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The following information is a brief summary only of the new GDPR regulation coming into force in Europe. An in-depth review should be undertaken or legal advice sought by US companies that will need to comply with this new ruling. This report was developed by VEDP’s in-country consultant in western Europe, IBDG. To download this report… Read more

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By Nicholas Perrine, CPA, PBMares, LLP Companies working on innovative and experimental research & development projects can qualify for the Federal and Virginia Research and Development (R&D) Credit and receive tax breaks, no matter how large or small the company. This comes after the R&D tax credit was made permanent by the Protecting Americans from Tax Hikes Act… Read more

man in factory

By:  Thomas McVey, Williams Mullen A recently announced ITAR enforcement case involving a supplier of military spare parts sends a valuable message to small and mid-sized government contractors of every type. The case involves Bright Lights USA, Inc. (the “Company”), a small New Jersey defense manufacturer.  According to the Directorate of Defense Trade Controls (“DDTC”) Charging… Read more

Governor Ralph Northam today announced that 13 companies from across the Commonwealth have graduated from the Virginia Leaders in Export Trade (VALET) Program, touting impressive results as they successfully exported products and services overseas. The VALET program, run by the Virginia Economic Development Partnership (VEDP), assists exporters in the Commonwealth that have firmly established their… Read more

The Virginia Economic Development Partnership (VEDP) today announced the appointment of its new Committee on International Trade. In the 2017 session the Virginia General Assembly mandated the establishment of an advisory committee to include one ex-officio, voting member; a member of the Board of Commissioners of the Virginia Port Authority, and two citizen members appointed… Read more

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By: Thomas B. McVey, Williams Mullen A frequently asked compliance question among government contracts firms is whether they are required to register under the International Traffic In Arms Regulations (“ITAR”). ITAR are the State Department controls that regulate defense products, technical data and services.  Under ITAR 22 CFR §122.1, parties that manufacture, export or temporarily… Read more

QubicaAMF grew annual revenue, increased Virginia employment through participation in state international trade programs Governor Terry McAuliffe today announced that QubicaAMF is the recipient of the 2017 Commonwealth of Virginia Governor’s Award for Excellence in International Trade. The award was presented at the 69th annual Virginia Conference on World Trade, held in Williamsburg. QubicaAMF, based in Mechanicsville, has been… Read more

Governor Terry McAuliffe today announced that Virginia has received $255,000 in grant funding to support the Commonwealth’s State Trade and Export Promotion (STEP) Grant Program. The STEP program, funded in part through a Cooperative Agreement with the U.S. Small Business Administration, is designed to increase the number of small businesses that are exporting and to… Read more

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In October 2016, the Department of Defense (DoD) issued rule 252.204-7012 (DFARS 7012) that changed the Defense Federal Acquisition Regulation Supplement (DFARS) regarding Safeguarding Covered Defense Information (CDI) and cyber incident reporting. In essence, this provision requires DoD contractors to provide adequate security to safeguard CDI on unclassified information systems that support work under a… Read more

Q&A with Lisa Komski Senior Manager, LAL and Export Divisions Wako Chemicals USA, Inc. Wako Chemicals USA, Inc. is an international corporation supplying a variety of innovative clinical diagnostic reagents, bioproducts and specialty chemicals worldwide.  Wako is a wholly owned subsidiary of Wako Pure Chemical Industries, Ltd. of Japan, which is world renowned for its… Read more