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New logistics centers boost Virginia’s supply chain edge
Four major logistics hubs, including Amazon and Port 460, open across Virginia in 2024, enhancing East Coast distribution and supply chain access.
Chesterfield County leads Virginia in population growth
Chesterfield County tops Virginia in population growth, fueled by new housing, remote workers, and major employers like Lego seeking a strong workforce.
Virginia scores big with booming sports tourism industry
Henrico and other Virginia counties see major economic growth from sports tourism, with events and new venues boosting jobs, tax revenue, and visitors.
Richmond warehouse complex with Amazon fulfillment center sells for $97.5M
Stream Realty Partners acquires Richmond warehouse campus for $97.5M and 135-acre Chesterfield site, signaling growing interest in the region.
Largest industrial building in Richmond market holds groundbreaking
A massive 846,260 square-foot spec industrial facility under construction in southern Chesterfield County is expected to be ready for delivery before the end of the year. New York-based real estate developer PNK Group began construction on the building at 1640 Ashton Park Drive during the first quarter of this year and hosted a groundbreaking ceremony […]
Chesterfield’s Atlantic Constructors Inc. acquired by Texas co.
One of the U.S.’s largest providers of mechanical services, Texas-based TriplePoint MEP, has acquired Chesterfield County-based Atlantic Constructors Inc. (ACI), according to a Monday announcement. ACI, which provides mechanical, electrical, plumbing and fire protection products and services, also has locations in Roanoke, Suffolk, Sterling, and Wilmington, North Carolina. A request for comm[...]
Va. reports close to 300 layoffs across 3 bizs
A Fortune 500 federal contractor, a global aluminum company and a private school notified Virginia on March 31 of job cuts in compliance with the Worker Adjustment and Retraining Notification (WARN) Act. Leidos, which has its headquarters in Reston and provides technology, engineering and science services to defense, intelligence, civil and health customers, will lay […]
$120M TowneBank-Village Bank acquisition approved by state, FDIC
Suffolk-based TowneBank’s $120 million acquisition of Midlothian’s Village Bank and Trust Financial Corp. has been approved by the FDIC and the Virginia State Corporation Commission, clearing the way for a completed deal in early April, the two banks said Tuesday. Announced in September 2024, the combined bank, which will still be known as TowneBank, will […]
VACU appoints risk management, internal audit officers
Virginia Credit Union and its Member One division announced last week that it has named two executives to oversee risk management and the Chesterfield County-based credit union’s internal audit function. Mike Brunson has assumed the newly created role of executive vice president and chief risk officer. Meanwhile, VACU promoted Kenya Maddox to senior vice president […]
Timmons Group opens Roanoke office
Timmons Group has opened an office on Norfolk Avenue in Roanoke, according to a Thursday announcement by the engineering, design and technology services firm, which has headquarters in Chesterfield County. Timmons has 20 offices, including the new Roanoke office and its headquarters, located across Virginia, North Carolina, Maryland, South Carolina, Texas and Washington, D.C. Located […]
Chesterfield’s Springline development moves forward
Timmons Group expects to move its headquarters from a Chesterfield County office park into the county’s new Springline at District 60 mixed-use project in the first quarter of 2025. The five-story, 150,000-square-foot building is one of three buildings in the first phase of the development near the Chippenham Parkway and Midlothian Turnpike intersection that should […]
World’s first commercial fusion power plant planned for Chesterfield
Commonwealth Fusion Systems, a Massachusetts-based fusion energy company, plans to build the world’s first grid-scale commercial fusion power plant in Chesterfield County, Gov. Glenn Youngkin announced Tuesday. “It’s a nearly $3 billion capital investment, paying taxes, and it’s a bunch of really high-tech jobs,” Garrett Hart, Chesterfield’s director of economi[...]
