Recent News

Virginia Companies Expand into Global Markets with Commonwealth’s Trade Accelerator Program

July 13, 2022

RICHMOND, VA–Governor Glenn Youngkin today announced that 11 companies across the Commonwealth have graduated from the Virginia Economic Developmen

Fifteen Virginia Companies Expand into Global Markets with Commonwealth’s Trade Accelerator Program

January 13, 2022

RICHMOND—Governor Ralph Northam today announced that fifteen companies across the Commonwealth have graduated from the Virginia Economic Developmen

Sixteen Companies Selected to Participate in Virginia Leaders in Export Trade Program

January 13, 2022

RICHMOND—The Virginia Economic Development Partnership (VEDP) today announced the acceptance of 16 companies into its two-year Virginia Leaders in

Virginia Announces Nation's First State-Led Supply Chain Optimization Program

September 1, 2021

RICHMOND—Governor Ralph Northam today announced the launch of the nation’s first official state-led Supply Chain Optimization Prog

Eight Virginia Companies Expand into Global Markets with Commonwealth’s Trade Accelerator Program

July 30, 2021

RICHMOND—Governor Ralph Northam today announced that eight companies across the Commonwealth have graduated from the Virginia Economic Development

Case Studies

Reservoir Distillery logo

Reservoir Distillery Establishes Itself Down Under With Help from VEDP Trade Missions

Reservoir Distillery has manufactured craft bourbons, ryes, and other whiskeys from its Richmond facility since 2008. The company prides itself on locally sourcing its ingredients — all of the grains used in its spirits come from within 45 miles of the distillery, and every whiskey is crafted, aged, and bottled in-house.

Dilon Logo

International Sales Help Dilon Technologies Weather Domestic Downturn

The company joined VEDP’s Virginia Leaders in Export Trade (VALET) program in 2020, helping its international sales grow by 300% — and the enhanced focus on exports came at a fortuitous time. Soon after Dilon began the program, the U.S. market went into a downturn due to the COVID-19 pandemic, while international markets kept growing, helping protect the company from the ups and downs of the domestic market.

TMEIC

TMEIC Gets a Lift in International Sales from VEDP Trade Services

TMEIC has utilized VEDP trade services since VEDP first offered to hold in-house trade compliance training sessions for the company starting in 2003. TMEIC is now participating in the VALET program for the second time. The company hopes to sell its automation and drives technology to ports around the world, focusing on Southeast Asia and Indonesia, Thailand, and Vietnam in particular.

K12 A Stride Company

COVID Accelerates Stride’s Entry Into India

Stride’s international business had been based on informal relationships with in-country representatives rather than a strategic plan. During the trade mission to India in February 2020, Stride representatives met with 16 prospective partners and clients in Bangalore, Delhi, and Mumbai, with VEDP arranging the logistics of the trip and assisting with post-trip follow-up.