The Virginia Economic Development Partnership (VEDP) announced the acceptance of 14 Virginia companies into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy. Participating firms are chosen based on their dedication to growth through export.
The new companies accepted into the program include Alliance Solutions Group, Inc. of the City of Newport News; American Hardwood Industries of the City of Waynesboro; Analytics Corporation of the Town of Ashland; Applied Information Sciences, and MCR, LCC, both of Fairfax County; Capco Machinery Systems of the City of Roanoke; Damascus Corporation of the Town of Abingdon; Dominion Voltage Inc. of the City of Richmond; DreamPak of the City of Alexandria; Indoor Biotechnologies of the City of Charlottesville; Momentum Aviation Group of Prince William County; Osen-Hunter Group Inc. of Orange County; Parker Systems, Inc. of the City of Chesapeake; and QualiChem Inc. of the City of Salem.
Currently, the VALET program has 50 companies as participants. New participants in the program have access to $15,000 in reimbursement funds from the Commonwealth. The program provides participating companies assistance from a team of experienced international service providers to help meet their international goals. Private sector service providers, such as attorneys, web designers, bankers, translators, accountants and freight forwarders, contribute essential expertise to assist companies in executing their export initiatives.
These Virginia companies join the program as part of the 25th class of the VALET program. To participate, each eligible business must meet several quantitative criteria and complete an application process. To date, 209 Virginia companies have been accepted to participate in the VALET program.