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economic development

Sep 12, 2024

ATCC expanding presence in Prince William County

Gov. Glenn Youngkin announced Thursday that American Type Culture Collection (ATCC) plans to expand its bioresource center campus in Prince William County, investing $54.7 million and creating an expected 75 jobs. The project will include a new biomanufacturing facility focused on global health. “ATCC is a world-class resource for scientists performing vital research to solve […]

The Henrico Global Business Gateway will be based in the upcoming Gather location at 4101 Cox Road.
Sep 10, 2024

Henrico EDA program will help international businesses get foothold

The Henrico Economic Development Authority is launching a global business gateway program for internationally headquartered companies seeking to establish a presence in the United States. The Henrico Global Business Gateway, which the EDA announced Tuesday, will provide international businesses with office space for up to three staffers each in the upcoming Gather Workspaces coworking location [&h[...]

Sep 5, 2024

Pump, valve manufacturer to expand in Henrico

KSB USA/North America, a Henrico County-based pump and industrial valve supplier, will invest $25 million to more than double the square footage of its facility there, a project expected to create 32 jobs, Gov. Glenn Youngkin announced Thursday. As part of the expansion, KSB will add another loading dock office space and update its shipping […]

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Aug 30, 2024

Virginia 500: The 2024-25 Power List

Who are Virginia’s most powerful and influential leaders in business, government, politics and education this year? Find out in the fifth annual edition of the Virginia 500: The 2024-25 Power List. Read more about how we assembled the Virginia 500 from our editor.  Executives are listed in alphabetical order by industry. Below you will find links […]

Aug 30, 2024

2024 Virginia 500: Economic Development

JONATHAN S. BELCHER EXECUTIVE DIRECTOR AND GENERAL COUNSEL, VIRGINIA COALFIELD ECONOMIC DEVELOPMENT AUTHORITY, LEBANON     JOE BENEVENTO PRESIDENT AND CEO, VIRGINIA INNOVATION PARTNERSHIP CORP., RICHMOND     BARRY DuVAL PRESIDENT AND CEO, VIRGINIA CHAMBER OF COMMERCE, RICHMOND     JASON EL KOUBI PRESIDENT AND CEO, VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP, RICHMOND &n[...]

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Aug 29, 2024

Top Five September 2024

The five most popular daily news stories on VirginiaBusiness.com from July 15 to Aug. 15 included news of Liberty University and Jerry Falwell Jr. resolving their legal disputes. 1   |   Liberty, Falwell Jr. reach global settlement Liberty University and its former president and chancellor, Jerry Falwell Jr., reached a global resolution agreement settling […]

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Aug 29, 2024

Danville whitewater channel plans float forward

Future Olympian kayakers may one day practice their playboating in the Dan River while tourists marvel from shore. In the Virginia budget approved in May, lawmakers included $3 million for the City of Danville to develop the White Mill Whitewater Channel, which is being designed to lure both recreational paddlers and water rescue trainees. The […]

Aug 23, 2024

South Asian yogurt manufacturer to open Frederick County facility

Desi Fresh Foods, a producer of Indian-style spoonable and drinkable yogurt products, is opening a new manufacturing facility in Frederick County, creating 56 jobs, Gov. Glenn Youngkin announced Friday.  The New York-based company will “invest a significant amount of money to open a new manufacturing facility,” according to a news release. Desi Fresh Foods and […]

A black sports car
Aug 22, 2024

Hand-built electric classic sports cars to be built in Danville

RBW Sports & Classics, a United Kingdom manufacturer of hand-built electric vehicles that have designs inspired by British sports cars from the 1960s and 1970s, plans to invest $8 million to establish a manufacturing facility at Cane Creek Centre in Danville, Gov. Glenn Youngkin announced Thursday.  The project is expected to create 144 jobs. Those […]

Aug 5, 2024

Va. tourism generated $33.3B for 2023

Virginia’s tourism industry generated $33.3 billion in visitor spending in 2023, an increase of nearly 10% over 2022, Gov. Glenn Youngkin announced Monday.  “The commonwealth’s record-breaking visitor spending numbers are a testament to our abundance of attractions and unique destinations,” Gov. Youngkin stated in a news release.  Virginia’s tourism industry supported over [...]

Arial shot of a manufacturing plant.
Aug 1, 2024

Solar startup moving into Bedford plant, creating 104 jobs

Solar energy startup Solarix plans to invest $63 million to start a solar module manufacturing facility in eastern Bedford County and create 104 jobs, the company, the Lynchburg Regional Business Alliance and the Bedford County Office of Economic Development announced Thursday.  Solarix, which bills itself as a 100% American-owned, SBA-certified, disabled veteran-owned company headquartered in [&[...]

QTS acquires rezoned Henrico tech park land
Jul 30, 2024

QTS acquires rezoned Henrico tech park land

Henrico County’s Sandston area could soon see more data center facilities after the county’s board of supervisors voted in May to rezone a 622-acre site for the planned White Oak Technology Park II. Developer Hourigan shepherded the land, now owned by Kansas-based QTS Data Centers, through its rezoning to light industrial. “It is a fabulous […]

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