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Chesterfield EDA eyes mixed-use project at Spring Rock Green
The Chesterfield County Economic Development Authority has proposed purchasing Spring Rock Green — a 42-acre property on the northwest corner of Midlothian Turnpike, near Chippenham Parkway — for $16 million to create a mixed-use development. The property is located between the Stonebridge Shopping Center and The Boulder’s Office Park. The first phase of the project […]
Virginia snags “Best Business Climate” state ranking
Virginia is the state with the “Best Business Climate” in the nation, according to Business Facilities magazine’s 17th annual State Ranking Report, released Wednesday. Last year, Texas held the No. 1 spot, with Virginia taking second. After falling off Business Facilities’ top 10 list in 2014 and 2015, Virginia placed ninth in 2016, fourth in […]
Richmond snack company investing $16.5M in Henrico facility
Richmond-based specialty snack supplier Red River Foods Group Inc. will invest $16.5 million to establish a warehouse and processing facility in Henrico County, creating 60 jobs, Virginia Gov. Ralph Northam announced Monday. Virginia competed with Maryland, New Jersey and Pennsylvania for the project. The center will process tree nuts, seeds and dried fruits and will […]
SimpliSafe bringing second facility to Henrico
Home security system manufacturer SimpliSafe will invest more than $3 million to expand its operations in Henrico County, increasing its jobs creation total for the county to more than 800, Gov. Ralph Northam announced Thursday. The company will establish a new customer security monitoring service center at 4840 Cox Road in Glen Allen to provide […]
Plastics equipment manufacturer to reopen Pulaski facility
Plastics industry equipment manufacturer Xaloy Holdings LLC will move its barrel manufacturing operation from Ohio back to Virginia, reopening its former facility in Pulaski County, Gov. Ralph Northam announced Thursday. Xaloy will invest $1.75 million in its 100,000-square-foot, 30-acre site in Pulaski to produce bimetallic barrels, which are formed by bonding metal linings to the […]
Virginia ranked CNBC’s Top State for Business again
Virginia retained its place as CNBC’s Top State for Business this year, beating out North Carolina and Texas and becoming the first state to achieve the honor twice in a row and five times in all, the cable business news channel announced Tuesday morning. Virginia Gov. Ralph Northam appeared live Tuesday morning on CNBC’s “Squawk […]
Timber exporter building $1.1M facility in Suffolk
Kristi Corp. a global supplier of industrial raw materials for aluminum and steel metallurgical industries, will build a $1.1 million log load and fumigation facility in Suffolk, creating 10 jobs, Virginia Gov. Ralph Northam announced Tuesday. The company will source 100% of its exports from Virginia logging companies. Virginia competed with North Carolina and Pennsylvania […]
Chesterfield EDA acquires former speedway property
Chesterfield County will purchase the former Southside Speedway property for $4.5 million, according to a news release from the county’s Economic Development Authority. The county’s board of supervisors approved the transfer of funds for to the EDA for the purchase on June 23. The nearly 48,000-square-foot property purchase is part of a plan to expand […]
People Inc. names next president and CEO
Bryan Phipps has been named the next president and CEO of Abingdon-based nonprofit People Inc., the organization announced in a news release. The 17-year veteran of the community action agency will serve as senior vice president until current President and CEO Robert G. Goldsmith retires at the end of December. Phipp has more than 21 […]
F-22 fighter jet training unit will relocate to Joint Base Langley-Eustis
The U.S. Air Force is relocating the branch’s only advanced training unit for F-22 Raptor fighter jets from Florida to Joint Base Langley-Eustis in Hampton, bringing some 2,300 people to the region, the Air Force confirmed to the Air Force Times newspaper on Wednesday, June 23. “We are thrilled to welcome the F-22 Raptor formal […]
GO Virginia awards $11.1 million in economic recovery grants
The state’s GO Virginia economic development initiative announced Wednesday that it has allocated $11.1 million in grants to advance economic recovery efforts across Virginia, including a $1.45 million award to create a statewide system to support cybersecurity jobs training for Virginia’s defense contracting industry. “The targeted support that GO Virginia provides is critical to en[...]
CarLotz expanding HQ in Richmond, adding 192 jobs
CarLotz, the nation’s largest consignment-to-retail used vehicle business, plans to expand its headquarters in the city of Richmond, creating 192 jobs, Gov. Ralph Northam announced Friday. To accommodate recent growth, the company will relocate from the city’s Manchester neighborhood to Scott’s Addition. CarLotz was founded 10 years ago in Richmond and went public in 2020 [&helli[...]
