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economic development

Damascus business owner Stuart Wright credits tourism for his hometown’s resurgence. Photo by Earl Neikirk
Oct 28, 2021

Damascus sees hike in trail tourism

On a September afternoon, Stuart Wright was trying to persuade a tourist to bring her son back to visit the town of Damascus in Washington County. “Bring that little boy down here and he can play in the river, he can hike, he can bike the trail,” Wright coaxed. “Bring him where he’s got something […]

Oct 28, 2021

VF Corp. to create 82 jobs in Henry County

Denver-based apparel and footwear company VF Corp. will create 82 jobs with a $10.2 million expansion within Henry County, Gov. Ralph Northam announced Thursday. The company will make upgrades within its 500,000-square-foot facility in Martinsville to increase distribution capacity and speed. “VF Corp. has thrived in Henry County for nearly 20 years, and we are […]

Oct 25, 2021

Siemens Gamesa to build first U.S. offshore wind blade factory in Portsmouth

Siemens Gamesa Renewable Energy S.A., a Spanish wind turbine company, will invest $200 million to build the first U.S. offshore wind turbine blade manufacturing facility in Portsmouth, creating 310 jobs, Virginia Gov. Ralph Northam announced Monday from the Port of Virginia’s Portsmouth Marine Terminal. Siemens Gamesa is a partner in Dominion Energy’s 2.6-gigawatt, $7.8 billion […]

If approved, the GreenCity project in western Henrico County would include a 17,000-seat arena and 2.2 million square feet of office space. Rendering courtesy GreenCity LLC
Oct 15, 2021

Henrico green-lights $2.3B GreenCity project

The Henrico County Board of Supervisors this week unanimously approved rezoning the 204-acre former Best Products headquarters campus into the $2.3 billion GreenCity project, a major mixed-used development that will feature a 17,000-seat arena. GreenCity, which was proposed in December 2020, is also expected to include two hotels with 600 rooms, about 2.2 million square […]

Oct 15, 2021

Insurance startup to create 70 jobs with Henrico HQ

Startup specialty property and casualty insurance holding company Richmond National Insurance Co. (RNIC) will create about 70 jobs over the next three years as it establishes its headquarters in Henrico County, Gov. Ralph Northam announced Friday. “The commonwealth is always looking to create an environment that supports startups and businesses of all sizes,” Northam said […]

Oct 14, 2021

Scott County Tempur Sealy bedding factory to add 25 jobs

Tempur Sealy International Inc. is expanding its Duffield facility in Scott County, the Virginia Coalfield Economic Development Authority announced Thursday. The bedding company known for its Tempur-Pedic, Posturepedic and Stearns & Foster mattresses, among others, is headquartered in Lexington, Kentucky, but has two manufacturing facilities: one in Albuquerque, New Mexico, and one in Southwes[...]

Oct 14, 2021

Sugar alternative company to create 64 jobs in Albemarle County

Virginia sugar alternatives company Bonumose Inc. will invest $27.7 million to expand in Albemarle County in a partnership with The Hershey Co. to research and develop reduced or zero sugar chocolate products, creating 64 jobs, Gov. Ralph Northam announced Thursday. Bonumose will move into 36,000 square feet in the former State Farm building to increase […]

Oct 11, 2021

Richmond marketing Diamond property for redevelopment

The city of Richmond announced Monday it is marketing the 66.7-acre Diamond baseball stadium property as an area for redevelopment, which likely would include a new stadium for the Richmond Flying Squirrels baseball team. A new website will be launched soon, preceding a “request for interest” released before the end of the year, the city […]

Oct 4, 2021

Medical glove manufacturers to create 2,500 jobs in Wythe County

Connecticut-based Blue Star NBR LLC and Delaware-based American Glove Innovations Inc. will invest $714 million to build a manufacturing facility in Wythe County for producing rubber medical gloves — a joint venture expected to create 2,500 jobs, Virginia Gov. Ralph Northam announced Monday. The operation is expected to produce up to 60 billion medical gloves each […]

Sep 30, 2021

Italian meat company bringing 150 jobs to Rockingham County

Italian cured meats manufacturer Veronesi Holding S.p.A., a Gruppo Veronesi company, will invest approximately $100 million to establish its first U.S. production facility in Rockingham County, creating an estimated 150 jobs over the next four years, Gov. Ralph Northam announced Thursday. The facility will be located on 75.8 acres in the Innovation Village @ Rockingham […]

Sep 28, 2021

German manufacturer bringing 355 jobs to Henry County

Schock GmbH, a German quartz composite sink manufacturer, plans to build an $85 million manufacturing facility in Henry County, creating 355 jobs, Gov. Ralph Northam announced Tuesday. Virginia competed with Florida, Georgia and North Carolina for the project, which will occupy a 95,500-square-foot shell building on 14.7 acres in Patriot Centre Industrial Park. Northam met […]

Sep 28, 2021

Bedford County names new economic development director

Pam Bailey will be the new Bedford County Economic Development director, County Administrator Robert Hiss announced Monday. She had been serving as the interim director. “Pam brings energy, passion and creativity, along with a high work ethic, to this position,” Hess said in a statement. “I’ve been completely impressed with her accomplishments over the past […]

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