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Virginia: At The Ready For Business

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Virginia: At The Ready For Business


By Anne Cosgrove
From the September/October 2024 Issue

Site development across Virginia is in motion, with the state having introduced a targeted effort in 2022. This past July, Governor Glenn Youngkin awarded a total of $126 million in Virginia Business Ready Sites Program (VBRSP) development grants for 23 sites across the Commonwealth. Administered by the Virginia Economic Development Partnership (VEDP), this discretionary program partners with localities, utilities, and state agencies to fund infrastructure improvements that build operations-ready sites. 

In addition to developing the project-ready sites, the VBRSP program assembles permits and approvals to make way for a smooth construction process. VBRSP identifies, assesses, and improves industrial sites with at least 100 contiguous, developable acres, or 50 acres in the western part of the Commonwealth and in areas with other qualifying conditions.

“Speed to market is a major consideration in site selection decisions, and the Virginia Business Ready Sites Program has helped Virginia increase its inventory of suitable sites for major projects,” said Secretary of Commerce and Trade Caren Merrick at the July announcement. “This round of the Virginia Business Ready Sites Program will enhance 23 sites across the Commonwealth, ensuring all of Virginia is positioned to fully capture economic development and job creation opportunities for years to come.”

Located in Arlington, VA, the Ronald Reagan Washington National Airport is one of the 65 public-use airports in the Commonwealth. (Photo: Adobe Stock/ nate hovee)

Since the program’s inception in 2022, 45 sites have received funding, and to date, 3,720 direct jobs have been announced on sites that have received VBRSP grants. In 20224, 23 sites representing more than 10,000 acres of developable land are receiving funding.  

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“Virginia has worked strategically to create a diverse portfolio of project-ready sites to meet company needs in a variety of target sectors, and these grants are a primary reason why Virginia is recognized as a national leader in site development,” said Jason El Koubi, VEDP President and CEO. “I am incredibly proud of the results of the program’s efforts. This investment in Virginia’s infrastructure will continue to accelerate economic development in every region of the Commonwealth for years to come.”

VBRSP was developed by a team of state, regional, and local partners including VEDP, Virginia Department of Environmental Quality, railroad representatives, utility representatives, civil engineers, and other government, business, and industry representatives.

Richmond Airport Handles Record Cargo

According to reported statistics, activities attributable to the Richmond International Airport (RIC) create nearly 16,000 jobs and contribute about $2.1 billion in annual economic activity. Commercial activity at RIC reflects operations by Allegiant, American, Breeze, Delta, JetBlue, Southwest, Spirit, Sun Country (seasonal), United and their regional airline affiliates, as well as cargo operations by Amazon, DHL, FedEx, and UPS.

Over the past two and a half years, an average of 16 million pounds of cargo has moved through RIC each month. The May 2024 data reporting 20.3 million pounds was the most cargo through the facility since at least January 2014. Since January 2022, cargo moving through the airport has increased an average of 1% per month.

Canon Virginia Expands, Plenty Unlimited Opens

Canon Virginia, Inc., the global manufacturer of consumer and office products, will expand its manufacturing facility in the City of Newport News. The expansion will support Canon’s initiative to scale a method of isolating natural silk protein to create a solution with applications for multiple industries. Canon Virginia will retrain 30 employees to staff the new line, which is one of the company’s first ventures outside their longstanding core business of image-related products.  

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“This announcement brings great opportunity for Canon Virginia to continue our commitment to innovation, growth and development in Virginia,” said President & CEO of Canon Virginia, Inc. Shingo Shigeta.

“With this expansion, we will make silk protein a viable commercially scaled technology with broad application use in various segments,” continued Shigeta. “Virginia’s conducive business environment and the healthy business ecosystem has helped us achieve this goal—this is only possible through unwavering support from the Commonwealth of Virginia, Gov. Youngkin, VEDP, the City of Newport News, and the Hampton Roads Alliance.”

Canon Virginia is expanding its manufacturing capacity at its site in Newport News. (Photo: Canon Virginia)

Canon Virginia, Inc., a subsidiary of Japanese corporation Canon Inc., serves as the Canon manufacturing, engineering, recycling and technical support center for the Americas. Canon Virginia produces products such as the new silk protein using advanced manufacturing methodologies while also serving as a factory service center providing customer service in the repair and refurbishment of Canon products. Canon Virginia’s manufacturing services extend to injection mold making, contract manufacturing, medical contract manufacturing and aftermarket services. 

VEDP worked with the City of Newport News to secure the project and will support Canon Virginia’s retraining efforts through the Virginia Jobs Investment Program. Gov. Youngkin also approved a performance-based grant of $350,000 from the Virginia Investment Performance Grant, an incentive that encourages continued capital investment by existing Virginia companies.

In Chesterfield, VA, Plenty Unlimited chose a site in 2022 for its indoor vertical farming operation. This fall, the company opened the new facility slated to produce more than four million pounds of strawberries annually by growing vertically on towers that are 30 feet tall. The Greater Richmond operation is the world’s first farm to grow indoor, vertically farmed berries at scale. 

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The Plenty Richmond Farm Campus is the largest indoor vertical farm campus in the world and a projected $300 million investment that is planned to bring more than 300 total jobs to Virginia.

The first set of strawberries from the farm is expected to be available in early 2025.

Check out all the latest news related to Virginia economic development, corporate relocation, corporate expansion and site selection.



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Raccoon passes out on Virginia liquor store bathroom floor after drunken rampage

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Raccoon passes out on Virginia liquor store bathroom floor after drunken rampage


The masked burglar broke into the closed Virginia liquor store early on Saturday and hit the bottom shelf, where the scotch and whisky were stored. The bandit was something of a nocturnal menace: bottles were smashed, a ceiling tile collapsed and alcohol pooled on the floor.

The suspect acted like an animal because, in fact, he’s a raccoon.

On Saturday morning, an employee at the Ashland-area liquor store found the trash panda passed out on the bathroom floor at the end of his drunken escapade.

“I personally like raccoons,” said Samantha Martin, an officer who works at the local animal control. “They are funny little critters. He fell through one of the ceiling tiles and went on a full-blown rampage, drinking everything.”

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Martin said she took the raccoon back to the animal shelter, though she had her fair share of giggles along the way.

“Another day in the life of an animal control officer, I guess,” she said.

Raccoons are common in Virginia, according to the state’s Department of Wildlife Resources. They are found in forests, parks and sometimes in cities — and apparently, at a liquor store.

The Hanover County Animal Protection and Shelter commended Martin for handling the break-in, and confirmed the raccoon had sobered up.

“After a few hours of sleep and zero signs of injury (other than maybe a hangover and poor life choices), he was safely released back to the wild, hopefully having learned that breaking and entering is not the answer,” the agency said.

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It’s not the first time this year that a raccoon was found in a place where it shouldn’t have been. In May, a raccoon was found with a glass methamphetamine pipe in its mouth and was sitting in the driver’s seat of a car in Ohio.

The vehicle was pulled over because its registered owner had an active warrant and a suspended driver’s license, the Springfield Township Police Department said.



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New shipping container bar-restaurant Virginia Transit Co. taking shape in Richmond

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New shipping container bar-restaurant Virginia Transit Co. taking shape in Richmond


RICHMOND, Va. — Another food and beverage venue fashioned from shipping containers is taking shape in Richmond, this time near the Sauer Center courtesy of a D.C. restaurant group.

The Virginia Transit Co., or Vitco as its founders John Groth, Arturo Zaloga and Matt Weaver refer to it, will be a bar, restaurant and event space constructed mostly out of dozen shipping containers on a vacant parcel at 1010 N. Meadow St.

Vitco is the second concept for Groth, Zaloga and Weaver, who in 2021 opened Metrobar, a similar concept in D.C. that’s anchored by a 75-foot-long former Washington Metro car that they repurposed into a restaurant and bar. For their Richmond venture, they’re incorporating a decommissioned streetcar. Click here to continue reading on Richmond BizSense.





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Could Virginia’s express lane extension plan go into Maryland?

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Could Virginia’s express lane extension plan go into Maryland?


Virginia recently expanded its express lane network, with new lanes opening in the Tyson and McLean areas. So what happens when those lanes end right around the American Legion Bridge?

Maryland leaders are now being questioned about the possibility of express lanes reaching their side of the Potomac.

Virginia has basically gone as far as it can with express lanes on this section of the Beltway. The American Legion Bridge belongs to Maryland, and anything that’s going to happen across this bridge or into the Maryland Beltway, that is solely on the state of Maryland.

Should even more express toll lanes now head across the legion bridge and continue into Maryland? News4 asked some Maryland drivers and support for a new, quicker travel option across the Potomac.

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“It would be nice to go to Tysons again,” said Matt, a Maryland driver. “It’s kind of impossible to get there with the traffic.”

“Because it’s time-saving and there’s so much traffic on the Beltway coming to and from, I think it would be a nice addition,” said Stephanie, another Maryland driver. “I don’t want to go through the hassle of making it, so, but other than that would be in favor.”

Any new improvement will take construction — and a lot of it.

Chris Conklin with Montgomery County’s Department of Transportation told News4 much of their focus, along with the state right now, is on building a new American Legion Bridge or making serious upgrades to the existing structure.

“From what we understand, the state is working hard to come up with a viable financial plan to enhance, repair and replace the American legion bridge,” he said.

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That could mean federal funding or some sort of toll revenue plan for the bridge.

Experts News4 has talked to say the existing Legion Bridge in its current form will need serious upgrades or need to be replaced completely by the end of this decade — as in four years or so.

Maryland’s Department of Transportation sent News4 a statement about the Legion Bridge, saying, “Current activities funded in Maryland’s capital budget include completing field investigations necessary for final design and construction, acquiring permits and developing a life cycle study for the Legion Bridge to determine various options to maintain the existing bridge in a state of good repair.”

During a ribbon cutting for the new express lanes in Virginia, outgoing Gov. Glenn Youngkin talked about the need for Maryland leaders to begin improvements on their side of the beltway.

“We collectively urge Maryland to get on with it,” he said.

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Sources also say the Moore administration in Maryland is looking forward to better agreement about how to reshape this part of the Beltway with incoming Virginia Democratic Gov. Abigail Spanberger.

Officials also told News4 money for a new Legion bridge could be tight, because Maryland has other bridge projects in the works, including replacing the collapsed Key Bridge in Baltimore and safety improvements to the Bay Bridge.



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