Services Provided by the Virginia Economic
Development Partnership are FREE:
• Professional and confidential site
selection assistance
• Tailored research of suitable land and
buildings and labor availability
• Assistance with private sector business
partners to ensure your requirements
are met
• Coordination with other government
agencies in such matters as permitting or
workforce training programs
• Arrange incentive packages for
international investors
To learn more about how Virginia can help
you be successful in North America, please
contact the Virginia Economic Development
Partnership at one of our offices listed here.
Central Office:
Roy Dahlquist
Asia
International Investment Manager
Virginia Economic Development
Partnership
901 East Byrd Street
Richmond, VA 23219
Phone: (804) 545-5762
Email: RDahlquist@YesVirginia.org
Kimberly Weir
Americas/Australia/India/Singapore
International Investment Manager
Virginia Economic Development
Partnership
8300 Boone Blvd, Suite 450
Vienna, VA 22182
Phone: (703) 506-1032
Email: KWeir@YesVirginia.org
Dave Enghauser
Europe
International Investment Manager
Virginia Economic Development
Partnership
901 East Byrd Street
Richmond, VA 23219
Phone: (804) 545-5759
Email: DEnghauser@YesVirginia.org
European Office:
Matthias Duys
State of Virginia
Avenue Louise 479, Box 55
B1050 Brussels
Belgium
Phone: 32-2-647-7433
Fax: 32-2-647-1463
Email: MDuys@YesVirginia.org
Japanese Office:
Y. Okutomi
State of Virginia
14th Floor, Kamiyacho Bldg,
Office 12/13
4-3-20, Toranomon
Minato, Tokyo 105-0001
Japan
Phone: 81-3-5404-3424
Fax: 81-3-5404-3401
Email: YOkutomi@virginia-jp.org
Web: www.virginia-jp.org
Korean Office:
Sang Yong Lee
State of Virginia
#1807 Trade Tower
Samsung-dong, Kangnam-gu,
Seoul, South Korea 135-729
Phone: 82-2-739-6248
Fax: 82-2-739-6538
Email: SLee@YesVirginia.org
Web: www.virginia.or.kr
China & SE Asia Office:
Hailey Fong
State of Virginia
Room 2209, 22/F
3 Lockhart Road
Wan Chai, Hong Kong
Phone: 011-852-2862-8078
Fax: 011-852-2862-8034
Email: HFong@YesVirginia.org
The
State of Virginia,
U.S.A. »
A Leading Gateway
to Successful Business
in North America
Virginia: Rated
the Best State
for Business.
INSTITUTIONS OF HIGHER LEARNING IN VIRGINIA:
COLLEGES, UNIVERSITIES & COMMUNITY COLLEGES
22
23
25 24
9
26
Forbes.com Best State for Business ranking.
Senior Correspondent Scott Cohn during the live
I
Simultaneously, CNBC—the leading financial news
announcement at Northrop Grumman shipyard in
cable channel that reaches influential business and
Newport News, Virginia. “More than any state,
financial leaders around the world—designated Virginia
Virginia offers a more complete package for business.
its Top State for Business.
It finished in the top 15 in all but two of our categories,”
CNBC evaluated each state in the United States on
40 different measures of competitiveness in 10 broad
said Cohn.
Forbes.com, the official Internet site of the Forbes
categories: cost of doing business; workforce; economy;
family of business publications, ranked Virginia the
education; quality of life; technology and innovation;
Best State for Business for a second straight year.
transportation; cost of living; business friendliness;
The review examines multiple measures, including
and access to capital.
business costs, regulatory climate, quality of the
workforce, and economic growth. Virginia finished in
the top 10 in four of the six main categories, including
regulatory environment (1st), quality of its workforce
(5th), overall quality of life (6th), and prospects for
growth (8th).
21
16
22
26
36
2
8 9
4
18
12
29
30
19
37
38
17
7
14 42
27
28
29
30
31
32
33
34
35
36
40
23
13
20
7
6
Colleges & Universities
1
University of Virginia’s College at Wise
2
University of Appalachia College of Pharmacy
3
Appalachian School of Law
4
National College of Business & Technology –
Bristol
5
Virginia Intermont College
6
Southwest Virginia Higher Education Center
7
Emory and Henry College
8
National College of Business & Technology –
Bluefield
9
Bluefield College
10 Radford University
11 Virginia Polytechnic Institute & State University
12 ECPI Technical College – Roanoke
Hollins University
Jefferson College of Health Sciences
National College of Business & Technology –
Roanoke Valley
Roanoke College
Roanoke Higher Education Center
13 Ferrum College
14 National College of Business & Technology –
Martinsville
15 Virginia Military Institute
16 Washington and Lee University
17 Southern Virginia University
18 Liberty University
Lynchburg College
National College of Business & Technology –
Lynchburg
Randolph College
Sweet Briar College
19 National College of Business & Technology –
Danville
20 Averett University
21 Southern Virginia Higher Education Center
22 Eastern Mennonite University
23 James Madison University
24 National College of Business & Technology –
Harrisonburg
25 Bridgewater College
26 Mary Baldwin College
11
5 10
3
4 5
weak spots for business in Virginia,” said CNBC
15
17
16
6
2
United States for a second year in a row in the
13 33 34
14 35
27 28
15
1
“According to our study, there are very few
32
11
1
n 2007, the Commonwealth of Virginia led the
31
10
19
20 8
University of Virginia
National College of Business & Technology –
Charlottesville
Longwood University
Hampden-Sydney College
Shenandoah University
ECPI College of Technology – Northern Virginia
George Mason University – Arlington
George Mason University – Fairfax
George Mason University – Prince William
George Washington University – Alexandria
Graduate Education Center
George Washington University – Arlington
Graduate Education Center
George Washington University –
Tysons Corner/McLean
George Washington University – Virginia
Gibbs College – Vienna
ITT Technical Institute – Chantilly
ITT Technical Institute – Springfield
Marymount University
Old Dominion University – Northern Virginia Center
Regent University – Washington, D.C.
Stratford University – Tysons Corner
Stratford University – Woodbridge
Strayer University – Alexandria
Strayer University – Arlington
Strayer University – Loudoun
Strayer University – Manassas
Strayer University – Woodbridge
University of Fairfax
University of Management and Technology
University of Northern Virginia – Manassas
Virginia Polytechnic Institute & State
University – Northern Virginia Center
University of Mary Washington – College of
Graduate & Professional Studies
Strayer University – Fredericksburg
University of Mary Washington – Fredericksburg
Beta Tech – Chesterfield
Beta Tech – Henrico
Bryant & Stratton College – Richmond
ECPI Technical College – Glen Allen
37
38
39
40
41
42
21
39
ECPI Technical College – Richmond
George Washington University –
Capital One Financial
ITT Technical Institute – Richmond
Randolph-Macon College
Strayer University – Chesterfield
Strayer University – Henrico
University of Richmond
Virginia Commonwealth University
Virginia Union University
Virginia State University
Richard Bland College
Saint Paul’s College
College of William and Mary
Bryant & Stratton College – Virginia Beach
Christopher Newport University
ECPI College of Technology – Newport News
ECPI College of Technology – Virginia Beach
George Washington University –
Hampton Roads Center
Hampton University
ITT Technical Institute – Norfolk
Medical College of Hampton Roads – EVMS
Norfolk State University
Old Dominion University
Old Dominion University – Peninsula Higher
Education Center
Old Dominion University – Tri Cities Higher
Education Center
Old Dominion University – Virginia Beach
Higher Education Center
Regent University – Virginia Beach
Strayer University – Chesapeake
Strayer University – Newport News
Tidewater Tech – Chesapeake
Tidewater Tech – Newport News
Tidewater Tech – Norfolk
Tidewater Tech – Virginia Beach
Virginia Wesleyan College
World College
New College Institute
24 25
41
Community Colleges
1
Mountain Empire CC
2
Virginia Highlands CC
3
Southwest Virginia CC
4
Wytheville CC
5
New River CC
6
Dabney S. Lancaster CC
7
Patrick Henry CC
8
Danville CC
9
Blue Ridge CC
10 Lord Fairfax CC – Middletown
11 Lord Fairfax CC – Fauquier
12 Virginia Western CC
13 Germanna CC – Locust Grove
14 Germanna CC – Fredericksburg
15 Piedmont Virginia CC
16 J. Sargeant Reynolds CC – Western
17 Southside Virginia CC – John H. Daniel
18 Central Virginia CC
19 John Tyler CC – Chester
20 Southside Virginia CC – Christanna
21 Rappahannock CC – Warsaw
22 Rappahannock CC – Glenns
23 Thomas Nelson CC – Historic Triangle
24 Paul D. Camp CC – Franklin
25 Paul D. Camp CC – Hobbs Suffolk
26 Eastern Shore CC
32 Northern Virginia CC – Annandale
Northern Virginia CC – Alexandria
Northern Virginia CC – Loudoun
Northern Virginia CC – Manassas
Northern Virginia CC – Woodbridge
Northern Virginia CC – Medical Education Campus
36 J. Sargeant Reynolds CC – Parham Road
J. Sargeant Reynolds CC – Downtown
John Tyler CC – Midlothian
41 Thomas Nelson CC – Hampton
Tidewater CC – Portsmouth
Tidewater CC – Chesapeake
Tidewater CC – Virginia Beach
Tidewater CC – Norfolk
SELECT FOREIGN-OWNED MANUFACTURING FIRMS IN VIRGINIA*
Location, Population & Demographics » Virginia is
strategically located on the U.S. East Coast, adjacent
to Washington, D.C.
•
Virginia’s Washington Dulles International Airport serves
80+ U.S. cities and 40 non-stop destinations worldwide—
and is the 6th busiest U.S. airport for international travel.
Metropolitan & Micropolitan
Areas
Statewide
Northern Virginia
Norfolk/Virginia Beach/Hampton
Richmond
Roanoke
Lynchburg
Charlottesville
Blacksburg
Staunton/Waynesboro
Harrisonburg
Danville
Winchester
Bristol
Martinsville
Tazewell/Bluefield
Regional
Alabama
Georgia
Kentucky
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
United States
Population
(2006)
Labor Force
(2006)
*Per Capita Personal
Income (2005 & 2006)
7,642,884
2,432,823
1,625,687
1,194,008
295,050
239,510
190,278
151,524
115,698
113,449
107,087
96,452
92,362
71,153
44,608
3,999,000
2,963,888
805,113
632,252
154,103
119,874
101,770
77,794
58,487
64,308
51,392
64,949
14,395
31,187
43,747
$39,173
$51,207
$34,595
$37,790
$33,933
$29,897
$37,663
$25,994
$28,806
$27,379
$26,293
$31,103
$27,079
$25,312
$25,358
4,599,030
9,363,941
4,206,074
2,910,540
8,856,505
4,321,249
6,038,803
7,642,884
299,398,484
2,200,000
4,742,000
2,039,000
1,307,000
4,465,000
2,126,000
2,990,000
3,999,000
151,428,000
$31,295
$31,891
$29,352
$26,535
$32,234
$29,515
$32,304
$39,173
$36,276
*Source: U.S. Department of Commerce, Survey of Current Business.
Virginia’s strong infrastructure of highways, ports,
railways and airports provide fast, convenient
access to the entire U.S. population—and beyond.
Virginia: Advanced Manufacturing
Two-thirds of all U.S. consumers live within
1,200 kilometers of Virginia.
Virginia: State of Transportation
•
American GFM Corporation
Interbake Foods, Inc.
Intertape Polymer Corporation
Maple Leaf Bakery, Inc.
Carbone of America
Areva NP
Sartomer Company, Inc.
BASF Corporation
Boehringer Ingelheim
Continental Teves, Inc.
Degussa Corporation
G&D America, Inc
Kaeser Compressors, Inc.
Leica Microsystems, Inc.
McAirlaid’s
Narricot Industries, Inc.
Qimonda (formerly Infineon
Technologies)
Rehau Incorporated
Siemens VDO Automotive
Stihl Incorporated
Wavelight Laser Incorporated
Icelandic USA
Essel Propack America LLC
Israel Aircraft Industries
Travaini Pump USA
Ariake USA, Inc.
Canon
Dynax America Corporation
Daiei Papers (USA) Corporation
HIGHLIGHTS BY INDUSTRY CLUSTER
Kinyo Virginia, Inc.
Koyo
MGC Advanced Polymers, Inc.
NGK-Locke Polymer Insulators, Inc.
Sumitomo Machinery Corporation
of America
Techma USA, Inc.
Toray Plastics, Inc.
Wako Chemicals USA, Inc.
Yokohama Tire Corporation
Yupo Corporation
Hyosung America, Inc.
Metalsa
Boen Hardwood Flooring, Inc.
New Pasta World
Alfa Laval, Inc.
SAAB Aircraft of America, Inc.
Sweedwood North America
Volvo Trucks North America, Inc.
ABB, Inc.
Liebherr America
Nestlé USA
Eternal Technology Corporation
Arista Tubes
Klockner Pentaplast of America, Inc.
M&H Plastics, Inc.
Paris Ceramics USA, Inc.
*Green designates U.S. headquarters.
REGIONAL INDUSTRIAL ELECTRICITY
AVERAGE RATES PER UNIT, SUMMER 2007
Maryland
10.17
Florida
5.23
North Carolina
5.11
Delaware
6.08
South Carolina
4.77
4.48
5.38
Washington, D.C.
West Virginia
Food Processing
• More than 500 companies employ
nearly 35,000 Virginians
• During the last decade, more than
$1.92 billion in capital investment
and more than 6,300 new jobs
were created
5.37
Regional Average
Virginia is home to two
semiconductor fabrication plants.
3.74
INDUSTRIAL ELECTRICITY AVERAGE RATES
PER UNIT BY REGION, SUMMER 2007
New England
12.81
Pacific
8.54
Mid-Atlantic
Virginia’s workforce is skilled and highly
productive—ranked in the top 10 in the
U.S. in labor productivity.
6.15
National Average
6.08
Mountain
5.64
East North Central
5.61
South Atlantic
5.23
East South Central
5.10
Virginia
Plastics
• Nearly 200 companies employ
23,000 Virginians
• Since 1995, more than $887 million
in capital investment and more than
7,000 new jobs were created
7.68
West South Central
West North Central
Biotechnology & Pharmaceutical
• More than 200 companies employ
7,000 Virginians
• Over the past decade, nearly 5,000
new jobs and $2.1 billion investment
for bioscience research, development
and manufacturing in Virginia were
announced
8.02
Georgia
Virginia
Automotive
• Employs more than 39,000
Virginians—over 13% of Virginia’s
manufacturing employment
• From 1997-2006, automotive and
related firms invested more than
$1.5 billion and created more than
10,000 new jobs
4.85
4.48
Source: Edison Electric Institute, Typical Bills and Average Rates Report, Summer 2007
Wood
• More than 1,000 companies employ
nearly 38,000 Virginians
• From 1997-2006, more than
$1.37 billion capital investment
and more than 13,661 new jobs
were created
CASE STUDY
Volkswagen of America, Inc.
September 2007 – Volkswagen
of America, Inc. announced
plans to invest more than
$100 million to relocate its
U.S. corporate headquarters
to Fairfax County, Virginia. The
new facility will serve as the U.S.
headquarters for Volkswagen of
America, Inc., and will include the U.S. headquarters
for Audi of America, Inc., Audi Financial Services,
Volkswagen Credit and other affiliated operations.
The project will create 400 new jobs in Fairfax County.
“This move is part of our company’s new corporate
strategy, of connecting even more closely with our
customers, and encouraging fresh ideas and bold
thinking. Virginia’s workforce and business culture are
in line with that strategy and its location is convenient
to vitally important markets for all our brands. We are
excited to become part of the Virginia community,”
Stefan Jacoby, CEO of Volkswagen of America.
Founded in 1955, Volkswagen of America, Inc.
is a wholly-owned subsidiary of Volkswagen AG,
headquartered in Wolfsburg, Germany. Volkswagen
is the world’s fourth largest producer of passenger
cars and is Europe’s largest automaker.
Lower Operating Costs
• Virginia consistently has one of the United
States’ lowest workers’ compensation costs.
At $2.47 per $100 of payroll, the average
cost is more than 40% lower than the U.S.
average (January 2007).
• Unemployment insurance tax burden is
40% lower than the U.S. national average.
• Electric rates are among the lowest in the
U.S. In Summer 2007, the average cost per
unit of electricity for the industrial sector
was 4.48 cents, compared to 6.08 cents
for the U.S.
Labor Force
• Virginia ranks among the top 10 states in
labor productivity.
• The prime working population (ages 16-64)
ranks 7th in the nation (nearly 5.2 million).
• The Community College System provides
occupational and technical training
programs to meet businesses’ needs.
• Virginia offers customized recruiting and
training services.
Transportation Infrastructure Assets
• The Port of Virginia is among the United
States’ busiest—the only East Coast port
able to handle the world’s largest
container ships.
• APM Terminals International B.V. recently
opened a $450 million state-of-the-art
terminal in Hampton Roads. It can
handle the largest container ships in the
Maersk’s fleet and has rail connections
to major U.S. markets.
• Virginia has extensive railroad infrastructure
throughout the state.
• Six major interstate highways provide
convenient access to the major Northeast,
Southeast and Midwest U.S. markets.
PUBLIC COLLEGES AND UNIVERSITIES
DEGREES CONFERRED 2006-2007
Public College or University
Bachelor
Master
Doctorate
Law
Virginia Tech
George Mason University
James Madison University
University of Virginia
Virginia Commonwealth University
Old Dominion University
Radford University
The College of William and Mary
University of Mary Washington
Christopher Newport University
Longwood University
Virginia State University
Norfolk State University
Virginia Military Institute
4,887
3,726
3,475
3,367
3,321
2,765
1,898
1,376
930
892
675
716
709
325
1,362
2,544
521
1,634
1,478
1,290
365
464
234
67
101
137
234
-
356
181
17
348
191
101
54
5
7
-
206
365
198
-
29,062
10,431
1,260
769
Total
Virginia’s institutions of higher
learning are consistently ranked
among the best in the United
States for academic excellence.
With a geography stretching
from the rolling Appalachian
Mountains to the beaches of
the Atlantic Ocean, Virginia
offers unparalleled access to
quality recreation
ome
350
Commercial Airport
Railroad
Foreign Trade Zone
Interstate
Port of Entry
Secondary Road
Inland Port
-m
ile
75
/
14 railroads operate on
more than 3,400 miles
(5,470.6 kilometers)
of railway in Virginia—
including 3,100 miles
(4,987.9 kilometers)
of Class I rail lines.
14 commercial airports
serve Virginia, including
two of the nation’s
busiest: Washington
Dulles International
and Ronald Reagan
Washington National.
0-m
ile
/
Washington, D.C.
Virginia’s highway system features more than
70,000 miles (112,630 kilometers) of interstate,
primary and secondary roads.
VIRGINIA’S TRANSPORTATION
INFRASTRUCTURE
ter ra dius
ter radius
8.5
10.5
9.5
6.5
4.75
13
8.5
8
5.75
10
10.5
9
8.75
12.5
11.5
9.5
6
11
4.5
6
12.75
10.75
1.75
ome
856
1,092
873
686
472
1,280
821
754
601
999
1,010
965
902
1,319
1,138
985
537
1,111
389
551
1,319
928
171
kil
532
679
542
426
293
796
510
468
373
621
628
600
561
819
707
612
330
690
242
343
820
577
106
kil
Atlanta, GA
Birmingham, AL
Boston, MA
Charleston, SC
Charlotte, NC
Chicago, IL
Cincinnati, OH
Cleveland, OH
Columbia, SC
Detroit, MI
Indianapolis, IN
Jacksonville, FL
Louisville, KY
Memphis, TN
Montreal, Quebec
Nashville, TN
New York, NY
Ottawa, Ontario
Philadelphia, PA
Pittsburgh, PA
St. Louis, MO
Toronto, Ontario
Washington, D.C.
Drive Time
(Hours)
0-
Kilometers
0-
Miles
56
Nearly 43,900 new manufacturing jobs have been
created during that same time period.
Virginia’s beaches are a
popular recreation and vacation
destination for residents and
tourists alike.
City, State
21
•
Manufacturing firms have invested more than
$8.8 billion in Virginia from 2002-2006.
More than 500,000 students are enrolled in more than 80 in-state institutions
of higher education, including 23 community colleges located on 40 campuses
statewide.
In the 2006-07 academic year, Virginia’s public colleges and universities
awarded 43,000 bachelor, master, doctorate and law degrees, and the
community colleges awarded more than 15,000 degrees, diplomas and
certificates.
Living in Virginia means a low crime rate and access to one of the nation’s
highest concentrations of historic resources. Beautiful mountains, rivers and
beaches offer abundant outdoor opportunities, including 34 state parks,
40 natural areas and 32 national parks.
Virginia also has some of the nation’s best golf courses, many of which are
nationally ranked by Golf Magazine and Golf Digest.
INTERSTATE HIGHWAYS TO
EASTERN & MID-U.S. CITIES
1,
•
Lower operating costs, a skilled labor force and excellent
transportation assets make Virginia cost-competitive.
Virginia: Education & Quality of Life
•
DISTANCES TO EASTERN U.S.
& CANADIAN CITIES
Virginia has a nationally recognized
higher education system that produces
a highly-skilled workforce base.
Virginia: Location, Population & Demographics
Advanced Manufacturing » More than 6,400
manufacturing companies operate in Virginia.
The Port of Virginia offers
world-class shipping
facilities and a schedule
of approximately 3,000
sailings annually to 250
ports in 100 foreign
countries.
SELECT FOREIGN-OWNED MANUFACTURING FIRMS IN VIRGINIA*
Location, Population & Demographics » Virginia is
strategically located on the U.S. East Coast, adjacent
to Washington, D.C.
•
Virginia’s Washington Dulles International Airport serves
80+ U.S. cities and 40 non-stop destinations worldwide—
and is the 6th busiest U.S. airport for international travel.
Metropolitan & Micropolitan
Areas
Statewide
Northern Virginia
Norfolk/Virginia Beach/Hampton
Richmond
Roanoke
Lynchburg
Charlottesville
Blacksburg
Staunton/Waynesboro
Harrisonburg
Danville
Winchester
Bristol
Martinsville
Tazewell/Bluefield
Regional
Alabama
Georgia
Kentucky
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
United States
Population
(2006)
Labor Force
(2006)
*Per Capita Personal
Income (2005 & 2006)
7,642,884
2,432,823
1,625,687
1,194,008
295,050
239,510
190,278
151,524
115,698
113,449
107,087
96,452
92,362
71,153
44,608
3,999,000
2,963,888
805,113
632,252
154,103
119,874
101,770
77,794
58,487
64,308
51,392
64,949
14,395
31,187
43,747
$39,173
$51,207
$34,595
$37,790
$33,933
$29,897
$37,663
$25,994
$28,806
$27,379
$26,293
$31,103
$27,079
$25,312
$25,358
4,599,030
9,363,941
4,206,074
2,910,540
8,856,505
4,321,249
6,038,803
7,642,884
299,398,484
2,200,000
4,742,000
2,039,000
1,307,000
4,465,000
2,126,000
2,990,000
3,999,000
151,428,000
$31,295
$31,891
$29,352
$26,535
$32,234
$29,515
$32,304
$39,173
$36,276
*Source: U.S. Department of Commerce, Survey of Current Business.
Virginia’s strong infrastructure of highways, ports,
railways and airports provide fast, convenient
access to the entire U.S. population—and beyond.
Virginia: Advanced Manufacturing
Two-thirds of all U.S. consumers live within
1,200 kilometers of Virginia.
Virginia: State of Transportation
•
American GFM Corporation
Interbake Foods, Inc.
Intertape Polymer Corporation
Maple Leaf Bakery, Inc.
Carbone of America
Areva NP
Sartomer Company, Inc.
BASF Corporation
Boehringer Ingelheim
Continental Teves, Inc.
Degussa Corporation
G&D America, Inc
Kaeser Compressors, Inc.
Leica Microsystems, Inc.
McAirlaid’s
Narricot Industries, Inc.
Qimonda (formerly Infineon
Technologies)
Rehau Incorporated
Siemens VDO Automotive
Stihl Incorporated
Wavelight Laser Incorporated
Icelandic USA
Essel Propack America LLC
Israel Aircraft Industries
Travaini Pump USA
Ariake USA, Inc.
Canon
Dynax America Corporation
Daiei Papers (USA) Corporation
HIGHLIGHTS BY INDUSTRY CLUSTER
Kinyo Virginia, Inc.
Koyo
MGC Advanced Polymers, Inc.
NGK-Locke Polymer Insulators, Inc.
Sumitomo Machinery Corporation
of America
Techma USA, Inc.
Toray Plastics, Inc.
Wako Chemicals USA, Inc.
Yokohama Tire Corporation
Yupo Corporation
Hyosung America, Inc.
Metalsa
Boen Hardwood Flooring, Inc.
New Pasta World
Alfa Laval, Inc.
SAAB Aircraft of America, Inc.
Sweedwood North America
Volvo Trucks North America, Inc.
ABB, Inc.
Liebherr America
Nestlé USA
Eternal Technology Corporation
Arista Tubes
Klockner Pentaplast of America, Inc.
M&H Plastics, Inc.
Paris Ceramics USA, Inc.
*Green designates U.S. headquarters.
REGIONAL INDUSTRIAL ELECTRICITY
AVERAGE RATES PER UNIT, SUMMER 2007
Maryland
10.17
Florida
5.23
North Carolina
5.11
Delaware
6.08
South Carolina
4.77
4.48
5.38
Washington, D.C.
West Virginia
Food Processing
• More than 500 companies employ
nearly 35,000 Virginians
• During the last decade, more than
$1.92 billion in capital investment
and more than 6,300 new jobs
were created
5.37
Regional Average
Virginia is home to two
semiconductor fabrication plants.
3.74
INDUSTRIAL ELECTRICITY AVERAGE RATES
PER UNIT BY REGION, SUMMER 2007
New England
12.81
Pacific
8.54
Mid-Atlantic
Virginia’s workforce is skilled and highly
productive—ranked in the top 10 in the
U.S. in labor productivity.
6.15
National Average
6.08
Mountain
5.64
East North Central
5.61
South Atlantic
5.23
East South Central
5.10
Virginia
Plastics
• Nearly 200 companies employ
23,000 Virginians
• Since 1995, more than $887 million
in capital investment and more than
7,000 new jobs were created
7.68
West South Central
West North Central
Biotechnology & Pharmaceutical
• More than 200 companies employ
7,000 Virginians
• Over the past decade, nearly 5,000
new jobs and $2.1 billion investment
for bioscience research, development
and manufacturing in Virginia were
announced
8.02
Georgia
Virginia
Automotive
• Employs more than 39,000
Virginians—over 13% of Virginia’s
manufacturing employment
• From 1997-2006, automotive and
related firms invested more than
$1.5 billion and created more than
10,000 new jobs
4.85
4.48
Source: Edison Electric Institute, Typical Bills and Average Rates Report, Summer 2007
Wood
• More than 1,000 companies employ
nearly 38,000 Virginians
• From 1997-2006, more than
$1.37 billion capital investment
and more than 13,661 new jobs
were created
CASE STUDY
Volkswagen of America, Inc.
September 2007 – Volkswagen
of America, Inc. announced
plans to invest more than
$100 million to relocate its
U.S. corporate headquarters
to Fairfax County, Virginia. The
new facility will serve as the U.S.
headquarters for Volkswagen of
America, Inc., and will include the U.S. headquarters
for Audi of America, Inc., Audi Financial Services,
Volkswagen Credit and other affiliated operations.
The project will create 400 new jobs in Fairfax County.
“This move is part of our company’s new corporate
strategy, of connecting even more closely with our
customers, and encouraging fresh ideas and bold
thinking. Virginia’s workforce and business culture are
in line with that strategy and its location is convenient
to vitally important markets for all our brands. We are
excited to become part of the Virginia community,”
Stefan Jacoby, CEO of Volkswagen of America.
Founded in 1955, Volkswagen of America, Inc.
is a wholly-owned subsidiary of Volkswagen AG,
headquartered in Wolfsburg, Germany. Volkswagen
is the world’s fourth largest producer of passenger
cars and is Europe’s largest automaker.
With its excellent research parks and
acclaimed universities,Virginia’s high-tech workforce
is among the best-trained in the United States.
Virginia: Technology — Centers of Excellence
Virginia possesses the qualities that corporate decision-makers
everywhere are seeking in today’s global environment.
Virginia: State of Innovation
Pro-Foreign Investment » Virginia is a leading gateway
to successful business in North America. More than
800 companies from around the world call Virginia
home. Our exceptional infrastructure, strong education
system, dynamic workforce, strategic location, and
pro-business climate provide a solid foundation for
growth and make the Commonwealth a great place
for global enterprise.
Federal R&D Centers
1 Energy Efficiency and Renewable Energy Clearinghouse
2 Thomas Jefferson National Accelerator Facility
3 EPA’s Technology Innovation Program
4 NASA Langley Research Center
5 NASA Wallops Flight Facility
6 Federal Highway Administration’s Turner-Fairbank Highway Research Center
7 FBI Forensic Science Research Unit
8 Homeland Security Institute
9 National Radio Astronomy Observatory
10 Science & Technology Policy Institute
11 FAA’s Center for Advanced Aviation System Development
12 IRS Center Enterprise Modernization
13 Missile Defense Agency National Technology Transfer Center
14 Defense Advanced Research Projects Agency (DARPA)
15 Defense Technical Information Center (DTIC)
16 USJFCOM/JWFC Joint Training Analysis and
Simulation Center (JTASC)
17 Naval Surface Warfare Center, Dahlgren Division
18 Office of Naval Research (ONR)
19 U.S. Army National Ground Intelligence Center (NGIC)
20 Air Force Office of Scientific Research (AFOSR)
21 Army Research Office (ARO)
22 Institute for Defense Analyses (IDA)
23 C31 Research and Development Center
24 Aerospace Corporation
25 NSA Institute for Defense Analyses
26 Center for Naval Analyses (CNA)
27 Army Research Institute (ARI)
University Research Parks
1 Jefferson Center for Research and Technology
2 University of Virginia Research Park at North Fork
3 Virginia BioTechnology Research Park
4 Virginia Tech Corporate Research Center
5 INNOVATION @ Prince William
6 The Institute for Advanced Learning
and Research (IALR)
7 Innovation Research Park @ ODU
Private Non-Profit Research Institutes
1 National Institute of Aerospace
2 Howard Hughes Medical Institute
3 Carilion Biomedical Institute
4 SRI’s Center for Advanced Drug Research
Federal R&D Centers
University Research Parks
Private Non-Profit Research Institutes
CASE STUDY
2
23
3
Rolls-Royce
24 14
6 12 20 18
11
5
1
13 22 25
27 21 26
10
7 15
Washington, D.C.
8
17
4
9
2
5
19
3
4
Richmond
3
1 2
4
1
7
6
VIRGINIA’S TECHNOLOGY CENTERS
Western Virginia
Northern Virginia
Central Virginia
Eastern Virginia
Microelectronics / Electronics /
Nanotechnology
Biotechnology & Pharmaceutical
Nuclear Technology
Information Technology
& Software Development
Microelectronics / Electronics /
Nanotechnology
Defense and Homeland Security
Biotechnology & Pharmaceutical
Modeling and Simulation
Aerospace & Aviation
Biotechnology & Pharmaceutical
Microelectronics / Electronics /
Nanotechnology
Information Technology
& Software Development
Defense and Homeland Security
Modeling and Simulation
Aerospace & Aviation
Microelectronics / Electronics /
Nanotechnology
SELECT FOREIGN-OWNED TECHNOLOGY FIRMS IN VIRGINIA*
Ionic Enterprise, Inc.
Descartes Systems, Inc.
MKS Software
Teleglobe USA
China Telecom USA
Qimonda (formerly Infineon Technologies)
Tower Software
Canon USA
Spot Image Corporation
*Green designates U.S. headquarters.
Schiebel Technology, Inc.
Biovail Technologies, ltd.
CGI-AMS
Novozymes
Equant
Alcatel
Systar, Inc
AIRBUS
Areva NP
Boehringer Ingelheim
Siemens
Sterling Gelatin, America, Inc.
TATA
Diverse Security Technologies, Inc.
NEC America, Inc.
Tokyo Electron America, Inc.
Hana Data Solutions, Inc. USA
Uriel Systems, Inc.
Keygene Science
Noldus Information Technology, Inc.
Rolls-Royce North America, Inc.
Smiths Aerospace
I2, Inc.
GKN Westland, Inc
Data Connection Corporation
BAE Systems
SAAB Aircraft of America, Inc.
November 2007 —
Rolls-Royce, a worldleading provider of
power systems and
services for use on land, at sea and in the air,
announced it will build a state-of-the-art aero engine
facility in Prince George County, Virginia. Initially,
the company will invest $100 million to establish
an assembly and test facility for its civil aerospace
operations. Over time, the company has plans to
invest up to $500 million to support future advanced
manufacturing as opportunities arise for its defense
and civil aerospace businesses. The projects will
create 500 new jobs.
“I am pleased that Virginia has been selected as the
location for this important work. From the beginning
of this competition, Virginia understood our business
needs and worked hard to put forward a world-class
proposal. Rolls-Royce has had a strong relationship
with Virginia since 1990, and this new facility builds
on that partnership,” said Sir John Rose, Rolls-Royce
Chief Executive.
Rolls-Royce is headquartered in London, England.
The company has a broad customer base comprising
600 airlines, 4,000 corporate and utility aircraft and
helicopter operators, 160 armed forces, more than
2,000 marine customers including 70 navies, and
energy customers in 120 countries. Rolls-Royce is a
technology leader, employing 38,000 people in offices,
manufacturing and service facilities in 50 countries.
Global companies benefit from the
unique combination of resources that
only a Virginia location can offer.
Technology — Centers of Excellence » With more
than 11,500 high-technology companies, Virginia
is a leading technology hub in the United States.
•
34% of all new jobs created are in technology.
Ranked as national leader for concentration of
high-tech workers by AeA, the largest trade
association of the high-tech industry.*
Solutions for Technology Companies
Virginia is home to leading Research
& Development (R&D).
• 29 federal R&D functions
• 7 university research parks
• 4 nationally prominent private,
non-profit research institutes
Proximity to federal government—one of
the nation’s largest concentrations of
military installations.
• Virginia Tech’s engineering program is
ranked 14th in the nation in the 2008
U.S. News and World Report’s Best
Engineering Institutions list.
• Virginia ranks third nationally of
schools with International
Baccalaureate programs.
• In May 2007, ten Virginia high schools
were cited by Newsweek as among the
100 best public schools in the country,
placing Virginia fourth in the nation.
Virginia’s nationally recognized education
system produces one of the nation’s brightest
and most talented workforces.
• Nearly 25,000 doctoral scientists and
engineers reside in Virginia—one of the
highest concentrations in the U.S.
• The University of Virginia is ranked 2nd
and The College of William and Mary
ranked 6th in U.S. News and World
Report’s 2008 Top Public National
Universities list.
*Cyberstates 2007: A Complete State-by-State Overview of the High-Technology Industry
WORKERS’ COMPENSATION
INSURANCE (2007)
$106
PER CAPITA PERSONAL INCOME* (2006)
$2.47
$131
$3.69
$3.10
$295
$150
$3.64
$117
$4.58
$212
$4.41
$112
$4.30
$116
$3.69
$236
Estimates of unemployment insurance tax per employee are
a product of the average unemployment insurance tax as a
percentage of taxable wages and the taxable wage base.
Virginia: Pro-Foreign Investment
•
Virginia
Georgia
North Carolina
South Carolina
Tennessee
Kentucky
Alabama
Mississippi
Maryland
Ranked as the 5th highest state in the U.S.
for technology job growth.
Virginia:: State of Profitability
•
UNEMPLOYMENT INSURANCE TAX
PER EMPLOYEE (2007)
Source: Average Employer Contribution Rates, CY 2007,
United States Department of Labor
$3.08
Alabama
Georgia
Kentucky
Maryland
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
United States
UNEMPLOYMENT RATE (2007)
TAX COMPARISON
4.6%
$31,891
6.9%
7
3.7%
$31,295
$29,352
6
6%
5.7%
5
5
5
4.0%
$44,077
6.9%
6
6.7%
$26,535
$32,234
4
5.0%
5.9%
$29,515
3
4.4%
$32,304
$39,173
2
3.1%
$36,276
Net Workers’ Compensation insurance cost for
manufacturing industry (per $100 of payroll).
4.6%
1
0
* Source: U.S. Department of Commerce, Survey of Current Businesses
Source: Workers Compensation State Rankings
2007 Edition, Actuarial & Technical Solutions, Inc.
Virginia
U.S.
(Median)
S. Atlantic
(Median)
INCOME TAXES
Corporate Income Tax
STATE & LOCAL TAXES
State & Typical Local Tax (combined)
Source: Research Institute of America: All States Sales Tax Guide 5/15/2007
FOREIGN DIRECT INVESTMENT
BY COUNTRY (2002 - 2006)
FOREIGN DIRECT EMPLOYMENT
BY COUNTRY (2002 - 2006)
Country
Investment (millions)
Germany
$1,765.80
Denmark
$515.00
Australia
$320.00
Sweden
$303.70
Canada
$192.90
UK
$171.79
Japan
$148.30
Netherlands
$117.86
Switzerland
$74.62
India
$74.00
France
$67.42
Mexico
$50.00
South Korea
$11.38
Italy
$10.22
China
$5.65
Luxembourg
$5.20
Austria
$4.90
Israel
$4.40
Hong Kong
$4.34
Iceland
$3.35
Country
Jobs Created
UK
3,940
Canada
3,266
Germany
2,942
Japan
1,139
France
1,117
Switzerland
956
Sweden
866
India
816
Denmark
635
Italy
491
Netherlands
469
Iceland
396
Mexico
232
Australia
222
Philippines
217
China
139
Israel
115
Total
Total
17,958
$3,850.83
Source: LocoMonitor & Virginia Economic Development Partnership. Investment and employment information
is not captured for all projects.
Washington, D.C.
FOREIGN-AFFILIATED BUSINESSES
IN VIRGINIA (2007)
With its excellent research parks and
acclaimed universities,Virginia’s high-tech workforce
is among the best-trained in the United States.
Virginia: Technology — Centers of Excellence
Virginia possesses the qualities that corporate decision-makers
everywhere are seeking in today’s global environment.
Virginia: State of Innovation
Pro-Foreign Investment » Virginia is a leading gateway
to successful business in North America. More than
800 companies from around the world call Virginia
home. Our exceptional infrastructure, strong education
system, dynamic workforce, strategic location, and
pro-business climate provide a solid foundation for
growth and make the Commonwealth a great place
for global enterprise.
Federal R&D Centers
1 Energy Efficiency and Renewable Energy Clearinghouse
2 Thomas Jefferson National Accelerator Facility
3 EPA’s Technology Innovation Program
4 NASA Langley Research Center
5 NASA Wallops Flight Facility
6 Federal Highway Administration’s Turner-Fairbank Highway Research Center
7 FBI Forensic Science Research Unit
8 Homeland Security Institute
9 National Radio Astronomy Observatory
10 Science & Technology Policy Institute
11 FAA’s Center for Advanced Aviation System Development
12 IRS Center Enterprise Modernization
13 Missile Defense Agency National Technology Transfer Center
14 Defense Advanced Research Projects Agency (DARPA)
15 Defense Technical Information Center (DTIC)
16 USJFCOM/JWFC Joint Training Analysis and
Simulation Center (JTASC)
17 Naval Surface Warfare Center, Dahlgren Division
18 Office of Naval Research (ONR)
19 U.S. Army National Ground Intelligence Center (NGIC)
20 Air Force Office of Scientific Research (AFOSR)
21 Army Research Office (ARO)
22 Institute for Defense Analyses (IDA)
23 C31 Research and Development Center
24 Aerospace Corporation
25 NSA Institute for Defense Analyses
26 Center for Naval Analyses (CNA)
27 Army Research Institute (ARI)
University Research Parks
1 Jefferson Center for Research and Technology
2 University of Virginia Research Park at North Fork
3 Virginia BioTechnology Research Park
4 Virginia Tech Corporate Research Center
5 INNOVATION @ Prince William
6 The Institute for Advanced Learning
and Research (IALR)
7 Innovation Research Park @ ODU
Private Non-Profit Research Institutes
1 National Institute of Aerospace
2 Howard Hughes Medical Institute
3 Carilion Biomedical Institute
4 SRI’s Center for Advanced Drug Research
Federal R&D Centers
University Research Parks
Private Non-Profit Research Institutes
CASE STUDY
2
23
3
Rolls-Royce
24 14
6 12 20 18
11
5
1
13 22 25
27 21 26
10
7 15
Washington, D.C.
8
17
4
9
2
5
19
3
4
Richmond
3
1 2
4
1
7
6
VIRGINIA’S TECHNOLOGY CENTERS
Western Virginia
Northern Virginia
Central Virginia
Eastern Virginia
Microelectronics / Electronics /
Nanotechnology
Biotechnology & Pharmaceutical
Nuclear Technology
Information Technology
& Software Development
Microelectronics / Electronics /
Nanotechnology
Defense and Homeland Security
Biotechnology & Pharmaceutical
Modeling and Simulation
Aerospace & Aviation
Biotechnology & Pharmaceutical
Microelectronics / Electronics /
Nanotechnology
Information Technology
& Software Development
Defense and Homeland Security
Modeling and Simulation
Aerospace & Aviation
Microelectronics / Electronics /
Nanotechnology
SELECT FOREIGN-OWNED TECHNOLOGY FIRMS IN VIRGINIA*
Ionic Enterprise, Inc.
Descartes Systems, Inc.
MKS Software
Teleglobe USA
China Telecom USA
Qimonda (formerly Infineon Technologies)
Tower Software
Canon USA
Spot Image Corporation
*Green designates U.S. headquarters.
Schiebel Technology, Inc.
Biovail Technologies, ltd.
CGI-AMS
Novozymes
Equant
Alcatel
Systar, Inc
AIRBUS
Areva NP
Boehringer Ingelheim
Siemens
Sterling Gelatin, America, Inc.
TATA
Diverse Security Technologies, Inc.
NEC America, Inc.
Tokyo Electron America, Inc.
Hana Data Solutions, Inc. USA
Uriel Systems, Inc.
Keygene Science
Noldus Information Technology, Inc.
Rolls-Royce North America, Inc.
Smiths Aerospace
I2, Inc.
GKN Westland, Inc
Data Connection Corporation
BAE Systems
SAAB Aircraft of America, Inc.
November 2007 —
Rolls-Royce, a worldleading provider of
power systems and
services for use on land, at sea and in the air,
announced it will build a state-of-the-art aero engine
facility in Prince George County, Virginia. Initially,
the company will invest $100 million to establish
an assembly and test facility for its civil aerospace
operations. Over time, the company has plans to
invest up to $500 million to support future advanced
manufacturing as opportunities arise for its defense
and civil aerospace businesses. The projects will
create 500 new jobs.
“I am pleased that Virginia has been selected as the
location for this important work. From the beginning
of this competition, Virginia understood our business
needs and worked hard to put forward a world-class
proposal. Rolls-Royce has had a strong relationship
with Virginia since 1990, and this new facility builds
on that partnership,” said Sir John Rose, Rolls-Royce
Chief Executive.
Rolls-Royce is headquartered in London, England.
The company has a broad customer base comprising
600 airlines, 4,000 corporate and utility aircraft and
helicopter operators, 160 armed forces, more than
2,000 marine customers including 70 navies, and
energy customers in 120 countries. Rolls-Royce is a
technology leader, employing 38,000 people in offices,
manufacturing and service facilities in 50 countries.
Lower Operating Costs
• Virginia consistently has one of the United
States’ lowest workers’ compensation costs.
At $2.47 per $100 of payroll, the average
cost is more than 40% lower than the U.S.
average (January 2007).
• Unemployment insurance tax burden is
40% lower than the U.S. national average.
• Electric rates are among the lowest in the
U.S. In Summer 2007, the average cost per
unit of electricity for the industrial sector
was 4.48 cents, compared to 6.08 cents
for the U.S.
Labor Force
• Virginia ranks among the top 10 states in
labor productivity.
• The prime working population (ages 16-64)
ranks 7th in the nation (nearly 5.2 million).
• The Community College System provides
occupational and technical training
programs to meet businesses’ needs.
• Virginia offers customized recruiting and
training services.
Transportation Infrastructure Assets
• The Port of Virginia is among the United
States’ busiest—the only East Coast port
able to handle the world’s largest
container ships.
• APM Terminals International B.V. recently
opened a $450 million state-of-the-art
terminal in Hampton Roads. It can
handle the largest container ships in the
Maersk’s fleet and has rail connections
to major U.S. markets.
• Virginia has extensive railroad infrastructure
throughout the state.
• Six major interstate highways provide
convenient access to the major Northeast,
Southeast and Midwest U.S. markets.
PUBLIC COLLEGES AND UNIVERSITIES
DEGREES CONFERRED 2006-2007
Public College or University
Bachelor
Master
Doctorate
Law
Virginia Tech
George Mason University
James Madison University
University of Virginia
Virginia Commonwealth University
Old Dominion University
Radford University
The College of William and Mary
University of Mary Washington
Christopher Newport University
Longwood University
Virginia State University
Norfolk State University
Virginia Military Institute
4,887
3,726
3,475
3,367
3,321
2,765
1,898
1,376
930
892
675
716
709
325
1,362
2,544
521
1,634
1,478
1,290
365
464
234
67
101
137
234
-
356
181
17
348
191
101
54
5
7
-
206
365
198
-
29,062
10,431
1,260
769
Total
Virginia’s institutions of higher
learning are consistently ranked
among the best in the United
States for academic excellence.
With a geography stretching
from the rolling Appalachian
Mountains to the beaches of
the Atlantic Ocean, Virginia
offers unparalleled access to
quality recreation
ome
350
Commercial Airport
Railroad
Foreign Trade Zone
Interstate
Port of Entry
Secondary Road
Inland Port
-m
ile
75
/
14 railroads operate on
more than 3,400 miles
(5,470.6 kilometers)
of railway in Virginia—
including 3,100 miles
(4,987.9 kilometers)
of Class I rail lines.
14 commercial airports
serve Virginia, including
two of the nation’s
busiest: Washington
Dulles International
and Ronald Reagan
Washington National.
0-m
ile
/
Washington, D.C.
Virginia’s highway system features more than
70,000 miles (112,630 kilometers) of interstate,
primary and secondary roads.
VIRGINIA’S TRANSPORTATION
INFRASTRUCTURE
ter ra dius
ter radius
8.5
10.5
9.5
6.5
4.75
13
8.5
8
5.75
10
10.5
9
8.75
12.5
11.5
9.5
6
11
4.5
6
12.75
10.75
1.75
ome
856
1,092
873
686
472
1,280
821
754
601
999
1,010
965
902
1,319
1,138
985
537
1,111
389
551
1,319
928
171
kil
532
679
542
426
293
796
510
468
373
621
628
600
561
819
707
612
330
690
242
343
820
577
106
kil
Atlanta, GA
Birmingham, AL
Boston, MA
Charleston, SC
Charlotte, NC
Chicago, IL
Cincinnati, OH
Cleveland, OH
Columbia, SC
Detroit, MI
Indianapolis, IN
Jacksonville, FL
Louisville, KY
Memphis, TN
Montreal, Quebec
Nashville, TN
New York, NY
Ottawa, Ontario
Philadelphia, PA
Pittsburgh, PA
St. Louis, MO
Toronto, Ontario
Washington, D.C.
Drive Time
(Hours)
0-
Kilometers
0-
Miles
56
Nearly 43,900 new manufacturing jobs have been
created during that same time period.
Virginia’s beaches are a
popular recreation and vacation
destination for residents and
tourists alike.
City, State
21
•
Manufacturing firms have invested more than
$8.8 billion in Virginia from 2002-2006.
More than 500,000 students are enrolled in more than 80 in-state institutions
of higher education, including 23 community colleges located on 40 campuses
statewide.
In the 2006-07 academic year, Virginia’s public colleges and universities
awarded 43,000 bachelor, master, doctorate and law degrees, and the
community colleges awarded more than 15,000 degrees, diplomas and
certificates.
Living in Virginia means a low crime rate and access to one of the nation’s
highest concentrations of historic resources. Beautiful mountains, rivers and
beaches offer abundant outdoor opportunities, including 34 state parks,
40 natural areas and 32 national parks.
Virginia also has some of the nation’s best golf courses, many of which are
nationally ranked by Golf Magazine and Golf Digest.
INTERSTATE HIGHWAYS TO
EASTERN & MID-U.S. CITIES
1,
•
Lower operating costs, a skilled labor force and excellent
transportation assets make Virginia cost-competitive.
Virginia: Education & Quality of Life
•
DISTANCES TO EASTERN U.S.
& CANADIAN CITIES
Virginia has a nationally recognized
higher education system that produces
a highly-skilled workforce base.
Virginia: Location, Population & Demographics
Advanced Manufacturing » More than 6,400
manufacturing companies operate in Virginia.
The Port of Virginia offers
world-class shipping
facilities and a schedule
of approximately 3,000
sailings annually to 250
ports in 100 foreign
countries.
With its excellent research parks and
acclaimed universities,Virginia’s high-tech workforce
is among the best-trained in the United States.
Virginia: Technology — Centers of Excellence
Virginia possesses the qualities that corporate decision-makers
everywhere are seeking in today’s global environment.
Virginia: State of Innovation
Pro-Foreign Investment » Virginia is a leading gateway
to successful business in North America. More than
800 companies from around the world call Virginia
home. Our exceptional infrastructure, strong education
system, dynamic workforce, strategic location, and
pro-business climate provide a solid foundation for
growth and make the Commonwealth a great place
for global enterprise.
Federal R&D Centers
1 Energy Efficiency and Renewable Energy Clearinghouse
2 Thomas Jefferson National Accelerator Facility
3 EPA’s Technology Innovation Program
4 NASA Langley Research Center
5 NASA Wallops Flight Facility
6 Federal Highway Administration’s Turner-Fairbank Highway Research Center
7 FBI Forensic Science Research Unit
8 Homeland Security Institute
9 National Radio Astronomy Observatory
10 Science & Technology Policy Institute
11 FAA’s Center for Advanced Aviation System Development
12 IRS Center Enterprise Modernization
13 Missile Defense Agency National Technology Transfer Center
14 Defense Advanced Research Projects Agency (DARPA)
15 Defense Technical Information Center (DTIC)
16 USJFCOM/JWFC Joint Training Analysis and
Simulation Center (JTASC)
17 Naval Surface Warfare Center, Dahlgren Division
18 Office of Naval Research (ONR)
19 U.S. Army National Ground Intelligence Center (NGIC)
20 Air Force Office of Scientific Research (AFOSR)
21 Army Research Office (ARO)
22 Institute for Defense Analyses (IDA)
23 C31 Research and Development Center
24 Aerospace Corporation
25 NSA Institute for Defense Analyses
26 Center for Naval Analyses (CNA)
27 Army Research Institute (ARI)
University Research Parks
1 Jefferson Center for Research and Technology
2 University of Virginia Research Park at North Fork
3 Virginia BioTechnology Research Park
4 Virginia Tech Corporate Research Center
5 INNOVATION @ Prince William
6 The Institute for Advanced Learning
and Research (IALR)
7 Innovation Research Park @ ODU
Private Non-Profit Research Institutes
1 National Institute of Aerospace
2 Howard Hughes Medical Institute
3 Carilion Biomedical Institute
4 SRI’s Center for Advanced Drug Research
Federal R&D Centers
University Research Parks
Private Non-Profit Research Institutes
CASE STUDY
2
23
3
Rolls-Royce
24 14
6 12 20 18
11
5
1
13 22 25
27 21 26
10
7 15
Washington, D.C.
8
17
4
9
2
5
19
3
4
Richmond
3
1 2
4
1
7
6
VIRGINIA’S TECHNOLOGY CENTERS
Western Virginia
Northern Virginia
Central Virginia
Eastern Virginia
Microelectronics / Electronics /
Nanotechnology
Biotechnology & Pharmaceutical
Nuclear Technology
Information Technology
& Software Development
Microelectronics / Electronics /
Nanotechnology
Defense and Homeland Security
Biotechnology & Pharmaceutical
Modeling and Simulation
Aerospace & Aviation
Biotechnology & Pharmaceutical
Microelectronics / Electronics /
Nanotechnology
Information Technology
& Software Development
Defense and Homeland Security
Modeling and Simulation
Aerospace & Aviation
Microelectronics / Electronics /
Nanotechnology
SELECT FOREIGN-OWNED TECHNOLOGY FIRMS IN VIRGINIA*
Ionic Enterprise, Inc.
Descartes Systems, Inc.
MKS Software
Teleglobe USA
China Telecom USA
Qimonda (formerly Infineon Technologies)
Tower Software
Canon USA
Spot Image Corporation
*Green designates U.S. headquarters.
Schiebel Technology, Inc.
Biovail Technologies, ltd.
CGI-AMS
Novozymes
Equant
Alcatel
Systar, Inc
AIRBUS
Areva NP
Boehringer Ingelheim
Siemens
Sterling Gelatin, America, Inc.
TATA
Diverse Security Technologies, Inc.
NEC America, Inc.
Tokyo Electron America, Inc.
Hana Data Solutions, Inc. USA
Uriel Systems, Inc.
Keygene Science
Noldus Information Technology, Inc.
Rolls-Royce North America, Inc.
Smiths Aerospace
I2, Inc.
GKN Westland, Inc
Data Connection Corporation
BAE Systems
SAAB Aircraft of America, Inc.
November 2007 —
Rolls-Royce, a worldleading provider of
power systems and
services for use on land, at sea and in the air,
announced it will build a state-of-the-art aero engine
facility in Prince George County, Virginia. Initially,
the company will invest $100 million to establish
an assembly and test facility for its civil aerospace
operations. Over time, the company has plans to
invest up to $500 million to support future advanced
manufacturing as opportunities arise for its defense
and civil aerospace businesses. The projects will
create 500 new jobs.
“I am pleased that Virginia has been selected as the
location for this important work. From the beginning
of this competition, Virginia understood our business
needs and worked hard to put forward a world-class
proposal. Rolls-Royce has had a strong relationship
with Virginia since 1990, and this new facility builds
on that partnership,” said Sir John Rose, Rolls-Royce
Chief Executive.
Rolls-Royce is headquartered in London, England.
The company has a broad customer base comprising
600 airlines, 4,000 corporate and utility aircraft and
helicopter operators, 160 armed forces, more than
2,000 marine customers including 70 navies, and
energy customers in 120 countries. Rolls-Royce is a
technology leader, employing 38,000 people in offices,
manufacturing and service facilities in 50 countries.
Global companies benefit from the
unique combination of resources that
only a Virginia location can offer.
Technology — Centers of Excellence » With more
than 11,500 high-technology companies, Virginia
is a leading technology hub in the United States.
•
34% of all new jobs created are in technology.
Ranked as national leader for concentration of
high-tech workers by AeA, the largest trade
association of the high-tech industry.*
Solutions for Technology Companies
Virginia is home to leading Research
& Development (R&D).
• 29 federal R&D functions
• 7 university research parks
• 4 nationally prominent private,
non-profit research institutes
Proximity to federal government—one of
the nation’s largest concentrations of
military installations.
• Virginia Tech’s engineering program is
ranked 14th in the nation in the 2008
U.S. News and World Report’s Best
Engineering Institutions list.
• Virginia ranks third nationally of
schools with International
Baccalaureate programs.
• In May 2007, ten Virginia high schools
were cited by Newsweek as among the
100 best public schools in the country,
placing Virginia fourth in the nation.
Virginia’s nationally recognized education
system produces one of the nation’s brightest
and most talented workforces.
• Nearly 25,000 doctoral scientists and
engineers reside in Virginia—one of the
highest concentrations in the U.S.
• The University of Virginia is ranked 2nd
and The College of William and Mary
ranked 6th in U.S. News and World
Report’s 2008 Top Public National
Universities list.
*Cyberstates 2007: A Complete State-by-State Overview of the High-Technology Industry
WORKERS’ COMPENSATION
INSURANCE (2007)
$106
PER CAPITA PERSONAL INCOME* (2006)
$2.47
$131
$3.69
$3.10
$295
$150
$3.64
$117
$4.58
$212
$4.41
$112
$4.30
$116
$3.69
$236
Estimates of unemployment insurance tax per employee are
a product of the average unemployment insurance tax as a
percentage of taxable wages and the taxable wage base.
Virginia: Pro-Foreign Investment
•
Virginia
Georgia
North Carolina
South Carolina
Tennessee
Kentucky
Alabama
Mississippi
Maryland
Ranked as the 5th highest state in the U.S.
for technology job growth.
Virginia:: State of Profitability
•
UNEMPLOYMENT INSURANCE TAX
PER EMPLOYEE (2007)
Source: Average Employer Contribution Rates, CY 2007,
United States Department of Labor
$3.08
Alabama
Georgia
Kentucky
Maryland
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
United States
UNEMPLOYMENT RATE (2007)
TAX COMPARISON
4.6%
$31,891
6.9%
7
3.7%
$31,295
$29,352
6
6%
5.7%
5
5
5
4.0%
$44,077
6.9%
6
6.7%
$26,535
$32,234
4
5.0%
5.9%
$29,515
3
4.4%
$32,304
$39,173
2
3.1%
$36,276
Net Workers’ Compensation insurance cost for
manufacturing industry (per $100 of payroll).
4.6%
1
0
* Source: U.S. Department of Commerce, Survey of Current Businesses
Source: Workers Compensation State Rankings
2007 Edition, Actuarial & Technical Solutions, Inc.
Virginia
U.S.
(Median)
S. Atlantic
(Median)
INCOME TAXES
Corporate Income Tax
STATE & LOCAL TAXES
State & Typical Local Tax (combined)
Source: Research Institute of America: All States Sales Tax Guide 5/15/2007
FOREIGN DIRECT INVESTMENT
BY COUNTRY (2002 - 2006)
FOREIGN DIRECT EMPLOYMENT
BY COUNTRY (2002 - 2006)
Country
Investment (millions)
Germany
$1,765.80
Denmark
$515.00
Australia
$320.00
Sweden
$303.70
Canada
$192.90
UK
$171.79
Japan
$148.30
Netherlands
$117.86
Switzerland
$74.62
India
$74.00
France
$67.42
Mexico
$50.00
South Korea
$11.38
Italy
$10.22
China
$5.65
Luxembourg
$5.20
Austria
$4.90
Israel
$4.40
Hong Kong
$4.34
Iceland
$3.35
Country
Jobs Created
UK
3,940
Canada
3,266
Germany
2,942
Japan
1,139
France
1,117
Switzerland
956
Sweden
866
India
816
Denmark
635
Italy
491
Netherlands
469
Iceland
396
Mexico
232
Australia
222
Philippines
217
China
139
Israel
115
Total
Total
17,958
$3,850.83
Source: LocoMonitor & Virginia Economic Development Partnership. Investment and employment information
is not captured for all projects.
Washington, D.C.
FOREIGN-AFFILIATED BUSINESSES
IN VIRGINIA (2007)
Global companies benefit from the
unique combination of resources that
only a Virginia location can offer.
Technology — Centers of Excellence » With more
than 11,500 high-technology companies, Virginia
is a leading technology hub in the United States.
•
34% of all new jobs created are in technology.
Ranked as national leader for concentration of
high-tech workers by AeA, the largest trade
association of the high-tech industry.*
Solutions for Technology Companies
Virginia is home to leading Research
& Development (R&D).
• 29 federal R&D functions
• 7 university research parks
• 4 nationally prominent private,
non-profit research institutes
Proximity to federal government—one of
the nation’s largest concentrations of
military installations.
• Virginia Tech’s engineering program is
ranked 14th in the nation in the 2008
U.S. News and World Report’s Best
Engineering Institutions list.
• Virginia ranks third nationally of
schools with International
Baccalaureate programs.
• In May 2007, ten Virginia high schools
were cited by Newsweek as among the
100 best public schools in the country,
placing Virginia fourth in the nation.
Virginia’s nationally recognized education
system produces one of the nation’s brightest
and most talented workforces.
• Nearly 25,000 doctoral scientists and
engineers reside in Virginia—one of the
highest concentrations in the U.S.
• The University of Virginia is ranked 2nd
and The College of William and Mary
ranked 6th in U.S. News and World
Report’s 2008 Top Public National
Universities list.
*Cyberstates 2007: A Complete State-by-State Overview of the High-Technology Industry
WORKERS’ COMPENSATION
INSURANCE (2007)
$106
PER CAPITA PERSONAL INCOME* (2006)
$2.47
$131
$3.69
$3.10
$295
$150
$3.64
$117
$4.58
$212
$4.41
$112
$4.30
$116
$3.69
$236
Estimates of unemployment insurance tax per employee are
a product of the average unemployment insurance tax as a
percentage of taxable wages and the taxable wage base.
Virginia: Pro-Foreign Investment
•
Virginia
Georgia
North Carolina
South Carolina
Tennessee
Kentucky
Alabama
Mississippi
Maryland
Ranked as the 5th highest state in the U.S.
for technology job growth.
Virginia:: State of Profitability
•
UNEMPLOYMENT INSURANCE TAX
PER EMPLOYEE (2007)
Source: Average Employer Contribution Rates, CY 2007,
United States Department of Labor
$3.08
Alabama
Georgia
Kentucky
Maryland
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
United States
UNEMPLOYMENT RATE (2007)
TAX COMPARISON
4.6%
$31,891
6.9%
7
3.7%
$31,295
$29,352
6
6%
5.7%
5
5
5
4.0%
$44,077
6.9%
6
6.7%
$26,535
$32,234
4
5.0%
5.9%
$29,515
3
4.4%
$32,304
$39,173
2
3.1%
$36,276
Net Workers’ Compensation insurance cost for
manufacturing industry (per $100 of payroll).
4.6%
1
0
* Source: U.S. Department of Commerce, Survey of Current Businesses
Source: Workers Compensation State Rankings
2007 Edition, Actuarial & Technical Solutions, Inc.
Virginia
U.S.
(Median)
S. Atlantic
(Median)
INCOME TAXES
Corporate Income Tax
STATE & LOCAL TAXES
State & Typical Local Tax (combined)
Source: Research Institute of America: All States Sales Tax Guide 5/15/2007
FOREIGN DIRECT INVESTMENT
BY COUNTRY (2002 - 2006)
FOREIGN DIRECT EMPLOYMENT
BY COUNTRY (2002 - 2006)
Country
Investment (millions)
Germany
$1,765.80
Denmark
$515.00
Australia
$320.00
Sweden
$303.70
Canada
$192.90
UK
$171.79
Japan
$148.30
Netherlands
$117.86
Switzerland
$74.62
India
$74.00
France
$67.42
Mexico
$50.00
South Korea
$11.38
Italy
$10.22
China
$5.65
Luxembourg
$5.20
Austria
$4.90
Israel
$4.40
Hong Kong
$4.34
Iceland
$3.35
Country
Jobs Created
UK
3,940
Canada
3,266
Germany
2,942
Japan
1,139
France
1,117
Switzerland
956
Sweden
866
India
816
Denmark
635
Italy
491
Netherlands
469
Iceland
396
Mexico
232
Australia
222
Philippines
217
China
139
Israel
115
Total
Total
17,958
$3,850.83
Source: LocoMonitor & Virginia Economic Development Partnership. Investment and employment information
is not captured for all projects.
Washington, D.C.
FOREIGN-AFFILIATED BUSINESSES
IN VIRGINIA (2007)
SELECT FOREIGN-OWNED MANUFACTURING FIRMS IN VIRGINIA*
Location, Population & Demographics » Virginia is
strategically located on the U.S. East Coast, adjacent
to Washington, D.C.
•
Virginia’s Washington Dulles International Airport serves
80+ U.S. cities and 40 non-stop destinations worldwide—
and is the 6th busiest U.S. airport for international travel.
Metropolitan & Micropolitan
Areas
Statewide
Northern Virginia
Norfolk/Virginia Beach/Hampton
Richmond
Roanoke
Lynchburg
Charlottesville
Blacksburg
Staunton/Waynesboro
Harrisonburg
Danville
Winchester
Bristol
Martinsville
Tazewell/Bluefield
Regional
Alabama
Georgia
Kentucky
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
United States
Population
(2006)
Labor Force
(2006)
*Per Capita Personal
Income (2005 & 2006)
7,642,884
2,432,823
1,625,687
1,194,008
295,050
239,510
190,278
151,524
115,698
113,449
107,087
96,452
92,362
71,153
44,608
3,999,000
2,963,888
805,113
632,252
154,103
119,874
101,770
77,794
58,487
64,308
51,392
64,949
14,395
31,187
43,747
$39,173
$51,207
$34,595
$37,790
$33,933
$29,897
$37,663
$25,994
$28,806
$27,379
$26,293
$31,103
$27,079
$25,312
$25,358
4,599,030
9,363,941
4,206,074
2,910,540
8,856,505
4,321,249
6,038,803
7,642,884
299,398,484
2,200,000
4,742,000
2,039,000
1,307,000
4,465,000
2,126,000
2,990,000
3,999,000
151,428,000
$31,295
$31,891
$29,352
$26,535
$32,234
$29,515
$32,304
$39,173
$36,276
*Source: U.S. Department of Commerce, Survey of Current Business.
Virginia’s strong infrastructure of highways, ports,
railways and airports provide fast, convenient
access to the entire U.S. population—and beyond.
Virginia: Advanced Manufacturing
Two-thirds of all U.S. consumers live within
1,200 kilometers of Virginia.
Virginia: State of Transportation
•
American GFM Corporation
Interbake Foods, Inc.
Intertape Polymer Corporation
Maple Leaf Bakery, Inc.
Carbone of America
Areva NP
Sartomer Company, Inc.
BASF Corporation
Boehringer Ingelheim
Continental Teves, Inc.
Degussa Corporation
G&D America, Inc
Kaeser Compressors, Inc.
Leica Microsystems, Inc.
McAirlaid’s
Narricot Industries, Inc.
Qimonda (formerly Infineon
Technologies)
Rehau Incorporated
Siemens VDO Automotive
Stihl Incorporated
Wavelight Laser Incorporated
Icelandic USA
Essel Propack America LLC
Israel Aircraft Industries
Travaini Pump USA
Ariake USA, Inc.
Canon
Dynax America Corporation
Daiei Papers (USA) Corporation
HIGHLIGHTS BY INDUSTRY CLUSTER
Kinyo Virginia, Inc.
Koyo
MGC Advanced Polymers, Inc.
NGK-Locke Polymer Insulators, Inc.
Sumitomo Machinery Corporation
of America
Techma USA, Inc.
Toray Plastics, Inc.
Wako Chemicals USA, Inc.
Yokohama Tire Corporation
Yupo Corporation
Hyosung America, Inc.
Metalsa
Boen Hardwood Flooring, Inc.
New Pasta World
Alfa Laval, Inc.
SAAB Aircraft of America, Inc.
Sweedwood North America
Volvo Trucks North America, Inc.
ABB, Inc.
Liebherr America
Nestlé USA
Eternal Technology Corporation
Arista Tubes
Klockner Pentaplast of America, Inc.
M&H Plastics, Inc.
Paris Ceramics USA, Inc.
*Green designates U.S. headquarters.
REGIONAL INDUSTRIAL ELECTRICITY
AVERAGE RATES PER UNIT, SUMMER 2007
Maryland
10.17
Florida
5.23
North Carolina
5.11
Delaware
6.08
South Carolina
4.77
4.48
5.38
Washington, D.C.
West Virginia
Food Processing
• More than 500 companies employ
nearly 35,000 Virginians
• During the last decade, more than
$1.92 billion in capital investment
and more than 6,300 new jobs
were created
5.37
Regional Average
Virginia is home to two
semiconductor fabrication plants.
3.74
INDUSTRIAL ELECTRICITY AVERAGE RATES
PER UNIT BY REGION, SUMMER 2007
New England
12.81
Pacific
8.54
Mid-Atlantic
Virginia’s workforce is skilled and highly
productive—ranked in the top 10 in the
U.S. in labor productivity.
6.15
National Average
6.08
Mountain
5.64
East North Central
5.61
South Atlantic
5.23
East South Central
5.10
Virginia
Plastics
• Nearly 200 companies employ
23,000 Virginians
• Since 1995, more than $887 million
in capital investment and more than
7,000 new jobs were created
7.68
West South Central
West North Central
Biotechnology & Pharmaceutical
• More than 200 companies employ
7,000 Virginians
• Over the past decade, nearly 5,000
new jobs and $2.1 billion investment
for bioscience research, development
and manufacturing in Virginia were
announced
8.02
Georgia
Virginia
Automotive
• Employs more than 39,000
Virginians—over 13% of Virginia’s
manufacturing employment
• From 1997-2006, automotive and
related firms invested more than
$1.5 billion and created more than
10,000 new jobs
4.85
4.48
Source: Edison Electric Institute, Typical Bills and Average Rates Report, Summer 2007
Wood
• More than 1,000 companies employ
nearly 38,000 Virginians
• From 1997-2006, more than
$1.37 billion capital investment
and more than 13,661 new jobs
were created
CASE STUDY
Volkswagen of America, Inc.
September 2007 – Volkswagen
of America, Inc. announced
plans to invest more than
$100 million to relocate its
U.S. corporate headquarters
to Fairfax County, Virginia. The
new facility will serve as the U.S.
headquarters for Volkswagen of
America, Inc., and will include the U.S. headquarters
for Audi of America, Inc., Audi Financial Services,
Volkswagen Credit and other affiliated operations.
The project will create 400 new jobs in Fairfax County.
“This move is part of our company’s new corporate
strategy, of connecting even more closely with our
customers, and encouraging fresh ideas and bold
thinking. Virginia’s workforce and business culture are
in line with that strategy and its location is convenient
to vitally important markets for all our brands. We are
excited to become part of the Virginia community,”
Stefan Jacoby, CEO of Volkswagen of America.
Founded in 1955, Volkswagen of America, Inc.
is a wholly-owned subsidiary of Volkswagen AG,
headquartered in Wolfsburg, Germany. Volkswagen
is the world’s fourth largest producer of passenger
cars and is Europe’s largest automaker.
Lower Operating Costs
• Virginia consistently has one of the United
States’ lowest workers’ compensation costs.
At $2.47 per $100 of payroll, the average
cost is more than 40% lower than the U.S.
average (January 2007).
• Unemployment insurance tax burden is
40% lower than the U.S. national average.
• Electric rates are among the lowest in the
U.S. In Summer 2007, the average cost per
unit of electricity for the industrial sector
was 4.48 cents, compared to 6.08 cents
for the U.S.
Labor Force
• Virginia ranks among the top 10 states in
labor productivity.
• The prime working population (ages 16-64)
ranks 7th in the nation (nearly 5.2 million).
• The Community College System provides
occupational and technical training
programs to meet businesses’ needs.
• Virginia offers customized recruiting and
training services.
Transportation Infrastructure Assets
• The Port of Virginia is among the United
States’ busiest—the only East Coast port
able to handle the world’s largest
container ships.
• APM Terminals International B.V. recently
opened a $450 million state-of-the-art
terminal in Hampton Roads. It can
handle the largest container ships in the
Maersk’s fleet and has rail connections
to major U.S. markets.
• Virginia has extensive railroad infrastructure
throughout the state.
• Six major interstate highways provide
convenient access to the major Northeast,
Southeast and Midwest U.S. markets.
PUBLIC COLLEGES AND UNIVERSITIES
DEGREES CONFERRED 2006-2007
Public College or University
Bachelor
Master
Doctorate
Law
Virginia Tech
George Mason University
James Madison University
University of Virginia
Virginia Commonwealth University
Old Dominion University
Radford University
The College of William and Mary
University of Mary Washington
Christopher Newport University
Longwood University
Virginia State University
Norfolk State University
Virginia Military Institute
4,887
3,726
3,475
3,367
3,321
2,765
1,898
1,376
930
892
675
716
709
325
1,362
2,544
521
1,634
1,478
1,290
365
464
234
67
101
137
234
-
356
181
17
348
191
101
54
5
7
-
206
365
198
-
29,062
10,431
1,260
769
Total
Virginia’s institutions of higher
learning are consistently ranked
among the best in the United
States for academic excellence.
With a geography stretching
from the rolling Appalachian
Mountains to the beaches of
the Atlantic Ocean, Virginia
offers unparalleled access to
quality recreation
ome
350
Commercial Airport
Railroad
Foreign Trade Zone
Interstate
Port of Entry
Secondary Road
Inland Port
-m
ile
75
/
14 railroads operate on
more than 3,400 miles
(5,470.6 kilometers)
of railway in Virginia—
including 3,100 miles
(4,987.9 kilometers)
of Class I rail lines.
14 commercial airports
serve Virginia, including
two of the nation’s
busiest: Washington
Dulles International
and Ronald Reagan
Washington National.
0-m
ile
/
Washington, D.C.
Virginia’s highway system features more than
70,000 miles (112,630 kilometers) of interstate,
primary and secondary roads.
VIRGINIA’S TRANSPORTATION
INFRASTRUCTURE
ter ra dius
ter radius
8.5
10.5
9.5
6.5
4.75
13
8.5
8
5.75
10
10.5
9
8.75
12.5
11.5
9.5
6
11
4.5
6
12.75
10.75
1.75
ome
856
1,092
873
686
472
1,280
821
754
601
999
1,010
965
902
1,319
1,138
985
537
1,111
389
551
1,319
928
171
kil
532
679
542
426
293
796
510
468
373
621
628
600
561
819
707
612
330
690
242
343
820
577
106
kil
Atlanta, GA
Birmingham, AL
Boston, MA
Charleston, SC
Charlotte, NC
Chicago, IL
Cincinnati, OH
Cleveland, OH
Columbia, SC
Detroit, MI
Indianapolis, IN
Jacksonville, FL
Louisville, KY
Memphis, TN
Montreal, Quebec
Nashville, TN
New York, NY
Ottawa, Ontario
Philadelphia, PA
Pittsburgh, PA
St. Louis, MO
Toronto, Ontario
Washington, D.C.
Drive Time
(Hours)
0-
Kilometers
0-
Miles
56
Nearly 43,900 new manufacturing jobs have been
created during that same time period.
Virginia’s beaches are a
popular recreation and vacation
destination for residents and
tourists alike.
City, State
21
•
Manufacturing firms have invested more than
$8.8 billion in Virginia from 2002-2006.
More than 500,000 students are enrolled in more than 80 in-state institutions
of higher education, including 23 community colleges located on 40 campuses
statewide.
In the 2006-07 academic year, Virginia’s public colleges and universities
awarded 43,000 bachelor, master, doctorate and law degrees, and the
community colleges awarded more than 15,000 degrees, diplomas and
certificates.
Living in Virginia means a low crime rate and access to one of the nation’s
highest concentrations of historic resources. Beautiful mountains, rivers and
beaches offer abundant outdoor opportunities, including 34 state parks,
40 natural areas and 32 national parks.
Virginia also has some of the nation’s best golf courses, many of which are
nationally ranked by Golf Magazine and Golf Digest.
INTERSTATE HIGHWAYS TO
EASTERN & MID-U.S. CITIES
1,
•
Lower operating costs, a skilled labor force and excellent
transportation assets make Virginia cost-competitive.
Virginia: Education & Quality of Life
•
DISTANCES TO EASTERN U.S.
& CANADIAN CITIES
Virginia has a nationally recognized
higher education system that produces
a highly-skilled workforce base.
Virginia: Location, Population & Demographics
Advanced Manufacturing » More than 6,400
manufacturing companies operate in Virginia.
The Port of Virginia offers
world-class shipping
facilities and a schedule
of approximately 3,000
sailings annually to 250
ports in 100 foreign
countries.
Virginia: Rated
the Best State
for Business.
INSTITUTIONS OF HIGHER LEARNING IN VIRGINIA:
COLLEGES, UNIVERSITIES & COMMUNITY COLLEGES
22
23
25 24
9
26
Forbes.com Best State for Business ranking.
Senior Correspondent Scott Cohn during the live
I
Simultaneously, CNBC—the leading financial news
announcement at Northrop Grumman shipyard in
cable channel that reaches influential business and
Newport News, Virginia. “More than any state,
financial leaders around the world—designated Virginia
Virginia offers a more complete package for business.
its Top State for Business.
It finished in the top 15 in all but two of our categories,”
CNBC evaluated each state in the United States on
40 different measures of competitiveness in 10 broad
said Cohn.
Forbes.com, the official Internet site of the Forbes
categories: cost of doing business; workforce; economy;
family of business publications, ranked Virginia the
education; quality of life; technology and innovation;
Best State for Business for a second straight year.
transportation; cost of living; business friendliness;
The review examines multiple measures, including
and access to capital.
business costs, regulatory climate, quality of the
workforce, and economic growth. Virginia finished in
the top 10 in four of the six main categories, including
regulatory environment (1st), quality of its workforce
(5th), overall quality of life (6th), and prospects for
growth (8th).
21
16
22
26
36
2
8 9
4
18
12
29
30
19
37
38
17
7
14 42
27
28
29
30
31
32
33
34
35
36
40
23
13
20
7
6
Colleges & Universities
1
University of Virginia’s College at Wise
2
University of Appalachia College of Pharmacy
3
Appalachian School of Law
4
National College of Business & Technology –
Bristol
5
Virginia Intermont College
6
Southwest Virginia Higher Education Center
7
Emory and Henry College
8
National College of Business & Technology –
Bluefield
9
Bluefield College
10 Radford University
11 Virginia Polytechnic Institute & State University
12 ECPI Technical College – Roanoke
Hollins University
Jefferson College of Health Sciences
National College of Business & Technology –
Roanoke Valley
Roanoke College
Roanoke Higher Education Center
13 Ferrum College
14 National College of Business & Technology –
Martinsville
15 Virginia Military Institute
16 Washington and Lee University
17 Southern Virginia University
18 Liberty University
Lynchburg College
National College of Business & Technology –
Lynchburg
Randolph College
Sweet Briar College
19 National College of Business & Technology –
Danville
20 Averett University
21 Southern Virginia Higher Education Center
22 Eastern Mennonite University
23 James Madison University
24 National College of Business & Technology –
Harrisonburg
25 Bridgewater College
26 Mary Baldwin College
11
5 10
3
4 5
weak spots for business in Virginia,” said CNBC
15
17
16
6
2
United States for a second year in a row in the
13 33 34
14 35
27 28
15
1
“According to our study, there are very few
32
11
1
n 2007, the Commonwealth of Virginia led the
31
10
19
20 8
University of Virginia
National College of Business & Technology –
Charlottesville
Longwood University
Hampden-Sydney College
Shenandoah University
ECPI College of Technology – Northern Virginia
George Mason University – Arlington
George Mason University – Fairfax
George Mason University – Prince William
George Washington University – Alexandria
Graduate Education Center
George Washington University – Arlington
Graduate Education Center
George Washington University –
Tysons Corner/McLean
George Washington University – Virginia
Gibbs College – Vienna
ITT Technical Institute – Chantilly
ITT Technical Institute – Springfield
Marymount University
Old Dominion University – Northern Virginia Center
Regent University – Washington, D.C.
Stratford University – Tysons Corner
Stratford University – Woodbridge
Strayer University – Alexandria
Strayer University – Arlington
Strayer University – Loudoun
Strayer University – Manassas
Strayer University – Woodbridge
University of Fairfax
University of Management and Technology
University of Northern Virginia – Manassas
Virginia Polytechnic Institute & State
University – Northern Virginia Center
University of Mary Washington – College of
Graduate & Professional Studies
Strayer University – Fredericksburg
University of Mary Washington – Fredericksburg
Beta Tech – Chesterfield
Beta Tech – Henrico
Bryant & Stratton College – Richmond
ECPI Technical College – Glen Allen
37
38
39
40
41
42
21
39
ECPI Technical College – Richmond
George Washington University –
Capital One Financial
ITT Technical Institute – Richmond
Randolph-Macon College
Strayer University – Chesterfield
Strayer University – Henrico
University of Richmond
Virginia Commonwealth University
Virginia Union University
Virginia State University
Richard Bland College
Saint Paul’s College
College of William and Mary
Bryant & Stratton College – Virginia Beach
Christopher Newport University
ECPI College of Technology – Newport News
ECPI College of Technology – Virginia Beach
George Washington University –
Hampton Roads Center
Hampton University
ITT Technical Institute – Norfolk
Medical College of Hampton Roads – EVMS
Norfolk State University
Old Dominion University
Old Dominion University – Peninsula Higher
Education Center
Old Dominion University – Tri Cities Higher
Education Center
Old Dominion University – Virginia Beach
Higher Education Center
Regent University – Virginia Beach
Strayer University – Chesapeake
Strayer University – Newport News
Tidewater Tech – Chesapeake
Tidewater Tech – Newport News
Tidewater Tech – Norfolk
Tidewater Tech – Virginia Beach
Virginia Wesleyan College
World College
New College Institute
24 25
41
Community Colleges
1
Mountain Empire CC
2
Virginia Highlands CC
3
Southwest Virginia CC
4
Wytheville CC
5
New River CC
6
Dabney S. Lancaster CC
7
Patrick Henry CC
8
Danville CC
9
Blue Ridge CC
10 Lord Fairfax CC – Middletown
11 Lord Fairfax CC – Fauquier
12 Virginia Western CC
13 Germanna CC – Locust Grove
14 Germanna CC – Fredericksburg
15 Piedmont Virginia CC
16 J. Sargeant Reynolds CC – Western
17 Southside Virginia CC – John H. Daniel
18 Central Virginia CC
19 John Tyler CC – Chester
20 Southside Virginia CC – Christanna
21 Rappahannock CC – Warsaw
22 Rappahannock CC – Glenns
23 Thomas Nelson CC – Historic Triangle
24 Paul D. Camp CC – Franklin
25 Paul D. Camp CC – Hobbs Suffolk
26 Eastern Shore CC
32 Northern Virginia CC – Annandale
Northern Virginia CC – Alexandria
Northern Virginia CC – Loudoun
Northern Virginia CC – Manassas
Northern Virginia CC – Woodbridge
Northern Virginia CC – Medical Education Campus
36 J. Sargeant Reynolds CC – Parham Road
J. Sargeant Reynolds CC – Downtown
John Tyler CC – Midlothian
41 Thomas Nelson CC – Hampton
Tidewater CC – Portsmouth
Tidewater CC – Chesapeake
Tidewater CC – Virginia Beach
Tidewater CC – Norfolk
Services Provided by the Virginia Economic
Development Partnership are FREE:
• Professional and confidential site
selection assistance
• Tailored research of suitable land and
buildings and labor availability
• Assistance with private sector business
partners to ensure your requirements
are met
• Coordination with other government
agencies in such matters as permitting or
workforce training programs
• Arrange incentive packages for
international investors
To learn more about how Virginia can help
you be successful in North America, please
contact the Virginia Economic Development
Partnership at one of our offices listed here.
Central Office:
Roy Dahlquist
Asia
International Investment Manager
Virginia Economic Development
Partnership
901 East Byrd Street
Richmond, VA 23219
Phone: (804) 545-5762
Email: RDahlquist@YesVirginia.org
Kimberly Weir
Americas/Australia/India/Singapore
International Investment Manager
Virginia Economic Development
Partnership
8300 Boone Blvd, Suite 450
Vienna, VA 22182
Phone: (703) 506-1032
Email: KWeir@YesVirginia.org
Dave Enghauser
Europe
International Investment Manager
Virginia Economic Development
Partnership
901 East Byrd Street
Richmond, VA 23219
Phone: (804) 545-5759
Email: DEnghauser@YesVirginia.org
European Office:
Matthias Duys
State of Virginia
Avenue Louise 479, Box 55
B1050 Brussels
Belgium
Phone: 32-2-647-7433
Fax: 32-2-647-1463
Email: MDuys@YesVirginia.org
Japanese Office:
Y. Okutomi
State of Virginia
14th Floor, Kamiyacho Bldg,
Office 12/13
4-3-20, Toranomon
Minato, Tokyo 105-0001
Japan
Phone: 81-3-5404-3424
Fax: 81-3-5404-3401
Email: YOkutomi@virginia-jp.org
Web: www.virginia-jp.org
Korean Office:
Sang Yong Lee
State of Virginia
#1807 Trade Tower
Samsung-dong, Kangnam-gu,
Seoul, South Korea 135-729
Phone: 82-2-739-6248
Fax: 82-2-739-6538
Email: SLee@YesVirginia.org
Web: www.virginia.or.kr
China & SE Asia Office:
Hailey Fong
State of Virginia
Room 2209, 22/F
3 Lockhart Road
Wan Chai, Hong Kong
Phone: 011-852-2862-8078
Fax: 011-852-2862-8034
Email: HFong@YesVirginia.org
The
State of Virginia,
U.S.A. »
A Leading Gateway
to Successful Business
in North America