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Volume 11 Number 9


Career and Business Opportunities Commonwealth’s Unemployment Rate Continues at 3.8%


Virginia posts second-lowest unemployment rate among major U.S. states


June 2017


Granules India to Add 102 Jobs, Invest $35 Million in Fairfax County Pharmaceutical R&D, Manufacturing Operation


Hyderabad-based company expanding presence in Chantilly area


RICHMOND – Governor


Terry McAuliffe has announced that Granules India Ltd., a vertically integrated pharmaceutical company, will invest $35 million into


and manufacturing capabilities Virginia’s seasonally adjusted


unemployment rate in April held steady at 3.8 percent, following three straight months of decline. Te March and April rates of 3.8 percent are the lowest rates in nine years, since May 2008. Virginia’s seasonally adjusted unemployment rate continues below the national rate, which was down 0.1 percentage point in April to 4.4 percent.


“Today’s announcement is more


positive news for the Commonwealth as we work to build a new Virginia economy


that is less reliant on


federal spending and more reliant on diversified, private sector investment and job creation,” said Governor McAuliffe.


“I’m equally pleased to


see the continued growth of our labor force, setting another record high for the Commonwealth as more Virginians bring their skills and talents to our economy.”


Virginia has the second lowest


seasonally adjusted unemployment rate among the Southeast states. In addition, Virginia has the second lowest unemployment rate among major U.S. states.


Virginia’s labor force expanded


for the 13th consecutive month to 4,301,554, setting a record high for the Commonwealth, and household employment expanded for the 28th consecutive month to 4,139,699, also a record high. Te labor force increased by 11,054 in April, as household


employment rose by 10,270 and the number of unemployed increased by 784.


indicators that Governor McAuliffe’s efforts


“I’m pleased to see these strong to


build a new Virginia


economy, in partnership with the private sector, the General Assembly, and others, are working,” said Secretary of Commerce and Trade Todd Haymore. “With record private-sector investments, I’m hopeful this trend of over-the-year job gains will continue, further establishing Virginia’s status as the best state to live, work, and raise a family.”


Virginia’s nonfarm payroll


employment is 44,400 jobs higher when compared to April of 2016. Virginia’s over-the-year employment growth was 1.1 percent and has been positive for 37 consecutive months. Nationally, total nonfarm employment grew 1.6 percent in April compared to a year ago.


In April, the private sector


recorded an over-the-year gain of 43,900 jobs, while the public sector recorded an over-the-year gain of 500 jobs. Compared to a year ago, on a seasonally adjusted basis, eight of the eleven major industry divisions experienced employment gains.


For a greater statistical


breakdown visit the Virginia Employment Commission’s website at www.vec.virginia.gov.


In 2014, the


Granules Pharmaceuticals Inc., to expand


its wholly-owned subsidiary, its pharmaceutical


R&D in


Fairfax County. Virginia successfully competed against New Jersey for the project, which will create 102 new jobs.


company


invested $15 million to establish their wholly-owned subsidiary operation, creating 75 jobs in Fairfax. Tis announcement comes aſter Governor McAuliffe met with Granules India leadership to discuss this expansion project in March 2017.


“Building on the


Commonwealth’s proven strengths in the pharmaceutical sector and creating jobs of the future are essential to diversifying and building the new Virginia economy,”


said Governor


McAuliffe. “Granules India has demonstrated impressive growth at its sole U.S. R&D and manufacturing operation in Fairfax County, a testament to the resources and infrastructure the Commonwealth offers in this ever-evolving industry. I was pleased to meet with company leadership to discuss this important expansion project, and I look forward to a continued corporate partnership.”


“Granules India’s rapid success is


a strong example of what companies can achieve in Virginia,” said Secretary of Commerce and Trade Todd Haymore. “Pharmaceutical production accounts for 15 percent of the more than 25,000 Virginians employed by the Commonwealth’s multibillion dollar life sciences industry. Granules is an important part of Virginia’s unique combination of international companies, major corporations, small businesses, and start-ups, and we are proud the company is a member of our corporate roster.”


Granules India Ltd. is


headquartered in Hyderabad, India. Te company manufactures Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs), and Finished Dosages (FDs), distributed to quality- conscious customers in both regulated and semi-regulated markets.


“Setting up a development


For information on part-time and full-time career opportunities, call: 757-575-1863


and manufacturing presence in the United States was the first step we took as a company to meet our strategic focus on strengthening our global presence,” said Priyanka Chigurupati, Executive Vice President, Granules India Limited. “Granules Pharmaceuticals Inc. will focus on developing complex generic products by leveraging in-house technology


to


that will increase efficiency and cost effectiveness. We are very excited about our plans for expansion in Fairfax County in the Commonwealth of Virginia. Tere is a lot of untapped potential with a highly educated and technically savvy workforce, reliable security, diverse amenities and state of the art infrastructure including Dulles International Airport, Te Port of Virginia, and the expanded Metrorail in close proximity.”


Te Virginia Economic


Development Partnership will support Granules’ new job creation through its Virginia Jobs Investment Program (VJIP). VJIP services


and funding training companies a


creating new jobs or experiencing technological change to support employee


activities. As


business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies.


VJIP is state-funded,


demonstrating Virginia’s commitment to enhancing job opportunities for its citizens.


“Te Fairfax County EDA has


greatly enjoyed helping Granules India build its presence here. Tis announcement is important in several ways,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority. “Te work that Granules India is doing here in pharmaceutical manufacturing and research is a great example of how the life-science industry is growing rapidly, and the company joins more than 400 other foreign-owned firms that have chosen Fairfax County for U.S. expansion.”


“It is great news that Granules


India, a pharmaceutical manufacturing and resource company whose mission is to be a global leader in the industry, has chosen to expand in Northern Virginia,” said Congresswoman Barbara Comstock. “Our region is committed to providing the talent, infrastructure and support for these 21st century pharmaceutical jobs.”


“Granules India’s decisions to


locate here in 2014 and now expand its U.S. operations in Herndon are a testament to the quality of workforce and quality of life our area offers,” said Senator Jennifer Wexton. “We welcome this expansion and look forward to the company’s continued success.”


“Granules India Ltd.’s decision invest $35 million


to expand


its pharmaceutical R&D and manufacturing operation here in Northern Virginia is great news,” said Delegate Jennifer Boysko.


“Tis new


investment brings more than 100 new jobs to our thriving and diverse business community. I am thrilled to have the company in the 86th District.”


provides consultative to


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