Native Chesapeake enterprise on record of Virginia firms that graduated from export program
RICHMOND, Virginia (WAVY) – Governor Ralph Northam announced Friday that seven companies have completed the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program – one of which is located in Chesapeake.
“In today’s challenging and uncertain business environment, Virginia companies need support to identify new customers and navigate global markets,” said Northam.
According to a statement from the governor’s office, the VALET program has more than 300 graduate companies.
The program helps Virginia exporters who have established domestic operations and “have adopted international exports as a growth strategy.”
“The tools and expertise of the VALET program continue to help Virginia exporters grow sales, which are a major economic engine for the Commonwealth. We applaud these seven companies for their commitment to international growth and success in Virginia and abroad, ”said Northam.
The closing companies are:
- Atomized Products Group from Chesapeake, City of Chesapeake
- Life sciences, Albemarle County
- Cambridge International Systems, Arlington County
- Diamond Healthcare Corporation, City of Richmond
- ExploreLearning, City of Charlottesville
- Fonteva, Arlington County
- Sentry & Erector, Bedford County
The program is a two-year international business acceleration program that provides companies with international sales plan development services, support from a team of experienced international service providers, international business meetings with potential partners, educational events and bespoke market research.
The statement said Virginia exports over $ 37 billion worth of goods and services annually. Exporting the Commonwealth’s products and services is critical to its growth. It supports more than 257,000 jobs and generates $ 2 billion in annual tax revenue.