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Recent Articles from Kate Andrews
Aditxt to produce 300 jobs in Richmond
A biotech company is setting up shop in Richmond and is expected to produce 300 jobs, Gov. Ralph Northam announced Monday. California-based Aditx Therapeutics Inc. (Aditxt) has pledged to invest $31.5 million over the next three years in its first AditxtScore Center, a facility that will monitor patients’ immune systems. The company plans to open […]
Q1 sees stronger industrial, mixed office space demand
Cushman & Wakefield | Thalhimer has released Q1 highlights in commercial real estate for several Virginia regions, including Roanoke, Fredericksburg, Hampton Roads, Richmond and Charlottesville. Here are some of the regions’ “fast facts” for the first quarter of 2021: Roanoke’s unemployment rate reached 5.1%, an increase from the fourth quarter but still below the natio[...]
Authority of the port
In January, Stephen Edwards became the new CEO and executive director of the Virginia Port Authority, which oversees the Port of Virginia. The former CEO of Los Angeles-based TraPac, which operates container terminals in California and Florida, Edwards succeeds John Reinhart, who retired after seven years at the authority’s helm. During his tenure, Reinhart steered […]
Raising the bar
On May 1, Virginia’s minimum hourly wage will rise to $9.50 for most non-farm jobs, and for many business owners, that won’t be too disruptive. But the state’s upcoming Jan. 1, 2022, mandated raise to $11 “is of greater concern” to businesses, says Eric Terry, president of the Virginia Restaurant, Lodging and Travel Association. VRLTA […]
Casino competitors roll the dice in Richmond
Two operators are battling it out to build a casino in Richmond, the final city where a casino can be built in Virginia under current state law. Later in May, an advisory panel is expected to recommend a casino proposal for consideration by Richmond City Council and, ultimately, city voters in November. Richmonders worried about […]
Passing the baton
John F. Reinhart Former CEO, executive director of Virginia Port Authority Reinhart retired at the end of March as CEO and executive director of the Virginia Port Authority, a position he began in 2014. During his tenure, the Port of Virginia started and completed a nearly $800 million expansion of its terminals in Hampton Roads […]
The Port of Virginia
By 2024, the Port of Virginia expects to be the deepest port on the East Coast at 55 feet, with room for two-way traffic for some of the world’s largest vessels. The port has six terminals and has invested more than $1 billion in infrastructure since 2015, producing 390,000 port-related jobs across the state, $23 […]
Northam partly rolls back Va. mask mandate
Virginians will still need to wear masks indoors and at large, crowded events outside, but Gov. Ralph Northam amended his executive order Thursday to allow fully vaccinated people — meaning those who received their final COVID-19 vaccine dose at least two weeks earlier — to remove their masks outdoors in small gatherings, following new Centers […]
VW named to Time magazine’s 100 Most Influential Companies list
Volkswagen Group, with its North American operations based in Herndon, was named this week to Time magazine’s inaugural 100 Most Influential Companies list, receiving accolades for its move into electric automobiles. The German automotive corporation has set aside $54 billion for electrified vehicles over the next five years, with plans for six new battery factories and […]
Modine expands Va. footprint, will invest $7M in Rockbridge County
Modine Manufacturing Co. will invest $7 million to convert its Rockbridge County warehouse into a manufacturing plant that will produce data center cooling solutions, creating 60 jobs, Gov. Ralph Northam announced Thursday. Headquartered in Wisconsin, Modine specializes in building thermal management systems and components and saw $2 billion in revenue last year. Modine has had […]
