Three Businesses to Expand in Virginia Beach

Thursday, May 21, 2015

​Two manufacturers and a catering company will expand their businesses in Virginia Beach in the coming months.

All three companies received Economic Development Investment Program (EDIP) grants Tuesday from the Virginia Beach Development Authority to help their expansion plans. The grants are awarded based on the creation of new jobs and new capital investments.

 

The three companies are moving into areas near Naval Air Station Oceana where the city provides incentives to encourage businesses that are compatible with the jet base, and incentives for incompatible businesses to relocate elsewhere in Virginia Beach. It is called the YesOceana program.

 

“YesOceana has been extremely effective in reducing incompatible business development in the Accident Potential Zone 1 area,” said Michelle Chapleau, business development manager. “This award-winning program serves as a model for other localities with encroachment issues. These grants are examples of our recent efforts and the success of the program to attract compatible and appropriate businesses to this area of our city.” 

 

The three companies are:

 

Powertrain Industries, Inc.: The company, headquartered in Garden Grove, Calif., will relocate and expand its manufacturing facility to Oceana South Industrial Park. Powertrain manufactures automotive drivelines for many popular foreign rear-wheel-drive cars and light trucks. The Virginia Beach manufacturing facility opened in 2012.

 

The company has purchased a 20,000-square-foot building at 2503 Squadron Court, which greatly expands the company’s footprint from its existing 8,712-square-foot leased space at 1409 Air Rail Ave.

 

“Powertrain is making a significant investment in Virginia Beach,” said Warren D. Harris, director of Virginia Beach Economic Development. “This is exactly the industry sector we are targeting for the Oceana area, and we know their manufacturing, wholesale and distribution operations will be a perfect fit with other businesses in the Oceana South Industrial Park.”

 

The new facility will occupy 10,000 square feet in the building, and the relocation is expected to be complete by August.  The total capital investment of $1.26 million includes real estate, improvements, business property, machinery and tools. The Development Authority approved an EDIP grant of $25,000 based on the capital improvements and its compatible use in the APZ-1 YesOceana land use program.


S&S Precision will expand its manufacturing and distribution operation from 9,000 square feet to 14,850 square feet at 2504 Squadron Court. The company is a government contractor that specializes in product development and manufacturing of military, police and tactical equipment.

 

The company established its Virginia Beach operations in 2007. The expansion of the manufacturing and distribution facility will be complete by June. The current location also provides the company with enough space to expand an additional 4,950 square feet. The company will also hire six new employees with average annual wages of $29,500 excluding benefits.

 

“S&S Precision supplies vital equipment to our military and police,” Harris said. “Virginia Beach has been an ideal location for the company’s growth due to the large concentration of military and government contractors. This industry sector – manufacturing and distribution – aligns with our goals for the APZ-1 Yes Oceana business community. We look forward to their continued success in Virginia Beach.”

 

The Development Authority approved an EDIP grant of $40,000 based on the company’s capital investment of $2.04 million and the location in the APZ-1 compatible zone. The capital investment includes real estate, business property, machinery and tools.


Yummy Goodness is a small, woman-owned catering company that opened in 2012. It specializes in private and corporate catering that emphasizes local foods. The company has experienced tremendous growth that requires an expansion of its current location at 317 Village Road.

 

Yummy Goodness expanded its leased space from 1,350 square feet to 2,125 square feet and has extended the lease for an additional five years. The company also is adding a community kitchen that can be rented by other small culinary businesses.

 

The expansion and renovations will be completed this summer. The company has received its second APZ-1 EDIP grant from the Development Authority in the amount of $25,000 based on the capital investment for this expansion of $414,000.

 

“Yummy Goodness obviously has the recipe for success,” Harris said. “They have created a loyal following and are now offering a catering kitchen so other local start-up businesses can have opportunities to learn and grow their businesses.”

 

In 2012, the Development Authority made a grant award of $10,000 for the company’s capital investment of $100,000 and its first five-year lease.

Lori Verity, co-owner, is a classically trained chef with certification from Johnson and Wales University and a bachelor’s degree from Ohio State University. Kelly McMoran, co-owner, is a chef by trade who was born and raised in Norfolk and Virginia Beach.


The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses, to stimulate capital investment and create jobs. Virginia Beach is the most populous city in Virginia with a population of 450,000 and it is the 37th largest in the United States. It is recognized as one of the Best-Run Cities in America by 24/7 Wall St. The Department of Economic Development received re-accreditation through the International Economic Development Council in 2012 and is one of only 29 economic development organizations in the world to have this recognition. It is listed among the Top Five Overall Mid-Sized American Cities of the Future, Top 10 for Economic Potential and Top Five for Infrastructure by fDi magazine. CNNMoney.com ranked Virginia Beach as the Easiest Place to Start a Business and the 2nd Most Business-Friendly City in the country. For more information, visit www.yesvirginiabeach.com.

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