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Biomass company to expand in Wythe County
Musser Biomass and Wood Products will invest $7.5 million to expand operations in Wythe County and add 10 jobs, Gov. Glenn Youngkin announced Wednesday afternoon. The company, a division of Musser Lumber Co., will more than double production of dried hardwood chips and sawdust that the company supplies to composite decking manufacturers, plastic extrusion companies, […]
Zim announces $30M expansion
Zim American Integrated Shipping Services Co. LLC will invest $30 million to expand its U.S. headquarters in Virginia Beach, creating several hundred jobs over the next five years, Gov. Glenn Youngkin announced Tuesday. The expansion includes a move from Norfolk, where the company has had its U.S. headquarters since 2001. Zim is a publicly-held subsidiary […]
Buc-ee’s to open in New Kent by 2025
It’s official. Buc-ee’s, the Texas-size travel center chain, completed its purchase of property in New Kent County and will open its first Virginia location in the next two years, with three more slated across the state, S.L. Nusbaum Realty Co. said in a news release. A groundbreaking date for the New Kent site has not […]
Richmond riverfront amphitheater gets green light
Red Light Ventures LLC’s $30 million, 7,500-person riverfront amphitheater received a green light Monday from Richmond City Council, which approved a performance grant that paves the way for construction of the proposed music and performance venue to start as soon as this summer. With plans to host up to 35 major acts annually, Red Light […]
Norfolk eyes $18M purchase of MacArthur Center mall
Read update: Norfolk City Council votes to buy mall Norfolk City Council will discuss acquiring the struggling downtown MacArthur Center mall for $18 million during a special meeting Wednesday. MacArthur Center is owned by Wells Fargo & Co., which holds the mall following a loan default by the mall’s previous owner, Connecticut-based Starwood Property Trust. […]
Maryland brewery plans expansion to Fauquier
Silver Spring, Maryland-based Silver Branch Brewing Co. will invest $3 million to open a location in Fauquier County, adding 38 jobs, Gov. Glenn Youngkin announced Monday. The expansion is the second location for the brewery, which is growing its production. Virginia competed with Maryland for the project. “Silver Branch Brewing Co.’s expansion into Virginia is […]
James City County farmland sells for $12M
A Houston-based industrial real estate company has purchased a 328-acre former farm in James City County for $12 million with plans to develop facilities for manufacturers, importers and warehousing and distribution companies. Cushman & Wakefield | Thalhimer and sales partners Berkshire Hathaway HomeServices RW Towne Realty announced the sale of The Enterprise Center at Hazelwood […]
Shenandoah Valley Partnership launches capital campaign
Shenandoah Valley Partnership (SVP) is raising $1.7 million through its first capital campaign, Forward2028, to fund a five-year plan aimed at business and workforce attraction and retention. The region’s manufacturing sector alone has 3,100 job openings due to older workers retiring and companies ramping up production, says Jay Langston, executive director of the economic development [&hell[...]
Richmond City Council approves Diamond District
Richmond City Council voted unanimously May 8 to approve the $2.44 billion Diamond District project, which includes a replacement for the aging stadium that’s home to the Double-A Richmond Flying Squirrels baseball team. The Diamond District’s first phase, expected to cost $627.6 million, includes a 9,000-capacity, $90 million-plus baseball stadium and a hotel with at […]
Va. Beach economic development director to depart
Taylor V. Adams, Virginia Beach‘s deputy city manager and director of economic development, confirmed Tuesday night he will be leaving Virginia Beach after eight years. He will become the next president and CEO of the Economic Development Authority of Western Nevada (EDAWN), he said Wednesday. His last day is June 30. Last summer, Adams was […]
Auto parts manufacturer to expand in Emporia
Heyco Werk USA Inc., a subsidiary of Germany-based automotive parts manufacturer Heyco Group, plans to invest $5.4 million to expand its operations in Greenville County, adding 21 jobs, Gov. Glenn Youngkin announced Thursday. The location produces precision plastic molder parts for the auto industry and other industrial markets. Heyco Werk USA produces products for all […]
Amazon begins HQ2 move-in
Amazon.com Inc. is moving more than 8,000 employees into the first phase of HQ2, its $2.5 billion East Coast headquarters in Arlington’s emerging National Landing area, this week. The e-tailer plans to officially open HQ2’s first phase, Metropolitan Park (Met Park), in June and to complete its move-in by the end of the summer. However, […]
