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NJ resin/vinyl manufacturer to invest $13.5M in Tazewell
New Jersey-based custom resin and vinyl manufacturer Ronald Mark Associates Inc. will invest $13.5 million to establish a manufacturing operation in Tazewell County, a project expected to create 29 jobs, Gov. Glenn Youngkin announced Thursday. The company will occupy the former Komatsu Mining Corp. facility at 1081 Hockman Pike in Bluefield. “Ronald Mark Associates’ decision […]
Site Selection ranks Va. 1st for biz climate
Virginia rose to first place in Site Selection magazine’s 2022 Business Climate Rankings. The commonwealth unseated North Carolina and ranked above Georgia, which had an eight-year streak in the top spot. Last year, Virginia was tied for 10th place. “I’m pleased that Virginia has won the best business climate; it&#[...]
FyberX to invest $17.5M in Mecklenburg HQ
FyberX Holdings, a regenerative agriculture company, will invest $17.5 million to establish its U.S. headquarters and production operations in Mecklenburg County, creating 45 jobs, Gov. Glenn Youngkin announced Wednesday. The company will be located in the formerly vacant Kinderton Distribution Center in Clarksville, where it will process hemp and other agricultural products and produce fibers […][...]
Mighty Dream Day 2: Finding and seizing opportunities
The second day of Pharrell Williams‘ Mighty Dream Forum in Norfolk included poetry, news about Williams’ Something in the Water music festival and advice for entrepreneurs. Just as Mighty Dream’s first day was focused around a central theme of diversity and equity, the second day was largely dedicated to inspir[...]
Dan Snyder may sell Washington Commanders
Daniel and Tanya Snyder are considering selling the Washington Commanders, the Ashburn-based NFL team announced Wednesday. They have hired Bank of America Securities “to consider potential transactions,” according to a news release. Dan Snyder has been under increasing pressure to sell the team in recent weeks, as bo[...]
Something in the Water will return to Va. Beach in 2023
Music superstar and Virginia Beach native Pharrell Williams announced Wednesday that his signature three-day music festival, Something in the Water, will again be held in Virginia Beach on April 28-30, 2023, after the festival moved to Washington, D.C., this summer. The inaugural Something in the Water festival was held on the V[...]
CoStar Group breaks ground on $460M Richmond expansion
Washington, D.C.-based CoStar Group Inc., a commercial real estate data and analytics provider, broke ground on its $460 million downtown Richmond expansion Tuesday. Announced in December 2021, the campus will include a LEED platinum certified 21-story, 425-foot tower, 750,000 square feet of office and retail space and another f[...]
Ferrum College president to step down
Ferrum College President David L. Johns will resign effective Nov. 7, the school announced Tuesday. The private college’s board of trustees will select an interim president as it begins a national search for its next president. Johns has been Ferrum College’s president since January 2018. “I am proud of all we have accomplished these past […]
GMU launches College of Public Health
George Mason University has rebranded its College of Health and Human Services as the College of Public Health in a move to address a critical need for skilled health professionals and research across the state. GMU announced the renaming Tuesday, following approval in late October by the State Council of Higher Education for Vi[...]
Leidos completes acquisition of Aussie special missions biz
Reston-based Leidos has completed its acquisition of Australia-based Cobham Aviation Services’ special mission subsidiary from British technology aerospace manufacturer Cobham Ltd., the Fortune 500 federal contractor announced Monday. The $215 million deal was first announced in August. The acquisition adds airborne su[...]
Mighty Dream Day 1 focuses on diversity, equity
Grammy winning music superstar Pharrell Williams put on his business hat Tuesday in Norfolk, welcoming attendees to his Mighty Dream forum, which he likened to an event like the World Economic Forum in Davos, Switzerland, “but for marginalized communities.” The three-day forum kicked off with spoken-word poetry and a mighty [...]
Pharrell urges Norfolk to speed up Military Circle development
During a news conference before his three-day Mighty Dream forum kicked off Tuesday, music superstar Pharrell Williams said he is waiting for Norfolk to officially approve his development team’s Wellness Circle project at Military Circle Mall, noting, “I’ve been told many times that we won it. … You have to a[...]
