GOVERNOR GLENN YOUNGKIN ANNOUNCES MORE THAN $24.7 MILLION IN INDUSTRIAL REVITALIZATION FUNDS

GOVERNOR GLENN YOUNGKIN ANNOUNCES MORE THAN $24.7 MILLION IN INDUSTRIAL REVITALIZATION FUNDS
 

Governor Glenn Youngkin today announced more than $24.7 million in 20 Industrial Revitalization Fund (IRF) grants. IRF grants provide gap financing for construction projects aligned with local and regional economic development strategies, primarily in distressed communities. 

“The transformation of older, vacant or blighted structures into productive, usable spaces is crucial to catalyzing economic growth to create thriving communities,” said Governor Glenn Youngkin. “The Industrial Revitalization Fund continues to be an important resource for those redevelopment efforts, spurring regional partnerships, economic development and job growth across the Commonwealth.”

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Skip Barber Racing School to Relocate Headquarters in Halifax County, Virginia and Establish Performance Driving School

Skip Barber Racing School to Relocate Headquarters in Halifax County, Virginia and Establish Performance Driving School

Automotive education and entertainment company to invest $8.9 million, created 24 jobs in Halifax County

RICHMOND, VA — Governor Glenn Youngkin today announced Skip Barber Racing School, the world's largest automotive education and entertainment company offering driving and racing schools at the finest tracks in America, will invest $8.9 million to relocate its headquarters from Lakeville, Connecticut, and establish a performance driving school at the VIRginia International Raceway (VIR) in Halifax County. VIR will construct a 25,000-square-foot facility within the Motorsport Technology Park to lease to Skip Barber Racing School for the operation. Virginia successfully competed with California and Texas for the project, which will create 24 new jobs.

“We are proud to welcome Skip Barber Racing School to the Commonwealth, adding another corporate headquarters operation to our growing roster,” said Governor Glenn Youngkin. “VIRginia International Raceway is an invaluable employer in Halifax County, a tourism and economic development driver in Southern Virginia, and a top road course in the nation. These assets helped attract Skip Barber, and we look forward to supporting the company as it boosts the Commonwealth’s growing auto racing industry and creates new, high-paying jobs.”

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Hitachi Energy to Expand in Halifax County, Creating 165 New Jobs in Halifax County

Hitachi Energy to Expand in Halifax County, Creating 165 New Jobs in Halifax County

RICHMOND, VA — Governor Glenn Youngkin today announced that Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, will invest $37 million to expand its operation in Halifax County. The company will add 26,000 square feet to its facility for a new production line for the manufacture of larger transformers specifically to support the utility and renewable energy markets, which will create 165 new jobs.

“Hitachi Energy’s ambitious expansion in Halifax County represents a strong commitment and tremendous vote of confidence in the Commonwealth of Virginia as a great place to do business,” said Governor Glenn Youngkin. “Hitachi Energy has been an important, long-standing employer in Southern Virginia for nearly 50 years, and we are thrilled the company will create additional good-paying jobs in the community.”

“Hitachi Energy’s decision to reinvest in its Halifax County facility is a testament to Southern Virginia’s skilled manufacturing workforce and integrated transportation network that allows the company to extend its market reach,” said Secretary of Commerce and Trade Caren Merrick“We look forward to a continued partnership with this expansion, which further secures the future longevity of Hitachi Energy in the Commonwealth.”

Steve McKinney, Senior VP and Head of Hitachi Energy’s Transformer Business in North America, said, “Hitachi Energy welcomes the support of the Commonwealth of Virginia and Halifax County for the expansion of our facility in South Boston. This expansion will help us address the growing demand for transformers from customers including utilities, renewable energy developers, and more. Southern Virginia has been and continues to be a great place for us to do business.”

“Hitachi Energy is an excellent corporate citizen,” said Rick Short, Chairman of the Halifax County Board of Supervisors. “Their decision to expand comes with the full support of Halifax County.” 

Rick Harrell, Chair of the Halifax County Industrial Development Authority, stated, “Existing business and industry is the number one priority of the IDA. We are proud to be able to support Hitachi Energy’s continued growth in Halifax County.”

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Walraven Cuts Ribbon on Danville - Pittsylvania County Facility

Walraven Cuts Ribbon on Danville - Pittsylvania County Facility

Leaders from Pittsylvania County and the City of Danville joined company representatives from Walraven for a ribbon-cutting ceremony for the company's new facility at the Cane Creek Centre. First announced in June 2021, this facility came with a $7 million capital investment, and the company is creating approximately 50 jobs.

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Walraven Cuts Ribbon on New Facility - Video

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Port of Virginia delivers $500K grant to Ringgold's Morgan Olson for worker retention

Port of Virginia delivers $500K grant to Ringgold's Morgan Olson for worker retention

From the Danville Register and Bee

RINGGOLD — Delivery-van maker Morgan Olson has received a $500,000 grant from the Port of Virginia.

State officials announced the grant Friday morning at the company’s plant at Cane Creek Centre Industrial Park.

The money is from a Port of Virginia Economic and Infrastructure Development Grant for the more than 500 full-time jobs created at the company’s facility so far and Morgan Olson’s use of the port.

The port’s grant money will go toward retaining jobs at the company’s plant, said Thomas Cross, director of state and local government affairs with the Virginia Port Authority.

“We’re grateful Morgan Olson’s a port user and for the hundreds of jobs they’ve brought to the commonwealth,” Cross told plant manager Steven Parker during the event.

The Port of Virginia Economic and Infrastructure Development Grant Program provides money to qualified companies to incentivize companies to locate new maritime-related employment centers or expand existing centers in localities to encourage and facilitate the growth of The Port of Virginia, according to the port’s website.

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Center for Manufacturing Advancement Opens, Welcoming U.S. Navy as First Project Partner

Center for Manufacturing Advancement Opens, Welcoming U.S. Navy as First Project Partner

$28 million center invests in manufacturing technology, industry partnerships to support Virginia’s competitive assets

Danville, VA (October 5, 2022) – The Center for Manufacturing Advancement (CMA), a statefunded project located on the campus of the Institute for Advanced Learning and Research (IALR), is open and ready to attract new businesses and jobs to the Commonwealth of Virginia.

“As we strive to make Virginia the best place for veterans to live, work and raise a family, I am thrilled to announce the groundbreaking of our new IALR Center for Manufacturing Advancement in Danville,” said Governor Glenn Youngkin. “This partnership will diversify, transform and grow Southern Virginia’s production capability for the Submarine Industrial Base as well, marking another major win for Virginia’s defense economy and labor market.”

Virginia Governor Glenn Youngkin joined IALR and industry partners for a ribbon cutting to recognize the CMA as Virginia’s newest pro-business platform for developing manufacturing technologies that support business expansion in the region and skilled workforce development.

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The U.S. Navy Opens Additive Manufacturing Center of Excellence in Danville

The U.S. Navy Opens Additive Manufacturing Center of Excellence in Danville

DANVILLE, Va. (October 5, 2022) – The U.S. Navy is launching its Additive Manufacturing Center of Excellence (AM CoE) within the State of Virginia’s Center for Manufacturing Advancement (CMA) on the Danville Institute for Advanced Learning and Research (IALR) campus. The creation of the AM CoE marks the first project partnership for the CMA. It demonstrates the Navy’s commitment to investing in and delivering the skilled workforce necessary to strengthen and expand the Navy’s industrial base to achieve the Nation’s strategic defense objectives.

A first for the Navy, the AM CoE will provide a platform for training a skilled additive manufacturing workforce through partnership with the Accelerated Training in Defense Manufacturing (ATDM) program, a rigorous, focused 24/5 training schedule that graduates student cohorts every four months in multiple disciplines critical to the defense industrial base (DIB). Industrial manufacturing partners include major shipbuilders like General Dynamics Electric Boat, Huntington-Ingalls Newport News Shipbuilding, Austal USA as well as key industry experts like Phillips Corporation, Industrial Inspection and Analysis, FasTech, Mitutoyo, and Master Gage & Tool, to bring multiple processes utilized by the DIB under one roof to improve efficiencies and reduce barriers to entry for manufacturers hoping to enter additive manufacturing.

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IperionX Selects Virginia for first U.S. 100% Recycled Titanium Metal Powder Facility

IperionX Selects Virginia for first U.S. 100% Recycled Titanium Metal Powder Facility

RICHMOND, VA — Governor Glenn Youngkin today announced that IperionX Limited (“IperionX”) (NASDAQ: IPX), a U.S. critical minerals company, plans to make a capital investment totaling $82.1 million to establish Virginia’s first titanium demonstration facility in Halifax County. The company’s project will develop over two phases, with phase one consisting of a $12.5 million investment in building construction and production-related machinery and tools, and a further $69.6 million investment anticipated under a Phase 2 expansion within three years of the initial development.

The company will initially occupy the 50,000-square-foot Halifax Shell Building in the Southern Virginia Technology Park and plans to expand the facility to 100,000 square feet in the coming years. IperionX intends to source 100% renewable energy to produce 100% recycled titanium to supply advanced industries including automotive, defense, aerospace, electric vehicles, and 3D printing. IperionX plans to develop the titanium demonstration facility as a showcase for the intersection of titanium powder production with additive manufacturing and other powder metallurgy applications. Virginia successfully competed with North Carolina, South Carolina, and West Virginia for the project, which will create 108 new jobs over the three-year Phase 1 and Phase 2 development period.

“We are thrilled to welcome IperionX to the Commonwealth. The new Halifax County operation will represent the first titanium metal powder facility in the U.S. using 100% recycled titanium scrap as feedstock, putting Virginia on the map for providing a critical material that is essential for our advanced industries,” said Governor Glenn Youngkin. “We look forward to supporting this forward-thinking company that will develop a new supply chain of titanium right here in the Commonwealth while creating high-quality jobs.”

“IperionX selecting Virginia for this multi-phase investment beginning with its inaugural titanium demonstration facility is a huge win for the Commonwealth,” said Secretary of Commerce and Trade Caren Merrick. “We are proud to welcome this visionary and innovative company to Virginia’s corporate roster.”

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Can Danville be a model for the country? Maybe it already is.

Can Danville be a model for the country? Maybe it already is.

From Cardinal News | Written by Dwayne Yancey

In December 1999, Danville and Pittsylvania County were in what felt like a death spiral. The community’s longtime economic mainstays – textiles and tobacco – were shrinking. The worst still lay ahead and, while no one knew that at the time, some sure sensed it. Meanwhile, in Blacksburg, Virginia Tech had just named a new president – Charles Steger – who would take office the following month.

One of the most influential business people in Pittsylvania, Ben Davenport, traveled to Blacksburg to meet with the president-elect. (Disclosure: Davenport is one of our donors but donors have no say in news decisions; see our policy.) “My hope was to engage Virginia Tech in a new kind of outreach,” Davenport said at the memorial service for Steger in 2018. “Well, Charles quickly saw the infrastructure we could create. And through helping us he began the creation of a new model for the role of a land-grant university. His backing attracted support from the General Assembly and I’m happy to say the rest is history.”

That “new kind of outreach” that Davenport referred to was the Institute for Advanced Learning and Research that was founded in 2002. Here’s what I wrote for The Roanoke Times when Steger passed away: “At the time the idea of a high-tech research center in Danville seemed far-fetched. Today, though, Danville is a city on the rebound – and staking a claim in the new economy in a way that couldn’t have been imagined back then.” Eight foreign flags fly over downtown Danville to signify all the countries whose companies have invested in manufacturing operations in the city. I used the occasion to pose the theory that perhaps college presidents are more important than governors, because here was an example of Steger’s legacy that was panning out nearly two decades later.

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