Email from Commonwealth of Virginia October Edition Volume 6 | October 30th 2025 Commerce in the Commonwealth October Edition Visit our Website A Message from Secretary Segura Learn more about Sec. Segura here "The Hard Thing About Hard Things" Many people have been asking us how Virginia is attracting so much new investment from industries like the life sciences. Over the last four months, we’ve announced a $5 billion investment from Eli Lilly, a $4.5 billion investment from Astrazeneca, and now a $3 billion investment from Merck. The answer is simple – this administration has been doing the HARD THINGS. There is a truth in economic development; when you cut taxes and deregulate, you can then move fast. When you move at the speed of business, businesses want to come to places like Virginia. When businesses come, they hire more people. More people equals more taxpayers, and finally, more taxpayers equals more tax revenue. It hasn’t been easy, but this administration has streamlined more than 31% OF ALL REGULATIONS across government. We’ve delivered more than $10 billion of surpluses, which have then produced record amounts of tax relief ($9 billion). This is the right story for economic development. A story focused on doing the hard things up front and then seeing the fruits of your labor 3 years later. As Secretary, the Commerce and Trade team will continue to do the hard but meaningful things until the last second of the last minute of this administration. Because economic growth matters, every Virginian matters. Eli Lilly and Company Invests $5 Billion in Virginia “With their new five billion dollar investment, Eli Lilly and Company isn’t just bringing great jobs and new facilities; they are bringing the promise of a healthier future for all Americans, and I’m proud Virginia is joining them on that mission," said Secretary of Commerce and Trade Juan Pablo Segura.” European Union Ambassador Roundtable Last month, Secretary Segura participated in a roundtable with more than ten ambassadors from across the European Union and shared with them the Virginia story. The world is coming to the Commonwealth to see the amazing transformation that’s happening in real time. Click here to see highlights from this great event Systems Planning & Analysis Expands in Northern Virginia “After half a century of partnership with SPA, Virginia is beyond excited to see the company expand so rapidly in Northern Virginia,” said Secretary of Commerce and Trade Juan Pablo Segura. “I am proud to join SPA, Alexandria, and Fairfax County in celebrating what this means for the region.” Virginia is Open for Business! Red River Foods Expands Henrico Headquarters to Offer New Products “The food and beverage sector is a cornerstone of Virginia’s economy, and Red River Foods has been a major part of that for decades,” said Secretary of Commerce and Trade Juan Pablo Segura. Read the full announcement here Landmark Investment by Hitachi Energy “825 new employees in South Boston will soon be constructing the critical electrical equipment needed to power even more economic growth in the Commonwealth. As our energy demands rise, Virginia and Hitachi Energy are rising to the occasion,” said Secretary of Commerce and Trade Juan Pablo Segura. Read the full announcement here Governor Glenn Youngkin Announces First-of-its-Kind American Tin Production Facility “Nathan Trotter’s investment in Henry County is a powerful example of how Virginia is leading the way in advanced manufacturing and supply chain infrastructure,” said Secretary of Commerce and Trade Juan Pablo Segura. Read the full announcement here ABB, Inc. Expands in Henrico County “Keeping the lights on in this country requires an all-hands-on-deck, all-of-the-above approach when it comes to energy. The research, production, and distribution work ABB is doing in Henrico County is a vital part of that,” said Secretary of Commerce and Trade Juan Pablo Segura. Read the full announcement here Dover Food Retail Manufacturing Campus “By expanding their manufacturing footprint in the Commonwealth, Dover is opening new opportunities to reach the ports, highways and railways that drive American commerce,” said Secretary of Commerce and Trade Juan Pablo Segura. Read the full announcement here Did you enjoy this email? Virginia Secretary of Commerce and Trade | 1111 East Broad Street | Richmond, VA 23219 US Unsubscribe | Update Profile | Constant Contact Data Notice