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economic development

Several electronic products
Nov 1, 2024

Avionics manufacturer will invest $5M on Reston office and R&D facility

CMC Electronics, a Montreal-based avionics manufacturer, will invest $5 million to establish an office and research and development facility in Reston, Gov. Glenn Youngkin announced Friday. Initially, the project will create 89 jobs, with more positions expected as operations increase, according to the governor’s office. “This creation of new high-tech jobs demonstrates the strength of [&helli[...]

Oct 31, 2024

All in good time

For decades, the promise of economic revitalization has tantalized Southwest Virginia. The sparsely populated region, once home to booming coal mining and tobacco industries, has had money and resources thrown at it by local, state and federal governments, but it’s still had a difficult time finding its footing. As the region’s economy has declined, so […]

Oct 31, 2024

Virginia is for HQs

When CoStar Group was searching for its new headquarters in 2022, Central Place Tower at 1201 Wilson Blvd. in Arlington County, with its impressive accompanying bird’s-eye views, captured the company’s attention.  Located about a quarter mile from the Potomac River, the gleaming, 391-foot-tall Class A office building features floor-to-ceiling windows across its 31 stories, reflecting [&he[...]

Oct 30, 2024

Virginia 500 Spotlight: JENNIFER WAKEFIELD

What I was like in high school: A nerd involved in everything One thing I’d change about Virginia: More marketing dollars at the state level to increase and enhance perception among C-suite executives globally. Sadly, our competitors all outspend and out-market us. Where I see myself 10 years from now: In the same role, crushing […]

Three men wearing blazers while standing in a facility talk.
Oct 29, 2024

Electro-Mechanical launches $16.5M expansion in Washington County

Electro-Mechanical — an electrical equipment manufacturer headquartered in Bristol — will invest $16.55 million to expand in Washington County, Gov. Glenn Youngkin announced Tuesday.  “Electro-Mechanical’s significant expansion in Washington County demonstrates the strength of Southwest Virginia’s manufacturing sector and business climate,” Youngkin stated in a news releas[...]

Oct 28, 2024

Pharma company invests $1.5M on Prince William expansion

Pharmaceutical manufacturer Granules Consumer Health, a subsidiary of Granules India, will invest $1.5 million into expanding its operations in Prince William County, Gov. Glenn Youngkin announced Monday.  The company plans to install new manufacturing lines at its existing Manassas facility, with an aim of creating nearly 100 new jobs.  “Granules’ decision to expand their operations [&h[...]

Oct 15, 2024

Dairy products manufacturer to expand in Augusta

Shamrock Farms, an Arizona-based dairy products manufacturer, will invest $59 million to expand its Augusta County manufacturing operation, Gov. Glenn Youngkin announced Tuesday. Shamrock Farms expects to create 28 jobs through the expansion, which will add 81,000 square feet to the manufacturer’s 250,000-square-foot facility in Mill Place Commerce Park. The company opened its Augusta facility [[...]

Oct 15, 2024

Norfolk casino groundbreaking set for Oct. 30

Groundbreaking for Norfolk’s forthcoming casino is set to take place Oct. 30, according to a news release Tuesday. The announcement of the event, which is slated to feature remarks by the CEO of Boyd Gaming, the Pamunkey Indian Tribe’s chief and Norfolk’s mayor, comes after the Norfolk City Council approved the project last month after […]

Oct 11, 2024

Marble Systems to build facility in Caroline County

A Fairfax County-based stone products manufacturer and distributor, Marble Systems, will invest $9.7 million on a warehouse and distribution center in Caroline County, creating an estimated 59 jobs, Gov. Glenn Youngkin announced Friday. Virginia competed with South Carolina, New Jersey and Georgia for the project, which will also include cut stone and stone product manufacturing […]

Oct 11, 2024

Currie Medical to expand in Norfolk

Currie Medical, a medical device manufacturer, plans to invest $1.22 million to expand its operations in Norfolk, creating an estimated 60 jobs, the governor’s office announced Friday. Based in Franklin, Tennessee, Currie Medical will lease a 30,000-square-foot building at 3701 E. Virginia Beach Blvd. in Norfolk, where it will house its medical device reprocessing operation […]

Oct 2, 2024

Afton Scientific announces $200M Albemarle expansion

Afton Scientific, a manufacturer of sterile injectable pharmaceuticals, plans to invest over $200 million to expand its manufacturing facility in Albemarle County, Gov. Glenn Youngkin announced Wednesday. The expansion is projected to create more than 200 jobs. Founded by Thomas Thorpe in Charlottesville in 1991, Afton Scientific is a contract development and manufacturing organization (CMDO), [&h[...]

Sep 29, 2024

EO opens workforce development hub in Abingdon

A former Kmart in Abingdon is now home to a workforce development and child care hub launched by EO, a nonprofit that spun off from the United Way of Southwest Virginia to oversee workforce development programs. EO received the certificate of occupancy for the 87,000-square-foot Regional Workforce and Child Development Hub and began moving employees […]

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