Virginia Governor Terry McAuliffe recently chose the Newport News, Va., headquarters of International Communications Group (ICG) to announced the designation of five new Virginia Enterprise Zones (VEZs) and the renewal of five others.
The company, celebrating its 20th anniversary this year, manufactures satellite-based voice and data telecommunications. It is involved in the design, development and manufacture of next-generation aerospace communications systems and data routing solutions for general aviation and the air transport segments, has customers on every continent and has attracted employees from all over the globe. During the past decade it has also been among Virginia’s “Fantastic 50” fastest growing companies on several occasions.
“We are extremely honored to be chosen to host the Governor for this announcement and we were very grateful and humbled by the extremely complimentary references to us in their comments. To be cited as an example of a successful Virginia company is a tribute to our dedicated and talented employees,” said Scott Trainum, ICG’s Chief Executive Officer. “We are proud to support our local community with a workforce of over 100 employees with new positions being created on a regular basis, which in turn, helps to stimulate the local economy.”
The City of Newport News as well as the City of Bristol and Page County and two additional regional zones were the newly designated VEZs this year. The Enterprise Zone Program has been one of the state’s most successful incentive efforts in growing Virginia’s businesses. Localities compete for the VEZ designation for an initial 10-year period and may receive up to two five-year renewals. There are currently 57 Enterprise Zones throughout the state.