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Virginia ranks 3rd in CNBC’s Top States for Business
After two consecutive years at the top, Virginia slipped to third place in CNBC’s 2022 America’s Top States for Business rankings, the business news channel announced Wednesday morning. North Carolina achieved the coveted No. 1 ranking this year. “A great education system is building a smart workforce,” CNBC said about Virginia this year. “But migration […]
First Va. casino opens in Bristol
Virginia’s first casino, the Hard Rock Hotel & Casino Bristol, held the grand opening for its temporary casino space Friday. “We are excited to open the temporary casino in Bristol,” Hard Rock International Inc. Chief Operating Officer Jon Lucas said in a statement. “Hard Rock’s rich and storied music legacy is a perfect fit for Bristol, […]
Va. receives $22.7M to reclaim abandoned mine lands
The Virginia Department of Energy will receive $22.7 million in federal funding toward redeveloping abandoned mine lands across the commonwealth, Gov. Glenn Youngkin announced Wednesday. The funding is aimed at redeveloping the sites so that they can be used to attract new development and job opportunities to the region. Handled through Virginia’s Abandoned Mine Lands […]
Silver lining
As the long-delayed phase two opening of Metro’s Silver Line extension is set for later this year in western Fairfax and Loudoun counties, a development boom is following on the train’s wheels. Reston and Herndon, as well as eastern Loudoun, have already attracted big corporate tenants to millions of square feet of office space, retail […]
Need a job? Fairfax wants you
In the past two years, despite the pandemic, the Fairfax County Economic Development Authority attracted more than 5,000 people to eight career fairs. The website for the workforce initiative — workinnorthernvirginia.com — lists jobs, internships and training opportunities from more than 500 companies and is getting 45,000-plus views per month, the EDA says. “We’re really […]
Raytheon moving global HQ to Arlington
Raytheon Technologies Corp. announced June 7 that it will relocate its global headquarters from Massachusetts to Arlington in the third quarter of this year, a move that will make four of the top five U.S.-based aerospace and defense contractors headquartered in Virginia. Raytheon is the second-largest defense company in the world, just below Bethesda, Maryland-based […]
South Boston hotel springs back to life
A steady stream of developers considered purchasing South Boston’s long-shuttered John Randolph Hotel during the past decade, but none sealed the deal until Julian and Karie Brittano toured the downtown property last fall. This spring, the couple’s High Point, North Carolina-based firm, The Brittano Group Inc., and its subsidiary, The Rook Hotels, entered into a […]
FOR THE RECORD
Central Virginia The state’s fiscal 2023-24 budget, approved June 1, contains funding that will benefit future redevelopment of the Central Virginia Training Center site in Madison Heights. Republican Sen. Steve Newman requested $25 million in state money to annul outstanding bonds associated with CVTC, a former state facility for people with intellectual disabilities that closed […[...]
Incubator offers foothold for international firms
Minimal risk, long-term success. Chorus Intelligence Ltd., a British software company that sells products and services for law enforcement investigations, had these goals in mind when it set its sights on the U.S. sales market. With the help of a new Virginia Beach incubator focused on supporting international businesses, Chorus is gaining a foothold in […]
Coffee roaster to invest $29M to expand Suffolk facility
Massimo Zanetti Beverage USA, the North American operating unit of the Italian coffee roaster Zanetti Beverage Group, will invest $29.1 million to consolidate and expand operations at its Suffolk roasting facility, a project expected to create 79 jobs, Gov. Glenn Youngkin announced Monday. “Massimo Zanetti Beverage USA’s continued expansion in Virginia speaks volumes about the […]
Hanley Energy to add 343 jobs in Ashburn
Irish energy management company Hanley Energy will invest $8 million to expand its Hanley Energy Electrical division in Loudoun County, a project expected to create 343 jobs, Gov. Glenn Youngkin announced Thursday. Hanley Energy will open a facility at 44381 Russell Branch Parkway to serve the data center market in Ashburn with equipment installation and […]
Va. Beach economic development director is finalist for Oregon job
Virginia Beach Deputy City Manager and Director of Economic Development Taylor Adams is one of three finalists to be the next city manager in Salem, Oregon. Adams has worked for the city of Virginia Beach since 2015 and became deputy city manager in 2021. He heads up the city’s economic development department, and also has […]
