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Henrico insurer to create 72 jobs in $6.2M expansion
Henrico County-based insurance company Berkley Insurance Co. will invest $6.2 million to expand its office in the county’s Innsbrook area, with plans to create 72 jobs, Gov. Glenn Youngkin announced Thursday. A subsidiary of Connecticut-based Fortune 500 company W. R. Berkley Corp., the firm will lease an additional 8,920 square feet of office space from […]
Big deals
CENTRAL VIRGINIA Appomattox: In November 2022, Virginia MetalFab, a precision sheet metal fabricator, moved from Nelson County’s Gladstone area to nearby Appomattox, where it’s leasing the former Thomasville Furniture plant, which shuttered in 2011. Founded in 2002, Virginia MetalFab manufactures metal parts and assemblies for industries ranging from utilities to transportation and technology.[...]
Betting on success
Thousands of new jobs are flowing into Southern Virginia as Caesars Virginia prepares to open its permanent casino resort next year, and industries move into the region or expand. Meanwhile, local economic developers have been pitching the vacant 3,500-acre Southern Virginia Megasite at Berry Hill for megaprojects like electric vehicle assembly and battery manufacturing plants […]
Chesapeake studying Greenbrier’s future
What’s the path ahead for Chesapeake’s Greenbrier community, a 12-square-mile area known as the city’s economic powerhouse? Consultants have been meeting with city departments, the business community and the public since January to craft a plan guiding Greenbrier’s future development. They also posted a survey on Chesapeake’s website that garnered about 1,640 responses by July […]
Va. edges up to No. 2 in CNBC poll
Cited once more for its educational prowess, Virginia moved from third place last year to second place this year in CNBC’s annual Top States for Business rankings. Our neighbor to the south, North Carolina, won the top spot for a second year in a row. “Virginia is our most decorated state, a five-time winner,” the […]
Developer rejuvenates Colonial Beach
Richmond developer Duke Dodson fondly remembers spending summer days as a child at Colonial Beach, a Northern Neck beach town bordering Maryland on the Potomac River. So, when the town listed 12 parcels of land for sale in 2020, he jumped at the opportunity. “My grandparents went to Colonial Beach back in the day to […]
Richmond casino returning to Nov. ballots
It wasn’t exactly a surprise, but the Virginia Lottery and the Richmond Circuit Court have approved Richmond’s do-over casino referendum to appear on ballots this fall. “I am excited to see the Virginia Lottery and the Richmond Circuit Court approve the referendum for a Richmond destination resort and entertainment venue that will provide 1,300 good-paying […]
Plans revealed for second Buc-ee’s Va. location
Buc-ee’s appears to be planning its second Virginia location, this time along Interstate 81 in Rockingham County near Mt. Crawford. According to a post on the county’s Facebook page, Buc-ee’s, the Texas-sized travel center chain, has applied for a special use permit for review and approval of a proposed sign plan. The Texas-based retailer is […]
Nanotech company to invest $2.9M in C-ville expansion
Laser Thermal, a nanotechnology company spun out of the University of Virginia, will spend $2.9 million and add 28 jobs at its manufacturing, research and development facility in Charlottesville, Gov. Glenn Youngkin announced Monday. The company provides testing services to companies wanting to understand thermal properties at the device level, such as semiconductor companies seeking […]
Rail equipment manufacturer to expand in Salem
Wabtec Corp. is investing $2.7 million to expand its existing facility in Salem, adding 38 jobs, Gov. Glenn Youngkin announced Wednesday. Headquartered in Pittsburgh, Wabtec provides equipment, systems, digital solutions and other services for freight and transit rail globally. The expansion will accommodate the relocation of its pneumatically controlled braking systems manufacturing lines within [...]
Va. semiconductor alliance powers forward
Virginia’s initiative to become a bigger part of the country’s burgeoning semiconductor chip industry charged forward Tuesday with the public launch of an alliance intended to unite academia and businesses in developing talent and establishing manufacturing and research facilities. Announced in April by Gov. Glenn Youngkin, the Virginia Alliance for Semiconductor Technology, or VAST, l[...]
Richmond riverfront amphitheater gets green light
Construction could begin this summer on a $30 million, 7,500-person amphitheater overlooking the James River. On June 12, Richmond City Council approved a 20-year performance grant that gives Red Light Ventures LLC the green light to build its proposed amphitheater on four acres of land it will rent from NewMarket Corp. behind the American Civil […]
