Future Foundation Opens Operations Center in Henrico County, Virginia
“The U.S. site will be grown into a future tool/application development center and will also offer prospective customers the opportunity to work directly with our engineering team for more intricate testing requirements,” said Abeer Singhal, Partner & Technology Officer at Future Foundation (India).
Future Foundation designs, manufactures, services precision rubber and polymer quality control instrumentation, as well as data acquisition and analysis systems, according to the Greater Richmond Partnership. The 30-year-old company, whose clients include Bosch and the U.S. Army, plans to sell its advance analytical testing equipment and manufacturing software in the U.S. market. The company plans to offer its services to smaller and medium-sized U.S. manufacturers interested in increasing their in-house testing and quality control capabilities.
“I would like to welcome Future Foundation to Henrico County,” said Thomas Branin, Henrico County Board of Supervisors. “We’re excited to be chosen as the home of their first US sales office. This company is an excellent addition to our robust manufacturing and IT industries and to our family of international companies. We look forward to their future growth and success here in Henrico.”
GRP was contacted in November 2018 through its relationship with SelectUSA, part of the U.S. Department of Commerce’s International Trade Administration. Future Foundation required guidance from the ground up on regulations, government compliance, tax structure, etc.
The company also considered West Coast options; however Abeer Singhal had a previous positive experience as a one-time resident of the Richmond Region. GRP and Henrico County Economic Development Authority facilitated meetings with local legal, human resources and accounting consultants during Singhal’s December 2018 visit. This re-introduction to the area proved invaluable. A few months later, Singhal signed a lease at GatherRVA in Glen Allen, Virginia.
“Innovation and engineering are two of the Richmond Region’s greatest assets and we’re excited to add the Future Foundation to an impressive list of professional service companies,” said GRP President & CEO Lara L. Fritts, CEcD. “There’s no better compliment to see a former resident decide to return to Greater Richmond when they could have chosen anywhere in the nation for its first U.S. office.”
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
What Should High-Growth Companies Look for in a Community?
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
A Changing Food Manufacturing Industry
2017 Food Processing
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
The Trade War and Its Impact on the Location Decision Process