Companies Expand Export through VEDP Program
Afton Scientific of Albemarle County, and Mediatech of Prince William County were among the six companies from across the Commonwealth to graduate from Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program. The six companies collectively have increased their international sales by more than 32 percent during their two years in the Program.
“The VALET program accelerates the development of international business by connecting companies with the practical tools needed for successful export sales,” said Paul Grossman, VEDP Director of International Trade and Investment. “These graduating companies have utilized all of the resources of the VALET program and have increased their international sales as a result. This class of companies worked extremely hard during a very tough international climate, and I am confident that they will see the return on their investment for years to come.”
Polymer Solutions, of Montgomery County is one of twelve new companies accepted into the 21st class of the program. Currently, the VALET program has 50 companies as participants. New participants in the program have access to $15,000 in reimbursement funds from the Commonwealth. The program provides participating companies assistance from a team of experienced international service providers to help them meet their international goals. Private sector service providers such as attorneys, Web designers, bankers, translators and freight forwarders contribute essential expertise to assist companies in executing their export initiatives.
Launched in January 2002, the VALET program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy. Participating firms are chosen based on their dedication to growth through export. The VALET program now has 113 graduates.
To learn more about VALET program, visit www.ExportVirginia.org.
