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Recent Articles from Katherine Schulte
Carpenter to acquire N.C. foam manufacturer
Richmond-based polyurethane foam manufacturer Carpenter has signed an agreement to acquire North Carolina-based NCFI Polyurethanes’ Consumer Products division, the company announced Wednesday. Carpenter declined to disclose financial terms of the transaction. The NCFI division has about 150 employees, who will join Carpenter’s 6,500-plus employees worldwide. With one location in Mount [...]
Northrop Grumman to establish $200M Waynesboro facility
Falls Church-based Fortune 500 defense contractor Northrop Grumman will invest more than $200 million to establish an advanced electronics manufacturing and testing facility in Waynesboro, creating an estimated 300 jobs over the next five years, Gov. Glenn Youngkin announced Tuesday. “Northrop Grumman’s expanding Virginia footprint sends a powerful message that the commonwealth is a ma[...]
Rockbridge tent manufacturer to expand, add 60 jobs
Natural Bridge-based fabric shelter systems manufacturer XFactor Solutions Global has leased 34,000 square feet to expand in Rockbridge County, with plans to create 60 jobs, Cushman & Wakefield | Thalhimer announced Thursday. The company, which acquired the assets of Creative Tent International in October, will use the industrial space at 70 Douglas Way in Natural […]
Democrats sweep Va. General Assembly
Updated Nov. 8 Democrats regained control of the Virginia Senate and the House of Delegates in Tuesday’s elections, likely putting a damper on Republican Gov. Glenn Youngkin’s legislative agenda and potential 2024 presidential aspirations. As of 11:45 p.m. Tuesday, according to the Virginia Public Access Project, Democrats won 21 out of 40 seats in the […]
SWVA clean energy development could draw $8.5B in investments
Wise County and neighboring localities in Southwest Virginia may become home to a massive clean energy development that could attract up to $8.25 billion in capital investments, Gov. Glenn Youngkin announced Wednesday. An agreement between Energy DELTA Lab, Dallas-based Fortune 100 energy company Energy Transfer and Wise County will involve the development of 65,000 acres […]
Food/bev distributor opens $275M Caroline County center
Food and beverage distributor World Class Distribution has opened its nearly finished $275 million, 1.2 million-square-foot distribution center in Caroline County with 400 employees, the county’s board of supervisors announced Tuesday. Gov. Glenn Youngkin initially announced the project in November 2022, at which time WCD expected to add 745 jobs. The company now plans to […]
The next frontier
You come down with coldlike symptoms. Flu season is here, and a new COVID subvariant is circulating. As the illness lingers, you question whether you should see a doctor. Imagine putting your symptoms into a chatbot connected to your doctor’s office or health system that can retrieve your medical records, evaluate your information and recommend […]
GDIT lands $450M CMS contract
Falls Church-based federal contractor General Dynamics Information Technology won a $450 million Centers for Medicare & Medicaid Services contract, the General Dynamics subsidiary announced Thursday. Under the contract, GDIT will continue operating and modernizing CMS’ Healthcare Integrated General Ledger Accounting System (HIGLAS), an accounting system that standardizes federal financia[...]
Third-party logistics company to expand in Pulaski County
Wytheville-based third-party logistics company Camrett Logistics will invest more than $2 million to expand in Pulaski County, creating an estimated 58 jobs, Gov. Glenn Youngkin announced Tuesday. Camrett Logistics’ investment in its Dublin facility will include construction, renovating existing space and buying new forklifts and electric trucks. “Homegrown Virginia businesses like Camrett[...]
NNS funding helps launch ODU engineering program
Newport News Shipbuilding will be the lead industry sponsor of Old Dominion University’s program to graduate more engineers, the two organizations announced Tuesday. NNS, a division of Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries, will make a five-year financial commitment to the Monarch Accelerator Program to Engineering (MAP-to-E), ODU‘s program t[...]
