2020 NRV Announcements Highlighted in Virginia Business

New River Valley, VA – Three major 2020 NRV business announcements were recently highlighted in Virginia Business magazine. The article, titled “A Diversified Portfolio”, describes the announcements and their impact on the region. The article also discussed the state of the manufacturing and tech sectors in Virginia’s New River Valley during the COVID-19 pandemic using data from Onward New River Valley’s recent Industry Competitiveness Surveys.

Learn more about three 2020 NRV business announcements included in the article below:

• Patton Logistics Group: $12 million investment, 33 new jobs
• Modea: $100,000 investment, 20 new jobs
• Torc Robotics: $8.5 million investment, 350 new jobs

Read the full article from Virginia Business here.

See more business announcements from Virginia’s New River Valley here.

Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small-town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.