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Recent Articles from Beth JoJack
Manufacturer plans $5M expansion in Scott County
VFP, a manufacturer of enclosures used to protect critical infrastructure, will invest $5 million to expand its Scott County facility, a move expected to create 50 jobs, Gov. Glenn Youngkin announced Monday. The expansion will allow VFP to respond to a growing data center market. “Virginia’s robust data center industry relies on manufacturers like VFP, […]
Va. casinos report $63.1M in August revenues
August gaming revenues for Virginia’s three casinos totaled $63.1 million, according to Virginia Lottery data released in September. Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $15.94 million in adjusted gaming revenues (wagers minus winnings), of which about $13.29 million came from its 905 slots, and the remaining roughly […]
Charlottesville Realtor named Virginia Realtor of the Year
Virginia Realtors named Denise Ramey of Charlottesville the 2024 Realtor of the Year on Sept. 18 in downtown Richmond at its annual awards ceremony. The award is given to professionals who make “proven contributions to the real estate industry through both personal and professional achievement and outstanding volunteerism.” She leads Denise Ramey Real Estate, which […]
Topsoe buys land for $400M plant in Chesterfield County
Topsoe, a Danish electrolyzer manufacturer, paid $4.95 million for about 57 acres in Meadowville Technology Park in Chesterfield County this summer, where the company plans to build a $400 million manufacturing plant. In April, Topsoe announced the investment, which is expected to create 150 jobs. The company will manufacture Solid Oxide Electrolyzer Cell stacks, which […]
Pittsylvania tapped as home for $1.5M+ training center
TECHnista, an education consulting company that develops curriculum for K-12 programs in defense and advanced manufacturing industries, will invest about $1.56 million to establish a National Training and Technology Center in Pittsylvania County, Gov. Glenn Youngkin announced Friday. The project, which is expected to create 15 jobs, will assist in the implementation of a five-year […]
$10M Biochar plant opens in Waverly
Restoration Bioproducts’ executives and employees gathered with state and local officials Wednesday to celebrate the opening of the company’s Sussex County biochar production facility. Through a thermal decomposition process known as pyrolysis, the facility heats waste wood to high temperatures in an environment without oxygen to transform the material into syngas — a combustible gas[...]
Summit for entrepreneurs planned for Danville
Two South Boston-based economic development organizations will host a summit for entrepreneurs and business leaders Oct. 19 at the Institute for Advanced Learning and Research in Danville. Launched by the SOVA Innovation Hub, a nonprofit working to drive economic transformation with digital skills and entrepreneurship, and RISE Collaborative, a regional initiative driven by a mission […]
Kongsberg to build $101M missile plant in James City County
Kongsberg Defence & Aerospace, a subsidiary of Norway’s Kongsberg Group, plans to establish its first U.S. defense assembly plant in James City County, investing more than $100 million and creating an estimated 180 jobs, Gov. Glenn Youngkin announced Tuesday. The company expects to invest $71 million in a 150,000-square-foot facility in James City County, as […]
VACU names Member One regional head for Roanoke, Lynchburg
Tim Rowe will be president of Virginia Credit Union division Member One’s markets in the Roanoke and New River valleys and Lynchburg, as the former Roanoke credit union integrates with VACU. Member One Federal Credit Union and VACU finalized their merger Aug. 1, creating a combined institution with 500,000 members and $7 billion in assets, […]
CACI strikes $1.27B deal to buy RF electronics provider
CACI International has entered into a $1.275 billion definitive agreement to acquire Azure Summit Technology, the Reston-based Fortune 1000 government contractor announced Monday. Based in Fairfax and founded in 2007, Azure Summit develops high-performance radio frequency (RF) hardware and software for the U.S. Department of Defense. Pending regulatory approval, the all-cash deal is expected to [...]
