COO of Qualtrax, and IT Company in Blacksburg, VA, in Virginia's New River Valley.

NRV 3rd Among Metros with High Ratio of IT Graduates to Jobs

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NEW RIVER VALLEY, VA- The Blacksburg metro, known locally as the New River Valley, recently ranked 3rd out of 25 among metros with high ratio of IT graduates to IT jobs. This ranking was published in the July/August edition of Expansion Solutions Magazine based on information in 2015 when the New River Valley had 1,000 IT graduates, putting the ratio of graduates to jobs at 1:1.


The New River Valley is home to three higher education institutions that offer a range of degrees in IT, including:

  • Virginia Tech: Department of Computer Science, Bradley Department of Electrical and Computer Engineering, and the Business Information Technology Department
  • Radford University Artis Information Technology Department
  • New River Community College Information Technology Department

The New RIver Valley has a growing IT industry. According to data from The Bureau of Labor and Statistics, from 2011-2016 the New River Valley as a whole has nearly 2,000 IT employees, marking a significant increase of 35% since 2011, which is well above both the state (3%) and national (12%) averages.


Bike with Rackspace logo for employees to ride around the Virginia Tech Corporate Research Center

This puts IT companies in a place to thrive in Virginia’s New River Valley. Currently with 154 IT establishments, the NRV is becoming an IT hub that benefits from a lower cost of living and better quality of life for employees. Onward NRV, the region’s economic development organization has identified IT as a target industry for the New River Valley and is collaborating with leaders from business, government, and higher education to support and grow the sector in the region.


Overall, the IT industry offers a range of occupations and high average earnings. The presence of multiple higher education institutions, which offer programs and graduates in various technology related subjects provides a regional advantage. Based on recent job growth, industry presence, and related criteria, the IT sectors of focus for the region are Software Development, Cyber Security, IT Support Services, and Digital Creative Firms.


Female 1901 Group employee at computer with a mountainous backdrop.

Some current IT companies and major employers in the New River Valley include Qualtrax, Rackspace, FoxGuard Solutions, Citizens Cooperative, and Modea.


For more information about IT in the NRV visit the Targeted Industry Page on our website. For any additional questions, feel free to contact Onward NRV.


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Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of both worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s 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.

Governor McAuliffe Announces Grupo Phoenix to Create 145 New Jobs in Pulaski County

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Company to invest $48.7 million to expand manufacturing operation for third time

FOR IMMEDIATE RELEASE

Date: April 12, 2017

Commonwealth of Virginia Office of Governor Terry McAuliffe

PULASKI – Governor Terry McAuliffe today announced that Grupo Phoenix, a manufacturer of rigid packaging containers for the global food and beverage industry, will invest $48.7 million to expand its subsidiary manufacturing operation, Phoenix Packaging Operations, LLC, in Pulaski County. Virginia successfully competed against Arizona and Mexico for the project, which will create 145 new jobs. Governor McAuliffe and other Virginia officials met with the Grupo Phoenix leadership during an August 2016 trade and marketing mission to Colombia. Grupo Phoenix established its first U.S. manufacturing facility in Pulaski County in 2010. This project represents the company’s third expansion, bringing its investment in the operation to $106.2 million and a total of 585 new jobs.

“Grupo Phoenix is a valuable employer that is creating new, quality jobs that necessitate critical skills of the 21st century, and we are honored to boast this global business on our corporate roster,” said Governor McAuliffe, speaking at the announcement. “Strengthening the advanced manufacturing sector is a key component of our mission to diversify and build a new Virginia economy, and when a high-caliber manufacturer like Grupo Phoenix continues to invest in the Commonwealth, it is evidence that our efforts are working.”

“After meetings and discussions both here and in Bogotá, I am pleased to congratulate Grupo Phoenix and Pulaski County on another outstanding expansion,” said Secretary of Commerce and Trade Todd Haymore. “Grupo Phoenix’s investment is strengthening Virginia’s standing in the growing packaging industry which has created more than 6,600 jobs and over $3.9 billion in capital investment in Virginia since 2007. The New River Valley provides an incredibly strong labor pool, competitive business climate and strategic access to major interstates—all factors that will undoubtedly promote Phoenix’s continued success in the Commonwealth.”

Phoenix Packaging Operations, LLC, is a subsidiary of Grupo Phoenix. Headquartered in Bogotá, Columbia, Phoenix Packaging was established in 1999 through the integration of several industry-leading companies in Colombia, Mexico, the Southern Cone, and Venezuela. With sales in over 30 countries, Grupo Phoenix is one of the largest packaging manufacturing conglomerates in Latin America, dedicated to the creation, design and manufacturing of rigid packaging and food service disposable products.

“Grupo Phoenix evaluated various location options to build upon its future in the United States and chose Virginia due to a variety of factors, including a central location that allows us to be within 400 miles of 80 percent of the U.S. East Coast population; the ability to negotiate electricity at a competitive rate; access to rail transport, which reduces our logistics; a motivated labor force; support from the local colleges and universities to assist us with training specialized technical jobs; and the accessibility and unwavering support of the government to work together within the industry to create jobs,” said Grupo Phoenix CEO Alberto Peisach.

The Virginia Economic Development Partnership worked with Pulaski County and the New River Valley Economic Development Alliance to secure the project for Virginia. Governor McAuliffe approved a $600,000 grant from the Commonwealth’s Opportunity Fund to assist the County with the project. The Governor also approved a $1 million performance-based grant from the Virginia Investment Partnership (VIP) program, an incentive available to existing companies. Grupo Phoenix will also receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and is eligible to receive funding from the Rail Industrial Access Program, administered by the Virginia Department of Rail and Public Transportation. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, and funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program. “Pulaski County is proud to be home to Phoenix Packaging and its cutting-edge manufacturing processes, and we are so very thankful for its demonstrated commitment to this community and its workforce through its sustained growth of new jobs and capital investments,” stated Jonathan Sweet, County Administrator. “The Board of Supervisors has made it a priority for Pulaski County to become the center of international business and the advanced-manufacturing hub of Southwest Virginia, and with the success of this project, continued assistance and support from the Commonwealth, and further results from our world-class economic development team, we are well on our way to realizing this county’s full potential.”

“It is always good news when a Virginia-based company chooses to reinvest here and does so, in part, because of the benefits it gets by moving its cargo across The Port of Virginia,” said John Reinhart, CEO and Executive Director of the Virginia Port Authority. “Phoenix Packaging is unique because it is a current port user that supplies packaging for other port customers as well. We welcome the opportunity to grow our partnership with this company by serving as its international trade gateway. Phoenix Packaging is growing and the Commonwealth will benefit as a result.”

“The expansion of Phoenix Packaging is a Southwest Virginia success story and is a reflection of the economic potential in our region,” said Congressman Morgan Griffith. “I am proud of Phoenix Packaging Operations, LLC, and its local workforce, for their commitment to Southwest Virginia and their contributions to our local economy.”

“I’m glad to see the expansion of Phoenix Packaging Operations in Pulaski,” said Delegate Nick Rush. “Job growth like this in Southwest Virginia is greatly appreciated.”

  Office of the Governor Contact: Brian Coy (804) 225-4260 Brian.Coy@governor.virginia.gov   Virginia Economic Development Partnership Contact: Suzanne Clark (804) 545-5806 Sclark@yesvirginia.org   Grupo Phoenix Carlos Tapias (540) 307-4050 carlos.tapias@grupophoenix.com

About Us:

Virginia’s New River Valley is a vibrant community that’s home to two state universities, Virginia Tech and Radford University, and a diverse industry base ranging from large international corporations to small technology startups. The region is designated the Blacksburg-Christiansburg Radford Metropolitan Statistical Area and encompasses the counties of Floyd, Giles, Montgomery, Pulaski and the city of Radford.

The New River Valley Economic Development Alliance is a public/private, not-for-profit organization whose mission is to market the New River Valley, to foster job creation, facilitate new investment and to improve the quality of life in the region.

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2016 in the New River Valley, Ranked!

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New River Valley, VA – 2016 was a banner year for the New River Valley in terms of regional and national recognition.  From Fox News to Southern Living to Area Development Magazine, both the region as a whole and the counties, city, towns, and universities within it were recognized for outstanding lifestyle, business, and educational opportunities.

Although this list is far from comprehensive, we hope that it gives you a good overview of how the New River Valley stacked up against the rest of the country (and world!) in 2016.

 

Safety First

•  Blacksburg (#6) and Christiansburg (#11) were ranked by Backgroundchecks.org as two of the top 25 Safest Cities in Virginia.


Happiness Counts

•  Blacksburg, Christiansburg, Radford, Floyd, and Pulaski all earned top awards in Blue Ridge Country magazine’s Happiest Town in the Blue Ridge survey.

•  Christiansburg was ranked #3 Happiest City in Virginia by OnlyInYourState.com.

•  WTKR rated Blacksburg the #7 Best City for Singles.

•  Southern Living listed Floyd among its Best Small Towns.

•  Forbes called Blacksburg a Top 25 Best Place to Retire.

•  Pulaski rang in at #10 on the Best Small Towns That Offer Peace and Quiet.

 

Leading Metro

•  AIER named the a Blacksburg-Christiansburg-Radford MSA #19 Top College Town.

•  In its Leading Locations survey, Area Development Magazine ranked the MSA as #30 overall and #12 among mid-sized metros.

•  The MSA ranked #4 overall and #2 among mid-sized metros in Area Development’s Prime Workforce rankings.

•  The Milken Institute recognized the MSA as #41 out of 201 small metro areas.

 

Tech-Savvy

•  Blacksburg was named one of the Best Tech Hubs in Virginia by Southern Business & Development Magazine.

•  Southern Business & Development Magazine also named Montgomery County as one of the Best Data Center Locations in Virginia.

•  NaCo ranked Montgomery County the #4 Top Digital County for counties with populations under 150,000.

 

 College Town Love

•  Garden & Gun ranked Blacksburg as the #1 Southern College Town.

•  Southern Living’s Facebook fans awarded Blacksburg the #1 College Town.

•  WalletHub gave Blacksburg the #27 ranking and Radford the #90 ranking out of 202 college towns.

 

Get Outside

•  Singletracks.com named Blacksburg the Mountain Bike Capital of Virginia.

•  Canoe & Kayak Magazine named Pembroke one of America’s (Next Best) Paddling Towns.

•  Fox News called Floyd Fest the #7 Hottest Music Festival in the U.S.

•  LifeOutside Magazine recognized both Pulaski and Floyd as top Weekend Getaways in Southwest Virginia.

•  Blueridge Outdoors magazine listed the Flat Peter/Dixon Branch Loop in Giles as a Top 10 Fall Foliage Favorite.

 

Top Tier Colleges & Universities

•  Princeton Review ranked Virginia Tech as having the #1 Best Quality of Life and the #7 Happiest Students, among others.

•  Washington Monthly Magazine dubbed Radford University a Best Bang for Your Buck school.

•  New River Community College was named one of Virginia’s Best Community Colleges for Workforce Training by Southern Business & Development Magazine.

•  Giles County was awarded the NaCo 2016 Achievement Award for its Access to Community College Education program.

•  Virginia Tech ranked #9 in Research Expenditures by the National Science Foundation.

 

If you’d like to stay up-to-date with the latest rankings for the New River Valley, be sure to follow us on Facebook, Twitter, LinkedIn, and Instagram!

About Us:

Virginia’s New River Valley is a vibrant community that’s home to two state universities, Virginia Tech and Radford University, and a diverse industry base ranging from large international corporations to small technology startups. The region is designated the Blacksburg-Christiansburg Radford Metropolitan Statistical Area and encompasses the counties of Floyd, Giles, Montgomery, Pulaski and the city of Radford.

The New River Valley Economic Development Alliance is a public/private, not-for-profit organization whose mission is to market the New River Valley, to foster job creation, facilitate new investment and to improve the quality of life in the region.

Business Announcements Inmotion Ribbon Cutting

NRV a top 30 “Leading Location” for new and expanding businesses

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Date:  June 15, 2016

New River Valley, VA – The New River Valley is one of the hottest places in America for new and expanding business, according to Area Development. The magazine recently released its ranking of the top 100 Leading Locations in the U.S. for 2016.

The Blacksburg-Christiansburg-Radford metropolitan statistical area (MSA), encompassing the entire New River Valley, ranked No. 30 overall and No. 12 among mid-sized metros with populations between 160,000 to 600,000. The New River Valley was one of only two metros in Virginia designated a Leading Location. Richmond, VA made the list at No. 68 overall.

In its sixth year, the Leading Locations for 2016 rankings analyzed economic and workforce data for 394 MSAs to determine recent and long-term economic vitality as well as each metros capacity to support business growth. The four primary indicators used to compile the rankings included Prime Workforce, Economic Strength, Year-Over-Year Growth, and Five Year Growth.

Prime Workforce helped propel the New River Valley to its high overall ranking. The region ranked No. 4 overall; No. 2 among mid-sized metros. A high ranking in Prime Workforce was attributed to an area’s strong and growing nucleus of well-educated and qualified 18- to 44-year-olds in the workforce.

The availability of a qualified workforce was one of the leading indicators included in the Leading Locations ranking. Area Development indicated that when choosing a place to locate or expand, executives generally prefer to pick a place with a solid pipeline of potential employees that will allow the company to hit the ground running and support future growth.

College communities were well represented among the Top 10 Prime Workforce locations. Area Development found this to be “no surprise” because many graduates choose to join the workforce after graduation and college towns tend to be hotbeds of innovation.

Virginia’s New River Valley is no exception to this finding. The region benefits from not one, but two universities – Virginia Tech and Radford University – and an exceptional community college – New River Community College. With approximately 45,000 students, these institutions provide a steady pipeline of talent for companies in the New River Valley to draw from. Virginia Tech, a top 40 research university, is also a major catalyst for the region’s growing technology sector.

Why Some Say Towns Like Blacksburg Could be the Next Silicon Valley

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“When it comes to innovation, place matters. Not necessarily because of proximity to facilities or investors (though those are lovely to have, of course), but because creativity is almost always a group endeavor — big ideas are the product not of one big brain, but of many ideas pinging between several smart people.”

Read more from Jessica Stillman at Inc.com.

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Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of all worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s 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.

Governor McAuliffe Announces $38.1 Million Volvo Group Investment in Pulaski County

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Volvo to upgrade truck plant, develop Customer Experience Center, add 32 jobs in New River Valley

DUBLIN – Governor Terry McAuliffe announced today that the Volvo Group will invest $38.1 million at the New River Valley (NRV) assembly facility in Pulaski County, where all Volvo Trucks models for North America are assembled. The investment will allow Volvo to make several plant upgrades and build a 36,000-square-foot Volvo Trucks Customer Experience Center on the NRV grounds. In addition to the investment, Volvo will add 32 new jobs at NRV.

Speaking about today’s announcement, Governor McAuliffe said, “Growing the advanced manufacturing industry is a key part of our efforts to create jobs, diversify and build a new Virginia economy. This is the largest Volvo truck manufacturing facility in the world, and we are pleased that the Volvo Group chose Virginia for this significant expansion that will ensure its success and longevity in Pulaski County for years to come.” “This announcement is a testament to the great workforce and best-in-class business environment in Pulaski County and the Commonwealth,” said Secretary of Commerce and Trade Maurice Jones. “The advanced manufacturing industry in Virginia continues to gain momentum, and we are proud that Volvo is a leader in this key sector.” Volvo Trucks provides complete transport solutions for professional and demanding customers, offering a full range of medium to heavy-duty trucks. Customer support is secured via a global network of 2,200 dealers and workshops in more than 120 countries. Volvo trucks are assembled in 16 countries across the globe. In 2014, more than 117,000 Volvo trucks were delivered worldwide. Volvo Trucks is part of the Volvo Group, one of the world’s leading manufacturers of trucks, buses and construction equipment, and drive systems for marine and industrial applications. The Group also provides solutions for financing and service. Volvo’s work is based on the core values of quality, safety and environmental care. “Volvo’s investment in the NRV facility and in the development of a Customer Experience Center is evidence of our commitment to our employees and the Pulaski County community,” said Gӧran Nyberg, president of Volvo Trucks North America. “Our competitive advantage stems from our innovative products and services, and also from our dedicated employees.” The Virginia Economic Development Partnership (VEDP) worked with Pulaski County to secure the project for Virginia. Governor McAuliffe approved a $100,000 grant from the Commonwealth’s Opportunity Fund to assist Pulaski with the project.The Governor also approved a $2 million performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Additional funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program, administered by VEDP. “The Pulaski County Board of Supervisors and County staff are pleased to have assisted Volvo with this effort,” said Joe Sheffey, Chairman, Pulaski County Board of Supervisors. “We are extremely proud of what Volvo has accomplished over the past 40 years. Volvo continues to be a leader in the local economy, in our quality of life and in the environmental care for the community we call home.” “This is fantastic news for Pulaski County and the New River Valley,” said Delegate Nick Rush. “Volvo Trucks is one of the best manufacturers in the world, and their commitment to the New River Valley is a testament to the hard work of its employees and the County’s continued efforts to bring good-paying jobs to our community.” “The Volvo Group has been a valuable community partner in Pulaski County and the New River Valley Region,” said Senator Ben Chafin. “It is great to see Volvo continuing to invest in Virginia. These new jobs are a positive step forward in building a stronger economy in Southwest Virginia.” Since the beginning of the McAuliffe administration, 471 economic development deals have been closed in Virginia with more than $7.799 billion in capital investment, more than any previous governor in his first 20 months in office. Office of the Governor Contact: Brian Coy (804) 225-4260 Brian.Coy@governor.virginia.gov Virginia Economic Development Partnership Contact: Suzanne Clark (804) 545-5806 Sclark@yesvirginia.org Volvo Trucks North America Contact: John Mies (336) 543-9094 John.Mies@volvo.com

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NRV Named a Top Metro by Site Selection Magazine

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New River Valley, VA – The Blacksburg-Christiansburg-Radford metropolitan statistical area, known locally as the New River Valley, has been named a “Top Metro” for 2014 by Site Selection magazine. Among 132 metro areas with populations less than 200,000, the NRV ranked No. 4 (tie) nationally with nine new or expanding corporate facility announcements in 2014.


Published by Conway Data Inc., Site Selection delivers expansion planning information to over 44,000 readers including corporate executives, site selection consultants, and real estate professionals. The annual “Top Metros” rankings appeared in the March 2015 issue.


Site Selection used 2014 data from the Conway New Plant Database to examine new and expanding company growth in all 381 MSAs in the United States. The 2014 rankings were split into three Top 10 lists based on population, including less than 200,000, 200,000 to 1 million, and over 1 million.


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Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of both worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s 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.