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Blackstone completes Jersey Mike’s Subs acquisition
A spokesperson for Manasquan, New Jersey-based sandwich chain Jersey Mike’s Subs told NJBIZ that Blackstone completed its acquisition of a majority stake in the company Jan. 16. They added the terms of the deal remain unchanged from the private equity behemoth’s November 2024 announcement. Blackstone did not immediately respond to a request for more information. […]
Blackstone vertiport receives landmark approval
Move over, North Carolina. The Tar Heel State may have been first in flight, but Virginia landed a first for the advanced air mobility industry in September 2023 when the U.S. Federal Aviation Administration granted conditional approval for the nation’s first public-use vertiport, a landing and launch site for electric vertical takeoff and landing aircraft […]
State industrial fund awards $24.7M to projects
The governor announced more than $24.7 million in Industrial Revitalization Fund grants going to construction projects across Virginia on Tuesday, including Danville’s White Mill, South Boston’s John Randolph Hotel and other historic properties. “The transformation of older, vacant or blighted structures into productive, usable spaces is crucial to catalyzing economic growth to creat[...]
$90K in business grants go to Buena Vista, Blackstone
Gov. Ralph Northam announced Wednesday that $90,000 in Community Business Launch (CBL) grants, which provide business plan competition funding, will go to the town of Blackstone in Nottoway County and the city of Buena Vista. CBL funding also offers training for entrepreneurs focused on regional economic development. “This public health crisis has underscored the value […]
