Please ensure Javascript is enabled for purposes of website accessibility

economic development

The Virginia Beer Co. brewery is a popular hangout in the Edge District, the burgeoning restaurant and entertainment district where the York and James City county borders meet the city of Williamsburg. Photo by Mark Rhodes
Dec 31, 2021

Better together

“Cooperation” is a word Jim Noel uses a lot these days when speaking about the Greater Williamsburg region, which encompasses the city of Williamsburg and York and James City counties. As York County’s economic development director, Noel has watched as one of the most historically significant areas of the nation has worked to revive and […]

The United Way of Southwest Virginia unveiled its Ready SWVA initiative to 150-plus local leaders at a Dec. 8, 2021, event. Photo courtesy United Way of Southwest Virginia
Dec 31, 2021

United Way launches child care initiative

The gap between the need for child care and its availability and accessibility is nearly three times higher than the state average in Southwest Virginia, where parents lack child care services for more than 7,000 children under age 5, according to a 2019 report from the Bipartisan Policy Center. Child care is not cost-effective for […]

The pandemic-fueled e-commerce surge has accelerated the need for distribution centers, says Taylor Chess, president of development for Fairfax-based Peterson Cos., standing at the construction site for a major Amazon fulfillment center in Stafford County. Photo by Will Schermerhorn
Dec 31, 2021

Need for speed

Geoff Poston likens the current market for building, buying and leasing warehouses and distribution centers to the mid-1800s California Gold Rush: Everybody wants in. Poston, vice president of Cushman & Wakefield | Thalhimer’s Hampton Roads industrial group, says demand has never been greater for industrial real estate, creating a tight market with low vacancy. “The […]

Dec 21, 2021

Virginia named top business climate in U.S. by Business Facilities

Business Facilities magazine, a trade publication that focuses on corporate site selection and economic development, has named Virginia first in the nation for its overall business climate, Gov. Ralph Northam announced Tuesday. The state joins fellow honorees Tennessee (recognized for best dealmaking) and Massachusetts, recognized for its workforce and educational system in Business FacilitiesR[...]

Plastics manufacturer to produce 300 jobs in Chesterfield
Dec 21, 2021

Plastics manufacturer to produce 300 jobs in Chesterfield

Starplast USA, a subsidiary of Israel-based plastic manufacturer Starplast, plans to invest $17.7 million in a new facility in Chesterfield County, creating 300 jobs over the next five years, Gov. Ralph Northam announced Tuesday. “Starplast chose Chesterfield County for its new manufacturing operation because the geographic location is very attractive, especially given its proximity to […[...]

Default Alt Text
Dec 17, 2021

CoStar Group to open $460M campus in Richmond

Washington, D.C.-based CoStar Group Inc., a commercial real estate data and analytics provider, will build a $460 million corporate campus in Richmond, creating 2,000 jobs, Gov. Ralph Northam announced Friday. The new campus will include a 26-story, 510-foot, LEED-platinum-certified skyscraper that will be the tallest building in Virginia, rising two feet taller than the Westin […]

Northam proposes $150M for site readiness
Dec 16, 2021

Northam proposes $150M for site readiness

When Mazda Toyota was looking to build a plant that would have brought 4,000 jobs and 1.6 billion in investment, Virginia was ruled out. Why? Because Virginia didn’t have a competitive project-ready site available. Huntsville, Alabama, landed the deal instead.  Since 2016, Virginia has lost out on 42,000 direct jobs and over $75 billion in capital […]

Dec 13, 2021

Two Va. projects are finalists for $100M U.S. EDA grants

Two Virginia projects — one to make Central Virginia an advanced pharmaceutical manufacturing hub and one to support the transportation and logistics cluster in Southern and Southwest Virginia — are two of 60 finalists for the U.S. Economic Development Administration’s Build Back Better Regional Challenge, which will provide awardees with up to $100 million each. […]

Qualtrics expansion expected to bring 400 jobs to Fairfax
Dec 9, 2021

Qualtrics expansion expected to bring 400 jobs to Fairfax

Qualtrics, a data analytics and experience management software company based in Seattle and Provo, Utah, is expanding its presence in Fairfax County and expects to create 400 jobs in a new location in Reston, Gov. Ralph Northam announced Thursday. The company will move from its former office in Reston to an 85,000-square-foot space at 1906 […]

Dec 8, 2021

Patrick County flooring company announces $9.3M expansion

Ten Oaks LLC, a manufacturer of residential hardwood floors, will invest $9.3 million in a sorting and stacking facility in Patrick County, creating 11 jobs, Gov. Ralph Northam announced Wednesday. The company was established in 2004 in the town of Stuart and was acquired in 2019 by Canadian company Boa-Franc. The new facility is located […]

$31.5M Winchester turkey plant to create 111 jobs
Dec 2, 2021

$31.5M Winchester turkey plant to create 111 jobs

Minnesota-based TFC Poultry LLC will invest $31.5 million to establish its second U.S. production facility in Winchester, a project expected to create 111 jobs, Gov. Ralph Northam announced Thursday. “Virginia’s strong agriculture sector continues to play a critical role in the success of our booming economy,” Northam said in a statement. “We are pleased the company […]

Shenandoah Valley Partnership Executive Director Jay Langston at the future site of a Cava processing facility in Verona Photo by Norm Shafer
Nov 29, 2021

Shenandoah Valley races to develop industrial sites

A flurry of recent industrial investment in the Shenandoah Valley has regional economic development officials eager to make new sites shovel-ready as companies put a premium on locations that will enable them to stand up operations as fast as possible. Fast-casual restaurant chain Cava’s September announcement that it will build a $30 million, 57,000-square-foot processing […]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.