Sign In
Free Newsletter
Framatome plans $49.4M expansion, creating 515 jobs
Framatome, a French nuclear power company with its United States headquarters in Lynchburg, will invest $49.4 million to expand, modernize and enhance its facilities, creating an estimated 515 jobs, Gov. Glenn Youngkin announced Thursday. The expansion will meet increased demand for servicing existing nuclear power plants and developing solutions for advanced and small nuclear reactors. […]
Wizards, Capitals plan move to Alexandria in $2B deal
The Washington Capitals and Washington Wizards are planning a move across the Potomac River to a new home in Alexandria in a $2 billion deal that would see the professional sports franchises exit Washington, D.C., by 2028, Virginia Gov. Glenn Youngkin announced early Wednesday. The nonbinding agreement to build a new arena for the Capitals […]
JLARC: GO Virginia’s economic impact positive but undefined
The state’s GO Virginia economic development initiative is likely improving regional collaboration and having positive economic impacts, but those can’t be reliably determined, according to a Joint Legislative Audit and Review Commission report presented Monday. In 2022, JLARC directed staff to review GO Virginia, which the state government created in 2016. GO Virginia provides economi[...]
Timmons tops off $50M HQ in Chesterfield County
Engineering and design firm Timmons Group topped off the last steel beam of its new, $50 million headquarters Friday at Chesterfield County’s Springline at District 60 mixed-use development. The five-story, 150,000-square-foot building is part of the $210 million, 42-acre first phase of the county’s Springline at District 60 development, located on Midlothian Turnpike off Chippenham [&[...]
Site selectors conference coming to Virginia Beach
Area Development magazine will bring its national spring conference for site selection consultants and economic development officials to Hampton Roads. The Area Development Spring Consultants Forum is slated for June 10-12, 2024, at the Marriott Virginia Beach Oceanfront. Devoted to corporate site selection and relocation, the magazine typically holds two consultants’ forums annually in diff[...]
Mining for talent
At the end of October, United Way of Southwest Virginia broke ground on its $25 million project to convert a former Kmart store in Abingdon into a regional workforce development and child care hub. It’s an attempt to address the region‘s workforce shortage, one of the most pressing issues among area employers. “There’s a lot […]
Nation’s first Goodwill-owned supermarket to open in NW Roanoke
Roanoke-based Goodwill Industries of the Valleys broke ground Nov. 14 on Melrose Plaza, a community hub that will be anchored by the nation’s first full-scale, full-service grocery store owned and operated by a Goodwill organization. Slated to open in December 2024 in a Northwest Roanoke food desert, the 25,000-square-foot Market on Melrose is expected to […]
Clean energy development could draw $8.5B in investments
Wise County and neighboring localities may become home to a massive clean energy development that could attract up to $8.25 billion in capital investments, Gov. Glenn Youngkin announced Nov. 1. An agreement between Wise County, the Energy DELTA Lab and Dallas-based Fortune 100 energy company Energy Transfer aims to develop 65,000 acres of former coal […]
Norfolk makes economic development head permanent
The City of Norfolk will keep Sean Washington as its director of economic development permanently after serving as interim director since August 2022, the city announced Tuesday. His appointment was effective Nov. 6. Before serving as interim director, Washington was assistant director from November 2020 through August 2022, but he’d worked in the department since […]
Pittsylvania site is top contender for $100M battery project
Updated 4:15 p.m. Nov. 28 The Southern Virginia Megasite at Berry Hill in Pittsylvania County is the top contender for a lithium-ion battery manufacturing project that could top $1 billion in investments and about 1,500 jobs, according to its CEO. Tennessee-based Microporous, whose legal entity is MP Assets, confirmed early Tuesday that it has been […]
International logistics company to expand in Norfolk
Katoen Natie Norfolk, a subsidiary of Belgian international logistics service provider and port operator Katoen Natie, will invest $59.9 million to expand its Norfolk facility and create an estimated 76 jobs. Katoen Natie Norfolk will add a 450,000-square-foot warehouse and rail yard, and expand its existing rail spur, which will allow more room to load […]
Va. Beach digital solutions company to add 300+ jobs
Virginia Beach-based Doma Technologies, a software company founded in 2000, will invest $3.7 million to expand in the city, adding about 307 jobs in the next three years and bringing its total to about 500 employees, Gov. Glenn Youngkin announced Thursday. The expansion will include a new 69,000-square-foot facility. Doma is currently located along London […]
