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VCU Health paid $72.9M to back out of development
VCU Health paid nearly $73 million to back out of a $325 million development deal earlier this year, according to Dr. Marlon Levy, CEO of the health system and Virginia Commonwealth University’s interim senior vice president for health sciences. The project, known as the Clay Street Project, included plans for a medical office tower and […]
Convenience products distributor to double size in Salem
Layman Distributing, a woman-owned wholesale distributor of convenience and grocery store products, will invest $6.8 million to expand in Salem, adding 42 jobs, Gov. Glenn Youngkin announced Friday. The company will relocate to a facility at 2157 Aspersion Drive, doubling its current square footage and operational capacity. Founded in 1948, the company is currently located […]
Agtech startup to invest $25M in Albemarle expansion
Agricultural biotech startup AgroSpheres will invest $25 million to expand in Albemarle County, creating an estimated 50 jobs, Gov. Glenn Youngkin announced Thursday. The company will increase production at its facility at 1180 Seminole Trail and build a research and development and demonstration facility for new products, which will be a pilot plant for a […]
Lynchburg transformer manufacturer to add 149 jobs
Industrial power equipment manufacturer Delta Star Inc. will invest $30.2 million to expand its manufacturing operation and headquarters in Lynchburg, creating an estimated 149 jobs, Gov. Glenn Youngkin announced Wednesday. The company will add 80,000 square feet of mobile power transformer manufacturing space to its 300,000-square-foot facility located at 3550 Mayflower Drive and will consolidate[...]
Katie Cristol to lead Tysons development nonprofit
Arlington County Board of Supervisors member Katie Cristol will step down early to take a job as the first permanent CEO of the Tysons Community Alliance, the Tysons community development nonprofit announced Tuesday. Cristol will assume the role on July 5, relieving acting CEO Richard Bradley. In October 2022, the Tysons Community Alliance replaced the […]
Henrico insurer to create 100 jobs in HQ expansion
Specialty insurer Richmond National Group Inc. will invest $350,000 to expand its Henrico County headquarters, a move expected to create more than 100 jobs, Gov. Glenn Youngkin announced Tuesday. The company, founded in 2021 as a holding company for Richmond National Insurance Co., will add 7,200 square feet of office space to its roughly 10,000-square-foot […]
Richmond baseball stadium deadlines made public
Updated May 1, 6 p.m. According to a now-public development agreement, design work for Richmond’s new baseball stadium would begin this month and construction would start in August 2024 and finish by December 2025, if all goes to plan. The agreement also requires that the Richmond Flying Squirrels sign a stadium lease by July 1 […]
Baking soda manufacturer to expand in Chesterfield
A New Jersey-based baking soda manufacturer is expanding its Chesterfield County operations — and it won’t require vinegar. Church & Dwight Company Inc. will invest $27 million to expand its Chesterfield County facility at 1851 Touchstone Drive to accommodate a new manufacturing line for a scent-boosting laundry detergent. The effort will create 53 jobs, Gov. […]
Va. Beach uses SITW festival to woo business
It’s not every week that international fashion brand Louis Vuitton creates a pyramid on the sand at Virginia Beach’s Oceanfront. And that kind of buzz that music superstar Pharrell Williams is bringing to his hometown with his Something in the Water this weekend is something the city’s economic development officials are hoping to capitalize on […]
Richmond baseball stadium agreement reached — with year delay
The city of Richmond has reached an agreement with developers RVA Diamond Partners on the $2.44 billion Diamond District development and a new baseball stadium expected to open in spring 2026 — a year later than Major League Baseball’s April 2025 deadline. Now it’s up to MLB to decide whether to grant the city an […]
Va. to establish trade office in Taiwan
Virginia will establish a trade office in Taipei, Taiwan’s capital, Gov. Glenn Youngkin announced Monday morning after meeting with that country’s president, Tsai Ing-wen. Youngkin’s meeting with Taiwan’s president came during the governor’s first international trade mission, during which he will also stop in Seoul, South Korean and Tokyo throughout the remainder of A[...]
Lego breaks ground on $1B Chesterfield facility
The Lego Group broke ground Thursday on its $1 billion Chesterfield County manufacturing facility — launching the Danish toymaker’s first U.S. manufacturing plant and one of Virginia’s biggest economic development projects. The Billund, Denmark-based toy company known for its brightly colored plastic toy bricks and construction sets plans to hire 1,761 people to work at […]
