Please ensure Javascript is enabled for purposes of website accessibility

economic development

Hard Rock executives and partners participate in the company's "guitar smash" during the grand opening of the permanent Hard Rock Hotel & Casino Bristol on Nov. 14. Photo courtesy Hard Rock
Nov 14, 2024

Permanent Hard Rock Bristol casino opens

The bright lights of Bristol shine considerably brighter now following the opening of Virginia’s second full-fledged casino. Thursday heralded the grand opening of the $515 million-plus Hard Rock Hotel & Casino Bristol, Virginia’s first hotel/casino combo. Symphonies of sounds, from music to slot machines, indicated the site’s time for business had arrived. “This brand is [[...]

Virginia Gov. Glenn Youngkin, state Secretary of Commerce and Trade Caren Merrick and Microporous CEO John Reeves were among officials participating in a Nov. 13, 2024, ceremonial groundbreaking for Microporous' lithium-ion battery plant at the Southern Virginia Megasite at Berry Hill in Pittsylvania County.
Nov 13, 2024

Pittsylvania megasite wins $1.3B battery separator project

Tennessee-based Microporous will invest $1.3 billion to build its battery separator manufacturing facility at the Southern Virginia Megasite at Berry Hill in Pittsylvania County, Gov. Glenn Youngkin announced Wednesday. The company expects the project to create 2,015 jobs. The megasite’s first tenant, Microporous will develop Lot 1 at the park in two phases, with each […]

Aerial view of buildings.
Nov 7, 2024

Developer downscales plans for Pittsylvania power plant/data center campus

The developer planning a natural gas power plant and data center campus on 2,233 acres in the Banister and Callands-Gretna districts of Pittsylvania County withdrew its rezoning application Monday, after facing vocal opposition from residents at public meetings held last week.  Instead, Herndon-based Balico, the development company behind the project, intends to file a rezoning […]

Caesars Virginia casino sets opening date
Nov 7, 2024

Caesars Virginia casino sets opening date

The Caesars Virginia resort casino in Danville will open Dec. 12, Nevada’s Caesars Entertainment announced Thursday. A $750 million, 587,000-square-foot casino and resort hotel in Danville’s Schoolfield neighborhood, the permanent casino will replace the temporary Caesars casino that opened nearby in May 2023. According to Thursday’s announcement, the new casino — which will be[...]

A rendering of the proposed power plant and data center campus planned for Pittsylvania County. Courtesy Balico
Nov 1, 2024

NoVa developer won’t pull plans for Pittsylvania power plant, data centers

Despite vocal public opposition, developer Irfan Ali of Herndon-based company Balico says he’s still moving forward with seeking local government approval for a power plant and data center campus he wants to build on 2,233 acres in the Banister district of Pittsylvania County.  County residents turned out in large numbers for two public meetings about […]

Several electronic products
Nov 1, 2024

Avionics manufacturer will invest $5M on Reston office and R&D facility

CMC Electronics, a Montreal-based avionics manufacturer, will invest $5 million to establish an office and research and development facility in Reston, Gov. Glenn Youngkin announced Friday. Initially, the project will create 89 jobs, with more positions expected as operations increase, according to the governor’s office. “This creation of new high-tech jobs demonstrates the strength of [&h[...]

Default Alt Text
Oct 31, 2024

All in good time

For decades, the promise of economic revitalization has tantalized Southwest Virginia. The sparsely populated region, once home to booming coal mining and tobacco industries, has had money and resources thrown at it by local, state and federal governments, but it’s still had a difficult time finding its footing. As the region’s economy has declined, so […]

Default Alt Text
Oct 31, 2024

Virginia is for HQs

When CoStar Group was searching for its new headquarters in 2022, Central Place Tower at 1201 Wilson Blvd. in Arlington County, with its impressive accompanying bird’s-eye views, captured the company’s attention.  Located about a quarter mile from the Potomac River, the gleaming, 391-foot-tall Class A office building features floor-to-ceiling windows across its 31 stories, reflecting [...]

Virginia 500 Spotlight: JENNIFER WAKEFIELD
Oct 30, 2024

Virginia 500 Spotlight: JENNIFER WAKEFIELD

What I was like in high school: A nerd involved in everything One thing I’d change about Virginia: More marketing dollars at the state level to increase and enhance perception among C-suite executives globally. Sadly, our competitors all outspend and out-market us. Where I see myself 10 years from now: In the same role, crushing […]

Three men wearing blazers while standing in a facility talk.
Oct 29, 2024

Electro-Mechanical launches $16.5M expansion in Washington County

Electro-Mechanical — an electrical equipment manufacturer headquartered in Bristol — will invest $16.55 million to expand in Washington County, Gov. Glenn Youngkin announced Tuesday.  “Electro-Mechanical’s significant expansion in Washington County demonstrates the strength of Southwest Virginia’s manufacturing sector and business climate,” Youngkin stated in a news re[...]

Pharma company invests $1.5M on Prince William expansion
Oct 28, 2024

Pharma company invests $1.5M on Prince William expansion

Pharmaceutical manufacturer Granules Consumer Health, a subsidiary of Granules India, will invest $1.5 million into expanding its operations in Prince William County, Gov. Glenn Youngkin announced Monday.  The company plans to install new manufacturing lines at its existing Manassas facility, with an aim of creating nearly 100 new jobs.  “Granules’ decision to expand their operations [&h[...]

Oct 15, 2024

Dairy products manufacturer to expand in Augusta

Shamrock Farms, an Arizona-based dairy products manufacturer, will invest $59 million to expand its Augusta County manufacturing operation, Gov. Glenn Youngkin announced Tuesday. Shamrock Farms expects to create 28 jobs through the expansion, which will add 81,000 square feet to the manufacturer’s 250,000-square-foot facility in Mill Place Commerce Park. The company opened its Augusta facili[...]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.