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Petersburg casino competitors roll out details
More details have rolled in about the five Petersburg casino contenders, all of whom presented their plans during a town hall Sunday at the Petersburg Public Library. Hosted by state Sen. Lashresce Aird, D-Petersburg, the town hall saw officials representing Bally’s, Cordish Cos., Penn Entertainment, Rush Street Gaming and The Warrenton Group reveal more details […]
Bruce Smith teams with Cordish on Petersburg casino plan
Virginia Beach developer and NFL Hall of Famer Bruce Smith is vying for the chance to develop a casino in Petersburg and has joined forces with Cordish Cos., the Baltimore-based entertainment company that has already made inroads in Virginia. There’s just one obstacle facing Smith and other prospective developers, including Bally’s, Penn Entertainment, Rush Street Gaming […]
Slow and steady
The Lynchburg region has seen the slowest job growth of any metro area in Virginia over the past three years, according to economic analyses, and it typically has a higher unemployment rate than the state average. But there’s more to the story, some officials say. For instance, the Lynchburg region saw 23 inquiries from economic […]
Radford Hub aims to connect students, biz community
For The Hub at Radford, location is everything. The new economic development support center, which opened in October 2023, is just across the street from Radford University in downtown Radford. “Our location … is symbolic to the vital role we play as an anchor institution and as a strong contributor to the well-being of the […]
Franklin County names economic development director
Roanoke County’s assistant director for economic development, Danielle Poe, will start her new job as director of economic development for Franklin County on April 15. Since joining Roanoke County in 2022, Poe has been responsible for real estate development, business retention and expansion and key community partnerships, Franklin County said in a statement. She succeeds […]
Va. Beach economic developer to lead Va. Beach Vision
Laura Hayes Chalk is leaving Virginia Beach’s economic development department to become the executive director of Virginia Beach Vision, a business advocacy group in Virginia Beach, Virginia Beach Vision announced Tuesday. Chalk, who will start July 10, succeeds Martha McClees, who announced her retirement in November 2023. Virginia Beach’s deputy director of economic development, Chal[...]
Tucker Door & Trim enters Va. with $10M Henrico plant
Tucker Door & Trim, a Georgia-based distributor and manufacturer of doors, windows and specialty millwork for the construction industry, will soon open its first facility in Virginia, creating 50 jobs, Gov. Glenn Youngkin announced Wednesday. Tucker Door & Trim will invest $10 million in a Henrico County manufacturing and assembly facility for fiberboard and fiberglass […]
Food storage company to invest $77.5M in Suffolk facility
New Jersey-based cold and dry storage services provider FreezPak Logistics will invest $77.5 million to build a Suffolk facility, a project expected to create 80 jobs, Gov. Glenn Youngkin announced Thursday. FreezPak will build a 245,000-square-foot cold storage facility in Suffolk to serve the mid-Atlantic region. The 80 new jobs will be in warehouse operations […]
Modine will invest $18.1M in Rockbridge County expansion
Modine Manufacturing, a manufacturer of cooling equipment for data centers, will invest $18.1 million to expand its Rockbridge County operation, creating an estimated 211 jobs, Gov. Glenn Youngkin announced Tuesday. Wisconsin-based Modine, which builds thermal management systems and components, saw $2.3 billion in net sales in fiscal year 2023, a 12% increase over the previous […]
Northern Va. Big Deal: Safari in Spotsy
A high school marching band, a giant seafood boil and an enthusiastic crowd of about 200 people helped celebrate the Oct. 20, 2023, groundbreaking for the $900 million, 1.38 million-square-foot Kalahari Resort in Spotsylvania County. The fifth African-themed resort from the privately owned, Wisconsin-based Kalahari Resorts & Conventions, the sprawling tourism and events destination is planned[...]
Shenandoah Valley Big Deal: Advance guard
Northrop Grumman’s $200 million investment to establish an advanced electronics manufacturing and testing facility in Waynesboro paves the way for long-term growth for the Shenandoah Valley, local officials hope. “It is a huge win for us,” says Jay Langston, executive director of the Shenandoah Valley Partnership. “If Northrop Grumman puts faith in our footprint, that […]
Roanoke/New River Year-in-Review: Meeting the demand
The Roanoke and New River Valley regions each had their most successful economic development year in recent history, according to John Hull, executive director of the Roanoke Regional Partnership. That’s thanks to $387 million worth of economic investments announced in 2023, potentially creating thousands of jobs. Roanoke County landed the biggest fish, with Wells Fargo […]
