Press

November 24, 2010
Virginia Beach-based DAVCON Inc. to Construct New Building

DAVCON, Inc. announced plans plans to construct a 10,000-square-foot office-warehouse building with the option for future expansion of 14,000 square feet on 2.2 acres at 240 London Bridge Road. The company plans to invest approximately $1.4 million in construction of the building, and qualifies for $62,000 in Economic Development Investment Program Funds for its location into the Accident Potential Zone 1 (APZ1) near NAS Oceana. The company also is eligible to receive other YesOceana.com benefits, including a 90 percent rebate of its business license tax and reimbursement of city development review and permitting fees.

November 22, 2010
Global Rigging & Transport to Expand Virginia Beach Location
Company qualifies for a YesOceana.com program grant

Global Rigging & Transport (GRT) announced plans today to construct a 10,000-square-foot building on 2.4 acres on Taylor Farms Road. The company will invest $1.3 million in the construction of the building, and qualifies for $55,000 in Economic Development Investment Program Funds for its location into the Accident Potential Zone 1(APZ1). The company is also eligible to receive other YesOceana.com benefits, including a 90 percent rebate of its business license tax and reimbursement of city development review and permitting fees.

September 2010
Lumber Liquidators to open third Virginia Beach location
Company qualifies for a YesOceana.com program grant

Lumber Liquidators, the largest hardwood flooring retailer in the United States, has entered into a lease for 6,150 square feet of industrial space in the Cataldo building at 317 Village Road, Virginia Beach. The location is the company's third in Virginia Beach, and four full-time employees will be added with wages exceeding $44,000.

August 2010
ADC - Virginia Beach Named Active Base Community of the Year

In 2005, Naval Air Station (NAS) Oceana, for the first time ever, was included in the Base Realignment and Closure (BRAC) Commission's list of recommended base closures. In order to preserve the base and its enormous contributions to the community, the City of Virginia Beach developed an unprecedented plan to roll back encroachment in the area surrounding NAS Oceana, known as Accident Potential Zone 1 (APZ-1) and the Clear Zone. As a result, the Association of Defense Communities (ADC) recently named Virginia Beach as the 2010 ADC Active Base Community of the Year. This award recognizes an active defense community whose efforts in building partnerships with a military installation have enhanced military value and the overall economic development of the community.

December 15, 2009
Virginia Beach Retains International Business
Hermes closes Hamburg production location; expands operations in Virginia Beach

Hermes Abrasives, Inc., a manufacturer of coated and bonded abrasives used in the industrial sector, will continue to call Virginia Beach its North American home. Hermes Abrasives, like many companies in the manufacturing industry, has felt the effects of the economy. In April 2009, the company decided to downsize manufacturing operations as part of a worldwide consolidation. At that time, Hermes had locations in Hamburg, Germany; Bad St. Leonard, Austria; and Virginia Beach, Va.

October 20, 2009
Conforming Business Relocates and Expands in APZ-1

Impressions in Print, a small, women-owned company, specializing in printing commercial signage and promotional products, plans to relocate to 753 Voyager Court in the Oceana West Corporate Park. The company is currently located off Cleveland Street near Town Center. Impressions in Print meets the specific criteria for a conforming business in Accident Potential Zone 1 (APZ-1). It replaces a previous nonconforming business on the same site. It has been located in Virginia Beach since 1994.

October 20, 2009
Transformational Defense Industries Relocates Corporate Headquarters to Virginia Beach

Transformational Defense Industries, Inc. (TDI), part of Gamma Applied Visions Group, a Switzerland-based technology development firm, is in the process of relocating its corporate headquarters from Washington, D.C. to Virginia Beach. The company specializes in developing state-of-the-art weapons operating systems for the civilian, law enforcement and military markets.

May 11, 2009
Oceana Land Use Conformity Program Experiences Success
Innovative Program Realigns Development around Naval Air Station Oceana

The Oceana Land Use Conformity Program strives to convert nonconforming properties located in the area surrounding Naval Air Station Oceana into conforming ones. It also provides incentives for conforming businesses to relocate to APZ-1. Conforming businesses include: manufacturing companies, publishing/printing companies, wholesale operations, warehouses and more. If nonconforming businesses can not be converted, the program helps them relocate to another location in Virginia Beach.

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