World’s Largest Credit Union Expands Virginia Footprint

Monday, 13 August 2012 15:53 by Info@YesVirginia.org
Navy Federal Credit Union recently announced plans to expand its member service operation in Winchester, Va. The multi-million dollar investment will bring 400 new jobs to Frederick County...

Navy Federal Credit Union recently announced plans to expand its member service operation in Winchester, Va. The multi-million dollar investment will bring 400 new jobs to Frederick County.

Virginia successfully competed against Florida, as Navy Federal elected to construct an additional building on its Winchester campus.

Headquartered in Fairfax County, Va., Navy Federal’s additional investment in nearby Frederick County is further testament to the success the company has found in Virginia. Navy Federal has operated its member service center in Frederick County for six years, growing to more than 500 employees at the existing facility.

As the world’s largest credit union with $50 billion in assets, Navy Federal has successfully grown from seven members in 1933 to four million members today. The company serves Department of Defense personnel and their families through a full range of financial products and services.

Member service operations are dependent upon skilled employees to provide excellent customer services critical to their success. The company’s continued growth in Virginia illustrates the high quality and motivation of its premier workforce.

As Navy Federal President and CEO Cutler Dawson said, “We have tremendous team members that work at our Winchester facility. This expansion will allow us to bring aboard even more in the future.”

To learn more about Virginia’s skilled workforce and why companies keep coming to the Commonwealth for its pro-business environment, click here.

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Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

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YesVirginia Business Blog | Virginia Wins Site Selection Magazine’s 2011 Competitiveness Award

Virginia Wins Site Selection Magazine’s 2011 Competitiveness Award

Monday, 7 May 2012 09:49 by Info@YesVirginia.org
Site Selection Magazine named Virginia the winner of its annual Competitiveness Award, which recognizes excellence on the part of a state-level economic development group...

Site Selection magazine named Virginia the winner of its annual Competitiveness Award, which recognizes excellence on the part of a state-level economic development group. The Virginia Economic Development Partnership (VEDP) accepted the award at the Industrial Asset Management Council’s Spring Professional Forum held in Austin, Texas.

The Competitiveness Award was based on a 10-factor index using Conway Data Inc.’s New Plant database. The number of new and expanded facilities, capital invested in new and expanded facilities, total jobs created, the individual state tax climate and state unemployment rate were a few of the factors used in selecting the Commonwealth as the winner.

Virginia’s low-tax business climate, right to work status and competitive operating costs were just some of the benefits touted by Site Selection. Add to that a world-class transportation infrastructure, robust telecommunications network, and a tech-savvy workforce, and it’s easy to see why Virginia is the clear winner.

This award continues the positive recognition the Commonwealth has seen in 2012. Virginia has already been recognized with a Top 3 Economic Outlook Ranking from the American Legislative Exchange Council’s Rich States, Poor States study, a Top 5 ranking in Site Selection’s Governor’s Cup, a Top 3 ranking on Gallup’s Job Creation Index, and a Top 10 ranking on Chief Executive’s Best States for Business.

To learn why Virginia continues to garner attention as a top state for business, click here.

Mark Arend, Site Selection Editor in Chief, presents VEDP representative Brent Sheffler with the Competitiveness Award.

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About VEDP

Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.

Archive

© Copyright 2017

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP

© 2014 All rights reserved.