tech_brochure_2006_final:Technology Brochure.qxd

Transcription

tech_brochure_2006_final:Technology Brochure.qxd
Technology in
Greater Richmond
Greater Technologies.
Greater Opportunities.
Greater Richmond.
August 2006
Henrico County
Hanover County
Qimonda
Lyotropic Therapeutics
City of Richmond
Afton Chemical
Chesterfield County
DuPont
Contents
Page
Greater Richmond . . . . . . . . . . . . . . . . . . . .4
Technology Clusters in Greater Richmond:
Build Your Business Here . . . . . . . . . . . . . . .6
Biotech & Pharmaceuticals . . . . . . . . . . . . . .7
Information Technology . . . . . . . . . . . . . . . .8
Advanced Materials / Specialty
Chemicals Manufacturing . . . . . . . . . . . . . . 9
Electronics & Microelectronics
Manufacturing . . . . . . . . . . . . . . . . . . . . . . 11
Advanced Industrial Manufacturing . . . . . . 11
Architectural, Engineering & Related
Services & Other . . . . . . . . . . . . . . . . . . . . .12
Technology Cluster Definitions . . . . . . . . . .13
The Workforce:
A Million Strong & Counting . . . . . . . . . . . 14
Advanced Education & Training:
A Region with 10 Institutions
& 7,700 Degrees . . . . . . . . . . . . . . . . . . . . 16
An Urban Powerhouse Leads the Way . . . . 17
The School of Engineering . . . . . . . . . . . . 18
The Kenneth & Dianne Harris Wright Virginia
Microelectronics Research Center . . . . . . . 19
The School of Business . . . . . . . . . . . . . . . 19
VCU Life Sciences Initiative . . . . . . . . . . . 20
Other Life Sciences Centers . . . . . . . . . . . . 20
The VCU Medical Center . . . . . . . . . . . . . . 21
Pharmaceutical Trials & Testing . . . . . . . . . 22
Medical Research & Clinics . . . . . . . . . . . . 22
Infrastructure & Support:
Technology Parks . . . . . . . . . . . . . . . . . . . 23
Incubators & Specialized Facilities . . . . . . . 24
Business Advantages in Greater Richmond:
A Region That’s Easy to Love . . . . . . . . . . 25
Cost Comparison . . . . . . . . . . . . . . . . . . . 25
Local & State Incentives . . . . . . . . . . . . . . 26
Virginia State Taxes . . . . . . . . . . . . . . . . . 26
Entrepreneurial Support . . . . . . . . . . . . . . 27
Get Help Here:
The Greater Richmond Partnership, Inc. . . . 27
3
Greater Richmond, Virginia
Greater Richmond
reater Richmond is a unique and unexpected mix of history and high technology.
Innovative people and companies
choose to locate here because we offer the
cosmopolitan diversity and cultural and
recreational opportunities of a large city with
the Southern charm and minimal traffic congestion of a smaller city. We are strategically
located at the mid-point of the East Coast and
only two hours south of Washington, D.C. A
million residents enjoy a kinder, gentler life
where the average commute is 24 minutes
and the river, mountains and ocean are a
quick trip up or down I-95 or I-64.
We are a region that vigorously promotes
and supports business and offers a solid infrastructure for growth and success. In a right-towork state and with more than 150 foreign-
G
Technology continues
to be a growing
segment in Central
Virginia and a magnet
for innovation, talent
and new ideas.
affiliated facilities, more than $5.27 billion has
been invested by 328 new and expanding companies since July 1, 1994.
Today, new knowledge companies such
as Capital One have surpassed all other private employers with more than 7,000 tech
employees. The semiconductor and biotechnology sectors have made great strides in
recent years as well. Technology continues
to be a growing segment in Central Virginia
and a magnet for innovation, talent and
new ideas.
Best of all, we have a quality of life
unparalleled for cities our size. The fine arts,
high arts, street art, community art and public art thrive here. The schools, both public
and independent, are tops; the colleges and
universities are poised to send educated
workers your way; and the nonprofit service
industry is responsive and effective.
Build your business here and you’ll find
you get more. More for your money and more
time to live life, stopping to enjoy a little
Southern charm.
Greater Richmond Firsts: A Mix of History & High Technology
First Hospital - In 1611, America’s first hospital, a
“guest house for sick people,” was built at Henricus,
the Richmond area’s first major English settlement.
First Tobacco - John Rolfe planted the first crop of
tobacco just east of Richmond in 1612, after
observing Native Americans cultivating tobacco.
First University - In 1618 the first university was
chartered at Henricus.
First Iron - In 1619, the nation’s first ironworks were
established at Falling Creek in Chesterfield County.
First Coal - The nation’s first coal mining began
in the mid-1700s in the Richmond area.
Oldest Medical College Building in the
South - The South’s oldest medical college
building is the Egyptian Building of Virginia
Commonwealth University’s School of Medicine,
built in 1845.
First Electric Streetcar - In 1888, Julian Frank
Sprague put into operation the first commercial
streetcar system powered by overhead electric
lines from a central station.
First Cellophane - DuPont produced the
nation’s first cellophane in Richmond in 1930.
First TV Station in the South - In 1948
Richmond’s WTVR, Channel 6, CBS affiliate
became the first TV station in the South.
First Clinical Transplant Center - In 1962,
MCV Hospitals opened the first Clinical
Transplant Center (CTC), which remains the
oldest unit of its kind in the United States.
4 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Greater Richmond, Virginia
Greater Richmond Offers:
• A great quality of life, for much much less
• A thriving arts, entertainment, and music scene
• A 24-minute average commute
• Council for America’s First Freedom
• A choice of affordable housing options ranging from historic homes
• A broad range of religious and spiritual choices
to cluster contemporary, townhouses to farmhouses
• Less than two hours from the beach, the mountains, and
• Urban living, suburban neighborhoods and rural communities, all
within easy driving distance to commercial districts
• Moderate winters, glorious springs and falls, and a tolerable summer
• Spectacular architecture, glorious gardens
• An hour’s drive to Colonial Williamsburg, Charlottesville and the
• A vibrant central city with new investments in the riverfront, a
new Convention Center, an arts district, and exceptional
cultural amenities
parks and busy commercial and retail centers
Wintergreen Ski Resort
• Some of the country’s most important and moving historical sites
• Two brand new shopping complexes with Nordstrom, Saks Fifth
• Some of the best public and independent schools in the nation
First Transplant Matching System - In 1969, MCV
Hospitals and Duke University collaborated with six other
regional medical centers to establish the
Southeastern Organ Procurement
Foundation (SEOPF), which became the
nation’s first computerized donor-recipientmatching system for kidney transplants.
University of Virginia, cottages on the James and Rappahannock rivers, and chalets at
• NASCAR
• Family-centered counties with bike paths, well-maintained
First Recyclable Can - Reynolds Metals
Company (now Alcoa) developed the recyclable all-aluminum can in 1963 in Richmond.
Washington, D.C.
Avenue, Dick’s, and Dillard’s
First ISDN Phone Service - C&P Telephone
(now Verizon), then headquartered in
Richmond, pioneered the nation’s first
commercial (non-trial) Integrated Services
Digital Network (ISDN) in 1988.
First Forensic DNA - In 1989, Virginia’s
Department of Forensic Science was the first
state laboratory to offer DNA analyses to law
enforcement agencies and the first to create a
DNA databank of previously convicted sex offenders.
First Undergraduate Engineering
Consulting Group - ChemEngine, the
first and only undergraduate engineering
consulting group in the nation, started in
the summer of 1999. Since then, studentconsultants have been solving real technical and engineering
problems for real companies, for pay.
First Artificial Heart Transplant on the East
Coast - In April 2006 VCU’s Pauley Heart Center
performed the first artificial heart transplant on
the East Coast.
5
Technology Clusters in Greater Richmond
Build Your Business Here
Technology and the life sciences are now at the heart of a
fast growing new sector of the U.S. economy. Long a
traditional base for pharmaceuticals and chemicals, Greater
Richmond has made a steady shift toward bold high-tech
innovation, with significant development in the area’s
semiconductor and biotechnology industries.
The region’s science and technology cluster includes large pharmaceutical, specialty chemical and microelectronic manufacturing companies; a growing number of biotechnology
companies working in drug development, medical diagnostics and biomedical engineering
research; and nationally renowned research institutions that work closely with local industry. This diverse and broad technology base is centered in the nation’s East Coast technology corridor, just 90 miles south of Washington, D.C., and its federal regulatory and
research entities, making it a magnet for high-tech companies.
Photo: Dominion
Clockwise [top right]: Dr. David Anderson and Kristen Gladysz of Lyotropic
Therapeutics, Inc. [right] Dominion Clearinghouse [bottom center] VCU’s
Virginia Institute for Psychiatric and Behavioral Genetics [lower left and
top] Qimonda (formerly Infineon)
6 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Technology Clusters in Greater Richmond
Biotech & Pharmaceuticals
Thanks in part to the 34-acre Virginia
BioTechnology Research Park, the region
has experienced a burst of growth in the
biotech/pharmaceutical field. Currently, the
biotech/pharmaceutical cluster in the
Greater Richmond region has employment
of more than 2,500 and more than 6,200 in
the I-64 Corridor between Norfolk and
Charlottesville. The industry includes production and research operations for major
manufacturers including Wyeth and
Boehringer Ingelheim, plus an increasing
number of smaller biotech R&D operations.
This cluster’s employment includes a
mix of skilled production workers and experienced research professionals. Wyeth (formerly Whitehall Robins) relocated all research for
its over-the-counter drugs to Greater
Richmond in 1995. In 2002, Boehringer
Ingelheim Pharmaceuticals opened a research
and development facility in the Virginia
BioTechnology Research Park’s downtown
campus, joining sister company Boehringer
Ingelheim Chemicals, which has been a tenant of the Park since 1996.
Located adjacent to the Virginia
Commonwealth University Medical Center,
the Virginia BioTechnology Research Park is
home to a unique mix of more than 50 biosciences companies, research institutes affiliated with the VCU Medical Center, and
major state and national medical laboratories and organizations involved with forensics, testing of biotoxins and management of
the nation’s organ transplantation process.
In 2007, with completion of the new
$350 million Philip Morris Center for
Research and Technology, the Park will be
two-thirds developed. With more than 1.2
million square feet of space in nine buildings, the Park will employ more than
2,000 scientists, researchers, engineers
and technicians in fields that include drug
development, medical diagnostics, biomedical engineering, forensics and environmental analysis.
But the Park isn’t limited to its 34-acre
downtown campus. Partnerships with
neighboring Henrico and Chesterfield
counties extend the reach of the Virginia
BioTechnology Research Park to satellite
parks that can accommodate larger companies on suburban campuses in the Greater
Richmond area.
Representative Biotech &
Pharmaceutical Companies
Boehringer Ingelheim Chemicals Inc.
Pharmaceuticals (M,R)
Boehringer Ingelheim
Pharmaceuticals Inc.
Pharmaceuticals (R)
Commonwealth Biotechnologies Inc.
Contract research (H,R)
INSMED Pharmaceuticals
Therapeutics for diabetes (H,M,R)
Intelliject, LLC
Medical devices (H,M,R)
PPD
Drug discovery and development (R)
Tissue Technologies, LLC
Biomaterials and tissue-engineering (H,R)
Wyeth
Over-the-counter products including Advil®,
Dimetapp®, and Robitussin® (M,R)
Legend for Representative Company Operations
(H) – Headquarters
(M) – Manufacturing
(R) – Research and development
(S) – Sales and service
Commonwealth Biotechnologies Inc., located in Chesterfield
County, provides comprehensive biotechnology research and
development analytical services on a contract basis.
Photo: Commonwealth Biotechnologies Inc.
7
Technology Clusters in Greater Richmond
Information Technology
CapTech Ventures Principals
[left to right]:
Slaughter Fitz-Hugh,
Sandy Williamson
and Kevin McQueen
Growth in the region’s IT segment includes
innovative business solutions, software
development, infrastructure security,
Internet-based commerce and a broad
spectrum of IT services. IT employs more
than 8,500 workers in Greater Richmond
and nearly 24,000 in the I-64 Corridor. If
the hundreds of computer professionals in
non-IT businesses are included in this
count, the numbers swell dramatically. The
practical expertise of our IT professionals
is broad-based, covering all the major vertical
industry areas in the market. Richmond is
the home of numerous successful hightech start-ups and expansions making
revolutionary changes in major markets.
The largest employers of IT skills are
major employers such as Capital One, the
Federal Reserve System’s central automation system, Media General, Owens &
Minor, Circuit City, Dominion Resources,
Philip Morris, Genworth Financial, and
Ethyl Corp. (now a subsidiary of
NewMarket Corp.). Northrop Grumman is
a recent addition to this cluster. In 2005,
the company was chosen to privatize the
State of Virginia’s information technology
operations. More than 600 employees will
work at Northrop Grumman’s Enterprise
Solutions Center in Chesterfield County.
Richmond-based information technology services firms continue to provide the
technology and expertise that keep the
Commonwealth on the cutting edge.
The I-64 Technology Corridor stretches from
Greater Richmond east along Interstate 64 to
Norfolk and west to Charlottesville. All three
metro areas are benefiting from the growth
of technology industries in the corridor.
Occupation
2002
2012
Computer engineers – software
3,593
5,446
128
138
Systems analysts
2,326
3,288
Computer programmers
1,646
2,080
Computer support specialists
1,708
2,330
372
609
19
39
164
210
1,258
1,866
525
874
11,739
16,880
Database administrators
Computer & information scientists, research
Computer specialists, all other
Network & computer systems administrators
Network systems & data communications analysts
Total
AgilQuest
Office hoteling systems (H)
Capital One
Consumer lending products (S)
CapTech Ventures
E-business solutions (H)
Ironworks Consulting
Web applications consulting (H)
Rocket Technology
Advanced business innovations (H)
SyCom Technologies
Systems development (H)
Tridium Inc.
Framework, software, and services (H)
Unimatrix.net
IT and telecommunications services (H)
Velocity Micro
High-performance PC provider (S)
WILink Inc.
Investment information and web casting (S)
Legend for Representative Company Operations
(H) – Headquarters
(M) – Manufacturing
(R) – Research and development
(S) – Sales and service
Estimates of the Number of Employees in IT Occupations
Computer engineers – hardware
Representative IT Companies
WILink CEO
J. Patrick Galleher
Note: Data for Richmond-Petersburg MSA
Source: Virginia Employment Commission, August 2005
8 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Technology Clusters in Greater Richmond
Advanced Materials /
Specialty Chemicals Manufacturing
Richmond is renowned for manufacturing
superior high performance fibers in an
arena where 24/7 operations are the norm.
Specialty chemicals manufacturing employs
more than 5,900 workers. Employment for
the I-64 Corridor in this cluster is more
than 6,600. These figures include a significant number of engineers and other
research professionals at research centers
for major corporations including DuPont,
Honeywell and Ethyl.
Long a home of these three industry
giants, Greater Richmond is also enjoying
exciting new growth in chemical manufacturing with the addition of firms such as
Eternal Technology Corp. and MGC
Advanced Polymers, Inc.
A number of high-tech polymers and
fibers are developed and manufactured
here, including DuPont’s Kevlar® and
Honeywell’s Spectra®. The newest addition
to this suite of high-tech materials is M5®,
developed by Magellan Systems
International. Stronger than steel and highly resistant to electricity, impact, damage
and fire, M5® is ideal for uses ranging
from military vehicles and lightweight
body armor to firefighter clothing and tethering applications.
“Outsiders would be surprised
to see that Richmond has the
wealth of chemical research
that it does,” says [Ian]
Macpherson [Afton Chemical’s
marketing manager for industrial
additives]…. “You’d expect
something like this down on
the Gulf Coast.” [ “Lube in the
Groove,” September 14, 2005,
www.richmondcatalyst.com]
Representative Advanced Materials /
Specialty Chemicals Companies
DuPont Teijin Films
Polyester polymer and film (M)
E.I. duPont de Nemours
Specialty fibers including Kevlar®, Teflon®,
and Nomex®; Zytel®; and plastics (M,R)
Eternal Technology Corp.
Photoresist film for printed circuit boards (M)
Ethyl Corp.
(a subsidiary of NewMarket Corp.)
Petroleum additives (H,R)
Hercules Inc.
Specialty chemicals (M)
Honeywell Inc.
High performance fibers including
Spectra® (M,R)
Magellan Systems International
M5® high-strength synthetic fiber (M,R)
MGC Advanced Polymers Inc.
Nylon (M)
Tredegar Corp.
Specialty films (H,R)
Wako Chemicals USA
Specialty chemicals and diagnostics (M,R)
Eric Sanders is part of
the high-performance
work team at DuPont’s
Zytel® plant.
Legend for Representative Company Operations
(H) – Headquarters
(M) – Manufacturing
(R) – Research and development
(S) – Sales and service
9
Technology Clusters in Greater Richmond
Research & Development
“We’re proud to call Richmond
home and this announcement is
a great example of that pride.
Downtown Richmond’s transformation continues to gain
momentum and we hope this
announcement will encourage
other companies to think about
how they can play a role,” said
John R. Nelson, Philip Morris USA’s
president of Operations and
Technology. [Virginia BioTechnology
Research Park Press Release, April 6,
2005, and www.richmondbiosynthesis.com]
Philip Morris USA is building a $350 million
research and development center in downtown
Richmond that will create about 500 new science,
engineering and support jobs. The 475,000-squarefoot center, scheduled to open in 2007 on the 34acre campus of the Virginia BioTechnology Research
Park, will be the company’s largest building project
since the 1980s and one of the single largest private
capital investments in Richmond’s history.
Major Research & Development Centers
Aderis Pharmaceuticals
Clinical pharmaceutical R&D
www.aderis.com
Research & Development Center)
Water and wastewater technology
www.infilcodegremont.com
Afton Chemical Corp. (formerly Ethyl)
Lubricants and fuel additives
www.aftonchemical.com
Insmed
Drug development for metabolic diseases
and endocrine disorders
www.insmed.com
Alstom
Power Sector - Turbine Services - Gas and
steam turbines, generators and components
www.alstom.com
Afton Chemical mechanical laboratory [above] and
benchtest [below]. The company consolidated its fuel
additive research and development in Richmond in 1994.
Photos: Ethyl Corporation
Boehringer Ingelheim Chemicals
Pharmaceutical chemicals
http://us.boehringer-ingelheim.com/businessunits/bichemicals/bichemicals.html
Boehringer Ingelheim Pharmaceuticals
Prescriptive and over-the-counter medicine
http://us.boehringer-ingelheim.com/businessunits/bipi/bipi.html
Commonwealth Biotechnologies, Inc.
Biotechnology R&D
www.cbi-biotech.com
Chrysalis Technologies
Aerosol technologies for pulmonary drug delivery
www.chrysalis-technologies.biz
E.I. duPont de Nemours and Co.
Solvent coat mylar films R&D for Tyvek®,
Kevlar®, Nomex® and Teflon®
www.dupont.com
Filtrona Richmond, Inc.
Bonded fiber products
www.filtrona.com
Flexicell
Robotic packaging equipment
www.flexicell.com
Honeywell
Polyester and high performance fibers
www.honeywell.com
Infilco Degremont
DENARD (Degremont North American
Jewett Automation
Custom automation equipment
www.jewettautomation.com
Luck Stone
New product development and analysis
www.luckstone.com
Magellan Systems International
(Purchased by DuPont in 2005)
M5® high-strength synthetic fiber
www.m5fiber.com
Obetech LLC
Research and testing for adenoviruses that
cause obesity
www.obesityvirus.com
Philip Morris USA
Center for Research and Technology
New technologies and products
To open in 2007
PPD
CRO discovery, R&D Phase I and IV development
www.ppdi.com
Tarmac America, Inc.
Sand and gravel distribution; R&D for new
product use
www.tarmacamerica.com
Tridium (Purchased by Honeywell in 2005)
IT framework, software and services
www.tridium.com
Wako Chemicals USA
Specialty and laboratory chemicals, diagnostic reagents
www.wakochemicals.com
Wyeth
Pharmaceutical and surgical supplies
www.wyeth.com
10 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Technology Clusters in Greater Richmond
Electronics & Microelectronics Manufacturing
When Motorola and Siemens formed a
partnership to build a state-of-the-art,
200mm semiconductor fabrication facility
just east of Richmond in 1996, it signaled
the emergence of the Silicon Dominion
and placed Greater Richmond in the
mainstream of this dynamic industry.
Now a wholly owned subsidiary of
Infineon Technologies AG of Munich,
Qimonda produces 200mm and 300mm
DRAM chips. Employment is expected to
reach 2,200 to 2,300 as the company continues to ramp up 300mm production.
Qimonda is the largest employer in this
cluster, which also includes a number of
electronic component and connector manufacturers and employs more than 3,600
workers in the I-64 corridor. Qimonda has
attracted sales and service operations of
its supplier companies to the area, including Cannon USA, Tokyo Electron, Applied
Materials, ASML and West Coast Quartz.
Representative Electronics &
Microelectronics Companies
Cannon USA
Semiconductor equipment (S)
Danaher Power Solutions
Uninterruptible power supply systems (M)
Hewlett-Packard
Laser jet printers (M)
Lumberg Inc.
Electrical and electronic connectors (M)
NBB Controls Inc.
Radio remote controls (S)
Qimonda
(formerly Infineon Technologies Richmond)
Semiconductor wafers (M)
Tokyo Electron America Inc.
Semiconductor equipment (S)
W Interconnections Inc.
Electrical and electronic connectors (S)
Legend for Representative Company Operations
(H) – Headquarters
(M) – Manufacturing
(R) – Research and development
(S) – Sales and service
Qimonda is the largest employer in the electronics &
microelectronics manufacturing cluster, which also
includes a number of electronic component and
connector manufacturers and employs more than
3,600 workers in the I-64 corridor.
Flexicell, in Hanover County, designs and manufactures
custom robotic systems that provide packaging and
palletizing solutions for a wide range of products.
Photo: Flexicell Inc.
Advanced Industrial Manufacturing
The historical success of many Greater
Richmond industries is rooted in their
ability to embrace innovation, inventions
and the application of new technologies.
The manufacture of cigarettes represents
the fusion of electrical and mechanical
machinery to create equipment that can
produce 16,000 cigarettes per minute.
These technologies combine American,
German, Italian and British ingenuity and
creativity. Other industries such as consumer aluminum products or power
generation systems have thrived on the
ability of Richmonders to apply and
capitalize on new technologies and
practical applications.
The industrial manufacturing cluster employs nearly 2,600 in Greater
Richmond and more than 9,100 in the I64 Corridor. The cluster includes U.S.
and international firms making a broad
range of products from bearings to turbines and specialized industrial machinery. This cluster’s labor force includes
a mix of highly skilled machinists,
production workers and technicians.
Representative Advanced Industrial
Manufacturing Companies
Alstom Power Inc.
Power generation equipment (M)
Brenco Inc.
Tapered roller bearings (M)
Flexicell Inc.
Robotic packaging equipment (M)
Franz Haas Machinery
Baking machinery (M)
G.D. Packaging Machinery
Packaging machinery (M)
Hauni Richmond Inc.
High-speed production equipment (M)
Inta-Rota Inc.
Paper industries machinery (M)
Jewett Automation
Custom factory automation (M)
11
Technology Clusters in Greater Richmond
Architectural, Engineering & Related Services;
Other Companies
Rounding out the list of technology
clusters in the Greater Richmond area
are Architectural, Engineering, and
Related Services and Other.
The Architectural, Engineering,
and Related Services cluster includes
Architectural, engineering, and related
services; Specialized design services;
and Management, scientific, and technical consulting services.
The Other cluster includes Management
of companies and enterprises; Professional
and commercial equipment and supplies
Kelso & Easter Architects
was launched in Northern
Virginia by Robert L.
Easter [right] and two college friends, one of whom
was director of continuing
education for the
American Institute of
Architects. But Richmond
has been its homebase
now for more than a
decade. The firm also has
an office in Accra, Ghana.
“We are a multi-disciplinary architectural
design firm with experience in a wide range of
project types,” says
Easter, who is a member
of the AIA and a past
president of the National
Organization of Minority
Architects. “We have a lot
of experience in architectural, engineering, urban
design and interior space
planning services for renovations and new construction projects, be they
commercial, institutional
or residential.”
Easter has been
responsible for the firm’s
involvement in expansion
of Richmond International
Airport (as well as of
Norfolk International
Airport and Roanoke
Regional Airport), the $3.5
million construction of the
Virginia Biotechnology
Center, and the $10 million
construction of Biotech I.
[WORKMAGAZINE Winter 2006]
merchant wholesalers; Electrical and electronic goods merchant wholesalers; and
Electronics and appliance stores. At first
glance, these might not seem to fall into
the high-technology category. However,
the Congressional Office of Technology
Assessment describes high-technology
companies as “those engaged in the
design, development, and introduction
of new products and innovative manufacturing processes, or both, through the
systematic application of scientific and
technical knowledge.”
Representative Architectural,
Engineering & Related Services
Companies
Analytics Corporation
Analysis of air, water, bulk materials, soil
& waste (S)
CyMed
Medical record transcription services (S)
First Health Services Corp.
Health care management & information
services (H,S)
Iron Mountain Information Mgt.
Record storage & management (S)
Kelso & Easter Architects
Architectural design (H)
Spec Ops, Inc.
Engineering & manufacturing services to
the U.S. military & homeland defense (S)
Timmons Group
Engineering (H,S)
Virginia Geotechnical Services, PC
Geotechnical engineering services (S)
Representative Other Companies
Bostwick Laboratories
Pathology reference laboratory (H,S)
Circuit City
Consumer electronics (H,S)
McKesson Medical-Surgical
Medical and hospital equipment (S)
NanoFocus AG
Supplier of measuring systems for semiconductors (S)
Owens & Minor
Health care wholesaler (H,S)
Paar Physica USA
Distribution center, scientific equipment (S)
Legend for Representative Company Operations
(H) – Headquarters
(M) – Manufacturing
(R) – Research and development
(S) – Sales and service
12 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Technology Clusters in Greater Richmond
Technology Cluster Definitions
NAICS - North American Industry Classification System
Biotech/Pharmaceuticals
Pharmaceutical and medicine (NAICS 3254)
Scientific research and development services (NAICS 5417)
Information Technology
Software publishers (NAICS 5112)
Internet publishing and broadcasting (NAICS 5161)
Internet service providers and web search portals (NAICS 5181)
Data processing, hosting, and related services (NAICS 5182)
Other information services (NAICS 5191)
Computer systems design and related services (NAICS 5415)
Advanced Materials/Specialty Chemicals
Basic chemical (NAICS 3251)
Resin, synthetic rubber, and artificial synthetic fibers and filaments
(NAICS 3252)
Pesticide, fertilizer, and other agricultural chemicals (NAICS 3253)
Paint, coating, and adhesive (NAICS 3255)
Soap, cleaning compound, and toilet preparation (NAICS 3256)
Other chemical product and preparation (NAICS 3259)
Lab Photo: Virginia BioTechnology Research Park ; Manufacturing photo: Ethyl Corporation
Electronics and Microelectronics
Communications equipment (NAICS 3342)
Semiconductor and other electronic components (NAICS 3344)
Navigational, measuring, electromedical, and control instruments (NAICS 3345)
Advanced Industrial Manufacturing
Agriculture, construction, and mining machinery (NAICS 3331)
Industrial machinery (NAICS 3332)
Commercial and service industry machinery (NAICS 3333)
Ventilation, heating, air-conditioning, and commercial refrigeration
equipment (NAICS 3334)
Metalworking machinery (NAICS 3335)
Engine, turbine, and power transmission equipment (NAICS 3336)
Other general purpose machinery (NAICS 3339)
Motor vehicle parts (NAICS 3363)
Architectural, Engineering, and Related Services
Architectural, engineering, and related services (NAICS 5413)
Specialized design services (NAICS 5414)
Management, scientific, and technical consulting services (NAICS 5416)
Other
Professional and commercial equipment and supplies merchant wholesalers (NAICS 4234)
Electrical and electronic goods merchant wholesalers (NAICS 4236)
Electronics and appliance stores (NAICS 4431)
Management of companies and enterprises (NAICS 5511)
Randy Copeland, a self-described tinker, began
assembling computers for relatives and friends in the
early 1990s. Today Velocity Micro has become one of
the premier high-performance PC providers in North
America, has 45 employees and has carved out a niche
that is beginning to attract competition from Dell, HP
and Gateway.
That niche consists of PC enthusiasts who are
looking for the customization, craftsmanship, and
personal service that large companies can’t offer.
Velocity Micro’s systems are hand-assembled using
high-end components, and the sales team is staffed
with individuals who have extensive knowledge of the
hardware. The ProMagix, for example, is a popular
system for digital video editing and other multimedia
applications. The system won a PC Magazine Editor’s
Choice award in November 2003 as well as Best of Year
award in January 2004.
Copeland has expanded Velocity Micro’s premiumbrand product line to more than 20 models. Today it
makes not only CAD workstations and gaming systems,
but also home and office PCs and laptops, putting one
technician in charge of building each machine.
Source: Chmura Economics & Analytics
Notes: The technology clusters used here follow the NAICS classifications used by
Chmura Economics & Analytics and are not directly comparable to the SIC code-based
clusters used in the earlier edition of Technology in Greater Richmond. The NAICS clusters exclude telecommunications companies and include selected wholesale, retail and
management industries not included in the former SIC clusters. No set of NAICS codes
can completely capture high-tech employment. Chmura Economics & Analytics uses an
updated version of high-tech industries as suggested by Daniel Hecker of the Bureau of
Labor Statistics in “High-Technology Employment: A NAICS-Based Update,” Monthly
Labor Review, July 2005.
13
The Workforce
A Million Strong & Counting
Central Virginia is at the crossroads of two
major highways, I-95 heading north and south
and I-64, which runs east and west from
Hampton Roads to Charlottesville and beyond.
Greater Richmond, the state capital, is
the hub, with a population of more than 1
million. Total employment in the area is
584,000, and the I-64 Corridor, with a total
population of more than 2.9 million,
employs 1.4 million strong.
The Richmond-Petersburg MSA is a
magnet for labor and draws commuters
from more than 40 localities statewide.
Unemployment in the MSA is historically
less than the state and national rates.
However, a recent monthly rate of 4 percent
translates to more than 24,000 unemployed
persons available as a source of labor for a
new or expanding company.
Virginia is the northern-most right-towork state. Greater Richmond and the
Commonwealth have significantly lower
levels of unionization and union election
activity. Less than 1 percent of the metro
area’s 28,600 private business establishments are known to be unionized (138
manufacturing and service businesses).
Approximately 3.7 percent of the private sector workforce is unionized. No
office-intensive operation is known to be
unionized. Work stoppages are few in
number and usually part of a nationwide
or statewide action.
Each year, more than 11,700 students graduate from Greater Richmond’s 37 public high
schools. Another 7,700 earn post-secondary
degrees from the metro area’s 10 institutions of
higher education. These graduates are the
largest continuing source of labor for the future.
Tony Silwanowicz,
Tredegar’s director of
research and development, says the company
knows “[P]art of the
attraction of the
Richmond area is that…
it has a pretty strong
university base that you
can use to recruit good
technical talent.”
[“The Innovation Imperative,”
March 17, 2005,
www.richmondcatalyst.com]
Above: The link between universities and good technical talent is evident with ChemEngine, the
nation’s first and only undergraduate chemical engineering consulting firm. ChemEngine teams
Virginia Commonwealth University’s top engineering students with regional companies to solve
real-world technical and engineering problems—for pay.
14 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
The Workforce
Workforce Services
The Greater Richmond Chamber has
a number of workforce-related programs. workforcE 3 brings together
business leaders, educators, training
providers, job seekers and local community organizations to help identify
the workforce development needs of
the Greater Richmond region and to
ensure that workers are prepared to
meet the requirements of the region’s
current and future businesses.
DuPont’s Zytel® plant has never fit the mold of a traditional manufacturing operation and neither does its
approach to training. After beating out China for a $50
million expansion in 2003, it was clear the nylon
plant’s workforce would need to expand as well. The
plant needed 20 new polymer specialists to meet the
increased workload. “Twenty people was the largest
hiring group we’d ever had, and we had no way
to train [that many] people. There were just not
enough resources,” explains Alan Gulash, formerly
Zytel’s hiring-training coordinator. Not only would the
new hires need instruction in piping, rigging and a
NEXT, the Network for Executives in
Transition, is designed to offer a relocated executive’s spouse or family
member looking for employment in
Greater Richmond networking opportunities in the business community.
Employment by Technology Cluster
Technology Cluster
Richmond Metro
I-64 Corridor
Architectural, Engineering,
and Related Services
9,068
29,169
Information Technology
8,555
23,371
Advanced Materials/
Specialty Chemicals
5,966
6,651
Advanced Industrial
Manufacturing
2,577
9,119
Biotech/Pharma
2,567
6,204
Electronics
and Microelectronics
Manufacturing
2,138
3,658
Other
26,618
45,641
Total Technology
58,358
130,235
583,556
1,395,398
10%
9.3%
Total All Industries
Tech % of Total
Notes: Data for Fourth Quarter 2004. The I-64 Corridor includes the Richmond,
Norfolk, and Charlottesville metro areas. Other includes Professional and Commercial
Equipment and Supplies Merchant Wholesalers, Electrical and Electronic Goods
Merchant Wholesalers, Electronics and Appliance Stores, and Management of
Companies and Enterprises. Industries for which data are not disclosed are excluded
from the table above but are included in the total technology figures. Cluster categories
with no employees were omitted.
Source: Chmura Economics & Analytics
host of other mechanical skill sets, but Zytel’s highperformance-management system also would require
mastery of advanced computer software and “people”
skills such as leadership, teamwork and communications. Gulash questioned how any outside training
program could ever offer the breadth of training Zytel
needed. Enter the Community College Workforce
Alliance, a joint effort between J. Sargeant Reynolds
and John Tyler community colleges, which offers custom-designed training programs for local businesses.
Zytel handed over previous training manuals and gave
the Alliance a list of core skills it wanted new hires to
learn. “We asked them to make up a curriculum that
related to us—to our process and training program
here,” explains Gulash. And that is just what the
Alliance did. Faced with the challenge, the Alliance
developed a 45-day training program that incorporated
not only Zytel’s mechanical components but also its
unique system of management.
15
Advanced Education & Training
A Region with 10 Institutions & 7,700 Degrees
Higher Education Enrollment
in Greater Richmond, Fall 2004
Advanced education and training options
are plentiful in Greater Richmond. The
area is fortunate to have workforce
development supported by two strong,
well-established community colleges. J.
Sargeant Reynolds Community College, the
third largest in the state’s 23-member community college system, and John Tyler
Community College both offer AS and AAS
degrees, certificate programs and credit
and non-credit classes in occupational and
technical areas at seven campuses and outreach locations around the region.
The Community College
Workforce Alliance is a partnership between the two colleges to provide a single
source to meet the region’s
workforce development and
economic development
needs. Services include non-credit classes,
custom training programs for individual
companies and WorkKeys job profiling and
skills assessment.
40,711
Four-Year Institutions
19,844
Two-Year and
Special Institutions
60,555
Total Enrollment
New programs, created in response to
local industry needs, include:
• Biotechnology, Chemical, and
Engineering Technology
• Semiconductor Manufacturing
Technology
• Machine Technology/High
Performance Manufacturing
• Information Technology Certifications
• Customer Service Academy
Four-year colleges located in the
Richmond metro area include Virginia
Commonwealth University, RandolphMacon College, University of Richmond,
Virginia State University and Virginia Union
University. These schools provide a variety
of excellent undergraduate and graduate
programs in arts and sciences, leadership
studies, engineering, business and law.
Overall, 10 institutions award 7,700
degrees each year in a full range of disciplines and degree levels. There are also
strong evening and continuing education
programs for working adults. Local educational institutions have a history of anticipating and responding to industry’s training needs.
Around the Commonwealth
Virginia is renowned for its excellent
institutions of higher education. Schools
offering additional sources of potential
new employees, as well as opportunities
for collaborative research, adjunct faculty positions and other partnerships
with industry in their specific areas of
expertise include:
University of Virginia in Charlottesville
Virginia Tech in Blacksburg
George Mason University in
Northern Virginia
Old Dominion University in Norfolk
16 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Advanced Education & Training
An Urban Powerhouse Leads the Way
The meteoric rise of Virginia Commonwealth
University (VCU) as one of the nation’s
top urban universities has been, by all
accounts, stunning.
Under the leadership of the dynamic Dr. Eugene P.
Trani and with strong civic and business support, a
small city commuter college recast its direction and
emerged as one of the country’s true educational
powerhouses and great urban institutions.
VCU is transforming the region, inspiring a new generation of creative, innovative thinkers in technology, medicine and the sciences, engineering, arts and business.
Some Things You Should Know
Virginia Commonwealth University
Externally Funded Research
Fiscal Year
$ Millions
1990
71.3
1995
87.2
2000
124.3
2005
206.8
Funding for FY 2005 represents an increase of 190% from FY 1990.
Virginia Commonwealth University
Sponsored Program Award Status – FY 2005
Federal Funding
$114,271,927
State Funding
30,257,858
Industry Funding
19,285,740
Other
43,000,824
• Externally funded research awards continue to grow, making VCU one of the top
research institutions in the country. Some $207 million, primarily from federal funds,
supports local research and is awarded primarily from the National Institutes of Health.
About 10 percent comes from private industry. (See Sidebars)
TOTAL
$206,816,349
Research
$131,982,632
• VCU is ranked by the Carnegie Foundation as one of the nation’s top research universities.
Other
52,405,430
• U.S. News & World Report has ranked 20 of VCU’s graduate and professional programs
as among the best of their kind in the nation.
Training
22,428,287
TOTAL
• VCU is the top developer in downtown Richmond, investing more than $1 billion in
real estate development in the past 15 years. An additional $500 million in development
currently is in design or under construction.
• A 2002 study by CEOs for Cities and the Initiative for a Competitive Inner City profiled VCU as an instructive example of an urban university playing a leadership role in
local and regional economic growth.
$206,816,349
FEDERAL AGENCIES
Department of Health and
Human Services
National Institutes of
Health
$12,896,927
77,734,230
• VCU enrolls more than 29,000 students in more than 181 undergraduate, graduate,
professional, doctoral and post-graduate certificate and degree programs at 15 schools
and one college. Dorm capacity has increased by 41 percent over the past three years.
National Science
Foundation
6,444,785
Department of Defense
4,257,037
• The 2002 Nobel Prize for Chemistry was awarded to Professor John B. Fenn and two
colleagues for a pioneering technique called electrospray ionization.
National Aeronautics and
Space Administration
1,613,435
Other
TOTAL FEDERAL
2002 Nobel Prize for Chemistry
Dr. Fenn (left) of VCU in 2002 received the Nobel Prize in
chemistry from King Carl XVI Gustaf of Sweden at the
Concert Hall in Stockholm.
Professor John B. Fenn, a research professor in the
Department of Chemistry at VCU and an affiliate professor
of chemical engineering, is one of three recipients of the
2002 Nobel Prize in Chemistry.
Fenn was honored for his work in the field of mass
spectrometry, specifically an analytical method that he
published in 1988 called electrospray ionization. The
pioneering technique allows researchers to “weigh” large
biological molecules, such as proteins, with unprecedented accuracy.
The technique is used in chemistry laboratories
around the world to rapidly and simply reveal what proteins a sample contains, contributing to the development
of new pharmaceuticals.
11,325,513
$114,271,927
FY 2004: Awards with start dates between 7/1/03 and 6/30/04
FY 2005: Awards with start dates between 7/1/04 and 6/30/05
17
Advanced Education & Training
Rendering Source: VCU School of Engineering
The School of Engineering
An exemplary model of collaboration
between the university and the industrial
and business community is VCU’s School
of Engineering. Thanks to substantial support from the state and local business community, this school was established in
1996 in response to workforce and economic development needs of Richmond
and Central Virginia.
The School’s trustees are the presidents and top officials of major manufacturing business and financial organizations
in Virginia, including Qimonda (formerly
Infineon Technologies Richmond),
Wachovia Bank, Dominion, Carpenter
Company, Wyeth, CarMax, Alfa Laval,
SunTrust Bank, and Philip Morris USA.
The educational approach stresses
creativity, industry partnerships, strategic
research, and an understanding of business and its global nature. Today the
Engineering School has more than 1,000
undergraduate students and nearly 200
graduate students.
Ground has been broken and construction is underway in Phase I of VCU’s
largest construction project to date,
which includes an expansion of the
School of Engineering (above left) to be
co-located with a new School of Business
(next page). This development will allow
the schools to capitalize on an already
emerging relationship that stems from
their focus on producing graduates with a
heightened understanding of business.
VCU Engineering is home to ChemEngine,
the first and only undergraduate engineering
consulting group in the nation. ChemEngine
student-consultants solve real technical and
engineering problems for real companies, for
pay. Working individually or in teams, students tackle a wide variety of chemical,
mechanical, and electrical engineering
problems in a number of areas: process
engineering services, R&D services, materials testing and characterization, computer
simulation, and Web-based services.
Clients range from small regional companies to international corporations.
ChemEngine’s client list includes E. I.
duPont de Nemours & Co., Infilco
Degremont, Boehringer Ingelheim
Chemicals, Philip Morris, ChemTreat,
Chrysalis Technologies and many others.
The Engineering School offers the following degree programs:
• B.S. in Chemical and Life Science, Electrical, Mechanical, Biomedical, Computer
Engineering and Computer Science. The B.S. in Computer Science is a rigorous,
highly concentrated curriculum accredited by the Computing Accreditation
Commission of ABET.
• M.S. and Ph.D. in Engineering with tracks in Chemical Engineering, Electrical and
Computer Engineering, Mechanical Engineering and Computer Science. (Ph.D. only)
• M.S. and Ph.D. in Biomedical Engineering and an M.D./Ph.D. program in participation with the VCU School of Medicine
• M.S. and post-baccalaureate certificate in Computer Science
FIRST Robotics Competition
VCU Engineering is title sponsor and
mentor for the regional FIRST Robotics
Competition. At FIRST (For Inspiration and
Recognition of Science and Technology),
teams of high school students work with
professional engineers to design and build
robots to compete in regional events leading
up to a national championship.
Since 2000, VCU Engineering, NASA
Langley, and generous community partners
have joined forces with FIRST to host the
regional robotics competition on the VCU
campus in Richmond. In March 2006, the
regional competition included 60 teams and
2,000 students.
In conjunction with FIRST Robotics,
VCU Engineering offers one scholarship in
the amount of full Virginia in-state tuition
and fees (approximately $4,200) to a participant on a FIRST Robotics team who enrolls
at VCU as a freshman.
The FIRST LEGO League (FLL), considered the “little league” of the FIRST Robotics
Competition, is the result of a partnership
between FIRST and the LEGO Group. FLL
extends the FIRST concept of inspiring and celebrating science and technology to children
aged 9 though 14. FLL competitions are held
in Richmond at the Maggie L. Walker
Governor’s School and in Petersburg at the
Appomattox Regional Governor’s School.
18 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Advanced Education & Training
Motorola, and IBM have donated approximately $10 million of equipment to be
used in microelectronics education and
research. Sponsored research for new
materials and devices is conducted on the
third floor, which has approximately 2,500
square feet of class 1000 space. The laboratory houses state-of-the-art equipment
used in device material growth.
Rendering Source: VCU School of Business
This 27,000-square-foot, four-story
building dedicated to microelectronics
a n d n a n o e l e c t ro n i c s re s e a rc h a n d
education is a key part of the School of
Engineering. The first floor is devoted
to silicon technology and undergraduate
education and includes a 5,000-squarefoot class 1000 cleanroom.
Premier companies such as Qimonda,
Photos: VCU School of Engineering, www.vcu.edu/egrweb
The Kenneth & Dianne Harris Wright
Virginia Microelectronics Research Center
Semiconductor equipment donated by
Motorola.
The School of Business
With considerable support from area businesses including Dominion, Verizon,
Qimonda, James River Technical and the
Federal Reserve Bank of Richmond, VCU’s
School of Business offers a variety of business, economics, real estate and information systems programs, all of which are
fully accredited by the AACSB –
International Association for Management
Education.
Specifically, the school offers
Bachelors, Masters and Ph.D. degrees in
Business with a major in Information
Systems, as well as a post-baccalaureate
certificate in Information Systems for students who have earned a bachelor’s degree
in another field.
The Department of Information
Systems’ B.S. program is accredited by the
Computer Accreditation Commission of
ABET, the Accreditation Board for
Engineering and Technology, Inc. VCU is
one of six charter schools in the nation to
receive this distinction for an undergraduate program and is the only school with
the program in the Business School.
A recently approved M.S. in Information
Systems degree and a technology-focused
MBA program also reflect the school’s
emphasis on the use of technology in business
management decision making.
In the Business School’s Department
of Information Systems, the Information
Systems Research Institute provides complete information technology services from
applied research, consulting and advisory
services to workforce training and development. ISRI can also provide students to
supplement a company’s existing IT staff
on a temporary or an ongoing basis.
Students launch model rockets as part of
learning the principles of fluid dynamics.
19
Advanced Education & Training
VCU Life Sciences Initiative
The Life Sciences Initiative is a comprehensive undergraduate and graduate program
with a unifying vision of the inter-relationships among the biological components of
life – from genes to ecological environments to human behavior.
The Initiative brings together outstanding faculty from the university’s academic
and health science campuses and features
flexible curricula comprising biology and
chemistry, engineering and mathematics,
medicine, technology and physics.
The new $28.1 million, 132,000square-foot Eugene P. and Lois E. Trani
Center for Life Sciences houses the Center
for Environmental Studies, the Center for
the Study of Biological Complexity, a satellite lab of the Nucleic Acid Research
Facility, the Bioinformatics Computational
Core Laboratory Suite, the Department of
Biology and the Office of the Vice Provost
for Life Sciences. The building features 17
undergraduate instructional labs and 44
research labs.
The Inger and Walter Rice Center for
Environmental Life Sciences, a gift to the
university in 2000, encompasses 272 acres
of land and a 70-acre lake on the James
River east of Richmond. Located on one of
the nation’s most ecologically and culturally significant rivers, the property is rich in
wildlife and natural resources. This living
laboratory will be the headquarters of the
Virginia Rivers Initiative for research and
scholarship in large river ecosystems.
VCU Rice Center property
Photos: Allen Jones, VCU Creative Services
Other Life Sciences Centers
• Center for the Study of Biological Complexity develops and supports VCU’s critical
infrastructure and core capabilities in the fields of genomics, proteomics, and computational systems biology and bioinformatics. www.vcu.edu/csbc
Photo: Allen Jones, VCU Creative Services
• Center for Environmental Studies, the focal point for environmental science at VCU,
emphasizes the importance of the life sciences through innovative research, hands-on
teaching and community service. More than 40 faculty members mentor talented undergraduate and graduate students in environmental studies. www.vcu.edu/cesweb
Roof-top 3,000 square-foot greenhouse of the Trani Center for Life
Sciences is a research-grade facility that can control temperature,
humidity and light.
Regional Research Institutions
Thomas Jefferson National Accelerator
Facility (Jefferson Lab) is a Department of
Energy facility for basic and applied nuclear
physics research and home to the
Continuous Electron Beam Accelerator
Facility and the Free-Electron Laser.
www.jlab.org
NASA Langley Research Center conducts
research in aerospace, atmospheric sciences
and technology commercialization and is
home to the Wind Tunnel Enterprise.
www.larc.nasa.gov
VCU Medical Center researchers
Virginia Modeling, Analysis and
Simulation Center at Old Dominion
University provides academic support for
military and civilian modeling and simulation activities. www.vmasc.odu.edu
20 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Advanced Education & Training
The VCU Medical Center
One of the nation’s oldest transplant programs, founded in 1956, is housed at the
Virginia Commonwealth University Medical Center, one of the nation’s leading medical
centers. The medical center includes a 780-bed hospital, outpatient clinics, and a 600physician-faculty group practice, as well as the VCU health sciences schools of Allied
Health Professions, Dentistry, Medicine, Nursing and Pharmacy.
A new $192 million critical care hospital will open in 2008 with expanded intensive
care units for surgical trauma, neonatal, cardiac, neuroscience, medical respiratory and
burn patients. The hospital will include a medical surgical unit with private rooms for
oncology patients and an expanded emergency department and will incorporate the latest technologies for diagnosis and treatment.
• The VCU Medical School’s Department of Pharmacology and Toxicology ranks in the
top 10 of National Institutes of Health funded Pharmacology and Toxicology programs in
the country.
• VCU’s School of Pharmacy, established in 1898, is rated among the nation’s top professional graduate programs and is at the scientific forefront in Pharmacy, Pharmaceutics
and Medicinal Chemistry.
• VCU is a leader in living donor liver transplantation and the treatment of liver disease,
including Hepatitis B and C and nonalcoholic fatty liver disease.
• The Medical Center is able to treat cancer and other tumors with state-of-the-art
stereotactic radiosurgery, combining a linear accelerator and an advanced positioning
system to target tumors within 0.4 millimeters of accuracy. This precision allows physicians to reach more tumors, treat them more effectively, and spare more healthy tissue.
• Researchers at VCU’s Massey Cancer Center have created a new platinum-based anticancer agent able to overcome acquired drug resistance. The findings may help in the
design of a new generation of anti-cancer drugs.
VCU Health System’s MCV Hospitals Gateway Building
(above) and School of Medicine, Department of
Surgery, Division of Neurosurgery (below left).
Photos: Allen Jones, VCU Creative Services
“The critical care hospital
comes at a time when the
School of Medicine also is
launching a bold new program to emphasize translational research — bringing treatment ideas from
the lab to the patients.
Together, the critical care
hospital and the research
program will bring the
newest diagnostics and
therapies to Virginia.”
[Dr. Sheldon Retchin, CEO of the
VCU Health System and vice president for VCU Health Sciences]
21
Advanced Education & Training
Pharmaceutical Trials & Testing
• Center for Drug Studies, a fully staffed 50-bed facility in the School of Pharmacy, is
one of the largest academic Phase I clinical research centers in the country. Industry
sponsors include many of the nation’s leading drug companies including Pfizer, Merck,
Roche Pharma, Wyeth and Genecom. www.cds.vcu.edu
• Institute for Structural Biology and Drug Discovery, established in May 1997, links
structural biology, molecular medicine, biotechnology and drug design to produce new
medicines. www.vcu.edu/structuralbio
• Virginia Institute for Psychiatric and Behavioral Genetics combines the strengths of
the VCU School of Medicine’s departments of psychiatry and human genetics to study
the role of genes and environment in psychiatric illness and behavior. The institute
includes the Mid-Atlantic Twin Registry, one of the largest twin registries in the world.
www.vipbg.vcu.edu
VCU’s Virginia Institute for Psychiatric and Behavioral
Genetics
Photo: Allen Jones, VCU Creative Services
• McGuire Research Institute at McGuire VA Medical Center is a nonprofit organization associated with the Richmond Veterans Affairs Medical Center – a 500-bed tertiary
referral hospital. The institute supports investigators with faculty appointments who conduct inpatient and outpatient Pre-clinical, Phase I, II, III, and IV trials and outcomes
research. Currently, 70 investigators are conducting 170 projects.
www.centerwatch.com/professional/PRO7.html
Medical Research & Clinics
• General Clinical Research Center has received continuous funding through the
National Institutes of Health since 1962. The center, one of approximately 80 nationwide, supports clinical investigation into the pathophysiology of human disease and
the testing of new methods of diagnosis and treatment. This smaller research hospital
within the larger medical facility includes 10 inpatient research beds, outpatient space
and a cadre of highly skilled research personnel.
www.vcuhealth.org/crc
• Massey Cancer Center, the focal point for basic and clinical research, education and
cancer health delivery activities at VCU, has received continuous funding from the
National Cancer Institute since 1975, when it was designated as a clinical cancer center.
More than 170 member doctors and researchers from 25 academic departments are
involved in collaborative research activities. The center also operates shared laboratory
resources for VCU’s basic scientists.
www.massey.vcu.edu
Massey Cancer Center. A new 80,000-square-foot
research facility, adjacent to the existing building,
opened in Spring 2006.
Photo: Allen Jones, VCU Creative Services
• Hume-Lee Transplant Center, an international leader in organ transplantation since
1956, had one of the nation’s first kidney transplant programs. It was the first in the
U.S. to perform adult-to-adult living liver transplants. The center also performs simultaneous kidney/pancreas transplants.
www.vcuhealth.org/transplant
• Medical Informatics and Technology Applications Consortium is a NASA-funded
commercial center with industrial, academic and government partners and a focus on
telemedicine, medical informatics and medical technologies.
www.surgery.vcu.edu/res-mitac.htm
22 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Infrastructure & Support
Technology Parks
Virginia BioTechnology Research Park
Adjacent to the VCU Medical Center and the
downtown campus of J. Sargeant Reynolds
Community College, this 34-acre technology
park is targeted to the pharmaceutical and
life sciences industries. The park is home to
50 biosciences companies, research institutes
affiliated with the VCU Medical Center, and
major state and national medical laboratories
and organizations involved with forensics,
testing of biotoxins and management of the
nation’s organ transplantation process.
www.vabiotech.com
Hanover County
95
Owens & Minor, Inc.
Insmed, Inc.
Virginia BioTechnology Research
Park Future Hanover Location
PPD, Inc.
64
Virginia BioTechnology Research Park
Wyeth Pharmaceuticals
Henrico
County
Philip Morris Center for
Research and Technology
295
Virginia BioTechnology Research Park
at White Oak Technology Park
Richmond
International
Airport
64
76
City
E.I. DuPont
895
Commonwealth
Biotechnologies, Inc.
Wako Chemicals USA
288
Chrysalis Technologies, Inc.
Virginia BioTechnology Research Park
at Meadowville Technology Park
95
Chesterfield County
295
Merit Medical Systems
85
Boehringer Ingelheim Chemicals
Meadowville Technology Park
This 1,300-acre park is located at the intersection of Route 10 and I-295 in Chesterfield
County, with frontage along the James River. The park is a satellite campus for the
Virginia BioTechnology Research Park, providing the capacity for approximately 2 million
square feet of combined office, laboratory and manufacturing space. The neighboring
River’s Bend Center is already home to Capital One and Carl Zeiss Optical.
www.meadowville.com
White Oak Technology Park
Located in one of the fastest-growing technology communities in the country, this
Henrico County park is a satellite campus for the Virginia BioTechnology Research Park,
totaling 2,300 acres. Conveniently accessible at the southeast quadrant of I-295 and I-64,
the park is zoned for high-tech, high-value manufacturing, R&D and office uses, with
sites ranging from 10 to 765 acres. Qimonda (formerly Infineon Technologies Richmond)
and Hewlett-Packard are anchor tenants.
These unique organizations are
tenants in downtown Richmond’s
Virginia BioTechnology Research Park:
UNOS, the United Network for Organ
Sharing, administers the nation's only
Organ Procurement and Transplantation
Network (OPTN), established by the U.S.
Congress in 1984. UNOS collects and manages data about all U.S. transplants, facilitates the organ matching and placement
process and brings together medical professionals, transplant recipients and donor
families to develop organ transplantation
policy. www.unos.org
Virginia’s Office of the Chief Medical
Examiner and Department of Forensic
Services (DFS) lead the nation in the use
of DNA in crime solving. In 1989, DFS was
the first state laboratory to offer DNA
analyses to law enforcement agencies and
the first to create a DNA databank of previously convicted sex offenders. In 1994, a
"cold hit" from the DNA databank resulted
in a conviction, and Virginia became the
first state to discontinue traditional serology
in favor of DNA testing. In 1998, Virginia's
DNA databank identified a perpetrator in
Florida for the first interstate "cold hit."
www.dfs.virginia.gov
www.vdh.state.va.us/medexam
Virginia’s Division of Consolidated
Laboratory Services (DCLS), formed in
1972, was the first consolidated laboratory
in the nation and offers a wide variety of
analytic testing services for state, local, and
federal agencies.
http://dcls.dgs.state.va.us
Virginia Institute of Forensic Science and
Medicine (VIFSM) is a premier provider
of hands-on training in a working forensic
environment for aspiring forensic scientists
and pathologists. VIFSM, founded in 1999
with the help of a grant from author
Patricia Cornwell, is addressing a critical
training shortage in the field of forensic
science and medicine. More than 5,000
professionals have participated in VIFSM’s
forensic science and medicine seminars.
www.vifsm.org
23
Infrastructure & Support
Incubators & Specialized Facilities
AdvanTech
Virginia BioTechnology Research Park
AdvanTech is a nonprofit small business
incubator with furnished office space for
up to 100 businesses to grow during their
one- to three-year start-up phase. Rental
rates are below market rate and features
include multiple phone lines with voice
mail, high-speed Internet access and training and conference rooms. One floor at
AdvanTech is designated as the Richmond
International Business Center and offers
foreign companies the resources they need
to quickly and successfully establish operations in the U.S. “How to do Business in
the U.S.” workshops provide a comprehensive overview of the legal, banking, financial, marketing and human resource issues
of a U.S. start-up. www.advantechva.org
Bioscience Incubator and Virginia
Biosciences Development Center River’s Bend East Office and
The Bioscience Incubator is a 27,000square-foot incubator located at the
Technology Center
Virginia BioTechology Research Park. Since
its founding in 1996, more than 60 companies have started in the incubator, including 18 from VCU. Twenty-seven have successfully graduated, with four having relocated to larger space in the park. Three
companies – Insmed Inc., Allos
Therapeutics Inc. and Commonwealth
Biotechnologies, Inc. – are now publicly
traded firms. The Virginia Biosciences
Development Center (VBDC), a nonprofit
501(c)(3) corporation, provides business
strategy and assistance to incubator tenants. VBDC has received local and national
recognition for assisting more than 25
companies over the past five years, resulting in more than $10 million in new
grants, contracts and equity investments.
www.vabiotech.com/bioincubator
This campus-style 42-acre complex is
located adjacent to Chesterfield County’s
Meadowville Technology Park, off I-295
and minutes from I-95. The most unique
feature is 61,400 square feet of laboratory
space containing 47 laboratories – half wet
and half dry. In addition, there is 50,700
square feet of conditioned process pilot/
scale up space. The 139,000-square-foot
office building includes a cafeteria, lecture
hall and training and fitness centers.
www.riversbendeastotc.com
Song spotted an emerging trend: the spread of
product placements in movies and television. He
conceived a way to make money from that trend.
Starting the business in a basement apartment,
Song borrowed money on a credit card, moved into
a business incubator and raised capital, first from
friends and family and then from angel investors.
BizWorks Enterprise Center
Formerly the Jefferson Davis Enterprise
Center, this multi-use incubator has industrial and office space available for lease.
Tenants share administrative services and
common areas, including a conference
room. The center can also provide business counseling, training courses and general business advisory services at no
charge. The 50,000-square-foot center is
ideally located off I-95 in Chesterfield
County’s Jefferson Davis Enterprise Zone.
www.bizworkscenter.org
AdvanTech tenant Michael Song saw his opening:
He would create a Website where fans could find
the products placed in movies, and he would generate income by selling the metrics to the companies that made them. His company, Visure, is the
prototypical entrepreneur’s tale.
After three years, he launched the product and
became an “overnight” sensation. Following his
passion, he is pioneering an enterprise that could,
one day, change one of America’s biggest, most
powerful industries, the movie business, forever.
River’s Bend East Office & Technology Center
24 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Business Advantages in Greater Richmond
A Region That’s Easy to Love
Virginia is synonymous with gracious living, and the Richmond region is proud of its
unparalleled quality of life. A culture rich in history, the arts, recreational opportunities,
exceptional schools and activities for children, and numerous vibrant neighborhoods
make Richmond an “easy sell” to top-level professionals and managers.
The area’s outstanding quality of life helps companies recruit, relocate and retain all
the right people to meet current and future needs. Firms that have relocated to
Richmond are pleased with the broad range of housing available at relatively low costs.
From historic townhouses and Georgian colonials to contemporary clusters, in urban or
suburban neighborhoods, there is a full range of desirable housing options and top
schools, both public and private.
Best of all, the average commute time is only 24 minutes. Amazing!
HERE ARE MORE REASONS WHY
RICHMOND IS EASY TO LOVE
• Workers’ compensation and unemployment compensation costs are among
the lowest in the nation.
• Building costs are 15.5 percent below
the national average.
• Dominion Virginia Power offers a variety
of rate options that may lower operating
Cost Comparison
costs for commercial and industrial
Metro Area (MSA)
Net Lease Rates,
Cost of
Middle Management Home Building
2
3 Suburban High
1
4
Living Index Price Comparison
Cost Index
Tech/R&D ($/SF)
Net Lease Rates,
Suburban Class A
4
Office ($/SF)
Electricity:
Industrial Average
5
Rates (Cents/kWh)
Richmond VA
108.4
$342,500
84.5 $5.50-$10.00 $14.00-$20.50 0.0460
Austin TX
97.0
$219,000
79.8 $6.60
$14.00-$26.75 0.0540
Boston MA
138.9
$505,200
115.4 $6.83
$16.00-$28.00 0.1084
Los Angeles CA 157.4
$795,613
106.8 $7.44-$27.00 $21.00-$48.00 0.0779
Northern NJ
136.3
$550,839
110.6 $10.00
Raleigh NC
94.0
$234,900
San Jose CA
166.2
$825,597
Washington DC 145.9
$654,540
$18.00-$35.00 0.0871
76.3 $9.00-$12.00 $17.00-$21.00 0.0430
116.9 $10.80
$13.80-$33.00 0.0815
96.9 $10.00-$12.00 $25.50
0.0491
users. Users have the option of selecting competitive power providers and
base rates will not increase until 2010
under Virginia's deregulation legislation.
• Lease rates for suburban high
tech/R&D space are in the range of
$5.50 to $10 per square foot.
• Lease rates for Class A suburban office
space average $14 to $20.50.
• The average price of a new middle
management home is $342,500.
Sources:
(1) ACCRA Cost of Living Index, Third Quarter 2005. Average of 298 urban areas = 100.
(2) ACCRA Cost of Living Index, Third Quarter 2005. Price for a new home with 2,400square-foot living area and 8,000-square-foot lot in an urban area with all utilities.
(3) RS Means Building Construction Cost Data 2005. Weighted average total city cost
index. Average for 30 major U.S. cities = 100.
(4) 2005 Comparative Statistics of Industrial and Office Real Estate Markets, Society of
Industrial and Office Realtors.
(5) Typical Bills and Average Rates Report, Winter 2005, Edison Electric Institute.
25
Business Advantages in Greater Richmond
Local & State Incentives
Richmond Region Incentives
Virginia Incentives
• Infrastructure improvement incentives including road access, utility extensions and
connection costs, and off-site improvements will be negotiated by individual localities.
• Enterprise Zones in Chesterfield, Henrico and the City of Richmond offer local tax and
financing incentives in addition to the state’s Enterprise Zone incentives.
• Foreign Trade Zone #207 at Richmond International Airport provides space for storage,
distribution and light assembly operations. Imported goods held in the zone are not subject to U.S. Customs duties until they leave the zone and enter the U.S. for domestic consumption. Duties are not paid on broken or wasted product or on items that are exported.
• Financing for small businesses is available through the James River Development
Corporation, the Crater Development Corporation, and the Richmond Economic
Development Corporation’s Micro-Enterprise Loan Program.
• Dominion Virginia Power offers a variety of rate options that may lower operating
costs for commercial and industrial users.
• Relocation services for company personnel are available through the Greater
Richmond Partnership, Inc. and local businesses.
Virginia State Taxes
The Commonwealth of Virginia offers a
welcoming business environment with
moderate and stable tax rates and low operating costs. A long-term commitment by
pro-business state and local governments
has kept tax rates stable and among the
lowest in the country.
Virginia’s corporate income tax rate is 6
percent. The rate has not changed since
1972 and there is no local corporate
income tax.
At a 5 percent total rate, Virginia’s sales
tax rate is the seventh lowest in the nation.
Broad sales tax exemptions for business
include all purchases used directly in production; gas, electricity or water delivered
through mains, lines or pipes; and custom
computer software.
• Workforce Services training program for
companies hiring at least 25 new employees
and investing at least $1 million and with at
least 50 percent of revenue generated from
outside of Virginia.
• Major Business Facility Job Tax Credit
against corporate income tax of $1,000 for each
new job created over 100 jobs (over 50 jobs in
Enterprise Zones and high unemployment areas).
• Enterprise Zone program provides cash grants
for new job creation and real property investments.
• Financing programs include industrial revenue bonds for manufacturing projects,
Governor’s Opportunity Fund, incentive
grants for targeted industries, and small business programs.
State Tax Rate Comparison
State
Corporate Income Tax
Personal Income Tax
Sales Tax
Virginia
6.0%
2.0-5.75%
5.0%
California
8.84%
1.0-9.3%
7.25%
Maryland
7.0%
2.0-4.75%
5.0%
Massachusetts
5.0%
5.3%
9.5%
plus $2.60 per $1,000 on plus 12% on short-term
capital gains
tangible values or net
worth
New Jersey
9.0%
1.4-6.37%
6.0%
North Carolina
6.9%
6.0-8.25%
4.5%
Texas
Franchise Tax: 0.25% of
None
8.25%*
5.0-9.3%
5.75%
net taxable capital, plus
the difference between
4.5% of net taxable
earned surplus and the
tax on net capital
Washington DC
Virginia State Capitol designed by Thomas Jefferson
9.975%
Note: *Rate for Austin; local rates vary in Texas.
Source: Research Institute of America, State and Local Taxes: All States Tax Guide
Photo: John Maziarz, VCU Creative Services
26 Technology in Greater Richmond Greater Technologies. Greater Opportunities. Greater Richmond.
Business Advantages in Greater Richmond
Entrepreneurial Support
Get Help Here
The Greater Richmond Technology Council is a membership association of companies
and organizations that promotes the success of technology companies and the growth of
the technology sector of the Central Virginia economy. The Council provides a forum for
technology companies to exchange ideas and serves as an advocate on technology
issues. The Council’s Capital Access Committee creates a “critical mass” of venture activity through the cooperation among similar organizations along the I-64 Corridor, from
Hampton Roads to Charlottesville. www.richtech.com
The Greater Richmond Partnership, Inc. is
an economic development team representing the City of Richmond and the counties of Chesterfield, Hanover and Henrico.
The Greater Richmond Small Business Development Center partners with Richmond
area small businesses to provide high quality business counseling, education and information services in areas including financing, marketing and business planning. The
SBDC offers success workshops and seminars and maintains a broad selection of
resource materials. The SBDC is operated by the Greater Richmond Chamber, in partnership with the Virginia Department of Business Assistance and the U.S. Small Business
Administration. www.grsbdc.com
Virginia’s Center for Innovative Technology’s mission is to increase Virginia’s commitment to the creation of new knowledge, accelerate the transfer of that knowledge into
the marketplace and promote the growth of entrepreneurial firms. Created by the
Virginia General Assembly in 1984, CIT is a nonprofit organization designed to enhance
the research and development capability of the state’s major research universities. CIT
works to increase federal research funding to colleges, universities and industry; commercialize intellectual property from colleges and universities; grow entrepreneurial companies and promote technology-based economic development. Its Entrepreneurship
Program offers new technology companies access to markets, capital and experienced
mentors. www.cit.org
The Virginia Council of CEOs is a nonprofit business organization for CEOs who seek
to grow their companies aggressively by leveraging the knowledge and experience of
their peers. The Council brings together dynamic, entrepreneurial CEOs of second-stage,
rapidly growing companies to share ideas, experiences and solutions through networking
and educational events. www.vaceos.org
The Center for Entrepreneurial Development, a department of the Community College
Workforce Alliance, offers comprehensive "across-the-board" small business services
including start-up assistance, business expansions and turn-around services for struggling businesses. Adjunct faculty consists primarily of current and past small business
owners – all experts in their individual fields. www.ccwa.vccs.edu/smbus/index.htm
The Partnership’s mission is “to help grow
the Greater Richmond economy through
the attraction of high quality jobs and new
capital investment, the retention of existing
businesses, and the continued improvement of the region's business climate.”
The Partnership provides site location
assistance to domestic and foreign companies planning new or expanded facilities.
It is a single point of contact to the network of private sector and state and local
government professionals that supports a
company’s facility location decision.
At the start of the site selection process,
the Partnership provides real estate information and customized economic and
business information as requested by the
company. In addition to the continuously
updated and extensive business real estate
database, the Partnership’s research
department can provide information on
critical business factors, including:
• Labor availability and cost and
labor-management issues
• Education and training programs
• Utilities
• Taxes and incentives
• Existing industry and suppliers
• Business climate and costs
• Quality of life and cost of living
The Partnership will coordinate public
relations services for the company and
provide relocation services to assist executives and employees.
The Greater Richmond Partnership, Inc. Offices
United States
Greg Wingfield, President & CEO
901 East Byrd Street
Suite 801
Richmond, VA 23219-4070
Toll-free: 1-800-229-6332
Phone: 804-643-3227
Fax: 804-343-7167
Website: www.grpva.com
Korea
Damon N. H. Ghang
Director, Korea Office
3rd Floor, Wookyung Bldg.
156-13 Samsung-dong, Kangnam-gu
Seoul, Korea 135-879
Phone: 82-2-3452-7548
Fax: 82-2-3448-5010
Mobile: 82-11-9717-4830
E-mail: [email protected]
United Kingdom
Andrew Harfoot
Springboard Marketing Limited
1 Tonbridge Chambers
Pembury Road
Tonbridge, Kent TN9 2HZ
Phone: 44-1732-363399
Fax: 44-1732-352304
E-mail: [email protected]
Germany
Dr. Raimund Pflug
Mrs. Edith Pflug
Directors, European Operations
Poststrasse 15-23
D-50676 Cologne, Germany
Phone: 49-221-232602
Fax: 49-221-2407357
E-mail: [email protected]
China
Dr. Kenneth Xu
Grace Zhang
3D, LLC
3781 Westerre Parkway, Suite F
Richmond, VA 23233
Phone: 804-212-1433
Fax: 804-212-1426
E-mail: [email protected]
Website: www.3d-llc.com
27
901 East Byrd Street, Suite 801
Richmond, VA 23219-4070
804-643-3227 Phone
800-229-6332 Toll-free
804-343-7167 Fax
http://www.grpva.com