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economic development

Nov 11, 2021

Metal fabricator to add 22 jobs in Buchanan

Buchanan County-based metal fabrication company Skyline Fabricating Inc. will spend more than $675,000 to build a 25,000-square-foot production facility in the county’s Southern Gap area, creating 22 jobs, Gov. Ralph Northam announced Tuesday. The facility will help Skyline Fabricating meet increased demand for steel and aluminum fabricated products and its expanded customer base outside Vir[...]

Stephen Moret is president and CEO of VEDP.
Nov 10, 2021

Stephen Moret to leave VEDP

Virginia Economic Development Partnership President and CEO Stephen Moret will leave VEDP to become president and CEO of Indianapolis-based Strada Education Network in January, Strada and VEDP announced Wednesday. Moret expects that VEDP’s board will appoint Executive Vice President Jason El Koubi to serve as interim CEO and a nationwide search will be conducted for […]

L to R: Brothers Talbot, Tanner, Jake and Abner Johnson started Elkton-based Pure Shenandoah, a hemp processing and CBD products manufacturing company, in 2018. Photo by Scott Elmquist
Oct 28, 2021

The color of money

A dusty floor, lumber piles and strewn tools mark the signs of active construction in the future showroom of Pure Shenandoah LLC. CEO Tanner Johnson stands in the front room of the historic, renovated Casey Jones building in Elkton and describes the experience of a future customer. “You’ll come in right here to a cool […]

First Line Technology President and CEO Amit Kapoor moved his business from Fairfax County to Stafford County, reducing employee commutes and company costs. Photo by Will Schermerhorn
Oct 28, 2021

Getting off the road

For years, residents in the Fredericksburg region looked north for opportunity and higher-paying jobs. But more homegrown jobs and remote work are signs of change for the area, says Curry Roberts, president of the Fredericksburg Regional Alliance, which includes Fredericksburg and the counties of Caroline, King George, Spotsylvania and Stafford. “We’re developing a distinct economy [&helli[...]

Kristy Johnson was selected as executive director of the Halifax County Industrial Development Authority in September. Photo by Hannah King
Oct 28, 2021

New IDA director is no stranger

When Kristy Johnson moved to Halifax County from Georgia in 2008, the community welcomed her family with open arms, she says. Now she has the opportunity to return the favor as the new executive director of the county’s Industrial Development Authority. Johnson’s no stranger to the organization. She’s worked for the IDA since 2009 in […]

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 […]

VF Corp. to create 82 jobs in Henry County
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 […]

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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 [&helli[...]

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 […]

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