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Va. localities crack down on short-term rentals
RICHMOND, Va. — Several Virginia municipalities have recently drafted or passed ordinances to regulate short-term rentals. Scrutiny of short-term rentals mirrors a nationwide trend. Companies like Airbnb and Vrbo have become popular lodging options for tourists, as well as people in need of temporary housing. Municipalities have pushed back against the rental options for reasons […]
Economic Development 2023: TELLY TUCKER
A graduate of James Madison University, Tucker previously was director of Arlington Economic Development, and also served five years as director of economic development for Danville, before returning to Southern Virginia in May 2022 to head up IALR, a regional hub for advanced manufacturing training initiatives and economic development. This year, IALR’s Accelerated Training in […]
Economic Development 2023: CORRIE BOBE
Bobe is sparking growth in rural Southern Virginia, which is still rebuilding from losing its textiles industry decades ago. In January, city officials participated in the groundbreaking for Dan River Falls, the $85 million public-private mixed-use redevelopment of the shuttered White Mill textiles factory building. And in May, Caesars Entertainment opened a temporary casino in […]
Betting on success
Thousands of new jobs are flowing into Southern Virginia as Caesars Virginia prepares to open its permanent casino resort next year, and industries move into the region or expand. Meanwhile, local economic developers have been pitching the vacant 3,500-acre Southern Virginia Megasite at Berry Hill for megaprojects like electric vehicle assembly and battery manufacturing plants […]
Atlantic Union to acquire American National Bank
Updated 4:15 p.m. July 25 Richmond-based Atlantic Union Bank’s parent company announced Tuesday that it has entered into an agreement to acquire American National Bankshares Inc., which is headquartered in Danville and is the holding company of American National Bank and Trust Co. The combined bank will have total assets of $23.7 billion as of […]
Luxury RV park sets sights on Danville
Danville visitors could soon be setting up camp at the area’s first luxury RV park if City Council approves a special use permit for The Palace Resort, a project that could generate $1.3 million in annual city tax revenue. The matter was set to go before Danville City Council on June 20, following the planning […]
July 2023 Top Five
1 | 36 Virginia companies make 2023 Fortune 1000 Thirty-six Virginia-based companies made Fortune magazine’s 69th annual Fortune 1000 list, and 24 Virginia companies made the elite Fortune 500. (June 5) 2 | Amazon begins HQ2 move-in Amazon.com Inc. began moving employees into the first phase of HQ2, its $2.5 billion […]
IALR names EVP of operations
Lynchburg’s assistant city manager, John Hughes IV, has been named executive vice president of operations at the Institute for Advanced Learning and Research in Danville, the institute announced Monday. Hughes started in his new role Thursday. He reports directly to IALR President Telly Tucker and serves as the institute’s chief business and operations officer. “I […]
Caesars Virginia casino opens in Danville
On May 15, the first bets were taken at the 40,000-square-foot temporary Caesars Virginia casino in Danville, while a $650 million permanent resort casino is being built next door. The temporary casino looks like a simple white tent on the outside, but the inside feels “very much like you’re in any casino in the country,” […]
Caesars Danville opens temporary casino
Virginia’s third casino opened its doors Monday in Danville to hundreds of guests lined up to take a look inside Caesars Virginia’s 40,000-square-foot temporary casino. While the $650 million permanent resort, which is expected to open in late 2024, is being constructed next door, the temporary facility will offer guests eight sportsbook betting kiosks; 740 […]
Rural leadership institute aims to build local capacity
Virginia Rural Center Executive Director Kristie Proctor has long heard that the state’s rural areas were losing population and having difficulty cultivating local community leaders. To address the gap in local leadership, VRC, a Richmond-based nonprofit focused on fostering economic growth in rural areas, last year launched the Virginia Rural Leadership Institute (VRLI), an annual […[...]
Propulsion system
Madeline Davis has never set foot on a Navy submarine, so she doesn’t get to see the products she makes in action. Davis is a CNC (computer numerical control) machinist at Fairlead Integrated in Portsmouth, where she makes metal parts for the Navy’s silent service. The defense contractor supplies shipboard integrated parts, including for the […]
