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Recent Articles from Joan Tupponce
A jackpot for Danville?
The now-blighted property that was Dan River Mills when textile was king in the city of Danville will soon morph into the gleaming, $400 million Caesars Virginia casino and resort. At one time, the 80-acre site in the Schoolfield neighborhood was the world’s largest single-unit textile manufacturing site. Now abandoned, the unsightly property represents the […]
Regional reboot
Public and private investments are boosting the economy in Southwest Virginia, bringing in a diversified group of new companies, from indoor salmon farming to medical information technology firms — as well as a long-awaited casino. Addressing the region’s steady decline in the coal industry, officials in the Southwestern region continue to lay out the roadmap […]
Payout on a dream
“Get it done!” Those three words sent Jason Eige and Martin Kent on a mission to bring a casino to Bristol Mall before commercial gaming resorts were even legal in Virginia. Eige, general counsel for The United Co., and Kent, the oil and gas company’s president and chief operating officer, vividly remember the day they […]
Growth and development
Despite dealing with the economic consequences of the COVID-19 pandemic, Southern Virginia is celebrating the development of a resort casino, new investments in the area and several company expansions. The pandemic has presented localities in the region like Danville with a number of challenges they haven’t seen before, but the city continues to look for […]
Hemp industry takes another step forward
The co-founders of South Boston-based Golden Piedmont Labs want to give the county a boost by processing hemp from local farmers. “We were looking for a way to give back,” says Rick Gregory, who started Golden Piedmont Labs with Sterling Edmunds Jr. Both are Halifax County natives with extensive backgrounds in real estate and finance. […]
Home prices still increasing
Hampton Roads home values continued trending upward from July 2019 through July 2020. According to the latest available data from the Real Estate Information Network Inc., the Multiple Listing Service for the region, the median price of buying a home in Hampton Roads this July was $275,000 — a 7.84% increase from July 2019. When […]
Staying strong
No one could have predicted 2020 would bring such dramatic changes. Civil unrest after the police killing of George Floyd in Minneapolis, coupled with a once-in-a-century pandemic, is accelerating social and economic changes around the country, including in the Richmond region. Once the capital of the Confederacy, Richmond began creating a blueprint for the future […]
Creating space for startups to bring products to fruition
South Boston’s town manager, Tom Raab, was elated when Mid-Atlantic Broadband Communities Corp. announced in early summer its plan for a Southern Virginia Tech Hub adjacent to its Southern Virginia Innovation Hub. “That’s big for South Boston and Halifax County,” Raab says. “The locations will have the fastest free Wi-Fi in Southern Virginia.” The Tech […]
Smoother flow
Just a year and a half ago, it wasn’t uncommon for a truck at the Virginia International Gateway to spend two to four hours waiting to pick up and drop off cargo. The Port of Virginia would open the gate at 1 a.m. and wouldn’t close until 10 p.m. “It wasn’t a sustainable system,” says […]
Eggs in several baskets
Southern Virginia ended 2019 with some of the largest investments the region has seen in recent years and strong economic momentum — a far cry from 15 to 20 years ago when the area experienced downfalls in employment and capital investment after the textiles industry moved operations outside the country. Last July, the positive energy […]
