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CoStar Group moving global HQ to Arlington
UPDATED: Feb. 16, 10 a.m. CoStar Group, which already has a major presence in Richmond, will invest $20 million to move its global corporate headquarters from Washington, D.C., to Arlington County’s Rosslyn area, Virginia Gov. Glenn Youngkin announced Tuesday. Known for its online real estate marketplaces Apartments.com and Homes.com, the real estate analytics and data […]
Mack Trucks will expand Roanoke County facility
North Carolina-based Mack Trucks, a division of Sweden-based Volvo Group, will invest $14.5 million to expand its Roanoke County manufacturing operation, a project expected to create 51 jobs, Gov. Glenn Youngkin announced Friday. Mack Trucks, a medium- and heavy-duty trucks producer, will add 72,000 square feet to its current facility to increase capacity for its […]
Back in the saddle again
The political version of musical chairs — aka the 2024 General Assembly session — begins again in Richmond this month, as legislative control shifts once again to Democrats, who won majorities in the House of Delegates and the state Senate in the November 2023 elections. Nevertheless, a 6-foot-5-inch Republican roadblock stands in the way of […]
Northrop Grumman to establish $200M Waynesboro facility
Falls Church-based Fortune 500 defense contractor Northrop Grumman will invest more than $200 million to establish an advanced electronics manufacturing and testing facility in Waynesboro, creating an estimated 300 jobs over the next five years, Gov. Glenn Youngkin announced Tuesday. “Northrop Grumman’s expanding Virginia footprint sends a powerful message that the commonwealth is a ma[...]
Third-party logistics company to expand in Pulaski County
Wytheville-based third-party logistics company Camrett Logistics will invest more than $2 million to expand in Pulaski County, creating an estimated 58 jobs, Gov. Glenn Youngkin announced Tuesday. Camrett Logistics’ investment in its Dublin facility will include construction, renovating existing space and buying new forklifts and electric trucks. “Homegrown Virginia businesses like Camrett[...]
Envelope maker to expand in Bedford County
Forest-based Parkland Direct, a lithographic print and custom envelope manufacturer, will invest $10 million to expand in Bedford County, creating 41 jobs, Gov. Glenn Youngkin announced Tuesday. The company will add 50,000 square feet to its current 60,000-square-foot facility to increase production capacity with the addition of two converters and press machines. The family-owned business [&hellip[...]
Youngkin’s 2024 tightrope walk depends on Va. elections
The individual with the most to gain from this fall’s General Assembly elections isn’t even on the ballot. Gov. Glenn Youngkin is nearly midway through his term-limited governorship, and pretty much from day one, politicos have speculated he’s after a bigger prize: the U.S. presidency. The governor hasn’t entered the 2024 race, but he’s sent […]
Youngkin signs executive directive on AI
Gov. Glenn Youngkin has signed an executive directive around artificial intelligence, instructing the state government to establish use standards and identify opportunities for the government to use AI technologies. Executive Directive No. 5, announced by the governor‘s office late Wednesday, directs the Office of Regulatory Management to work with the state’s chief information officer[...]
Charlottesville-based Virginia Diodes to expand, invest $2.5M
Virginia Diodes Inc. (VDI) will invest $2.5 million to expand its operations in Charlottesville, adding an estimated 24 jobs, Gov. Glenn Youngkin announced Thursday. VDI was founded in Charlottesville in 1996 as a spinoff from the University of Virginia and in 2004 established its headquarters at the city’s Ix Art Park complex. The company manufactures […]
Henrico insurer to create 72 jobs in $6.2M expansion
Henrico County-based insurance company Berkley Insurance Co. will invest $6.2 million to expand its office in the county’s Innsbrook area, with plans to create 72 jobs, Gov. Glenn Youngkin announced Thursday. A subsidiary of Connecticut-based Fortune 500 company W. R. Berkley Corp., the firm will lease an additional 8,920 square feet of office space from […]
Rail equipment manufacturer to expand in Salem
Wabtec Corp. is investing $2.7 million to expand its existing facility in Salem, adding 38 jobs, Gov. Glenn Youngkin announced Wednesday. Headquartered in Pittsburgh, Wabtec provides equipment, systems, digital solutions and other services for freight and transit rail globally. The expansion will accommodate the relocation of its pneumatically controlled braking systems manufacturing lines within [...]
Virginia rises to No. 2 in CNBC’s Top States for Business
Rated America’s best state for education, Virginia climbed to the No. 2 spot in CNBC’s 2023 Top States for Business rankings, with North Carolina taking the top spot for the second year in a row. “Virginia is our most decorated state, a five-time winner,” the cable business news network said Tuesday, “but you’ll pay dearly […]
