Please ensure Javascript is enabled for purposes of website accessibility

economic development

Broadband aid
Jul 30, 2024

Broadband aid

A couple of Holstein cows poke their heads through the metal gates of the barn as Mark Sowers fiddles with one of his most important pieces of farm equipment — a smartphone. Sowers opens an app on his phone that gives him real-time information from the nearly 300 milking cows that roam Huckleberry Dairy, the […]

Amazing race
Jul 30, 2024

Amazing race

Virginia is reaping thousands of jobs and huge tax revenues as Amazon.com revamps its U.S. delivery network. The e-commerce giant is opening major distribution centers and sorting facilities across the commonwealth as part of its nationwide strategy to get goods to consumers faster and stay one step ahead of competitors like Walmart and Target that […]

Military Circle plans shift in new direction
Jul 30, 2024

Military Circle plans shift in new direction

The fate of Norfolk’s closed Military Circle Mall has yet to be determined, but city officials are considering how the property could leverage sports tourism and offer retail and housing options. The city bought the 54-year-old, long-declining mall building and the surrounding 73 acres in 2020 for $11 million. As Norfolk seeks to repurpose the […]

Caesars Virginia — a work in progress
Jul 30, 2024

Caesars Virginia — a work in progress

Lots can change over three years and eight months. Back in September 2020, Danville, its industrial development authority and Nevada-based Caesars Entertainment signed a development agreement naming Caesars the city’s preferred gaming operator and outlining the parties’ obligations. Back then, Caesars budgeted $400 million to build its Caesars Virginia resort casino on the Schoolfield [...]

Va. lands back on top in CNBC survey
Jul 30, 2024

Va. lands back on top in CNBC survey

After downplaying his Democratic predecessor’s consecutive wins in CNBC’s America’s Top States for Business study, Gov. Glenn Youngkin found himself as Virginia’s top cheerleader on CNBC July 11, playing the commonwealth regained its crown as No. 1. With this year’s win, the state has been named the nation’s top state for business a record six […]

Catch a wave
Jul 26, 2024

Virginia Beach economic development director resigns

Charles E. “Chuck” Rigney resigned Wednesday from his post as Virginia Beach’s economic development director, city spokesperson Ali Weatherton-Shook confirmed Friday, following a report by The Virginian-Pilot.  Rigney had held the position officially for six months after serving as interim director for about eight months following the departure of the department’s former head, Tay[...]

Diamond District rendering. Courtesy City of Richmond
Jul 24, 2024

Connecticut firm sues former Diamond District partners for $40M

A Connecticut-based developer, Republic Projects, has filed a $40 million lawsuit against its former partners in Richmond’s $2.44 billion Diamond District project, a city-backed mixed-use development that includes a replacement for the 40-year-old Diamond baseball stadium. Republic Projects, the plaintiff in the lawsuit filed July 19 in Richmond Circuit Court, claims that Richmond-based Thal[...]

Aerial view of property noting U.S. 29 and a building site.
Jul 19, 2024

Campbell County moves forward on spec industrial building

Campbell County is moving forward with plans to build a $11 million, 100,000-square-foot spec industrial building at Seneca Commerce Park in Rustburg, the county announced on Tuesday. It’s the largest project the county’s economic development department has tackled in a decade, according to a news release. The work will include clearing, grading and site preparation […]

Virginia Gov. Glenn Youngkin speaks on CNBC July 11, 2024, as Virginia is ranked the nation's top state for business for a record sixth time.
Jul 11, 2024

Virginia is CNBC’s Top State for Business for record sixth time

Virginia regained its crown as the No. 1 state in CNBC’s annual America’s Top States for Business rankings released Thursday, winning the top spot for a record sixth time. The cable business news network once again praised Virginia for having “the nation’s best education system and policies that give companies room — both literally and […]

Homestead Creamery ice cream products. Photo courtesy Homestead Creamery website
Jul 10, 2024

Homestead Creamery to expand Franklin County facility

Dairy products maker Homestead Creamery will carry out a $2.5 million renovation and expansion of its Franklin County production facility, Gov. Glenn Youngkin announced Wednesday. The company will build a new ice cream production room and install additional production and refrigeration equipment and freezers. The expansion is in response to growing customer demand for the […]

Rendering of the LS GreenLink subsea cable production facility in Chesapeake. Image courtesy LS Cable
Jul 9, 2024

$681M subsea cable plant coming to Chesapeake

A U.S. subsidiary of a South Korean cable manufacturer plans to build a $681 million subsea cable manufacturing plant in Chesapeake, the company announced Tuesday. The project is expected to create 338 jobs. LS GreenLink USA’s Chesapeake subsea cable factory will be built at the Deep Water Terminal Site in Chesapeake, a 96-acre property located […]

Simmons Equipment announces $8.5M expansion into Russell County
Jul 8, 2024

Simmons Equipment announces $8.5M expansion into Russell County

Simmons Equipment, a specialty mining equipment manufacturer based in Tazewell County, plans to expand into neighboring Russell County, Gov. Glenn Youngkin announced Monday. The company expects to invest $8.5 million into converting two buildings in Lebanon, an investment set to create 75 jobs, the governor’s office said. Founded in Tazewell in 2005, Simmons produces soft […]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.