Digital Realty Adds to Loudoun County’s Data Center Alley

Friday, 18 May 2012 09:06 by Info@YesVirginia.org
Congratulations to Loudoun County for winning another expansion from data center provider, Digital Realty. The company officially broke ground on its fourth building in what’s known as “Data Center Alley” in Loudoun County, Va...

Congratulations to Loudoun County for winning another expansion from data center provider, Digital Realty. The company officially broke ground on its fourth building in what’s known as “Data Center Alley” in Loudoun County, Va.

The two-story, 214,000-square-foot building will house 10 data centers and bring an $80 million investment along with 180 temporary positions and 12 full-time jobs to the area. With more than 50 percent of the world’s internet traffic flowing through Loudoun County each day, the region certainly has become a hub for leading data center operations. Add to that an energy rate 28 percent below the national average and 10 million square feet of data center capacity, and one can easily see why data centers are flocking to Virginia.

Data processing was actually the dominant sector across the Commonwealth in 2011, accounting for more than $960 million in capital investment and almost half of the nonmanufacturing investment. Virginia is poised to continue its growth in the sector as it has both the highest concentration of high-tech workers in the nation and the advanced telecom infrastructure across the Commonwealth to support the industry.

Virginia data centers claimed three of the top 10 spots in Southern Business & Development’s 2011 Ten Best Data Center Sites in the South list. In addition, Bristol, Va., was touted in the study Broadband at the Speed of Light as one of the first municipalities in the nation to build a citywide Fiber-To-The-Home network.

To learn why leading companies have invested more than $4.4 billion in Virginia data centers over the last ten years, click here.

State, local and company officials celebrated the opening of Digital Realty’s newest building at the groundbreaking ceremony in Loudoun County.

Virginia Wins Site Selection Magazine’s 2011 Competitiveness Award

Monday, 7 May 2012 09:49 by Info@YesVirginia.org
Site Selection Magazine named Virginia the winner of its annual Competitiveness Award, which recognizes excellence on the part of a state-level economic development group...

Site Selection magazine named Virginia the winner of its annual Competitiveness Award, which recognizes excellence on the part of a state-level economic development group. The Virginia Economic Development Partnership (VEDP) accepted the award at the Industrial Asset Management Council’s Spring Professional Forum held in Austin, Texas.

The Competitiveness Award was based on a 10-factor index using Conway Data Inc.’s New Plant database. The number of new and expanded facilities, capital invested in new and expanded facilities, total jobs created, the individual state tax climate and state unemployment rate were a few of the factors used in selecting the Commonwealth as the winner.

Virginia’s low-tax business climate, right to work status and competitive operating costs were just some of the benefits touted by Site Selection. Add to that a world-class transportation infrastructure, robust telecommunications network, and a tech-savvy workforce, and it’s easy to see why Virginia is the clear winner.

This award continues the positive recognition the Commonwealth has seen in 2012. Virginia has already been recognized with a Top 3 Economic Outlook Ranking from the American Legislative Exchange Council’s Rich States, Poor States study, a Top 5 ranking in Site Selection’s Governor’s Cup, a Top 3 ranking on Gallup’s Job Creation Index, and a Top 10 ranking on Chief Executive’s Best States for Business.

To learn why Virginia continues to garner attention as a top state for business, click here.

Mark Arend, Site Selection Editor in Chief, presents VEDP representative Brent Sheffler with the Competitiveness Award.

Virginia Wins Another Defense Company's Corporate Headquarters

Tuesday, 1 May 2012 15:02 by Info@YesVirginia.org
Yesterday, DRS Technologies announced it would relocate its corporate headquarters from New Jersey to Arlington County, Va. The company will expand its Virginia presence to more than 100 employees, bringing a capital investment in excess of $10 million to the region...

Yesterday, DRS Technologies announced it would relocate its corporate headquarters from New Jersey to Arlington County, Va. The company will expand its Virginia presence to more than 100 employees, bringing a capital investment in excess of $10 million to the region.

The defense technology leader is a subsidiary of Italian conglomerate Finmeccanica S.p.A., a top ten global defense and aerospace leader. DRS Technologies develops a wide range of mission-critical systems for homeland security and military needs.

The Governor met with company officials at the Farnborough International Air Show in summer 2010.

Virginia was chosen for the company’s new headquarters location due to its proximity to key customers in the D.C. area, as well as the company’s positive experience with Virginia’s pro-business regulatory environment and tech-savvy workforce. Virginia has the highest concentration of high-tech workers according to Cyberstates 2011.

To learn why major defense companies such as DRS Technologies, Northrop Grumman, ITT Exelis and ATK have all recently selected the Commonwealth for their headquarters location, click here.

Site Selection Magazine’s Governor’s Cup Awards Virginia a Top 5 Ranking

Thursday, 15 March 2012 11:07 by Info@YesVirginia.org
Site Selection Magazine awarded Virginia a Top 5 ranking with its annual Governor’s Cup for new and expanded facilities. Virginia’s 273 new projects and expansions showed an increase of 44 percent over 2010, allowing the Commonwealth to climb from 10th place last year to 5th place this year...

Site Selection Magazine awarded Virginia a Top 5 ranking with its annual Governor’s Cup for new and expanded facilities. Virginia’s 273 new projects and expansions showed an increase of 44 percent over 2010, allowing the Commonwealth to climb from 10th place last year to 5th place this year.

To be included in the rankings, new facilities and expansions had to meet at least one of the following criteria: a minimum investment of $1 million, creation of at least 50 jobs and the addition of at least 20,000 square feet of new floor space.

Northern Virginia’s Arlington/Alexandria area received a No. 8 ranking for Top Metros with populations over one million. For metro areas with a population less than 200,000 three Virginia regions made the top 10 list. The Blacksburg/Christiansburg/Radford region was rated No. 4 and Charlottesville and Danville were both rated No. 8.

Staunton/Waynesboro, Va., received a 13th place ranking in the Top Micropolitan category. Micropolitans are defined as rural areas with a population of less than 50,000.

Staunton has been in the press recently when Forbes.com picked up the publication “How to Radically Revitalize America: A Micropolitan Manifesto.” Written and photographed by Staunton business owners, the publication describes how entrepreneurs are choosing to locate their businesses in Staunton, Va., for the rich quality of life the area offers.

Virginia’s pro-business operating environment, highly skilled workforce, leading R&D centers, premier logistics network and strong quality of life are just some of the reasons Virginia continues to lead with top accolades from CNBC, Forbes.com, Pollina Corporate Real Estate and Site Selection Magazine.

To learn why Virginia is the best state for business and offers the right mix of resources to support your business, click here.

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Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

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YesVirginia Business Blog | All posts tagged 'Old Dominion University'

VEDP Releases Maritime Opportunities Export Report

Thursday, 20 March 2014 14:44 by Info@YesVirginia.org
VEDP just released its Maritime Opportunities Export Report for Virginia. The report was prepared by Old Dominion University as part of VEDP’s Going Global Defense Initiative aimed at helping Virginia defense companies mitigate the impact of sequestration by increasing international sales...

VEDP just released its Maritime Opportunities Export Report for Virginia. The report was prepared by Old Dominion University as part of VEDP’s Going Global Defense Initiative aimed at helping Virginia defense companies mitigate the impact of sequestration by increasing international sales.

This report, geared towards small and medium defense contractors, is timely given current expectations for another BRAC (Base Realignment and Closure) process and the possibility of the U.S. military shifting some assets to the Pacific Rim.

The Maritime Opportunities Export Report gives a high level overview of the process a company would need to follow in order to export defense products or services. For example, one of the first steps a company should take is determining if its product or service is on the U.S. Munitions List or the Commerce Control List so it can obtain the appropriate registration and license to export. The report also provides helpful links to federal resources that govern these procedures.

Recognizing that the most reliable indicator of future trade activity is current trade activity, the report utilized a mixture of historical data on defense import purchases combined with expected growth rates and political and financial stability to determine the export opportunity ranking by country.

The Top 10 markets for U.S. Maritime Exports are:

  1. Japan
  2. Australia
  3. United Kingdom
  4. South Korea
  5. Israel
  6. India
  7. Turkey
  8. United Arab Emirates
  9. Mexico
  10. South Africa

The report also outlines a number of emerging growth markets in the global maritime industry. These include anti-piracy products, services and technology; ship conversions and deactivations; privatized naval security; unmanned underwater vehicles for mining, mapping, environmental testing, route surveying and port surveillance; and C4ISTAR which stands for command, control, communications, computers, intelligence, surveillance, targeting acquisitions and reconnaissance.

To download the report and learn more about VEDP’s Going Global Defense Initiative, click here.

UBED — Old Dominion University Develops A Knowledge Community

Thursday, 24 May 2012 10:08 by Info@YesVirginia.org
Universities play an essential role in developing the human capital so important to economic development, leading to the current term UBED (University-Based Economic Development). Over the coming weeks, VEDP will feature a series of blogs focusing on what universities are doing across the Commonwealth to play a more active role in reaching out to the business community...

Universities play an essential role in developing the human capital so important to economic development, leading to the current term UBED (University-Based Economic Development). Over the coming weeks, VEDP will feature a series of blogs focusing on what universities are doing across the Commonwealth to play a more active role in reaching out to the business community.

According to Tom Osha, President and CEO of Old Dominion University’s (ODU) Innovation Research Park (IRP), ODU is transitioning to a more active role in economic development by developing a 24/7 live-work-play community. IRP is capitalizing on the move away from traditional research parks to an updated model — the “knowledge community.” 

This new community caters to the next generation of researchers who desire a higher level of engagement in the neighborhood where they work. No longer satisfied with commuting home to the suburbs, this generation is looking to live, work and play all in the same location. 

IRP provides just that through its location within ODU’s University Village. Impressive on its own, IRP currently has 350 employees working in two 100,000-square-foot buildings, with plenty of room for expansion. Add to that University Village’s 10 restaurants, retail stores, hotel, theater, art gallery and the Ted Constant arena, and one can see the attractiveness of such a hub.

The economic development impact occurs when companies are drawn to communities like this, bringing with them investment and new jobs to the area. One such company is ipConfigure, which chose to locate at IRP over a location in Texas due to ODU’s multidimensional offerings.

ODU’s Computational Intelligence and Machine Vision Lab was a significant consideration for the company, as their video surveillance technology utilizes just the sort of facial recognition algorithms developed at the lab. Easy access to a qualified employee base and close proximity to amenities also clinched the deal.

"ipConfigure hires ODU graduates and interns, utilizes the ODU Business Gateway, eats in the ODU Village, puts guests up at the hotel, buys tickets to ODU football and other sporting events, and attracts its customers to come to IRP to see the research happening at the Vision Lab and elsewhere around ODU," Osha stated.

The university also put ipConfigure in touch with the Virginia Port Authority, the first customer of the company’s new Wide Area Surveillance products.

ODU is a shining example of a Virginia university that is seeking to bring the benefits of its research outside the classroom by catering to the needs of businesses. To learn more about ODU’s interaction with the business community, click here.

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Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

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© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.