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economic development

Military contractor to add hundreds of jobs in Norfolk
Apr 7, 2022

Military contractor to add hundreds of jobs in Norfolk

Fairfax-based military contractor WR Systems will expand its Norfolk campus, Norfolk Mayor Kenneth Cooper Alexander announced at the city’s annual State of the City address on Thursday. The Norfolk campus currently houses more than 320 employees and will add several hundred jobs, Alexander said. “In making the decision, they shared that Norfolk’s position as a […]

Bermuda insurer to establish U.S. HQ in Henrico
Mar 25, 2022

Bermuda insurer to establish U.S. HQ in Henrico

Bermuda-based Hamilton Insurance Group Ltd. will invest at least $415,000 to establish the U.S. headquarters of its subsidiary in Henrico County, a project estimated to create more than 70 jobs, Gov. Glenn Youngkin announced Friday. Hamilton’s wholly owned subsidiary, Hamilton Select Insurance Inc., is a commercial insurer that underwrites excess and surplus insurance. “Henrico County [&he[...]

Loudoun County is known as Data Center Alley because it has the world’s highest concentration of data centers. It has received $1.5 billion in tax revenue from the centers over the last six years Photo by Will Schermerhorn.
Mar 24, 2022

Report: Va. data center projects totaled $6.8B in 2021

Data centers are a primary driver of economic growth in Virginia, comprising $6.8 billion or 62% of all major economic investments announced last year by the Virginia Economic Development Partnership, according to a new report released Thursday by the Northern Virginia Technology Council (NVTC). While the total for 2021 represents a decrease from 2020, when […]

Richmond marketing Diamond property for redevelopment
Mar 23, 2022

Richmond pares down Diamond District developer pool

Story updated, March 24 at 11:45 a.m. The city of Richmond announced Wednesday that six competing development teams have been chosen out of 15 applicants to continue in the competition to redevelop the Diamond District area near the Richmond Flying Squirrels’ stadium. The city requested applications late last year for the 67.57-acre site, which would […]

VEDP board taps interim president
Mar 18, 2022

Jason El Koubi named VEDP’s permanent president, CEO

Jason El Koubi will stay on as the permanent president and CEO of the Virginia Economic Development Partnership, the state economic development authority announced Friday.  El Koubi was named interim president and CEO at the beginning of the year after Stephen Moret left the organization to become president and CEO of Indianapolis-based Strada Education Network. […]

Salem names new economic development director
Mar 17, 2022

Salem names new economic development director

Salem’s new economic development director, Tommy Miller, says he has “the entrepreneurial gene,” a trait that should come in handy with his new role. Miller established Richmond Brewery Tours, a venture he ran from 2012 through 2020 to highlight the burgeoning craft beer industry. “Any entrepreneurial venture should be both calculated and gut driven,” he […]

Action sports festival coming to Va. Beach
Mar 16, 2022

Action sports festival coming to Va. Beach

One of Canada’s largest action sporting events, the Jackalope Festival, will make its U.S. debut in Virginia Beach in June 2023, Mayor Bobby Dyer announced Wednesday at the annual State of the City address. “Get ready for Jackalope!” Dyer shouted enthusiastically before a crowd of about 1,000 people gathered at the Virginia Beach Convention Center. […]

Bankruptcy filing outlines coal industry’s decline
Mar 16, 2022

Coal waste project launches in SW Va.

A public-private project to evaluate the critical minerals in coal waste products in Virginia, West Virginia and Kentucky launched Wednesday with a community meeting in the Virginia Highlands Small Business Incubator in Abingdon. The project, Evolve Central Appalachia (Evolve CAPP), is part of an almost $1.5 million grant from the U.S. Energy Department to the […]

Penn. logistics firm building cross-dock centers in Va.
Mar 15, 2022

Penn. logistics firm building cross-dock centers in Va.

Pennsylvania-based warehousing and logistics company A. Duie Pyle Inc. will invest about $20 million to establish three cross-dock service centers in Manassas, Richmond and Roanoke, an expansion expected to create 75 jobs, Pyle and Gov. Glenn Youngkin announced Tuesday. It’s the company’s first entry into Virginia. “Global supply chains are experiencing unprecedented pressure and we [...]

Mar 14, 2022

Thermo Fisher Scientific to add 500 jobs in RVA region

Massachusetts-based scientific equipment and software supply company Thermo Fisher Scientific Inc. will invest $97 million to expand its laboratory operations into three new locations in the Greater Richmond area, a project expected to create more than 500 jobs, Gov. Glenn Youngkin announced Monday. “Thermo Fisher’s expanding footprint and creation of more than 500 new jobs […]

$42M tennis campus planned for Loudoun County
Mar 10, 2022

$42M tennis campus planned for Loudoun County

Loudoun County will soon be a new hub for American tennis. The United States Tennis Association Mid-Atlantic Section (USTA MAS) announced plans Thursday to build a 36-court, $42 million tennis campus in Loudoun County. And when the campus is complete in 2025, the nonprofit tennis organization, which is currently based in Herndon, will house its […]

Hyundai dealership to open in Roanoke County
Mar 8, 2022

Hyundai dealership to open in Roanoke County

A Hyundai sales and service facility is coming to Roanoke County, car dealership group Southern Team Automotive Group announced Tuesday. The 30,000-square-foot facility will be located at 7300 Williamson Road in the Hollins area in northern Roanoke County. The two-story showroom and facility will have DC fast-charging stations for electric vehicles. Construction is set to […]

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