Please ensure Javascript is enabled for purposes of website accessibility

economic development

Globalinx to add new subsea cable landing site in Va. Beach
May 9, 2022

Globalinx to add new subsea cable landing site in Va. Beach

Virginia Beach will have four more subsea bore pipes in Sandbridge by the third quarter of 2023, infrastructure that will allow more high-speed subsea cables connecting Virginia to Europe, Asia, the Caribbean and the Americas, the city announced Friday. Virginia Beach-based Globalinx Subsea Colocation provides colocation space for MAREA, BRUSA and DUNANT high-speed subsea telecommunication [&helli[...]

Lambert’s Point Docks in Norfolk to become $100M maritime center
May 5, 2022

Lambert’s Point Docks in Norfolk to become $100M maritime center

In a deal predicted to bring more than 500 jobs and over $100 million in capital investment, the Lambert’s Point Docks property in Norfolk will become a maritime operations and logistics center to support local offshore wind, defense and transportation industries. The land, owned by Norfolk Southern Railway Co., has been leased by Virginia Beach-based […]

Jason El Koubi was named president and CEO of the Virginia Economic Development Partnership in March. Photo by Matthew R.O. Brown
Apr 28, 2022

Rainmaker-in-chief 

On Aug. 29, 2005, Jason El Koubi’s first day as research and policy director for Louisiana’s Baton Rouge regional chamber of commerce, Hurricane Katrina slammed into the state, resetting El Koubi’s and the state’s trajectory. It was a fast lesson in crisis management, but also one in economic transformation. That job was among his first […]

The Virginia Aquarium & Marine Science Center is one of the many Virginia Beach attractions helping to drive the city’s $1.4 billion annual tourism industry. Photo by Mark Rhodes
Apr 28, 2022

A diversified portfolio

In a city where tourism reigns, nothing could be more welcome than a post-pandemic world. And though we’re not quite there yet, Virginia Beach is licking its chops over the prospect of maskless visitors pouring into town. The city, with fingers crossed in hopes that new coronavirus variants don’t arrive before the tourists do, is […]

Smyth County Administrator Shawn Utt is working with Bland and Washington counties to develop an industrial park. Photo by Earl Neikirk
Apr 28, 2022

Counties collaborating on industrial park

In the coming months, the rubble of a demolished furniture factory on a roughly 70-acre property in Chilhowie will be hauled away to make room for an industrial park. Smyth County is teaming up with Bland and Washington counties, forming the Pathway Regional Industrial Facilities Authority to create Pathway Park, which will feature rail service […]

Default Alt Text
Apr 28, 2022

Sound investments

Let’s simply call it a magazine publisher’s reality check. When news reports of supply chain disruptions and record backups at West Coast ports began to appear last year, I immediately thought, “What’s going on at the Port of Virginia?” When I leave downtown Norfolk, it is almost always via the Midtown Tunnel. Emerging from the […]

Caesars Virginia names Danville casino contractor
Apr 25, 2022

Caesars Virginia names Danville casino contractor

Caesars Virginia has named Baltimore-based Whiting-Turner as the general contractor to build its $500 million resort and casino in Danville, Caesars Entertainment announced Monday. The resort will have a 500-guestroom hotel, a casino with more than 1,400 slot machines and table games, a Caesars sportsbook and a World Series of Poker-branded poker room. It will […]

Apr 21, 2022

Richmond tech company to add 30+ jobs

Shockoe, a Richmond-based technology company that builds apps and other tech products for client companies, will expand to create more than 30 jobs, Richmond’s mayor announced Thursday. Headquartered in the Scott’s Addition neighborhood, Shockoe was founded in 2010 by Edwin Huertas and has been featured in the Inc. 5000 list of fastest-growing privately held companies, […]

Google to invest $300M in Va., announces workforce grant
Apr 19, 2022

Google to invest $300M in Va., announces workforce grant

Google will invest $300 million in Virginia in a plan that includes data centers, the technology giant announced Tuesday during a press conference at its Reston office. That’s in addition to a $250,000 grant to Richmond-based nonprofit CodeVA to develop a network of computer science lab schools to expand professional development for teachers, resources for […]

Frederick County insulation facility add-on to create 37 jobs
Apr 13, 2022

Frederick County insulation facility add-on to create 37 jobs

Atlanta-based Kingspan Insulation LLC will invest $27 million to expand its Frederick County operations, a project expected to create 37 jobs, Gov. Glenn Youngkin announced Wednesday. Kingspan Insulation is a division of Kingspan Group that manufactures energy efficiency and moisture management products for residential and commercial construction. The company will add a 155,000-square-foot manufac[...]

Apr 11, 2022

Norfolk cement company to invest $37M in new dome

Norfolk-based Titan America LLC, a producer of heavy building materials, announced last week it will construct a 70,000-ton dome in Chesapeake, a project estimated to cost $37 million. Titan will build the dome to hold bulk storage, adding to its current 35,000-ton capacity at its Roanoke Cement import terminal. According to the company, the expansion […]

DNA lab capacity expansion to bring 70 more jobs to Fairfax
Apr 11, 2022

DNA lab capacity expansion to bring 70 more jobs to Fairfax

Lorton-based forensic DNA testing company Bode Technology will invest $2 million to expand its DNA testing lab capacity in Fairfax County, a project expected to create more than 70 jobs, Gov. Glenn Youngkin announced Monday. The company will reconfigure about 5,000 square feet of its lab and add laboratory benches and robotics to support increased […]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.