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Innovation, capital key to rural growth, Barkin and Warner say
There’s hope for economic growth in rural areas despite their challenges, Federal Reserve Bank of Richmond President and CEO Tom Barkin and U.S. Sen. Mark Warner said Wednesday during the Fed’s 2023 Investing in Rural America conference in Roanoke. Rural areas could overcome economic development challenges, particularly housing shortages and lack of broadband access, with innovation, [...]
German manufacturer to add 100+ jobs in Chesterfield
Germany-based Weidmüller Group will invest $16.4 million to expand its operations in Chesterfield County, creating more than 100 full-time jobs, Gov. Glenn Youngkin announced Tuesday. Weidmüller Group provides smart industrial connectivity products and solutions that connect and automate electrical power and signaling for components, machines and installations worldwide. It will increase its eng[...]
Wheels rolling on Henrico arena
Plans for a 17,000-seat arena in Henrico County are rolling forward, now with an international operator, ASM Global, on board. The centerpiece of the $2.3 billion GreenCity development, the venue is expected to be delivered in the third quarter of 2026. Although the project’s design is being finalized, developers say it will be the nation’s […]
Norfolk airport hotel is ‘desperately needed’
An influx of 200-seat airplanes is bringing record numbers of passengers into Norfolk International Airport, leading officials to fast-track infrastructure upgrades and pursue construction of an airport hotel. There is high demand for on-site lodging, especially among airline crews and travelers taking early morning flights, who often stay at downtown Norfolk hotels, says Norfolk Airport […[...]
Planned Wise EDA will spur downtown growth
Establishing an economic development authority might pave the way for new businesses in the town of Wise, local officials believe. EDAs can provide educational programs and mentoring to entrepreneurs, as well as buy, lease and sell property and administer grants, points out Reagan Walsh, the town’s planner and zoning administrator. “I’ve run into a lot […]
Commonwealth Crossing plays ‘long game’ for success
Commonwealth Crossing Business Centre’s first two tenants — Polish flat-glass processor Press Glass Inc. and Pennsylvania-based aluminum beverage can manufacturer Crown Holdings Inc. — have invested at least $218 million into facilities at the industrial park in Henry County, creating about 400 jobs, according to Mark Heath, president and CEO of the Martinsville-Henry County Economic [&h[...]
Shoring up
Williamsburg, Jamestown and Yorktown are all significant parts of the nation’s foundation, and historic tourism drove the region’s economy during the 20th century. But Colonial Williamsburg hasn’t been enough to keep big crowds coming to the area consistently in the 21st century, even before the pandemic. Visitation dropped from 960,000 in 1999 to 534,000 in […]
Youngkin announces $8.1M in GO Virginia grants
A variety of projects around the state intended to spur economic and workforce development will get a boost from $8.1 million in state GO Virginia grants, Gov. Glenn Youngkin announced Friday. The 17 projects are expected to add hundreds of jobs. Nearly $4.8 million will fund two Virginia Tech projects, including one expected to build […]
Chesterfield County kicks off $210M mixed-use project
Chesterfield County officials began demolition Tuesday of the former Best Products Co. Inc. building in the Spring Rock Green shopping center to clear the way for the $210 million first phase of the Springline at District 60 mixed-use development. The 42-acre first phase of the project, located on Midlothian Turnpike off Chippenham Parkway, includes a […]
German electronics manufacturer to add 100 Va. jobs
Germany-based Zollner Elektronik AG will invest $18 million to expand in Virginia, including boosts to its electronics manufacturing operations in Danville as well at the company’s U.S. headquarters in Leesburg, adding 100 jobs, Gov. Glenn Youngkin announced Wednesday. The expansions include $14 million to expand manufacturing operations in the Danville-Pittsylvania County Regional Industria[...]
River District Association gives leader a title upgrade
Diana L. Schwartz’s title is changing from executive director to CEO of the River District Association, the Danville downtown revitalization association announced Monday. The title more accurately reflects her role, according to an RDA news release. It has shifted from creating and managing programs for the downtown business community to putting greater emphasis on growing […]
Ship repair contractor expanding Norfolk presence
Advanced Integrated Technologies (AIT), a ship repair contractor for the Navy, Coast Guard, Military Sealift Command and U.S. marine, industrial and commercial industries, will invest $500,000 to expand its Norfolk operations and add 76 jobs, Gov. Glenn Youngkin announced Friday. The Norfolk-based company will increase capacity at its location in Norfolk Industrial Park, off Ingleside […]
