Oceaneering International Expands in Chesapeake

Governor McDonnell Announces Oceaneering International to Invest and Expand in City of Chesapeake

~Company to enhance operations, creating approximately 70 new jobs and retaining more than 460 jobs~

RICHMOND – Governor Bob McDonnell today announced that Oceaneering International, Inc. (NYSE:OII), a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications, will expand its presence into the City of Chesapeake. The company will consolidate its engineering, manufacturing and administrative functions at a new, 150,000-square-foot facility to be developed by Armada Hoffler Properties, which will invest approximately $25 million to accommodate this expansion. Serten Advisors, LLC served as real estate consultant for Oceaneering International in the transaction. The current primary customers served by Oceaneering’s Marine Services Division (MSD) are the U.S. Navy and the maritime industry. Virginia successfully competed against North Carolina for the project, which will create approximately 70 new jobs and retain more than 460 jobs.

Speaking about today’s announcement, Governor McDonnell said, “Oceaneering International has maintained an engineering/ship repair location in the City of Chesapeake for 13 years. With this tremendous investment the company expands to a new site that will serve its existing and future operations, as well as consolidated engineering, manufacturing, and administrative functions, including a multi-trade apprenticeship program. Oceaneering is a major employer in Chesapeake, and with this project will create new jobs that exceed the annual prevailing wage in the region, and create new capabilities that support projected customer needs and its current highly skilled workforce. This expansion is a great win for Virginia and Hampton Roads.”

“The City of Chesapeake is a prime location for a company like Oceaneering International that performs vital functions for the U.S. Navy and maritime industry,” said Jim Cheng, Virginia Secretary of Commerce and Trade. “Oceaneering will continue to benefit from a trained, available workforce in the region and a strategic location with critical access to the ocean and the Port of Virginia. This significant project represents future growth, longevity, and continued success in Virginia.”

Founded in 1964, Oceaneering has grown from a diving business in the Gulf of Mexico to a diversified, advanced applied technology organization operating around the world. This has been accomplished by executing a plan of organic investments augmented by strategic acquisitions. Through its Advanced Technologies business, Oceaneering serves the defense and aerospace industries, serving the U.S. Navy as a primary customer for over 30 years. The Marine Services Division in Chesapeake focuses on submarines, deep submergence systems, and air cushion landing craft, and is certified by the U.S. Navy as a Submarine Safety (SUBSAFE) activity. They support Navy operations around the world out of the Chesapeake office.

“Selecting Hampton Roads in Virginia for our new MSD location perfectly aligns our five year goals to become both the Employer and Contractor of Choice in our market segment,” said Wayne Jakubowski, Oceaneering Vice President and General Manager. “This location provides ideal convenience to our current, very capable employee base, in which we have already invested significant training, as well as proximity to key customers and shipyards. Oceaneering MSD continues to foster the strategic partnership with local and state government developed over 13 years at our current location in Chesapeake. This location is truly an enabler for continuing our support for the growing demands of our customers.”

The Virginia Economic Development Partnership worked with the City of Chesapeake Department of Economic Development to secure the project for Virginia. Governor McDonnell approved a $750,000 grant from the Governor’s Opportunity Fund to assist the City of Chesapeake with the project. The Governor also approved a $750,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies. The company qualifies for industrial road access funding from the Virginia Department of Transportation. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company’s recruitment and training activities.

“Hampton Roads is a place where companies can grow and prosper, and Chesapeake is at the center of it,” said Mayor Alan P. Krasnoff. “Keeping Oceaneering International and its 400-member workforce in Chesapeake is a competitive win for us, and we are grateful for the opportunity to contribute to their success.”

Troy University Reopening

Troy University’s Grand Reopening in Chesapeake

Chesapeake, VA – Troy University is proud to announce its Grand Reopening and
Ribbon-Cutting ceremony in Chesapeake from 11 a.m. until 2 p.m. on Tuesday,
September 24,2013.

City officials, media representatives, as well as the public are invited to attend.
Following the formal ceremony, guests are invited to enjoy a tailgate-themed open
house with refreshments, prizes, and the outdoor entertainment of Zl 04 radio station.
The Chesapeake campus of Troy University is located in the former SunTrust Building at
100 Volvo Parkway, Suite 300, Chesapeake, VA 23320 after relocating from Norfolk.
“Our new centrally located office will enable Troy University to provide a range of
services for our online students and more effectively reach adult learners interested in
higher education” said Roger Smith, Troy’s Hampton Roads Area Coordinator.

In Virginia, Troy University offers its courses entirely online. This fully accredited, 126
years old public institution offers a diverse range of programs, including associate’s,
bachelor’s and master’s degrees, as well as the Doctor of Nursing Practice.
“One of the best ways to stimulate a strong workforce is through education,” said
Steven C. Wright, Director of Chesapeake Economic Development. “Having
Troy University in Chesapeake is a strong asset that offers our community more nontraditional
options to advance knowledge and increase opportunity.
For more information on Troy University please visit www.troy.edu. To R.S.V.P. for the
grand opening event, contact Michael Camden at Michael.camden@troy.edu or
call 757-451-8203.

Chesapeake Launches South Norfolk Website

Chesapeake Economic Development

Launches South Norfolk Business Website

Chesapeake – The Chesapeake Economic Development Department announces today the official launch of www.southnorfolk.biz, a website devoted to increasing the awareness of the opportunities for enterprise in the South Norfolk branch of the City of Chesapeake. In many cases, a website is a user’s first impression, even before a phone call or any form of contact has been made. Hence, the presence of www.southnorfolk.biz allows a person to foster interest and ultimately connect with South Norfolk from any home or office in the world.

The Chesapeake Economic Development Department website, www.southnorfolk.biz, provides a generous amount of information and resources to its visitors. Upon entering the site you will be greeted by picturesque photographs that allow a visitor to see South Norfolk firsthand, from its waterfront to the mouth of Poindexter Street. Users will then have the option of toggling through the history of South Norfolk and the City of Chesapeake, Business Incentives, News & Media and Contact links that put them in direct communication in an instant.

“The website provides insight and information to prospective businesses looking to locate in the South Norfolk area,” said Steven C. Wright, Director of Chesapeake Economic Development. “It’s a digital marketing tool that showcases South Norfolk as a prime area to locate a business.”

The internet has revolutionized the way business is done by eliminating the obstacles of time and distance. The website, www.southnorfolk.biz, will reach persons who may otherwise not have known this rewarding area of the City of Chesapeake exists. While there are a virtual endless number of benefits to using web technology, it can also travel ahead of our business teams as we make recruitment trips in our ongoing efforts to attract new business. We are aware that in the past it used to take a meeting to glean a first impression. Today, that can be reached through a simple internet search. Through www.southnorfolk.biz we are making that first impression of South Norfolk and the City of Chesapeake a memorable one.

2013 Chesapeake Business of the Year

Sumitomo Machinery Corporation of America and Enviva LP

Named the 2013 Chesapeake Businesses of the Year

Chesapeake – In recognition of the Virginia Business Appreciation Week celebrated in early June, the Chesapeake Economic Development is pleased to announce our 2013 Business of the Year recipients.

Sumitomo Machinery Corporation of America is the Chesapeake Economic Development Authority’s 2013 Business of the Year. Sumitomo Machinery Corporation of America (SMA), North American headquarters for Sumitomo Drive Technologies,  unveiled its new Bevel Buddybox® in an Open House on Friday, April 19th, 2013—marking the completion of Phase I of the company’s 2015 Manufacturing Vision—an investment strategy that will ultimately total more than $12.5 million and create up to 50 new jobs. Mayor Alan P. Krasnoff presented Ronald J. Smith, Sumitomo President/CEO with a certificate of recognition for SMA’s launch of the Domestic Manufacturing Initiative and for the company’s outstanding presence in Chesapeake’s Cavalier Industrial Park for more than 25 years. SMA is currently expanding its manufacturing capabilities at its 250,000 sq. ft. facility and preparing 350 employees to support the production of its two new product lines in the bevel gear market.

Enviva LP is the Chesapeake Port Authority’s 2013 Waterfront Business of the Year. Enviva is being hailed as a pioneer after initiating cutting-edge innovation by repurposing old wood pellets into something new and in high demand. The company erected an inflatable state-of-the-art storage silo at the Port of Chesapeake off of Victory Boulevard that holds 50,000 metric tons of wooden pellets that are used as fuel by power companies to generate electricity. The 157-foot tall dome houses the wood pellets, which are a renewable resource and a cleaner alternative to fossil fuels like coal. By combusting wood pellets in lieu of coal, it dramatically reduces the CO2 emissions and greenhouse gas emissions of a power plant. Ultimately, Enviva is empowering its customers to reduce the environmental footprint of their energy generation. More than 60 workers oversee the process at Chesapeake’s deep-water port terminal, closely monitoring the product from forest, to plant, to port. The pellets are then shipped to European power customers where the small wooden pellets have been in high demand for nearly 10 years.

On May 17, 2013, the honorees received their congratulatory awards at the 13th Annual Chesapeake Business Appreciation Golf Classic held at Cahoon Golf Course. More than 150

members of the business community and city officials were in attendance. The golf tournament’s net proceeds will benefit the Chesapeake Care Clinic.

Representatives from both Sumitomo Corporation of America and Enviva LP will be formally recognized in the Chesapeake City Council Chambers on Tuesday, June 25, 2013 at 6:30 p.m.

2013 Chesapeake Business River Stars

Saluting the finest environmental stewards on the Elizabeth

Since the 1997 launch of the River Stars business partnership with The Elizabeth River Project pollution has reduced 281 million pounds, 1,247 acres of wildlife habitat restored or conserved and more than a billion pounds of other materials have been reduced, recycled or reused!

Best of the Best – Model Level

Chesapeake Sheriff’s Office

Well-Rounded – Achievement Level

Culpepper Landing

Great Bridge Battlefield & Waterways History Foundation

Start-up – Commitment Level

Bay Environmental

South Norfolk Jordan Bridge

Top Rack Marina

Sustained Distinguished Performance

Chesapeake Arboretum

Citgo Petroleum Corp. Chesapeake Terminal

Enviva Port of Chesapeake

Hess Corp. Chesapeake Terminal

Perdue Agribusiness Chesapeake Plant

Recertifying

Allied Concrete Products

Colonial Pipeline

Inside Business Hall of Fame 2013 Winner

Kinder Morgan/Elizabeth River Terminals