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Floyd County EDA receives $2.3M federal grant for growth center
The Floyd County Economic Development Authority announced this week it has received a $2.3 million grant from the U.S. Economic Development Administration to construct the first building for the Floyd Growth Center, a shared space in the Floyd Regional Commerce Center for small industrial companies. Different from a small business incubator, the center will allow […]
Norfolk buys former Military Circle hotel for $2.4M
Less than a week after Norfolk announced its purchase of the Military Circle Shopping Mall for $11 million, the Norfolk Economic Development Authority (EDA) said Thursday it has also approved a plan for the city to purchase the former DoubleTree Hotel at Military Circle for $2.4 million. The hotel property was listed for sale for […]
Developers propose $350M tower to replace Richmond Public Safety Building
The development team that created plans for the failed $1.5 billion Navy Hill proposal in downtown Richmond has returned to the scene, this time with a lower-stakes proposal that would not require funding by the city, a sticking point in the earlier plan. Capital City Partners LLC, the partnership between Michael Hallmark of Los Angeles-based […]
Greater Richmond Partnership hires VP of business development
Regional economic development organization The Greater Richmond Partnership Inc. (GRP) announced Tuesday it has hired Audrey Polk as its vice president of business development. Polk most recently worked as the existing business representative at the Henrico Economic Development Authority. Before that, she was a research analyst for the Virginia Economic Development Partnership. She earned her [&[...]
GO Virginia approves $2.87M in grants for 13 regional projects
The state’s Go Virginia Board has allocated $2.87 million in grants for 13 regional projects supporting economic development. A state economic development initiative led by business leaders and state officials, GO Virginia ( Growth and Opportunity for Virginia) has funded 87 projects, totaling $30.3 million, since it was established by the General Assembly in 2016. […]
Charlottesville Chamber launches local economic recovery initiative
The Charlottesville Regional Chamber of Commerce on Tuesday announced the launch of Project Rebound, a local economic recovery initiative to address the COVID-19 economic crisis. The project, hosted by The Chamber and economic offices at the University of Virginia, Albemarle County and the city of Charlottesville, aims to bring together local businesses to discuss challenges […]
1901 Group expanding into Washington County
Reston-based information technology services company 1901 Group will invest $1.15 million in Washington County to establish its third Virginia operations center, creating 150 jobs, Gov. Ralph Northam announced Monday. The new center will be located at the Virginia Highlands Small Business Incubator in Abingdon, where small businesses can pay $1.05 per square foot to be […]
Stanley Martin buys Richmond parking lot for $3.9M to develop town homes
Reston-based Stanley Martin Cos. LLC has purchased a 1.16-acre parking lot at 1027 N. Lombardy St. in Richmond from Sylvia Place Properties LLC for $3.9 million, Virginia Beach-based Divaris Real Estate Inc. announced Wednesday. Read Goode and Cheryle Toy represented Stanley Martin in the transaction. Stanley Martin also has 2.25 acres of adjacent property under […]
Former Colortree factory to be taken over by new company
Tulsa, Oklahoma-based marketing conglomerate Moore DM Group will invest $31 million in reopening the Henrico County printing plant formerly operated by Colortree Group Inc., which abruptly went out of business in June, leaving 240 employees out of work. The new plant will be run as Richmond Print Group, a subsidiary of Moore DM Group. Richmond […]
SimpliSafe customer support center to create 572 jobs in Henrico
Home security system manufacturer SimpliSafe is establishing a customer support center in western Henrico County, a deal expected to create 572 jobs, Gov. Ralph Northam announced Thursday. The Boston-based company will invest $5.5 million in a facility at 1601 Willow Lawn Drive, close to the Richmond city line. SimpliSafe provides self-installed home security devices, 24-hour […]
Water heater manufacturer will create 180 jobs in James City County
Navien Inc., a U.S. subsidiary of a South Korean manufacturer of water heaters and boilers, is setting up shop at the former Lumber Liquidators building in James City County, creating 180 manufacturing jobs, Gov. Ralph Northam announced Tuesday. This is the first U.S. manufacturing operation for KD Navien, which is headquartered in Seoul, and the […]
Alarm.com launches apprenticeship program
In cooperation with Northern Virginia Community College, Tysons-based Alarm.com launched an apprenticeship program Friday aimed at producing workers with in-demand tech skills. Supported by the state’s GO Virginia economic development initiative, 10 initial apprentices, including three from the military community, will participate in Alarm.com’s paid yearlong apprenticeship program. They will [...]
