~Virginia rises to first in Atlantic region in Site Selection Magazine rankings~
Source: Governor of Virginia
RICHMOND – Governor Ralph Northam today announced that Virginia rose from second to first in the Atlantic region in a recent analysis of state workforce development activities conducted by Site Selection Magazine. Among the eight states that were ranked, Virginia scored ahead of highly competitive states such as Florida, North Carolina, Maryland, and Delaware. This year, the magazine based their analysis on the context in which each
Entrepreneurs, new business startups and existing business owners are invited to participate in Virginia Growth Alliance’s 2018 Regional Business Competition, “Growing Entrepreneurs Together” (G.E.T.)
The G.E.T. business competition is designed to cultivate local economic development by inspiring and supporting local entrepreneurs and existing businesses with a desire to expand in the VGA towns of Clarksville, South Hill, and the city of Emporia.
The competition will give rise to many budding entrepreneurs and expanding businesses that have been prepared through a free 6 week bootcamp-style workshop series provided by the experts at the Longwood Small Business Development Center (LSBDC). These workshops will be instrumental in guiding participants through studying the feasibility of their proposed business, exploring business models, and developing successful business plans.
Multiple winners will be awarded prizes that range from $5k to $30k. Additionally, winners could receive other benefits that include access to a low-interest revolving loan funds, building lease rebates, local and regional business mentoring, and other local incentives to be announced.
The Southern Virginia GO Region 3 Council announces the issuance of four Requests for Proposals as described in the full text PDF document below:
The Southern Virginia GO Region 3 Council announces the issuance of four Requests for Proposals as described below. The RFPs are available here. Responses to all RFPs are due in full by the following dates and times, to the Southside Planning District Commission:
Oran Safety Glass to invest $4.45 million to expand manufacturing operation
EMPORIA – Governor Terry McAuliffe today announced that Oran Safety Glass (OSG), a manufacturer of specialty glass for buses, military vehicles, and trains, will invest $4.45 million to expand its manufacturing operation in Greensville County. Virginia competed against Wisconsin for the project, which will retain 75 existing jobs and create 55 new jobs. Governor McAuliffe successfully recruited this expansion for the Commonwealth during the July 2016 trade and marketing mission to Israel where he met with OSG executives.
“Oran Safety Glass' second expansion since opening its U.S. manufacturing facility in Greensville County ten years ago demonstrates the impact that Virginia’s industrial environment can have on the development of our existing businesses,” said Governor McAuliffe, speaking at the event. “The decision by an international corporate partner to reinvest in the Commonwealth is a major statement for the region, and we are proud that OSG’s operation in Southern Virginia can accommodate the company’s future growth. As we continue to diversify and build the new Virginia economy, we celebrate the addition of 55 new, quality jobs in a region that continues its economic rebound.”
PRINCE EDWARD COUNTY - Board of Supervisors Chair Robert “Bobby” Jones today announced CML Logistics (CML), a leader in post-industrial plastic scrap recovery, will invest to establish an operation in Prince Edward County. Virginia successfully competed against Colorado and North Carolina for the project, which will initially bring 10 - 15 jobs.
New tourism development financing project will rehabilitate and convert an existing building
Governor Terry McAuliffe today announced that more than $12.2 million will be invested in Farmville to establish the Hotel Weyanoke, creating 76 new jobs and spurring an economic impact of more than $7 million in annual traveler spending. The project will receive support through the Virginia Tourism Corporation's (VTC) Tourism Development Financing Program (TDFP), a gap financing program for larger-scale tourism development projects, geared toward fostering partnerships with developers, localities, financial institutions, the Virginia Resources Authority and VTC. The project reflects a projected tax benefit of over $500,000 in its first full year of operation. The hotel is slated to open in the spring of 2018.
"Virginia is a premier global travel destination and tourism is an indispensable diversifier for the state's economy, generating $23 billion in revenue annually," said Governor McAuliffe. "Projects like the Hotel Weyanoke are instant revenue generators for the Commonwealth and our communities, and this new accommodation will complement the existing tourism attractions that make the Farmville area so special. I congratulate the City of Farmville on this great tourism win for Virginia."