Virginia Economic Development Partnership

Virginia Economic Development Partnership
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The Going Global Defense Initiative (GGDI) helps Virginia's defense companies diversify into new international markets.  Eligible defense-related companies can receive assistance with strategy, export compliance, matchmaking, translation, and more.  There are opportunities to participate in on-continent vendor days with combatant commands as well as training sessions covering DCS, FMF, FMS, ITAR and other important topics that impact the international transfer of goods. These training courses are held throughout Virginia to prepare your company to “go global”.  Defense-related companies can also receive market research services such as identifying potential distributors and conducting due diligence. These are just a few of the resources available in the Going Global Defense Initiative.

In October 2016, the Department of Defense (DoD) issued rule 252.204-7012 (DFARS 7012) that changed the Defense Federal Acquisition Regulation Supplement (DFARS) regarding Safeguarding Covered Defense Information (CDI) and cyber incident reporting. In essence, this provision requires DoD contractors to provide adequate security to safeguard CDI on...

-SWaM-certified Karn Custom Woodwork to invest more than $2.5 million to expand headquarters and manu-
Governor Terry McAuliffe today announced that Karn Custom Woodwork (KCW), an architectural millwork manufacturing and installation company, will invest $2.55 million to expand its headquarters and manufacturing operation in the City of Richmond....

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