July 13, 2022
RICHMOND, VA–Governor Glenn Youngkin today announced that 11 companies across the Commonwealth have graduated from the Virginia Economic Developmen
January 13, 2022
RICHMOND—Governor Ralph Northam today announced that fifteen companies across the Commonwealth have graduated from the Virginia Economic Developmen
January 13, 2022
RICHMOND—The Virginia Economic Development Partnership (VEDP) today announced the acceptance of 16 companies into its two-year Virginia Leaders in
September 1, 2021
RICHMOND—Governor Ralph Northam today announced the launch of the nation’s first official state-led Supply Chain Optimization Prog
July 30, 2021
RICHMOND—Governor Ralph Northam today announced that eight companies across the Commonwealth have graduated from the Virginia Economic Development
Reservoir Distillery has manufactured craft bourbons, ryes, and other whiskeys from its Richmond facility since 2008. The company prides itself on locally sourcing its ingredients — all of the grains used in its spirits come from within 45 miles of the distillery, and every whiskey is crafted, aged, and bottled in-house.
The company joined VEDP’s Virginia Leaders in Export Trade (VALET) program in 2020, helping its international sales grow by 300% — and the enhanced focus on exports came at a fortuitous time. Soon after Dilon began the program, the U.S. market went into a downturn due to the COVID-19 pandemic, while international markets kept growing, helping protect the company from the ups and downs of the domestic market.
TMEIC has utilized VEDP trade services since VEDP first offered to hold in-house trade compliance training sessions for the company starting in 2003. TMEIC is now participating in the VALET program for the second time. The company hopes to sell its automation and drives technology to ports around the world, focusing on Southeast Asia and Indonesia, Thailand, and Vietnam in particular.
Stride’s international business had been based on informal relationships with in-country representatives rather than a strategic plan. During the trade mission to India in February 2020, Stride representatives met with 16 prospective partners and clients in Bangalore, Delhi, and Mumbai, with VEDP arranging the logistics of the trip and assisting with post-trip follow-up.