Magal Senstar
Inc., a provider of security solutions
and services to the intelligence and Homeland Security
sector, opened an office in Herndon. Magal is a subsidiary
of Magal Security Systems Ltd. of Israel. (PRNewswire)
Paragon
Commercial Bank, a North Carolina-based provider
of banking services to small and medium-size companies,
opened its first Virginia office in Richmond. Starting
with nine employees, Paragon plans to increase its office
staff to 20 during 2007. (News release)
Smorgon
Steel Group Ltd., an Australian steel company,
plans to invest $25 million in Botetourt County to open
its first North American manufacturing facility, creating
55 new jobs. The operation will produce the company's
LiteSteel beam product used by builders in place of wood
composite or steel beams. Virginia competed with North
Carolina for the investment. (News release)
