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Textiles startup opening Buchanan County sewing factory
Local textiles manufacturing startup Maine Five is opening a sewing factory at Buchanan County’s Council Industrial Park building. Investing $350,000 in the 17,211-square-foot factory space, the company is immediately hiring 12 workers and has plans to employ to 100 total workers by 2026. Founded in 2020, Maine Five manufactures medical supplies, bags and field kits […]
GMU establishes President’s Innovation Advisory Council
George Mason University President Gregory Washington on Monday announced he has formed an advisory roundtable of nearly 30 regional business executives and community leaders to focus on the university’s innovation initiative. The President’s Innovation Advisory Council will focus on issues such as GMU’s efforts to increase the pipeline of tech workers. George Mason’s innova[...]
Greater Richmond Partnership taps new CEO
Greater Richmond Partnership’s board announced Monday that Jennifer Wakefield, the regional economic development organization’s interim leader, has been chosen as its permanent president and CEO, effective immediately. Wakefield, who previously was chief operating officer and served twice as the partnership’s interim president, joined GRP in 2017 as its senior vice president of m[...]
Northam announces $3.6M expansion of Eaton in Henrico
Power management manufacturer and supplier Eaton Corp. plc will invest $3.6 million to move production from California to its facility in Henrico County, Gov. Ralph Northam announced Friday. The move will create 80 jobs through the expansion of the Henrico facility’s production capabilities and the addition of new lines for electrical component manufacturing. Eaton, an […]
Fairfax County’s Richmond Highway area ripe for development during next decade
Between the development of Amazon.com Inc.’s $2.5 billion East Coast HQ2 headquarters in Arlington and Virginia Tech’s $1 billion Innovation Campus in Alexandria, Northern Virginia is ripe for commercial and residential development during the next decade. According to a market assessment study presented to Fairfax County’s Economic Advisory Commission, the Richmond Highway corrid[...]
Manufacturer announces $10.7M expansion in Montgomery County
Motion control product manufacturer Moog Inc. will invest $10.7 million to transfer existing jobs and equipment from its Blacksburg facilities to a larger building in Montgomery County, Gov. Ralph Northam announced Tuesday. The investment will also create 75 jobs. Founded more than 65 years ago, East Aurora, New York-based Moog Inc. designs, manufactures and integrates […]
Chesapeake Economic Development offers extra $1M for small businesses
Through the Chesapeake Economic Development department’s latest $1 million round of COVID-19 grants, small businesses can receive up to $10,000 for reimbursable business expenses related to the pandemic, such as rent, payroll and operating costs. This marks the department’s third round of Small Business COVID-19 Recovery Grant program funding. So far, the department has disbursed [&hel[...]
Startup PPE manufacturer settles in Harrisonburg
Startup manufacturing company Valley Guard Supply LLC will invest $1 million to establish a personal protective equipment manufacturing facility in Harrisonburg, creating 45 jobs, Gov. Ralph Northam announced Wednesday. The service-disabled, veteran-owned company produces three-ply disposable masks and plans to produce other safety and security gear, according to Northam’s statement. “Dome[...]
Three Hampton Roads revitalization projects receive $1M from state
Gov. Ralph Northam announced Tuesday that $1 million in Port Host Communities Revitalization Fund (PHCRF) grants will go toward three projects in Hampton Roads including revitalizing the vacant 57,792-square-foot Willis Building in Norfolk, making updates to the Menchville Marina to aid the state’s oyster industry and redeveloping the 51-acre Lovett Point property in Portsmouth for […[...]
Texas education, training content developer will relocate HQ to Richmond
Education and training content developer Vytal Studios will invest $6.8 million to move its corporate headquarters from Austin, Texas, to Richmond, creating 155 jobs, Gov. Ralph Northam announced Tuesday. The company will renovate the facility at 1802 Semmes Ave. to include studio space for filming content and office space for development and post-production functions. “With […]
Richmond City Council to consider $325M VCU Health tower
Richmond City Council will consider the $325 million sale and redevelopment of the city’s Public Safety Building into a VCU Health medical office tower. The project is proposed by Capital City Partners LLC, a joint venture from two developers who were involved in the failed Navy Hill project. Mayor Levar Stoney announced Monday that his […]
Norfolk shipping, logistics company to create 400 jobs through $36M expansion
Shipping and logistics company CMA CGM Group will keep its North American headquarters in Norfolk and invest $36 million to expand its Hampton Roads and Northern Virginia operations, creating more than 400 jobs, Gov. Ralph Northam announced Thursday. The French company opened its first Virginia office in 2002 in Virginia Beach and in 2005 moved […]
