Superior infrastructure key to attracting and retaining international leaders like Amazon, Allianz, ThermoFisher, and moren
Henrico, Virginia, May 25, 2023
Henrico, Virginia has become the location of choice for international companies looking to thrive in a post-pandemic economy. Both Amazon and Allianz, two global leaders ranked in the top 10 of the Institute for Management Development’s (IMD) future-ready companies list, have a presence in Henrico. Meanwhile, industry leaders like snack giant Mondelēz, telecommunications giant T-Mobile, data center solutions titan QTS, biotech company ThermoFisher, and more have invested hundreds of millions of dollars in the locality since 2021.
“Henrico is preparing for tomorrow today, which is a crucial component of future business success. In no place is that more evident than our continued investments in infrastructure,” said Anthony Romanello, Executive Director of the Henrico Economic Development Authority. “Consumers want goods shipped to them in days. Business leaders need to communicate with companies on the other side of the globe in a matter of seconds and must be able to scale up quickly. Industry leaders are discovering they can accomplish all these things in large part due to a footprint in our locality.”
When global power management company Eaton expanded its operations in 2021, Chris Butler, Senior Vice President and General Manager of Eaton’s Power Quality Division said, “Optimizing our existing Eaton footprint in Henrico will ensure that our operations are well-positioned for future success.” That same year, Troy Ellis, Mondelēz International Senior Vice President of North America Supply Chain proclaimed, “Our presence in Henrico County continues to play an important part in us creating a best-in-class integrated supply chain, which supports our U.S. business both now and for the future.”
Henrico lies in the middle of the East Coast and is home to Richmond International Airport, one of the busiest air cargo facilities in the nation and a designated Foreign Trade Zone. Global companies can leverage the Port of Virginia, set to be the largest container port on the East Coast by 2024. And, for businesses in search of a global communications hub, Henrico is host to the fastest data speeds on the planet and features access to four subsea cables, 20+ network providers, 40+ internet exchanges, 3000+ networks, and 500+ data centers around the world.
“The companies that thrive take data and infrastructure seriously,” continued Romanello. “We have laid the foundation that allows you to pivot, extend your consumer reach, and communicate with your partners – and do it faster, better, and for less than your competitors. We’re helping our companies win in their industries plus we’re always looking for new ways to boost success. The future is here in Henrico. If you’re a company that wants to be ready for it, we’d love to chat about ways we can help.”
About the Henrico EDA
Located in the heart of the Eastern Seaboard, Henrico is an AAA-bonded county adjacent to Virginia’s capital city of Richmond. The EDA is your single point of contact for business development and site selection services. Find properties and run reports with our GIS tool, HenricoProperties.com. Learn more about White Oak Technology Park, a master-planned high-tech manufacturing center, at whiteoaktechpark.com. Visit Henrico.com for the latest news and to sign up to receive our Property Now and Henrico Now newsletters.
For more information on this topic, contact:
Anthony J. Romanello
Executive Director