Join Chesapeake Economic Development for the 18th Annual Business Appreciation Golf Classic on Friday, May 18 2018 at Cahoon Plantation Golf Course. Registration begins at 8:00 am – Shotgun start at 9:00 am – Captain’s Choice.
For additional Sponsorship & Registration information, please contact Sherry Barnette.
Proceeds donated to the Roc Solid Foundation.
CHESAPEAKE, Va., Feb. 22, 2018 /PRNewswire/ — Summit Pointe Realty, LLC today unveils plans for the continued development of Summit Pointe, Chesapeake’s newest, largest and tallest urban lifestyle community. Representing a projected investment of over $300 million of development in multiple phases, this first phase emphasizes a new form of urban living, workplace solutions, entertainment and shopping options.
The iconic high-rise office tower under construction at Summit Pointe is the world headquarters for Dollar Tree, Inc. (NASDAQ: DLTR), comprising 510,000 square feet of state-of-the-art workspace. Scheduled for completion in the summer of 2018, this will be the tallest office tower in Chesapeake, visible from Interstate 64. The adjacent parking deck with public parking contains 1,500 spaces.
Uniquely designed workplaces and residences over ground floor shops and restaurants will frame the tree-lined Belaire Avenue, a gathering place for new entertainment and dining options in the region. Outdoor musical events, festivals and other functions will enliven the urban experience in the piazza nestled within the heart of Summit Pointe.
“The Summit Pointe experience will offer workers, residents and visitors a dynamic social environment unmatched in the region. Upscale offices and residences, cafes, a boutique hotel choice and unique retailers will blend together to create the Summit Pointe experience. This is the beginning of a new downtown in Greenbrier for Chesapeake,” stated Rick West, Mayor of Chesapeake, Virginia.
Additional new development will include upscale residential communities with unequaled lifestyle amenities containing at least 600 units, over 100,000 square feet of new retail and restaurant spaces, at least 100,000 square feet of traditional and modern workspaces, and a boutique hotel.
“Great companies are attracted to great places. We are building a dynamic campus environment at Summit Pointe. This project will enable our company, the City of Chesapeake, and the entire Hampton Roads region to attract top-tier talent and grow the workforce and business landscape of the future,” stated Bob Sasser, Dollar Tree’s Executive Chairman.
Summit Pointe is presently zoned to develop 1.0 million square feet of office space, over 1,400 residences, up to 500,000 square feet of retail space, and 250,000 square feet of hospitality and conference space.
For more details about Summit Pointe, please visit: https://www.summitpointeva.com/
~Company to retrain 130 employees with support from the Virginia Jobs Investment Program~
~ Sumitomo Machinery Corporation of America to create 26 new jobs, expand manufacturing operation ~
RICHMOND – Governor Terry McAuliffe today announced that Sumitomo Machinery Corporation of America (SMA) will invest $10 million to expand its manufacturing operation in the City of Chesapeake. The company will add 100,000 square feet to its North American headquarters at the Cavalier Industrial Park which is home to 220 employees overseeing 18 facilities spanning across the U.S., Canada, Mexico, and Central and South America. The project will retain 20 existing jobs and create 26 new jobs.
“Sumitomo has achieved impressive success at its U.S. headquarters in the City of Chesapeake since relocating in 1987, and we are proud that the company continues to reinvest in Virginia,” said Governor McAuliffe. “As a global giant in the advanced manufacturing industry, Sumitomo’s repeated expansion in Chesapeake is a strong testament to our advancement growing this critical sector as we diversify and build the new Virginia economy.”
Sumitomo Machinery Corporation of America is a subsidiary of Sumitomo Heavy Industries, one of the largest manufacturers of machinery in Japan and a global leader in power transmission knowledge and innovation. SMA is a premier power transmission and control solution provider with customers across the U.S., Canada, and Latin America for over 50 years.
“It is always gratifying to see a Virginia-headquartered manufacturing company expand and further strengthen this important sector,” said Secretary of Commerce and Trade Todd Haymore. “Sumitomo could have made this investment at any one of its U.S. manufacturing operations, and we are grateful the company has secured its longevity in the Commonwealth. We are confident that Chesapeake and the Hampton Roads region will continue to provide a business climate and infrastructure that enables Sumitomo to thrive for another 30 years.”
“Virginia offers many of the important benefits that a company looks for when deciding where to locate their business or whether to expand existing operations,” said James D. Solomon, President and CEO of Sumitomo Machinery Corporation of America. “Close proximity to the Port of Virginia, access to a highly skilled workforce, business-friendly regulations and ongoing support from the City of Chesapeake have all contributed to our growth in the Commonwealth. 2018 marks the 30th Anniversary of SMA’s relocation to Virginia and we look forward to a bright future with this newly announced expansion.”
The Virginia Economic Development Partnership (VEDP) worked with the City of Chesapeake to secure the project for Virginia. Governor McAuliffe approved a $200,000 grant from the Commonwealth’s Opportunity Fund to assist the City with the project. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
Sumitomo Machinery Corporation of America is currently participating in VEDP’s award-winning Virginia Leaders in Export Trade (VALET) Program. VALET is an application-based, two-year international export acceleration program.
“It is exciting to start off the New Year with Sumitomo’s announcement to expand its growing advanced manufacturing operations, once again, in Chesapeake,” said Mayor Rick West, City of Chesapeake. “For 30 years, Sumitomo has called Chesapeake home and achieved significant milestones that have positively impacted their facilities, employees and our community at large. We are truly fortunate to have Sumitomo as a corporate citizen and look forward to celebrating their 30th Anniversary in 2018 while setting the stage for the next 30 years.”
“Sumitomo has been an important member of the Chesapeake business community for decades, and I am thrilled to see the company reinvesting in its North American headquarters,” said Senator Lionel Spruill. “Sumitomo has made a wise choice to grow in Hampton Roads, and will continue to benefit from our outstanding workforce. I am proud for Sumitomo to call my district home, and look forward to the company’s future growth in Chesapeake.”
“Sustainable economic growth is a key driver for strong communities,” said Delegate Cliff Hayes. “For thirty years we’ve enjoyed a great community partnership with Sumitomo. We’re excited that they are adding jobs in the 77th House District and expanding in Cavalier Industrial Park.”
~ Chemres to expand resin production operation, create 16 new jobs ~
RICHMOND – Governor Terry McAuliffe today announced that Chemres, a global supplier of commodity and engineering resins, will invest $3 million to expand its resin production operation in the City of Chesapeake. The company will purchase additional machinery and equipment. Virginia successfully competed against Florida for the project, which will create 16 new jobs.
“Virginia’s world-class business environment and high-quality work force continue to help innovative companies like Chemres thrive,” said Governor McAuliffe. “Supporting existing businesses of all sizes is critical to our mission to diversify and build the new Virginia economy, and we thank Chemres for reinvesting in the Commonwealth.”
Founded in 1994, Chemres is a global supplier of commodity and engineering resins. The company, headquartered in Princeton, NJ, also provides supply chain management solutions to source and deliver resins, compounds, and additives globally. As an ISO-certified company, Chemres partners with suppliers and customers to ensure reliable quality throughout the production process to delivery.
“It’s exciting to see a small business like Chemres nearly double its workforce with this expansion and benefit from the Virginia Jobs Investment Program,” said Secretary of Commerce and Trade Todd Haymore. “The Commonwealth is home to over 200 plastics companies that employ more than 20,000 people, and the advanced materials sector continues to be a big economic driver for Virginia. We thank Chemres for its investment and look forward to the company’s growth in Chesapeake.”
“Chemres saw the opportunity to transform this unique property into a world-class, 65-acre single site plastic compounding and logistics facility unlike anywhere else on the eastern seaboard,” said Paul Keimig, President of Chemres. “The strategic location and proximity to the Port of Virginia allows us to service the entire eastern seaboard and mid-west region with highly competitive transportation costs. Our site consists of extensive rail with seaport access, warehousing, and bulk and boxload trucking, differentiating us from our competitors. We have a strategic location, manufacturing, warehousing, logistics, and a strong workforce from the Virginia Job Investment Program and the support from Governor McAuliffe’s office. All of these factors were key in making Chesapeake a real home run.”
Hemant Bansal, Controller for Chemres, adds, “Now, with a recent $3 million capital upgrade, we will compound 85 million pounds annually and warehouse 75,000 square-feet of product used primarily in high-quality medical device and food packaging applications. Plans are already underway to more than double the warehousing capacity and triple the rail spots.”
The Virginia Economic Development Partnership will support Chemres’ new job creation through its Virginia Jobs Investment Program (VJIP). VJIP provides consultative services and funding to companies creating new jobs or experiencing technological change to support employee training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for its citizens.
“Chemres’ decision to expand in Chesapeake is a welcomed investment for our community,” said Steven Wright, Director, City of Chesapeake, Department of Economic Development. “Upgrading its facility and adding new skilled labor will allow Chemres to ramp up production and take the company to the next level.”
“I’m proud to support the growth of Chemres as the company significantly expands its team,” said Senator Lionell Spruill. “Chemres has been a valued member of Chesapeake’s corporate community for over 20 years, and it is exciting to see the company reinvesting in the City and region.”
“Quality assurance and control is the linchpin for sustainability of an organization’s product line,” said Delegate Cliff Hayes. “We’re excited about this announcement and function at this location. It further solidifies that the 77th House district is open for business and expansion.”
~ Standard Calibrations, Inc. to invest more than $508,500 to expand its engineering operation ~
RICHMOND – Governor Terry McAuliffe today announced that Standard Calibrations, Inc. (SCI), a global instrumentation and controls company, will invest more than $508,500 to expand its engineering operation in the City of Chesapeake. SCI is experiencing rapid business growth due to its work globally with high-profile data centers, such as those found in social media, software, financial, government, and other related industries. The expansion will create 150 new jobs.
“Helping small businesses like Standard Calibrations thrive and reinvest in the commonwealth is key to our mission to diversify and build the new Virginia economy,” said Governor McAuliffe. “SCI has built an impressive customer base, including the U.S. Department of Defense, in addition to a number of commercial and industrial sectors. We are proud to support the expansion of SCI, a SWaM-certified company that has spent more than 25 years in the City of Chesapeake and Virginia.”
Founded in 1989, Standard Calibrations, Inc. has evolved into a leader in the industry of sensor and instrumentation calibration, repair, and configuration with an outstanding reputation for quality and safety. The company’s offerings include valves, instrumentation, test and measurement equipment, calibration/start-up services (ISO 17025-Accredited), critical environmental system configuration, engineering design, instrumentation qualification testing, and installation services. With over 40,000 square feet of laboratories, clean rooms, and industrial fabrication areas, SCI is prepared to handle any project large or small. SCI has offices in Virginia and California dedicated to meeting customer needs around the world.
“Virginia is home to several of the nation’s leading engineering programs, providing a fertile environment for Standard Calibrations to expand and skilled talent to support its growth,” said Secretary of Commerce and Trade Todd Haymore. “Our existing businesses play a critical role in Virginia’s economic vitality, and it is exciting that the company’s growth is spurred by one of our top economic drivers—data centers. We congratulate SCI on its success in the City of Chesapeake and 150 new, high-quality jobs for Virginians.”
“I am excited that Standard Calibrations has chosen to expand its workforce and technology footprint in the City of Chesapeake,” said Secretary of Technology Karen Jackson. “Hampton Roads, and the commonwealth as a whole, are experiencing strong technology company growth and Standard Calibrations has created a niche for itself that will not only support future growth in key industries such as data centers, but also position the company for long-term success.”
The Virginia Economic Development Partnership will support Standard Calibrations’ new job creation through its Virginia Jobs Investment Program (VJIP). VJIP provides consultative services and funding to companies creating new jobs or experiencing technological change to support employee training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for its citizens.
“Virginia has been home to SCI since its inception in 1989 due to the vast opportunities from the maritime, Department of Defense, and other governmental agencies in the area, which has historically been the core of our business,” said President of Standard Calibrations, Inc. Floyd Cross. “In recent years the focus has been on industrial applications, which includes data centers. SCI is strategically located in Virginia to service customers not only globally, but also domestically, as the U.S. possesses the largest concentration of data centers in the world.”
“Standard Calibrations’ hard work has paid off as the company has strategically diversified its operations from solely relying on the defense sector to commercial enterprises in the fast-paced data center sector,” said Steven C. Wright, Director, City of Chesapeake, Department of Economic Development. “Standard Calibrations’ ability to earn the trust of high profile data centers and other global leaders in this growing industry is no small feat. We’re proud of Standard Calibrations accomplishments and look forward to their continued longevity as they grow their future workforce.”
“Standard Calibrations is a great example of the success small businesses can achieve in Chesapeake,” said Senator Lionell Spruill. “I am thrilled to see the company growing its employment, as these 21st-century jobs are critical to a healthy economy. I am proud to have SWaM-certified Standard Calibrations in my district, and stand ready to support the company’s future growth.”
“The 78th House District has benefitted from having Standard Calibrations, Inc. as a member in its community, and looks forward to its expansion and the creation of 150 additional jobs,” said Delegate Jay Leftwich. “Private industry is the backbone of our economy and paves the way for prosperity and smart growth within the City of Chesapeake. I look forward to working with Standard Calibrations as a community partner and growing its business.”
December’s EDAC meeting will be held on Friday, December 8, 2017 from 8:00 am – 9:00 am at Cox Business. In light of the Holiday Season, the presentation will include a variety of speakers from local nonprofits.
Next meeting we will be collecting canned and non-perishable food items to benefit local families in need. Please give what you can.
Please join us at the FBI’s regional headquarters this month for EDAC. Absolutely NO: electronics (i.e. iPads, cell phones, cameras, etc). Registration limited to 50 people (no registration, no entry). Keep in mind’s: Due to security concerns you will enter through a metal detector; you will be escorted to and from the restroom. Please register […]