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econdev

Gov. Glenn Youngkin signed on Oct. 31, 2025, a memorandum of understanding with AstraZeneca, Eli Lilly, Merck and state entities to establish a training center. Photo by Katherine Schulte/Virginia Business
Oct 31, 2025

AstraZeneca, Eli Lilly, Merck commit $120M to Virginia pharma training

AstraZeneca, Eli Lilly and Merck committed $120 million to develop an advanced pharmaceutical manufacturing training center in Central Virginia.

A ham on a cutting board. Half has been sliced. Photo by DepositPhotos
Oct 28, 2025

Ham producer to build $1.2M facility in Isle of Wight County

The Isle of Wight County is bringing home the bacon in the form of a $1.2 million Darden Hams production facility.

A worker at Merck's Elkton facility. Copyright Merck & Co., Inc., Rahway, NJ, USA and its affiliates. All rights reserved.
Oct 20, 2025

Merck to build $3B facility in Elkton

Merck & Co. is starting construction on a $3 billion pharmaceutical manufacturing facility in Elkton that is expected to create 500 jobs.

Henrico EDA head to leave in 2026
Aug 25, 2025

Henrico EDA head to leave in 2026

Anthony Romanello, the Henrico County Economic Development Authority’s executive director, will resign from the role early next year.

A man wearing a navy blue blazer
Jun 12, 2025

New Virginia Beach economic development chief resigns suddenly

Virginia Beach’s new economic development director, Christian Green, resigned Wednesday after serving less than four months in the post.

MSI held a grand opening for its distribution center in Suffolk in May 2025. Photo courtesy M S International
May 29, 2025

MSI opens $61.6M Suffolk distribution center

MSI, a California-based flooring, countertops, and tile supplier, opened its $61.6 million East Coast distribution facility in Suffolk.

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May 14, 2025

QualiChem to invest $9M in Salem expansion

Salem-based metalworking fluids manufacturer QualiChem will invest $9 million to expand its operations with a new 48,550 square-foot facility and will create 12 jobs, according to a May 13 announcement.

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May 8, 2025

Virginia launches accelerator for $250M+ economic development projects

Virginia’s Made in Virginia Accelerator program announced May 8 accelerates large-scale projects with a $250M+ capital investment and 500+ jobs, offering expedited permitting and coordination among state agencies.

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business
May 8, 2025

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 jobs and expanding its U.S. logistics and distribution network.

A map of VGR's region showing the incorporation of Emporia, Greensville and Brunswick. Image courtesy Virginia's Gateway Region
Apr 11, 2025

Virginia’s Gateway Region adds three localities to footprint

Virginia’s Gateway Region Economic Development Organization announced Thursday that its board of directors voted three additional Virginia localities — the city of Emporia, along with Greensville and Brunswick counties — into its geographic footprint. Based in Colonial Heights, the VGR is a private nonprofit economic development organization that works closely with the Virginia Economic [...]

Workers gather around a man in a blue suit.
Apr 3, 2025

Supply chain co. plans $10M expansion in Pulaski

The Patton Logistics Group, a U.S. supply chain company, plans to expand with a $10 million, 100,000-square-foot warehouse and distribution facility in Pulaski County, Gov. Glenn Youngkin announced Thursday. This is the company’s second expansion in four years in Pulaski County and will allow Patton Logistics Group to expand its customer base across the Southeast, […]

A Neptune statue overlooks a walkway in the center of the photo. A hotel is visible on the right side.
Mar 7, 2025

Defense optics manufacturer to open Virginia Beach facility

Vidarr, which makes night vision goggles and other defense optical equipment, will invest $2.69 million over the next three years to open a manufacturing facility in Virginia Beach, a project estimated to create 40 jobs, Gov. Glenn Youngkin announced Friday. The New Hampshire company’s manufacturing facility is moving into a 16,410-square-foot building located at 2656 […]

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