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economic development

Nov 16, 2020

More than $1.9M in grants going to Va.’s tourism industry

While COVID-19 continues to slam the tourism and hospitality industries, Gov. Ralph Northam announced Monday that more than $1.9 million in matching grants will be disbursed among 161 local tourism initiatives as part of Virginia Tourism Corp.’s Recovery Marketing Leverage Program (RMLP). Although Virginia’s tourism industry had another record year in 2019, posting $27 billion […]

SPIG Industry founders Joshua (left) and Chris Harman
Nov 12, 2020

SWVA guardrail manufacturer announces $7.9M expansion

Nine months of hard work has paid off. Since February, InvestSWVA has been working with highway guardrail manufacturer SPIG Industry LLC on its expansion plans, and on Thursday Gov. Ralph Northam announced the Washington County-based company’s plans to invest $7.9 million to expand its operations in the Bristol-Washington Industrial Park, creating 113 jobs. Formed in […]

Kevin Hughes. Photo courtesy city of Suffolk
Nov 10, 2020

City of Suffolk announces leadership overhaul

Following the late September resignation of former Suffolk City Manager Patrick Roberts, interim City Manager Albert Moor on Monday made several appointments to the administrative staff, including an acting deputy city manager.  Suffolk City Council accepted Roberts’ resignation during a special meeting after a closed session. The reason for his resignation was not released. After […]

Nov 3, 2020

GO Virginia funds $9M in workforce development, economic recovery grants

The Growth and Opportunity for Virginia (GO Virginia) state economic development initiative has allocated grants totaling more than $9 million for workforce development and assisting communities with economic recovery, Virginia Gov. Ralph Northam announced Tuesday. A $7.8 million allocation will support 11 regional projects and two statewide projects aimed at workforce development initiatives. Ano[...]

Nov 2, 2020

$1.2M grant approved for Dickenson County industrial site

A grant for up to $1.2 million in infrastructure improvements to the Red Onion Industrial Site in Dickenson County was recently approved by Virginia Coalfield Economic Development Authority board. The funds, which will be given to the Dickenson County Industrial Development Authority, will be used to help finance site grading, site development, access road construction […]

Rendering of new Volkswagen Group of America headquarters at Reston Town Center. Rendering courtesy Volkswagen Group of America
Oct 28, 2020

Volkswagen Group of America deepens its Fairfax roots

Automobile manufacturing giant Volkswagen Group of America Inc. (a wholly owned subsidiary of Volkswagen AG) announced Tuesday it has chosen to keep its headquarters in Fairfax County — signing a 20-year lease agreement in Reston Town Center.  Volkswagen’s North American headquarters has been located in Fairfax County since 2007. It will be the anchor tenant in […]

Oct 26, 2020

N.C. furniture manufacturer to create 150 jobs in Pittsylvania

North Carolina-based Ison Furniture Manufacturing Inc. will invest $3.5 million to acquire and renovate the recently closed A.C. Furniture Co. Inc. facility in Pittsylvania County, creating 150 jobs, Gov. Ralph Northam announced Monday.  Ison furniture will also purchase new assembly and production equipment for its upholstered furniture products. Its supplier, Dogwood Global LLC, will occupy [&h[...]

Oct 23, 2020

Lara Fritts resigns from Greater Richmond Partnership

Lara Fritts has resigned as president and CEO of the Greater Richmond Partnership, according to an email sent to the public-private economic development organization’s investors this week. Her resignation is effective as of Nov. 30, and she will be serving actively in the role until that time, according to a spokesperson. Fritts joined the organization […]

Oct 21, 2020

Loudoun County allocates additional small business funding

The Loudoun County Board of Supervisors has allocated an additional $145,000 to fund 29 more businesses with $5,000 COVID-19 Business Interruption Fund grants, Loudoun Economic Development announced Wednesday. The additional allocation will allow the fund to cover all 660 certified eligible businesses that applied for the county’s fifth round of COVID-19 small business relief funding. […]

Oct 20, 2020

Silk City Printing to create 93 jobs in Fluvanna County

Silkscreened apparel company Silk City Printing LLC will invest $5.7 million to establish a new production operation in Fluvanna County, creating 93 new jobs, Gov. Ralph Northam announced Tuesday.  Silk City will relocate its corporate headquarters from Paterson, New Jersey, to a former Thomasville facility in Fluvanna that has been vacant since 2007. Silk City […]

The Pamunkey Indian Tribe plans to build a $500 million casino and resort on the Elizabeth River if Norfolk voters approve the project on the November ballot. Rendering courtesy Pamunkey Indian Tribe
Oct 15, 2020

Baskervill, HKS to lead Norfolk casino design, architecture

The Pamunkey Indian Tribe announced Thursday that Dallas, Texas-based HKS and Richmond-based Baskervill will serve as the architecture team for the tribe’s planned $500 million Norfolk Resort & Casino if city voters approve a Nov. 3 local referendum approving the casino development. Backed by Tennessee billionaire investor Jon Yarbrough, the casino and resort will include […]

Photo courtesy Loudoun Economic Development
Oct 14, 2020

Loudoun County Farm Fall Tour launches online Oct. 27

Loudoun County’s 25th annual Farm Fall Tour will launch online on Saturday, Oct. 27, to connect farmers with consumers for the harvest season. This year, 25 farms will be featured on the virtual farm tour. “This initiative follows a successful virtual Spring Farm Tour, which connected thousands of people from 16 countries with Loudoun farms […]

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