Frederick County exporter graduates from VALET program

Governor Glenn Youngkin announced that 11 companies across the Commonwealth, including one in Frederick County, have graduated from the Virginia Economic Development Partnership’s VALET program.

VALET, or Virginia Leaders in Export Trade, assists exporters in the state that have firmly established domestic operations and are committed to international exporting to help the business grow.

Frederick County’s representative in the program was Evolve Stone, Inc. which relocated to the area from Massachusetts in 2012, and they are makers of the world’s first Face-Nailed Artificial Stone.

Evolve Stone is also the only mortarless, color-throughout stone veneer on the market.

Through the two year VALET program, Evolve Stone and the other graduating companies were provided:

  • International sales development plan services
  • Assistance from experienced international service providers
  • Meetings with potential partners
  • Educational events
  • Customized market research

52 companies are currently participating in the VALET Program which has helped 455 Virginia based businesses since its inception in 2002.

To learn more about the VALET Program and this graduating class, click here.

For more news from across the Shenandoah Valley, click here.

CoStar Group relocates headquarters to Virginia

Governor Glenn Youngkin announced on Tuesday that CoStar Group, a leader in online real estate marketplaces, information, and analytics for commercial and residential properties, will relocate their global headquarters from Washington D.C. across the river to Rosslyn.

The company will invest $20 million to move to the 560,000 sq ft Central Palace Tower late in 2024.

The new headquarters will relocate 500 jobs and create 150 new jobs in the Commonwealth.

CoStar previously invested in the state in 2016 when the Group established headquarters in Richmond with 1,000 employees and in 2021 when they announced their plans to build a 750,000 sq ft campus which would create an additional 2,000 jobs.

The Virginia Economic Development Partnership worked with Arlington Economic Development to secure the project.

Governor Youngkin approved a $1.25 million grant from the Commonwealth’s Opportunity Fund and additional $2.5 million Virginia Economic Development Grant to secure the project.

To view the Governor’s announcement, click here.

For more news from across the Shenandoah Valley, click here.

Northrop Grumman invests $200 million in Waynesboro, creates 300 new jobs

Governor Glenn Youngkin announced that Northrop Grumman Corporation, a global aerospace and defense technology company, will establish a new advanced electronics manufacturing and testing facility in Waynesboro.

Northrop Grumman will invest over $200 million in the state-of-the-art facility which will create more than 300 jobs upon completion over the next five years.

The Virginia Economic Development Partnership worked with Waynesboro to secure the project for the Commonwealth.

Governor Youngkin also approved a $8.5 million grant from the Opportunity Fund to assist Waynesboro with the project.

Northrop Grumman will also receive support from the Virginia Talent Accelerator program to expedite the start up process with recruitment and training services at no cost to the company as an incentive for job creation.

Governor Youngkin said, “Northrop Grumman’s expanding Virginia footprint sends a powerful message that the Commonwealth is a magnet for investment underpinned by a next-generation workforce. This global leader’s cutting-edge facility in Waynesboro will provide job opportunities that attract and retain high-quality talent and create a transformational ripple effect for the entire region.”

To view the Governor’s full announcement, click here.

For more news from across the Shenandoah Valley, click here.

Virginia takes top ranking in Customized Workforce Training

Governor Glenn Youngkin announced that the Commonwealth ranked 1st in the country for Customized Workforce Training in the 19th annual Business Facilities State Rankings Report due to the success of the Virginia Talent Accelerator Program.

The workforce initiative, created by the Virginia Economic Development Partnership in collaboration with Virginia Community College System and other higher education partners, accelerates facility startups through direct recruitment and training services which are customizable to each company’s needs.

Services are provided by the state with no charge to qualified new and expanding businesses as an incentive for job creation.

The program has helped secure over 11,000 jobs with companies like Lego, Tyson Foods, Thermo Fisher Scientific and more.

To learn more about the Virginia Talent Accelerator Program, click here.

For more news from across the Shenandoah Valley, click here.

Silver Branch Brewing Company expands to Old Town Warrenton

Governor Glenn Youngkin and Silver Branch Brewing Company announced the brewery and taproom’s expansion into Virginia for the Fall of 2023.

Silver Branch will invest $3 million into the Old Town Warrenton location which will create 38 new jobs.

The former Wort Hog facility will allow the company to pursue additional production opportunities and expand its presence into the Commonwealth.

Co-Founders Christian Layke and Brett Robinson grew up in Vienna and Great Falls and are excited to join Virginia’s craft beer community.

Like the Silver Spring location, Silver Branch Warrenton Station will offer a diverse food menu, a full bar with cocktails and wine to pair with their award winning brews.

Between both locations, they will offer 18-24 rotating taps with selections inspired by the four major brewing cultures- Central Europe, British Isles, the Americas, and Belgium.

The Virginia Economic Development Partnership helped Fauquier County secure the expansion and will support Silver Branch’s production-related job creation through the Virginia Jobs Investment Program (VJIP).

To read the press release from the Office of the Governor, click here.