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February 2010
Volume 10, No. 1

The E-newsletter of the Roanoke County Economic Development Department is designed to showcase the investments and achievements of our existing business partners. For additional information about doing business in Roanoke County, visit our website www.yesroanoke.com.

 

Roanoke County is proud to have been recognized as one of CNN Money's top 10 places for jobs and among the top 100 places to live.

9. Roanoke County, Va.

Towns include: Cave Spring
Best Places to Live rank: 89
Unemployment rate: 5.6%

Don't underestimate this popular retirement community nestled in the Blue Ridge Mountains. Thanks to the Carilion Health Clinic, a number of nursing facilities and a large hospital, job opportunities are thriving.

"It doesn't matter if it's a boom or bust time," said economic development specialist Joe Zielinski. "People come here for the jobs."

Even outside the health care arena, banking, defense contractors and insurance companies provide thousands of additional jobs for working families. Some of the area's top employers include Wachovia, Allstate Insurance and ITT Night Vision.

Source: CNNMoney On-Line

www.cnnmoney.com


SYNCHRONY IS AWARDED $10 MILLION
IN VENTURE CAPITAL

On January 13th, Synchrony received $10 million in venture capital from Third Security LLC in Radford. The company develops and delivers world-class products that maximize the ROI, energy savings, and environmental benefit of its customers’ machines in industrial and defense applications. Since 2006, $25 million has been awarded to Synchrony from Third Security and NewVa Capital Partners. This news augmented a November announcement about a $16 million dollar contract in sales with McQuay International in Minnesota.

Synchrony also has a new website which includes a blog by its founder, Dr. Victor Iannello, who recently authored an op-ed article in IndustryWeek that was published on January 13 and was followed by a feature article in The Roanoke Times on the 15th. In addition, The New York Times published an article on Synchrony and FusionŽ magnetic bearings the first week of January. This good news was preceded by Dr. Iannello being named a SuperExec in the FRONTList 2009 for Valley Business Front in November 2009.

Congratulations to Victor Iannello and his colleagues!

www.synchrony.com


ALI KHAN: A ROLE MODEL IN LEADERSHIP

After 26 years at the helm of Precision Fabrics Group in Vinton, Ali Khan actually embraced the “R” word. Well almost, although his official “retirement” as Plant Manager was October 1, 2009, he will still be involved on a consultant basis with the plant in 2010.

What did Ali Khan do to keep the only textile mill in Roanoke County competitive and located in Vinton into the 21st century? He did his homework and diversified the plants’ products. The PFG plant transformed from a typewriter ribbon manufacturer to a performance materials manufacturer. Performance materials are used by engineers in clean rooms, doctors and surgical staff in the O.R., by the aviation industry in aircraft design and in the uniforms of our troops. Ali is one of those rare individuals who has the vision and knows how to use this ability in dealing with bricks and mortar, human resources and technology. He is a change agent who understands the altering nature of his industry. PFG’s Vinton Plant specializes in weaving some of the most technically challenging fine-denier fabrics in the world.

Ali is passionate about what he does and the people with whom he works. A pet project of his was incorporating recycling projects to protect the environment and save money. This passion has also resulted in the company planting 1,100 hardwood trees in 2007 on the front lawn to help improve water quality in Tinker Creek. In the past decade, PFG underwent an “internal expansion” that did not require bricks and mortar but created space for new high tech looms that significantly reduced the use of water causing the plant to be labeled as a state of the art shuttleless weaving facility. To tour the plant with Ali would show his involvement with his employees. He would call each employee by name or nod as he passed in the high decibel weaving area. If time allowed, he stopped for a few personal words, questions about the job or the employee’s family. Ali Khan is an incredibly talented, hard working gentleman with a vision and we are grateful for his leadership at Precision Fabrics Group and in our community.

Thank you, Ali, for making a difference.

www.precisionfabrics.com


NEELY'S ACCOUNTING SERVICES EXPANDS INTO VINTON

Neely's Accounting Services was founded in 1983 for tax preparation. In 2003, owner Chuck Neely left his corporate job and began to grow his accounting firm. The Roanoke Office is located on 5524 Williamson Road.

(L to R) Christopher Lawrence, Vinton Town Manager; Sabrina Weeks, President, Vinton Chamber of Commerce; Todd Creasy, Office Manager, Neely's Vinton Branch; Cheryl Neely, Owner's Wife, Neely's Accounting Services, Inc.; Chuck Neely, CPA, President, Neely's Accounting Services, Inc.; Shannon Hester, Administrative Assistant, Neely's Vinton Branch; Brad Grose, Mayor, Town of Vinton; Kathleen Ledger, CPA, Neely's Accounting Services, Inc.; and Susan Adams, Office Manager, Neely's Roanoke Main Office.

On Thursday, January 28th, Chuck expanded his business and opened the Vinton branch at 1028 Washington Avenue with a ribbon cutting ceremony and open house. Chuck Neely is President of the firm and Todd Creasy serves as Office Manager with Administrative Assistant Shannon Hester. The new phone number is 343-2767.

(L to R) Shannon Hester, Administrative Assistant, Neely's Vinton Branch; Todd Creasy, Office Manager, Neely's Vinton Branch; Chuck Neely, CPA, President, Neely's Accounting Services, Inc.; Melinda Cox, Existing Business Manager, Roanoke County; Brad Grose, Mayor, Town of Vinton.

www.neelysaccounting.biz


DOING BUSINESS WITH THE COMMONWEALTH OF VIRGINIA

VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP
INTERNATIONAL TRADE DIVISION
GROUP MARKET VISITS
2010

Four new GMVs have been added to Virginia’s travel schedule for 2010. It is never too early to let the VEDP know of your interest in participating in one of their scheduled week-long foreign market visits. Contact Ralph Torning, International Trade Manager, at 434-582-5182 or 434-390-9071 (cell) for registration information or email Ralph at rtorning@yesvirginia.org.

VEDP’s International Trade group plan all the logistics for the visits to foreign markets and, most importantly, find suitable meeting partners in the foreign market based on your interests (i.e. find distributors, sales reps, etc). The participation fee VEDP charges also covers the cost of interpreters for the one-on-one business meetings. For more information on what the International Trade Division can do for each client on a market visit, click on their website www.exportvirginia.org/market_visits.

GROUP MARKET VISITS SCHEDULE

Destination Market Visit dates
(up to Jan 2011)
Sign up deadline: Comments
United Kingdom

Apr 26 – 30, 2010

Feb 26, 2010

 
Turkey

May 3 – 7, 2010

Mar 05, 2010

 
Mexico May 10 – 14, 2010 Mar 12, 2010  
Czech Republic & Poland

October 4 – 8, 2010

 

NEW

Eastern Canada

October 18 – 22, 2010

  NEW
India

November 8 – 12, 2010

  NEW
Saudi Arabia

December 4 – 7, 2010

  NEW

Schedules subject to change at any time.
Dates shown do not include travel time from the USA to the destination country and return

www.exportvirginia.org


THE BUSINESS FORUM OWNERSHIP THINKING:
THE BUSINESS MODEL FOR THE 21st CENTURY

Presenter: Brad Hams
Tuesday, February 16, 2010
Roanoke Higher Education Center
Room 212
8:00 a.m. – 11:30 a.m.

As a business owner you have probably agonized over the question, Why can’t everyone see what I see? Why can’t my employees see the issues I see? Owners are focused on the company: sales, cash, profitability. Employees tend to focus on “me”: compensation, benefits, job security. Ownership Thinking is a proven process that will move your employees from “me” to “us”, creating a better work environment and improved financial performance. Companies practicing Ownership Thinking financially outperform their competitors by 30 %. This educational event is open to the general public. Call (540) 767-6100 for additional information and to register.

www.vtrc.vt.edu/tbf/


THE 2010 CENSUS IS IMPORTANT

It determines the distribution of more than $300 billion annually of government funding for critical community services. It generates thousands of jobs across the country. And it impacts your voice in Congress.

A Complete Count: The Importance of Census Data

  • Businesses use demographic and economic census data to locate retail stores, new housing and other facilities.
  • Every year, the federal government can allocate more than $300 billion to states and communities based, in part, on census data.
  • Census data guide local decision-makers on where to build new roads, hospitals, housing, schools and more.
  • Census data determine representation in the U.S. House of Representatives and in state and local governments.

YOU CAN MAKE A DIFFERENCE

As an influential business leader, you can raise awareness of and encourage participation in this historic event. With your help, the Census Bureau will continue to produce accurate data, which will directly affect the quality of life in your community.

www.census.gov/2010census


RVTV's ROANOKE COUNTY BUSINESS PARTNERS

The Roanoke County Comprehensive Plan is a blueprint for the future growth and development of the County over the next 10-15 years. It provides direction and guidance, for both the public and private sectors, in making decisions about land development, public services and resource protection. This Plan allows decision makers to study the long-term consequences of current decisions and recognize that today’s actions will impact the County for many years to come. Our show will examine three plans of the future blueprint and discuss impacts on the business community.

HOLLINS AREA PLAN

Contact:
Megan Cronise
Principal Planner
mcronise@roanokecountyva.gov
(540)772-2068 extension 282

VINTON AREA CORRIDORS PLAN

Contact:
Lindsay Blankenship
Roanoke County Department of Community Development
lblankenship@roanokecountyva.gov
(540) 772-2068 extension 283
or
Anita McMillan
amcmillan@vintonva.gov
Vinton Planning Department
(540) 983-0601

GLENVAR COMMUNITY PLAN

Contact:
David Holladay
Planning Administrator
dholladay@roanokecountyva.gov
(540) 772-2068, ext. 227


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