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Small to Mid-Size Existing Virginia Businesses Supported with International Trade Funding (January 23, 2023)

Summary

A January 23, 2023 letter from Jason El Koubi, President and CEO, to the co-chairs of the Senate Finance and Appropriations Committee and the chair of the House Appropriations Committee. The subject line is a report on small to mid-size existing Virginia businesses supported with international trade funding, which the letter says is required by Item M.2 of the 2022 Acts of Assembly (the Budget). It lists the businesses supported under three VEDP initiatives: expanded international market research capacity, added capacity for trade missions and trade shows, and a comprehensive international business training curriculum. Each business is named with a Virginia locality in parentheses.

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“Small to Mid-Size Existing Virginia Businesses Supported with International Trade Funding (January 23, 2023).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-rd123-e7b5bb79d6/, SHA-256 bb1819c572ac66a79162bdfeabdaf0332534507ad66d11bbb664391472a5f8d0.

Full text

DocuSign Envelope ID: 0B076609-ABC1-4F7F-A662-C1D792C6E992




    January 23, 2023



    The Honorable George L. Barker                           The Honorable Janet D. Howell
    Co-chair                                                 Co-chair
    Senate Finance and Appropriations                        Senate Finance and Appropriations
    Committee                                                Committee
    Pocahontas Building, Room E619                           Pocahontas Building, Room E509
    900 East Main Street                                     900 East Main Street
    Richmond, Virginia 23219                                 Richmond, Virginia 23219

    The Honorable Delegate Barry D. Knight
    Chair
    House Appropriations Committee
    Pocahontas Building, Room W1312
    900 East Main Street
    Richmond, Virginia 23219


    RE: Report on Small to Mid-Size Existing Virginia Businesses Supported with International Trade Funding

    Dear Chairs:

    As required by Item 125 M.2 of Chapter 2 of the 2022 Acts of Assembly (the Budget), I am writing to provide an
    update on the small to mid-size existing Virginia businesses that have been supported with increased funding
    for VEDP's International Trade programs.

    The Budget outlined that the initiatives funded through the increase for VEDP's International Trade programs
    needed to support an additional 55 small to mid-size existing Virginia businesses. As of December 31, 2022,
    VEDP had supported a total of 70 additional small to mid-size businesses with this funding. A list of the
    businesses supported by each initiative is provided below.


    Expand International Market Research Capacity at VEDP

    This initiative provides valuable international market research specific to each company's product or service.
    Businesses supported by this initiative received customized market research industry overviews, lists of
    potential customers, competitive analysis, and matchmaking services in over 120 countries.

    The following 20 small to mid-size businesses were supported with funding for this initiative:

    CargoSense (Reston)
    Corbett Technology Solutions, Inc. (CTSI) (Chantilly)
    Damon Company (Salem)
    EZ Treat Corp. (Catlett)
    Go Powertrain (Hinton)
    Green Valley Nutrition (Charlottesville)
    HemoSonics, LLC (Charlottesville)
    Integrated Global Services, Inc. (No. Chesterfield)
DocuSign Envelope ID: 0B076609-ABC1-4F7F-A662-C1D792C6E992




    Committee Chairs
    January 23, 2023
    Page 2


    KMR Aviation Services (Lynchburg)
    LetsDefend (Sterling)
    Meadow Creek Dairy (Galax)
    MicroAire Surgical Instruments LLC (Charlottesville)
    Phaeton Solutions (Reston)
    Qomplx (Tysons)
    Silent Falcon (Front Royal)
    Silverchair (Charlottesville)
    Storied Goods (Roanoke)
    Strong Cyber Solutions (Fairfax Station)
    Vibrent Health (Fairfax)
    Virginia Electronic Systems, Inc. (Virginia Beach)



    Increase Capacity for VEDP-Supported Trade Missions and Trade Shows

    As VEDP's International Trade programs expanded, Virginia businesses participated in international trade
    missions and trade shows to meet foreign customers and distributors. Businesses supported by this initiative
    exhibited at international trade shows that were added to VEDP's schedule of events.

    The following 11 small to mid-size businesses were supported with funding for this initiative:

    AccuTec Blades, Inc. (Verona)
    Best Medical International (Springfield)
    Caretaker Medical (Charlottesville)
    eKare (Fairfax)
    G2 Ops, Inc. (Virginia Beach)
    Marine Acoustics (Arlington)
    NAG Marine (Norfolk)
    NOVA Power Solutions (Sterling)
    Precise Portions (Norfolk)
    Rivanna Medical, Inc. (Charlottesville)
    SENTRY Products Group (Virginia Beach)



    Launch a Comprehensive International Business Training Curriculum

    The goal of this initiative is to build international business capacity for businesses across Virginia. Businesses
    supported by this initiative received training on a range of international business topics with presentations by
    industry experts.
DocuSign Envelope ID: 0B076609-ABC1-4F7F-A662-C1D792C6E992




    Committee Chairs
    January 23, 2023
    Page 3


    The following 39 small to mid-size businesses were supported with funding for this initiative:

    Acuity International (Reston)
    Advanced Simulation Technology, inc. (ASTi) (Herndon)
    Aeroprobe Corporation (Christiansburg)
    Aery Aviation (Newport News)
    Alacran Consulting (Blacksburg)
    Alchemco (Henrico)
    AMSG (Dumfries)
    AQ Transformer Solutions Inc. (Wytheville)
    Ashbury Precision Ordnance MFG (Ruckersville)
    Biomic Sciences, LLC (Charlottesville)
    BluePrint Automation (Colonial Heights)
    Cambridge International Systems, Inc. (Arlington)
    Ceres Nanosciences, LLP (Manassas)
    Cynalytica (Arlington)
    Dimensional Concepts, LLC (Reston)
    DZYNE Technologies (Fairfax)
    Eco Africa Resource Group LLC (Triangle)
    First Line Technology (Chantilly)
    Flight Test Aerospace (Chantilly)
    Global Dimensions LLC (Fredericksburg)
    Harkness Screens USA Ltd (Roanoke)
    International Trade and Technologies (IT&T) (Midland)
    IP - Convergence Corporation (Arlington)
    Jasper Yeast (Sterling)
    Jeeva Informatics (Manassas)
    MicroXact Inc (Radford)
    PCCI, Inc. (Alexandria)
    Phoenix Group (Chesapeake)
    Potomac River Group LLC (Leesburg)
    Prime Photonics, LC (Blacksburg)
    Prism Maritime (Chesapeake)
    Rendyr Inc. (Blacksburg)
    Security Scholars (Virginia Beach)
    Spire Collective (Troy)
    Sumitomo Machinery Corporation (Chesapeake)
    Synergy International Systems, Inc. (Vienna)
    Viva Vita (Manassas)
    Web Business Solutions, Inc. (Fredericksburg)
    Zenith Aviation (Fredericksburg)
DocuSign Envelope ID: 0B076609-ABC1-4F7F-A662-C1D792C6E992




    Committee Chairs
    January 23, 2023
    Page 4


    We appreciate the funding received this year to continue the implementation of the Virginia International Trade
    Plan and look forward to continuing our work to deliver high-quality and valuable international trade services to
    Virginia businesses.

    Sincerely,



    Jason El Koubi
    President and CEO

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