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November 08, 2013
TE Connectivity, manufacturer of undersea fiber optic communication cables, announced a major expansion in Central Virginia. This expansion will bring 30 new jobs and $15 million of new capital investment to the region. Central Virginia's low cost of doing business, easy access to major markets, and well trained workforce were major factors driving the company's decision.
See full article from the Daily Progress: Governor McDonnell Announces TE Connectivity Expansion in Culpeper
October 04, 2013
Virginia tops Forbes' eighth annual list of the Best States for Businesses. The list is based on 6 important factors: costs, labor supply, regulatory environments, educated workforces, and reasonable business climate.
See full article from Forbes.com: Virginia Tops 2013 List of the Best States for Business
September 13, 2013
Five Central Virginia firms were named to the 2013 Inc. 5,000 list, which tracks the nation's fastest growing firms. The companies listed hailed from a range of industries, including technology, manufacturing, and real estate, reflecting the region's diverse economic ecosystem.
See full article in the Daily Progress: Five Local Companies Named to Inc. 5000 List
July 16, 2013
Albemarle County, the Central Virginia Partnership for Economic Development, and the University of Virginia Foundation are pleased to announce the location of two new biotech start-up companies, RioGin and Alexander BioDiscoveries, to the University of Virginia Research Park this month.
RioGin is a collaborative enterprise involving former University of Virginia faculty that is focused on improving the performance of pharmaceutical compounds through production of new safer drugs that require less frequent administration, and will create five new jobs in the community. Alexander BioDiscoveries, also started by former University of Virginia faculty, is a drug discovery company whose goal is to bring new anti-virals into the pharmaceutical pipeline and is projected to add two new jobs to its existing operations.
April 29, 2013
Louisa County is working to promote and improve its development opportunities, access to tranportation links, and financial incentives in order to expand and diversify its economy. Most recently, the county has announced plans to establish a $150,000 grant program to help small and startup businesses. These programs are designed to spur economic growth and provide job opportunities to its citizens, many of whom are communitng outside of the county for work.
See full article in the Daily Progress: Louisa County on the Rise Economically