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AREVA and Northrop Grumman invest $363.4 million in joint venture


October 23, 2008 - Timothy M. Kaine announced that AREVA and Northrop Grumman Shipbuilding, a sector of Northrop Grumman Corporation, will invest $363.4 million to partner in a joint venture to manufacture equipment and pressure vessels for the nuclear industry and to provide nuclear engineering services. The new company, AREVA Newport News LLC, which will be established in Newport News, will create 540 new production and engineering jobs. Virginia successfully competed with Alabama, Indiana, South Carolina and Tennessee for the project

Read the Governor's news release.
 



Rolls-Royce to build world-class engine facility in Prince George County


Rolls Royce Announcement

Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, will build a state-of-the-art aeroengine facility in Prince George County.

Read the Governor's news release for more information
 

 
 
 

What We Do

The Secretary of Commerce and Trade oversees the economic, community, and workforce development of the Commonwealth. Each of the 13 Commerce and Trade agencies actively contributes to the Commonwealth's economic strength and high quality of life.

Whether you are looking to start a small business or relocate a multi-million dollar company in Virginia, we are ready to assist you.

 


Virginia Earns Forbes.com's "Best State for Business" Distinction for Fourth Consecutive Year

8th major business friendly ranking overall

Governor Timothy M. Kaine announced that Virginia will remain in first place as Forbes.com's "Best State for Business." It is the fourth consecutive year Virginia has been top ranked. The Commonwealth finished in the top 10 in 3 of the 6 categories examined in the review, which was published on September 23, 2009.

Click here to read the Governor's press release.

 


SAIC Moves Corporate Headquarters to Fairfax County

Governor Timothy M. Kaine announced that technology and defense powerhouse Science Applications International Corporation (SAIC) is moving its corporate headquarters from San Diego to the company's McLean campus in Fairfax County. The scientific, engineering, and technology applications company plans to invest $25 million as part of the relocation and is expected to create 1,200 new jobs over the next three years, adding to its current base of approximately 17,500 employees in the metropolitan Washington, D.C. area.

Click here to read the Governor's press release.

 


Virginia Holds Top Spot in CNBC's 'Best State for Business' Rankings

7th major business friendly ranking overall

Governor Timothy M. Kaine announced that for the second time during his administration, CNBC has named Virginia its "Top State for Business". This is the fourth time in the last month that Virginia has received national acclaim as a top place to do business Click here to read the Governor's News Release

 

Virginia has been recognized repeatedly as a business friendly state and has been ranked the most business-friendly state seven times under the leadership of Governor Kaine and Secretary Gottschalk.

During Governor Kaine's administration, Virginia has also been recognized as the most business-friendly state in America by Forbes.com - 2006, 2007, and 2008; one of the best states for business by CNBC - 2007, 2008 and 2009. In addition, Pollina Corporate Real Estate Inc., a top U.S. corporate site relocation expert, ranked Virginia second in its annual study of pro-business states in 2006 and first in both 2007 and 2009. Virginia was recently recognized as one of the top 5 states to start a business by US News and World Report in July 2009; the top-performing state government in America by Governing Magazine in 2008; and the state where "a child is most likely to have a successful life", according to a 2007 Education Week report.

 


<em>Virginia is for Lovers</em> Wins National Walk of Fame Award
Virginia is for Lovers Wins National Walk of Fame Award

Governor Timothy M. Kaine celebrated the "Virginia is for Lovers" slogan's induction into the National Advertising Walk of Fame during the week of September 20th. The honor coincides with the 40th anniversary of Virginia is for Lovers. Launched in 1969, Virginia is for Lovers is America's longest-running state tourism slogan

  • Click here to read the Govenor's "Walk of Fame Award" press release.
  • View photos from the "Walk of Fame Award" press conference.
  • Click here to read the Govenor's 40th Anniversary of Virginia is for Lovers press release.
  • View photos from the 40th Anniversary of Virginia is for Lovers kickoff event .

 


 
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