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Home>Katherine Schulte

Katherine Schulte

Recent Articles from Katherine Schulte

Economic Development January 9, 2023

NY textiles company to buy Patrick County HanesBrands facility

New York-based specialty textile manufacturer Apex Mills Corp. will invest $3.1 million to acquire the former HanesBrands facility in Patrick County, along with the plant’s equipment. The acquisition will retain 96 jobs and create an estimated 44 jobs, Gov. Glenn Youngkin announced Friday. Apex Mills will fulfill contracts for the Hanes clothing brands. HanesBrands Inc. […]

TowneBank promotes HR chief to COO
People January 5, 2023

TowneBank promotes HR chief to COO

TowneBank has promoted R. Lee Clark from chief human resources officer to chief operating officer, the Suffolk-based bank announced Thursday. In this role, Clark will continue to oversee human resources and will be responsible for bank operations. He’ll also become a member of the corporate management team. “Throughout his career at TowneBank, Lee has led […]

News January 4, 2023

Cadence acquires Conn. device components manufacturer

Staunton-based medical and drug delivery devices manufacturer Cadence Inc. has acquired Connecticut-based miniature medical device components manufacturer Utitec Inc., Cadence announced Tuesday. Financial details of the transaction were not disclosed. Utitec specializes in miniature, deep drawn medical device and commercial components. The company has a medical facility in Costa Rica. “Acquiring[...]

Economic Development January 3, 2023

Manufacturer plans $40.2M expansion in Floyd

Massachusetts-based advanced materials manufacturer Hollingsworth & Vose will invest $40.2 million to expand its Floyd County operation, a project expected to create 25 jobs, Gov. Glenn Youngkin announced Tuesday. H&V will add more than 28,000 square feet to its facility at 365 Christiansburg Pike NE to accommodate new production equipment. “Hollingsworth & Vose has generated [&helli[...]

Julien Reininger launched his vegan jerky business, Jacked! Jackfruit Jerky, as a college student with the help of Virginia Commonwealth University’s da Vinci Center for Innovation and its pre-accelerator program. Photo by Matthew R.O. Brown
Business Trends December 29, 2022

On your mark

When Virginia Commonwealth University closed its buildings in spring 2020, then-student Julien Reininger wasn’t deterred from his entrepreneurial pursuits. In the kitchen of his parents’ Springfield home, Reininger ran a dehydrator for eight hours at a time, creating vegan jerky from canned jackfruit and developing different marinades. “I’m sure when I started doing it, they [&[...]

Sentara invests $11M in Newport News revitalization
Healthcare December 22, 2022

Sentara invests $11M in Newport News revitalization

Sentara Healthcare invested $11 million in Newport News’ Marshall-Ridley Choice Neighborhood revitalization initiative, the Norfolk-based health system announced Wednesday. Sentara is providing $11 million in loan financing support for the project’s second phase, which focuses on the former Ridley Place neighborhood. The project is part of the U.S. Department of Housing and Urban Devel[...]

Friendship staff assist a rehab patient. Photo courtesy Friendship
Healthcare December 22, 2022

Va. nursing homes, assisted living facilities struggle with staffing

Virginia’s nursing homes and assisted living facilities continue to struggle with staffing shortages, according to a Virginia Health Care Association-Virginia Center for Assisted Living survey released in December. Of 154 long-term care providers who responded to the survey, 86% said their workforce situation worsened in 2022 compared with 2020, an increase of five percentage points [&hellip[...]

The Hilb Group grows to 48 offices in 18 states
Insurance December 20, 2022

Hilb Group acquires Ga. insurance agency

Henrico County-based insurance company The Hilb Group LLC announced Tuesday it had acquired Georgia-based Gillman Insurance Problem Solvers. Financial terms of the acquisition, which became effective Dec. 1, were not disclosed. “Joining The Hilb Group allows us to build further upon our long-standing, dedicated focus on our customers,” Ed Gillman, Gillman Insurance’s founder and [...]

The United Way of Southwest Virginia unveiled its Ready SWVA initiative to 150-plus local leaders at a Dec. 8, 2021, event. Photo courtesy United Way of Southwest Virginia
News December 19, 2022

SWVA child care initiative receives $1.24M grant

The New River/Mount Rogers Workforce Development Board will receive $1.24 million in grant funding for Ready SWVA, a child care initiative launched by United Way of Southwest Virginia, Gov. Glenn Youngkin announced Monday. The United Way chapter launched Ready SWVA in December 2021 to expand access to affordable child care, strengthen the provider network and […]

David Boyle. Photo courtesy Burke & Herbert Bank & Trust Co.
People December 19, 2022

Burke & Herbert Bank holding company elects new chair

Burke & Herbert Financial Services Corp. announced that President and CEO David P. Boyle will be chair of the board effective Jan. 1, 2023, the Alexandria-based holding company for Burke & Herbert Bank & Trust Co. announced Friday. Boyle joined the bank in 2019 and has been a bank director since 2020. He succeeds E. […]

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Top Stories

A rendering of Commonwealth Fusion Systems' planned facility in Chesterfield County. Image courtesy CFS.

Chesterfield planners approve $2.5B+ nuclear fusion plant

The Chesterfield County Planning Commission unanimously recommended approving a permit Commonwealth [...]

Default Alt Text

U.S. Department of Education finds GMU violated civil rights law

George Mason University has been found in violation of civil rights law, the U.S. Department of Educ[...]

Jefferson Lab seeks voluntary 7% workforce reduction

Jefferson Lab seeks voluntary 7% workforce reduction

Jefferson Lab Director Jens Dilling confirmed Thursday that the lab wants 7% of its workforce to agr[...]

Ex-Virginia House Speaker Gilbert resigns as U.S. attorney after 1 month

Ex-Virginia House Speaker Gilbert resigns as U.S. attorney after 1 month

Former speaker of the House of Delegates resigned after a little more than a month as U.S. attorney [...]

Aaron Noble, Virginia Tech professor and department head, (left) and Francisco Haussmann, project superintendent for Aclara Resources, in the Virginia Tech lab Aug. 14, 2025. Photo by Natalee Waters

Mining company partners with Virginia Tech on rare earths plant

Aclara plans to invest $10 million on rare earths separation pilot plant at Virginia Tech to boost U[...]

Mary Washington Healthcare, UMW plan to launch medical school

Mary Washington Healthcare, UMW plan to launch medical school

Mary Washington Healthcare is planning to partner with the University of Mary Washington to launch a[...]

People

Peraton taps new chief growth officer

Peraton taps new chief growth officer

11/8/2025

Thalhimer taps new commercial property services leader

Thalhimer taps new commercial property services leader

5/8/2025

Dollar Tree promotes new chief legal officer

Dollar Tree promotes new chief legal officer

31/7/2025

Regions

Salem manufacturers plan expansions

Salem manufacturers plan expansions

Three advanced manufacturing operations with roots in Salem recently revealed plans to expand facili[...]

Port of Virginia nears finish of $450M dredging project

Port of Virginia nears finish of $450M dredging project

Seven years after the Port of Virginia launched a $450 million dredging project to become the deepes[...]

Trump coal policy changes could boost Southwest Virginia

Trump coal policy changes could boost Southwest Virginia

Southwest Virginia officials say President Donald Trump’s executive orders aimed at revitalizi[...]

Transco pipeline to expand for Virginia power demand

Transco pipeline to expand for Virginia power demand

In May, Tulsa, Oklahoma-based energy company Williams announced an expansion of its Transcontinental[...]


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