VEDP Quarterly Report for
Select a PDC here or click on the map

Announcements
(Total: 1,   Total Investment: $M,   Total New Jobs: 150)
Company Name Location Business
Description 		Month
Announced 		New/
Expansion 		New Jobs Investment
(M$) 		State
Incentives
Lonesome Pine Components Inc. Wise County Manufactures and distributes thermo foil 3D laminated wood products November, 2011 N 150 0.30 NO
*In certain circumstances, a new or expanding company will request that these details not be publicized.  In those cases, their announcements will not appear in this Quarterly Report.  The resulting employment and investment totals will, however, appear in cumulative, statewide figures published by VEDP.


Marketing Activities
Prospect Visits
A total of 3 prospect visits were conducted with 1 different prospects. During a prospect visit, VEDP business development specialists accompany prospects to meet face-to-face with local officials. These prospects are companies actively pursuing expansions or new facilities and considering locations in Virginia as well as other states. The prospect has conveyed to VEDP the details of its requirements (e.g.…transportation infrastructure, workforce). In addition, it has quantified the capital investment and employment involved in the project.

Non-Prospect Community Visits
A total of 10 in-community visits were conducted by 1 different VEDP research and business development specialists. The purpose of these visits is to ensure VEDP understands each community’s unique opportunities and assets as related to economic development. In addition, it allows VEDP staff to build relationships with local officials and community leaders which can be instrumental in helping to close future deals.

Localities Recommended to Prospects
VEDP staff recommended to 1 different prospects, through location proposals and other means, that they consider a locality in this PDC to target their investment. In this process, the VEDP staff member points out specific opportunities and assets available in the locality and how these are well suited to the project based on the requirements.


International Trade
Virginia Leaders in Export Trade (VALET) Program
The VALET Program assists companies throughout the Commonwealth of Virginia expand their international sales. This two-year program combines capital resources from the state and professional services from private-sector partners to accelerate international marketing for 25 companies per year.

Past VALET Graduates:
   DeRoyal Industries, Inc.
   VFP, Inc.