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economic development

Executive insights
May 19, 2022

Gilbert Bland to receive Civic Leadership Institute award

Urban League of Hampton Roads President and CEO Gilbert T. Bland will receive the Civic Leadership Institute’s 2022 Individual Darden Award, the Norfolk-based nonprofit organization announced Thursday. “Over the last three decades, I have joined with many to build upon the efforts of countless, often unsung, past leaders to help improve the lives and build […]

May 17, 2022

Bioscience firm to create 70 jobs in Prince William

Manassas-based Virongy Biosciences Inc. will invest $471,000 to expand in Prince William County, creating 70 jobs, Gov. Glenn Youngkin announced Tuesday. The company relocated within Prince William County in February, moving from a roughly 600-square-foot space to about 2,000 square feet in the Northern Virginia Bioscience Center. It plans to develop diagnostic technologies to monitor […]

Four Va. businesses to receive flood solutions funding
May 17, 2022

Four Va. businesses to receive flood solutions funding

Four Virginia-based small businesses focused on coastal resiliency and flooding will receive funding to develop their products, Norfolk-based nonprofit RISE Resilience Innovations announced Thursday. Divided between rural and urban projects, there were eight winning projects, with the other four based in North Carolina. More than 70 projects were submitted. The urban winners will receive up [&hell[...]

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 […]

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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 […]

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