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economic development

Feb 15, 2024

Lego delays Chesterfield production start to 2027

Lego Group will begin production at its $1 billion Chesterfield manufacturing facility in 2027, at least a year later than originally planned, the Danish toymaker announced Thursday.  The company also named Preben Elnef as project lead and Gray | Hourigan, a joint venture between Lexington, Kentucky-based Gray and Richmond-based Hourigan, as general contractor.  Billund, Denmark-based […]

Feb 13, 2024

Trident Systems to add 50 jobs in Fairfax

Fairfax-based aerospace defense contractor Trident Systems plans to invest $3.7 million in an expansion of its Fairfax County operation, creating about 50 jobs, Gov. Glenn Youngkin announced Tuesday. Trident Systems, which was acquired by Chantilly-based LightRidge Solutions in July 2023, produces space electronic systems for the Department of Defense, NASA and the intelligence community. The [&he[...]

Feb 11, 2024

Why Alexandria’s new entertainment district is everyone’s business

As lawmakers negotiate the future of a $2 billion deal to build a new entertainment district in Alexandria, leaders across public and private sectors in the D.C.-Maryland-Virginia region are weighing the potential benefits. Without discounting concerns of local residents, I would like to present how this entertainment district will help Northern Virginia’s future growth and […]

Mack Trucks invested $13 million to start production on a new line of medium-duty trucks in Roanoke County last year, hiring 250 workers. Photo courtesy Mack Trucks Inc.
Feb 9, 2024

Mack Trucks will expand Roanoke County facility

North Carolina-based Mack Trucks, a division of Sweden-based Volvo Group, will invest $14.5 million to expand its Roanoke County manufacturing operation, a project expected to create 51 jobs, Gov. Glenn Youngkin announced Friday. Mack Trucks, a medium- and heavy-duty trucks producer, will add 72,000 square feet to its current facility to increase capacity for its […]

Feb 6, 2024

Va. Beach makes economic development head permanent

Charles E. “Chuck” Rigney Sr. has worked in economic development all over Hampton Roads; in Norfolk, Portsmouth and Hampton. Last February, he joined Virginia Beach’s economic development team as a business development administrator and since June 2023, he has been the department’s interim director. Now he’ll keep the job permanently. The city announced his promotion [...]

Feb 5, 2024

Hampton Roads Exec Roundtable adds four board members

The newly formed Hampton Roads Executive Roundtable elected four new board members at its January meeting, the organization announced Monday. William “Bill” Murray, senior vice president of corporate affairs and communication for Richmond-based Dominion Energy; Towuanna Porter Brannon, president of Virginia Peninsula Community College; Matthew Swartz, executive director and chief of st[...]

Gov. Glenn Youngkin presented Kathy Warden, Northrop Grumman's chair, CEO and president, with a Virginia flag. Official Photo by Christian Martinez, Office of Governor Glenn Youngkin.
Feb 2, 2024

Northrop Grumman breaks ground on $200M Waynesboro facility

Falls Church-based Fortune 500 defense contractor Northrop Grumman broke ground Friday on its $200 million-plus facility in Waynesboro. Gov. Glenn Youngkin announced the planned facility, which will hold advanced electronics manufacturing and testing, in November 2023. Northrop Grumman anticipates creating an estimated 300 jobs — varied engineering and manufacturing roles — over the next five [...]

Jan 30, 2024

Trucking company plans $50 million Botetourt facility

Warren, Michigan-based Universal Logistics Holdings is planning a $50 million investment to expand into Botetourt County, a project that is expected to create 45 jobs, the trucking and logistics company announced in early January. The expansion will bolster the company’s heavy truck capabilities in servicing truck assembly operations, according to the company, which plans to […]

Jan 30, 2024

Addiction recovery center set to open in Dickenson County

Kentucky-based Addiction Recovery Care is expanding its addiction recovery services into Virginia. Opening in Dickenson County in early to mid-2024, Wildwood Recovery Center, ARC’s first recovery center in the state, will provide treatment for substance use disorders in a residential program allowing individuals to stay for up to one year. ARC’s mission goes beyond recovery, […]

Jan 30, 2024

NW Harrisonburg sees revival with investment

Northwest Harrisonburg used to be a place to buy a tire. Beyond the 116-year-old City Produce Exchange building, which was converted into lofts in 2006, and the Local Chop & Grill House, which opened in the same building in 2009, there wasn’t much else to draw people to that corner of the city. That’s changing, […]

Jan 30, 2024

McLean mixed-use project, Mars expansion approved

As the third wealthiest community in the U.S., McLean is known for its luxurious mansions and classic suburban feel. That’s starting to change. In June 2021, Fairfax County supervisors adopted a plan, known as the McLean Community Business Center, to redevelop the town’s 230-acre downtown, bounded by Old Dominion Drive and Chain Bridge Road, to […]

Jan 30, 2024

Richmond City Center project awaits city decision

The City of Richmond continues to evaluate four proposals to demolish the shuttered Richmond Coliseum and redevelop the surrounding downtown area — 9.4 acres comprising the City Center Innovation District. In May 2023, the Richmond Economic Development Authority and the Greater Richmond Convention Center Authority released renderings from four developer groups — Capstone Development, City [&he[...]

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