PRESS RELEASE: Total Fiber Recovery to Invest $49 Million and Create 68 New Jobs

Mixed Paper Recycling Company, Total Fiber Recovery, Plans to Invest $49 Million and
Create 68 New Jobs in the City of Chesapeake

(Chesapeake, VA.) February 28, 2020 — Oregon-based, Total Fiber Recovery (TFR) will invest $49 Million and create 68 new jobs with an average salary of $48,000 in the City of Chesapeake. Led by CEO of Bulk Handling Systems, Steve Miller and President, Eric Herbert, TFR brings together decades of experience from the paper and recycling industries. A unique and proven technological process of purifying and pulping recovered fiber will be established at this new location. The recovered fiber will then be shipped and utilized domestically and internationally to paper plants where it will be created into new products.

Chesapeake beat out locations in both Maryland and South Carolina with the assistance from the Virginia Economic Development Partnership (VEDP), The Port of Virginia and the Hampton Roads Economic Development Alliance (HREDA). Governor Northam granted $200,000 from the Commonwealth’s Opportunity Fund (COF) to assist Chesapeake and Virginia in winning this competition.  Additionally, the City of Chesapeake will provide a $200,000 grant from its Economic Development Investment Program (EDIP). The project also qualifies for incentives from The Port of Virginia’s Economic and Infrastructure Development Zone Grant Program. Total Fiber Recovery will also be receiving state-funded assistance for skilled labor training as a result of the 68 new jobs the project will bring.

With plans to open in 2021, TFR will begin to process 300,000 tons of mixed paper per year. Steven Wright, Economic Development Director with the City of Chesapeake, states “This project was a big win for the City of Chesapeake. We are excited to have a sustainable company such as Total Fiber Recovery in our City.  Their significant capital investment and job creation speaks to this City’s robust economic health”.

Mayor of Chesapeake, Rick West, states, “Chesapeake residents and businesses have always taken a leading role in the push to ‘go green,’ and we are extremely pleased that Total Fiber Recovery has chosen our City as their new home. The opportunities this facility opens, not only in terms of new jobs and capital investment, but also to enhance our environmental stewardship, will pay dividends for years to come.”

Chesapeake 20th Annual Golf Classic

Join Chesapeake Economic Development for the 20th Annual Business Appreciation Golf Classic on Friday, May 8, 2020 at the Chesapeake Golf Club.
Registration begins at 8:00 am – Shotgun start at 9:00 am – Captain’s Choice.

For additional Sponsorship & Registration information, please contact Sherry Barnette. or visit our page at

City of Chesapeake Company Selected to Participate in Virginia’s VALET Program

City of Chesapeake Company Selected to Participate in Virginia’s VALET Program

Two-year export program provides resources to support international business expansion

January 16, 2020

RICHMOND, VA — The Virginia Economic Development Partnership (VEDP) today announced the acceptance of INIT Innovations in Transportation Inc., a City of Chesapeake company, into its two-year Virginia Leaders in Export Trade (VALET) program. The VALET program assists companies in the Commonwealth that are committed to international exporting as a growth strategy. To participate, each business must meet both quantitative and qualitative selection criteria. Participating firms are chosen based on their dedication to growing export sales. To date, 348 Virginia companies have been accepted to participate in the VALET program.

“Increasing trade and trade-related jobs in Virginia are among VEDP’s top priorities,” said VEDP Executive Vice President Jason El Koubi. “Executed by our world-class International Trade team, the VALET program has a proven track record of helping Virginia businesses increase their export sales, contributing economic growth and ensuring that Virginia remains competitive in the global marketplace.”

“The VALET program puts participating companies on the fast track to international business growth by connecting them with the necessary tools for successful international sales,” said Stephanie Agee, Vice President of International Trade. “We are excited to welcome INIT into the VALET Program and look forward to working with them over the course of the next two years.”

Currently, the VALET program has 44 companies as participants. The program provides participating companies with export planning services and assistance from a team of experienced international service providers to help meet the companies’ international business goals. These private sector service providers contribute essential expertise to assist companies in executing export plans and include attorneys, web designers, bankers, translators, accountants, and freight forwarders.

The Commonwealth of Virginia exports more than $35 billion in goods and services annually. Exports of Virginia’s products and services to the world are vital to the growth of the Commonwealth, supporting more than 257,000 jobs and generating $2 billion in annual tax revenue. VEDP offers numerous programs to assist Virginia companies with selling into the global marketplace and has a network of international market research consultants covering more than 70 countries around the globe.

INIT Innovations in Transportation Inc.       

INIT Innovations in Transportation, Inc. develops intelligent transportation system solutions for public transit in North America. It offers system design, software and hardware development, electronics design, and system implementation services. The company was incorporated in 1999 and is based in Chesapeake, Virginia. For more information, please visit

Virginia Economic Development Partnership

The Virginia Economic Development Partnership was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support the development and expansion of the economy of the Commonwealth. To accomplish its objectives of promoting economic expansion within the Commonwealth, the Partnership focuses its efforts on business recruitment, expansion and international trade development.

For more information on the VALET Program, visit

To see the full press release from VEDP, please click here.

Notice of Economic Development Authority Meeting Change

thumbnail of Meeting Change Notice for December 12, 2019

The Economic Development Authority will have a scheduled meeting for December 12, 2019 at 2:00 pm. The location of the meeting has been changed to MBP Office at 676 Independence Parkway, Suite 220, Chesapeake, Virginia 23320. For additional information, please contact Steven Wright at 382-8040.

Ribbon Cuttings November 2015

Congratulations to our new businesses that had Ribbon Cuttings in the month of November!

Reginella’s Trattoria & Pizzeria

109 Volvo Parkway
Chesapeake, VA 23320
(757) 410-4979



Spring of Life Chiropractic

1101 Battlefield Blvd N
Chesapeake, VA 23320
(757) 560-7987



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