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economic development

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business
May 8, 2025

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 jobs and expanding its U.S. logistics and distribution network.

A rendering of The Landing Hotel Portsmouth. Image Courtesy KOO Architecture & Interiors of Chicago and Rush Street Gaming
May 5, 2025

Rivers Casino Portsmouth to add $65M hotel

Rivers Casino Portsmouth and Rush Street Gaming are planning to break ground on a $65 million hotel in Portsmouth this summer, more than two years after the casino first opened.

Out and About
Apr 30, 2025

Out and About May 2025

From biotech labs to NASCAR partnerships, Virginia celebrates its workforce, innovation, and new milestones in education, healthcare, and hospitality.

Amherst county boosts industrial growth with new shell building
Apr 30, 2025

Amherst county boosts industrial growth with new shell building

Amherst County unveils a 45,000-square-foot shell building and prepares new industrial sites to drive future economic growth and attract manufacturers.

Chesterfield County leads Virginia in population growth
Apr 30, 2025

Chesterfield County leads Virginia in population growth

Chesterfield County tops Virginia in population growth, fueled by new housing, remote workers, and major employers like Lego seeking a strong workforce.

State funding to help revitalize Hampton Roads port properties
Apr 30, 2025

State funding to help revitalize Hampton Roads port properties

Virginia awards $2.4M to support seafood market, shipyard repairs, and new rail facility in Newport News, Norfolk and Portsmouth port communities.

Map courtesy Henry County
Apr 29, 2025

Henry County eyes $1.2M sale of 1,200-acre industrial site

Henry County's IDA has signed a deal offering a company the option to buy a 1,200-acre industrial site near Patriot Centre for $1.2M, boosting job prospects.

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Apr 21, 2025

Largest industrial building in Richmond market holds groundbreaking

A massive 846,260 square-foot spec industrial facility under construction in southern Chesterfield County is expected to be ready for delivery before the end of the year. New York-based real estate developer PNK Group began construction on the building at 1640 Ashton Park Drive during the first quarter of this year and hosted a groundbreaking ceremony […]

A man wearing a suit and tie speaks at a lectern placed in front of a bulldozer.
Apr 16, 2025

Campbell breaks ground on $11M shell building

U.S. Rep. John McGuire, R-Goochland, and other officials attended a groundbreaking Tuesday for a 100,000-square-foot industrial building that will be built at Seneca Commerce Park in Rustburg. An $11 million project, the building is the largest initiative undertaken by Campbell County’s Economic Development Department in over a decade, according to the county. The building, which […]

Map
Apr 15, 2025

Developer withdraws unpopular Pittsylvania data centers proposal

After months of Pittsylvania County residents and business owners speaking against an $8.85 billion data center campus and natural gas power plant proposed for land along Chalk Level Road, the developer announced Monday that it has withdrawn its rezoning application “The company is now evaluating alternative development options for the property in addition to the […]

A map of VGR's region showing the incorporation of Emporia, Greensville and Brunswick. Image courtesy Virginia's Gateway Region
Apr 11, 2025

Virginia’s Gateway Region adds three localities to footprint

Virginia’s Gateway Region Economic Development Organization announced Thursday that its board of directors voted three additional Virginia localities — the city of Emporia, along with Greensville and Brunswick counties — into its geographic footprint. Based in Colonial Heights, the VGR is a private nonprofit economic development organization that works closely with the Virginia Economic [...]

Virginia Gov. Glenn Youngkin, state Secretary of Commerce and Trade Caren Merrick and Microporous CEO John Reeves were among officials participating in a Nov. 13, 2024, ceremonial groundbreaking for Microporous' lithium-ion battery plant at the Southern Virginia Megasite at Berry Hill in Pittsylvania County.
Apr 4, 2025

Warner worried about Microporous $100M grant

U.S. Sen. Mark Warner, Virginia’s senior Democratic senator, is worried about the possibility of the Trump administration clawing back a $100 million federal grant awarded by the U.S. Department of Energy (DOE) to Microporous, the Tennessee company planning to invest $1.3 billion to build a lithium-ion battery separator facility at the Southern Virginia Megasite at […]

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