Nine New Virginia Companies Accepted to Participate in Virginia’s VALET Program

RICHMOND – The Virginia Economic Development Partnership (VEDP) today announced the acceptance of nine Virginia companies into its two-year Virginia Leaders in Export Trade (VALET) program: Airborne Tactical Advantage Company (ATAC) of Newport News; Hardywood Park Craft Brewery, LLC of the City of Richmond; Integrated Textile Solutions, Inc. (ITS) of the City of Salem; Lessard Design… Read more

Virginia Companies Increase International Sales through Commonwealth’s Premier Exporting Program

RICHMOND – Governor Terry McAuliffe today announced that nine companies from across the Commonwealth have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) Program, touting impressive results from their newly acquired tools to successfully export products and services overseas. These companies increased their international sales by an average of… Read more

Governor McAuliffe Announces New Exports to Chile and Costa Rica for Virginia Manufacturer

RICHMOND – Governor Terry McAuliffe today announced that Grandwatt Electric Corporation, a Suffolk-based manufacturer, has made sales to distributors in Chile and Costa Rica as a result of its participation in the Virginia Economic Development Partnership’s (VEDP) international trade programs. After attending the VEDP-led ExpoMin Chile trade show in April of 2016, Grandwatt signed an… Read more

Governor McAuliffe Announces Federal Grant to Support Virginia’s Export Promotion Efforts

RICHMOND – Governor Terry McAuliffe announced today that Virginia has received more than $359,400 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… Read more

Governor McAuliffe Announces Recipient of 2016 Governor’s Award for Excellence in International Trade

RICHMOND – Governor Terry McAuliffe today announced that MAG Aerospace is the recipient of the 2016 Commonwealth of Virginia Governor’s Award for Excellence in International Trade. The award was presented at the 68th Annual Virginia Conference on World Trade, held in Norfolk. MAG Aerospace has been a participant in the Commonwealth’s international trade programs since… Read more

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Virginia Exporter Spotlight: Wako Chemicals USA, Inc.

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

Virginia Exporter Spotlight: TMEIC Corporation

Q&A with Michael Cooper, Marketing Director TMEIC Corporation Roanoke, Virginia TMEIC drives industry around the world through a comprehensive offering of unique systems solutions including variable frequency drives, motors, photovoltaic inverters and advanced automation systems for a wide range of industrial applications. Established in 2003, Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) resulted from the integration of Toshiba… Read more

Virginia Exporter Spotlight: First Line Technology

Q&A with Amit Kapoor President, First Line Technology, LLC Chantilly, Virginia First Line Technology, LLC designs and manufactures disaster preparedness and emergency response equipment, including the AmbuBus® (medical ambulance bus), PhaseCore® Personal Cooling Vests, and a line of decontamination equipment, which includes FiberTect® dry decon wipes and Dahlgren Decon. Established in 2003, First Line Technology… Read more

Spotlight On: Virginia Leaders in Export Trade (VALET) Program

This case study was published in the International Economic Development Council’s (IEDC) “Economic Development Credit Analysis and Finance” manual. The economic importance of exports for states and localities has risen significantly in recent years. According to Virginia’s 2015 International Trade Profile, exports drove 27% of American economic growth in 2014 and reached an unprecedented $2.35 trillion that year…. Read more

Are you risking your company’s compliance by relying on your freight forwarder?

When exporting a product or service, whether defense-related or dual-use, regulated by ITAR or EAR, it is important to remember that as the exporter, the U.S. government requires you to take steps to ensure that your company is in compliance before selling overseas. Frequently, we see small companies that export products “outsource” their export compliance… Read more

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