RICHMOND, Va. (CBS19 NEWS) -- A local company has graduated from a state program that helps Virginia exporters that are already well established in their communities and want to use international exporting to grow.
Governor Ralph Northam announced this week that 14 companies from across the Commonwealth graduated from the Virginia Economic Development Partnership's Virginia Leaders in Export Trade, or VEDP VALET, program.
"The Virginia Leaders in Export Trade programs provides growth-minded companies with the tools and expertise they need to navigate new markets and successfully export overseas," said Northam. "International trade is a powerful economic engine in our Commonwealth and we are proud to support this valuable program that helps businesses of all sizes and industries thrive in the global marketplace."
The new local graduate of the VALET program, PunchOut2Go, LLC, is an Albemarle County-based company that helps other businesses with their ecommerce projects.
Other companies that just graduates include Avizia, Fulcrum Concepts, LLC, Global Center for Automotive Performance Simulation, Higher Logic, International Flooring and Protective Coatings, Inc., Klas Telecom Government Inc., Logos Technologies LLC, and the PBE Group among others.
There are another 45 companies currently participating in the program, which provides export planning services and assistance from a team of experienced international service providers to help meet the companies' international business goals.
Since it was created, 290 companies have graduated from the program out of the 335 that have participated.
Each year, Virginia exports more than $35 billion in goods and services, which helps support more than 257,000 jobs and generates $2 billion in annual tax revenue.