inc., and it is state-of-the-art.”

Danville scored two huge economic development projects last year with Essel Propack’s expansion and PRA Group Inc.’s decision to establish a call center. The two announcements alone amounted to $46.2 million in capital investment and 545 new jobs.

The city had worked with PRA on the call center deal for some time. The Norfolk-based debt recovery company is investing $15.1 million in the call center and expects to create 500 jobs. Danville competed with several states for the project.

PRA bought an Airside Industrial Park building that had housed a Telvista call center. About 300 people lost their jobs when Telvista closed the call center in March. “PRA will pay their employees close to twice what Telvista was paying their employees,” Wright says.

Essel Propack, an India-based specialty packaging company, plans to spend $31.2 million in expanding its Danville manufacturing operations. The project will allow the company to double production at the Danville facility.

The city competed with Brazil and Argentina for the expansion project, which is expected to create 45 additional jobs. Essel Propack has more than 2,850 employees worldwide, including 252 in Danville, its only U.S. manufacturing operation.

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Institute for Advanced Learning and Research (IALR) to Build Center For Manufacturing Advancement

 51,250-square-foot, $25.5 million Center to enhance Southern Virginia’s advanced manufacturing field

(DANVILLE, Va.) – The Institute for Advanced Learning and Research (IALR) is pleased to announce plans to build a 51,250-square-foot Center for Manufacturing Advancement (CMA) on the IALR campus. The innovative CMA will offer a platform for leading-edge business success specifically targeted at manufacturing companies establishing or expanding their presence in Southern Virginia.

“The skill sets and demand for advanced manufacturing labor are continuously growing alongside the endless evolution of technology,” said Mark Gignac, Executive Director of IALR. “IALR has proudly championed the growth of this sector as one path toward regional economic transformation with the Gene Haas Center for Integrated Machining Technology; temporary, rapid-launch space for companies to use as they build, upgrade or occupy a permanent new facility; and economic development support to help attract new manufacturers to the area to benefit from the workforce pipeline and other regional assets of Southern Virginia. This new Center for Manufacturing Advancement will allow us to continue these activities on a larger scale and to promote business success in a collaborative, innovative setting.”

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New Manufacturing Center Coming to Danville

From WSET

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PRA Group, Inc. to make a capital investment of $15.1 million to establish new call center

DANVILLE—Governor Ralph Northam today announced that PRA Group, Inc., a global leader in acquiring and collecting nonperforming loans, will make a capital investment of $15.1 million to establish a new call center in the City of Danville. Virginia successfully competed with multiple states for the project, which will create 500 new jobs.

“PRA Group’s multi-million-dollar investment will harness Southern Virginia’s abundant talent in the corporate services industry by creating 500 new jobs, and bring a shuttered asset in the Airside Industrial Park back into productive use,” said Governor Ralph Northam. “PRA Group is a prime example of a home-grown Virginia business developing into a valued major employer in the Commonwealth, and we look forward to the company’s next chapter in the City of Danville.”

Founded in Norfolk, Virginia as Portfolio Recovery Associates, PRA Group, Inc. is now one of the nation’s largest debt recovery firms. By returning capital to banks and other creditors, the company helps to expand financial services for consumers in the Americas and Europe. PRA Group employs more than 2,000 in its Norfolk and Hampton facilities and 5,000 worldwide.

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Featured

Governor Northam Announces 45 New Jobs in the City of Danville

Essel Propack to invest $31.2 million to expand manufacturing facility

RICHMOND—Governor Ralph Northam today announced that Essel Propack, a global specialty packaging company serving the consumer goods and pharmaceutical sectors, will invest $31.2 million to expand its manufacturing facility in the City of Danville. Virginia successfully competed with Brazil and Argentina for this project, which will create 45 new jobs.

“The City of Danville is a hub for applied research and technological innovation in the advanced manufacturing industry, and Essel Propack has been an important part of this ecosystem since its arrival in 2002,” said Governor Northam. “With access to the region’s pipeline of skilled talent and low operating costs, Essel Propack has flourished in Southern Virginia. We are proud to have a company of this caliber on our corporate roster, and look forward to the Essel Propack’s continued success in the Commonwealth.”

Essel Propack is a publicly-held company headquartered in Mumbai, India. Founded in 1982, the company produces a wide range of multilayer collapsible tubes and laminates used for packaging in personal care, food, pharmaceutical, and industrial applications. Essel Propack employs over 2,850 employees worldwide, including 252 at its first and only U.S. manufacturing operation in the City of Danville. The expansion will allow the company to double production at the Danville facility through the introduction of new Super High-Output tubes (SHOT) technology.

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Danville Based Supply Resources and Lynchburg Public Warehouse Expand

Danville Based Supply Resources and Lynchburg Public Warehouse Expand

Supply Resources and Lynchburg Public Warehouse are pleased to announce their expansion in the Lynchburg area market, with the acquisition of the Veritiv/xpedx (formerly Dillard Paper) distribution center in Lynchburg VA. SRI and LPW are under the common ownership of Rick Barker and are headquartered in Danville VA.

Supply Resources, is a packaging design, sourcing and distribution company serving customers in the industrial, retail and distribution sectors. Lynchburg Public Warehouse, is a complimenting warehouse-fulfillment company that provides logistics support for some of the region’s largest employers.

Lynchburg is a dynamic market with demanding third-party logistics (3PL) requirements from various regional industries. With today’s popular Just-In-time business philosophy, many companies need warehousing, inventory management, and local transportation to manage their lean manufacturing/distribution operations.

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‘You are all a model’ governor says of region at announcement of new jobs for Danville

‘You are all a model’ governor says of region at announcement of new jobs for Danville

A United Kingdom-based manufacturer will invest $8 million to build a plant and bring 49 jobs to the Dan River Region over five years.

Harlow Group Ltd. will locate its first U.S. manufacturing plant in the Cyber Park in Danville. Founded in 1975 and based in Harlow, U.K., the company offers services ranging from product design to production of sheet metal products. Its customers include GE, Pitney Bowes, Raytheon, Sony, BF Goodrich and Lotus.

The company will build a 30,000-sqaure-foot facility and operate in Danville as Harlow Fastech. It will be in the Hawkins Building at the Institute for Advanced Learning and Research during construction.

In addition, the company will establish a U.S. Training Center of Excellence, a new facility that will focus on additive manufacturing.

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UK company investing $8 million to build first US plant in Danville, bringing 49 new jobs

Governor Ralph Northam was in Danville Thursday where he announced that a manufacturing plant is investing $8 million to locate it first U.S. precision sheet metal fabrication plant in the City of Danville and Pittsylvania County.

Harlow Group Ltd. is a United Kingdom-based company that will establish a U.S. Training Center of Excellence, a new facility with a focus on additive manufacturing, which will be located in the Danville-Pittsylvania County Regional Industrial Facility Authority-owned Cyber Park.

Virginia successfully competed against Alabama for this project, which will create 49 new jobs.

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